Free Life Ministries Inc
- Assets
- $3.1m
- Revenue
- $472.3k
- Investments
- $2.6m
- Employees
- 4
- Location
- Goldsboro, NC
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 58-1314338
Organization Overview
Free Life Ministries Inc is located in Goldsboro, NC. The organization was established in 1983. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Free Life Ministries Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Life 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, Free Life Ministries Inc generated $472.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $558.7k during the year ending 12/2021. While expenses have increased by 4.1% 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
PROVIDE PUBLIC ACCESS TO GOSPEL TV BROADCASTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PUBLIC ACCESS TO GOSPEL TV BROADCASTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Johnson Executive Director | Officer | 40 | $84,860 |
Franklin G Stallings Program Host | Officer | 5 | $4,960 |
Brian Rogers Secretary/treasurer | Officer | 0 | $0 |
Frank Dawson Director | Trustee | 0 | $0 |
Greg Nettercutt Director | Trustee | 0 | $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 | $336,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,277 |
| Total Program Service Revenue | $0 |
| Investment income | $136,009 |
| 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 | $472,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,174 |
| 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. | $84,860 |
| Compensation of current officers, directors, key employees. | $84,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,759 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,363 |
| Advertising and promotion | $2,809 |
| Office expenses | $18,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,898 |
| Travel | $1,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,257 |
| Insurance | $12,415 |
| All other expenses | $0 |
| Total functional expenses | $558,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,897 |
| Savings and temporary cash investments | $2,500 |
| Pledges and grants receivable | $1,785 |
| 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 | $510,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,594,273 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,123,694 |
| 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 | $5,053 |
| Total liabilities | $5,053 |
| Net assets without donor restrictions | $3,118,641 |
| 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 | $3,123,694 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Free Life Ministries Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Radio Training Network Inc Greenville, SC | $60,653,568 | $30,620,597 |
Kingdom Advisors Inc Atlanta, GA | $2,502,254 | $6,265,667 |
Giving Company Alpharetta, GA | $1,622,291 | $5,896,509 |
New Song Ministries Inc Ball Ground, GA | $902,466 | $2,130,506 |
More Than Conquerors Inc Conyers, GA | $103,496 | $2,117,083 |
Daily Audio Bible Spring Hill, TN | $5,606,352 | $3,425,803 |
Creation Ministries Internationalus Inc Powder Springs, GA | $3,372,282 | $1,982,729 |
Narroway Productions Inc Fort Mill, SC | $6,226,678 | $1,876,775 |
Gathering Place Inc Brunswick, GA | $3,552,096 | $2,598,563 |
Don Shire Ministries Inc Bedford, VA | $1,411,136 | $1,174,975 |
Arrabon Richmond, VA | $1,550,749 | $2,350,562 |
Immanuel Broadcasting Network Inc Cartersville, GA | $359,899 | $759,511 |