Ministry Catalysts Inc
- Assets
- $168.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Worth, TX
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-2500890
Organization Overview
Ministry Catalysts Inc is located in Fort Worth, TX. The organization was established in 2010. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Ministry Catalysts Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ministry Catalysts 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, Ministry Catalysts Inc generated $191.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $178.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
MINISTRYCATALYST'SMISSIONISFOCUSEDONTHREEMAINAREASOFCHRISTIANMINISTRY;PERSONALDISCIPLESHIP,PASTORALMENTORING,ANDGLOBALMISSIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth F Horton President | 40 | $44,250 | |
Ronald G Horton Vice President | 40 | $44,250 | |
Bill Marshall Vice President | 1 | $0 | |
David Salsberry Treasurer | 1 | $0 | |
Brian Givens Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,180 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $191,196 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $163,880 |
| Professional fees and other payments to independent contractors | $1,976 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,396 |
| Total expenses | $178,900 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $168,692 |
| Other assets | $0 |
| Total assets | $168,692 |
| Total liabilities | $0 |
| Net assets or fund balances | $168,692 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ministry Catalysts Inc has recieved totaling $42,900.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: RELIGION | $20,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL PURPOSES | $2,400 |
Lydick Family Foundation Houston, TX PURPOSE: UNRESTRICTED CONTRIBUTION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |