Restoring The Soul Inc
- Assets
- $365.7k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Lakewood, CO
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 42-1560993
Organization Overview
Restoring The Soul Inc is located in Lakewood, CO. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Restoring The Soul Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoring The Soul 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 12/2023, Restoring The Soul Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 17.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A CHRISTIAN MINISTRY WHOSE PURPOSE IS TO SERVE LOCAL CHURCHES THROUGH THE "CARE OF SOULS" USING THE MAIN AVENUES OF PASTORAL COUNSELING, MENTORING, TEACHING AND TRAINING, AND DEVELOPING WRITTEN CURRICULUM WHICH WILL LEAD OTHERS TO EMOTIONAL HEALING AND WHOLENESS.1. THE ORGANIZATION WILL PROVIDE INTENSIVES TO ALLOW FOR COUPLES AND INDIVIDUALS TO COME TO DENVER, COLORADO, AND RECEIVE INTENSIVE DAILY SPIRITUAL CARE. DURING THESE TIMES, INDIVIDUALS RECEIVE TEACHING, COUNSELING, PRAYER, AND SPIRITUAL CARE TO BE RENEWED, RESTORED, AND REVIVED. THE FOLLOWING INTENSIVES ARE OFFERED: A. SPIRITUAL DIRECTION INTENSIVES - ONE WEEK (15-20 HOURS) RETREAT/EDUCATIONAL EXPERIENCE DESIGNED TO PROVIDE SPIRITUAL CARE FOR CHRISTIAN LEADERS. THIS PROGRAM EMPHASIZES PREVENTION, WELLNESS, AND SPIRITUAL RENEWAL THROUGH PRAYER, MEDITATION, DEVOTIONAL READING AND INSTRUCTION, AND SPIRITUAL DIRECTION. B. SOUL CARE INTENSIVES - TWO WEEKS (30-35 HOURS) THIS TIME IS PROBLEM-FOCUSED AND EMPHASIZES
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 RESTORING THE SOUL, INC. COMPLETED 126 SOUL CARE INTENSIVES FOR COUPLES ANDINDIVIDUALS. OVER $320,000 WAS GIVEN IN SCHOLARSHIPS TO MANY OF THESE INDIVIDUALS,MANY OF WHOM ARE PASTORS, MISSIONARIES, AND CHRISTIAN/PARA-CHURCH LEADERS. RTS HADA TOTAL OF 7 LICENSED THERAPISTS AND 2.5 SUPPORT STAFF IN 2023. CONSTRUCTION ONEXPANSION IS IN PROGRESS AND HIRING FOR THERAPISTS AND SUPPORT STAFF CONTINUES.ADDITIONAL ACCOMPLISHMENTS INCLUDE RTS LAUNCHING ITS FIRST EVER WEEKEND FOR WOMENCALLED, ESSENCE, WHICH HOSTED 18 PARTICIPANTS, 8 STAFF, AND 6 VOLUNTEERS. THE RTS MEN'S INTENSIVE WEEKEND WAS OFFERED TWICE IN 2023 WITH 58 PARTICIPANTS, 48 STAFF, AND OVER 30 VOLUNTEERS. THE RESTORING THE SOUL POD CAST HAD LISTENERS IN OVER 150 COUNTRIES, WITH 441,000 DOWNLOADS IN 2023 WHICH IS UP FROM 300,000 DOWNLOADS IN 2022. ALL TIME DOWNLOADS HAVE ALMOST REACHED 2,280,000. RESTORING THE SOUL AVERAGES 1,200 PODCAST DOWNLOADS IN THE FIRST 24 HOURS, WHICH PUTS IT IN THE TOP 5% CATEGORY OF ALL PODCASTS!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cusick President | OfficerTrustee | 40 | $66,500 |
Julianne Cusick Secretary | OfficerTrustee | 40 | $81,500 |
Clint Johnson Director | OfficerTrustee | 0 | $0 |
David Lowe Treasurer | OfficerTrustee | 0 | $0 |
Heather Johnson Director | Trustee | 0 | $0 |
Jake Smith Director | Trustee | 0 | $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 | $216,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,208 |
| Total Program Service Revenue | $1,309,780 |
| Investment income | $2,884 |
| 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 | $1,528,872 |
| 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. | $300,000 |
| Compensation of current officers, directors, key employees. | $45,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $189,228 |
| Payroll taxes | $20,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,107 |
| Fees for services: Accounting | $36,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,434 |
| Advertising and promotion | $137,134 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,361 |
| 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 | $0 |
| Insurance | $7,345 |
| All other expenses | $49,005 |
| Total functional expenses | $1,511,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,778 |
| Savings and temporary cash investments | $126,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,200 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,340 |
| Total assets | $365,665 |
| Accounts payable and accrued expenses | $32,671 |
| 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 | $0 |
| Total liabilities | $32,671 |
| 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 | $332,994 |
| Total liabilities and net assets/fund balances | $365,665 |