Sold Out Youth Ministries Inc
- Assets
- $31.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southern Shores, NC
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 51-0474445
Organization Overview
Sold Out Youth Ministries Inc is located in Southern Shores, NC. The organization was established in 2008. 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. Sold Out Youth 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 12/2021, Sold Out Youth Ministries Inc generated $149.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $139.6k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DEVELOPED FAITH BASED SUPER BOWL TV DOCUMENTARY. ASSISTED ANDMINISTERED TO YOUTH AND CHILDREN BY PROVIDING MENTAL, EMOTIONAL,PHYSICAL AND SPIRITUAL GUIDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roman Gabriel III President | 40 | $43,925 | |
Marsha Gabriel Treasurer | 15 | $21,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,837 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $21,597 |
| Total Revenue | $149,434 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,900 |
| Professional fees and other payments to independent contractors | $1,888 |
| Occupancy, rent, utilities, and maintenance | $7,800 |
| Printing, publications, postage, and shipping | $124 |
| Other expenses | $42,885 |
| Total expenses | $139,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,365 |
| Other assets | $0 |
| Total assets | $31,365 |
| Total liabilities | $40,889 |
| Net assets or fund balances | -$9,524 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sold Out Youth Ministries Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |