Folding Ten Ministries
- Assets
- $20.9k
- Revenue
- $62.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 26-4153573
Organization Overview
Folding Ten Ministries is located in Fort Worth, TX. The organization was established in 2009. 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. Folding Ten 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 12/2022, Folding Ten Ministries generated $62.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPREAD GOSPEL THROUGH WORDS AND ACTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Spencer Director | 0 | $0 | |
Donald Schirr Director | 0 | $0 | |
Marcia Schirr Director | 0 | $0 | |
Tamara Spencer Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Spencer | 12/30/21 | $13,200 |
Hannah Henscheid | 12/30/21 | $6,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,737 |
| Interest on Savings | $6 |
| 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 | $62,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,331 |
| Printing and publications | $0 |
| Other expenses | $24,585 |
| Total operating and administrative expenses | $29,391 |
| Contributions, gifts, grants paid | $30,464 |
| Total expenses and disbursements | $59,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,074 |
| Savings and temporary cash investments | $7,252 |
| Net Accounts receivable | $1,000 |
| 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 | $5,543 |
| Other assets | $0 |
| Total assets | $20,869 |
| 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, Folding Ten Ministries has awarded $1,611 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY LINK PURPOSE: CHARITABLE | $1,311 |
SAMARITANS PURSE PURPOSE: CHARITABLE | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |
Alcon Cares Incorporated Fort Worth, TX | $0 | $1,803,602 |
Texas Cardiac Arrhythmia Research Foundation Austin, TX | $1,061,518 | $1,694,538 |
Ywca Of Greater Austin Austin, TX | $1,614,891 | $2,125,832 |
New Beginning Resources Inc Porter, TX | $737,253 | $1,286,038 |