Media Ministries Inc
- Assets
- $622.3k
- Revenue
- $693.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Monroe, LA
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 72-1218305
Organization Overview
Media Ministries Inc is located in Monroe, LA. The organization was established in 1994. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Media Ministries Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Media 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 12/2022, Media Ministries Inc generated $693.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $853.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CHRISTIAN MUSIC TO AREA
Describe the Organization's Program Activity:
TO PROVIDE CHRISTIAN MUSIC AND TEACHING TO THE LISTENING AREA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl Ford General Manager | 40 | $82,867 | |
Lynne Free Interim General Manager | 40 | $65,777 | |
Staci Hogan Secretary | OfficerTrustee | 1 | $0 |
Don Gene Banks Jr Vice President | OfficerTrustee | 1 | $0 |
Chris Horrell Director | Trustee | 1 | $0 |
Lisa Kiper 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 | $470,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,393 |
| Total Program Service Revenue | $219,621 |
| Investment income | $630 |
| 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 | $693,944 |
| 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. | $148,644 |
| Compensation of current officers, directors, key employees. | $14,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,937 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $427 |
| Fees for services: Accounting | $27,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,680 |
| Advertising and promotion | $538 |
| Office expenses | $9,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,445 |
| Travel | $11,131 |
| 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 | $50,679 |
| Insurance | $52,484 |
| All other expenses | $29,886 |
| Total functional expenses | $853,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,430 |
| 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 | $124,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,108 |
| Other assets | $1 |
| Total assets | $622,324 |
| Accounts payable and accrued expenses | $2,839 |
| 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 | $2,839 |
| Net assets without donor restrictions | $619,485 |
| 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 | $622,324 |