Macedonian Ministry Foundation Inc
- Assets
- $5.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Kennesaw, GA
- Founding
- 06/2014
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Macedonian Ministry Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 5 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
2022
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 |
|---|---|---|---|
Tom Cousins Chair | OfficerTrustee | 1 | $0 |
Sam Reeves Director | Trustee | 1 | $0 |
Jim Unruh Director | Trustee | 1 | $0 |
Mike Goodrich Director | Trustee | 1 | $0 |
Elisha Wilbert Mccall Jr Director | Trustee | 1 | $3,500 |
Mark Ramsey Executive Director | Officer | 40 | $179,065 |
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 | $2,689,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,689,762 |
| Total Program Service Revenue | $26,397 |
| Investment income | $126,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,767 |
| 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 | $2,851,896 |
| 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. | $553,927 |
| Compensation of current officers, directors, key employees. | $204,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,296 |
| Pension plan accruals and contributions | $41,724 |
| Other employee benefits | $65,264 |
| Payroll taxes | $25,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,446 |
| Fees for services: Accounting | $81,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $412,747 |
| Advertising and promotion | $7,365 |
| Office expenses | $11,098 |
| Information technology | $40,464 |
| Royalties | $0 |
| Occupancy | $7,317 |
| Travel | $696,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $474 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,580 |
| Insurance | $13,333 |
| All other expenses | $2,300 |
| Total functional expenses | $2,611,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,776,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $572,400 |
| Accounts receivable, net | $6,000 |
| 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 | $30,363 |
| Net Land, buildings, and equipment | $4,072 |
| Investments—publicly traded securities | $3,073,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,462,472 |
| Accounts payable and accrued expenses | $39,589 |
| Grants payable | $0 |
| Deferred revenue | $424,101 |
| 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 | $463,690 |
| Net assets without donor restrictions | $4,574,183 |
| Net assets with donor restrictions | $424,599 |
| 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 | $5,462,472 |
Grants Awarded
Over the last fiscal year, Macedonian Ministry Foundation Inc has awarded $17,423 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DREW CHARTER SCHOOL PURPOSE: GENERAL SUPPORT | $4,471 |
PURPOSE BUILT COMMUNITIES FOUNDATION PURPOSE: GENERAL SUPPORT | $12,952 |