Missions Resource Network
- Assets
- $4.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Bedford, TX
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 75-2766086
Organization Overview
Missions Resource Network is located in Bedford, TX. The organization was established in 1999. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Missions Resource Network employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missions Resource Network 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, Missions Resource Network generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE ORGANIZATION'S MISSION TO PROVIDE SERVICES AND RESOURCES THAT CAN BE ACCESSED BY LOCAL CHURCHES AND MISSIONARIES IN THEIR EFFORTS TO TEACH AND SPREAD THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SERVICES AND RESOURCES THAT CAN BE VOLUNTARILY ACCESSED BY LOCAL CHURCHES AND MISSIONARIES IN THEIR EFFORTS TO TEACH AND SPREAD THE GOSPEL OF JESUS CHRIST. PROGRAMS INCLUDE: CHURCH EQUIPPING WHICH PROVIDES CHURCHES WITH RESOURCES AND TOOLS TO BETTER MANAGE THEIR MISSION EFFORTS; CHURCH PLANTING WHICH HELPS IDENTIFY POTENTIAL MISSION SITES AND AVAILABLE MISSIONARIES; MISSIONARY CARE PROVIDES MENTAL HEALTH SUPPORT FOR MISSIONARIES.
PROVIDE INTERNATIONAL EXPOSURE FOR MISSION EFFORTS ALONG WITH INFORMATION UPDATES AND NETWORKING OPPORTUNITIES FOR MISSIONARIES AND MISSION SPONSORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Bouchelle Executive Di | OfficerTrustee | 40 | $131,104 |
Brad Crisp Vice Chair | OfficerTrustee | 5 | $0 |
Ron Holland Secretary | OfficerTrustee | 5 | $0 |
Van Kimbro Chair | OfficerTrustee | 5 | $0 |
Estellene Allen Trustee | Trustee | 1 | $0 |
Justin Chamblee Trustee | Trustee | 1 | $0 |
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 | $1,692,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,692,870 |
| Total Program Service Revenue | $35,151 |
| Investment income | $335,360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,063,631 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,132,555 |
| Pension plan accruals and contributions | $72,602 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $55,996 |
| Advertising and promotion | $25,179 |
| Office expenses | $30,887 |
| Information technology | $1,160 |
| Royalties | $0 |
| Occupancy | $62,989 |
| Travel | $27,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,224 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,248 |
| Insurance | $7,158 |
| All other expenses | $9,394 |
| Total functional expenses | $1,665,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,308,135 |
| 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 | $13,296 |
| Net Land, buildings, and equipment | $22,573 |
| Investments—publicly traded securities | $2,640,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $595,880 |
| Total assets | $4,580,881 |
| Accounts payable and accrued expenses | $67,038 |
| 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 | $539,457 |
| Total liabilities | $606,495 |
| Net assets without donor restrictions | $1,333,389 |
| Net assets with donor restrictions | $2,640,997 |
| 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 | $4,580,881 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Missions Resource Network has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Timothy A And Marion Lindley Goudeau Charitable Family Foundati Midland, TX PURPOSE: TO HELP THE MISSIONS RESEARCH NETWORK MEET ITS GOALS. | $30,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iron Gate Inc Tulsa, OK | $11,231,140 | $2,664,818 |
Missions Resource Network Bedford, TX | $4,580,881 | $2,063,631 |
Schusterman Initiatives Inc Tulsa, OK | $1,811,845 | $3,942 |
Texas Christian Educational Foundation Inc Houston, TX | $3,507,628 | $1,666,291 |
Young Catholic Professionals Dallas, TX | $810,022 | $1,118,843 |
Field Life Tomball, TX | $182,533 | $465,820 |
Christ Embassy Lewisville, TX | $113,474 | $528,118 |
Gaston Christian Center Dallas, TX | $4,871,470 | $697,659 |
New Beginnings Title Holding Company Brenham, TX | $0 | $89,146 |
Glocal Mission Houston, TX | $584,873 | $354,902 |
Fdm World Inc Horseshoe Bay, TX | $57,518 | $331,075 |
Love God Greatly Inc Heath, TX | $184,406 | $280,925 |