Reaching Souls International Inc
- Assets
- $9.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Oklahoma City, OK
- Founding
- 07/1977
- Data as of
- 06/2021
- EIN
- 73-1019628
Organization Overview
Reaching Souls International Inc is located in Oklahoma City, OK. The organization was established in 1977. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Reaching Souls International Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reaching Souls International 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 06/2021, Reaching Souls International Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $4.5m during the year ending 06/2021. While expenses have increased by 2.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MINISTRY PROVIDES TRAINING, ACCOUNTABILITY AND FINANCIAL SUPPORT TO AID NATIVE EVANGELISTS IN DEVELOPING NATIONS TO MORE EFFECTIVELY PREACH THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED 2,071 NATIONAL PASTORS AND EVANGELISTS SERVING AS NATIONAL MISSIONARIES IN AFRICA 1,771, CUBA 290 INDIA 10. THEIR WORK RESULTED IN A TOTAL OF 251,184 OPEN-AIR MEETINGS, 836,925 BAPTISMS, 6,875,761 SALVATIONS, 4,636 CHURCH STARTS.
SUPPORTED 499 ORPHANED CHILDREN IN AFRICA 489 AND INDIA 30-MOST OF WHOM WERE PLACED IN HOMES OF CHRISTIAN FAMILIES AND RAISED AS ADOPTED CHILDREN WITH SUPPORT PROVISIONS GOING TO THE ADOPTIVE PARENTS FOR THE BENEFIT OF BOTH THE ADOPTED CHILD AND THE ADOPTING FAMILY. THESE CHILDREN AND FAMILIES ARE SUPERVISED, REVIEWED, AND MINISTERED TO BY OUR NATIONAL MISSIONARIES WHO ARE PASTORING THE CHURCHES IN THE DIFFERENT AREAS OF AFRICA AND INDIA.
CONDUCTED REVIEWS OF NATIONAL MISSIONARIES CURRENTLY BEING SUPPORTED BY REACHING SOULS IN ALL AFRICAN COUNTRIES, AND IN CUBA. CONDUCTED INTERVIEWS OF POTENTIAL NATIONAL MISSIONARIES TO BE PLACED IN RESERVE AND READY TO BE PUT IN THE FIELD UPON NEED IN ALL COUNTRIES IN AFRICA, AND IN CUBA AND MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Manis Chief Executive Officer President | Officer | 40 | $204,177 |
Robin Palesano Chief Financial Officer Secretary | Officer | 40 | $101,552 |
Odus Compton Cheif Operating Officer | Officer | 40 | $94,872 |
Marcus Wilson Associate Director Of Development | 40 | $86,379 | |
Ben Manis President Emeritus | 2 | $45,000 | |
Trent Wade Chief Development Officer | Officer | 40 | $35,131 |
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 | $5,935,660 |
| Noncash contributions included in lines 1a–1f | $186,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,935,660 |
| Total Program Service Revenue | $0 |
| Investment income | $71,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,654 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,014,810 |
| 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. | $574,240 |
| Compensation of current officers, directors, key employees. | $80,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $858,407 |
| Pension plan accruals and contributions | $145,401 |
| Other employee benefits | $206,480 |
| Payroll taxes | $46,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,061 |
| Fees for services: Accounting | $17,553 |
| 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 | $0 |
| Information technology | $112,004 |
| Royalties | $0 |
| Occupancy | $53,929 |
| Travel | $34,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,763 |
| Insurance | $0 |
| All other expenses | $47,089 |
| Total functional expenses | $4,484,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,818,932 |
| Savings and temporary cash investments | $1,756,800 |
| Pledges and grants receivable | $147,604 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,529,884 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118,845 |
| Net Land, buildings, and equipment | $673,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,977 |
| Total assets | $9,096,171 |
| Accounts payable and accrued expenses | $53,248 |
| 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 | $105,515 |
| Total liabilities | $158,763 |
| Net assets without donor restrictions | $7,199,977 |
| Net assets with donor restrictions | $1,737,431 |
| 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 | $9,096,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reaching Souls International Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Merrick Foundation Amarillo, TX PURPOSE: OPERATIONS | $60,000 |
Endowment Analysis
| Beg. Balance | $368,365 |
| Earnings | $109,891 |
| Admin Expense | $4,418 |
| Net Contributions | $568,000 |
| Ending Balance | $1,041,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |