Reign Ministries
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Crystal, MN
- Founding
- 11/1982
- Data as of
- 12/2022
- EIN
- 41-1430767
Organization Overview
Reign Ministries is located in Crystal, MN. The organization was established in 1982. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 12/2022, Reign Ministries employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reign 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 12/2022, Reign Ministries generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 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
EDUCATE AND TRAIN YOUTH IN EVANGELISM, DISCIPLESHIP, AND LEADERSHIP FOR FURTHERANCE OF THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATING YOUTH IN EVANGELISM AND DISCIPLESHIP FOR THE FURTHERANCE OF THE GOSPEL (ROYAL SERVANTS). TEAM MEMBERS WITNESS TO THE COMMUNITY THROUGH STREET AND FRIENDSHIP EVANGELISM,PUTTING ON CROWD-GATHERING PERFORMANCES, AND BOLDLY SHARE THEIR FAITH USING MINISTRY TRACTS.
NET INVESTMENT INCOME/(LOSS) USED FOR EXEMPT PURPOSES.
TRAINING AND EDUCATING YOUTH IN LEADERSHIP, DISCIPLESHIP, AND EVANGELISM (KAIROS). TRAINING INCLUDES SERVING AS AN INTERN IN THE MINISTRIES OF A LOCAL CHURCH, TRAVELING TO SCHOOLS AND YOUTH GROUPS TO PRESENT MISSIONS OPPORTUNITIES, AND DEVELOPMENT OF RELEVANT LEADERS WHO ARE PREPARED TO SERVE THEIR LOCAL CHURCH AND COMMUNITY.
DISCIPLESHIP MINISTRY IN UNITED KINGDOM (REIGN UK). TRAINING STUDENTS IN JESUS' STRATEGY FOR MAKING DISCIPLES. TRAINING INCLUDES SERVING LOCALLY AS MINISTERS TO IMPLEMENT DISCIPLESHIP MINISTRIES AMONG TEENAGERS, TRAINING FUTURE YOUTH PASTORS, AND MISSIONS EXPERIENCES FOR YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Inks Chairman Of Boa | Trustee | 40 | $22,000 |
Mark Johnson Board Member | Trustee | 1 | $0 |
Chuck Sides Board Member | Trustee | 1 | $0 |
Dawnette Scott Board Member | Trustee | 1 | $0 |
Jeremiah Fair Secretary & Board Member | Trustee | 1 | $0 |
Tom Ives President - Director Of Ro | Officer | 40 | $53,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,716,125 |
| Noncash contributions included in lines 1a–1f | $10,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,756,247 |
| Total Program Service Revenue | $0 |
| Investment income | $4,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,741,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $291,988 |
| Compensation of current officers, directors, key employees. | $113,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $938,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,718 |
| Payroll taxes | $5,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $243,634 |
| 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 | $28,914 |
| Insurance | $0 |
| All other expenses | $145,882 |
| Total functional expenses | $1,834,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,476 |
| Savings and temporary cash investments | $998,037 |
| 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 | $17,047 |
| Net Land, buildings, and equipment | $833,094 |
| Investments—publicly traded securities | $53,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,025,381 |
| Accounts payable and accrued expenses | $2,093 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,804 |
| 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 | $134,852 |
| Total liabilities | $138,749 |
| Net assets without donor restrictions | $1,771,102 |
| Net assets with donor restrictions | $115,530 |
| 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 | $2,025,381 |