Sound Word Ministries Inc
- Assets
- $75.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Prosper, TX
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 20-2571862
Organization Overview
Sound Word Ministries Inc is located in Prosper, TX. The organization was established in 2008. 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. Sound Word 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 12/2023, Sound Word Ministries Inc generated $128.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $125.0k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MINISTRY CONDUCTS MEETINGS IN CHURCHES TO TEACH THE BIBLE AND TO SPREAD THE GOSPEL OF JESUS CHRIST THROUGHOUT THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Thacker President | 40 | $83,000 | |
Justin Smalley Vice President | 0 | $0 | |
Dudley Hall Foundation Manager | 0 | $0 | |
John Staabitz Foundation Manager | 0 | $0 | |
Michael Tepe Foundation Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,039 |
| 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 | $128,039 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $28 |
| Other expenses | $41,945 |
| Total expenses | $124,973 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,006 |
| Other assets | $0 |
| Total assets | $75,665 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,665 |