United Faith Ministries Inc
- Assets
- $10.8m
- Revenue
- $50.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Norfolk, VA
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 36-4948535
Organization Overview
United Faith Ministries Inc is located in Norfolk, VA. The organization was established in 2019. 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, United Faith Ministries Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Faith 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITED FAITH MINISTRIES INC. IS A NOT-FOR-PROFIT HEALTH CARE SHARING MINISTRY. IN GENERAL, A HEALTH CARE SHARING MINISTRY IS A TAX-EXEMPT ORGANIZATION WHOSE MEMBERS SHARE A COMMON SET OF ETHICAL OR RELIGIOUS BELIEFS AND SHARE MEDICAL EXPENSES IN ACCORDANCE WITH THOSE BELIEFS, EVEN AFTER A MEMBER DEVELOPS A MEDICAL CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED FAITH MINISTRIES INC. IS A NOT-FOR-PROFIT HEALTH CARE SHARING MINISTRY. IN GENERAL, A HEALTH CARE SHARING MINISTRY IS A TAX-EXEMPT ORGANIZATION WHOSE MEMBERS SHARE A COMMON SET OF ETHICAL OR RELIGIOUS BELIEFS AND SHARE MEDICAL EXPENSES IN ACCORDANCE WITH THOSE BELIEFS, EVEN AFTER A MEMBER DEVELOPS A MEDICAL CONDITION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Jin President/ceo | OfficerTrustee | 40 | $277,500 |
Jason E Prater Sr. Program Mgr | 40 | $108,352 | |
Andrew Downer Bus. Analyst | Trustee | 40 | $82,916 |
David Kim Director | Trustee | 0 | $0 |
James Grass Director | Trustee | 0 | $0 |
Steven Lentz Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthrive Tpa/marketing/admin Serv. | 12/30/21 | $48,381,023 |
Dream4th Marketing Advertising & Marketing | 12/30/21 | $4,638,670 |
Cvscaremark Pharmacy Medical Mgt. | 12/30/21 | $360,283 |
Cliq Llc Merchant Processing Serv. | 12/30/21 | $467,484 |
Go Daddy Web Hosting/domain Regis. | 12/30/21 | $280,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $49,996,148 |
| Investment income | $108,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,029,760 |
| 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. | $277,500 |
| Compensation of current officers, directors, key employees. | $83,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $394,676 |
| Pension plan accruals and contributions | $7,961 |
| Other employee benefits | $32,703 |
| Payroll taxes | $45,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $270,394 |
| 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 | $553,125 |
| Advertising and promotion | $0 |
| Office expenses | $22,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,302 |
| Travel | $70,875 |
| 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 | $58,169 |
| Insurance | $0 |
| All other expenses | $7,996,714 |
| Total functional expenses | $52,435,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,494,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,743 |
| 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 | $32,904 |
| Net Land, buildings, and equipment | $177,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,805,826 |
| Accounts payable and accrued expenses | $4,557,050 |
| Grants payable | $0 |
| Deferred revenue | $4,146,512 |
| 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 | $0 |
| Total liabilities | $8,703,562 |
| 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 | $2,102,264 |
| Total liabilities and net assets/fund balances | $10,805,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United Faith Ministries Inc has recieved totaling $9,393.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Sat-7 North America Easton, MD | $8,795,990 | $14,809,049 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |