Fountain of Life International Ministries INC EIN 20-8796006

Fountain of Life International Ministries INC

EIN  20-8796006 Religious organization Miramar, FL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Educates couples with skills and knowledge to build and sustain healthy marriages.
Leadership
Dr Sherron Parrish · President
Money in and out
$167K revenue, $145K expenses
Bottom line
87% program efficiency

Educates couples with skills and knowledge to build and sustain healthy marriages. For fiscal year 2024 it reported $167K in revenue, $145K in expenses, and $165K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$167K
Pt VIII · Ln 12
Total expenses
$145K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
4.1mo
months of highly liquid reserves at operating expense rate▲ +156% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$167K
FY2024▼ -31%
Expenses
$145K
FY2024▼ -32%
Total assets
$182K
FY2024▲ +66%
Total liabilities
$17K
FY2024
Total revenue
$167K
Pt VIII · Ln 12
Total expenses
$145K
Pt IX · Ln 25
Net assets
$165K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$182K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $127K of program spending, described in the organization's own filed words · FY2024.
01

To conduct marital educational services for couples;to enable couples to

$127Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFountain of Life International Ministries INC
EINHdr · item D20-8796006
Principal addressHdr · item CMiramar, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFJun 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$167K
Total revenueLn 12$167K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$127K
Management & general13%$18K
Total functional expensesLn 25$145K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$182K
Total liabilitiesLn 26$17K
Total net assetsLn 32$165K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50K · Operating expenses/yr $145K
4.1 months
Where the money goes
Program services
Program services $127K · Total expenses $145K
87%
Management & General
Management & general $18K · Total expenses $145K
13%
Fundraising
Fundraising $0 · Total expenses $145K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $205K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $167K · Total revenue $167K
100%
Government reliance
Government grants — · Total revenue $167K
Earned-income share
Program service revenue $0 · Total revenue $167K
0%
Investment reliance
Investment income $0 · Total revenue $167K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $145K
0%
Growth & trend
Revenue growth (YoY)
This year $167K · Prior year $242K
-31%
Net-asset trend (YoY)
End of year $165K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $167K · Expenses $145K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $182K
Net-asset ratio
Net assets $165K · Total assets $182K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $182K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Sherron Parrish · Reported title President · Highest reported compensation $0 · Total expenses $145K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $145K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth -31%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$167K revenue · viewing · ⤓ 990 PDF
FY2023$242K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$151K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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