NonprofitsNew Life Ministries Inc

New Life Ministries Inc

WAKE FOREST, NC

Total revenue

$516K

Total expenses

$419K

Net assets

$645K

Grants received

$630K

21 grants

EIN

561177254

Tax year

2024

Mission

To promote and execute facets of christian ministry for the spiritual and material benefit of orphans and state-run orphanages in the countries of the former soviet union.

Programs

3 programs

New life ministries sponsors summer camps for orphans in the western ukrainian town of truskovyets which also includes lifeskills lessons designed to help older orphans prepare for when they "age out" of the orphanage system.

The fresh start program provides transition help for orphans who have "aged out" of the orphanage system, but who want to continue their education. Transition apartments, funds for food and utilities, educational expenses, school supplies, transportation, etc. Are provided for those who want to continue their education in either training schools to learn a marketable skill or even university studies if the orphan has received their diploma and can pass entrance exams.

Travel and various program expenses used for all exempt purposes

Expenses: $20K

Financials

FY 2024

Revenue

Contributions & grants$503K
Program service revenue
Investment income$13K
Other revenue
Total revenue$516K

Expenses

Grants paid
Salaries & benefits$207K
Fundraising$2K
Other expenses$212K
Total expenses$419K
Total assets$649K
Net assets$645K

People

1 listed

NameRoleCompensation

GREGORY P GULLEY

EXECUTIVE DI

Board

$152K

40 hrs/wk

Grants received

Showing 21 of 21

FromAmountPurposeYear
$21K
For grant recipient's exempt purposes
2023
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$20K
For grant recipient's exempt purposes
2022
$16K
HUMAN SERVICES
2022
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$28K
For grant recipient's exempt purposes
2021
$28K
For grant recipient's exempt purposes
2021
$8K
For recipient's exempt purpose
2021
$17K
For grant recipient's exempt purposes
2020
$9K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$19K
For grant recipient's exempt purposes
2019
$20K
For grant recipient's exempt purposes
2018
$22K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$630K from 5 funders · 21 grants · 2017–2024

Donor Advised Charitable Giving Inc

$268K · 3 grants · 2021–2023

Fidelity Investments Charitable Gift Fund

$176K · 8 grants · 2017–2023

Natl Christian Charitable Fdn Inc

$140K · 5 grants · 2020–2024

Vanguard Charitable Endowment Program

$30K · 4 grants · 2020–2023

National Philanthropic Trust

$16K · 1 grant · 2022

Details

EIN561177254
Subsection03
Ruling date1978-07
Formed1977
Employees1
NEW LIFE MINISTRIES INC — Mission, Financials & Grants Received | Grantivo