Open Hearts Ministries
- Assets
- $88.3k
- Revenue
- $320.0k
- Investments
- $0.0
- Employees
- 0
- Location
- El Dorado, AR
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 32-0471633
Organization Overview
Open Hearts Ministries is located in El Dorado, AR. The organization was established in 2016. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Hearts 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, Open Hearts Ministries generated $320.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.3% each year . All expenses for the organization totaled $309.7k during the year ending 12/2021. While expenses have increased by 46.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING RESOURCES TO ENABLE VOLUNTARY MISSIONARIES TO TRAVEL TO AND PROVIDE SUPPORT FOR UNDERPRIVELEGED CHILDREN IN NICARAGUA, KENYA AND INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MISSIONARY SERVICES TO UNDERPRIVELEGED CHILDREN IN RURAL NICARAGUA,INDIA AND PAKISTAN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Henley President | OfficerTrustee | 10 | $0 |
Courtney Woody Secretary/treasurer | OfficerTrustee | 2 | $0 |
Charles Brown Director | Trustee | 2 | $0 |
Bill Tompkins Director | Trustee | 2 | $0 |
Jason Reed Director | Trustee | 2 | $0 |
Dean Lackey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,316 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,935 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| 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 | $319,950 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| 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 | $3,283 |
| Office expenses | $4,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $448 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $36,450 |
| Total functional expenses | $309,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,209 |
| Savings and temporary cash investments | $8,660 |
| 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 | $43,450 |
| 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 | $0 |
| Total assets | $88,319 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $88,319 |
| Total liabilities and net assets/fund balances | $88,319 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Open Hearts Ministries has recieved totaling $287.
| Awarding Organization | Amount |
|---|---|
The Mason Foundation El Dordo, AR PURPOSE: GENERAL OPERATING | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Water Org Inc Kansas City, MO | $22,420,171 | $19,027,906 |
United Hands Relief Inc Arlington, TX | $2,480,716 | $16,870,671 |
Christian Medical & Dental Society Bristol, TN | $23,493,559 | $15,260,039 |
Ekal Vidyalaya Foundation Of Usa Inc Houston, TX | $8,311,702 | $8,920,976 |
Thinkwell Institute Leander, TX | $7,820,043 | $8,446,076 |
Reach Now International Inc Tulsa, OK | $23,892 | $8,518,045 |
The Bill Gatton Foundation Bristol, TN | $0 | $23,969,446 |
A M G International Chattanooga, TN | $17,555,584 | $9,364,805 |
Medical Benevolence Foundation Houston, TX | $13,521,157 | $7,702,222 |
Conflict And Development Research Fund Castroville, TX | $3,738,303 | $60,944 |
Baptist Medical & Dental Mission International Inc Hattiesburg, MS | $5,144,542 | $6,135,444 |
Faith In Practice Houston, TX | $14,021,764 | $10,305,990 |