Restore Ministries Inc
- Assets
- $106.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elizabeth, NJ
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 52-1922292
Organization Overview
Restore Ministries Inc is located in Elizabeth, NJ. The organization was established in 1995. 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. Restore 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 12/2021, Restore Ministries Inc generated $172.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $177.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES TRAINING PROGRAMS, SERVICE PROJECTS AND CULTURAL PROGRAMS TO URBAN YOUTH WHO ARE AT RISK AT NOT COMPLETING SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linwood Bagby Trustee | 40 | $25,503 | |
Marylou Spohr President | 3 | $0 | |
Thomas K Bagby Treasurer & | 20 | $0 | |
Angela Hargrove Trustee & Se | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,999 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $819 |
| Other Revenue | $0 |
| Total Revenue | $172,818 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $102,727 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $697 |
| Other expenses | $73,691 |
| Total expenses | $177,115 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,223 |
| Other assets | $0 |
| Total assets | $106,223 |
| Total liabilities | $90,570 |
| Net assets or fund balances | $15,653 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Restore Ministries Inc has recieved totaling $14,360.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $8,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,860 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |
Infaith Exton, PA | $8,050,176 | $8,512,203 |
Faith And Liberty Discovery Center Llc Philadelphia, PA | $52,138,123 | $36,453,224 |
The Lehigh Conference Of Churches Allentown, PA | $5,159,637 | $6,852,485 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |