Civic Intelligence

Mina Ministries Inc

EIN 20-4897104 • 501(c)3 • Raleigh, NC

Profile

Mina ministries, inc. Is committed to helping others achieve personal growth and development by providing emotional, physical, financial, and spiritual support through programs.

7601 Falls Of Neuse Rd Ste 150Raleigh, NC 27609

www.minaministries.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.03x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-16%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$399,143

Up $51,170 (+15%) from 2021

Liabilities

Up

$11,581

Up $4,600 (+66%) from 2021

Net Assets

Up

$387,562

Up $46,570 (+14%) from 2021

Revenue

Down

$421,559

Down $81,790 (-16%) from 2021

Expenses

Up

$374,989

Up $76,819 (+26%) from 2021

Net Income

Down

$46,570

Down $158,609 (-77%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $14,389Liabilities 2010: $11,2132010Assets 2011: $18,543Liabilities 2011: $11,362Net Assets 2011: $7,1812011Assets 2012: $26,964Liabilities 2012: $13,008Net Assets 2012: $13,9562012Assets 2013: $56,505Liabilities 2013: $2,862Net Assets 2013: $53,6432013Assets 2014: $65,293Liabilities 2014: $4,293Net Assets 2014: $61,0002014Assets 2015: $72,538Liabilities 2015: $7,068Net Assets 2015: $65,4702015Assets 2016: $135,308Liabilities 2016: $3,884Net Assets 2016: $131,4242016Assets 2017: $124,961Liabilities 2017: $3,874Net Assets 2017: $121,0872017Assets 2018: $98,879Liabilities 2018: $4,727Net Assets 2018: $94,1522018Assets 2019: $118,919Liabilities 2019: $4,849Net Assets 2019: $114,0702019Assets 2020: $156,962Liabilities 2020: $21,149Net Assets 2020: $135,8132020Assets 2021: $347,973Liabilities 2021: $6,981Net Assets 2021: $340,9922021Assets 2022: $399,143Liabilities 2022: $11,581Net Assets 2022: $387,5622022

Highlighted filing

2022

Assets$399,143
Liabilities$11,581
Net Assets$387,562

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $106,816Expenses 2010: $109,491Net Income 2010: -$2,6752010Revenue 2011: $113,856Expenses 2011: $109,851Net Income 2011: $4,0052011Revenue 2012: $129,985Expenses 2012: $123,210Net Income 2012: $6,7752012Revenue 2013: $214,680Expenses 2013: $174,993Net Income 2013: $39,6872013Revenue 2014: $214,009Expenses 2014: $206,652Net Income 2014: $7,3572014Revenue 2015: $204,374Expenses 2015: $199,904Net Income 2015: $4,4702015Revenue 2016: $286,783Expenses 2016: $220,829Net Income 2016: $65,9542016Revenue 2017: $217,597Expenses 2017: $227,934Net Income 2017: -$10,3372017Revenue 2018: $240,556Expenses 2018: $267,491Net Income 2018: -$26,9352018Revenue 2019: $282,261Expenses 2019: $262,342Net Income 2019: $19,9192019Revenue 2020: $238,345Expenses 2020: $216,602Net Income 2020: $21,7432020Revenue 2021: $503,349Expenses 2021: $298,170Net Income 2021: $205,1792021Revenue 2022: $421,559Expenses 2022: $374,989Net Income 2022: $46,5702022

Highlighted filing

2022

Revenue$421,559
Expenses$374,989
Net Income$46,570

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$3.99$0.12$3.88$4.22$3.75$0.47
2021Detailed filing. Detailed filing data is available for this year.$3.48$0.07$3.41$5.03$2.98$2.05
2020Detailed filing. Detailed filing data is available for this year.$1.57$0.21$1.36$2.38$2.17$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.05$1.14$2.82$2.62$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.05$0.94$2.41$2.67$0.27
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.04$1.21$2.18$2.28$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.04$1.31$2.87$2.21$0.66
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.07$0.65$2.04$2.00$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.04$0.61$2.14$2.07$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.57$0.03$0.54$2.15$1.75$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.13$0.14$1.30$1.23$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.11$0.07$1.14$1.10$0.04
2010Summary only. Only limited summary data is available for this year.$0.14$0.11$1.07$1.09$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$421,559
Mission and Program Overview

Mission

Mina ministries, inc. Is committed to helping others achieve personal growth and development by providing emotional, physical, financial, and spiritual support through programs.

