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Nonprofiteer
← LAKE CHRISTIAN MINISTRIES INC

Form 990 for tax year 2023

Filed by LAKE CHRISTIAN MINISTRIES INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 3 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$851,979
Total expenses
$659,384
Contributions and grants received
$690,775
Grants paid
$402,088
Program service revenue
$0
Investment income
$49,918
Other revenue
$111,286
Total assets, end of year
$1,930,569
Total liabilities, end of year
$2,604
Net assets or fund balances, end of year
$1,927,965
Program services expenses (Part IX)
$509,447
Management and general expenses
$147,520
Fundraising expenses
$2,417
Program service expenses (Part III)
$509,447

Program services were 77.3% 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

    $690,775

  • 1g · Noncash contributions included above

    $80,500

  • 3 · Investment income

    total $45,455 · related or exempt $8,057 · excluded $37,398

  • 7a · Gross sales of assets other than inventory

    other assets $5,000

  • 7b · Less cost or other basis and sales expenses

    other assets $537

  • 7c · Gain or loss

    other assets $4,463

  • 7d · Net gain or loss

    total $4,463 · related or exempt $4,463

  • 8a · Fundraising events: gross income

    $135,881

  • 8b · Fundraising events: direct expenses

    $24,595

  • 8c · Net income from fundraising events

    total $111,286

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $402,088 · program services $402,088

  • 7 · Other salaries and wages

    total $129,907 · program services $19,486 · management and general $110,421

  • 9 · Other employee benefits

    total $983 · program services $147 · management and general $836

  • 10 · Payroll taxes

    total $9,983 · program services $1,497 · management and general $8,486

  • 11b · Fees: legal

    total $45 · management and general $45

  • 11c · Fees: accounting

    total $4,588 · management and general $4,588

  • 13 · Office expenses

    total $6,106 · program services $1,272 · management and general $2,417 · fundraising $2,417

  • 16 · Occupancy

    total $53,743 · program services $46,642 · management and general $7,101

  • 17 · Travel

    total $1,681 · program services $288 · management and general $1,393

  • 22 · Depreciation, depletion and amortization

    total $20,245 · program services $20,245

  • 23 · Insurance

    total $8,089 · program services $2,855 · management and general $5,234

  • 24a · Other expenses: AUTOMOBILE EXPENSE

    total $9,655 · program services $9,655

  • 24b · Other expenses: LICENSES

    total $6,714 · program services $1,006 · management and general $5,708

  • 24c · Other expenses: TEMPORARY HELP

    total $3,408 · program services $2,897 · management and general $511

  • 24d · Other expenses: SUPPLIES

    total $1,369 · program services $1,369

  • 24e · All other expenses

    total $780 · management and general $780

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,717 · end of year $319

  • 2 · Savings and temporary cash investments

    beginning of year $1,121,108 · end of year $1,072,183

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,884 · end of year $6,871

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

    $780,218

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

    $228,147

  • 10c · Land, buildings and equipment, net

    beginning of year $491,450 · end of year $552,071

  • 12 · Investments: other securities

    beginning of year $41,567 · end of year $47,829

  • 15 · Other assets

    beginning of year $40,482 · end of year $251,296

  • 25 · Other liabilities

    beginning of year $2,763 · end of year $2,604

  • 27 · Net assets without donor restrictions

    beginning of year $970,447 · end of year $1,243,348

  • 28 · Net assets with donor restrictions

    beginning of year $761,998 · end of year $684,617

Mission and programs · 2023

Mission

TO ORGANIZE, CONDUCT, SUPPORT AND PROMOTE BENEVOLENT ACTIVITIES TO SELECTED RESIDENTS OF THE SMITH MOUNTAIN LAKE, VIRGINIA COMMUNITY.

  • THE ORGANIZATION AND CONDUCT OF BENEVOLENT ACTIVITIES AND SUPPORT FOR NEEDY RESIDENTS OF THE SMITH MOUNTAIN LAKE COMMUNITY.

    Expenses $509,447 · Grants $402,088

As filed on the 2023 return.

Listed in Part VII

  • Jon Atchue

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jim Bennett

    FACILITY IMP

    Total calculated
    $0
    Hours/week
    2

  • James Caskie

    FINANCE CHAI

    Total calculated
    $0
    Hours/week
    1

  • Andy Crawford

    DIR

    Total calculated
    $0
    Hours/week
    1

  • Rich Ellis

    COMMUNICATIO

    Total calculated
    $0
    Hours/week
    1

  • Jim Gilbert

    DIR

    Total calculated
    $0
    Hours/week
    1

  • Derek Layman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paul Marx

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ann Saad

    DIR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Shelton

    DIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Sutphin

    DIR

    Total calculated
    $0
    Hours/week
    1

  • Barry Welch

    MEMBER CHURC

    Total calculated
    $0
    Hours/week
    1

  • Ron Willlard

    DIR

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202431359349308038

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