Superchannel Worship Ministries Inc
- Assets
- $62.5m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Altamonte Springs, FL
- Founding
- 01/2002
- Data as of
- 12/2020
- EIN
- 59-1798262
Organization Overview
Superchannel Worship Ministries Inc is located in Altamonte Springs, FL. The organization was established in 2002. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Superchannel Worship Ministries Inc employed 16 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Superchannel Worship 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 12/2020, Superchannel Worship Ministries Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $4.5m during the year ending 12/2020. While expenses have increased by 8.1% per year over the past 6 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.
Since 2015, Superchannel Worship Ministries Inc has awarded 86 individual grants totaling $22,845,172. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE KINGDOM OF JESUS CHRIST THROUGH WORSHIP ACTIVITIES, COLLABORATION WITH OTHER CHURCHES TO BROADCAST WORSHIP AND TEACHING, SERVING THE NEEDY, AND MORE.
Describe the Organization's Program Activity:
THE ORGANIZATION CONDUCTS REGULAR RELIGIOUS WORSHIP/CHURCH SERVICES, PROVIDES PRAYER AND FINANCIAL ASSISTANCE TO NEEDY INDIVIDUALS, AND COLLABORATES WITH OTHER CHURCHES AND CHRISTIAN MINISTRIES IN ADVANCING SHARED RELIGIOUS PURPOSES BY BROADCASTING WORSHIP AND TEACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claud Bowers President/chairman | OfficerTrustee | 32 | $176,483 |
Freeda Bowers Asst. Vp; Asst. Secr./treas. | OfficerTrustee | 22 | $58,690 |
Angela Mackenzie Vice Chair/vice Pres.; Secr./treas. | OfficerTrustee | 0.3 | $0 |
Stephen Beik Asst. Sec./vice Chair (ended 06/21) | OfficerTrustee | 0.2 | $0 |
Thurlow Spurr Director | Trustee | 0.4 | $1,300 |
Elbert Hall Director | Trustee | 0.4 | $1,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,429 |
| Total Program Service Revenue | $1,881,068 |
| Investment income | $25,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,819,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,548,494 |
| Grants and other assistance to domestic individuals. | $87,849 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $268,614 |
| Compensation of current officers, directors, key employees. | $140,598 |
| Compensation to disqualified persons | $97,516 |
| Other salaries and wages | $634,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,170 |
| Payroll taxes | $64,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,420 |
| Fees for services: Accounting | $58,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,172 |
| Advertising and promotion | $1,204 |
| Office expenses | $95,268 |
| Information technology | $19,628 |
| Royalties | $9,238 |
| Occupancy | $173,921 |
| Travel | $15,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,155 |
| Interest | $607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,004 |
| Insurance | $33,098 |
| All other expenses | $9,887 |
| Total functional expenses | $4,538,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,636,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,406,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,308,051 |
| Total assets | $62,471,774 |
| Accounts payable and accrued expenses | $13,244 |
| Grants payable | $0 |
| Deferred revenue | $86,882 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $95,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $459,343 |
| Total liabilities | $654,469 |
| Net assets without donor restrictions | $61,817,305 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,471,774 |
Grants Awarded
Over the last fiscal year, Superchannel Worship Ministries Inc has awarded $2,273,906 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELA COURTE MINISTRIES INC PURPOSE: General ministry support | $5,500 |
SUPERCHANNEL CENTRE INC PURPOSE: Building construction and other general ministry support | $2,221,206 |
CHRISTIAN BROADCASTING NETWORK INC PURPOSE: General ministry support | $10,200 |
JESUS IMAGE INC PURPOSE: General ministry support | $12,000 |
CROSSPOINT CHURCH OF PONCE DE LEON INC PURPOSE: General ministry support | $7,000 |
LIBERTY COUNSEL INC PURPOSE: General ministry support | $12,000 |