2023-03-01T12:52:41-06:00 2020-12-31 371119790 MARTIN HOOD LLC 2507 SOUTH NEIL STREET CHAMPAIGN IL 61820 990 2020-01-01 320074485 SALT AND LIGHT NFP SALT 2173555654 1512 W ANTHONY DR CHAMPAIGN IL 618211148 NATHAN MONTGOMERY EXECUTIVE DIRECTOR 2173555654 2023-02-27 1 NATHAN MONTGOMERY 999009999 JEFFERY R LIVESAY CPA P01919739 2173512000 2023-02-27 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z NATHAN MONTGOMERY 1512 W ANTHONY DR CHAMPAIGN IL 618211148 2983664 0 X HTTPS://SALTANDLIGHTMINISTRY.ORG/ X 2003 IL SHARING THE LOVE OF GOD BY PROVIDING OPPORTUNITIES FOR THOSE LIVING IN POVERTY TO EQUIP THEMSELVES WITH THE TOOLS THEY NEED TO CREATE LASTING CHANGE IN THEIR LIVES. 9 9 67 696 0 0 701763 690019 1870379 2275829 27 0 18 17816 2572187 2983664 0 0 0 0 1094874 1134486 0 0 192899 1818618 1654537 2913492 2789023 -341305 194641 766201 891254 1506276 1436688 -740075 -545434 X SHARING THE LOVE OF GOD BY PROVIDING OPPORTUNITIES FOR THOSE LIVING IN POVERTY TO EQUIP THEMSELVES WITH THE TOOLS THEY NEED TO CREATE LASTING CHANGE IN THEIR LIVES. 0 0 703594 FOOD PANTRY: A MEMBERSHIP-BASED PROGRAM THAT PROVIDES INDIVIDUALS THE OPPORTUNITY TO USE THEIR SKILLS, TALENTS, GIFTS, AND ABILITIES TO PROVIDE FOOD FOR THEMSELVES AND THEIR FAMILIES. 1563992 2293645 THRIFT STORE: THE STORE SERVES FAMILIES AND INDIVIDUALS STRUGGLING WITH CHRONIC FOOD SECURITY ISSUES AS WELL AS OTHER HOUSEHOLD NEEDS. ALL AREAS OF THE STORE ARE OPEN TO THE COMMUNITY. THE VOLUNTEER ASPECT OF THE PROGRAM ALSO CREATES MEANINGFUL EMPLOYMENT AND TRAINING OPPORTUNITIES. 141830 EDUCATION: THROUGH THE NINE-WEEK FINANCIAL PEACE UNIVERSITY (FPU), AND THE TWELVE-WEEK FAITH AND FINANCE PROGRAM, THE ORGANIZATION PROVIDES INDIVIDUALS THE OPPORTUNITY TO LEARN TOOLS THAT WILL HELP THEM TO THINK BEYOND THEIR SHORT-TERM NEEDS AND PUT THEIR FINANCIAL HOUSE IN ORDER. THERE TWO COMPREHENSIVE PREGRAMS TEACH HOW TO GET OUT OF DEBT, BUDGET FOR EXPENSES, PLAN FOR EMERGENCIES, AND ESTABLISH A FINANCIAL FUTURE THAT INCLUDES GIVING TO OTHERS IN NEED. THE TWO PROGRAMS ARE ON TWO DIFFERENT LEVELS OF EDUCATION TO ACCOMODATE ANY NEED. THE COMPUTER LAB PROGRAM IS DESIGNED TO TEACH BASIC COMPUTER SKILLS AND PROVIDE BASIC COMPUTER ACCESS FOR CHILDREN AND ADULTS IN THE COMMUNITIES. JOBS FOR LIFE IS DESIGNEDTO PROVIDE TRAINING COURSES FOR ADULTS AND IT INCORPORATES BIBLICAL TRUTHS AND STORIES TO HELP MEN AND WOMEN UNDERSTAND THEIR DIGNITY AND GOD-GIVEN IDENTITY AND GIFTS, DEVELOP CHARACTER, AND FOSTER A SUPPORTIVE COMMUNITY THAT WILL EQUIP THEM FOR WORK AND LIFE. THE ADVOCACY PROGRAM IS DESIGNED TO PAIR TRAINED VOLUNTEERS WITH PARTICIPANTS IN PEER SUPPORTIVE RELATIONSHIPS THAT BOTH EMPOWER AND EQUIP PARTICIPANTS WITH THE TOOLS THEY NEED TO CREATE LASTING CHANGE IN THEIR LIVES. 2409416 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 67 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 0 0 IL X NATHAN MONTGOMERY 2173555654 1512 W ANTHONY DRIVE CHAMPAIGN IL 61821 CELINA TRUJILLO SECRETARY 4.00 X X 0 0 0 RYAN MAJERES CHAIR 4.00 X X 0 0 0 DREW MARTIN BOARD MEMBER 4.00 X 0 0 0 SKY SANBORN VICE CHAIR 4.00 X X 0 0 0 KATI PESSIN BOARD MEMBER 4.00 X 0 0 0 SEAN LEE BOARD MEMBER 4.00 X 0 0 0 DESA PHETCHAREUN TREASURER 4.00 X X 0 0 0 BERNIE RANCHERO BOARD MEMBER 4.00 X 0 0 0 KEVIN TEAL BOARD MEMBER 4.00 X 0 0 0 NATHAN MONTGOMERY EXECUTIVE DIRECTOR 45.00 X 54059 0 0 54059 0 0 0 0 0 0 0 202300 487719 690019 RETAIL SALES 445100 1983281 1983281 SALVAGE REVENUE 453310 292548 292548 2275829 MISCELLANEOUS 999999 17816 17816 17816 2983664 2293645 0 0 1014245 876199 67898 70148 41217 35607 2759 2851 79024 68269 5289 5466 46302 40001 3099 3202 3397 2935 227 235 41649 35980 2788 2881 424589 366799 28424 29366 19684 17005 1318 1361 134313 116031 8992 9290 74824 64640 5009 5175 29947 25871 2005 2071 COST OF GOODS SOLD 700807 605422 46915 48470 REPAIRS AND MAINTENANCE 75873 65546 5079 5248 SUPPLIES AND MATERIALS 49979 43177 3345 3457 FIXTURES AND EQUIPMENT 20848 18010 1396 1442 32325 27924 2165 2236 2789023 2409416 186708 192899 105105 217098 11874 22009 76449 127268 10829 7775 854650 354517 561944 500133 0 16971 766201 891254 768797 736003 698856 689730 38623 10955 1506276 1436688 X -740075 -545434 -740075 -545434 766201 891254 194641 0 X X 0 1 X 1 0 X 406194 893893 502281 701763 690019 3194150 406194 893893 502281 701763 690019 3194150 189760 3004390 10 17 27 27 0 81 9644 1839 1206 18 17816 30523 3224754 6730200 0.93170 0.92920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 648853 175487 473366 205797 179030 26767 500133 CAPITAL LEASE OBLIGATIONS 10955 10955 X 2983664 0 2983664 0 2983664 2789023 0 2789023 0 2789023 PART X, LINE 2: THE ORGANIZATION DID NOT FILE TIMELY FORM 990 INFORMATIONAL TAX RETURNS FOR FISCAL YEARS 2017 THROUGH 2021, AND AS OF JANUARY 20, 2023, THE DATE OF THE INDEPENDENT AUDITOR'S REPORT, THE FILINGS FOR 2020 AND 2021 HAVE NOT YET BEEN COMPLETED. ACCORDINGLY, EFFECTIVE MAY 15, 2020, THE INTERNAL REVENUE SERVICE REVOKED THE ORGANIZATION'S TAX-EXEMPT STATUS FOR FAILURE TO FILE THREE CONSECUTIVE YEARS OF FORM 990 INFORMATIONAL TAX RETURNS (FISCAL YEARS 2017 THROUGH 2019). ALTHOUGH THE ORGANIZATION'S TAX-EXEMPT STATUS WAS REINSTATED EFFECTIVE MARCH 9, 2021, THIS COULD RESULT IN TAXABILITY OF ACTIVITIES THAT WERE PREVIOUSLY CONSIDERED TAX-EXEMPT, AND ACCORDINGLY COULD RESULT IN TAX LIABILITIES FOR THE ORGANIZATION. ADDITIONALLY, THE ORGANIZATION HAS RECEIVED VARIOUS NOTICES FROM BOTH FEDERAL AND STATE AGENCIES, INCLUDING A NOTICE FROM THE INTERNAL REVENUE SERVICE DATED AUGUST 15, 2022 CURRENTLY IMPOSING A PENALTY OF $53,000 FOR THE LATE FILING OF THE 2019 FORM 990 INFORMATIONAL TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE THEY WILL ULTIMATELY BE LIABLE FOR THIS PENALTY; HOWEVER, AS OF JANUARY 20, 2023, THE DATE OF THE INDEPENDENT AUDITOR'S REPORT, THE ORGANIZATION HAS NOT RECEIVED NOTIFICATION OF RESOLUTION FROM THE INTERNAL REVENUE SERVICE ABATING THE PENALTY DISCUSSED ABOVE. THE DELIQUENT FILINGS AND CORRESPONDING POTENTIAL TAX LIABILITIES CREATES AN OVERALL UNCERTAIN TAX POSITION FOR THE ORGANIZATION; HOWEVER, AN AMOUNT OF THE TOTAL POTENTIAL LIABILITY, IF ANY, IS NOT REASONABLY ESTIMABLE GIVEN THE BROAD NATURE AND UNCERTAINTY OF THE MATTER. GIVEN THIS, THE ORGANIZATION WAS IN GOOD STANDING AS OF THE DATE OF THESE FINANCIAL STATEMENTS, AND GIVEN THE PENALTY IMPOSED ABOVE WAS SUBSEQUENT TO THE DATE OF THESE FINANCIAL STATEMENTS, NO ACCRUAL FOR POTENTIAL LIABILITIES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE FORM 990 IS EMAILED TO THE BOARD OF DIRECTORS FOR ANY QUESTIONS AND/OR CHANGES. IF NONE, THE RETURN IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED AND APPROVED BY AN INDEPENDENT GOVERNING BODY. THE BOARD USES THE EVANGELICAL COUNCIL FOR FINANCIAL ACCOUNTABILITY TO DETERMINE WHAT THE BROAD INDUSTRY AVERAGE IS. ALONG WITH THAT, THE BOARD ALSO TAKES INTO CONSIDERATION THE SIZE OF THE ORGANIZATION, YEARS OF SERVICE, MINISTRY PERFORMANCE AND RESPONSIBILITES WHEN DETERMINING HIS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGES HAVE BEEN MADE IN THE PROCESS FROM PRIOR YEAR.