Parker Street Ministries Inc
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Lakeland, FL
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 59-3579886
Organization Overview
Parker Street Ministries Inc is located in Lakeland, FL. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Parker Street Ministries Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parker Street 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, Parker Street Ministries Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $988.5k during the year ending 12/2021. While expenses have increased by 4.2% 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
PARKER STREET MINISTRIES IS A CHRIST-CENTERED ORGANIZATION COMMITTED TO INDIVIDUAL, FAMILY AND COMMUNITY RESTORATION, RECONCILIATION AND REVITALIZATION BEGINNING IN LAKELAND'S PARKER STREET COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL CAPABILITY OCCURS THROUGH AFTER-SCHOOL PROGRAM ENRICHMENTS FOR K-8, FAMILY WORKSHOPS, AND YOUNG ADULT BOOT CAMPS. A FUTURE WORKFORCE PROGRAM TEACHES FINANCIAL FITNESS AND SOFT JOB SKILLS WHILE PAYING STIPENDS FOR SPENDING AND FOR RESTRICTED SAVINGS ACCOUNTS. DESIRABLE NEIGHBORHOOD ACTIVITIES LEVERAGE VOLUNTEERS AND PARTNERSHIPS WITH LANDLORDS AND OUTSIDE AGENCIES TO WORK TOWARD STABILIZING THE NEIGHBORHOOD FAMILIES AND BEAUTIFYING THE BLIGHTED NEIGHBORHOOD. ACTIVITIES INCLUDE NEIGHBORHOOD CLEANUPS, LANDSCAPING, HOME REPAIRS, AND RENOVATIONS. A HEALTHY COMMUNITY IS ENCOURAGED THROUGH ACTIVITIES SUCH AS: NEIGHBORHOOD CHRISTMAS STORE, COMMUNITY GATHERINGS, AFTER-SCHOOL ENRICHMENTS, HEALTHY MEALS AND SNACKS, FITNESS ACTIVITIES FOR ALL AGES, AND TRIPS TO THE LOCAL FARMER'S MARKET FOLLOWED BY GROUP MEAL PREPARATION. VOLUNTEERS ARE VITAL RESOURCES FOR DELIVERING PROGRAMS. IN 2021, 678 UNDUPLICATED VOLUNTEERS LOGGED 4,431 HOURS THROUGH PSM AND 50 OF THOSE VOLUNTEERS WERE NEIGHBORHOOD RESIDENTS. THE IN-KIND VALUE OF VOLUNTEER HOURS IN 2021 WAS 126,461 (INDEPENDENT SECTOR). MEASURES, PROGRAM INFORMATION, AND FINANCIAL DOCUMENTS CAN BE FOUND AT PSMLAKELAND.ORG OR AT GUIDESTAR.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mitchell Executive Di | Officer | 40 | $85,523 |
Teresa Bray Secretary & | OfficerTrustee | 0.25 | $0 |
William H Harrell ESQ Past Chair | OfficerTrustee | 0.25 | $0 |
Lance Schmidt CPA Treasurer | OfficerTrustee | 0.25 | $0 |
Scott Macdonald Chair | OfficerTrustee | 0.25 | $0 |
Howard Bayless Director | Trustee | 0.25 | $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 | $1,640,266 |
| Noncash contributions included in lines 1a–1f | $495,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,640,266 |
| Total Program Service Revenue | $0 |
| Investment income | $15,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,720 |
| Net Gain/Loss on Asset Sales | $11,244 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,680,707 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,615 |
| Payroll taxes | $41,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $813 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,678 |
| 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 | $68,662 |
| Insurance | $0 |
| All other expenses | $2,983 |
| Total functional expenses | $988,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,727 |
| 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 | $2,020,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,704 |
| Total assets | $2,803,538 |
| Accounts payable and accrued expenses | $17,097 |
| 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 | $17,097 |
| Net assets without donor restrictions | $2,772,145 |
| Net assets with donor restrictions | $14,296 |
| 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 | $2,803,538 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Parker Street Ministries Inc has recieved totaling $489,205.
| Awarding Organization | Amount |
|---|---|
Givewell Community Foundation Inc Lakeland, FL PURPOSE: GENERAL OPERATIONS | $325,775 |
George Jenkins Foundation Inc Lakeland, FL PURPOSE: FOR OPERATING EXPENSES/ACADEMIC ENRICHMENT PROGRAMS (FIRST OF THREE INSTALLMENTS) | $150,000 |
Campisi Family Foundation Inc Lakeland, FL PURPOSE: FUNDS DONATED TO COVER COSTS FOR SERVICES OFFERED TO THE RESIDENTS OF PARKER STREET NEIGHBORHOODS. | $10,000 |
Camp Rotary Foundation Inc Lakeland, FL PURPOSE: HUMANITARIAN | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Tri-County Community Council Inc Bonifay, FL | $6,451,084 | $10,551,381 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |