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Larry Thompson Ministries Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472106209 ✦ Hollywood, FL ✦ Designated as a 501(c)(3)

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Overview

What is Larry Thompson Ministries Inc?

Larry Thompson Ministries Inc., commonly known as Faith Foundry, is a nonprofit organization situated in Hollywood, Florida. Their primary mission revolves around spreading the teachings of Jesus Christ. In 2021, they offered mentorship to three emerging pastors in the U.S. via coaching calls and webinars. Unfortunately, their annual trips to Nicaragua and Israel could not take place due to unforeseen circumstances. In 2022, they continued their mentorship, providing guidance to 17 pastors, and embarked on a missions trip to Nicaragua. Furthermore, Faith Foundry engaged with various churches and local Bible study groups in the U.S., sharing their beliefs and teachings.


Official website here: www.faithfoundry.org

Is Larry Thompson Ministries Inc legitimate?

Larry Thompson Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Larry Thompson Ministries Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.faithfoundry.org

What is the mission statement of Larry Thompson Ministries Inc?

Larry Thompson Ministries Inc, also known as Faith Foundry, is dedicated to spreading the teachings of Jesus Christ. In 2021, they mentored three early-career pastors in the United States through coaching calls and webinars. However, their annual trips to Nicaragua and Israel were affected by unforeseen circumstances. In 2022, they continued their mentoring, providing support to 17 pastors, and made a missions trip to Nicaragua. Additionally, they shared their teachings in various churches and local Bible study groups in the U.S. Their mission appears to focus on nurturing and guiding future spiritual leaders, as well as spreading their beliefs through outreach and mentorship.


Official website here: www.faithfoundry.org

Who is the CEO of Larry Thompson Ministries Inc?

Jim Bennett is the President of Larry Thompson Ministries Inc. The CEO's salary of Larry Thompson Ministries Inc is $51,001 and their total compensation is $51,001.


Official website here: www.faithfoundry.org

What is the revenue of Larry Thompson Ministries Inc?

Larry Thompson Ministries Inc's revenue in 2022 was $97,250.


Official website here: www.faithfoundry.org

Who are the executives of Larry Thompson Ministries Inc and what are their salaries?


Here are 8 key members and their salaries (Larry Thompson Ministries Inc's CEO's salary is $51,001 and their total compensation is $51,001):


Jim Bennett (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vaughn Drinkard (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ami T Royle (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Belinda Lawrence (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Thompson (Ceoexecutive Dirctor)
  • Compensation: $51,001
  • Related: $0
  • Other: $0
Cynthia S Thompson (Associate Executive Director)
  • Compensation: $54,142
  • Related: $0
  • Other: $0
Celia Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Clayton (Trusteedirector)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.faithfoundry.org

Where can I find the form 990EZ for Larry Thompson Ministries Inc?

Larry Thompson Ministries Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.faithfoundry.org

Learn more at the official website: www.faithfoundry.org

Mission Statement of Larry Thompson Ministries Inc

Larry Thompson Ministries Inc, often referred to as Faith Foundry, is dedicated to spreading the teachings of Jesus Christ. As part of its mission, the organization offers mentorship to early-career pastors in the United States through coaching calls and webinars. Despite facing unforeseen circumstances, which led to the cancellation of their annual trips to Nicaragua and Israel in 2021, they continued their mission by providing follow-up mentorship to 17 pastors in the subsequent year. In addition to their domestic activities, they also embarked on a missions trip to Nicaragua during 2022. Beyond these initiatives, Larry Thompson Ministries Inc has also been active in speaking at churches and local Bible study groups within the US. The organization's mission is centered around sharing the gospel and providing support to those in the field of ministry.

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Impact




October, 2024

Larry Thompson Ministries Inc. significantly impacts the community through its dedication to preaching the gospel of Jesus Christ and mentoring pastors. Under the Faith Foundry initiative, based in Hollywood, FL, the ministry has provided valuable coaching and support to early-career pastors. In 2021, they conducted mentoring sessions for three pastors via coaching calls and webinars, helping to develop leadership skills and enhance their ministry capabilities.

In 2022, their commitment deepened as they offered follow-up mentoring to 17 pastors, demonstrating a sustained investment in pastoral development. The ministry also resumed its missions work by organizing a trip to Nicaragua, reinforcing its global outreach efforts.

Additionally, Larry Thompson Ministries engages local communities by speaking in various churches and Bible study groups, fostering spiritual growth and community connection. Despite challenges such as the disruption of trips to Nicaragua and Israel, the ministry’s focus on mentorship and preaching continues to create a positive impact, empowering individuals and promoting the principles of faith and service.




This information is meant to be a general summary of Larry Thompson Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$97,250 (2022)
Expenses
$169,030 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $97,250

Assets and Liabilities:

  • Total Assets: $393,844
  • Total Liabilities: $21,285
  • Net Assets: $372,559

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Organization Details

Principal Officer

Jim Bennett

Main Address

1241 GRANT STREET STE 507, HOLLYWOOD, FL, 330193119

NTEE Category

Code: X20 - Religion related

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