ALPHA MINISTRIES INC

EIN: 311258315 501(c)(3) Religion

LYNCHBURG, VA

Total Revenue
$1,714,077
Total Expenses
$1,558,911
Total Assets
$1,605,935
Net Assets
$1,560,718
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
VA
Principal Officer
REV BENNY MATTHEWS
Phone
4349292500
Tax Period
2019-01-01 to 2019-12-31

ALPHA MINISTRIES INC, founded in 1988, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2019. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 9% surplus.

Mission

THE MISSION OF ALPHA MINISTRIES IS TO EXPRESS TO THE WORLD THE LOVE OF THE LORD JESUS CHRIST. AS FOLLOWERS OF JESUS CHRIST WE SERVE ALL PEOPLE, REGARDLESS OF RELIGION, RACE, ETHNICITY, GENDER OR NATIONALITY WITH THE ATTITUDE OF CHRIST.

Program Service Accomplishments

Program 1
Expenses: $1,396,053 Revenue: $3,000

ALPHA MINISTRIES SERVES THE PHYSICAL AND SPIRITUAL NEEDS OF PEOPLE IN COMMUNITIES AROUND THE WORLD BY: PROVIDING SPIRITUAL AND PHYSICAL AID, BUILDING COMMUNITY CENTERS, OLD AGE HOME AND ELDERLY...

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ALPHA MINISTRIES SERVES THE PHYSICAL AND SPIRITUAL NEEDS OF PEOPLE IN COMMUNITIES AROUND THE WORLD BY: PROVIDING SPIRITUAL AND PHYSICAL AID, BUILDING COMMUNITY CENTERS, OLD AGE HOME AND ELDERLY CENTER, ORGANIZING COMMUNITY DEVELOPMENT PROGRAMS, ADULT LITERACY EDUCATION, AND OTHER ASSISTANCE AS NEEDED. WE ARE ON THE FOREFRONT OF SAVING WOMEN AND CHILDREN FROM HUMAN TRAFFICKING. WE BELIEVE EVERY CHILD DESERVES A FUTURE AND WE GIVE CHILDREN A HEALTHY START IN LIFE BY PROVIDING AID FOR THOSE IN NEED, LITERACY PROGRAMS, HOUSING FOR NEEDY AND CLEAN WATER PROJECTS. WE MENTOR, PROVIDE LEADERSHIP AND DISCIPLESHIP TRAINING, SUPPORT M:28 TRAINING CENTERS, LITERATURE DISTRIBUTION, HUMANITARIAN AID DISTRIBUTION, DISASTER RELIEF, RELEASING CHILDREN AND ADULTS FROM POVERTY AS WELL AS MAKING A MEASURABLE DIFFERENCE IN THE LIVES OF CHILDREN, WOMEN AND FAMILIES IN NEED. ALPHA MINISTRIES IS ALSO SERVING THE PERSECUTED BELIEVERS THROUGH PRACTICAL AND SPIRITUAL ASSISTANCE WHILE LEADING BELIEVERS IN THE FREE WORLD INTO FELLOWSHIP WITH THEM. ALPHA MINISTRIES DIRECTLY ASSISTS FRONTLINE MESSENGERS, WORKERS AND BELIEVERS WHO CARRY OUT THEIR GOD GIVEN CALL IN THE FACE OF HOSTILITY AND PERSECUTION. PERSECUTION INCLUDES IMPRISONMENT, LOSS OF EMPLOYMENT AND POSSESSIONS, BEATINGS, AS WELL AS SOMETIMES EVEN THE DEATH OF THE BELIEVER. THEIR SUPPORT NEEDS ARE OFTEN UNIQUE AND DIFFERS ACCORDING TO THE REGION. WE PROVIDE ENCOURAGEMENT SUPPORT THROUGH M:28 TRAINING, IMPACT CENTER AND LEADERSHIP TRAINING, LIBERTY STOREHOUSE, AND ADOPT A MESSENGER. OTHER FIELD DRIVEN PROJECTS PROVIDE SPIRITUAL AND PHYSICAL AID TO THOSE THAT SUFFER FROM ATTACKS DUE TO THEIR FAITH, AS WELL AS HELPING THE WORKER ON THE FRONTLINES MEET THOSE NEEDS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $1,699,941
Program Service Revenue $0
Investment Income $11,136
Other Revenue $3,000
TOTAL REVENUE $1,714,077

Expense Breakdown

Grants Paid $909,524
Salaries & Benefits $110,488
Fundraising Expenses $71,592
Program Expenses $1,396,053
Other Expenses $538,899
TOTAL EXPENSES $1,558,911

Year-over-Year Comparison

2019 2018 Change
Revenue $1,714,077 $1,360,695 +0.3%
Expenses $1,558,911 $1,398,394 +0.1%
Net Income $155,166 $-37,699 -5.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
3
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$75,197
Total Directors
9
$75,197
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV BENNY MATTHEWS PRESIDENT & CEO 40.00
Officer Director
$75,197 $0 $75,197
MR DENNY MATTHEWS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
MR ROBERT ADCOCK SECRETARY 5.00
Officer Director
$0 $0 $0
FAITH-HANNAH MATTHEW HUGGINS TREASURER 5.00
Director
$0 $0 $0
CHRISTIAN OSBURN DIRECTOR 5.00
Director
$0 $0 $0
MR CHARLES BURKS DIRECTOR 5.00
Director
$0 $0 $0
MR MICHAEL RHODES DIRECTOR 5.00
Director
$0 $0 $0
MR SPENCE HACKNEY DIRECTOR 5.00
Director
$0 $0 $0
MR RONNIE WATERS DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $1,714,077 $1,558,911 $1,605,935 $155,166
2018 $1,360,695 $1,398,394 $1,428,082 $-37,699
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