Penuel Ridge Contemplative Retreat Center
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$104,160.00
Projected Expenses
$103,564.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| penuel ridge contemplative retreat center irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $98,553.00 | $97,095.00 | $80,099.00 |
| Total Expenses | $103,902.00 | $99,260.00 | $104,201.00 |
| Revenue Less Expenses | ($5,349.00) | ($2,165.00) | ($24,102.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $17,169.00 | $0.00 |
| Contributions, Gifts, and Grants | $31,239.00 | $21,254.00 | $48,517.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $67,310.00 | $58,664.00 | $31,569.00 |
| Investment Income, Net of Losses | $0.00 | $8.00 | $13.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $91,233.00 | $71,941.00 | $74,818.00 |
| Administration Expense | $7,776.00 | $12,738.00 | $15,953.00 |
| Fundraising Expense | $4,893.00 | $4,581.00 | $13,403.00 |
| Total Revenue/Total Expenses | 95% | 109% | 77% |
| Program Expense/Total Expenses | 88% | 81% | 72% |
| Fundraising Expense/Contributed Revenue | 5% | 5% | 13% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $67,310.00 | Program Revenue $58,664.00 | Contributions, Gifts, and Grants $48,517.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $31,239.00 | Contributions, Gifts, and Grants $21,254.00 | Program Revenue $31,569.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Government Grants $17,169.00 | Investment Income $13.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $362,100.00 | $365,313.00 | $378,518.00 |
| Current Assets | $27,921.00 | $24,314.00 | $29,593.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $27,391.00 | $27,720.00 | $38,760.00 |
| Total Net Assets | $334,709.00 | $337,593.00 | $339,758.00 |
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
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
No audit documents are available at this time
CEO/Executive Director/Board Comments
| Penuel Ridge is committed to offering the retreat experience regardless of a person's ability to pay. In prior years, this has been achieved through successful fund development efforts from individuals, faith communities and grants. Penuel Ridge had successfully grown occupancy of the Retreat Center to cover 75% of the operating budget. Unfortunately, this normally enviable position was a liability during the onset and protracted spread of COVID. Penuel Ridge has committed to diversifying its revenue stream by making fund development through grant writing a priority in 2022. |
Foundation Staff Comments
| Financial figures taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. 990 completed internally by the nonprofit. Comment provided by Hayley Sulfridge 9/28/23. |
