Royalty Ministries
- Assets
- $1.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- McKinney, TX
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 47-3617399
Organization Overview
Royalty Ministries is located in McKinney, TX. The organization was established in 2018. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, 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. Royalty 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 12/2021, Royalty Ministries generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $2.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrianne Watson President | 22 | $0 | |
Lupe Arnold Treasurer | 3 | $0 | |
Brenda Calhoun Spiritual Advisor, | 1 | $0 | |
Terresia Williams Board Member | 2 | $0 | |
Jackie Massey Spiritual Advisor, | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,458 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,458 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,475 |
| Total expenses | $2,475 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,366 |
| Other assets | $0 |
| Total assets | $1,366 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,366 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Royalty Ministries has recieved totaling $21.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Christian Association Inc Bartlesville, OK | $1,529,543 | $4,210,131 |
Ministries Of Jesus Inc Edmond, OK | $10,769,757 | $1,500,148 |
Lets Start Talking Ministry Hurst, TX | $1,175,098 | $773,330 |
Interfaith Carepartners Inc Houston, TX | $1,075,230 | $1,572,364 |
Tfi Mission Services League City, TX | $1,243,583 | $820,175 |
The Word At Work Amarillo, TX | $440,991 | $794,342 |
Grace House Ministries Weatherford, TX | $1,391,231 | $773,815 |
Gulf Coast Leadership Council Inc Houston, TX | $411,313 | $632,348 |
Oklahoma Conference For Community And Justice Inc Tulsa, OK | $1,873,677 | $607,381 |
Israel Today Ministries Inc Arlington, TX | $8,246 | $305,669 |
Dallas Area Interfaith Sponsoring Committee Dallas, TX | $682,183 | $667,459 |
Dallas Area Interfaith Dallas, TX | $616,584 | $284,416 |