Psalm One Ministries
- Assets
- $9.9k
- Revenue
- $110.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Oregonia, OH
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 31-1735053
Organization Overview
Psalm One Ministries is located in Oregonia, OH. The organization was established in 2001. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. Psalm One 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 12/2021, Psalm One Ministries generated $110.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $115.8k during the year ending 12/2021. While expenses have increased by 3.6% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS TRAINING SEMINARS: 1) 46 BIBLE STUDIES WITH AVERAGE WEEKLY ATTENDANCE OF 15 2) 3 OFFSITE SEMINARS FOR 30 PEOPLE (DEEPER JOURNEY) 3) 1 ONLINE TEACHING FOR 500 4) 25 ONLINE BIBLE STUDIES FOR PASTOR'S WIVES WITH AVERAGE WEEKLY ATTENDANCE OF 9
SPIRITUAL FORMATION 1) 2 OFF-SITE 3 DAY LEADERSHIP & SPIRITUAL RETREATS 24 PEOPLE 2) 1 OFF-SITE 3 DAY SPIRITUAL RETREAT FOR 10 PEOPLE 3) 4 CHURCHES WITH 49 BAPTISMS
SPIRITUAL ASSISTANCE: 1) 100 EMAIL NEWSLETTERS/INVITATIONS TO OVER 2500 PEOPLE 42,000 CONTACTS 2) 20 EMAILS WEEKLY FOR GUIDANCE, FOLLOW UP - OVER 1000 CONTACTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen P Stolle Sec/treas | 3 | $0 | |
Paul Johnson President | 1 | $0 | |
Linda Clark Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,355 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $54,681 |
| Pension plans, employee benefits | $45,454 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $93 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,380 |
| Printing and publications | $0 |
| Other expenses | $8,562 |
| Total operating and administrative expenses | $115,810 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $115,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,742 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $140 |
| Other assets | $40 |
| Total assets | $9,922 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,918 |
| Total liabilities | $2,918 |
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