Break-Away Ministries Inc
- Assets
- $291.9k
- Revenue
- $445.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Gadsden, AL
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 63-1169914
Organization Overview
Break-Away Ministries Inc is located in Gadsden, AL. The organization was established in 1997. 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. Break-Away 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 12/2022, Break-Away Ministries Inc generated $445.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $360.8k during the year ending 12/2022. While expenses have increased by 9.6% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PLAN AND PROVIDE SUMMER YOUTH CAMPS, INNER CITY MISSIONS, AND TRANSITIONAL SHELTER FOR THE HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAKAWAY HELD MULTIPLE WINTER AND SUMMER CAMPS, BEGAN TRANSITIONAL HOMES IN GADSDEN, ALABAMA FOR THE HOMELESS, BEGAN A CLOTHES CLOSET FOR THOSE IN NEED, AND BEGAN A YOUTH CENTER - ALL SERVING OVER 750 YOUNG PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward A Nichols Executive Di | Officer | 30 | $16,000 |
Andrew P Brunson DMD Director | Trustee | 1 | $0 |
Cheryl Cornutt Director | Trustee | 1 | $0 |
Tommy Goggans Director | Trustee | 1 | $0 |
Dr Steven Jackson Director | Trustee | 1 | $0 |
Taylor Wiggins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,390 |
| Total Program Service Revenue | $147,636 |
| Investment income | $0 |
| 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 | $445,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,161 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,477 |
| Insurance | $29,864 |
| All other expenses | $27,270 |
| Total functional expenses | $360,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $153,380 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $53,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,878 |
| Accounts payable and accrued expenses | $1,586 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,586 |
| Net assets without donor restrictions | $0 |
| 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 | $290,292 |
| Total liabilities and net assets/fund balances | $291,878 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Break-Away Ministries Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Debardeleben Foundation Inc Birmingham, AL PURPOSE: TO ASSIST AGENCY IN CARRYING OUT CHARITABLE PURPOSE | $100 |
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