His Way Inc
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Ridgeland, MS
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 64-0733014
Organization Overview
His Way Inc is located in Ridgeland, MS. The organization was established in 1987. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, His Way Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. His Way 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, His Way Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.1% 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.
Since 2015, His Way Inc has awarded 122 individual grants totaling $5,460,564. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC OBJECTIVES AND PURPOSES OF THIS CORPORATION SHALL BE CHARITABLE. THE PRINCIPAL PURPOSE AND OBJECTIVE OF HIS WAY, INC. SHALL BE TO SERVE THE NEEDS OF CHILDREN UNDER THE AGE OF 18 WITH MONETARY CONTRIBUTIONS TO OTHER 501(C)(3) CHARITIES. THE PURPOSE OF THE RECEIVING CHARITIES, AS REGISTERED AND REPORTED TO THE MISSISSIPPI SECRETARY OF STATE'S OFFICE, MUST BE TO SERVE THE NEEDS OF UNDERPRIVILEGED, AT RISK, ABUSED, NEGLECTED OR HOMELESS CHILDREN. SERVICES MAY INCLUDE FOOD, CLOTHING, SHELTER, AFTER-SCHOOL MENTORING PROGRAMS, SUPPLIES AND EQUIPMENT, MEDICAL AND REMEDIAL CARE, AND CONSTRUCTION. AT THE SOLE DISCRETION OF THE BOARD OF DIRECTORS, CONTRIBUTIONS MAY ALSO BE MADE TO CHARITIES TO FUND OTHER SERVICES OF THE ORGANIZATION THAT ARE DIRECTLY RELATED TO MEETING THE NEEDS OF THE CHILDREN SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO ORGANIZATIONS WHICH OPERATE PROGRAMS THAT NURTURE AND ASSIST UNDERPRIVILEGED, NEGLECTED, ABUSED OR HOMELESS CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Taylor President | OfficerTrustee | 1 | $0 |
Bob Spring Vice President | OfficerTrustee | 1 | $0 |
Todd Warren Secretary | OfficerTrustee | 1 | $0 |
Ken Guthrie Treasurer | OfficerTrustee | 1 | $0 |
Tyler Ball Director | Trustee | 1 | $0 |
Bryan Nelms 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 | $69,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,740 |
| Total Program Service Revenue | $0 |
| Investment income | $254 |
| 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 | $1,040,948 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,169,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $933,832 |
| 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. | $106,553 |
| Compensation of current officers, directors, key employees. | $17,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,327 |
| 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 | $0 |
| Advertising and promotion | $6,977 |
| Office expenses | $31,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,803 |
| Travel | $11,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,731 |
| Insurance | $6,688 |
| All other expenses | $1,074 |
| Total functional expenses | $1,206,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,088 |
| 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 | $25,579 |
| Prepaid expenses and deferred charges | $5,705 |
| Net Land, buildings, and equipment | $906,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,650 |
| Total assets | $1,527,461 |
| Accounts payable and accrued expenses | $10,994 |
| 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 | $67,493 |
| Total liabilities | $78,487 |
| Net assets without donor restrictions | $1,448,974 |
| 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 | $1,527,461 |
Grants Awarded
Over the last fiscal year, His Way Inc has awarded $563,447 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BUT GOD MINISTRIES PURPOSE: GENERAL ASSISTANCE | $29,582 |
CASA OF HANCOCK CO PURPOSE: GENERAL ASSISTANCE | $46,620 |
COMMUNITY CARE NETWORK PURPOSE: GENERAL ASSISTANCE | $32,514 |
COMMUNITY OF CHRISTIANS PURPOSE: GENERAL ASSISTANCE | $27,563 |
FAMILY RESOURCE CENTER OF NE MS PURPOSE: GENERAL ASSISTANCE | $44,817 |
HOMES OF HOPE FOR CHILDREN PURPOSE: GENERAL ASSISTANCE | $133,105 |