Victory World Missions Of Texas Inc
- Assets
- $4.1m
- Revenue
- $149.6k
- Investments
- $1.1k
- Employees
- 1
- Location
- Ovilla, TX
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 30-0195777
Organization Overview
Victory World Missions Of Texas Inc is located in Ovilla, TX. The organization was established in 2003. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Victory World Missions Of Texas 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 12/2022, Victory World Missions Of Texas Inc generated $149.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $229.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
WE PARTNER WITH VARIOUS MISSIONS ORGANIZATIONS AROUND THE WORLD, BUILDING AND SUPPORTING HOSPITALS, NURSES, NURSES QUARTERS AND OTHER HUMANITARIAN PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM EXPENSES ARE USED TO FURTHER THE MISSION OF VICTORY WORLD MISSIONS TO SPREAD THE GOSPEL THROUGHOUT THE WORLD. VICTORY WORLD MISSIONS PROVIDES A PARSONAGE WHICH ALSO SERVES AS THE HEADQUARTERS OF VWM; AND PRIVIDES A MINISTERIAL SALARY TO GINGER CARMAN WHO LEADS THE MINISTRY AND SPEARHEADS THE ACCOMPLISHMENTS OF VICTORY WORLD MISSIONS.
VWM CONTINUES TO HELP A CHURCH IN STARA ZAGORA, BULGARIA WITH BUILDING EXPENSES. MONIES WENT TO PUT A NEW ROOF ON THE CHURCH.
VWM PROVIDED FUNDS TO PRINT CHRISTIAN LITERATURE THROUGH CHRISTIAN MENS NETWORK: A MINISTRY THAT WORKS THROUGOUT THE WORLD.
VICTORY WORLD MISSIONS FUNDS THE OPERATION OF THE IRENE BAKER HELATH CENTRE EVERY YEAR TO PROVIDE ADDITIONAL FUNDS TO THE ROB CARMAN NURSES QUARTERS IN PAPUA NEW GUINEA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia L Carman Secretary Treasurer | Officer | 40 | $25,600 |
Robert Carman Officer | Officer | 0 | $5,600 |
Andrew Carman Secretary-Treasurer | Officer | 10 | $0 |
Larry Hill Vice President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,532 |
| 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 | $149,632 |
| 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 | $149,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,140 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $62,877 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,388 |
| Compensation of current officers, directors, key employees. | $7,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131 |
| Fees for services: Accounting | $1,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,217 |
| Advertising and promotion | $3,574 |
| Office expenses | $13,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,097 |
| Insurance | $5,167 |
| All other expenses | $0 |
| Total functional expenses | $229,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,497 |
| Savings and temporary cash investments | $3,535,078 |
| 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 | $189,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,050 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,118,907 |
| Accounts payable and accrued expenses | $2,311 |
| 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 | $2,311 |
| Net assets without donor restrictions | $4,116,596 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,118,907 |
Grants Awarded
Over the last fiscal year, Victory World Missions Of Texas Inc has awarded $68,045 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lakeland, FL | | $50,000 |
Dallas, TX | | $8,045 |
Loveland, CO | | $5,000 |
Grapevine, TX | | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victory World Missions Of Texas Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |