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Nonprofiteer
← TRANSFORMATION MINISTRIES INC

Form 990 for tax year 2023

Filed by TRANSFORMATION MINISTRIES INC.

Totals

Total revenue
$1,568,159
Total expenses
$1,201,243
Contributions and grants received
$1,546,262
Grants paid
$4,250
Program service revenue
$1,800
Investment income
$23,022
Other revenue
-$2,925
Total assets, end of year
$7,450,508
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,450,508
Program services expenses (Part IX)
$793,758
Management and general expenses
$303,327
Fundraising expenses
$104,158
Program service expenses (Part III)
$793,758

Program services were 66.1% 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

    $1,546,262

  • 1g · Noncash contributions included above

    $91,408

  • 2a · Program service revenue: FACILITY USAGE

    total $1,800 · related or exempt $1,800

  • 3 · Investment income

    total $23,022 · excluded $23,022

  • 10a · Gross sales of inventory

    $1,191

  • 10b · Cost of goods sold

    $4,116

  • 10c · Net income from sales of inventory

    total -$2,925 · related or exempt -$2,925

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,250 · program services $4,250

  • 5 · Compensation of officers, directors and key employees

    total $88,776 · program services $8,878 · management and general $39,949 · fundraising $39,949

  • 7 · Other salaries and wages

    total $463,638 · program services $297,078 · management and general $146,013 · fundraising $20,547

  • 9 · Other employee benefits

    total $44,340 · program services $24,558 · management and general $14,926 · fundraising $4,856

  • 10 · Payroll taxes

    total $41,112 · program services $22,770 · management and general $13,840 · fundraising $4,502

  • 11b · Fees: legal

    total $8,102 · management and general $8,102

  • 11c · Fees: accounting

    total $37,861 · management and general $37,861

  • 13 · Office expenses

    total $51,539 · program services $46,859 · management and general $4,680

  • 16 · Occupancy

    total $92,523 · program services $73,547 · management and general $18,976

  • 17 · Travel

    total $9,992 · program services $9,338 · management and general $654

  • 22 · Depreciation, depletion and amortization

    total $143,337 · program services $143,337

  • 23 · Insurance

    total $15,420 · program services $14,020 · management and general $1,400

  • 24a · Other expenses: FUNDRAISING - EVENTS

    total $29,004 · fundraising $29,004

  • 24b · Other expenses: REWARDS AND INCENTIVES

    total $20,836 · program services $20,836

  • 24c · Other expenses: GENERAL EXPENSES

    total $20,000 · program services $20,000

  • 24d · Other expenses: TM PROGRAMMING FOOD

    total $18,048 · program services $18,048

  • 24e · All other expenses

    total $112,465 · program services $90,239 · management and general $16,926 · fundraising $5,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $264,800 · end of year $195,708

  • 2 · Savings and temporary cash investments

    beginning of year $331,318

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

    $6,321,994

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

    $199,903

  • 10c · Land, buildings and equipment, net

    beginning of year $468,384 · end of year $6,122,091

  • 11 · Investments: publicly traded securities

    beginning of year $1,186,983 · end of year $1,132,709

  • 15 · Other assets

    beginning of year $4,695,137

  • 27 · Net assets without donor restrictions

    beginning of year $6,922,058 · end of year $7,424,369

  • 28 · Net assets with donor restrictions

    beginning of year $24,564 · end of year $26,139

Mission and programs · 2023

Mission

WE SEEK TO TRANSFORM THE HEARTS AND MINDS OF URBAN YOUTH AND THEIR FAMILIES WHILE CONNECTING OTHERS TO THE CITY IN A POSITIVE WAY.

  • IRON SHARPENS IRON (ISI) - WE EXIST TO SEE THE YOUTH LEADERS OF THE SOUTH BEND COMMUNITY BECOME POSITIVE INFLUENCERS WHO CHALLENGE, ENCOURAGE, AND SHARPEN THEIR PEERS, THEIR FAMILIES, AND THEIR COMMUNITY. WE BELIEVE THAT HEAVILY INVESTING IN A SMALL NUMBER OF STUDENTS AT A VERY DEEP LEVEL WILL PRODUCE GREATER LONG-TERM BENEFITS. ISI SERVED 75 STUDENTS IN THE YEAR ENDING JUNE 30, 2024.

    Expenses $788,857 · Revenue $1,800

  • SUMMER SKILLS ACADEMY - THE SUMMER SKILLS ACADEMY PROVIDES YOUTH IN THE SOUTH BEND AREA WITH LOVING RELATIONSHIPS IN A SAFE ENVIRONMENT DURING SUMMER BREAK. YOUTH ARE ABLE TO PICK A LEARNING TRACK, PARTICIPATE IN GROUP ACTIVITIES, RECEIVE TWO DAILY MEALS, PARTICIPATE IN SMALL GROUP MENTORING, AND GO ON FIELD TRIPS. ULTIMATELY, WE DESIRE FOR EVERYONE TO EXPERIENCE THE HOPE AND LOVE THAT JESUS OFFERS. SUMMER SKILLS SERVED 62 STUDENTS IN THE YEAR ENDING JUNE 30, 2024.

    Expenses $651

  • SCHOLARSHIPS - THE ORGANIZATION PROVIDES A ONE YEAR SCHOLARSHIP FOR ANY IRON SHARPENS IRON PARTICIPANT WHO GRADUATES HIGH SCHOOL AND CHOOSES TO ATTEND COLLEGE. FIVE SCHOLARSHIPS WERE AWARDED DURING THE YEAR ENDING JUNE 30, 2024.

    Expenses $4,250 · Grants $4,250

  • CITY LIGHT KIDS (CLK) IS A PROGRAM FOR ELEMENTARY STUDENTS THAT MEETS WEEKLY AFTER SCHOOL, THROUGHOUT THE SCHOOL YEAR. CLK FOSTERS AN ENVIRONMENT OF BELONGING AND OFFERS A SPACE FOR EACH STUDENT TO BE KNOWN AND ACCEPTED, PROVIDING A UNIQUE SUPPORT SYSTEM THAT COMES ALONGSIDE STUDENTS, THEIR IMMEDIATE FAMILY, AND THE SCHOOL SYSTEM. DURING THE COURSE OF A CLK GATHERING, STUDENTS WILL PLAY, PARTICIPATE IN LIFE SKILLS AND ENRICHMENT ACTIVITIES, RECEIVE ACADEMIC SUPPORT, AND SHARE IN A FAMILY STYLE MEAL. 40 PEOPLE PARTICIPATED IN THIS PROGRAM IN THE YEAR ENDING JUNE 30, 2024.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kory Lantz

    EXECUTIVE DI

    Total calculated
    $90,775
    From this org
    $88,775
    From related orgs
    $0
    Other
    $2,000
    Hours/week
    40

  • Terry Bley

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.38

  • Margie Helmuth

    TREASURER

    Total calculated
    $0
    Hours/week
    0.38

  • Redgina Hill

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.38

  • Mark Lantz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.38

  • Stephen Love

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.38

  • Ryan Mack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.38

  • Gil Michel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.38

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202413139349301736

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