Reaching Souls International Inc
- Assets
- $10.9m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Oklahoma City, OK
- Founding
- 07/1977
- Data as of
- 06/2024
- 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 06/2024, Reaching Souls International Inc employed 31 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 06/2024, Reaching Souls International Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $7.0m during the year ending 06/2024. While expenses have increased by 7.1% per year over the past 9 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
2024
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
NATIONAL MISSIONARY SUPPORT - 5,325,561 SUPPORTED 2,488 NATIONAL PASTORS AND EVANGELISTS SERVING AS NATIONAL MISSIONARIES TO THEIR OWN PEOPLE, REACHING THEIR NATIONS FOR JESUS CHRIST WITHOUT LANGUAGE BARRIERS, TRAVEL BARRIERS, OR CULTURAL BARRIERS IN AFRICA 2,183, LATIN AMERICA 284 ASIA 21. THEIR WORK RESULTED IN A TOTAL OF 424,521 OPEN-AIR MEETINGS, 2,496,182 BAPTISMS, 11,696,247 DECISIONS TO TRUST IN CHRIST AS LORD AND SAVIOR, AND 6,690 NEW CHURCHES.
NATIONAL MISSIONARY ANNUAL REVIEWS NEW MISSIONARY INTERVIEWS - 357,641 WAS INVESTED CONDUCTING REVIEWS OF NATIONAL MISSIONARIES CURRENTLY BEING SUPPORTED BY REACHING SOULS IN AFRICA, LATIN AMERICA, AND ASIA. THIS INCLUDES INTERVIEWS OF NATIONAL MISSIONARY CANDIDATES TO BE PLACED IN RESERVE AND READY TO BE PUT IN THE FIELD IN ALL THREE REGIONS.
NATIONAL MISSIONARY CONFERENCE - 136,909 WAS USED TO CODUCT TRAINING FOR NATIONAL MISSIONARIES AND INCLUDED ANNUAL PERFORMANCE REVIEWS OF NATIONAL MISSIONARIES CURRENTLY BEING SUPPORTED BY REACING SOULS IN ZIMBABWE, UGANDA AND CUBA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Manis Chief Executive Officer President | Officer | 40 | $288,459 |
Robin Palesano Secretary CFO | Officer | 40 | $145,042 |
Odus Compton Chief Operating Officer | Officer | 40 | $131,593 |
Marcus Wilson Assistant Vp-Development | 40 | $108,799 | |
Leah Scoles Assistant To President CEO | 40 | $102,157 | |
Marketta Lemmon VP Of Accounting Finance | 40 | $110,207 |
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 | $9,172,933 |
| Noncash contributions included in lines 1a–1f | $1,372,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,172,933 |
| Total Program Service Revenue | $0 |
| Investment income | $172,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$49,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,296,165 |
| 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. | $566,094 |
| Compensation of current officers, directors, key employees. | $87,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,477,287 |
| Pension plan accruals and contributions | $256,780 |
| Other employee benefits | $328,924 |
| Payroll taxes | $162,604 |
| 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 | $91,910 |
| Advertising and promotion | $207,228 |
| Office expenses | $41,668 |
| Information technology | $78,896 |
| Royalties | $0 |
| Occupancy | $47,551 |
| Travel | $139,152 |
| 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 | $56,227 |
| Insurance | $1,761 |
| All other expenses | $99,270 |
| Total functional expenses | $7,045,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,644,574 |
| Savings and temporary cash investments | $3,680,949 |
| Pledges and grants receivable | $312,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,151,944 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $130,696 |
| Net Land, buildings, and equipment | $805,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,994 |
| Total assets | $10,876,466 |
| Accounts payable and accrued expenses | $63,054 |
| 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 | $168,870 |
| Total liabilities | $231,924 |
| Net assets without donor restrictions | $10,437,473 |
| Net assets with donor restrictions | $207,069 |
| 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 | $10,876,466 |