Restoration Word Ministries Inc
- Assets
- $663.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Charlotte, NC
- Founding
- 01/1999
- Data as of
- 12/2023
- EIN
- 56-2096562
Organization Overview
Restoration Word Ministries Inc, operating under the name Charlotte Mecklenburg Dream Center, is located in Charlotte, NC. The organization was established in 1999. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Charlotte Mecklenburg Dream Center employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Mecklenburg Dream Center 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 12/2023, Charlotte Mecklenburg Dream Center generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 31.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH THE GOSPEL OF JESUS CHRIST, SUPPORT MISSIONS AND ASSIST THE POOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEERS JOIN US AT THE CHARLOTTE MECKLENBURG DREAM CENTER TO PREPARE OUR WORLD FAMOUS CHILI CHEESE DOGS THAT OUR STREET MINISTRY TEAM WILL DISTRIBUTE THROUGH UPTOWN. VOLUNTEERS MEET US AT KING'S KITCHEN BEGINNING AT 7:30 P.M. FOR A TIME OF PRAYER BEFORE TAKING TO THE STREETS OF UPTOWN, IN GROUPS, TO DISTRIBUTE FOOD, AND MOST IMPORTANTLY, ENCOURAGEMENT. OUR VOLUNTEERS SPEND TIME HEARING THE STORIES OF OUR HOMELESS NEIGHBORS, PRAYING FOR THEM, AND CONNECTING WITH THEM ON A PERSONAL LEVEL. BIBLE STUDY EACH WEEKDAY WE INVITE FOLKS FROM THE STREETS OF CHARLOTTE & THOSE LIVING IN POVERTY TO JOIN US FOR BIBLE STUDY. MONDAY, WEDNESDAY & FRIDAY WE SERVE A MEAL FOR THOSE ATTENDING OUR BIBLE STUDIES. DISCIPLESHIP PROGRAM CMDC OFFERS A 1 YEAR DISCIPLESHIP PROGRAM THROUGH OUR PARTNERSHIP WITH KING'S KITCHEN. DISCIPLESHIP PROGRAM MEMBERS RECEIVE A PAID INTERNSHIP TO KING'S KITCHEN. ADDITIONALLY, EACH MEMBER RECEIVES TRAINING IN LIFE SKILLS, RECEIVES CHRISTIAN DISCIPLESHIP, SERVES IN THE CHARLOTTE COMMUNITY, ATTENDS CHURCH SERVICES & BIBLE STUDIES, AND WORKS ONE-ON-ONE WITH A CASE WORKER TO IDENTIFY AND ACHIEVE SPECIFIC GOALS. CHILDREN'S MINISTRY CMDC'S CHILDREN'S MINISTRY WORKS WITH CHILDREN LIVING IN POVERTY FROM THE NEIGHBORHOODS SERVED THROUGH OUR OTHER MINISTRIES. WE FOCUS ON BUILDING RELATIONSHIPS WITH CHILDREN TO THEN DISCIPLE THEM FROM A CHRISTIAN PERSPECTIVE. TRANSITION HOUSE THE DREAM CENTER PROVIDES TRANSITIONAL HOUSING FOR MEN IN THE DREAM CENTER DISCIPLESHIP PROGRAM. THE MEN ARE HOUSED IN A 3 BEDROOM HOUSE AND SPLIT THE RENT ($1200/MO.) & UTILITIES EQUALLY. YOUTH TUESDAY LIVE EVERY TUESDAY VOLUNTEERS ENGAGE THE YOUTH OF THE ADOPT-A-BLOCK PROGRAM NEIGHBORHOODS THROUGH GAMES, FOOD & FELLOWSHIP. THE PROGRAMMING CHANGES EACH WEEK BUT THE GOAL IS FOR VOLUNTEERS TO MENTOR & DISCIPLE THE YOUTH FROM THE COMMUNITY. MOBILE FOOD PANTRY EVERY OTHER THURSDAY THE DREAM CENTER PROVIDES A PROTEIN, VEGETABLES, MILK & BREAD TO RESIDENTS IN THE JT WILLIAMS AND THOMASBORO COMMUNITIES FREE OF CHARGE. TUTORING VOLUNTEERS HELP KIDS WITH HOMEWORK AND HELPING TO BRING THE STUDENTS UP TO GRADE LEVEL UTILIZING IREADY READING SOFTWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 25 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | 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 | $1,733,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,733,558 |
| Total Program Service Revenue | $0 |
| Investment income | $1,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,955 |
| 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 | $1,746,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $60,121 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,808 |
| Compensation of current officers, directors, key employees. | $17,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $418,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,169 |
| Payroll taxes | $39,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,229 |
| Fees for services: Accounting | $6,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,539 |
| Advertising and promotion | $3,727 |
| Office expenses | $33,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,525 |
| Travel | $461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,600 |
| Insurance | $26,511 |
| All other expenses | $0 |
| Total functional expenses | $1,566,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,565 |
| 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 | $116,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,206 |
| Total assets | $663,677 |
| Accounts payable and accrued expenses | $43,124 |
| 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 | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,124 |
| Net assets without donor restrictions | $610,553 |
| Net assets with donor restrictions | $0 |
| 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 | $663,677 |