Civic Intelligence

Ltf Ministries Inc

990EZ • Fiscal year 2018 • EIN 26-3482730

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

15651 W Cameron DrSurprise, AZ 85379

(602) 670-2667

Siviq Scores

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

Liabilities / Assets

84th percentile

0.22x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$13,275

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

96th percentile

234%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$44,924

Up $31,459 (+234%) from 2017

Net Assets

Up

$34,843

Up $26,252 (+306%) from 2017

Liabilities

Up

$10,081

Up $5,207 (+107%) from 2017

Revenue

Up

$87,414

Up $15,044 (+21%) from 2017

Expenses

Down

$61,163

Down $13,697 (-18%) from 2017

Net Income

Up

$26,251

Up $28,741 (+1154%) from 2017

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2015: $34,582Net Assets 2015: $34,5822015Assets 2016: $11,081Net Assets 2016: $11,0812016Assets 2017: $13,465Liabilities 2017: $4,874Net Assets 2017: $8,5912017Assets 2018: $44,924Liabilities 2018: $10,081Net Assets 2018: $34,8432018Assets 2019: $32,335Liabilities 2019: $5,498Net Assets 2019: $26,8372019Assets 2020: $54,369Liabilities 2020: $511Net Assets 2020: $53,8582020Assets 2021: $92,915Liabilities 2021: -$778Net Assets 2021: $93,6932021Assets 2022: $87,432Liabilities 2022: $0Net Assets 2022: $87,4322022Assets 2023: $42,224Net Assets 2023: $42,2242023Assets 2024: $23,334Net Assets 2024: $23,3342024

Highlighted filing

2018

Assets$44,924
Liabilities$10,081
Net Assets$34,843

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2015: $93,110Expenses 2015: $78,484Net Income 2015: $14,6262015Revenue 2016: $63,467Expenses 2016: $86,968Net Income 2016: -$23,5012016Revenue 2017: $72,370Expenses 2017: $74,860Net Income 2017: -$2,4902017Revenue 2018: $87,414Expenses 2018: $61,163Net Income 2018: $26,2512018Revenue 2019: $93,444Expenses 2019: $101,450Net Income 2019: -$8,0062019Revenue 2020: $159,360Expenses 2020: $128,160Net Income 2020: $31,2002020Revenue 2021: $243,939Expenses 2021: $204,104Net Income 2021: $39,8352021Revenue 2022: $236,211Expenses 2022: $242,472Net Income 2022: -$6,2612022Revenue 2023: $89,141Expenses 2023: $134,348Net Income 2023: -$45,2072023Revenue 2024: $56,282Expenses 2024: $75,172Net Income 2024: -$18,8902024

Highlighted filing

2018

Revenue$87,414
Expenses$61,163
Net Income$26,251
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$88,434
Mission and Program Overview

Mission

The purpose of LTF Ministries is to create opportunities for individuals, ministries and churches to grow in their relationships with Jesus Christ - initially through extended seasons of worship and prayer, but gradually including opportunities to bring training and equipping through gatherings that are hosted by LTF or in which LTF has been invited to participate. Ultimately, it is the vision of LTF to help mobilize and launch individuals, ministries and churches in the areas of prayer, discipleship, and outreach to make a difference in the communities in which they live.

The purpose of the ministry is to create opportunities to for individuals, ministries and churches to grow in their relationship with jesus christ- initially through extended seasons of worship and prayer, but gradually including opportunities to bring training and equipping through gatherings that are hosted by ltf or in which ltf has been invited to participate. Ultimately, it is the vision of ltf to help mobilize and launch individuals, ministries, and churches in the areas of prayer, discipleship, and outreach to make a difference in the community in which they live.

Program Services

DescriptionGrantsExpenses
DURING 2018 WE CONTINUED TO OFFER SEVERAL TRAINING SCHOOLS THROUGHOUT ARIZONA, AND OFFERED MULTIPLE SHORT TRAINING SEMINARS AS WELL. WE ARE ESTABLISHING A BASE AND HOLD TRAININGS TWICE A WEEK ON AN ONGOING BASIS. THE MINISTRY TEAM TRAVELED EXTENSIVELY THROUGHOUT THE US AND INTERNATIONALLY, PROVIDING TRAINING AND MOBILIZING BELIEVERS, ESPECIALLY IN THE AREA OF PRAYER. THE NATIONAL AND INTERNATIONAL TRIPS WERE MISSION FOCUSED AND FUNDED THROUGH THE MINISTRY.-$57,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEBORAH WELCHPresidentPT$13,275-$13,275
JACK WELCHVice PresidePT$12,100-$12,100
LAURA KAINOSecretaryPT$0--
RANDY HARPERDirector-$0--
TERRI HARPERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ltf Ministries
EIN
26-3482730
Phone
6026702667
Address
15651 W CAMERON DR, SURPRISE, AZ 85379

Signing Officer

Name
Deborah Welch
Title
President
Phone
6026702667
Signed
2019-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Schneider & Associate Cpas Pc
Address
727 E BETHANY HOME RD STE D122, PHOENIX, AZ 85014
Preparer
Stacy a Schneider
Phone
6022772117
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Other revenue 455 total 455

