Rejoice Ministries Inc
- Assets
- $40.4k
- Revenue
- $113.6k
- Investments
- $0.0
- Employees
- 20
- Location
- Nashville, TN
- Founding
- 01/2000
- Data as of
- 05/2023
- EIN
- 62-1791396
Organization Overview
Rejoice Ministries Inc is located in Nashville, TN. The organization was established in 2000. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2023, Rejoice Ministries Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rejoice 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 05/2023, Rejoice Ministries Inc generated $113.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $136.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YOUTH DEVELOPMENT IN A CHRISTIAN ATMOSPHERE AND ARTS ACCESS REGARDLESS OF SOCIOECONOMIC STATUS. EVERY STUDENT HAS ACCESS TO SLIDING SCALE TUITION, FREE UNIFORMS, AND COSTUMES TO REMOVE FINANCIAL BARRIERS WITH DANCE TRAINING IN ORDER TO STUDY CLASSICAL ART FORM
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE WEEKLY AFTER SCHOOL CLASSES IN BALLET, TAP, MODERN AND JAZZ FOR AGES 4 TO 18. STUDENTS ARE MENTORED AND TAUGHT BY LOCAL PROFESSIONALS IN THE FIELD OF DANCE. SUMMER WORKSHOPS ARE HELD FOR MORE ADVANCED DANCERS AND CHILDRENS SUMMER CAMPS ARE OFFERED. PERFORMANCES OPPORTUNITIES ARE ALSO PART OF OUR PROGRAMS INCLUDING A CHILDRENS BALLET SHOWCASE. REJOICE YOUTH ENSEMBLE PUBLIC PERFORMANCES AND SPRING SHOWCASE. THESE PERFORMANCES ARE PRESENTED AT AREA THEATERS AND ENGAGE MEMBERS OF THE COMMUNITY BEYOND THE REJOICE FAMILIES. ADDITIONALLY, WE HAVE A LITERACY BASED PRESENTATION FOR PRESCHOOL AGED CHILDREN AND THEIR FAMILIES THAT IS PRESENTED FREE TO THE PUBLIC AT VARIOUS PRESCHOOLS, LIBRARIES AND AREA COMMUNITY CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharyn Mahoney Executive Director | OfficerTrustee | 40 | $60,470 |
Eleanor Palmer Board Member | Trustee | 0 | $0 |
Tyson Smith Board Member | Trustee | 0 | $0 |
Kimberly Yeager Board Member | Trustee | 0 | $0 |
Mechel Frost Board Member | Trustee | 0 | $0 |
Elyse Adler President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,000 |
| Related organizations | $0 |
| Government grants | $4,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,347 |
| Total Program Service Revenue | $36,608 |
| Investment income | $131 |
| 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 | $113,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $25,195 |
| Compensation of current officers, directors, key employees. | $9,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,363 |
| Fees for services: Management | $54,563 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,548 |
| Advertising and promotion | $0 |
| Office expenses | $336 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,313 |
| 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 | $0 |
| Insurance | $406 |
| All other expenses | $1,989 |
| Total functional expenses | $136,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,757 |
| Savings and temporary cash investments | $33,594 |
| 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 | $1,800 |
| Net Land, buildings, and equipment | $200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,351 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $40,351 |
| 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 | $40,351 |