Psalm68five Ministries
- Assets
- $242.6k
- Revenue
- $286.5k
- Investments
- $0.0
- Employees
- 0
- Location
- McKinney, TX
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-3375486
Organization Overview
Psalm68five Ministries is located in McKinney, TX. The organization was established in 2015. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psalm68five 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, Psalm68five Ministries generated $286.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $302.6k during the year ending 12/2022. 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
IN PARTNERSHIP WITH SELECTED BEST-PRACTICE, FAITH-BASED CAMPS, PSALM68FIVE SERVES FATHERLESS CHILDREN AS IT RECRUITS SUMMER CAMPERS AND VOLUNTEERS, DEVELOPS AND PROVIDES EXEMPLARY, TRAUMA-INFORMED RESOURCES, AND COVERS THE COST OF ATTENDANCE AND PROGRAM MATERIALS FOR FATHERLESS CHILDREN. PARTNER CAMPS TRULY JOIN PSALM68FIVE IN ITS MISSION TO SERVE FATHERLESS CHILDREN. EACH ONE COMMITS TO RAISING ITS OWN SCHOLARSHIP FUNDING FOR FATHERLESS CHILDREN IN AN INCREASING AMOUNT EACH YEAR - ANNUALLY DIMINISHING PSALM68FIVE'S SPONSORING OF FATHERLESS CAMPS - UNTIL IT IS FULLY FUNDING ITS OWN SIGNIFICANT CAMP MINISTRY TO THE FATHERLESS AND UTILIZING PSALM68FIVE PROGRAM RESOURCES, VOLUNTEERS, TRAINING, AND MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN CALENDAR YEAR 2021, PSALM68FIVE COLLABORATED WITH THE FOLLOWING CAMP AND YOUTH MINISTRY PARTNERS AND TO RECRUIT AND SERVE FATHERLESS CAMPERS: FRONTIER CAMP: GRAPELAND, TX CAMP HONEYROCK: THREE LAKES, WI WILDWOOD HILLS: SAINT CHARLES, IA
PSALM68FIVE IS ALSO A LEADER IN DEVELOPING TRAUMA-INFORMED, EXEMPLARY RESOURCES FOR FATHERLESS CHILDREN IN CAMP SETTINGS. PSALM68FIVE UTILIZES TRUST BASED RELATIONAL INTERVENTION TBRI, AND INNOVATIVE, TRAUMA-INFORMED MODALITY CREATED BY THE LATE DR. KARYN PURVIS AT TEXAS CHRISTIAN UNIVERSITY. WORKING WITH A TBRI CERTIFIED EDUCATOR, HAS DEVELOPED BOTH A TRAINING PROGRAM AND RESOURCE MATERIALS FOR CAMPS TO UTILIZE IN FATHERLESS CAMP MINISTRY WHICH BEGAN BEING UTILIZED IN SUMMER 2019 CAMPS.
PSALM68FIVE SERVES AS A NATIONAL VOICE AND ADVOCATE WITHIN THE NATIONAL CHRISTIAN CAMP COMMUNITY. THE GOAL IS TO EXPAND CAMP MINISTRY INTO MARGINALIZED POPULATIONS, TO SHARE GOD'S BEAUTIFUL CREATION WITH FATHERLESS CHILDREN WHO MAY NEVER EXPERIENCE NATURE OR THE JOY AND ADVENTURE OF SUMMER CAMP, AND TO SPECIFICALLY ENCOURAGE THE PROMISE AND VALUE OF EACH PRECIOUS CHILD AS OUTLINED IN PSALM68FIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca E Johnson Secretary | OfficerTrustee | 8 | $0 |
Bryan C Johnson President | OfficerTrustee | 20 | $0 |
Bill Hopkins Director | Trustee | 5 | $0 |
Steve Foster Director | Trustee | 10 | $0 |
Bruce Johnson Director | Trustee | 5 | $0 |
Janet Hopkins Director | Trustee | 5 | $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 | $286,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,549 |
| 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 | $286,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $209,250 |
| 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 | $1,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $56,962 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,721 |
| Total functional expenses | $302,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,600 |
| 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 | $1 |
| Total assets | $242,648 |
| 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 | $242,648 |
| 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 | $242,648 |
Grants Awarded
Over the last fiscal year, Psalm68five Ministries has awarded $45,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Grapeland, TX PURPOSE: Scholarships for Campers | $25,000 |
CAMP HONEYROCK PURPOSE: Scholarships for Campers | $10,000 |
WILDWOOD HILLS RANCH PURPOSE: Scholarships for Campers | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Psalm68five Ministries has recieved totaling $56,024.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $51,000 |
Christian Mission Concerns Waco, TX PURPOSE: OPERATIONS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Church Loan Corporation Dallas, TX | $159,669,152 | $6,699,447 |
Presbyterian Communities And Services Dallas, TX | $18,546,633 | $4,334,623 |
Legacy Of Yogi Bhajan Foundation Santa Cruz, NM | $17,787,649 | $1,568,900 |
The Ruth Foundation Dallas, TX | $4,489,320 | $233,856 |
Ria Charitable Investments Inc Dallas, TX | $87,787,681 | $1,614,739 |
Noah Arc Community Development Corporation Inc Minden, LA | $7,905,393 | $1,130,663 |
Anglican Communion Compass Rose Society Inc Houston, TX | $134,399 | $941,707 |
Global Evangelical Team Inc Huntsville, TX | $1,173,041 | $1,080,905 |
National Christian Charitable Foundation Inc Houston, TX | $829,974 | $998,297 |
The Thanks-Giving Foundation Dallas, TX | $2,754,536 | $764,224 |
Baptist Missionary Loan Association Waxahachie, TX | $19,801,107 | $710,852 |
Christian Heritage Foundation Inc Cleburne, TX | $1,336,414 | $294,253 |