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Nonprofiteer
← LMBM INC

Form 990 for tax year 2022

Filed by LMBM INC.

Totals

Total revenue
$116,732
Total expenses
$264,804
Contributions and grants received
$98,382
Grants paid
$2,226
Program service revenue
$14,162
Investment income
$2,128
Other revenue
$2,060
Total assets, end of year
$974,598
Total liabilities, end of year
$1,155,667
Net assets or fund balances, end of year
-$181,069
Program services expenses (Part IX)
$202,457
Management and general expenses
$62,347
Fundraising expenses
$0
Program service expenses (Part III)
$202,457

Program services were 76.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $98,382

  • 2a · Program service revenue

    total $14,162 · related or exempt $14,162

  • 3 · Investment income

    total $2,128 · related or exempt $2,128

  • 8a · Fundraising events: gross income

    $2,060

  • 8b · Fundraising events: direct expenses

    $2,553

  • 8c · Net income from fundraising events

    total -$493

  • 11a · Other revenue: SALE OF PRODUCT

    total $2,553 · related or exempt $2,553

  • 11e · Other revenue, total

    $2,553

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,226 · program services $2,226

  • 5 · Compensation of officers, directors and key employees

    total $71,900 · program services $53,206 · management and general $18,694

  • 7 · Other salaries and wages

    total $3,467 · program services $3,467

  • 10 · Payroll taxes

    total $8,738 · program services $2,750 · management and general $5,988

  • 11b · Fees: legal

    total $200 · program services $200

  • 11g · Fees: other

    total $7,800 · program services $7,800

  • 12 · Advertising and promotion

    total $4,394 · program services $4,394

  • 13 · Office expenses

    total $4,302 · program services $2,840 · management and general $1,462

  • 20 · Interest

    total $46,726 · program services $23,363 · management and general $23,363

  • 22 · Depreciation, depletion and amortization

    total $27,580 · program services $27,580

  • 23 · Insurance

    total $10,233 · management and general $10,233

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $15,290 · program services $15,290

  • 24b · Other expenses: PROPERTY TAXES

    total $14,714 · program services $14,714

  • 24c · Other expenses: UTILITIES

    total $14,275 · program services $14,275

  • 24d · Other expenses: MEALS & ENTERTAINMENT

    total $12,264 · program services $12,264

  • 24e · All other expenses

    total $20,695 · program services $18,088 · management and general $2,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,325 · end of year $27,573

  • 10a · Land, buildings and equipment: cost or other basis

    $915,658

  • 10b · Land, buildings and equipment: accumulated depreciation

    $69,018

  • 10c · Land, buildings and equipment, net

    beginning of year $865,736 · end of year $846,640

  • 11 · Investments: publicly traded securities

    beginning of year $1,347 · end of year $1,775

  • 15 · Other assets

    beginning of year $96,909 · end of year $98,610

  • 25 · Other liabilities

    beginning of year $1,032,632 · end of year $1,155,667

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$29,315 · end of year -$181,069

Mission and programs · 2022

Mission

LET ME BE MINISTRIES INC'S(LMBM INC)MISSION IS TO OFFER PRACTICAL APPLICATION OF TEACHINGS IN THE MESSAGE OF HOPE THROUGH FAITH BY INSPIRING AND RESTORING ALL PEOPLE THROUGH ENRICHING PERSONAL GROWTH, ENCOURAGING FULLNESS OF LIFE AND RESTORING THE VALUE OF FAMILY THROUGH GOD.

  • LET ME BE MINISTRIES INC (LMBM INC) SERVES AS EXTENSION OF THE CHURCH BY OFFERING PRACTICAL APPLICATIONS OF TEACHINGS BY ALLOWING GOD INTO PEOPLE'S DAILY LIVES AND INSPIRING THE WORLD WITH ENRICHMENT OF GROWTH, LIFE AND FAMILY.

    Expenses $202,457 · Grants $2,226 · Revenue $112,544

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gregory Wasinski

    EXECUTIVE DI

    Total calculated
    $36,000
    From this org
    $36,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Peterson

    TREASURER

    Total calculated
    $30,400
    From this org
    $30,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Aimee Wasinski

    SECRETARY

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303149349303630

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