Lost Sheep Ministries Inc
- Assets
- $704.7k
- Revenue
- $432.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Knoxville, TN
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 62-1639138
Organization Overview
Lost Sheep Ministries Inc is located in Knoxville, TN. The organization was established in 1998. As of 12/2021, Lost Sheep Ministries Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Sheep 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, Lost Sheep Ministries Inc generated $432.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $441.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
MINISTERING TO THE HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING AND SHARING THE GOSPEL WITH THE HOMELESS COMMUNITY OF KNOXVILLE, TN. IN 2021, FED OVER 7,000 INDIVIDUALS THROUGHOUT THE YEAR BY PROVIDING A HOT MEAL, CLOTHES, PRAYER, DENTAL CARE AND MEDICAL ASSISTANCE EVERY WEDNESDAY NIGHT UNDER THE I-40 BRIDGE IN DOWNTOWN KNOXVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Paul Harris Chief Operat | OfficerTrustee | 5 | $10,400 |
Pastor Gerald Mcginnis President | OfficerTrustee | 5 | $4,000 |
Gary Koontz Secretary | OfficerTrustee | 1 | $0 |
Timothy Cutshaw Board Member | Trustee | 5 | $0 |
Joe Gardner Board Member | Trustee | 1 | $0 |
Travis Powell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $186,416 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,787 |
| Noncash contributions included in lines 1a–1f | $186,416 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $432,203 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $432,203 |
| 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. | $14,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,018 |
| 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 | $414 |
| Information technology | $0 |
| Royalties | $0 |
| 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 | $26,346 |
| Insurance | $10,116 |
| All other expenses | $2,072 |
| Total functional expenses | $441,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,360 |
| 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 | $684,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $704,656 |
| Accounts payable and accrued expenses | -$3,195 |
| 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 | $12,240 |
| Total liabilities | $9,045 |
| Net assets without donor restrictions | $695,611 |
| 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 | $704,656 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lost Sheep Ministries Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Roger B & Evelyn W Paddison Charitable Foundation Knoxville, TN PURPOSE: TO FURTHER CHARITABLE PURPOSE OF ORGANIZATIONN | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
High Point Realty Associates Inc Durham, NC | $37,211,144 | -$111,209 |
Ewtn Religious Catalogue Inc Irondale, AL | $3,629,804 | $4,970,670 |
Southeastern Council Of Foundations Inc Atlanta, GA | $2,907,587 | $3,483,118 |
Mcglothlin Foundation Bristol, VA | $17,450,755 | $3,108,342 |
Rjjb Family Foundation Mobile, AL | $17,027,541 | $642,164 |
The Littlejohn Family Foundation Savannah, GA | $11,057,486 | $4,634,557 |
Saint Marys Home For Disabled Children Foundation Norfolk, VA | $37,168,152 | $4,187,814 |
Robert Trent Jones Golf Trail Foundation Birmingham, AL | $529,613 | $668,691 |
Lost Sheep Ministries Inc Knoxville, TN | $704,656 | $432,203 |
North Arkansas Medical Foundation Harrison, AR | $1,182,854 | $844,656 |
Community Residences Foundation Chantilly, VA | $4,861,456 | $1,373,875 |
John H Ellis Foundation Inc Auburn, AL | $2,480,809 | $457,296 |