Family Affair Ministries, Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$650,000.00
Projected Expenses
$633,881.00
Organizational Budgets and Other Documents
2024 Projected Budget | 2024 |
2022-2023 Projected Budget | 2023 |
2020-2021 Projected Budget | 2021 |
Projected 2019 Budget | 2019 |
IRS Letter of Exemption
Family Affair Ministries, Inc. IRS ltr |
Detailed Financials
Revenue and Expenses
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Revenue | $143,024.00 | $335,423.00 | $141,930.00 |
Total Expenses | $170,360.00 | $297,388.00 | $255,606.00 |
Revenue Less Expenses | ($27,336.00) | $38,035.00 | ($113,676.00) |
Revenue Sources
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
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 | $57,480.00 | $154,266.00 | $37,300.00 |
Contributions, Gifts, and Grants | $85,124.00 | $175,149.00 | $97,723.00 |
Indirect Public Support | $0.00 | $0.00 | $0.00 |
Earned Revenue | $0.00 | $0.00 | $899.00 |
Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
Membership Dues | $0.00 | $0.00 | $0.00 |
Special Events | $0.00 | $0.00 | $0.00 |
Revenue In-Kind | $0.00 | $6,008.00 | $6,008.00 |
Other | $420.00 | $0.00 | $0.00 |
Expense Allocation
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Program Expense | $130,606.00 | $207,320.00 | $188,725.00 |
Administration Expense | $28,000.00 | $44,568.00 | $36,852.00 |
Fundraising Expense | $11,754.00 | $45,500.00 | $30,029.00 |
Total Revenue/Total Expenses | 84% | 113% | 56% |
Program Expense/Total Expenses | 77% | 70% | 74% |
Fundraising Expense/Contributed Revenue | 7% | 15% | 12% |
Top Funding Sources
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $85,124.00 | Contributions, Gifts, and Grants $175,149.00 | Contributions, Gifts, Grants $97,723.00 |
Second Highest Funding Source & Dollar Amount | Government Grants $57,480.00 | Government Grants $154,266.00 | Government Grants $37,300.00 |
Third Highest Funding Source & Dollar Amount | Other Revenue $420.00 | Noncash Contributions $6,008.00 | Noncash Contributions $6,008.00 |
Assets and Liabilities
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Assets | $18,007.00 | $18,337.00 | $17,849.00 |
Current Assets | $17,183.00 | $14,760.00 | $15,660.00 |
Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Current Liabilities | $27,171.00 | $165.00 | $412.00 |
Total Net Assets | $-9,164.00 | $18,172.00 | $17,437.00 |
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?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
We are aggressively seeking and adapting strategies to increase the number of donors from the private/public and individual sectors. We need to generate revues that are sustaining. We constantly face the challenge of genrating income through our fee for service system because our clients do not have the ability to pay for services. The average household income for Berkshire residents is $3,000 per year, which is usually in the form of AFDC and food stamps. |
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. Audit and 990 conducted by Blankenship CPA Group, PLLC. Comments provided by Nicole Rose 09/30/2024. |