Faith Outreach Ministries
- Assets
- $67.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 01/1980
- Data as of
- 12/2020
- EIN
- 42-1518034
Organization Overview
Faith Outreach Ministries is located in Cedar Rapids, IA. The organization was established in 1980. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Faith Outreach Ministries 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 12/2020, Faith Outreach Ministries generated $44.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $40.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Russell President | 40 | $30,000 | |
Ronald D Thatcher Vice Preside | 0.5 | $0 | |
Jeanne A Russell Secretary/tr | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,329 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $77 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,406 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,000 |
| Professional fees and other payments to independent contractors | $1,006 |
| Occupancy, rent, utilities, and maintenance | $390 |
| Printing, publications, postage, and shipping | $981 |
| Other expenses | $8,168 |
| Total expenses | $40,545 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,793 |
| Other assets | $0 |
| Total assets | $67,793 |
| Total liabilities | $0 |
| Net assets or fund balances | $67,793 |