Abundant Life Ministry
- Assets
- $659.7k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 99
- Location
- Milwaukee, WI
- Founding
- 06/2002
- Data as of
- 01/2024
- EIN
- 39-1906358
Organization Overview
Abundant Life Ministry is located in Milwaukee, WI. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 01/2024, Abundant Life Ministry employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abundant Life Ministry 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 01/2024, Abundant Life Ministry generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.7m during the year ending 01/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A STABLE HOME AND LIFE CARE ENVIRONMENT FOR ADULTS WITH COGNITIVE AND/OR BEHAVIORAL HEALTH ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES IN MILWAUKEE AND WAUWATOSA, WISCONSIN TO PROVIDE OLDER ADULTS WITH COGNITIVE AND/OR BEHAVIORAL HEALTH ISSUES A STABLE HOME AND LIFE CARE ENVIRONMENT WITH A TREATMENT PLAN TO ACHIEVE THEIR FULL POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Sprenger President | OfficerTrustee | 1 | $0 |
Sally Sprenger Vice Preside | OfficerTrustee | 10 | $440 |
Susan Wielenbeck Treas | OfficerTrustee | 40 | $0 |
Marjorie Gleeson Executive Di | Officer | 40 | $32,601 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,263,072 |
| All other contributions, gifts, grants, and similar amounts not included above | $118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,263,190 |
| Total Program Service Revenue | $1,238,762 |
| Investment income | $7,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$48,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,461,252 |
| 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. | $32,601 |
| Compensation of current officers, directors, key employees. | $16,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,381,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,641 |
| Payroll taxes | $115,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,688 |
| Fees for services: Other | $209,390 |
| Advertising and promotion | $0 |
| Office expenses | $1,614 |
| Information technology | $7,267 |
| Royalties | $0 |
| Occupancy | $423,085 |
| Travel | $0 |
| 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 | $21,114 |
| Insurance | $81,295 |
| All other expenses | $24,488 |
| Total functional expenses | $2,650,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $204,446 |
| 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 | $34,373 |
| Net Land, buildings, and equipment | $135,863 |
| Investments—publicly traded securities | $49,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,749 |
| Accounts payable and accrued expenses | $1,225 |
| 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 | $131,596 |
| Total liabilities | $132,821 |
| Net assets without donor restrictions | $526,928 |
| 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 | $659,749 |