Preston Taylor Ministries
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,700,320.00
Projected Expenses
$1,780,034.00
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 | $1,982,481.00 | $1,545,625.00 | |
| Total Expenses | $1,670,008.00 | $1,497,034.00 | |
| Revenue Less Expenses | ($-0.00) | $312,473.00 | $48,591.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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 | $202,615.00 | $0.00 | |
| Individual Contributions | $1,724,013.00 | $1,438,504.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $4,042.00 | $-729.00 | |
| Investment Income, Net of Losses | $395.00 | $2,034.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $21,416.00 | $58,949.00 | |
| Revenue In-Kind | $30,000.00 | $46,867.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,347,951.00 | $1,277,356.00 | |
| Administration Expense | $155,800.00 | $116,327.00 | |
| Fundraising Expense | $166,257.00 | $103,351.00 | |
| Total Revenue/Total Expenses | 119% | 103% | |
| Program Expense/Total Expenses | 81% | 85% | |
| Fundraising Expense/Contributed Revenue | 10% | 7% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $1,724,013.00 | Contributions, Gifts, and Grants $1,438,504.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $202,615.00 | Fundraising Events $58,949.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Noncash Contributions $30,000.00 | Noncash Contributions $46,867.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,787,100.00 | $1,663,855.00 | |
| Current Assets | $986,811.00 | $889,152.00 | |
| Long-Term Liabilities | $125,833.00 | $202,615.00 | |
| Current Liabilities | $35,891.00 | $148,337.00 | |
| Total Net Assets | $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
2023
Solicitations Permit
Form 990s
Audit Documents
| 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 7/22/22. |
