One Way Ministries
- Assets
- $2.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 38
- Location
- Aurora, IL
- Founding
- 03/2000
- Data as of
- 09/2023
- EIN
- 31-1675712
Organization Overview
One Way Ministries is located in Aurora, IL. The organization was established in 2000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2023, One Way Ministries employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Way 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 09/2023, One Way Ministries generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. While expenses have increased by 13.5% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACTIVATE GOD'S PEOPLE WORLDWIDE TO EXALT JESUS CHRIST & ADVANCE HIS GOSPEL TO THE MULTITUDES
Describe the Organization's Program Activity:
YOUNG ADULTS - OUR INTERNSHIP AND RESIDENCIES PROVIDE FULL-TIME PROGRAMS, ELIGIBLE FOR COLLEGE CREDIT, FOR STUDENTS TO LIVE, SERVE, AND DEVELOP THEIR SKILLS IN A REAL-LIFE MINISTRY CONTEXT AS THEY EXPERIENCE INTENSIVE DISCIPLESHIP, THRIVING COMMUNITY, AND PROFESSIONAL MINISTRY DEVELOPMENT.
MISSION NETWORK NEWS - MISSION NETWORK NEWS (MNN) IS HEARD ON MORE THAN 700 RADIO OUTLETS IN 37 COUNTRIES. MNN EXISTS TO INFORM BELIEVERS OF GOD'S WORK IN THE MIDST OF WORLD EVENTS. MNN ALSO EQUIPS LISTENERS THROUGH RELATED "PRAY, GIVE AND GO" OPPORTUNITIES, MAKING A VITAL RESOURCE FOR CHRISTIANS WHO WANT TO DO MORE THAN JUST LISTEN TO THE NEWS.
ONEWAY STUDIO - ONEWAY STUDIOS CREATES RESOURCES THAT RALLY THE LOST THROUGH AUDIO, VIDEO, AND STORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Thompson President & Director | OfficerTrustee | 40 | $59,900 |
John Covington Chairman | OfficerTrustee | 1 | $0 |
George Murray Vice Chairman | OfficerTrustee | 1 | $0 |
Eugenia Walsh Secretary | OfficerTrustee | 1 | $0 |
Andrew Peterson Treasurer | OfficerTrustee | 1 | $0 |
Victor Chang Director | Trustee | 1 | $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 | $2,656,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,656,730 |
| Total Program Service Revenue | $189,134 |
| Investment income | $1,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$144,751 |
| 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 | $2,709,348 |
| 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 | $366,431 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,900 |
| Compensation of current officers, directors, key employees. | $11,473 |
| Compensation to disqualified persons | $37,500 |
| Other salaries and wages | $1,118,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $78,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,284 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,646 |
| Advertising and promotion | $41,231 |
| Office expenses | $21,415 |
| Information technology | $173,762 |
| Royalties | $0 |
| Occupancy | $300,168 |
| Travel | $133,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,069 |
| Interest | $48,608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,780 |
| Insurance | $8,099 |
| All other expenses | $0 |
| Total functional expenses | $2,802,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,812 |
| 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 | $2,322,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,397,221 |
| Accounts payable and accrued expenses | $25,641 |
| 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 | $231,161 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $256,802 |
| Net assets without donor restrictions | $1,836,906 |
| Net assets with donor restrictions | $303,513 |
| 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 | $2,397,221 |