Lake Christian Ministries Inc
- Assets
- $1.1m
- Revenue
- $722.4k
- Investments
- $50.2k
- Employees
- 4
- Location
- Moneta, VA
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 54-2034650
Organization Overview
Lake Christian Ministries Inc is located in Moneta, VA. The organization was established in 2001. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Lake Christian Ministries Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Christian 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, Lake Christian Ministries Inc generated $722.4k 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 $576.4k during the year ending 12/2021. While expenses have increased by 8.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE, CONDUCT, SUPPORT AND PROMOTE BENEVOLENT ACTIVITIES TO SELECTED RESIDENTS OF THE SMITH MOUNTAIN LAKE, VIRGINIA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION AND CONDUCT OF BENEVOLENT ACTIVITIES AND SUPPORT FOR NEEDY RESIDENTS OF THE SMITH MOUNTAIN LAKE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Winters Exec Directo | Officer | 40 | $51,000 |
Jon Atchue Board Chair | OfficerTrustee | 2 | $0 |
Kate Ellis Secretary | OfficerTrustee | 2 | $0 |
Paul Marx Treasurer | OfficerTrustee | 2 | $0 |
Jim Bennett Facility Imp | Trustee | 2 | $0 |
Rev Dr Phillip Bouknight Dir | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $576,345 |
| Noncash contributions included in lines 1a–1f | $9,042 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,745 |
| Total Program Service Revenue | $0 |
| Investment income | $4,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$117 |
| Net Income from Fundraising Events | $124,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $722,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $343,612 |
| 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 | $107,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,085 |
| Payroll taxes | $7,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $3,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,846 |
| Travel | $408 |
| 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 | $26,158 |
| Insurance | $7,271 |
| All other expenses | $0 |
| Total functional expenses | $576,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,656 |
| Savings and temporary cash investments | $539,247 |
| 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 | $5,839 |
| Net Land, buildings, and equipment | $493,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $50,200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,139,369 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,398 |
| Total liabilities | $2,398 |
| Net assets without donor restrictions | $973,131 |
| Net assets with donor restrictions | $163,840 |
| 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 | $1,139,369 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Lake Christian Ministries Inc has recieved totaling $48,373.
| Awarding Organization | Amount |
|---|---|
Bedford Community Health Foundation Inc Bedford, VA PURPOSE: TO ASSIST WITH DENTAL/DENTURE SERVICES FOR CLIENTS IN NEED | $15,000 |
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: ANNUAL DONOR-DESIGNATED GRANT; TO PROVIDE PROGRAM SUPPORT | $13,419 |
Smith Mountain Lake Charity Home Tour Inc Moneta, VA PURPOSE: General family services | $12,107 |
Minnie & Bernard Lane Foundation Altavista, VA PURPOSE: PROVIDE FOOD, CLOTHES & HOUSEHOLD GOODS TO NEEDY FAMILIES | $4,500 |
Watt Foster Family Foundation Brookneal, VA PURPOSE: OPERATIONAL EXPENSES | $1,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soles 4 Souls Old Hickory, TN | $32,677,835 | $92,759,575 |
Some Inc Washington, DC | $136,134,386 | $61,849,490 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Blessings In A Backpack Inc Louisville, KY | $14,548,161 | $11,518,539 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |
Loaves & Fishes - Friendship Trays Inc Charlotte, NC | $17,869,265 | $11,460,660 |
Area Congregations In Ministry Oxford, NC | $198,194 | $6,149,344 |