Heart Ministries Inc
- Assets
- $1.6m
- Revenue
- $974.2k
- Investments
- $0.0
- Employees
- 29
- Location
- Hutchinson, KS
- Founding
- 03/1972
- Data as of
- 12/2022
- EIN
- 48-0794854
Organization Overview
Heart Ministries Inc, operating under the name Victory Village, is located in Hutchinson, KS. The organization was established in 1972. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Victory Village employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Village 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, Victory Village generated $974.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $962.5k during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 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
TO PROVIDE A LOVING, CHRISTIAN HOME ENVIRONMENT FOR TROUBLED GIRLS SO THAT THEY CAN DEVLOP SOCIALLY AND EMOTIONALLY WHILE GETTING AN EXCELLENT EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES ARE ALL COMBINED. HEART MINISTRIES PROVIDES A STRUCTURAL FAMILY LIFESTYLE DEMONSTRATING CHRISTIAN PRINCIPLES. THE GIRLS PARTICIPATE IN COMMUNITY EVENTS BUT ATTEND OUR PRIVATE SCHOOL WHERE EACH IS ENCOURAGED TO EXCELL AT HER OWN INDIVIDUAL LEVEL. A HOME ENVIRONMENT IS PROVIDED WHERE THEY STUDY, EAT, SLEEP AND HELP WITH CHORES ASOCIATED WITH FAMILY LIVING. THEY ARE ALSO GIVEN THE OPPORTUNITY TO HELP GROW THEIR OWN FOOD AND CARE FOR PETS. ALL THE GIRLS HAVE HAD PROBLEMS - SOCIAL, EDUCATIONAL OR EMOTIONAL. BOYS ARE ALLOWED TO ATTEND SCHOOL BUT DO NOT LIVE ON THE PREMISES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Cowell President | Officer | 40 | $21,200 |
Carole Cowell Secretary | Officer | 40 | $15,900 |
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 | $974,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $974,065 |
| Total Program Service Revenue | $0 |
| Investment income | $118 |
| 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 | $974,183 |
| 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. | $37,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,255 |
| Office expenses | $10,696 |
| Information technology | $2,102 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,351 |
| Insurance | $23,807 |
| All other expenses | $8,274 |
| Total functional expenses | $962,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$302 |
| Savings and temporary cash investments | $3,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,599,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,603,079 |
| Accounts payable and accrued expenses | $0 |
| 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 | $156,814 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $15,770 |
| Other liabilities | $3,103 |
| Total liabilities | $175,687 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,427,392 |
| 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 | $1,603,079 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heart Ministries Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Paul Ross Charitable Foundation Wichita, KS PURPOSE: UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Valor Christian Schools Highlands Ranch, CO | $100,135,509 | $35,639,062 |
Graland Country Day Denver, CO | $34,468,964 | $24,500,410 |
Peak To Peak Charter Schools Inc Lafayette, CO | $45,135,822 | $22,203,170 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
University Academy Kansas City, MO | $4,761,090 | $14,511,451 |
Missouri Military Academy Mexico, MO | $77,413,966 | $15,231,953 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |