Target One Ministries Inc
- Assets
- $524.5k
- Revenue
- $136.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Roaring Spring, PA
- Founding
- 12/2010
- Data as of
- 06/2021
- EIN
- 27-2828582
Organization Overview
Target One Ministries Inc is located in Roaring Spring, PA. The organization was established in 2010. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2022, Target One Ministries Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Target One 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 06/2021, Target One Ministries Inc generated $136.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $82.8k during the year ending 06/2021. While expenses have increased by 1.0% 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 ENCOURAGE AND TRAIN INDIVIDUALS IN CHRISTIAN PRINCIPLES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TARGET ONE HAS MADE IMPROVED ITS YOUTH SHED AND UPGRADED WITH PAINT THE BUILDING WHERE CONTINUED WORSHIP AND SERVICES TO THE PUBLIC AND CONGREGATION TAKE PLACE. TARGET ONE HAS ALSO REMODELED THE INTERIOR OFFICE WHERE THE BOARD MEMBERS HAVE A PLACE TO MEET AND PERFORM ADMINISTRATIVE DUTIES FOR THE PURPOSE OF BENEFITING THE CONGREGATION AND WORSHIPERS IN THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Gonsman Vice President | OfficerTrustee | 5 | $0 |
J Raymond Fletcher Jr Treasurer | OfficerTrustee | 5 | $0 |
James Gregg Board Member | OfficerTrustee | 0 | $0 |
Joe Amick Board Member | Officer | 2 | $0 |
Fred Gonsman Board Member | Officer | 2 | $0 |
Philip Waite President | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,228 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,228 |
| 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. | $17,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,937 |
| Insurance | $3,063 |
| All other expenses | $0 |
| Total functional expenses | $82,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,642 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $524,485 |
| Accounts payable and accrued expenses | $2,543 |
| 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 | $189,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $192,243 |
| 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 | $332,242 |
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