Macedonian Ministry Foundation Inc
- Assets
- $6.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Kennesaw, GA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 45-5069917
Organization Overview
Macedonian Ministry Foundation Inc is located in Kennesaw, GA. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Macedonian Ministry Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macedonian Ministry Foundation 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 12/2021, Macedonian Ministry Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED & OPERATED TO PROMOTE THE REVITALIZATION OF MAINLINE PROTESTANT CONGREGATIONS & COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OF "COHORTS" THAT MEET MONTHLY, UNDER THE GUIDANCE OF A TRAINED MENTOR, TO STUDY BEST PRACTICIES IN CHURCH RENEWAL AND TO PROVIDE MUTUAL SUPPORT. DEVELOPMENT AND IMPLEMENTATION OF A CURRICULUM FOR MEETINGS THAT FOCUSES ON LEADERSHIP. CONDUCT OF "NEXT LEVEL SEMINARS" FOR PASTORS AND LAY LEADERS TO ATTEND TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ramsey Executive Director | Officer | 40 | $230,335 |
Laura Whitaker Director Of Operations | Officer | 40 | $168,248 |
Adam Borneman Program Director | 40 | $104,315 | |
Will Mccall Director | Trustee | 0.01 | $1,000 |
Tom Cousins Chair | OfficerTrustee | 0.01 | $0 |
Jim Unruh Director | Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,770 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,996,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,084,930 |
| Total Program Service Revenue | $0 |
| Investment income | $103,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,548 |
| 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 | $2,277,556 |
| 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. | $455,121 |
| Compensation of current officers, directors, key employees. | $159,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,161 |
| Pension plan accruals and contributions | $79,775 |
| Other employee benefits | $61,428 |
| Payroll taxes | $24,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $493 |
| Fees for services: Accounting | $60,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $353,630 |
| Advertising and promotion | $7,795 |
| Office expenses | $13,177 |
| Information technology | $26,479 |
| Royalties | $0 |
| Occupancy | $77,671 |
| Travel | $162,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,324 |
| Insurance | $12,594 |
| All other expenses | $0 |
| Total functional expenses | $1,980,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,809,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $922,950 |
| Accounts receivable, net | $9,000 |
| 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 | $17,406 |
| Net Land, buildings, and equipment | $1,695 |
| Investments—publicly traded securities | $3,254,085 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,014,991 |
| Accounts payable and accrued expenses | $18,717 |
| Grants payable | $0 |
| Deferred revenue | $930,697 |
| 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 | $949,414 |
| Net assets without donor restrictions | $4,332,703 |
| Net assets with donor restrictions | $732,874 |
| 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 | $6,014,991 |
Grants Awarded
Over the last fiscal year, Macedonian Ministry Foundation Inc has awarded $17,423 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: GENERAL SUPPORT | $12,952 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $4,471 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Macedonian Ministry Foundation Inc has recieved totaling $850,000.
| Awarding Organization | Amount |
|---|---|
Cf Foundation Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $850,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ For All Nations Orlando, FL | $10,548,183 | $19,908,436 |
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
United Against Poverty Inc Vero Beach, FL | $21,479,964 | $11,068,487 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Campus Outreach Serve Inc Hoover, AL | $4,070,578 | $8,268,154 |
Intend Ministries Murfreesboro, TN | $2,990,387 | $7,592,867 |
Third Millennium Ministries Inc Casselberry, FL | $8,248,500 | $7,349,091 |
Suncoast Haven Of Rest Rescue Mission Inc Pinellas Park, FL | $540,922 | $5,432,743 |