Arnold Ministries Inc
- Assets
- $148.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grove, OK
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 73-1529491
Organization Overview
Arnold Ministries Inc is located in Grove, OK. The organization was established in 1998. 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. Arnold 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, Arnold Ministries Inc generated $194.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $194.0k during the year ending 12/2021. While expenses have increased by 3.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE MINISTRY PREACHED THE GOSPEL OF JESUS CHRIST IN LOCAL CHURCHES AND CONFERENCES ACROSS THE UNITED STATES, CUBA, PHILIPPINES, AND IRELAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Arnold President | 50 | $25,200 | |
Phyllis E Arnold Secretary | 45 | $18,000 | |
Neil King Vice Preside | 10 | $0 | |
Alton Terry Mathews Vice Preside | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,738 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,700 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,438 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,400 |
| Professional fees and other payments to independent contractors | $2,100 |
| Occupancy, rent, utilities, and maintenance | $30,028 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $75,436 |
| Total expenses | $193,964 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,724 |
| Other assets | $0 |
| Total assets | $148,534 |
| Total liabilities | $112,004 |
| Net assets or fund balances | $36,530 |
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