721 Ministries Inc
- Assets
- $205.1k
- Revenue
- $371.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Columbia, SC
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 20-0738752
Organization Overview
721 Ministries Inc is located in Columbia, SC. The organization was established in 2004. According to its NTEE Classification (X03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 721 Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, 721 Ministries Inc generated $371.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $346.6k during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EVANGELIZE AND DISCIPLE INDIVIDUALS IN CHRIST
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE EXPLANATION ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Hunter Director | Trustee | 40 | $158,500 |
Shufy Rowe Board Member | Trustee | 5 | $0 |
Irv Philpot ESQ Board Member | Trustee | 5 | $0 |
Patrick Maloney Board Member | Trustee | 5 | $0 |
Ginger Nichols Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,596 |
| Total Program Service Revenue | $0 |
| Investment income | $3,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $704 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $371,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,110 |
| Pension plan accruals and contributions | $39,625 |
| Other employee benefits | $0 |
| Payroll taxes | $11,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,659 |
| Travel | $18,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,364 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $346,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,809 |
| Savings and temporary cash investments | $84,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,144 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$2,153 |
| Total liabilities | -$2,153 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $207,297 |
| Total liabilities and net assets/fund balances | $205,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burke United Christian Ministries Morganton, NC | $1,017,140 | $2,456,089 |
Beyond The Gate Ministries Wendell, NC | $366,638 | $985,358 |
721 Ministries Inc Columbia, SC | $205,144 | $371,310 |
Chattahoochee Valley Episcopal Ministry Inc Columbus, GA | $624,506 | $167,850 |
Bible Conferences Corporation Waxhaw, NC | $31,642 | $0 |
Agape Foundation Inc Rome, GA | $273,824 | $21,297 |
Davidson Prison Ministry Lexington, NC | $89,235 | $103,893 |
Sweetwater Springs Biblical Counseling Center Inc Newland, NC | $31,525 | $68,426 |
Mediation And Meeting Center Of Charleston Charleston, SC | $21,957 | $0 |
Friends Of The Anglican Province Of Alexandria Us Raleigh, NC | $3,302 | $0 |
Andrews Ministerial Association Of Andrews North Carolina Murphy, NC | $5,182 | $32,182 |
Kingdom First Ministries Corp Atlanta, GA | $0 | $24,892 |
Tl Sinclair Memorial Foundation Union, SC | $6,417 | $0 |
Mission Catalyst Inc Murrells Inlet, SC | $0 | $0 |