Nonprofit · EIN 84-3305565
FAITHLIFE MINISTRIES
Also known as FAITHLIFE MARKET
Tax-exempt · PIKEVILLE, KY 41501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $455,692 | $322,269 | $133,423 | $170,975 | $39,508 | $131,467 |
| December 31, 2023 | 990 | $160,732 | $163,003 | -$2,271 | $20,988 | $22,944 | -$1,956 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $399,773
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $55,919
- Other revenue
- $55,919
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $148,676
- Salaries, compensation and benefits (total)
- $162,878
- Professional fundraising fees
- $0
- Accounting fees
- $3,380
- Occupancy
- $46,229
- Travel
- $1,786
- Program services (functional)
- $172,717
- Management and general (functional)
- $149,552
Balance sheet and other
- Total assets, start of year
- $20,988
- Total assets, end of year
- $170,975
- Total liabilities, end of year
- $39,508
- Net assets, end of year
- $131,467
- Net assets without donor restrictions
- $131,467
- Gross receipts
- $567,531
- Employees
- 19
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- KY
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 |
|---|---|---|---|
| JARED ARNETT | PRESIDENT Officer | 12 | $0 |
| BETHANY ARNETT | VICE PRESIDENT Officer | 12 | $0 |
| JEFF ROBINSON | TREASURER Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARED ARNETT | PRESIDENT Officer | 12 | $0 |
| BETHANY ARNETT | VICE PRESIDENT Officer | 12 | $0 |
| JEFF ROBINSON | TREASURER Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 130 DIVISION ST, PIKEVILLE, KY 41501-1116
- In care of
- % JARED ARNETT
- Mailing address (990-N for 2022)
- PO BOX 1398, Pikeville KY 41502
- Principal officer (990 for 2024)
- JARED ARNETT, 146 4TH STREET, PIKEVILLE, KY 41501
- Principal officer (990-N for 2022)
- Jared Arnett, 146 4th St, Pikeville KY 41501
- Signed the 990
- JARED ARNETT, PRESIDENT
- Phone
- (606) 424-2048
- Website
- www.faithlifemarket.com
- Return prepared by
- LYNETTE R SCHINDLER CPA PSC
Mission
TO PROVIDE AN OPPORTUNITY FOR PEOPLE TO LIVE OUT THEIR CHRISTIAN FAITH AND GOD-GIVEN CREATIVITY TO CREATE SOCIAL ENTERPRISES THAT PROVIDE RESOURCES AND CONNECTIONS TO PROGRAMMING TO TRANSITION THOSE AFFECTED BY SUBSTANCE USE DISORDER AND POVERTY INTO A PURPOSE FILLED LIFE.
Program accomplishments
- Social enterprise development in the Pikeville area - we've created or launched 5 new ministries in the Pikeville area:Faithlife Market - we served 4,296 customers in 2023 and created much needed community space for college students and working professionals in downtown Pikeville. We also provided affordable meeting space and free meeting space to several nonprofits. We provided 100 free lunches weekly to patrons and residents of Myers Tower, a low housing facility. Battleline Boxing Club - after school youth program serving over 50 students in 2023 where we teach spiritual and physical discipline and mentor at risk youth.;Building development - we've helped redevelop[ two buildings on the bypass with over 2,000 volunteer hours - cleaned out, secured the space to prevent squatters, and started bringing them back to life with new HVAC, plumbing, repairs with the goal to turn the space into a community center in 2024. We hosted Christmas on the bypass where we hosted a neighborhood Christmas part and supported local families there.Expenses $172,717 · revenue $455,692
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
- 84-3305565
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J30)
- Assets (IRS master file)
- $170,975
- Income (IRS master file)
- $567,531
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $455,692 | $322,269 | $170,975 | XML |
| 990 | December 2023 | $160,732 | $163,003 | $20,988 | XML |
| 990-N for 2022 Officer: Jared Arnett | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Jared Arnett | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Jared Arnett | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Jared Arnett | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-3305565).
Questions about FAITHLIFE MINISTRIES
- What is the EIN of FAITHLIFE MINISTRIES?
- The employer identification number (EIN) of FAITHLIFE MINISTRIES is 84-3305565.
- Is FAITHLIFE MINISTRIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to FAITHLIFE MINISTRIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAITHLIFE MINISTRIES 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 FAITHLIFE MINISTRIES 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 FAITHLIFE MINISTRIES 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 FAITHLIFE MINISTRIES?
- The 990 for the year ended December 31, 2024 names JARED ARNETT.
- Who are the officers and directors of FAITHLIFE MINISTRIES?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FAITHLIFE MINISTRIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $455,692, expenses of $322,269 and total assets of $170,975 at year end.
Other nonprofits in PIKEVILLE
- UNITED MINE WORKERS OF AMERICA INTERNATIONAL EIN 61-1352355 · last filed 990-N for 2024
- PIKEVILLE MEDICAL CENTER INC EIN 61-0458376 · last filed 990 for 2025
- UNIVERSITY OF PIKEVILLE EIN 61-0444788 · last filed 990 for 2025
- T W BARKER FAMILY FOUNDATION INC EIN 20-8079077 · last filed 990-PF for 2025
- HURRICANE CREEK VOLUNTEER FIRE DEPARTMENT INC EIN 61-1292660 · last filed 990 for 2025
- SHAPING OUR APPALACHIAN REGION INC EIN 37-1760428 · last filed 990 for 2025
- CITY OF PIKEVILLE EXPOSITION CENTER CORPORATION EIN 81-4316682 · last filed 990 for 2025
- APPALACHIAN HOSPICE CARE INC EIN 61-1196104 · last filed 990 for 2024