Brad Hofen Ministries Inc
- Assets
- $42.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alva, OK
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-2034574
Organization Overview
Brad Hofen Ministries Inc is located in Alva, OK. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Brad Hofen 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 12/2021, Brad Hofen Ministries Inc generated $57.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $47.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DUE TO COVID RESTRICTIONS IN INDIA, NO GOSPEL CAMPAIGNS WERE CONDUCTED AND TRAVEL TO INDIA REMAINED DIFFICULT. HOWEVER, THE MINISTRY CONTINUED TO SUPPORT BRAD HOFEN, WHO TAUGHT ONLINE TOTAL OF FOUR DIFFERENT BIBLE COLLEGES IN INDIA. HE ALSO ASSISTED THE ADMINISTRATION TEAM OF RHEMA COIMBATORE, INDIA. BRAD HOFEN DID MINISTER AT VARIOUS CHURCHES IN THE UNITED STATES DURING 2021. IN ADDITION TO THESE ACTIVITIES, THE MINISTRY SENDS OUT APPROXIMATELY 380 PARTNER LETTERS EACH MONTH TO INFORM SUPPORTERS ABOUT THE WORK IN INDIA AND ALSO SHARE BIBLICAL INSIGHT TO THE READERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Hofen President | 40 | $30,000 | |
Nick Noble Trustee | 0.5 | $0 | |
Max Ridgway Trustee | 0.5 | $0 | |
Brian Hofen Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,023 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,023 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,167 |
| Other expenses | $16,125 |
| Total expenses | $47,292 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,967 |
| Other assets | $0 |
| Total assets | $41,967 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,967 |
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