Bob Russell Ministries Inc
- Assets
- $359.4k
- Revenue
- $449.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4963036
Organization Overview
Bob Russell Ministries Inc is located in Louisville, KY. The organization was established in 2006. 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. Bob Russell 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, Bob Russell Ministries Inc generated $449.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $453.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bob Russell Ministries Inc has awarded 15 individual grants totaling $400,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSTRUCTION, TRAINING, EDUCATION AND MENTORING OF YOUNG PASTORS OF THE CHRISTIAN FAITH. THROUGH THE "TIME OF REFRESHING RETREATS" THE ORGANIZATION PROVIDES COUNSELING FOR YOUNG PASTORS IN HOW TO BALANCE THEIR WORK AND FAMILY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUCCESSFULLY PROVIDED INSTRUCTION, EDUCATION AND MENTORING TO APPROXIMATELY 60 YOUNG PASTORS.
THE ORGANIZATION ADMINISTERS A PROGRAM OF CHRISTIAN BENEVOLENCE USING BIBLICAL PRINCIPLES AND SCRIPTURAL ADMONITIONS TO ALLEVIATE SUFFERING AND HARDSHIP RESULTING FROM POVERTY, UNEMPLOYMENT, DISEASE, ILLNESS, ACCIDENT, INJURY, OR POOR HEALTH, DISABILITY, BEREAVEMENT, DEPRIVATION OF EDUCATIONAL TRAINING OR OPPORTUNITY, OR OTHER CAUSES OF PHYSICAL, MENTAL, SPIRITUAL, OR ECONOMIC DISTRESS. BENEFICIARIES OF SUCH GRANTS MAY INCLUDE WIDOWS, ORPHANS, EXPECTANT MOTHERS AND OTHER INDIVIDUALS UPON RECOMMENDATION OF A PASTOR. BENEFICIARIES OF SUCH GRANTS MAY ALSO INCLUDE CHRISTIAN CHURCHES, CHURCH-BASED MINISTRIES, OR OTHER CHRISTIAN MINISTRIES THAT MINISTER TO THOSE AFFECTED BY THE ENUMERATED CAUSES AND CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don E Waddell III Secretary | OfficerTrustee | 10 | $33,200 |
Robert L Russell President | OfficerTrustee | 20 | $12,000 |
C Kent Hatfield Vice President | OfficerTrustee | 10 | $0 |
Jack Coffee Treasurer | OfficerTrustee | 10 | $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 | $448,638 |
| Noncash contributions included in lines 1a–1f | $15,071 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,638 |
| Total Program Service Revenue | $0 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,847 |
| Grants and other assistance to domestic individuals. | $155,944 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,200 |
| Compensation of current officers, directors, key employees. | $16,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,625 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,257 |
| Advertising and promotion | $3,400 |
| Office expenses | $9,887 |
| Information technology | $19,600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,822 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,028 |
| All other expenses | $6,617 |
| Total functional expenses | $453,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,753 |
| Savings and temporary cash investments | $148,515 |
| 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 | $8,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $359,406 |
| Accounts payable and accrued expenses | $5,414 |
| 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 | $0 |
| Total liabilities | $5,414 |
| Net assets without donor restrictions | $353,992 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $359,406 |
Grants Awarded
Over the last fiscal year, Bob Russell Ministries Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Moberly, MO PURPOSE: TO ASSIST WITH PROGRAM SERVICES | $25,000 |
PORTLAND CHRISTIAN CHURCH PURPOSE: TO ASSIST WITH PROGRAM SERVICES | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bob Russell Ministries Inc has recieved totaling $100,650.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $89,650 |
David W Henderman Foundation Inc Louisville, KY PURPOSE: GENERAL FUND AND LOCAL BENEVOLENCE | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Church Of The Brethren Benefit Trust Inc Elgin, IL | $509,755,287 | $50,694,165 |
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Lutheran Metropolitan Ministry Cleveland, OH | $18,738,675 | $17,759,604 |
Shalom Ministries International Inc Dublin, OH | $25,383,102 | $20,342,961 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |