Lmbm INC FY2022 filing

Tax-deductible

Chagrin Falls, OH501(c)(3)ReligionEIN 45-5590090Revenue $117K in FY2022

On file with the IRSlmbminc.org8584 Washington St Suite 108, 44023-5305 · Chagrin Falls, OHTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Let me be ministries inc's(Lmbm INC)mission is to offer practical application of teachings in the message of hope through faith by inspiring and restoring all people through enriching personal growth, encouraging fullness of life and restoring the value of family through god.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $72K a year · 36% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
119% of total assets
Concern: liabilities are 119% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117K
-33% vs prior year
Spent
$265K
To programs
76%
Net assets
−$181K
By yearFY2021–FY2024
Revenue
$117K
FY2022▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2021$174K
FY2022$117K
FY2023$173K
FY2024$333K
Expenses
$265K
FY2022▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2021$294K
FY2022$265K
FY2023$239K
FY2024$287K
Net assets
−$181K
FY2022▼ -518%
Tap a bar for its year
Net assets by fiscal year
FY2021−$29K
FY2022−$181K
FY2023−$248K
FY2024−$170K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $202K Management & general 24% · $62K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$36,000Pt VII · Sec A
$30,400Pt VII · Sec A
$5,500Pt VII · Sec A

Gregory Wasinski’s $27K as Executive Di is at the 26th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Gregory Wasinski$27,000$30,000$36,000$51,600
Elizabeth Peterson$23,400$26,000$30,400$23,725
Aimee Wasinski$18,000$18,500$5,500$3,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lmbm INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Inspiring and restoring people through faith, personal growth, and family values.

Questions for Lmbm INC

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Provided by the organization

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1 program · $202K · in their own filed words · FY2022
01

Let me be ministries inc (LMBM inc) serves as extension of the church by offering practical applications of teachings by allowing god into people's daily lives and inspiring the world with enrichment of growth, life and family.

$202Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$117K
Ln 12
Gifts and grantsLn 1h$98K
Fees for servicesLn 2g$14K
Investment incomeLn 3$2K
Money outPt IX
$265K
Ln 25
Programscol B$202K
Managementcol C$62K
Owns and owesPt X
−$181K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$975K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Fees for servicesLn 2g$14K
Investment incomeLn 3$2K
Other incomeLn 4–11$2K
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$2K
Land, buildings, equipmentLn 10c$847K
Other assetsLn 15$99K
Total assetsLn 16$975K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$181K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$39K$28K
InvestmentsLn 11–13$1K$2K
Land, buildings, equipmentLn 10c$866K$847K
Total assetsLn 16$1.0M$975K
LiabilitiesLn 26$1.0M$1.2M
Net assetsLn 32−$29K−$181K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Pay of current officers, directors and key staffLn 5$72K$53K$19K
Other salaries and wagesLn 7$3K$3K
Payroll taxesLn 10$9K$3K$6K
Legal feesLn 11b$200$200
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$4K$3K$1K
InterestLn 20$47K$23K$23K
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$21K$18K$3K
Total functional expensesLn 25$265K$202K$62K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $333K$287K$46K−$170K 990 PDF
FY2023 $173K$239K−$65K−$248K 990 PDF
FY2022 Viewing $117K$265K−$148K−$181K 990 PDF
FY2021 $174K$294K−$120K−$29K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $116,732 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $147,780$98,382
I-9 Program service revenuePrior year $12,050$14,162
I-10 Investment incomePrior year $813$2,128
I-11 Other revenuePrior year $13,422$2,060
I-12 Total revenuePrior year $174,065$116,732
I-13 Grants and similar amounts paidPrior year $1,071$2,226
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $86,347$84,105
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $206,772$178,473
I-18 Total expensesPrior year $294,190$264,804
I-19 Revenue less expensesPrior year −$120,125−$148,072
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $116,732 across 7 lines filed
VIII-1f All other contributions, gifts and grants$98,382
VIII-1h Total contributions, gifts and grants$98,382
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,162$14,162
VIII-3 Investment incomeRelated to mission $2,128$2,128
VIII-8 Net income from fundraising events−$493
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,553$2,553
VIII-12 Total revenueRelated to mission $18,843$116,732
Part IX · Statement of functional expenses $264,804 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $2,226$2,226
IX-5 Pay of current officers, directors and key staffPrograms $53,206 · Management $18,694$71,900
IX-7 Other salaries and wagesPrograms $3,467$3,467
IX-10 Payroll taxesPrograms $2,750 · Management $5,988$8,738
IX-11b Legal feesPrograms $200$200
IX-11g Other fees for servicesPrograms $7,800$7,800
IX-12 Advertising and promotionPrograms $4,394$4,394
IX-13 Office expensesPrograms $2,840 · Management $1,462$4,302
IX-20 InterestPrograms $23,363 · Management $23,363$46,726
IX-22 Depreciation, depletion and amortizationPrograms $27,580$27,580
IX-23 InsuranceManagement $10,233$10,233
IX-24 Other expenses (24a–d)Programs $56,543$56,543
IX-24e All other expensesPrograms $18,088 · Management $2,607$20,695
IX-25 Total functional expensesPrograms $202,457 · Management $62,347 · Fundraising $0$264,804
Part X · Balance sheet $974,598 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $39,325$27,573
X-10c Land, buildings and equipment, netStart of year $865,736$846,640
X-11 Publicly traded securitiesStart of year $1,347$1,775
X-15 Other assetsStart of year $96,909$98,610
X-16 Total assetsStart of year $1,003,317$974,598
X-25 Other liabilitiesStart of year $1,032,632$1,155,667
X-26 Total liabilitiesStart of year $1,032,632$1,155,667
X-32 Total net assets or fund balancesStart of year −$29,315−$181,069
X-33 Total liabilities and net assetsStart of year $1,003,317$974,598
Part XI · Reconciliation of net assets −$181,069 net assets at year end
XI-1 Total revenue$116,732
XI-2 Total expenses$264,804
XI-3 Revenue less expenses−$148,072
XI-4 Net assets at start of year−$29,315
XI-9 Other changes in net assets−$3,682
XI-10 Net assets at end of year−$181,069

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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