Risen Resources Inc
- Assets
- $539.8k
- Revenue
- $9.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Cedar Hill, TX
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 26-1803899
Organization Overview
Risen Resources Inc is located in Cedar Hill, TX. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Risen Resources 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, Risen Resources Inc generated $9.8k 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 (24.3%) each year. All expenses for the organization totaled $70.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTER CHARITABLE GIFTS OR BEQUEATHS TO SUPPORT VARIOUS CHURCHES AND OTHER TAX-EXEMPT ORGANIZATIONS PROMOTE EVANGELISM EFFORTS ADVANCE CHRISTIANITY AND PROVIDE SCHOLARSHIP SUPPORT TO INDIVIDUALS ATTENDING QUALIFIED INSTITUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS SUPPORTING SIX CHURCHES TO FURTHER EFFORTS TO EVANGELIZE AND ADVANCE CHRISTIANITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey S Agee Executive Director | OfficerTrustee | 5 | $18,275 |
William A Ledbetter Director And Treasurer | OfficerTrustee | 2 | $0 |
Jeanette Johnson Director | Trustee | 1 | $0 |
Jan M Gentry Director | Trustee | 1 | $0 |
Freddie L Yarbrough Director And Secretary | Trustee | 1 | $0 |
Sabino Rodriquez Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,696 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,696 |
| Total Program Service Revenue | $0 |
| Investment income | $1,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,163 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,275 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $70,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,431 |
| Savings and temporary cash investments | $537,374 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $539,805 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $539,805 |
| Total liabilities and net assets/fund balances | $539,805 |
Grants Awarded
Over the last fiscal year, Risen Resources Inc has awarded $50,125 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SHAWNEE TRAIL CHURCH OF CHRIST PURPOSE: MINISTER SUPPORT | $11,900 |
NORTH BOULEVARD CHURCH OF CHRIST PURPOSE: MINISTER SUPPORT | $11,800 |
Searcy, AR PURPOSE: MINISTER SUPPORT | $11,725 |
Olympia, WA PURPOSE: MINISTER SUPPORT | $7,500 |
SYCAMORE VIEW CHURCH OF CHRIST PURPOSE: MINISTER SUPPORT | $7,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gods Healthy Place Inc Fort Worth, TX | $0 | $0 |
First Methodist Church Of Fort Worth Foundation Inc Fort Worth, TX | $97,113,260 | $7,597,400 |
Mary R Gallaspy Charitable Trust No One Monroe, LA | $16,837,410 | $596,346 |
Catholic Foundation Of Oklahoma Inc Oklahoma City, OK | $82,819,268 | $6,647,191 |
Park Cities Presbyterian Church Foundation Dallas, TX | $2,207,492 | $1,215,742 |
Your Harvest House Burleson, TX | $1,051,962 | $1,972,586 |
Bethlehem Bible Co Inc New Braunfels, TX | $672,488 | $1,302,204 |
Sja Foundation Baton Rouge, LA | $11,583,947 | $2,001,512 |
St Pauls Methodist Foundation Of Houston Houston, TX | $29,200,178 | $3,302,666 |
Sacred Arts Foundation Cedar Crest, NM | $282,030 | $988,067 |
Endowment Foundation First United Presbyterian Church Albuquerque Albuquerque, NM | $14,946,986 | -$140,979 |
Jewish Community Center Of Houston Endowment Fund Houston, TX | $14,128,365 | $1,483,983 |