Terri Savelle Foy Ministries Inc
- Assets
- $1.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Rockwall, TX
- Founding
- 06/2015
- Data as of
- 12/2017
- EIN
- 47-1045534
Organization Overview
Terri Savelle Foy Ministries Inc is located in Rockwall, TX. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Terri Savelle Foy Ministries Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terri Savelle Foy Ministries 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 12/2017, Terri Savelle Foy Ministries Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2017. While expenses have increased by 29.7% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF TERRI SAVELLE FOY MINISTRIES IS TO TEACH PEOPLE HOW TO MAKE THEIR DREAMS BIGGER THAN THEIR MEMORIES AND FULFILL GOD'S ASSIGNMENT ON THEIR LIVES.
Describe the Organization's Program Activity:
THE PURPOSE OF TERRI SAVELLE FOY MINISTRIES IS TO TEACH PEOPLE HOW TO MAKE THEIR DREAMS BIGGER THAN THEIR MEMORIES AND FULFILL GOD'S ASSIGNMENT ON THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Savelle Foy President, F | OfficerTrustee | 40 | $130,333 |
Isaiah Shook Vice-Preside | OfficerTrustee | 40 | $73,850 |
Martin Manasco CFO | OfficerTrustee | 40 | $54,150 |
Donna Groover Treasurer | OfficerTrustee | 40 | $24,520 |
Stewart Scothorn Director | Trustee | $0 | |
Chris Goodman Director | Trustee | $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 | $1,688,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,688,681 |
| Total Program Service Revenue | $164,665 |
| Investment income | $313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $700 |
| 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 | $467,082 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,415,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $313,360 |
| Grants and other assistance to domestic individuals. | $9,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $534,049 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation to disqualified persons | $56,800 |
| Other salaries and wages | $215,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,190 |
| Payroll taxes | $20,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| 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 | $43,238 |
| Advertising and promotion | $294,339 |
| Office expenses | $417,977 |
| Information technology | $65,416 |
| Royalties | $0 |
| Occupancy | $179,479 |
| Travel | $65,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,796 |
| Insurance | $6,544 |
| All other expenses | $1,392 |
| Total functional expenses | $2,497,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,395 |
| Savings and temporary cash investments | $189,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,873 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $89,339 |
| Investments—publicly traded securities | $615,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,305,722 |
| Accounts payable and accrued expenses | $136,636 |
| 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 | $5,394 |
| Total liabilities | $142,030 |
| Unrestricted restricted net Assets | $1,163,692 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,163,692 |
Grants Awarded
Over the last fiscal year, Terri Savelle Foy Ministries Inc has awarded $269,450 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JERRY SAVELLE MINISTRIES PURPOSE: GENERAL SUPPORT | $203,000 |
KENNETH COPELAND MINISTRIES PURPOSE: GENERAL SUPPORT | $33,750 |
RESTORED HOPE MINISTRIES PURPOSE: GENERAL SUPPORT | $11,500 |
MERCY MULTIPLIED PURPOSE: GENERAL SUPPORT | $6,000 |
LAKEWOOD CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |
JESSE DUPLANTIS MINISTRIES PURPOSE: GENERAL SUPPORT | $5,200 |