TREE OF LIFE MINISTRIES OF DAYTONA BEACH FL INC

EIN: 593695664 501(c)(3) Religion

PORT ORANGE, FL

Total Revenue
$40,059
Total Expenses
$146,891
Total Assets
$768,736
Net Assets
$745,105
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
FREDERICK D GORINI
Phone
3868432261
Tax Period
2024-01-01 to 2024-12-31

TREE OF LIFE MINISTRIES OF DAYTONA BEACH FL INC, founded in 2001, is a micro nonprofit in the Religion sector that reported $40K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $147K exceeded revenue, resulting in a 267% operating deficit.

Mission

TREE OF LIFE MINISTRIES OF DAYTONA BEACH, FLORIDA, INC WILL CONTINUE TO PROMOTE THE CHRISTIAN GOSPEL PRIMARILY THROUGH TEACHING, DISTRIBUTION OF BOOKS AND TEACHING MATERIALS, AND BY PROVIDING GOVERNING AND ADMINISTRATIVE OVERSIGHT OF CHRISTIAN CHURCHES AND MINISTRIES BY DR FREDERICK D GORINI AND HIS MINISTRY STAFF. THE ACTIVITIES OF THE MINISTRY WILL INCLUDE IN ORDER OF IMPORTANCE AND PERCENTAGE OF TIME EXPENSED, THE FOLLOWING ACTIVITIES: TEACHING THE HOLY SCRIPTURES AT LOCAL CHURCHES, SEMINARS, RETREATS, CONVENTIONS, CONFERENCES AND CRUSADES BOTH IN THE THE USA AND OVERSEAS, IN ORDER TO STRENGTHEN AND ENCOURAGE CHRISTIAN BELIEVERS IN THEIR FAITH (40%) PROVIDING PERSONAL SCRIPTURAL ACCOUNTABILITY, INSTRUCTION AND ENCOURAGEMENT TO MINISTERS AND MINISTRIES WHO ARE ALSO INVOLVED IN THE FURTHERANCE OF CHRISTIAN LIVING (30%) WRITING BOOKS, PAMPHLETS AND TEACHING SYLLABI AND OTHER CHRISTIAN LITERATURE PERTINENT TO SCRIPTUAL VISION AND INSIGHT FOR FREE OF CHARGE DISTRIBUTION. (30%) THESE ACTI

Program Service Accomplishments

Program 1
Expenses: $2,800

DR GORINI AND A BOARD MEMBER TRAVELED TO A BELLVUE, WASHINGTON LOCAL CHURCH TO PARTICIPATE IN THE SETTING IN OF ELDERS TO ASSISST THE PASTOR IN OVERSEEING THE CONGREGATION. ONE OF TREE OF LIFE...

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DR GORINI AND A BOARD MEMBER TRAVELED TO A BELLVUE, WASHINGTON LOCAL CHURCH TO PARTICIPATE IN THE SETTING IN OF ELDERS TO ASSISST THE PASTOR IN OVERSEEING THE CONGREGATION. ONE OF TREE OF LIFE MINISTRIES CORPORATE OFFICERS IS CURRENTLY SERVING IN A STRATEGIC MINISTRY POSITION AT THIS LOCAL CHURCH. APPROXIMATELY 500 CONGREGANTS ATTEND THE SERVICES.

Program 2
Expenses: $3,700

DR GORINI AND A BOARD MEMBER TRAVELED TO FRANKLIN, VIRGINIA FOR THE 50TH ANNIVERSARY CELEBRATION SERVICE OF THE LOCAL CHURCH THERE. DR. GORINI HAS BEEN IN RELATIONSHIP WITH THIS LOCAL CHURCH SINCE...

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DR GORINI AND A BOARD MEMBER TRAVELED TO FRANKLIN, VIRGINIA FOR THE 50TH ANNIVERSARY CELEBRATION SERVICE OF THE LOCAL CHURCH THERE. DR. GORINI HAS BEEN IN RELATIONSHIP WITH THIS LOCAL CHURCH SINCE 1987 SERVING IN THEIR OVERSIGHT BOARD. WHILE THERE HE MINISTERED THE WORD OF GOD TO THE CONGREGANTS. HIS BOARD MEMBER ALSO MINISTERED AT A SPECIAL BANQUET FOR THE WOMEN OF THE CONGREGATION. APPROXIMATELY 600 CONGREGANTS ATTENDED THESE SERVICES. WHILE IN THE AREA DR. GORINI ALSO MET THE THE BOARD OF ANOTHER LOCAL CHURCH IN WILLIAMSBURG, VIRGINIA TO PROVIDE OVERSIGHT CONCERNING THEIR GROWTH PLANS FOR THE FUTURE. DR. GORINI AND A BOARD MEMBER TRAVELED TO FRANKLIN, VIRGINIA FOR THE ANNUAL ANNIVERSARY CONVENTION OF THE LOCAL CHURCH THERE. DURING THE CONVENTION DR. GORINI ALSO PARTICIPATED IN MINISTRY DURING A PASTORAL SESSION ATTENDED BY APPROXIMATELY 30 PASTORS, MINISTERS AND CHURCH ELDERS. DURING THE 3 DAY CONVENTION THE CONGREGATIONAL ATTENDANCE WAS APPROXIMATELY 1200.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $37,092
Program Service Revenue $0
Investment Income $10,993
Other Revenue $-8,026
TOTAL REVENUE $40,059

Expense Breakdown

Grants Paid $1,008
Salaries & Benefits $102,390
Fundraising Expenses $0
Program Expenses $7,508
Other Expenses $43,493
TOTAL EXPENSES $146,891

Year-over-Year Comparison

2024 2023 Change
Revenue $40,059 $25,117 +0.6%
Expenses $146,891 $129,546 +0.1%
Net Income $-106,832 $-104,429 +0.0%
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
4
Independent Members
4
Employees
2
Volunteers
2

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
$100,860
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK D GORINI PRESIDENT 20.00
Officer
$41,300 $39,560 $80,860
ROBERT GORINI TREASURER 10.00
Officer
$20,000 $0 $20,000
PHILOMENA GORINI DIRECTOR N/A
Director
$0 $0 $0
CHRISTY RICHARD SECRETARY N/A
Officer
$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
2024 $40,059 $146,891 $768,736 $-106,832
2023 $25,117 $129,546 $886,869 $-104,429
2022 $67,514 $92,608 $974,157 $-25,094
2021 $103,161 $66,273 $1,004,726 $36,888
2020 $130,928 $44,481 $973,312 $86,447
2019 $88,466 $17,648 $858,125 $70,818
2018 $54,395 $14,154 $787,307 $40,241
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