Breaking Chains Honduras Inc is located in Oklahoma City, OK. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Breaking Chains Honduras Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breaking Chains Honduras 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 12/2022, Breaking Chains Honduras Inc generated $594.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $495.0k during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BREAKING CHAINS HONDURAS IS A NONPROFIT ESTABLISHED TO REACH OUT, THROUGH GRANTS AND OUTREACH, TO THOSE LIVING IN POVERTY IN THE CAPITAL CITY OF HONDURAS. THE ORGANIZATION'S MISSION IS TO SERVE AND SEE CHANGE FOR THOSE AFFECTED BY POVERTY IN TEGUCIGALPA BY MEETING BASIC NEEDS AND DEVELOPING HUMAN RELATIONSHIPS THAT ACT AS A GATEWAY TOWARD A RELATIONSHIP WITH CHRIST. BREAKING CHAINS SEEKS TO SERVE THROUGH STREET OUTREACH AND COMMUNITY BENEVOLENCE, EDUCATION AND VOCATION INITIATIVES, YOUNG ADULT MINISTRY AND VOLUNTEER OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREET OUTREACH AND COMMUNITY BENEVOLENCE BREAKING CHAINS IS COMMITTED TO THE WORK OF SHOWING LOVE BY SERVING THOSE IN NEED VIA VARIOUS BENEVOLENCE INITIATIVES INCLUDING FOOD, HYGIENE, MEDICAL AND LIVING EXPENSES SUPPORT. THE ORGANIZATION IS ALSO COMMITTED TO HEALING AND RESTORING COMMUNITIES THROUGH REDEMPTIVE RELATIONSHIPS WITH JESUS CHRIST. THIS IS EXHIBITED THROUGH THE SUPPORT OF CHURCH ACTIVITIES, STREET OUTREACH, VACATION BIBLE SCHOOLS AND OTHER COMMUNITY EFFORTS.
VOLUNTEER OUTREACH BREAKING CHAINS ALSO HELPS SUPPORT VOLUNTEER MISSION TEAMS TO HONDURAS DURING THE SPRING AND SUMMER MONTHS. THE TEAM VISIT, TYPICALLY ONE WEEK AT A TIME, TO HELP FULFILL THE MINISTRY'S MISSION OF CARING FOR THOSE IN NEED IN TEGUCIGALPA. WHILE IN THE COUNTRY, THE TEAMS ENGAGE IN SPIRITUAL OUTREACH AND STREET OUTREACH, VISIT AND SUPPORT LOCAL SCHOOLS, AND PARTICIPATE IN A VARIETY OF TANGIBLE BENEVOLENCE EFFORTS.
EDUCATION AND VOCATION INITIATIVE: EDUCATION IS A KEY ELEMENT TO BREAKING THE CYCLE OF POVERTY FOR FAMILIES. BREAKING CHAINS IS COMMITTED TO LIFTING FAMILIES UP ECONOMICALLY THROUGH PROVIDING ACCESS TO EDUCATION. THROUGH GRANTS, BREAKING CHAINS SPONSORS 30 CHILDREN FOR QUALITY EDUCATION OPPORTUNITIES THROUGH LOCAL, HONDURAN-RUN SCHOOLS. ADDITIONALLY, IT CONNECTS OTHER CHILDREN TO NECESSARY SCHOOL SUPPLY RESOURCES. IT ALSO GIVES SUPPORT TO THE EDUCATION AND VOCATION ENDEAVORS OF SOCIALLY AT-RISK YOUNG ADULTS LIVING IN DOWNTOWN TEGUCIGALPA VIA SCHOOL SPONSORSHIP, UNIVERSITY SPONSORSHIP, AND JOB RESOURCES.
YOUNG ADULT MINISTRY BREAKING CHAINS ALSO SUPPORTS THE CARE OF SOCIALLY AT-RISK YOUNG ADULTS IN PERIODS OF TRANSITION (TRYING TO GET OFF THE STREETS, HAVING AGED OUT OF CHILDREN'S HOME, SEEKING RESPITE FROM POOR FAMILY SITUATIONS, ETC.). THE GOAL IS TO SUPPORT ACTIVITIES WHICH WILL LIFT UP THE YOUNG ADULTS SPIRITUALLY AS WELL AS HELP THEM MOVE FORWARD TO ACHIEVE THEIR GOALS (EDUCATION, JOB SUPPORT, ETC.). BREAKING CHAINS HELPS ENSURE THAT PHYSICAL NEEDS (FOOD, CLOTHING, MEDICAL AND MENTAL HEALTH CARE) ARE MET WHILE ALSO PROMOTING SPIRITUAL, SOCIAL AND EMOTIONAL DEVELOPMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Nead Board Of Dir | Trustee | $0 | |
Jamie Riley Board Of Dir | Trustee | $0 | |
Lance Bennett Co-Treasurer | Officer | $0 | |
Jeff Brown President | Officer | $0 | |
Terry Lemmons Secretary | Officer | $0 | |
Shawn Scalf Co-Treasurer | Officer | $0 |
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 | $594,572 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $594,572 |
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 | $594,572 |
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 | $275,475 |
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 | $172,013 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $13,036 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,603 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $123 |
Office expenses | $2,107 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $156 |
Total functional expenses | $495,032 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $212,098 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $212,098 |
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 | $212,098 |
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 | $0 |
Total liabilities and net assets/fund balances | $212,098 |