Life Transforming Ministries
- Assets
- $397.2k
- Revenue
- $454.9k
- Investments
- $3.2k
- Employees
- 10
- Location
- Coatesville, PA
- Founding
- 05/1999
- Data as of
- 12/2020
- EIN
- 23-2989224
Organization Overview
Life Transforming Ministries is located in Coatesville, PA. The organization was established in 1999. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Life Transforming Ministries employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Transforming Ministries 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 12/2020, Life Transforming Ministries generated $454.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $406.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK IN AN ADVISORY NETWORK CAPACITY WITH CHURCHES AND GOVERNMENT IN AND AROUND THE CITY OF COATESVILLE, PA TO BRING ABOUT RECONCILIATION AND UNITY THROUGH A CHRIST-LIKE SERVANTHOOD AND HUMILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VITA FREE TAX PREPARATION ASSISTANCE TO LOW AND MODERATE INCOME HOUSEHOLDS WHO FILE BASIC RETURNS INCLUDING PERSONS WITH DISABILITIES, LIMITED ENGLISH PROFICIENCY, FAMILIES AND OLDER TAXPAYERS.
COATESVILLE NEW MORNINGS PROVIDING ASSISTANCE TO INDIVIDUALS BEING RELEASED FROM COUNTY PRISON. TRAINING AND CASEWORKER PROVIDED FOR SUCCESSFUL RETURN TO COMMUNITY.
HARCUM COLLEGE/I-LEAD PARTNERSHIP WITH HARCUM COLLEGE AND INSTITUTE FOR LEADERSHIP EDUCATION, ADVANCEMENT, AND DEVELOPMENT, INC. TO BRING AN ACCREDITED COLLEGE PROGRAM TO THE CITY OF COATESVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Shaw Executive Di | Officer | 40 | $62,000 |
Kevin Hunt Board Member | Trustee | 1 | $0 |
Daniel Wagner Board Member | Trustee | 1 | $0 |
Bill Gensel Board Member | Trustee | 1 | $0 |
Scott Feather Board Member | Trustee | 1 | $0 |
Robert Garrett Jr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,878 |
| Investment income | $1,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,560 |
| 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 | $454,919 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,658 |
| Payroll taxes | $15,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,369 |
| Advertising and promotion | $249 |
| Office expenses | $15,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,109 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,175 |
| Insurance | $8,224 |
| All other expenses | $0 |
| Total functional expenses | $406,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,175 |
| Savings and temporary cash investments | $35,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,835 |
| 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 | $351 |
| Investments—publicly traded securities | $7,205 |
| Investments—other securities | $3,187 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $397,161 |
| Accounts payable and accrued expenses | $6,161 |
| 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 | $30,652 |
| Other liabilities | $0 |
| Total liabilities | $36,813 |
| 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 |
| Total liabilities and net assets/fund balances | $360,348 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Life Transforming Ministries has recieved totaling $36,745.
| Awarding Organization | Amount |
|---|---|
The Coatesville Evangelical Christian Foundation Elverson, PA PURPOSE: SUPPORT OF CHRISTIAN MISSIONS | $36,745 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jericho Road Ministries Buffalo, NY | $18,205,160 | $33,426,407 |
Lutheran Metropolitan Ministry Cleveland, OH | $18,738,675 | $17,759,604 |
Allegheny Christian Ministries Inc Davidsville, PA | $38,200,774 | $15,292,009 |
Interfaith Works Inc Rockville, MD | $3,434,731 | $16,207,843 |
Diakon Topton, PA | $25,282,356 | $12,688,159 |
Shalom Ministries International Inc Dublin, OH | $25,383,102 | $20,342,961 |
Gateways Organization Inc Monsey, NY | $26,241,298 | $11,762,904 |
Disciplemakers Inc State College, PA | $2,971,948 | $5,867,999 |
Cleveland Christian Home Inc Cleveland, OH | $9,204,950 | $4,752,818 |
St Luke Lutheran Community Portage Lakes North Canton, OH | $4,808,544 | $3,061,019 |
Reaching Above Hopelessness And Brokenness Ministries Inc Canton, OH | $2,291,437 | $3,403,692 |
Lutheran Church In America Lutheran Social Services Of Northwestern Oh Toledo, OH | $5,710,992 | $3,245,604 |