R1 Ministries Inc is located in Hendersonville, TN. The organization was established in 2015. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, R1 Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R1 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 12/2022, R1 Ministries Inc generated $260.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $253.3k during the year ending 12/2022. While expenses have increased by 11.4% per year over the past 8 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
PROVIDE EVANGELISTIC MEETINGS AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED EVANGELISTIC SERVICES THROUGHOUT THE US AND VARIOUS COUNTRIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Crockett President | OfficerTrustee | 40 | $53,420 |
Joy Crockett Secretary/tr | Trustee | 5 | $18,127 |
Rick Jaggers Director | OfficerTrustee | 2 | $0 |
Clint Burns Director | Trustee | 2 | $0 |
Jeff Lovingood Director | Trustee | 2 | $0 |
William Slater Director | Trustee | 2 | $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 | $260,925 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $260,925 |
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 | $260,925 |
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. | $117,447 |
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 | $304 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $418 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $95,451 |
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 | $5,340 |
Total functional expenses | $253,346 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $172,132 |
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 | $172,132 |
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 | $172,132 |
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 | $172,132 |
Over the last fiscal year, we have identified 1 grants that R1 Ministries Inc has recieved totaling $160,000.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $160,000 |
Organization Name | Assets | Revenue |
---|---|---|
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
The Rethink Group Inc Cumming, GA | $5,968,451 | $26,130,363 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |