Wisdomworks Ministries Inc
- Assets
- $21.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 12/1996
- Data as of
- 08/2023
- EIN
- 75-2673213
Organization Overview
Wisdomworks Ministries Inc is located in Irving, TX. The organization was established in 1996. 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. Wisdomworks 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 08/2023, Wisdomworks Ministries Inc generated $59.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $77.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 7 years. 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
2023
Describe the Organization's Program Activity:
Part 3
WISDOMWORKS MINISTRIES CONDUCTS MEETINGS TO SPREAD THE GOSPEL OF JESUS CHRIST THROUGH SPEAKING, MUSIC, AND PUBLICATIONS AIMED AT REACHING THE YOUTH OF THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Matlock President/di | 40 | $0 | |
Jay Howver Chair/direct | 1 | $0 | |
Jonathan Matlock Vice Chair/d | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,650 |
| Total Program Service Revenue | $23,351 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,001 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,500 |
| Professional fees and other payments to independent contractors | $19,461 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $376 |
| Other expenses | $1,668 |
| Total expenses | $77,005 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,781 |
| Other assets | $0 |
| Total assets | $21,781 |
| Total liabilities | $9,106 |
| Net assets or fund balances | $12,675 |