Sharing Ministries Inc
- Assets
- $2.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Montrose, CO
- Founding
- 07/1996
- Data as of
- 12/2023
- EIN
- 84-1338604
Organization Overview
Sharing Ministries Inc is located in Montrose, CO. The organization was established in 1996. 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 12/2023, Sharing Ministries Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharing 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 12/2023, Sharing Ministries Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. 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
PROVIDE FOOD AT NO CHARGE TO INDIVIDUALS AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
501 TONS OF FOOD AND 18 TONS OF NON-FOOD ITEMS WERE DISTRIBUTED TO LOW INCOME FAMILIES, INDIGANT, AND HOMELESS PEOPLE. SHARING MINISTRIES, INC. PROVIDES WAREHOUSES AT WHICH PEOPLE IN DIFFICULT CIRCUMSTANCES CAN OBTAIN FREE FOOD AND RELATED NON-FOOD HOUSEHOLD ITEMS. ALL FOOD IS DISTRIBUTED TO ANYONE WHO NEEDS IT. NO DISTINCTION OR DISCRIMINATION IN DISTRIBUTION IS TOLERATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Goddard President | OfficerTrustee | 1 | $0 |
Eric Kovall Treasurer | OfficerTrustee | 1 | $0 |
John Crane Vice President | OfficerTrustee | 1 | $0 |
Oneda Doyal Executive Director | OfficerTrustee | 50 | $0 |
Audrey Sarzio Director | Trustee | 1 | $0 |
Katie Yates 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 | $2,095,270 |
| Noncash contributions included in lines 1a–1f | $1,692,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,095,270 |
| Total Program Service Revenue | $0 |
| Investment income | $5,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,796 |
| Net Income from Fundraising Events | $34,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,145,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3 |
| Grants and other assistance to domestic individuals. | $1,836,361 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,738 |
| Compensation of current officers, directors, key employees. | $77,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,291 |
| 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 | $9,006 |
| Office expenses | $11,626 |
| Information technology | $867 |
| Royalties | $0 |
| Occupancy | $39,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,962 |
| Interest | $312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,257 |
| Insurance | $16,534 |
| All other expenses | $0 |
| Total functional expenses | $2,198,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,833 |
| 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 | $8,287 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,739,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,244,137 |
| Accounts payable and accrued expenses | $9,538 |
| 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 | $4,404 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,942 |
| Net assets without donor restrictions | $2,230,195 |
| 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 | $2,244,137 |