Preston Taylor Ministries
Fiscal Year
Fiscal Year Start
01/01/2022
Fiscal Year End
12/31/2022
Projected Revenue
$1,813,000.00
Projected Expenses
$1,802,653.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| preston taylor ministries irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Revenue | $1,545,625.00 | $1,350,456.00 | |
| Total Expenses | $1,497,034.00 | $1,417,159.00 | |
| Revenue Less Expenses | ($-0.00) | $48,591.00 | ($66,703.00) |
Revenue Sources
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| 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 | $0.00 | |
| Individual Contributions | $1,438,504.00 | $1,250,791.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $-729.00 | $0.00 | |
| Investment Income, Net of Losses | $2,034.00 | $6,269.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $58,949.00 | $51,826.00 | |
| Revenue In-Kind | $46,867.00 | $41,570.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Program Expense | $1,277,356.00 | $1,187,858.00 | |
| Administration Expense | $116,327.00 | $117,314.00 | |
| Fundraising Expense | $103,351.00 | $111,987.00 | |
| Total Revenue/Total Expenses | 103% | 95% | |
| Program Expense/Total Expenses | 85% | 84% | |
| Fundraising Expense/Contributed Revenue | 7% | 8% |
Top Funding Sources
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,438,504.00 | Contributions, Gifts and Grants $1,250,791.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $58,949.00 | Fundraising Events $51,826.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Noncash Contributions $46,867.00 | Noncash Contributions $41,570.00 |
Assets and Liabilities
| Fiscal Year | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Assets | $1,663,855.00 | $1,418,342.00 | |
| Current Assets | $889,152.00 | $614,169.00 | |
| Long-Term Liabilities | $202,615.00 | $0.00 | |
| Current Liabilities | $148,337.00 | $154,030.00 | |
| Total Net Assets | $1,312,903.00 | $1,264,312.00 |
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
2022
Solicitations Permit
Form 990s
Audit Documents
| 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 Nicole Rose 09/27/2021 |
