Laugh Out Loud Ministry Inc
- Assets
- $718.0k
- Revenue
- $410.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Berthoud, CO
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 20-2920829
Organization Overview
Laugh Out Loud Ministry Inc is located in Berthoud, CO. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Laugh Out Loud Ministry Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laugh Out Loud Ministry Inc 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 12/2021, Laugh Out Loud Ministry Inc generated $410.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $494.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN INTERNATIONAL ORGANIZATION THAT EXISTS TO LOVE AND NURTURE ORPHANS, NEGLECTED AND DISADVANTAGED CHILDREN AND YOUNG ADULTS. ITS FOCUS IS TO BRING RESTORATION THROUGH GOD'S LOVE, ALLOWING CHILDREN AND YOUTH TO DISCOVER THEIR POTENTIAL, WHILE EQUIPPING AND RELEASING THEM INTO THEIR DIVINE DESTINY AND FUTURE. LOL IS THE ONLY ORPHANAGE IN THE TOLEDO DISTRICT OF BELIZE. ALL PROGRAM DEVELOPMENT IS VOLUNTEER DRIVEN AND SUPPORTED BY DONORS. NO REVENUE IS PROVIDED BY THE GOVERNMENT OF BELIZE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUGH OUT LOUD IS A CHILDREN'S HOME OPERATING IN THE TOLEDO DISTRICT OF SOUTHERN BELIZE. OUR GOAL IS TO CARE FOR, EDUCATE AND EQUIP OUR CHILDREN WITH LIFE SKILLS THAT WILL ALLOW THEM TO FLOURISH.THIS PAST YEAR WE HAVE: ENROLLED ALL OUR SCHOOL AGE CHILDREN IN SCHOOL. TWO OF OUR YOUNG ADULTS HAVE COMPLETED THEIR 2ND YEAR TOWARD THEIR ASSOCIATE DEGREE. ONE OF OUR YOUNG ADULTS IS WORKING ON HER BACHELOR'S DEGREE IN BUSINESS MANAGEMENT. TWO CHILDREN HAVE BEEN ADOPTED INTO A LOVING FAMILYS ARMS. LAUGH OUT LOUD HAS COMPLETED THEIR THIRD FOSTER HOME ON CAMPUS ALLOWING CHILDREN TO LIVE AND GROW IN A FAMILY ATMOSPHERE OF SUPPORT AND LOVE. WE HAVE COMPLETED 75% OF CONSTRUCTION ON THREE TINY HOMES FOR OUR TRANSITIONAL YOUNG ADULTS. WE TOOK ALL OUR CHILDREN AND YOUNG ADULTS TO THE DENTIST FOR CLEANINGS. LAUGH OUT LOUD IS THE ONLY CHILDREN'S HOME IN SOUTHERN BELIZE. IT IS COMPLETELY SUPPORTED AND OPERATED BY DONATIONS AND VOLUNTEERS. THIS GOODNESS AND GENEROSITY HAVE ALLOWED US TO PROVIDE FOOD, SHELTER, MEDICAL AND DENTAL CARE, EDUCATION AND MOST OF ALL LOVING SUPPORT TO THE CHILDREN PLACED IN OUR CARE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jervis Fisher President | OfficerTrustee | 60 | $7,000 |
Melissa Fisher Vice President | OfficerTrustee | 60 | $6,000 |
Chelsea Horner Secretary | OfficerTrustee | 0 | $0 |
Roy Linfield Treasurer | OfficerTrustee | 0 | $0 |
Patricia Fancher Director | Trustee | 0 | $0 |
Zac Horner Director | Trustee | 0 | $0 |
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 | $410,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,821 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $410,826 |
| 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. | $13,000 |
| Compensation of current officers, directors, key employees. | $1,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,902 |
| Payroll taxes | $7,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,576 |
| Advertising and promotion | $3,841 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,218 |
| Travel | $10,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,133 |
| Insurance | $0 |
| All other expenses | $79,060 |
| Total functional expenses | $494,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $574,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $718,012 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,528 |
| Total liabilities | $20,528 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $697,484 |
| Total liabilities and net assets/fund balances | $718,012 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Laugh Out Loud Ministry Inc has recieved totaling $29,457.
| Awarding Organization | Amount |
|---|---|
Gillman And Lavon Hill Family Foundation Morrison, CO PURPOSE: MINISTRY SUPPORT | $21,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $707 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Living Neighborhoods Englewood, CO | $224,341,637 | $68,240,806 |
Andrew Wommack Ministries Inc Woodland Park, CO | $3,718,119 | $49,366,853 |
Frontiers Usa Phoenix, AZ | $21,110,620 | $36,556,098 |
Greater Europe Mission Monument, CO | $16,565,205 | $26,305,521 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Biblica Inc Colorado Springs, CO | $12,948,977 | $27,586,140 |
Health Ministries Clinic Inc Newton, KS | $19,446,224 | $22,871,961 |
Foundation For A Christian Civilization Inc Rossville, KS | $19,284,785 | $19,952,584 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Community Bible Study Colorado Springs, CO | $19,076,306 | $12,975,441 |
Cadence International Englewood, CO | $9,762,190 | $12,602,895 |
Youth For Christ International Ministries Englewood, CO | $7,359,781 | $13,249,220 |