Channel Of Love Ministries
- Assets
- $206.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Port Orchard, WA
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 91-1510829
Organization Overview
Channel Of Love Ministries is located in Port Orchard, WA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Channel Of Love Ministries 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, Channel Of Love Ministries generated $188.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $205.8k during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MINISTRY CONDUCTS SERVICES AND OUTREACHES AT VARIOUS LOCATIONS WITHIN THE UNITED STATES. ADDITIONALLY THE MINISTRY SUPPORTS OTHER OUTREACH ORGANIZATIONS THROUGH DIRECT CONTRIBUTIONS AND COMBINED PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Pearce Pesident CEO | 60 | $57,377 | |
Marty Pearce Vice-President | 40 | $0 | |
Carrie Hinterberger Secretary/treasurer | 2 | $0 | |
Keith Libolt Trustee | 1 | $0 | |
Lorraine Libolt Trustee | 1 | $0 | |
Pastor Lawrence Wells Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,851 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $188,854 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $76,921 |
| Professional fees and other payments to independent contractors | $1,550 |
| Occupancy, rent, utilities, and maintenance | $13,738 |
| Printing, publications, postage, and shipping | $16,737 |
| Other expenses | $88,316 |
| Total expenses | $205,830 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,526 |
| Other assets | $0 |
| Total assets | $206,183 |
| Total liabilities | $4,117 |
| Net assets or fund balances | $202,066 |
Grants Awarded
Over the last fiscal year, Channel Of Love Ministries has awarded $18,880 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JIMMY SWAGGART MINISTRIES PURPOSE: General Support | $7,880 |
SAMARITAN'S PURSE PURPOSE: Disaster Relief | $11,000 |