Freedom Ministries Inc
- Assets
- $4.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Raymondville, TX
- Founding
- 06/1984
- Data as of
- 12/2022
- EIN
- 72-0991267
Organization Overview
Freedom Ministries Inc is located in Raymondville, TX. The organization was established in 1984. 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. Freedom 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, Freedom Ministries Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 8.9% 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
MISSIONARY WORK IN MEXICO AND CENTRAL AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS MADE TO CHURCHES AND OTHER NOT-FOR-PROFIT ORGANIZATIONS
MISSIONARY WORK IN MEXICO AND CENTRAL AMERICA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hogan President | OfficerTrustee | 40 | $161,788 |
Joseph Hogan Secretary | OfficerTrustee | 40 | $53,410 |
Shawn Williamson Treasurer | OfficerTrustee | 40 | $52,827 |
Deborah A Hogan Vice President | OfficerTrustee | 2 | $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 | $2,588,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,588,476 |
| Total Program Service Revenue | $0 |
| Investment income | $10,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,633,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,144 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $588,758 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $330,415 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $12,082 |
| Information technology | $8,527 |
| Royalties | $0 |
| Occupancy | $142,277 |
| Travel | $39,929 |
| 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 | $119,484 |
| Insurance | $31,734 |
| All other expenses | $559 |
| Total functional expenses | $1,786,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,874 |
| Savings and temporary cash investments | $1,546,337 |
| 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 | $54,568 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $721,699 |
| Investments—publicly traded securities | $152,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,002,478 |
| Total assets | $4,289,706 |
| Accounts payable and accrued expenses | $0 |
| 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 | $25,378 |
| Total liabilities | $25,378 |
| 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 | $4,264,328 |
| Total liabilities and net assets/fund balances | $4,289,706 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Freedom Ministries Inc has recieved totaling $28,800.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $16,800 |
Lambert Family Foundation Birmingham, AL PURPOSE: MISSIONS | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Legacy Missions International Dallas, TX | $14,330,799 | $19,529,503 |
East-West Ministries International Plano, TX | $8,184,642 | $19,204,558 |
Marketplace Ministries Inc Plano, TX | $5,987,779 | $19,506,765 |
Pioneer Bible Translators Dallas, TX | $22,558,672 | $19,174,102 |
Society Of St Vincent De Paul Archdiocese Of Galveston-Houston Houston, TX | $7,339,150 | $16,634,792 |
E3 Partners Ministry Plano, TX | $6,012,362 | $14,710,236 |
San Antonio Metropolitan Ministry Inc San Antonio, TX | $12,579,627 | $13,414,405 |
Sower Of Seeds International Ministries Inc Keller, TX | $3,316,148 | $10,449,598 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Union Gospel Mission Of Tarrant County Fort Worth, TX | $65,887,376 | $29,455,408 |
Minnie Slaughter Veal Memorial Fund Dallas, TX | $15,276,892 | $11,585,960 |