Virtue House Ministries Inc
- Assets
- $487.9k
- Revenue
- $540.5k
- Investments
- $0.0
- Employees
- 43
- Location
- Louisville, IL
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 26-0416039
Organization Overview
Virtue House Ministries Inc is located in Louisville, IL. The organization was established in 2008. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 12/2021, Virtue House Ministries Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtue House Ministries 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, Virtue House Ministries Inc generated $540.5k in total revenue. All expenses for the organization totaled $547.4k during the year ending 12/2021. While expenses have increased by 84.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE AN ALTERNATIVE EDUCATION PROGRAM FOR CHILDREN IN PRESCHOOL THROUGH GRADE TWELVE LOCATED WITHIN AND NEAR THE AREA OF LOUISVILLE, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: A CHRISTIAN ACADEMY PROVIDING A CHRIST CENTERED CHRISTIAN EDUCATION CURRICULUM FOR CHILDREN IN PRESCHOOL THROUGH GRADE TWELVE. THERE WERE 140 STUDENTS ENROLLED DURING THE 2020-2021 SCHOOL YEAR. THERE WERE APPROXIMATELY 97 VOLUNTEERS WITH 1,010 VOLUNTEER HOURS DOCUMENTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Billingsley Director | Trustee | 50 | $41,083 |
Julie Barbee Director | Trustee | 50 | $24,333 |
Chloe Rice Secretary/treasurer | OfficerTrustee | 40 | $18,667 |
Matthew Shelton Vice-President | OfficerTrustee | 60 | $0 |
Abigail Shelton President | OfficerTrustee | 60 | $0 |
Josie Piperakis Secretary/treasurer | OfficerTrustee | 40 | $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 | $109,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,331 |
| Total Program Service Revenue | $389,380 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,745 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,662 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,083 |
| Compensation of current officers, directors, key employees. | $18,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $448 |
| Payroll taxes | $25,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,026 |
| Office expenses | $5,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,414 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,892 |
| Insurance | $15,621 |
| All other expenses | $52,652 |
| Total functional expenses | $547,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $629 |
| 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 | $397,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $487,922 |
| Accounts payable and accrued expenses | $7,060 |
| 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 | $373,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $380,500 |
| Net assets without donor restrictions | $107,422 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $487,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Evangelism Fellowship Inc Warrenton, MO | $17,855,849 | $20,135,294 |
Christ In Youth Inc Joplin, MO | $5,769,292 | $15,138,357 |
Jewish Council For Youth Services Chicago, IL | $18,772,118 | $13,722,836 |
K-Life Ministries Branson, MO | $9,049,430 | $7,420,535 |
People Of Praise Inc South Bend, IN | $18,737,692 | $5,092,243 |
Mission Quest Chicago, IL | $1,422,401 | $3,417,820 |
Youth For Christ Usa Inc Fort Wayne, IN | $4,583,229 | $3,052,119 |
Youth For Christ Usa Inc Bluffton, IN | $549,267 | $1,792,596 |
Youth For Christ Usa Inc Bourbonnais, IL | $1,048,102 | $1,976,019 |
Center For Self Sufficiency Inc Milwaukee, WI | $659,812 | $1,378,661 |
Youth For Christ Usa Inc Peoria, IL | $412,178 | $1,450,987 |
Boys And Girls Club Of The Wisconsin Rapids Area Inc Wisconsin Rapids, WI | $6,411,201 | $6,930,504 |