Association Of Grace Brethren Ministers Inc is located in Winona Lake, IN. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Grace Brethren Ministers 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, Association Of Grace Brethren Ministers Inc generated $37.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 9 years. 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
WE PRIDE OURSELVES IN SCHOLARSHIPS GIVEN FOR CONTINUED EDUCATION DEVELOPED AND MAINTAINED A REGIONAL SHEPHERD PROGRAM FOR OUR PASTORS AND GIVE DISCOUNTS TO OUR PASTORS TO ALLOW THEM ACCESS TO FOCUS RETREATS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lingenfelter President | 10 | $10,000 | |
Matthew Wheelock Board Member | 5 | $6,000 | |
Doug Black Treasurer | 2 | $3,000 | |
Jonathan Carey Secretary | 1 | $0 | |
Terry Daniels Board Member | 1 | $0 | |
Mark Penfold Board Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,462 |
| Total Program Service Revenue | $0 |
| Membership dues | $14,038 |
| Investment income | $3,746 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,246 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,000 |
| Professional fees and other payments to independent contractors | $2,802 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,957 |
| Other expenses | $14,398 |
| Total expenses | $41,157 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,196 |
| Other assets | $0 |
| Total assets | $156,637 |
| Total liabilities | $0 |
| Net assets or fund balances | $156,637 |