Catalyst Ministries Inc
- Assets
- $106.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach Shores, FL
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-3000149
Organization Overview
Catalyst Ministries Inc is located in Daytona Beach Shores, FL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Ministries 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, Catalyst Ministries Inc generated $106.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $67.5k during the year ending 12/2022. While expenses have increased by 2.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MALACHI DADS--A FATHERING DISCIPLESHIP MINISTRY AIMED AT RECONCILING AND RESTORING THE RELATIONSHIP BETWEEN THE INMATE FATHER AND HIS CHILDREN. HANNAH'S GIFT--THE ORGANIZATION TEACHES INCARCERATED MOTHERS TO FOSTER A HEALTHY RELATIONSHIP WITH THEIR CHILDREN, WHILE TAKING THE STEPS NECESSARY TO PREPARE THEMSELVES TO BUILD HEALTHY FAMILY STRUCTURES UPON RELEASE. DISCIPLESHIP INITIATIVE--BIBLE BASED PROGRAMS ARE AIMED AT SPIRITUAL GROWTH AND PRACTICAL APPLICATION. FACADE UPGRADE--INMATE REENTRY WORK PROVIDED FOR COSMETIC UPGRADES TO HOUSES ON WESTSIDE HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Sutphin II President | 1 | $0 | |
Terry Mayhew Vice Preside | 1 | $0 | |
Errol Randle Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,685 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,685 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $995 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $66,495 |
| Total expenses | $67,490 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,946 |
| Other assets | $0 |
| Total assets | $106,507 |
| Total liabilities | $0 |
| Net assets or fund balances | $106,507 |