Vital Ministries
- Assets
- $39.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oskaloosa, IA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-3444443
Organization Overview
Vital Ministries is located in Oskaloosa, IA. The organization was established in 2012. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Vital 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 12/2022, Vital Ministries generated $59.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $65.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE MINISTRY PREACHED THE MESSAGE OF SALVATION TO OVER 350 PEOPLE ON A MONTHLY BASIS, HELD A MAN'S DAY WITH OVER 750 ATTENDEES AND HELD VARIOUS OTHER SMALL GATHERINGS TO FURTHER THE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Sereg Secretary | 0 | $0 | |
Michael Sereg Director | 0 | $0 | |
Loren Van Wyk Director | 0 | $0 | |
Chuck Cunningham Jr Director | 0 | $0 | |
Steve Van Utrecht Director | 0 | $0 | |
Ed Sullivan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,468 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,498 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,506 |
| Professional fees and other payments to independent contractors | $6,778 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $78 |
| Other expenses | $27,704 |
| Total expenses | $65,266 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,110 |
| Other assets | $0 |
| Total assets | $39,657 |
| Total liabilities | $457 |
| Net assets or fund balances | $39,200 |