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Nonprofiteer
← GODS WAY MINISTRIES INC

Form 990 for tax year 2023

Filed by GODS WAY MINISTRIES INC.

Totals

Total revenue
$1,012,227
Total expenses
$1,018,557
Contributions and grants received
$810
Grants paid
$102,104
Program service revenue
$1,011,355
Investment income
$62
Other revenue
$0
Total assets, end of year
$522,666
Total liabilities, end of year
$604,810
Net assets or fund balances, end of year
-$82,144
Program services expenses (Part IX)
$761,732
Management and general expenses
$256,825
Fundraising expenses
$0
Program service expenses (Part III)
$761,732

Program services were 74.8% 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

    $810

  • 2a · Program service revenue: THRIFT STORE

    total $1,011,355 · related or exempt $1,011,355

  • 3 · Investment income

    total $62 · related or exempt $62

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,560 · program services $52,560

  • 2 · Grants to domestic individuals

    total $49,544 · program services $49,544

  • 5 · Compensation of officers, directors and key employees

    total $207,096 · management and general $207,096

  • 7 · Other salaries and wages

    total $195,269 · program services $195,269

  • 9 · Other employee benefits

    total $23,400 · management and general $23,400

  • 10 · Payroll taxes

    total $30,781 · program services $14,159 · management and general $16,622

  • 11c · Fees: accounting

    total $4,637 · program services $3,094 · management and general $1,543

  • 11g · Fees: other

    total $38,068 · program services $36,834 · management and general $1,234

  • 12 · Advertising and promotion

    total $1,664 · program services $1,664

  • 13 · Office expenses

    total $951 · program services $951

  • 14 · Information technology

    total $1,036 · program services $1,036

  • 17 · Travel

    total $2,597 · management and general $2,597

  • 20 · Interest

    total $48,549 · program services $48,549

  • 22 · Depreciation, depletion and amortization

    total $8,086 · program services $8,086

  • 23 · Insurance

    total $13,235 · program services $13,235

  • 24a · Other expenses: COGS

    total $57,324 · program services $57,324

  • 24b · Other expenses: UTILITIES

    total $48,243 · program services $48,243

  • 24c · Other expenses: STORE RENT

    total $181,733 · program services $177,400 · management and general $4,333

  • 24d · Other expenses: TAXES & LICENSES

    total $7,202 · program services $7,202

  • 24e · All other expenses

    total $46,582 · program services $46,582

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,575 · end of year $12,362

  • 2 · Savings and temporary cash investments

    beginning of year $6,656

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,000 · end of year $2,000

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

    $665,948

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

    $176,274

  • 10c · Land, buildings and equipment, net

    beginning of year $497,760 · end of year $489,674

  • 15 · Other assets

    beginning of year $18,630 · end of year $18,630

  • 23 · Secured mortgages and notes payable

    beginning of year $511,425 · end of year $501,174

  • 24 · Unsecured notes and loans payable

    beginning of year $90,635 · end of year $90,769

  • 25 · Other liabilities

    beginning of year $9,375 · end of year $12,867

  • 27 · Net assets without donor restrictions

    beginning of year -$75,814 · end of year -$82,144

Mission and programs · 2023

Mission

CHRISTIAN BASED OUTREACH MINISTRY SHARING THE GOSPEL OF JESUS CHRIST TO THOSE WITH LIFE CONTROLLING PROBLEMS AND THOSE WHO NEED ENCOURAGEMENT AND GUIDANCE

  • THE MINISTRY OPERATES 3 RETAIL THRIFT STORES TO PROVIDE GOOD SALABLE MERCHANDISE TO THOSE IN NEED. A BENEVOLENCE/VOLUNTEER EXCHANGE PROGRAM IS OFFERED TO PROVIDE GOODS TO INDIVIDUALS WHO CANNOT PAY IN EXCHANGE FOR VOLUNTEER TIME. THE THRIFT STORES PROVIDE VOLUNTEER OPPORTUNITIES TO THOSE WHO NEED TO FULFILL PROBATION, COMMUNITY SERVICE AND FOOD STAMP REQUIREMENTS. THE ORGANIZATION CONTRACTED WITH THREE STATEWIDE NON-PROFIT ORGANIZATIONS TO OFFER JOB OPPORTUNITIES TO CONTRACTED WORK VOLUNTEERS. THESE VOLUNTEERS ARE PREPARING AND TRAINING TO RE-ENTER THE WORK PLACE TO OBTAIN FINANCIAL INDEPENDENCE.

    Expenses $594,151

  • THE ORGANIZATION PROVIDES MINISTRY OUTREACH BY ACTING AS A REFERRAL SOURCE TO INDIVIDUALS LOOKING FOR CHRISTIAN BASED RESOURCES WITHIN THE STATE OF DELAWARE AND THROUGHOUT THE U.S., PROVIDES BIBLICALLY BASED COUNSELING TO THOSE IN NEED, AND FINANCIALLY SUPPORTS THE VARIOUS NATIONAL AND INTERNATIONAL NON-PROFIT MINISTRIES THAT SPECIFICALLY MEET THE NEEDS OF CHILDREN AND PROVIDE RECOVERY BASED INTERVENTION AND HOUSING TO THOSE WITH ADDICTIONS.

    Expenses $167,581

As filed on the 2023 return.

Listed in Part VII

  • Carrie Wood

    SECRETARY

    Total calculated
    $115,354
    From this org
    $115,354
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Roger Wood

    PRESIDENT

    Total calculated
    $91,742
    From this org
    $91,742
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dennis Yatuzis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • David Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Wayne Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2024
IRS schema version
2023v5.1
Source object
202432079349300108

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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