Bounds Ministries
- Assets
- $390.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-4195567
Organization Overview
Bounds Ministries is located in Midland, TX. The organization was established in 2016. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Bounds 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 12/2023, Bounds Ministries generated $32.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $32.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO SPREAD THE GOSPEL OF JESUS CHRIST, OUR LORD AND SAVIOR,THROUGH TEACHING, PREACHING AND EVANGELIZING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Bounds President | 15 | $0 | |
Joan Hurst Director | 2 | $0 | |
Kevin Copeland Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,715 |
| 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 | $32,715 |
| 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 | $3,656 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,751 |
| Total expenses | $32,407 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $390 |
| Other assets | $0 |
| Total assets | $390 |
| Total liabilities | $0 |
| Net assets or fund balances | $390 |