Preston Taylor Ministries
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$1,764,390.00
Projected Expenses
$1,722,505.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
preston taylor ministries irs ltr |
Detailed Financials
Revenue and Expenses
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Revenue | $1,565,169.00 | $1,982,481.00 | |
Total Expenses | $1,805,823.00 | $1,670,008.00 | |
Revenue Less Expenses | ($-0.00) | ($240,654.00) | $312,473.00 |
Revenue Sources
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
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 | $202,615.00 | |
Contributions, Gifts, and Grants | $1,528,380.00 | $1,724,013.00 | |
Indirect Public Support | $0.00 | $0.00 | |
Earned Revenue | $-6,668.00 | $4,042.00 | |
Investment Income, Net of Losses | $845.00 | $395.00 | |
Membership Dues | $0.00 | $0.00 | |
Special Events | $18,598.00 | $21,416.00 | |
Revenue In-Kind | $22,850.00 | $30,000.00 | |
Other | $1,164.00 | $0.00 |
Expense Allocation
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Program Expense | $1,327,632.00 | $1,347,951.00 | |
Administration Expense | $326,939.00 | $155,800.00 | |
Fundraising Expense | $151,252.00 | $166,257.00 | |
Total Revenue/Total Expenses | 87% | 119% | |
Program Expense/Total Expenses | 74% | 81% | |
Fundraising Expense/Contributed Revenue | 8% | 10% |
Top Funding Sources
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,528,380.00 | Contributions, Gifts, Grants $1,724,013.00 |
Second Highest Funding Source & Dollar Amount | $0.00 | Noncash Contributions $22,850.00 | Government Grants $202,615.00 |
Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $18,598.00 | Noncash Contributions $30,000.00 |
Assets and Liabilities
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Assets | $1,518,819.00 | $1,787,100.00 | |
Current Assets | $750,338.00 | $986,811.00 | |
Long-Term Liabilities | $115,218.00 | $125,833.00 | |
Current Liabilities | $18,879.00 | $35,891.00 | |
Total Net Assets | $1,384,722.00 | $1,625,376.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Solicitations Permit
Form 990s
Audit Documents
Financial Audit | 2023 |
Financial Audit | 2022 |
Financial Audit | 2021 |
Financial Audit | 2020 |
Financial Audit | 2019 |
Financial Audit | 2018 |
Financial Audit | 2017 |
Financial Audit | 2016 |
Financial Audit | 2015 |
Financial Audit | 2014 |
Financial Audit | 2013 |
PTM Audit | 2013 |
Foundation Staff Comments
Financial figures taken from the 990. 990 completed by Carrie Wilsman. Comments provided by Hayley Sulfridge 9/25/23. |