Gospel Lakes Ministries Inc
- Assets
- $690.0k
- Revenue
- $430.2k
- Investments
- $0.0
- Employees
- 2
- Location
- New Waverly, TX
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 76-0617085
Organization Overview
Gospel Lakes Ministries Inc is located in New Waverly, TX. The organization was established in 2000. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Gospel Lakes Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gospel Lakes 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, Gospel Lakes Ministries Inc generated $430.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $181.0k during the year ending 12/2021. 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
TO PROVIDE AND OPERATE A RECREATION FACILITY AND RETREAT FOR THE PURPOSE OF SPREADING THE GOSPEL OF JESUS CHRIST TO CHILDREN AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKEND CAMPS FOR INNER CITY CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Jester Chairman | OfficerTrustee | 3 | $0 |
Raymond Griffin Vice-Chairman | OfficerTrustee | 1 | $0 |
Bennie Hasha Acting Secy/exec Director | OfficerTrustee | 40 | $0 |
Mike Francis Director | Trustee | 1 | $0 |
Jeff Parish Director | Trustee | 1 | $0 |
Chris Prine Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,394 |
| Noncash contributions included in lines 1a–1f | $1,344 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,754 |
| Total Program Service Revenue | $2,240 |
| Investment income | $11,213 |
| 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 | $430,207 |
| 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 | $38,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,500 |
| Advertising and promotion | $1,177 |
| Office expenses | $633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,000 |
| 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 | $12,370 |
| Insurance | $10,335 |
| All other expenses | $33,561 |
| Total functional expenses | $181,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,166 |
| Savings and temporary cash investments | $99,602 |
| 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 | $184,401 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $49,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $689,973 |
| Accounts payable and accrued expenses | $8,736 |
| 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 | $8,736 |
| Net assets without donor restrictions | $681,237 |
| 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 | $689,973 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Gospel Lakes Ministries Inc has recieved totaling $87,021.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $50,000 |
Community Foundation Of Acadiana Lafayette, LA PURPOSE: General operating support | $12,000 |
Calvert Foundation Katy, TX PURPOSE: MISSIONS/BIBLE STUDIES | $12,000 |
Simpson Charitable Tr Avinger, TX PURPOSE: CHRISTIANEVANGILISM | $8,000 |
Ben E Factor Foundation New Iberia, LA PURPOSE: CAMP FOR INNER CITY KIDS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |