Peninsula Rescue Mission Inc
- Assets
- $3.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Newport News, VA
- Founding
- 08/1972
- Data as of
- 12/2022
- EIN
- 54-0901386
Organization Overview
Peninsula Rescue Mission Inc is located in Newport News, VA. The organization was established in 1972. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Peninsula Rescue Mission Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Rescue Mission 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, Peninsula Rescue Mission Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 7.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOMELESS SHELTER FOR MEN; WORK REHABILITATION PROGRAM FOR HOMELESS MEN; GOSPEL MINISTRY AND AID TO NEEDY FAMILIES BY PROVIDING CLOTHING, FURNITURE, UTILITES OR RENT ASSISTANCE; 2-WEEK SUMMER CAMP FOR UNDERPRIVILIGED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING AND LODGING OF HOMELESS MEN; WORK REHABILITATION PROGRAM FOR HOMELESS MEN; GOSPEL MINISTRY AND AID TO NEEDY FAMILIES BY PROVIDING CLOTHING, FURNITURE, UTILITIES OR RENT ASSISTANCE.
THRIFT STORE OPERATIONS SERVING THE MINISTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Orr Director | Trustee | 1 | $0 |
Joe Donatelli Director | Trustee | 1 | $0 |
Marlene Mallory Director | Trustee | 1 | $0 |
Ben Rich Director | Trustee | 1 | $0 |
Norman Ingram Director | Trustee | 1 | $0 |
Joshua Piper Director | Trustee | 1 | $0 |
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 | $1,242,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,242,357 |
| Total Program Service Revenue | $261,811 |
| Investment income | $43,649 |
| 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 | $1,555,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,506 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $488,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,116 |
| Payroll taxes | $34,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,600 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $109,340 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,109 |
| Travel | $2,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,186 |
| Insurance | $17,655 |
| All other expenses | $113,105 |
| Total functional expenses | $1,289,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,126,918 |
| Savings and temporary cash investments | $0 |
| 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 | $603,408 |
| Investments—publicly traded securities | $1,700,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,155 |
| Total assets | $3,477,055 |
| Accounts payable and accrued expenses | $10,035 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,035 |
| Net assets without donor restrictions | $3,293,706 |
| Net assets with donor restrictions | $173,314 |
| 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 | $3,477,055 |
Grants Awarded
Over the last fiscal year, Peninsula Rescue Mission Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE EDGE CHRISTIAN CAMP PURPOSE: To assist ministry in need during COVID | $25,000 |
YOUTH CHALLENGE OF HAMPTON ROADS PURPOSE: To assist ministry in need during COVID | $5,000 |