Sole Ministries
- Assets
- $499.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-1788723
Organization Overview
Sole Ministries is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Sole Ministries 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 12/2021, Sole Ministries generated $137.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $134.1k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Cervantes President | 40 | $0 | |
Ventura Ruybal Chief Executive Officer | 20 | $0 | |
Mary Stevenson Director | 20 | $0 | |
Amy Spross Director | 20 | $0 | |
Patricia Ruybal Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,188 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,535 |
| Gain or Loss | $3,168 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $137,891 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $291 |
| Other expenses | $130,353 |
| Total expenses | $134,144 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,206 |
| Other assets | $0 |
| Total assets | $499,822 |
| Total liabilities | $386,015 |
| Net assets or fund balances | $113,807 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sole Ministries has recieved totaling $32,794.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $32,789 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
Phoenix Gospel Mission Phoenix, AZ | $43,066,445 | $31,352,062 |
Lutheran Social Services Of The Southwest Phoenix, AZ | $5,555,029 | $22,254,288 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Christian Center Of Park City Park City, UT | $13,844,095 | $7,996,060 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Pilgram Rest Foundation Inc Phoenix, AZ | $14,492,011 | $6,934,589 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |