Sufficiency Of Scripture Ministries
- Assets
- $1.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Montgomery, TX
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 30-0127524
Organization Overview
Sufficiency Of Scripture Ministries is located in Montgomery, TX. The organization was established in 2013. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Sufficiency Of Scripture Ministries employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sufficiency Of Scripture 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 06/2022, Sufficiency Of Scripture Ministries generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 14.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOS MINISTRIES INC EXISTS TO SUPPORT THE MINISTRY OF SOS UGANDA THROUGH ACCOUNTABILITY AND THE DEVELOPING AND SUSTAINING OF MINISTRY PARTNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOS UGANDA SOS MINISTRIES INC FUNDED A GRANT TO SOS MINISTRIES UGANDA, WHICH WAS USED TO HOST BIBLICAL TRAINING CONFERENCES, LEADERSHIP DEVELOPMENT PROGRAMS, COMMUNITY PROGRAMS, INFRASTRUCTURE DEVELOPMENT, EDUCATIONAL DEVELOPMENT, AND HUMANITARIAN AID TO THE PEOPLE OF UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Hurley President | OfficerTrustee | 50 | $0 |
Kevin Thomas Executive Dir. | OfficerTrustee | 5 | $0 |
Russ Collins Treasurer | OfficerTrustee | 5 | $0 |
Del Seehusen Vice President | OfficerTrustee | 3 | $0 |
Eugene Derkson Director | Trustee | 2 | $0 |
Adam Tyson Director | Trustee | 2 | $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 | $3,117,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,117,658 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,117,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,582,366 |
| 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. | $102,516 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,379 |
| Fees for services: Accounting | $24,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $630 |
| Advertising and promotion | $0 |
| Office expenses | $4,050 |
| Information technology | $4,053 |
| Royalties | $0 |
| Occupancy | $11,406 |
| Travel | $104,871 |
| 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 | $1,195 |
| All other expenses | $16,928 |
| Total functional expenses | $2,525,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,749,801 |
| Savings and temporary cash investments | $0 |
| 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 | $1 |
| Total assets | $1,749,802 |
| Accounts payable and accrued expenses | $3,337 |
| 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 | -$2,133 |
| Total liabilities | $1,204 |
| Net assets without donor restrictions | $32,985 |
| Net assets with donor restrictions | $1,715,613 |
| 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 | $1,749,802 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sufficiency Of Scripture Ministries has recieved totaling $173,610.
| Awarding Organization | Amount |
|---|---|
Joni And Friends Agoura Hills, CA PURPOSE: Regional In Country Coordinator | $62,050 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $41,050 |
Carson-Myre Charitable Foundation Paducah, KY PURPOSE: SUPPORT CHRISTIAN MINISTRY | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sufficiency Of Scripture Ministries Montgomery, TX | $1,749,802 | $3,117,658 |
Global Intercultural Resources Inc Roswell, NM | $49,853 | $900,500 |
Federation Of Tamil Sangams Of North America Coppell, TX | $1,505,715 | $1,652,164 |
The Albuquerque Council For International Visitors Albuquerque, NM | $134,909 | $295,514 |
San Antonio Council For International Visitors San Antonio, TX | $210,076 | $104,030 |
United States-Mexico Cultural & Educational Foundation Irving, TX | $448,674 | $43,260 |
Dallas Modern Chinese Language Plano, TX | $243,905 | $0 |
Institute For Global And Domestic Development Hammond, LA | $335,393 | $0 |
Exito En La Familia Garland, TX | $16,402 | $0 |
Nous Foundation New Orleans, LA | $58,638 | $0 |
Casa Argentina Kenner, LA | $14,267 | $0 |
Marco Polo World Foundation Inc Carrollton, TX | $78,369 | $0 |