Vapor Ministries Inc
- Assets
- $7.6m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 133
- Location
- Sylacauga, AL
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-4463549
Organization Overview
Vapor Ministries Inc is located in Sylacauga, AL. The organization was established in 2009. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, Vapor Ministries Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vapor 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, Vapor Ministries Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 26.9% 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
ESTABLISH SUSTAINABLE CENTERS FOR ALLEVIATING POVERTY AND MULTIPLYING DISCIPLES IN THIRD-WORLD ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAPOR MINISTRIES, INC. MAKES GRANTS TO VAPOR SPORTS MINISTRIES, INC., A RELATED TAX EXEMPT CHARITABLE ORGANIZATION, WHICH OPERATES CENTERS FOR HUMANITARIAN AID AND DISCIPLE-MAKING THROUGH SPORTS-BASED OUTREACH. THESE CENTERS ARE LOCATED IN NAIROBI, KENYA; N'GONG, KENYA; TOGOVILLE, TOGO; DILAIRE, HAITI; AND QUANAMINTHE, HAITI. AT THESE CENTERS, VAPOR SPORTS MINISTRIES, INC. PROVIDES FULL-TIME JOBS FOR IMPOVERISHED INDIVIDUALS, PROVIDES IMPOVERISHED CHILDREN WITH FREE-OF-CHARGE MEMBERSHIPS IN SPORTS LEAGUES, SUPPLIES CRITICAL CARE HUMANITARIAN AID GRANTS AND SUPPLIES HIGH VOLUMES OF CLEAN WATER TO THESE COMMUNITIES.
THROUGH THE SALE OF DONATED, SECOND-HAND MERCHANDISE, VIA VAPOR THRIFT STORE, LLC, A SINGLE-MEMBER LLC OWNED BY VAPOR MINISTRIES, INC., RESOURCES ARE GENERATED TO FUND THE PROGRAM ACTIVITIES OF VAPOR MINISTRIES, INC.
CHILD SPONSORSHIP PROGRAM - VAPOR MINISTRIES, INC. FACILITATES THE EDUCATION (INCLUDING SUPPLING TUITION, BOOKS, AND SCHOOL UNIFORMS) AND PHYSICAL CARE OF CHILDREN VIA ITS CHILD SPONSORSHIP PROGRAM, BY PAIRING THOSE CHILDREN UP DIRECTLY WITH INTERESTED DONORS. COMMUNICATION DIRECTLY BETWEEN DONORS AND SPONSORED CHILDREN IS FACILITATED BY VAPOR MINISTRIES, INC. AS WELL. VAPOR MINISTRIES,INC. ALSO FACILITATES THE COLLEGE EDUCATION OF YOUNG ADULTS IN THE SAME WAY.
FACILITATE PUBLIC AND PRIVATE SHORT-TERM MISSION TRIPS TO PROGRAM CENTERS. EACH TRIP GUEST IS RESPONSIBLE FOR SUPPLYING FUNDS FOR THE TRIP, PLUS ADDITIONAL FUNDS TO COVER OVERHEAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Firth VP Donor Dev | Officer | 50 | $73,500 |
Jonathon Mcelveen Chief Exec O | OfficerTrustee | 60 | $60,000 |
Conor Gallagher Chief Oper O | Officer | 50 | $60,000 |
Brant Mcduffie Board Member | Trustee | 1 | $0 |
Shannon Lovejoy Board Member | Trustee | 1 | $0 |
Charlis Brock Board Member | Trustee | 1 | $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 | $8,970,716 |
| Noncash contributions included in lines 1a–1f | $3,038,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,970,716 |
| Total Program Service Revenue | $0 |
| Investment income | -$1,558 |
| 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 | $102,750 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,129,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,702,662 |
| 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. | $193,500 |
| Compensation of current officers, directors, key employees. | $92,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,498,637 |
| Pension plan accruals and contributions | $25,000 |
| Other employee benefits | $18,476 |
| Payroll taxes | $125,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $795 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,559 |
| Advertising and promotion | $443,576 |
| Office expenses | $162,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $570,721 |
| Travel | $220,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,995 |
| Insurance | $226,788 |
| All other expenses | $5,188 |
| Total functional expenses | $6,166,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,279,410 |
| Savings and temporary cash investments | $26,115 |
| Pledges and grants receivable | $154,387 |
| Accounts receivable, net | $26,492 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $276,065 |
| Prepaid expenses and deferred charges | $192,819 |
| Net Land, buildings, and equipment | $1,626,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $67,880 |
| Intangible assets | $0 |
| Other assets | $48 |
| Total assets | $7,649,507 |
| Accounts payable and accrued expenses | $154,481 |
| 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 | $127,885 |
| Total liabilities | $282,366 |
| Net assets without donor restrictions | $3,554,160 |
| Net assets with donor restrictions | $3,812,981 |
| 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 | $7,649,507 |
Grants Awarded
Over the last fiscal year, Vapor Ministries Inc has awarded $215,785 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: CHURCH PLANTING. PART OF A REQUIREMENT FOR CHURCHES THAT ARE PLANTED IS TO SUPPORT MISSION WORK IN POOR PARTS OF THE WORLD. | $120,000 |
Sylacauga, AL PURPOSE: ESTABLISH SELF-SUSTAINING CENTERS FOR HUMANITARIAN AID AND DISCIPLE MAKING IN THIRD-WORLD ENVIRONMENTS. | $68,876 |
Birmingham, AL PURPOSE: FUND FOUNDATION'S EFFORT TO PARTICIPATE IN POVERTY ALLEVIATION AND DISCIPLE MAKING EFFORTS IN THIRD WORLD ENVIRONMENTS. | $26,909 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Vapor Ministries Inc has recieved totaling $1,461,317.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $1,205,799 |
Live Love Serve Foundation Charlotte, NC PURPOSE: GENERAL SUPPORT | $100,000 |
Splawn Family Foundation Birmingham, AL PURPOSE: CHARITABLE DONATION | $75,000 |
Milagros Foundation Mckinney, TX PURPOSE: SCHOLARSHIP AND DISCIPLESHIP TRAINING FOR STUDENTS IN HAITI, KENYA, AND TOGO | $70,501 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Heights Charter School Inc Atlanta, GA | $3,131,172 | $9,104,979 |
Vapor Ministries Inc Sylacauga, AL | $7,649,507 | $9,129,570 |
Poverello Center Inc Wilton Manors, FL | $4,969,288 | $2,314,120 |
The Clothes Less Traveled Thrift Shop Inc Peachtree City, GA | $1,330,927 | $1,604,886 |
Hand Up Inc Calhoun, GA | $1,679,036 | $1,708,856 |
Asbury Thrift Store Inc Madison, AL | $2,796,336 | $1,602,848 |
North Brevard Charities Sharing Center Inc Titusville, FL | $3,289,174 | $967,626 |
We Care Community Services Inc Dayton, TN | $2,321,590 | $1,212,770 |
Good Neighbors Thrift Shop Inc Lenoir City, TN | $1,316,271 | $1,004,712 |
Because He Lives Ministry Inc Hazlehurst, GA | $190,247 | $766,611 |
Society Of St Vincent De Paul Council Of Pensacola-Tallahassee Penacola, FL | $605,196 | $751,620 |
One Roof Ecumenical Allianceoutreach Incorporation Newnan, GA | $675,367 | $918,946 |