Liberty Quartet Inc
- Assets
- $300.4k
- Revenue
- $477.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Meridian, ID
- Founding
- 06/1998
- Data as of
- 12/2019
- EIN
- 82-0497098
Organization Overview
Liberty Quartet Inc is located in Meridian, ID. The organization was established in 1998. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Liberty Quartet Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Quartet 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 12/2019, Liberty Quartet Inc generated $477.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $455.1k during the year ending 12/2019. While expenses have increased by 0.9% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
LIBERTY MINISTRIES INC. IS AN ITINERANT CONCERT MINISTRY INCLUDING CONCERT PERFORMANCES, PRACTICE, RECORDING AND TRAVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORSHIP SERVICES ARE PROVIDED THROUGH CONCERT MINISTRIES. CHARITABLE CONTRIBUTIONS ARE RECEIVEDAS WELL AS ITEMS FOR SALE MADE AVAILABLE DURING AND FOLLOWING THE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Royce Mitchell Manager | OfficerTrustee | 40 | $51,812 |
Paul Ellis Secretary | OfficerTrustee | 40 | $48,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,908 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,808 |
| 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 | $51,533 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,341 |
| 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. | $100,024 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,717 |
| Payroll taxes | $16,559 |
| Fees for services: Management | $61,185 |
| Fees for services: Legal | $0 |
| 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 | $3,665 |
| Office expenses | $13,772 |
| Information technology | $414 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $71,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,632 |
| All other expenses | $0 |
| Total functional expenses | $455,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,936 |
| 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 | $220,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,379 |
| Accounts payable and accrued expenses | $5,195 |
| 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 | $0 |
| Total liabilities | $5,195 |
| Net assets without donor restrictions | $0 |
| 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 | $295,184 |
| Total liabilities and net assets/fund balances | $300,379 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Liberty Quartet Inc has recieved totaling $85.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $85 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Immanuel Lutheran Corporation Of Kalispell Montana Kalispell, MT | $74,381,473 | $25,428,001 |
Christian Center Of Park City Park City, UT | $13,844,095 | $7,996,060 |
Bridge Ministries Bellevue, WA | $2,376,467 | $5,280,770 |
Vision Beyond Borders Inc Casper, WY | $1,888,675 | $2,473,457 |
Interact Ministries Inc Boring, OR | $2,444,865 | $2,307,839 |
Lake Mead Christian Ministries Development Inc Henderson, NV | $10,590,915 | $11,552,971 |
Tacoma New Life Presbyterian Church Tacoma, WA | $6,383,396 | $1,529,207 |
Seabeck Conference Center Seabeck, WA | $8,634,515 | $1,648,729 |
Mike Silva Evangelism Inc Beaverton, OR | $624,310 | $1,401,568 |
National Christian Forensics And Communications Association Yakima, WA | $658,986 | $1,127,319 |
Pacific Northwest Outreach Inc Gresham, OR | $30,778 | $1,201,443 |
Vipassana Community Foundation Onalaska, WA | $1,437,686 | $1,373,097 |