Very Bold Ministries Inc
- Assets
- $74.7k
- Revenue
- $239.4k
- Investments
- $0.0
- Employees
- 1
- Location
- New Braunfels, TX
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 74-2982652
Organization Overview
Very Bold Ministries Inc is located in New Braunfels, TX. The organization was established in 2001. 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. Very Bold 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, Very Bold Ministries Inc generated $239.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $225.5k during the year ending 12/2022. While expenses have increased by 15.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, AND EQUIP CHRISTIANS BELIEVERS AND EVANGELIZE NON-BELIEVERS
Describe the Organization's Program Activity:
Part 3
PEANUT BUTTER BOWL. CONDUCTED COMMUNITY OUTREACH ACTIVITIES TO PUBLICIZE AND INCREASE SUPPORT FOR LOCAL PROGRAMS PROVIDING FOOD FOR CHRONICALLY HUNGRY YOUTHS AND FAMILIES IN SOUTH AND CENTRAL TEXAS
VERY BOLD RADIO & PODCASTS. PREPARED AND DISTRIBUTED EVANGELICAL AND DISCIPLESHIP MESSAGES AND TOOLS VIA WEEKLY RADIO BROADCAST, PODCASTS, SOCIAL MEDIA OUTLETS, AND WEBSITE.
VERY BOLD COACHES, ATHLETES, AND PASTORAL CARE. CONDUCTED EVANGELICAL OUTREACH ACTIVITIES INCLUDING RETREATS AND WEEKLY BIBLE STUDIES FOR HIGH SCHOOL COACHES; COUNSELED AND ENCOURATED PROFESSIONAL ATHLETES AND OTHER DEALING WITH ILLNESSES, GRIEF, AND RELATIONSHIP ISSUES
SCRAPPIN' PREPARED AND CREATED NEW BIBLE MEMORY VERSE TOOL AND LYRIC AND MUSIC VIDEOS FOR RELEASE THROUGH SOCIAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven L Teel President/di | 0 | $0 | |
Scott Angelico Treasurer/di | 0 | $0 | |
Tanya Sammis Secretary/di | 0 | $0 | |
Kris Teel Director | 0 | $0 | |
Justin Graves Director | 0 | $0 | |
Eli Ortiz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $110,578 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,388 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $239,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,590 |
| 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. | $75,000 |
| 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 | $5,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,509 |
| 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 | $19,427 |
| Advertising and promotion | $15,449 |
| Office expenses | $17,058 |
| Information technology | $9,048 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,780 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,884 |
| Total functional expenses | $225,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,716 |
| Savings and temporary cash investments | $0 |
| 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 | $2 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $933 |
| Total assets | $74,651 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $74,651 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $74,651 |
Grants Awarded
Over the last fiscal year, Very Bold Ministries Inc has awarded $25,208 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HILL COUNTRY DAILY BREAD MINISTRIES | | | $9,342 |
SNAKPAK4KIDS | | | $15,866 |