Mina ministries, inc. Is committed to helping others achieve personal growth and development by providing emotional, physical, financial and spiritual support through programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$340,992$387,562▲ $46,570
Cash and Non-Interest-Bearing Accounts$194,615$242,463▲ $47,848
Land, Buildings, and Equipment, Net$123,160$111,613▼ $11,547
Accounts Receivable$30,198$45,067▲ $14,869
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$347,973$399,143▲ $51,170
Liabilities
Other Liabilities$6,981$11,027▲ $4,046
Accounts Payable and Accrued Expenses$0$554▲ $554
Total Liabilities$6,981$11,581▲ $4,600
Net Assets / Fund Balance
Total Net Assets Fund Balance$340,992$387,562▲ $46,570
Total Liabilities and Net Assets / Fund Balance$347,973$399,143▲ $51,170

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$106,359$44,631$150,990
Equipment$5,027$81,707$86,734
Other Land Buildings$227$5,017$5,244
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark MillerPresidentFT$102,905$102,905

Board Members and Trustees

NameTitle
Bob MortonBoard Member
Dan SeamanBoard Member
Keith HarrodBoard Member
Mike PeeblesBoard Member
Cheryl LigonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$110,380
Program Service Revenue
$310,478
Investment Income
$0
Other Revenue
$701
All Other Contributions
$110,380
Change in Net Assets
$46,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$296,465
Other Expenses$78,524
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$172,492--$172,492
Current Officers, Directors, Trustees, and Key Employees$82,324$20,581-$102,905
Payroll Taxes$19,493$1,575-$21,068
Occupancy$17,004--$17,004
Depreciation Depletion$15,244--$15,244
Office Expenses$4,916$4,916-$9,832
Insurance$3,803$3,803-$7,606
Fees for Services Accounting-$3,404-$3,404
Information Technology$285$285-$570
Advertising$203--$203
Other Expenses$106$2,844-$106
Total Functional Expenses$337,581$37,408$0$374,989
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$11,027
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
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, Section A, Line 8B

The organization does not have any committees. Therefore there are no committee meetings needing to be documented.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the organization's treasurer and distributed to the board.

Form 990, Part VI, Section B, Line 15A

The board of directors determines compensation for the president with guidance from the senior pastor at north ridge church who is also on the board of directors. Compensation is reviewed in conjunction with his compensation as pastor with north ridge church and is based upon salary standards for pastors with similar expertise.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mina Ministries Inc
EIN
20-4897104
Phone
9195733211
Address
7601 FALLS OF NEUSE RD STE 150, RALEIGH, NC 27609

Signing Officer

Name
Cheryl Ligon
Title
Treasurer
Phone
9195733211
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Miller
Formed
2006
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
22
Volunteers
30

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Ronald a Batchelor
Phone
9197878212
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt078771
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt061443
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0174274
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0203490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0179113
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IRS990ScheduleA/PublicSupportPY509Pct00.97060
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt03725
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt09500
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES. THEREFORE THERE ARE NO COMMITTEE MEETINGS NEEDING TO BE DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S TREASURER AND DISTRIBUTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE PRESIDENT WITH GUIDANCE FROM THE SENIOR PASTOR AT NORTH RIDGE CHURCH WHO IS ALSO ON THE BOARD OF DIRECTORS. COMPENSATION IS REVIEWED IN CONJUNCTION WITH HIS COMPENSATION AS PASTOR WITH NORTH RIDGE CHURCH AND IS BASED UPON SALARY STANDARDS FOR PASTORS WITH SIMILAR EXPERTISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINA MINISTRIES INC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03605 GLENWOOD AVENUE SUITE 350
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD A BATCHELOR
ReturnHeader/ReturnTs02023-11-15T10:43:26-06:00

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