Abg Ministries
- Assets
- $171.8k
- Revenue
- $810.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-4956474
Organization Overview
Abg Ministries is located in Richardson, TX. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abg 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 12/2023, Abg Ministries generated $810.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $740.5k during the year ending 12/2023. While expenses have increased by 15.1% 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.
Since 2014, Abg Ministries has awarded 36 individual grants totaling $3,196,927. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LATIN AMERICAN OUTREACH PROGRAM - ASSISTED IN THE REHABILITATION AND CONSTRUCTION OF CHURCHES; PROVIDED FINANCIAL SUPPORT AND FOOD TO CHRISTIAN PASTORS, MISSIONARIES, CHURCH LEADERS AND MEMBERS; AND PROVIDED SUPPORT FOR CHRISTIANS UNDERGOING SEVERE RELIGIOUS PERSECUTION.
SPANISH OUTREACH PROGRAM - PROVIDED FINANCIAL SUPPORT TO CHRISTIAN PASTOR AND CHURCH LEADERS; SUPPORTED OUTREACH OF CHRISTIAN MINISTRY.
AFRICAN OUTREACH PROGRAM - PROVIDED FINANCIAL SUPPORT TO CHRISTIAN PASTOR AND CHURCH LEADERS; SUPPORTED OUTREACH OF CHRISTIAN TEACHING.
CHINA OUTREACH PROGRAM - PROVIDED FINANCIAL SUPPORT TO CHRISTIAN PASTOR; MISSIONARY FOR THE OUTREACH OF CHRISTIAN TEACHING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip M Armstrong President/director | 30 | $0 | |
Susan L Armstrong Secretary/director | 10 | $0 | |
John R Armstrong Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $810,512 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $810,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $19,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,865 |
| Printing and publications | $0 |
| Other expenses | $4,554 |
| Total operating and administrative expenses | $29,594 |
| Contributions, gifts, grants paid | $710,906 |
| Total expenses and disbursements | $740,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,772 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $171,772 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Abg Ministries has awarded $710,906 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PASTOR JUAN CARLOS ROJAS IGLESIA EVANGELICA BAUTISTA DE TORRENT PURPOSE: MULTIPLE GRANTS TO SUPPORT CHURCH MINISTRIES | $77,345 |
PASTOR KENNEDY GONDWE PURPOSE: MULTIPLE GRANTS TO SUPPORT CHURCH MINISTRIES | $53,342 |
PASTOR DAVID GONZALEZ IGLESIA BAUTISTA EL CALVARIO PURPOSE: MULTIPLE GRANTS TO SUPPORT CHURCH MINISTRIES | $554,734 |
PASTOR SISIR BARAI PURPOSE: MULTIPLE GRANTS TO SUPPORT CHURCH MINISTRIES | $14,485 |
CHUCK THOMAS PURPOSE: MISSIONARY SUPPORT | $11,000 |