Evangelical Development Ministry
- Assets
- $4.0m
- Revenue
- $3.3m
- Investments
- $151.0k
- Employees
- 6
- Location
- Dallas, TX
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 75-2216546
Organization Overview
Evangelical Development Ministry is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Evangelical Development Ministry employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evangelical Development Ministry 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, Evangelical Development Ministry generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. 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
THE ORGANIZATION PROMOTES THE GOSPEL MESSAGE OF JESUS CHRIST THROUGH EVANGELISTIC AND MISSIONARY ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS ARMS OF LOVE, ARMS OF LOVE MINISTRY, SAN ANTONIO ARMS OF LOVE, ARMS OF LOVE PRESS: TEXAS ARMS OF LOVE ASSISTS MINISTRIES WITH RESOURCES AND SUPPLIES ENABLING THEM TO STRENGTHEN THEIR MISSION AND FUNCTION AT A LARGER CAPACITY. THOUSANDS ON MINISTRIES HAVE BEEN ASSISTED OVER THE YEARS; ARMS OF LOVE MINISTRY HELPS INDIVIDUALS IN THEIR MOMENT OF NEED OR CRISIS. HUNDREDS OF INDIVIDUALS HAVE BEEN CARED FOR AND PRAYED FOR; ARMS OF LOVE PRESS PROVIDES PRINTED MATERIALS TO VARIOUS ORGANIZATIONS INCLUDING PRISONS; SAN ANTONIO ARMS OF LOVE HAS REACHED OVER 50,000 YOUTH IN PUBLIC MEETINGS, STUDY GROUPS, AND PRAYER MEETINGS. BIBLE STUDY RADIO PROGRAMS ARE AIRED WEEKLY.
THE ORGANIZATION SUPPORTS MISSION MESSIAH WHICH PROVIDES HOMES FOR WOMEN AND CHILDREN WHO HAVE BATTLED ADDITION OR ABUSE. THE PROGRAM PROVIDES SUPPORT AND LIFESTYLE TRAINING TO HELP THESE WOMEN LEAD INDEPENDENT AND PRODUCTIVE LIVES.
MISSIONARY ACTIVITIES CARRIED ON BY THE ORGANIZATION SUPPORT INDIVIDUALS, COMMUNITIES, AND OTHER NOT-FOR-PROFIT ORGANIZATIONS. THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO OVER THIRTY OTHER ORGANIZATIONS WHOSE PROGRAMS INCLUDE SUPPORTING U.S. TROOPS, PROVIDE MEDICAL CARE, CLOTHING, FOOD, AND EDUCATION OPPORTUNITIES FOR ORPHANS AND SINGLE MOTHERS, PROVIDE FINANCIAL SUPPORT FOR WIDOWS AND SINGLE MOTHERS, PROVIDE SUPPORT FOR MINISTRIES BOTH LOCALLY AND ABROAD, PROVIDE BIBLE STUDY PROGRAMS, AND MANY OTHER PROGRAMS DEVOTED TO SPREADING THE TEACHINGS OF CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Andrew Read President/director | OfficerTrustee | 60 | $17,050 |
James Mckinney Treasurer | OfficerTrustee | 1 | $0 |
Dene Allred Chairman | OfficerTrustee | 1 | $0 |
Holmes M Bryan Jr Secretary | OfficerTrustee | 60 | $73,921 |
Rick Waggoner Director | Trustee | 1 | $0 |
James Bridges Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,902,652 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $47,420 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,902,652 |
| Total Program Service Revenue | $231,919 |
| Investment income | $12,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,313 |
| Net Gain/Loss on Asset Sales | $98,953 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$36,067 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,250,271 |
| 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 | $224,001 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,817 |
| Compensation of current officers, directors, key employees. | $31,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,130 |
| Payroll taxes | $16,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,818 |
| Office expenses | $49,611 |
| Information technology | $9,971 |
| Royalties | $0 |
| Occupancy | $47,864 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,547 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,629,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,194 |
| Loans from Officers, Directors, or Controlling Persons | $330,443 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $492,796 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,145,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $150,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,476 |
| Total assets | $3,950,838 |
| Accounts payable and accrued expenses | $97,636 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,277 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $394,253 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,805 |
| Total liabilities | $577,971 |
| Net assets without donor restrictions | $3,248,819 |
| Net assets with donor restrictions | $124,048 |
| 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 | $3,950,838 |