Lambscroft Ministries
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$786,089.00
Projected Expenses
$786,089.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Lambscroft Ministries IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $664,308.00 | $620,528.00 | |
| Total Expenses | $598,042.00 | $598,244.00 | |
| Revenue Less Expenses | $66,266.00 | ($-0.00) | $22,284.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $8,122.00 | |
| Contributions, Gifts, and Grants | $207,358.00 | $328,134.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $279,665.00 | $243,687.00 | |
| Investment Income, Net of Losses | $319,763.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $109,341.00 | $0.00 | |
| Revenue In-Kind | $25,024.00 | $37,407.00 | |
| Other | $2,822.00 | $3,178.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $574,502.00 | $577,227.00 | |
| Administration Expense | $23,540.00 | $19,517.00 | |
| Fundraising Expense | $0.00 | $1,500.00 | |
| Total Revenue/Total Expenses | 111% | 104% | |
| Program Expense/Total Expenses | 96% | 96% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Investment Income $319,763.00 | $0.00 | Contributions, Gifts, and Grants $328,134.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $279,665.00 | $0.00 | Program Revenue $243,687.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $207,358.00 | $0.00 | Noncash Contributions $37,407.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $542,938.00 | $133,108.00 | |
| Current Assets | $108,393.00 | $99,774.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $276,093.00 | $64,138.00 | |
| Total Net Assets | $266,845.00 | $68,970.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| Lambscroft 2022 Form 990 | 2022 |
| Lambscorft 2020 Form 990 | 2020 |
| Lambscroft 2019 Form 990 | 2019 |
| Form 990 Public Disclosure Copy | 2018 |
| Form 990 | 2017 |
| Lambscroft 2016 990 | 2016 |
| 2015 Form 990 | 2015 |
| Form 990 | 2014 |
| Lambscroft 2013 990 | 2013 |
| Lambscroft 2012 990 | 2012 |
| Lambscroft 2011 990N | 2011 |
| Lambscroft 2010 990N | 2010 |
Audit Documents
CEO/Executive Director/Board Comments
| 2020 was an exceptionally hard year for us all. We are always amazed by the donations and income that come in. It always far exceeds what we project. We are thankful the community supports the vision and heart of Lambscroft and The Cookery. Due to Covid we had to chang the way we take in students and how many. We changed restaurant hours multiple time. We had to close several times for Covid exposure. It was a huge learning curve. Through it all, we continued to help as many people as we could as well as serve our customers to the best of our ability. |
Foundation Staff Comments
| Financial figures taken from the 990. Foundation and corporate grants may be included in Individual Contribution sum, as these amounts are not separated in Form 990. 990 was prepared by Crosslin, PLLC. Comments provided by Hayley Sulfridge 11/14/23. |
