Sought Out Ministries
- Assets
- $5.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mukilteo, WA
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 27-4541200
Organization Overview
Sought Out Ministries is located in Mukilteo, WA. The organization was established in 2014. 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. Sought Out 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, Sought Out Ministries generated $28.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $30.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
RELIGIOUS MEETINGS AND RADIO BROADCASTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herb Marks President | 20 | $2,500 | |
Bethany Marks Vice President | 25 | $2,500 | |
Christa Pitcarin Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,465 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,376 |
| Total Revenue | $28,841 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,383 |
| Professional fees and other payments to independent contractors | $3,931 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $323 |
| Other expenses | $20,863 |
| Total expenses | $30,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,360 |
| Other assets | $0 |
| Total assets | $5,722 |
| Total liabilities | $1,164 |
| Net assets or fund balances | $4,558 |