Shalom Media Usa Inc
- Assets
- $1.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Edinburg, TX
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 30-0585506
Organization Overview
Shalom Media Usa Inc is located in Edinburg, TX. The organization was established in 2011. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Shalom Media USA Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shalom Media USA 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 12/2023, Shalom Media USA Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE CHRISTIAN TEACHINGS THROUGH PRINT MEDIA, ELECTRONIC MEDIA; PROVIDE HUMANITERIAN ASSISTANCE AND EMPOWER THE MARGINALIZED IN THE UNDERDEVELOPED COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALING PRAYER SERVICES/RETREATS/FESTIVALSTHE MAIN PURPOSE OF THIS EVENT IS TO SPIRITUALLY NOURISH PARTICIPANTS, ENSURE THAT THE PEOPLE WHO ARE SUPPORTING THE MINSTRY CONTINUE BEING ACTIVE MEMBERS BY PROVIDING MISNTRY UPDATES AND FUTURE PROGRAMS, TO INTRODUCE THE MINISTRY TO NEW PARTICIPANTS SO THAT THEY SUPPORT THE MINISTRY.
PRAYER:BEING A CATHOLIC MEDIA COMPANY, SHALOM HAS A CHAPEL WHERE PRAYER SERVICES ARE HELD REGUALARLY. THERE IS A PRIEST AND A RELIGIOUS NUN ON THE PAYROLL WHO TAKE CARE OF ALL SPIRITUAL NEEDS OF THE EMPLOYEES, VOLUNTEERS,AND SUPPORTERS OF THE MINISTRY. THEY ALSO CONDUCT MUMEROUS RELIGIOUS CONFERENCE IN DIFFERENT PARTS OF THE COUNTRY THAT ARE AIMED TOWARD THE ADVANCEMENT OF THE MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Santo Thomas Director | Trustee | 0 | $38,031 |
Sibi Augustine Secretary | OfficerTrustee | 0 | $33,276 |
Abraham Thomas Director | Trustee | 0 | $0 |
Francis Parathara Director | Trustee | 0 | $0 |
Joseph Varghese President | OfficerTrustee | 20 | $0 |
Toby Manimaleth Treasure | OfficerTrustee | 0 | $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 | $2,359,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,359,890 |
| 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 | $2,359,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $71,307 |
| Compensation of current officers, directors, key employees. | $33,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $52,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,516 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $231,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,509 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,297 |
| Insurance | $64,340 |
| All other expenses | $0 |
| Total functional expenses | $2,947,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,730 |
| 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 | $75,247 |
| Net Land, buildings, and equipment | $1,391,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,930 |
| Other assets | $0 |
| Total assets | $1,608,149 |
| Accounts payable and accrued expenses | $309,741 |
| 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 | $323,728 |
| Unsecured mortgages and notes payable | $379,285 |
| Other liabilities | $0 |
| Total liabilities | $1,012,754 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $595,395 |
| 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 | $1,608,149 |