Liabilities / Assets
10th percentile
Higher debt load relative to assets than 10% of similar nonprofits.
EIN 59-3579886 • 501(c)3 • Lakeland, FL
Profile
Parker street ministries is a christ-centered organization committed to individual, family and community restoration, reconciliation and revitalization beginning in lakeland's parker street community.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
10th percentile
Higher debt load relative to assets than 10% of similar nonprofits.
Liabilities / Revenue
9th percentile
Higher debt load relative to revenue than 9% of similar nonprofits.
Net Margin
95th percentile
Higher net margin than 95% of similar nonprofits.
Top Officer Pay
22nd percentile
Higher top officer pay than 22% of similar nonprofits.
Top officer pay equals 1.4% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
91st percentile
Faster revenue growth than 91% of similar nonprofits.
Assets
Up$11,496,969
Up $5,858,673 (+104%) from 2023
Liabilities
Down$20,704
Down $3,815 (-16%) from 2023
Net Assets
Up$11,476,265
Up $5,862,488 (+104%) from 2023
Revenue
Up$7,472,354
Up $3,535,907 (+90%) from 2023
Expenses
Up$1,628,008
Up $232,956 (+17%) from 2023
Net Income
Up$5,844,346
Up $3,302,951 (+130%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Parker street ministries is a christ-centered organization committed to individual, family and community restoration, reconciliation and revitalization beginning in lakeland's parker street community.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,977,702 | $8,235,265 | ▲ $5,257,563 |
| Cash and Non-Interest-Bearing Accounts | $867,459 | $623,486 | ▼ $243,973 |
| Total Assets | $5,638,296 | $11,496,969 | ▲ $5,858,673 |
| Other Assets Total | $1,793,135 | $2,638,218 | ▲ $845,083 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $19,753 | $17,170 | ▼ $2,583 |
| Other Liabilities | $4,766 | $3,534 | ▼ $1,232 |
| Total Liabilities | $24,519 | $20,704 | ▼ $3,815 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,522,180 | $9,633,080 | ▲ $6,110,900 |
| Net Assets With Donor Restrictions | $2,091,597 | $1,843,185 | ▼ $248,412 |
| Total Net Assets Fund Balance | $5,613,777 | $11,476,265 | ▲ $5,862,488 |
| Total Liabilities and Net Assets / Fund Balance | $5,638,296 | $11,496,969 | ▲ $5,858,673 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $4,586,701 | $822,372 | $5,409,073 |
| Land | $3,648,568 | - | $3,648,568 |
| Other Assets Org | $2,700 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Timothy Mitchell | Executive Di | FT | $102,030 | $102,030 |
| Name | Title |
|---|---|
| Marc Presnell | Chair |
| Robbie Pearce | Vice Chair |
| Howard Bayless | Director |
| Kay Cochran | Director |
| Lynne Simpkins | Director |
| Monty Davis | Director |
| Sam Strawbridge | Director |
| Scott Macdonald | Director |
| Terri Presnell | Director |
| Teresa Bray | Immediate Pa |
| Tara Jessup | Secretary |
| Lance Schmidt CPA | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $920,848 |
| Other Expenses | $707,160 |
| Total Fundraising Expense | $67,324 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $609,111 | $33,151 | $41,014 | $683,276 |
| Occupancy | $141,120 | $1,440 | $1,440 | $144,000 |
| Depreciation Depletion | $117,727 | $2,497 | $1,201 | $121,425 |
| Current Officers, Directors, Trustees, and Key Employees | $76,523 | $21,426 | $4,081 | $102,030 |
| Other Employee Benefits | $66,069 | $5,259 | $4,346 | $75,674 |
| Payroll Taxes | $52,085 | $4,191 | $3,592 | $59,868 |
| Office Expenses | $787 | $38,527 | - | $39,314 |
| Fees for Services Accounting | - | $13,500 | - | $13,500 |
| Fees for Service Investment Mgmnt Fees | - | $12,136 | - | $12,136 |
| Other Expenses | $38,982 | $3,459 | $11,252 | $3,459 |
| All Other Expenses | - | $1,042 | - | $1,042 |
| Interest | - | $421 | - | $421 |
| Total Functional Expenses | $1,415,090 | $145,594 | $67,324 | $1,628,008 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $1,628,008 |
| Expenses per Audited Statements | $1,615,872 |
| Total Expenses per Audited Statements | $1,615,872 |
| Expenses Not Reported on Financial Statements | $12,136 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Finance Lease Right of Use Liability | $3,534 |
“Marc presnell terri presnell spouse scott macdonald sam strawbridge coworker”
“A copy of the form 990 is provided to the board prior to filing with the irs. In accordance with board policy for the respect of privacy of the organization's donors, a redacted form of schedule b (schedule of contributors) is provided to the entire board of trustrees for their review prior to filing. The treasurer reviews the 990 in its entirety before anything is redacted.”
“Trustees/staff complete documentation prior to being elected/hired regarding their background and involvement with parker street ministries, which is evaluated to identify potential areas of conflict of interest and evaluated by the executive committee before presenting the person for election/hiring. Annually, our trustees and staff are asked to provide any information related to new or ongoing conflicts of interest, which is reviewed and addressed accordingly.”
“Compensation is first reviewed by the finance committee using comparability data and the final decision is voted on by the board and recorded in the minutes.”
“Compensation is first reviewed by the finance committee using comparable data and the final decision is voted on by the board and recorded in the minutes.”
“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”
“Volunteers are vital resources for delivering programs. In 2024, 677 unduplicated volunteers logged more than 3,600 hours through psm and 28 of those volunteers were neighborhood residents. The in-kind value of volunteer hours in 2024 was 121,023.15 (independent sector). The organization's current long-range plan (2023-27) features four focus areas. Fostering spiritual growth: encouraging spiritual growth by making christ and his gospel central through the practice of spiritual disciplines. This equips parker street and north lake wire neighborhood residents to integrate these practices into their lives, no matter where they live. Supporting lifetime learners: offering year-round educational opportunities, including academic enrichment for k-12 students. A summer workforce program teaches young high schoolers essential job skills, provides stipends, and emphasizes the importance of saving. Stabilizing the neighborhood: enhancing the quality and availability of housing by leveraging volunteers and partnerships with landlords and agencies. Activities such as neighborhood cleanups, landscaping, home repairs, and the construction of homes for those underhoused and cost- burdened to stabilize families and contribute to a vibrant, mixed-income community. Cultivating connections: bridging gaps in relationships and services through activities like the neighborhood christmas store and community gatherings. Strengthening ministry connections with parker street and north lake wire families fosters a diverse community that learns from and cares for one another. Measures, program information, and financial documents can be found at psmlakeland.org or at candid.org.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 17170 |
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| IRS990/ActivityOrMissionDesc | 0 | PARKER STREET MINISTRIES IS A CHRIST-CENTERED ORGANIZATION COMMITTED TO INDIVIDUAL, FAMILY AND COMMUNITY RESTORATION, RECONCILIATION AND REVITALIZATION BEGINNING IN LAKELAND'S PARKER STREET COMMUNITY. |
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| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYOtherRevenueAmt | 0 | 50105 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | 5844346 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 920848 |
| IRS990/CYTotalExpensesAmt | 0 | 1628008 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 7472354 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 121425 |
| IRS990/Desc | 0 | VOLUNTEERS ARE VITAL RESOURCES FOR DELIVERING PROGRAMS. IN 2024, 677 UNDUPLICATED VOLUNTEERS LOGGED MORE THAN 3,600 HOURS THROUGH PSM AND 28 OF THOSE VOLUNTEERS WERE NEIGHBORHOOD RESIDENTS. THE IN-KIND VALUE OF VOLUNTEER HOURS IN 2024 WAS 121,023.15 (INDEPENDENT SECTOR). THE ORGANIZATION'S CURRENT LONG-RANGE PLAN (2023-27) FEATURES FOUR FOCUS AREAS. FOSTERING SPIRITUAL GROWTH: ENCOURAGING SPIRITUAL GROWTH BY MAKING CHRIST AND HIS GOSPEL CENTRAL THROUGH THE PRACTICE OF SPIRITUAL DISCIPLINES. THIS EQUIPS PARKER STREET AND NORTH LAKE WIRE NEIGHBORHOOD RESIDENTS TO INTEGRATE THESE PRACTICES INTO THEIR LIVES, NO MATTER WHERE THEY LIVE. SUPPORTING LIFETIME LEARNERS: OFFERING YEAR-ROUND EDUCATIONAL OPPORTUNITIES, INCLUDING ACADEMIC ENRICHMENT FOR K-12 STUDENTS. A SUMMER WORKFORCE PROGRAM TEACHES YOUNG HIGH SCHOOLERS ESSENTIAL JOB SKILLS, PROVIDES STIPENDS, AND EMPHASIZES THE IMPORTANCE OF SAVING. STABILIZING THE NEIGHBORHOOD: ENHANCING THE QUALITY AND AVAILABILITY OF HOUSING BY LEVERAGING VOLUNTEERS AND PARTNERSHIPS WITH LANDLORDS AND AGENCIES. ACTIVITIES SUCH AS NEIGHBORHOOD CLEANUPS, LANDSCAPING, HOME REPAIRS, AND THE CONSTRUCTION OF HOMES FOR THOSE UNDERHOUSED AND COST- BURDENED TO STABILIZE FAMILIES AND CONTRIBUTE TO A VIBRANT, MIXED-INCOME COMMUNITY. CULTIVATING CONNECTIONS: BRIDGING GAPS IN RELATIONSHIPS AND SERVICES THROUGH ACTIVITIES LIKE THE NEIGHBORHOOD CHRISTMAS STORE AND COMMUNITY GATHERINGS. STRENGTHENING MINISTRY CONNECTIONS WITH PARKER STREET AND NORTH LAKE WIRE FAMILIES FOSTERS A DIVERSE COMMUNITY THAT LEARNS FROM AND CARES FOR ONE ANOTHER. MEASURES, PROGRAM INFORMATION, AND FINANCIAL DOCUMENTS CAN BE FOUND AT PSMLAKELAND.ORG OR AT CANDID.ORG. |
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| IRS990/GamingActivitiesInd | 0 | false |
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| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 9057636 |
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| IRS990/MembersOrStockholdersInd | 0 | false |
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| IRS990/MissionDesc | 0 | PARKER STREET MINISTRIES IS A CHRIST-CENTERED ORGANIZATION COMMITTED TO INDIVIDUAL, FAMILY AND COMMUNITY RESTORATION, RECONCILIATION AND REVITALIZATION BEGINNING IN LAKELAND'S PARKER STREET COMMUNITY. |
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| IRS990/OtherExpensesGrp/Desc | 3 | MEALS |
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| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 11252 |
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| IRS990/PrincipalOfficerNm | 0 | TIMOTHY MITCHELL |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | RENTAL INCOME 110,854 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 3026 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 2700 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | ASSET HELD BY OTHERS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | CONSTRUCTION IN PROGRESS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | PREPAID INSURANCE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | CASH HELD AT ESCROW |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | FINANCE LEASE RIGHT OF USE ASSET |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | UTILITY DEPOSITS |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | FINANCE LEASE RIGHT OF USE LIABILITY |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | VOLUNTEERS ARE VITAL RESOURCES FOR DELIVERING PROGRAMS. IN 2024, 677 UNDUPLICATED VOLUNTEERS LOGGED MORE THAN 3,600 HOURS THROUGH PSM AND 28 OF THOSE VOLUNTEERS WERE NEIGHBORHOOD RESIDENTS. THE IN-KIND VALUE OF VOLUNTEER HOURS IN 2024 WAS 121,023.15 (INDEPENDENT SECTOR). THE ORGANIZATION'S CURRENT LONG-RANGE PLAN (2023-27) FEATURES FOUR FOCUS AREAS. FOSTERING SPIRITUAL GROWTH: ENCOURAGING SPIRITUAL GROWTH BY MAKING CHRIST AND HIS GOSPEL CENTRAL THROUGH THE PRACTICE OF SPIRITUAL DISCIPLINES. THIS EQUIPS PARKER STREET AND NORTH LAKE WIRE NEIGHBORHOOD RESIDENTS TO INTEGRATE THESE PRACTICES INTO THEIR LIVES, NO MATTER WHERE THEY LIVE. SUPPORTING LIFETIME LEARNERS: OFFERING YEAR-ROUND EDUCATIONAL OPPORTUNITIES, INCLUDING ACADEMIC ENRICHMENT FOR K-12 STUDENTS. A SUMMER WORKFORCE PROGRAM TEACHES YOUNG HIGH SCHOOLERS ESSENTIAL JOB SKILLS, PROVIDES STIPENDS, AND EMPHASIZES THE IMPORTANCE OF SAVING. STABILIZING THE NEIGHBORHOOD: ENHANCING THE QUALITY AND AVAILABILITY OF HOUSING BY LEVERAGING VOLUNTEERS AND PARTNERSHIPS WITH LANDLORDS AND AGENCIES. ACTIVITIES SUCH AS NEIGHBORHOOD CLEANUPS, LANDSCAPING, HOME REPAIRS, AND THE CONSTRUCTION OF HOMES FOR THOSE UNDERHOUSED AND COST- BURDENED TO STABILIZE FAMILIES AND CONTRIBUTE TO A VIBRANT, MIXED-INCOME COMMUNITY. CULTIVATING CONNECTIONS: BRIDGING GAPS IN RELATIONSHIPS AND SERVICES THROUGH ACTIVITIES LIKE THE NEIGHBORHOOD CHRISTMAS STORE AND COMMUNITY GATHERINGS. STRENGTHENING MINISTRY CONNECTIONS WITH PARKER STREET AND NORTH LAKE WIRE FAMILIES FOSTERS A DIVERSE COMMUNITY THAT LEARNS FROM AND CARES FOR ONE ANOTHER. MEASURES, PROGRAM INFORMATION, AND FINANCIAL DOCUMENTS CAN BE FOUND AT PSMLAKELAND.ORG OR AT CANDID.ORG. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MARC PRESNELL TERRI PRESNELL SPOUSE SCOTT MACDONALD SAM STRAWBRIDGE COWORKER |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. IN ACCORDANCE WITH BOARD POLICY FOR THE RESPECT OF PRIVACY OF THE ORGANIZATION'S DONORS, A REDACTED FORM OF SCHEDULE B (SCHEDULE OF CONTRIBUTORS) IS PROVIDED TO THE ENTIRE BOARD OF TRUSTREES FOR THEIR REVIEW PRIOR TO FILING. THE TREASURER REVIEWS THE 990 IN ITS ENTIRETY BEFORE ANYTHING IS REDACTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TRUSTEES/STAFF COMPLETE DOCUMENTATION PRIOR TO BEING ELECTED/HIRED REGARDING THEIR BACKGROUND AND INVOLVEMENT WITH PARKER STREET MINISTRIES, WHICH IS EVALUATED TO IDENTIFY POTENTIAL AREAS OF CONFLICT OF INTEREST AND EVALUATED BY THE EXECUTIVE COMMITTEE BEFORE PRESENTING THE PERSON FOR ELECTION/HIRING. ANNUALLY, OUR TRUSTEES AND STAFF ARE ASKED TO PROVIDE ANY INFORMATION RELATED TO NEW OR ONGOING CONFLICTS OF INTEREST, WHICH IS REVIEWED AND ADDRESSED ACCORDINGLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | COMPENSATION IS FIRST REVIEWED BY THE FINANCE COMMITTEE USING COMPARABILITY DATA AND THE FINAL DECISION IS VOTED ON BY THE BOARD AND RECORDED IN THE MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | COMPENSATION IS FIRST REVIEWED BY THE FINANCE COMMITTEE USING COMPARABLE DATA AND THE FINAL DECISION IS VOTED ON BY THE BOARD AND RECORDED IN THE MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
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