Nonprofit · EIN 54-1375229
LIVING FAITH MINISTRIES INC
Tax-exempt · BRISTOL, VA 24209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,895,747 | $2,083,173 | -$187,426 | $14,485,614 | $76,112 | $14,409,502 |
| December 31, 2023 | 990 | $1,885,437 | $2,025,992 | -$140,555 | $14,656,587 | $59,657 | $14,596,930 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $702,832
- Program service revenue
- $936,206
- Investment income
- $246,577
- Net gain from sales of assets
- $17,592
- Other revenue
- $10,132
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $357,330
- Other salaries and wages
- $398,955
- Salaries, compensation and benefits (total)
- $811,979
- Professional fundraising fees
- $0
- Legal fees
- $38,697
- Occupancy
- $143,358
- Depreciation
- $434,746
- Program services (functional)
- $1,120,801
- Management and general (functional)
- $863,707
- Fundraising (functional)
- $98,665
Balance sheet and other
- Total assets, start of year
- $14,656,587
- Total assets, end of year
- $14,485,614
- Total liabilities, end of year
- $76,112
- Net assets, end of year
- $14,409,502
- Land, buildings and equipment
- $5,181,379
- Net assets without donor restrictions
- $14,409,502
- Gross unrelated business income
- $316,449
- Gross receipts
- $2,772,290
- Employees
- 11
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL D SMITH | PRESIDENT/DIRECTOR Trustee or director, Officer | 50 | $181,136 |
| LISA SMITH | V-P & SECRETARY/DIRECTOR Trustee or director, Officer | 50 | $176,193 |
| JOHN MCCARROLL | DIRECTOR Trustee or director | 1 | $0 |
| STEVE JONES | DIRECTOR Trustee or director | 1 | $0 |
| HAROLD JONES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL D SMITH | PRESIDENT/DIRECTOR Trustee or director, Officer | 50 | $110,738 |
| LISA SMITH | V-P & SECRETARY/DIRECTOR Trustee or director, Officer | 50 | $108,611 |
| JOHN MCCARROLL | DIRECTOR Trustee or director | 1 | $0 |
| STEVE JONES | DIRECTOR Trustee or director | 1 | $0 |
| HAROLD JONES | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 16789, BRISTOL, VA 24209-6789
- Principal officer (990 for 2024)
- MICHAEL SMITH, 8594 HIDDEN VALLEY ROAD, ABINGDON, VA 24210
- Signed the 990
- MICHAEL SMITH, PRESIDENT, CEO
- Phone
- (276) 676-3806
- Website
- LIVINGFAITHTV.COM
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
TO PROVIDE RELIGIOUS AND EDUCATIONAL PROGRAMMING TO MEET THE NEEDS OF THE MEMBERSHIP AND SUPPORTERS OF THE NETWORK.
Program accomplishments
- 1. BROADCASTING THROUGH THE MEDIA OF TELEVISION, PROGRAMMING THAT PROMOTES THE GOSPEL OF JESUS CHRIST.2. PROGRAMMING TO PROMOTE BIBLICAL PRINCIPLES OF THE GOSPEL OF JESUS CHRIST TO HOSPITALS, JAILS AND PRISONS.3. BROADCASTING TO 1.8 MILLION HOMES WITH CHRISTIAN PROGRAMMING, INCLUDING MUSIC, EDUCATION AND TEACHING BIBLICAL PRINCIPLES.Expenses $1,120,801 · revenue $876,466
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1375229
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X82)
- Assets (IRS master file)
- $14,485,614
- Income (IRS master file)
- $2,772,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,895,747 | $2,083,173 | $14,485,614 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,885,437 | $2,025,992 | $14,656,587 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,995,667 | $2,084,554 | $14,865,415 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1375229).
Questions about LIVING FAITH MINISTRIES INC
- What is the EIN of LIVING FAITH MINISTRIES INC?
- The employer identification number (EIN) of LIVING FAITH MINISTRIES INC is 54-1375229.
- Is LIVING FAITH MINISTRIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to LIVING FAITH MINISTRIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIVING FAITH MINISTRIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIVING FAITH MINISTRIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIVING FAITH MINISTRIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIVING FAITH MINISTRIES INC?
- The 990 for the year ended December 31, 2024 names MICHAEL SMITH.
- Who are the officers and directors of LIVING FAITH MINISTRIES INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $181,136 (MICHAEL D SMITH, PRESIDENT/DIRECTOR).
- How much revenue does LIVING FAITH MINISTRIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,895,747, expenses of $2,083,173 and total assets of $14,485,614 at year end.
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