Preston Taylor Ministries
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,574,920.00
Projected Expenses
$1,574,898.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| preston taylor ministries irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $1,565,169.00 | $1,982,481.00 | $1,545,625.00 |
| Total Expenses | $1,805,823.00 | $1,670,008.00 | $1,497,034.00 |
| Revenue Less Expenses | ($240,654.00) | $312,473.00 | $48,591.00 |
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 | $202,615.00 | $0.00 |
| Contributions, Gifts, and Grants | $1,528,380.00 | $1,724,013.00 | $1,438,504.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $-6,668.00 | $4,042.00 | $-729.00 |
| Investment Income, Net of Losses | $845.00 | $395.00 | $2,034.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $18,598.00 | $21,416.00 | $58,949.00 |
| Revenue In-Kind | $22,850.00 | $30,000.00 | $46,867.00 |
| Other | $1,164.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,327,632.00 | $1,347,951.00 | $1,277,356.00 |
| Administration Expense | $326,939.00 | $155,800.00 | $116,327.00 |
| Fundraising Expense | $151,252.00 | $166,257.00 | $103,351.00 |
| Total Revenue/Total Expenses | 87% | 119% | 103% |
| Program Expense/Total Expenses | 74% | 81% | 85% |
| Fundraising Expense/Contributed Revenue | 8% | 10% | 7% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,528,380.00 | Contributions, Gifts, Grants $1,724,013.00 | Contributions, Gifts, and Grants $1,438,504.00 |
| Second Highest Funding Source & Dollar Amount | Noncash Contributions $22,850.00 | Government Grants $202,615.00 | Fundraising Events $58,949.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $18,598.00 | Noncash Contributions $30,000.00 | Noncash Contributions $46,867.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,518,819.00 | $1,787,100.00 | $1,663,855.00 |
| Current Assets | $750,338.00 | $986,811.00 | $889,152.00 |
| Long-Term Liabilities | $115,218.00 | $125,833.00 | $202,615.00 |
| Current Liabilities | $18,879.00 | $35,891.00 | $148,337.00 |
| Total Net Assets | $1,384,722.00 | $1,625,376.00 | $1,312,903.00 |
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
| 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. |
