Founders Ministries Inc
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Cape Coral, FL
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 65-0243661
Organization Overview
Founders Ministries Inc is located in Cape Coral, FL. The organization was established in 1992. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Founders Ministries Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Founders 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, Founders Ministries Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 35.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROCLAIM THE GOSPEL OF JESUS CHRIST THROUGH A MINISTRY OF TEACHING AND ENCOURAGEMENT PROMOTING BOTH DOCTRINE AND DEVOTION EXPRESSED IN THE DOCTRINES OF GRACE AND THEIR EXPERIENTIAL APPLICATION TO THE LOCAL CHURCH, PARTICULARLY IN THE AREAS OF WORSHIP AND WITNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDERS PUBLICATIONS SOLD ON SUBSCRIPTION BASIS AND DIRECT SALES OF BOOKS, CDS & DVDS. A WEEKLY PODCAST IS ALSO AVAILABLE.
STUDY CENTER PROVIDED COURSES, RESOURCES, AND TRAINING MATERIALS FOR THOSE IN MINISTRY OR PURSUING THE MINISTRY OF THE GOSPEL.
NATIONAL & REGIONAL CONFERENCES - PROVIDED SUPPORT FOR TWO REGIONAL CONFERENCES AND MAINTAINED EXHIBITS AT THREE NATIONAL CONFERENCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas K Ascol President | OfficerTrustee | 40 | $103,000 |
Travis Allen Chairman | OfficerTrustee | 0 | $0 |
Bill Ascol Secretary | OfficerTrustee | 0 | $0 |
Jared Longshore Treasurer | OfficerTrustee | 0 | $0 |
Voddie Baucham Director | Trustee | 0 | $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 | $783,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $783,256 |
| Total Program Service Revenue | $589,821 |
| Investment income | $9,082 |
| 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 | $1,390,834 |
| 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. | $103,000 |
| Compensation of current officers, directors, key employees. | $51,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,176 |
| Office expenses | $20,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,940 |
| 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 | $6,662 |
| Insurance | $3,712 |
| All other expenses | $97,140 |
| Total functional expenses | $1,027,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,067,802 |
| Savings and temporary cash investments | $129,676 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $109,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,307,068 |
| Accounts payable and accrued expenses | $2,554 |
| 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 | $2,554 |
| 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 | $1,304,514 |
| Total liabilities and net assets/fund balances | $1,307,068 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Founders Ministries Inc has recieved totaling $146,730.
| Awarding Organization | Amount |
|---|---|
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $138,830 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $7,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Centers Of South Broward Inc Davie, FL | $12,657,213 | $12,586,061 |
The Foundry Ministries Inc Bessemer, AL | $6,292,436 | $8,931,425 |
Adolph And Rose Levis Jewish Community Center Inc Boca Raton, FL | $8,678,935 | $9,704,813 |
Cornerstone Schools Of Alabama Inc Birmingham, AL | $11,890,966 | $6,756,553 |
Dave And Mary Alper Jewish Miami, FL | $9,662,042 | $4,603,433 |
Miami Beach Jewish Community Center Inc Miami Beach, FL | $18,625,446 | $4,829,560 |
Samuel M And Helen E Soref Jewish Community Center Inc Plantation, FL | $5,065,772 | $4,458,636 |
Neighborhood Center Of West Volusia Inc Deland, FL | $3,000,999 | $4,092,130 |
The Cooperative Downtown Ministries Incorporated Birmingham, AL | $9,100,577 | $3,578,316 |
The Palm Beach Jewish Community Campus Corporation West Palm Beach, FL | $9,047,607 | $2,755,008 |
The Ordinary People Society Inc Dothan, AL | $521,362 | $2,175,764 |
Dumas Wesley Community Center Mobile, AL | $6,140,927 | $1,127,513 |