Polwarth Ministries
- Assets
- $116.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 51-0558527
Organization Overview
Polwarth Ministries is located in Waco, TX. The organization was established in 2007. 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. Polwarth 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, Polwarth Ministries generated $191.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $141.2k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PASTOR INDIVIDUALS INVOLVED IN CHRISTIAN ORGANIZATIONS BY PROVIDING MENTORING RELATIONSHIPS, SPIRITUAL RETREATS, AND THE PRACTICING OF SPIRITUAL DISCIPLINE IN PRAYER AND GENERAL LIFE ISSUES. THE MENTORING IS A MIX OF SPIRITUAL DIRECTION AND COACHING. THE SMALL GROUPS FOCUS ON SPIRITUAL FORMATION FROM A BIBLICAL PERSPECTIVE. THESE PROGRAMS AND RETREATS ARE CENTERED ON GROWING IN CHRIST AND IMPACTING AND LEADING OTHERS. IN ADDITION TO THE MANY ONE ON ONE MEETINGS, IN 2023 THERE WERE 345 INDIVIDUALS INVOLVED IN 8 DIFFERENT RETREATS AND 11 INDIVIDUALS INVOLVED IN SABBATICAL COACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Smith Director | 40 | $90,983 | |
Kevin Sparks Board Member | 0 | $0 | |
Neal Howard Board Member | 0 | $0 | |
Link Harris Board Member | 0 | $0 | |
Paul Bernardy Board Member | 0 | $0 | |
Douglas Tigtig Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,881 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $202 |
| Gain or Loss | $14,000 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $191,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $107,605 |
| Professional fees and other payments to independent contractors | $200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,444 |
| Total expenses | $141,249 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,085 |
| Other assets | $0 |
| Total assets | $116,530 |
| Total liabilities | $9,317 |
| Net assets or fund balances | $107,213 |