Psalm 82 3 Mission, Inc.
Defend the weak and the fatherless; and uphold the cause of the poor and the oppressed
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Psalm 82 3 Mission, Inc.
EIN: 81-2657996
as of September 2024
as of September 09, 2024
Mission
To develop a safe children's village and self-sustainable community center in the Neekreen District, Grand Bassa County, Liberia, Africa
Ruling year
2016
Executive Director
Matthew Lee
Main address
PO Box 23259
Lexington, KY 40523 USA
EIN
81-2657996
Gardening
Community service
Education
Religion
Human services
Population served
Children and youth
People of African descent
Victims and oppressed people
Widows and widowers
NTEE code
International Relief (Q33)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Foster Care
Psalm 82:3 Mission, Inc is a Christian, non-profit organization defending the weak and fatherless by empowering communities through foster care and sustainable community resources.
Church & Community Initiatives
Psalm 82:3 Mission, Inc is a Christian, non-profit organization defending the weak and fatherless by empowering communities through foster care and sustainable community resources.
Education
Psalm 82:3 Mission, Inc is a Christian, non-profit organization defending the weak and fatherless by empowering communities through foster care and sustainable community resources.
Medical
Psalm 82:3 Mission, Inc is a Christian, non-profit organization defending the weak and fatherless by empowering communities through foster care and sustainable community resources.
Agriculture and Business Development
Psalm 82:3 Mission, Inc is a Christian, non-profit organization defending the weak and fatherless by empowering communities through foster care and sustainable community resources.
Mission Work
Psalm 82:3 Mission, Inc is a Christian, non-profit organization defending the weak and fatherless by empowering communities through foster care and sustainable community resources.
Where we work
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of missionaries that traveled to Liberia
This metric is no longer tracked.Totals By Year
Type of Metric
Other - describing something else
Direction of Success
Increasing
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Strategic Goals- 2022-2025
Equipping the Saints to Defend the Weak and Fatherless!
1. Develop & Equip 10 Coaches in Target Areas
2. Double the Donor Base
3. Develop Long-Term Plans for Foster Care
4. Complete Next Step Capital Projects
5. Prepare Ministry for Global Food Crisis
What are the organization's key strategies for making this happen?
Psalm 82:3 Mission focuses on 5 Target Areas to achieve the Vision.
1. Foster Care
2. Church & Community Initiatives
3. Education
4. Medical
5. Agriculture and Business Development
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
Financials
Revenue vs. expenses: breakdown
Liquidity in 2021 info
0.00
Months of cash in 2021 info
4.6
Fringe rate in 2021 info
0%
Funding sources info
Assets & liabilities info
Financial data
Psalm 82 3 Mission, Inc.
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Psalm 82 3 Mission, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2020 | 2021 |
|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $23,175 | $42,261 |
| As % of expenses | 6.9% | 7.0% |
| Unrestricted surplus (deficit) after depreciation | $23,175 | $42,261 |
| As % of expenses | 6.9% | 7.0% |
| Revenue composition info | ||
|---|---|---|
| Total revenue (unrestricted & restricted) | $414,095 | $649,958 |
| Total revenue, % change over prior year | 0.0% | 57.0% |
| Program services revenue | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% |
| All other grants and contributions | 100.0% | 100.0% |
| Other revenue | 0.0% | 0.0% |
| Expense composition info | ||
|---|---|---|
| Total expenses before depreciation | $334,681 | $604,430 |
| Total expenses, % change over prior year | 0.0% | 80.6% |
| Personnel | 12.0% | 11.3% |
| Professional fees | 1.7% | 0.7% |
| Occupancy | 0.1% | 0.0% |
| Interest | 0.0% | 0.0% |
| Pass-through | 80.3% | 69.3% |
| All other expenses | 6.0% | 18.6% |
| Full cost components (estimated) info | 2020 | 2021 |
|---|---|---|
| Total expenses (after depreciation) | $334,681 | $604,430 |
| One month of savings | $27,890 | $50,369 |
| Debt principal payment | $0 | $0 |
| Fixed asset additions | $0 | $0 |
| Total full costs (estimated) | $362,571 | $654,799 |
Capital structure indicators
| Liquidity info | 2020 | 2021 |
|---|---|---|
| Months of cash | 6.8 | 4.6 |
| Months of cash and investments | 6.8 | 4.6 |
| Months of estimated liquid unrestricted net assets | 1.4 | 1.6 |
| Balance sheet composition info | 2020 | 2021 |
|---|---|---|
| Cash | $188,425 | $233,853 |
| Investments | $0 | $0 |
| Receivables | -$99 | $0 |
| Gross land, buildings, equipment (LBE) | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 0.0% | 0.0% |
| Unrestricted net assets | $40,287 | $82,548 |
| Temporarily restricted net assets | N/A | N/A |
| Permanently restricted net assets | N/A | N/A |
| Total restricted net assets | $148,039 | $151,305 |
| Total net assets | $188,326 | $233,853 |
Key data checks
| Key data checks info | 2020 | 2021 |
|---|---|---|
| Material data errors | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Matthew Lee
Matthew Lee is the founder and Executive Director of Psalm 82:3 Mission. Matthew has been married to his high school sweetheart, Terah, for 20 years. They have 5 children from 2 continents – Colten, Onah, Blessing, Marie, and Izzy. In 2020, Matthew transitioned from fulltime Children’s Pastor, where he had served since 2002, to focus entirely on leading Psalm 82:3 Mission. Together, Matthew and Terah, love serving in the local church, being outdoors, and soaking up every minute available with their very active family.
Matthew Lee recently published his first book, “Faith Steps- The Psalm 82:3 Mission Story.”
Number of employees
Source: IRS Form 990
Psalm 82 3 Mission, Inc.
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Psalm 82 3 Mission, Inc.
Board of directorsas of 10/10/2023
Board of directors data
Chip West
Julie Lindemuth
Elizabeth Lin
Greg Kasten
Shawn Taylor
Mark Stanley
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
-
Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data
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- Officer and/or Employee data for 2021, 2020
- Contractor and/or Paid Preparer data for 2021, 2020
- Board of Directors data for 2023
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