Christian Business Ministries
- Assets
- $65.0k
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ontario, CA
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 95-4231341
Organization Overview
Christian Business Ministries is located in Ontario, CA. The organization was established in 1990. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Business 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 12/2021, Christian Business Ministries generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (43.7%) each year. All expenses for the organization totaled $49.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION USES VARIOUS SOCIAL MEDIA AS WELL AS PODCAST APPLICATIONS TO CARRY OUT ITS CHARITABLE PURPOSE OF PROVIDING CHRISTIAN BASED LEADERSHIP AND BUSINESS PRINCIPLES. AVAILABLE DOWNLOADS AND OTHER CONTENT ARE PROVIDED FREE OF CHARGE.
THE ORGANIZATION HOSTS SEMINARS AND CONSULTS ON ADULT LEADERSHIP TRAINING AND YOUTH BUSINESS TRAINING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred D Hollingsworth President | 20 | $0 | |
Gwethalyn D Hamilton Director | 20 | $0 | |
Hattie E Hollingsworth Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $15,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,010 |
| Total operating and administrative expenses | $48,940 |
| Contributions, gifts, grants paid | $300 |
| Total expenses and disbursements | $49,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,546 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $63,499 |
| Total assets | $65,045 |
| Accounts payable and accrued expenses | $6,930 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $85,239 |
| Other liabilities | $92,466 |
| Total liabilities | $184,635 |
Grants Awarded
Over the last fiscal year, Christian Business Ministries has awarded $2,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DUANA MALONE PURPOSE: COMMUNITY BENEVOLENCE | $1,000 |
JERRY MUSGRAVE PURPOSE: PAYMENT FOR MINISTRY | $1,000 |
VARIOUS PERSONS LESS THAN 1000 EACH PURPOSE: COMMUNITY BENEVOLENCE | $600 |
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