Iglesia De Cristo Elim Central Los Angeles
- Assets
- $6.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Los Angeles, CA
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 95-4587133
Organization Overview
Iglesia De Cristo Elim Central Los Angeles is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Iglesia DE Cristo Elim Central Los Angeles employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Iglesia DE Cristo Elim Central Los Angeles is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Iglesia DE Cristo Elim Central Los Angeles generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE EVERY PERSON A BELIEVER OF CHRIST, AND EVENTUALLY A DISCIPLE AND TO REACH THEIR GOALS OF BECOMING LEADERS. WE PROVIDE BIBLE STUDY CLASSES AND CHURCH SERVICES IN WHICH WE PREACH THE GOSPEL OF JESUS CHRIST WITH A PENTECOST DOCTRINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSIONARY EXPENSES. WE PROVIDE MONETARY AID TO CHURCHES AND MINISTRIES THAT ARE IN MEXICO, CENTRAL AMERICA, AND SOUTH AMERICA. WE HELP WITH VARIOUS EXPENSES TO HELP MAINTAIN THOSE CHURCHES AND KEEP THE MINISTRY GOING STRONG. THESE CHURCHES ARE LOW INCOME AND THAT IS WHY WE PROVIDE THAT AID. WE ALSO GIVE DONATIONS TO MINISTERS IN OTHER COUNTRIES, IN THE USA AND WHO ARE INVITED PREACHERS TO OUR CONGREGATION (DONATIONS=$39,085) (FUNERAL DONATIONS = $24,727) (INGLEWOOD PARK CEMETARY EXPENSE = $7,166)
HOUSING ALLOWANCE FOR SENIOR PASTOR, YOUTH PASTOR, AND ASSOCIATED PASTOR.
WE CONDUCT COMMUNITY OUTREACH PROGRAMS. DURING THANKSGIVING WE PROVIDE HOT MEALS, TOYS & ACRIVITIES TO CELEBRATE. THANKSGIVING AND WE INVITE PEOPLE IN OUR COMMUNITY TO COME & CELEBRATE. WE WELCOME NEEDY FAMILIES OF THIS COMMUNITY. (FELLOWSHIP & CHURCH ACTIVITY PROGRAMS = $37,403)(YOUTH ACTIVITIES =$2,074) (FOOD ACTIVITIES = $11,720) (EMPLOYEE BRUNCH ACTIVITY = $21,932)
EXPENSES FOR OUR PROGRAM SERVICES ALSO INCLUDE BROADCAST RADIO & TV & MUSIC ($31,343) BOOKSTORE ($36,471), BOOKS, TAPES & PUBLICATIONS ($4,772), CAFE LA FE ($77,960) AUDIO EQUIPMENT ($3,209), EQUIPMENT LEASE ($7,101), EQUIPMENT RENTAL ($6,304) CHILDREN'S MINISTRY ($4,096), MUSIC PRODUCTION EXPENSES ($510), MUSIC & YOUTH EXPENSES ($30,952)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge V Fuentes President | Officer | 30 | $15,600 |
Marleni Fuentes Treasurer | Officer | 25 | $15,600 |
Miriam Fuentes Secretary | Officer | 25 | $10,400 |
Leonardo Fuentes Associated Pastor | Officer | 30 | $39,000 |
Jorge E Fuentes Administration | Officer | 30 | $29,640 |
Maria Jose Fuentes Manager | Officer | 30 | $26,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,883,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,883,132 |
| Total Program Service Revenue | $0 |
| Investment income | $1,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,884,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,590 |
| Compensation of current officers, directors, key employees. | $136,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,768 |
| Fees for services: Management | $165,002 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,338 |
| Advertising and promotion | $9,419 |
| Office expenses | $20,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,000 |
| Interest | $187,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,384 |
| Insurance | $34,654 |
| All other expenses | $122,099 |
| Total functional expenses | $1,626,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,843 |
| Savings and temporary cash investments | $651,922 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,600,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,094,841 |
| Total assets | $6,707,886 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,862,660 |
| Unsecured mortgages and notes payable | $115,540 |
| Other liabilities | $0 |
| Total liabilities | $2,978,200 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $258,199 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,471,487 |
| Total liabilities and net assets/fund balances | $6,707,886 |