Form 990-ez, Part I, Line 16

Expenses internet, phone 1,661 travel 11,609 travel meals 1,138 meetings, conferences 3,634 interest expense 1,164 insurance 250 charitable contributions 6,994 bank charges 810 meals and entertainment 197 commissions & fees 95 payroll processing 911 repairs 1,655 ministry supplies 1,844 miscellaneous 151 non-investment depreciation 1,013 total 33,126

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 131 6,528 fixed assets 5,094 7,006 less accumulated depreciation 2,156 3,169 total 3,069 10,365

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 4,874 10,081

Form 990-ez, Part III

The purpose of the ministry is to create opportunities to for individuals, ministries and churches to grow in their relationship with jesus christ- initially through extended seasons of worship and prayer, but gradually including opportunities to bring training and equipping through gatherings that are hosted by ltf or in which ltf has been invited to participate. Ultimately, it is the vision of ltf to help mobilize and launch individuals, ministries, and churches in the areas of prayer, discipleship, and outreach to make a difference in the community in which they live.

Form 990-ez, Part III, Line 28

During 2018 we continued to offer several training schools throughout arizona, and offered multiple short training seminars as well. We are establishing a base and hold trainings twice a week on an ongoing basis. The ministry team traveled extensively throughout the us and internationally, providing training and mobilizing believers, especially in the area of prayer. The national and international trips were mission focused and funded through the ministry.

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IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE MINISTRY IS TO CREATE OPPORTUNITIES TO FOR INDIVIDUALS, MINISTRIES AND CHURCHES TO GROW IN THEIR RELATIONSHIP WITH JESUS CHRIST- INITIALLY THROUGH EXTENDED SEASONS OF WORSHIP AND PRAYER, BUT GRADUALLY INCLUDING OPPORTUNITIES TO BRING TRAINING AND EQUIPPING THROUGH GATHERINGS THAT ARE HOSTED BY LTF OR IN WHICH LTF HAS BEEN INVITED TO PARTICIPATE. ULTIMATELY, IT IS THE VISION OF LTF TO HELP MOBILIZE AND LAUNCH INDIVIDUALS, MINISTRIES, AND CHURCHES IN THE AREAS OF PRAYER, DISCIPLESHIP, AND OUTREACH TO MAKE A DIFFERENCE IN THE COMMUNITY IN WHICH THEY LIVE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER REVENUE 455 TOTAL 455
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES INTERNET, PHONE 1,661 TRAVEL 11,609 TRAVEL MEALS 1,138 MEETINGS, CONFERENCES 3,634 INTEREST EXPENSE 1,164 INSURANCE 250 CHARITABLE CONTRIBUTIONS 6,994 BANK CHARGES 810 MEALS AND ENTERTAINMENT 197 COMMISSIONS & FEES 95 PAYROLL PROCESSING 911 REPAIRS 1,655 MINISTRY SUPPLIES 1,844 MISCELLANEOUS 151 NON-INVESTMENT DEPRECIATION 1,013 TOTAL 33,126
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPAID EXPENSES AND DEFERRED CHARGES 131 6,528 FIXED ASSETS 5,094 7,006 LESS ACCUMULATED DEPRECIATION 2,156 3,169 TOTAL 3,069 10,365
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,874 10,081
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PURPOSE OF THE MINISTRY IS TO CREATE OPPORTUNITIES TO FOR INDIVIDUALS, MINISTRIES AND CHURCHES TO GROW IN THEIR RELATIONSHIP WITH JESUS CHRIST- INITIALLY THROUGH EXTENDED SEASONS OF WORSHIP AND PRAYER, BUT GRADUALLY INCLUDING OPPORTUNITIES TO BRING TRAINING AND EQUIPPING THROUGH GATHERINGS THAT ARE HOSTED BY LTF OR IN WHICH LTF HAS BEEN INVITED TO PARTICIPATE. ULTIMATELY, IT IS THE VISION OF LTF TO HELP MOBILIZE AND LAUNCH INDIVIDUALS, MINISTRIES, AND CHURCHES IN THE AREAS OF PRAYER, DISCIPLESHIP, AND OUTREACH TO MAKE A DIFFERENCE IN THE COMMUNITY IN WHICH THEY LIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING 2018 WE CONTINUED TO OFFER SEVERAL TRAINING SCHOOLS THROUGHOUT ARIZONA, AND OFFERED MULTIPLE SHORT TRAINING SEMINARS AS WELL. WE ARE ESTABLISHING A BASE AND HOLD TRAININGS TWICE A WEEK ON AN ONGOING BASIS. THE MINISTRY TEAM TRAVELED EXTENSIVELY THROUGHOUT THE US AND INTERNATIONALLY, PROVIDING TRAINING AND MOBILIZING BELIEVERS, ESPECIALLY IN THE AREA OF PRAYER. THE NATIONAL AND INTERNATIONAL TRIPS WERE MISSION FOCUSED AND FUNDED THROUGH THE MINISTRY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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