M516 Inc
- Assets
- $305.9k
- Revenue
- $134.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Elk City, OK
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 47-4223352
Organization Overview
M516 Inc is located in Elk City, OK. The organization was established in 2017. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. M516 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 12/2021, M516 Inc generated $134.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $131.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRIST CENTERED MINISTRY DESIGNED TO REACH THE CORNERS OF THE EARTH WITH THE REDEEMING MESSAGE OF THE GOSPEL TO ALL PEOPLE. ACTIVITIES INCLUDE REVIVALS, YOUTH EVENTS, AND YOUTH CAMPS PREACHING AND TEACHING THE GOSPEL. 24 EVENTS WERE HELD DURING 2021.
CHRIST CENTERED MINISTRY DESIGNED TO REACH THE CORNERS OF THE EARTH WITH THE REDEEMING MESSAGE OF THE GOSPEL TO ALL PEOPLE. ACTIVITIES INCLUDE REVIVALS, YOUTH EVENTS, AND YOUTH CAMPS PREACHING AND TEACHING THE GOSPEL. 24 EVENTS WERE HELD DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Young President | 40 | $77,000 | |
Johnny Stockton Secretary | 0 | $0 | |
Pamela Muncrief Treasurer | 2 | $0 | |
Wade Pruitt Chairman | 0 | $0 | |
Ronda Mikles Director | 0 | $0 | |
Rusty Mcmullen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,980 |
| Interest on Savings | $49 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,789 |
| Total Revenue | $134,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,289 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,461 |
| Printing and publications | $552 |
| Other expenses | $9,427 |
| Total operating and administrative expenses | $130,729 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $131,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,349 |
| Savings and temporary cash investments | $275,533 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $305,882 |
| Accounts payable and accrued expenses | $727 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $727 |
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