Latin Impact Ministries Inc

EIN: 742687669 501(c)(3) Religion

Freeport, FL

Total Revenue
$378,174
Total Expenses
$372,658
Total Assets
$228,094
Net Assets
$220,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
FL
Principal Officer
Russell Black
Phone
7865149420
Tax Period
2025-01-01 to 2025-12-31

Latin Impact Ministries Inc, founded in 2003, is a small nonprofit in the Religion sector that reported $378K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The mission of the Ministry is to spread the Gospel of Jesus Christ. The primary activity is in Central and South America and the Spanish speaking Caribbean with a continued support to the childrens home in Romania.

Program Service Accomplishments

Program 1
Expenses: $202,490

Latin Impact supports other ministries which are serving in Latin America, Central America, and the Caribbean by providing for mission projects directly to ministers. Executive Directir travels to...

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Latin Impact supports other ministries which are serving in Latin America, Central America, and the Caribbean by providing for mission projects directly to ministers. Executive Directir travels to these ministries and gives guidance to these young ministries.

Program 2
Expenses: $80,429

Latin Impact supports the multi-denominational evangelistic ministry in Cuba using sports to reach the spiritually lost. Evangelism is accomplished by organizing evangelistic crusades, developing...

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Latin Impact supports the multi-denominational evangelistic ministry in Cuba using sports to reach the spiritually lost. Evangelism is accomplished by organizing evangelistic crusades, developing sports training and competitions for children and youth, planting churches, and discipling new believers. Before, during, and after the competitions, the Gospel is shared with neighbors and participants. Russell Black is a senior overseer of this ministry.

Program 3
Expenses: $62,567

Grant to Romanian Project (Jesus the Hope of Romania) provides funds for a childrens home located in Romania. The funds from this miinistry provide food for the two homes operated by the ministry as...

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Grant to Romanian Project (Jesus the Hope of Romania) provides funds for a childrens home located in Romania. The funds from this miinistry provide food for the two homes operated by the ministry as well as providing salaries/utilities for staff of these homes. Russell Black gives direction to these ministries.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $372,354
Program Service Revenue $0
Investment Income $5,820
Other Revenue $0
TOTAL REVENUE $378,174

Expense Breakdown

Grants Paid $219,742
Salaries & Benefits $101,652
Fundraising Expenses $0
Program Expenses $345,486
Other Expenses $51,264
TOTAL EXPENSES $372,658

Year-over-Year Comparison

2025 2024 Change
Revenue $378,174 $338,278 +0.1%
Expenses $372,658 $317,497 +0.2%
Net Income $5,516 $20,781 -0.7%
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
7
Independent Members
6
Employees
1
Volunteers
N/A

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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Stein Director 1.00
Director
$0 $0 $0
Johnny Prewitt Director 1.00
Director
$0 $0 $0
David Daniels Director 1.00
Director
$0 $0 $0
Richard Randolph Director 1.00
Director
$0 $0 $0
Mark Edwards Director 1.00
Director
$0 $0 $0
Robert Cowen Director 1.00
Director
$0 $0 $0
Russell Black President 45.00
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
2025 $378,174 $372,658 $228,094 $5,516
2024 $338,278 $317,497 $220,444 $20,781
2023 $324,223 $409,128 $200,384 $-84,905
2022 $485,813 $430,712 $250,439 $55,101
2021 $301,459 $291,751 $247,691 $9,708
2020 $394,858 $341,996 $186,720 $52,862
2019 $280,633 $266,024 $134,080 $14,609
2018 $262,528 $268,291 $119,531 $-5,763
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