Christian Renewal Ministries Inc
- Assets
- $2.4m
- Revenue
- $933.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Milltown, NJ
- Founding
- 05/1979
- Data as of
- 12/2021
- EIN
- 59-1724840
Organization Overview
Christian Renewal Ministries Inc is located in Milltown, NJ. The organization was established in 1979. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Christian Renewal Ministries Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Renewal 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, Christian Renewal Ministries Inc generated $933.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $760.5k during the year ending 12/2021. While expenses have increased by 3.5% 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
PROCLAIM THE GOSPEL OF CHRIST AND STIMULATE CHRISTIAN SPIRITUAL GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDITORIAL AND PRODUCTION COSTS FOR VARIOUS LITERATURE MINISTRIES & THE RENEWAL JOURNAL
PULPIT AND SEMINAR MINISTRIES
MISSION SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ting W Lee Executive Director | Trustee | 40 | $58,000 |
Aleck Lee Chairman | Trustee | 30 | $0 |
Lydia Yao Director | Trustee | 1 | $0 |
Daniel Shih Director | Trustee | 1 | $0 |
Lie Hsu Director | Trustee | 1 | $0 |
William Hsu 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 | $865,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,581 |
| Total Program Service Revenue | $8,931 |
| Investment income | $7,617 |
| 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 | $46,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $933,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $58,000 |
| Compensation of current officers, directors, key employees. | $11,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| 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 | $15,353 |
| Information technology | $0 |
| Royalties | $7,929 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,772 |
| Insurance | $2,286 |
| All other expenses | $135,565 |
| Total functional expenses | $760,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,276 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $292,517 |
| Prepaid expenses and deferred charges | $95,662 |
| Net Land, buildings, and equipment | $69,850 |
| Investments—publicly traded securities | $1,185,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,442,770 |
| Accounts payable and accrued expenses | $80,606 |
| 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 | $80,606 |
| Net assets without donor restrictions | $2,362,164 |
| 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 | $2,442,770 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Renewal Ministries Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Oak Foundation Inc Stony Brook, NY PURPOSE: GENERAL FUND | $1,000 |
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 |