Civic Intelligence

Liferesource Ministries Inc.

990 • Fiscal year 2014 • EIN 20-1613651

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 11, 2015

8608 Claridge Pl NWAlbuquerque, NM 87114

(505) 860-6806

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.06x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

25th percentile

-8.5%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

24th percentile

-14%

Faster asset growth than 24% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-14%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$29,932

Down $4,983 (-14%) from 2013

Net Assets

Down

$28,259

Down $4,900 (-15%) from 2013

Liabilities

Down

$1,673

Down $83 (-4.7%) from 2013

Revenue

Down

$57,937

Down $9,349 (-14%) from 2013

Expenses

Up

$62,837

Up $3,635 (+6.1%) from 2013

Net Income

Down

-$4,900

Down $12,984 (-161%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$30K$20K$10K$0Assets 2010: $34,118Liabilities 2010: $2,476Net Assets 2010: $31,6422010Assets 2011: $34,556Liabilities 2011: $3,306Net Assets 2011: $31,2502011Assets 2012: $26,799Liabilities 2012: $1,724Net Assets 2012: $25,0752012Assets 2013: $34,915Liabilities 2013: $1,756Net Assets 2013: $33,1592013Assets 2014: $29,932Liabilities 2014: $1,673Net Assets 2014: $28,2592014Assets 2015: $25,040Liabilities 2015: $790Net Assets 2015: $24,2502015Assets 2016: $32,197Liabilities 2016: $865Net Assets 2016: $31,3322016Assets 2017: $24,204Liabilities 2017: $1,002Net Assets 2017: $23,2022017Assets 2019: $36,840Liabilities 2019: $1,169Net Assets 2019: $35,6712019Assets 2020: $25,718Liabilities 2020: $1,017Net Assets 2020: $24,7012020Assets 2021: $31,961Liabilities 2021: $278Net Assets 2021: $31,6832021Assets 2022: $17,867Liabilities 2022: $408Net Assets 2022: $17,4592022Assets 2023: $10,008Liabilities 2023: $385Net Assets 2023: $9,6232023Assets 2024: $5,208Liabilities 2024: $1,025Net Assets 2024: $4,1832024

Highlighted filing

2014

Assets$29,932
Liabilities$1,673
Net Assets$28,259

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KExpenses 2010: $84,8782010Expenses 2011: $61,4222011Revenue 2012: $49,327Expenses 2012: $55,502Net Income 2012: -$6,1752012Revenue 2013: $67,286Expenses 2013: $59,202Net Income 2013: $8,0842013Revenue 2014: $57,937Expenses 2014: $62,837Net Income 2014: -$4,9002014Revenue 2015: $58,786Expenses 2015: $62,795Net Income 2015: -$4,0092015Revenue 2016: $50,394Expenses 2016: $43,312Net Income 2016: $7,0822016Revenue 2017: $36,219Expenses 2017: $44,349Net Income 2017: -$8,1302017Revenue 2019: $51,194Expenses 2019: $42,460Net Income 2019: $8,7342019Revenue 2020: $50,960Expenses 2020: $61,930Net Income 2020: -$10,9702020Revenue 2021: $56,829Expenses 2021: $49,847Net Income 2021: $6,9822021Revenue 2022: $49,551Expenses 2022: $63,775Net Income 2022: -$14,2242022Revenue 2023: $40,592Expenses 2023: $48,428Net Income 2023: -$7,8362023Revenue 2024: $36,271Expenses 2024: $41,711Net Income 2024: -$5,4402024

Highlighted filing

2014

Revenue$57,937
Expenses$62,837
Net Income-$4,900
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 11, 2015
Return Version
2014v5.0
Gross Receipts
$57,937
Mission and Program Overview

Mission

To educate parents and congregations about how to help their children develop a relationship with God. LRM produces audio materials and delivers seminars on this topic.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,915$29,932▼ $4,983
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$34,915$29,932▼ $4,983
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$275$898▲ $623
Other Liabilities$1,481$775▼ $706
Total Liabilities$1,756$1,673▼ $83
Net Assets / Fund Balance
Unrestricted Net Assets$33,159$28,259▼ $4,900
Total Net Assets Fund Balance$33,159$28,259▼ $4,900
Total Liabilities and Net Assets / Fund Balance$34,915$29,932▼ $4,983

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$719$719
Equipment-$551$551
Compensation and Service Providers

Board Members and Trustees

NameTitle
William R JacobsPresident
Donna O'BrienDirector
William R JacobsMinister
Kimberly GardSec - Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$57,917
Program Service Revenue
$0
Investment Income
$20
Other Revenue
$0
All Other Contributions
$57,917
Change in Net Assets
$-4,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$47,502
Other Expenses$15,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$23,286$2,303-$25,589
Other Employee Benefits$19,941$1,972-$21,913
Travel$6,094$603-$6,697
Fees for Services Accounting$1,607$159-$1,766
All Other Expenses$451$45-$496
Advertising$400$40-$440
Other Expenses$154$15-$169
Office Expenses$43$4-$47
Interest$3--$3
Total Functional Expenses$57,181$5,656$0$62,837
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$575
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Liferesource Ministries Inc
EIN
20-1613651
Phone
5058606806
Address
8608 Claridge Pl NW, Albuquerque, NM 87114

Signing Officer

Name
William R Jacobs
Title
President
Signed
2015-03-11
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
3
Independent Board Members
0
Employees
1

Preparer

Firm
Accounting Concepts INC
Address
6101 Marble NE Suite 10, Albuquerque, NM 87110
Preparer
Jana S Hunt RTRP
Phone
5052555020
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IRS990ScheduleA/TotalSupportAmt0309195
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0551
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0551
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt0200
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0719
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes
IRS990ScheduleD/TotalLiabilityAmt0775
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt034915
IRS990/TotalAssetsEOYAmt029932
IRS990/TotalAssetsGrp/BOYAmt034915
IRS990/TotalAssetsGrp/EOYAmt029932
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt057917
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05656
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt057181
IRS990/TotalFunctionalExpensesGrp/TotalAmt062837
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01756
IRS990/TotalLiabilitiesEOYAmt01673
IRS990/TotalLiabilitiesGrp/BOYAmt01756
IRS990/TotalLiabilitiesGrp/EOYAmt01673
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt033159
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028259
IRS990/TotalProgramServiceExpensesAmt057181
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt057937
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034915
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029932
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0603
IRS990/TravelGrp/ProgramServicesAmt06094
IRS990/TravelGrp/TotalAmt06697
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt033159
IRS990/UnrestrictedNetAssetsGrp/EOYAmt028259
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William R Jacobs
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Liferesource Ministries Inc
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0201613651
ReturnHeader/Filer/PhoneNum05058606806
ReturnHeader/Filer/USAddress/AddressLine1Txt08608 Claridge Pl NW
ReturnHeader/Filer/USAddress/CityNm0Albuquerque
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087114
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Accounting Concepts INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06101 Marble NE Suite 10
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Albuquerque
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087110
ReturnHeader/PreparerPersonGrp/PhoneNum05052555020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jana S Hunt RTRP
ReturnHeader/ReturnTs02015-03-11T09:18:25-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.21$1.03$4.18$36.3$41.7$5.44
2023Detailed filing. Detailed filing data is available for this year.$10.0$0.39$9.62$40.6$48.4$7.84
2022Detailed filing. Detailed filing data is available for this year.$17.9$0.41$17.5$49.6$63.8$14.2
2021Detailed filing. Detailed filing data is available for this year.$32.0$0.28$31.7$56.8$49.8$6.98
2020Detailed filing. Detailed filing data is available for this year.$25.7$1.02$24.7$51.0$61.9$11.0
2019Detailed filing. Detailed filing data is available for this year.$36.8$1.17$35.7$51.2$42.5$8.73
2017Detailed filing. Detailed filing data is available for this year.$24.2$1.00$23.2$36.2$44.3$8.13
2016Detailed filing. Detailed filing data is available for this year.$32.2$0.87$31.3$50.4$43.3$7.08
2015Detailed filing. Detailed filing data is available for this year.$25.0$0.79$24.3$58.8$62.8$4.01
2014Detailed filing. Detailed filing data is available for this year.$29.9$1.67$28.3$57.9$62.8$4.90
2013Detailed filing. Detailed filing data is available for this year.$34.9$1.76$33.2$67.3$59.2$8.08
2012Summary only. Only limited summary data is available for this year.$26.8$1.72$25.1$49.3$55.5$6.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$3.31$31.3$61.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$2.48$31.6$84.9
Peer Organizations

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