Networx Ministries International
- Assets
- $105.1k
- Revenue
- $453.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Amarillo, TX
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 75-2818489
Organization Overview
Networx Ministries International is located in Amarillo, TX. The organization was established in 1999. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. Networx Ministries International 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, Networx Ministries International generated $453.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.0% each year . All expenses for the organization totaled $416.9k during the year ending 12/2022. While expenses have increased by 43.2% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATEMENT 1, THE ORGANIZATION'S PRIMARY PURPOSE:THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO FULFILL THE GREAT COMMISSION THROUGH HELPING PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORM 990 PART III, LINE 4A. WE CONTINUED TO MANAGE RELATIONSHIPS WITH OUR MISSIONARIES / MISSION ORGANIZATIONS THROUGH FREQUENT COMMUNICATIONS WITH THE FIELD PARTNERS, TO PRAY WITH THEM, ENCOURAGE THEM, AND UNDERSTAND THEIR NEEDS. THE INVASION OF RUSSIA INTO UKRAINE REQUIRED THAT WE PROVIDE INTENSE AND IMMEDIATE LOGISTICAL SUPPORT FOR THOSE PARTNERS INSIDE AND OUTSIDE OF UKRAINE WHO WERE DIRECTLY AFFECTED BY THE WAR. SEVERAL HAD TO BE RELOCATED TO OTHER COUNTRIES. SOME NEEDED ESCORT ASSISTANCE TO CROSS BORDERS, WHICH WE PROVIDED. ALL EXPRESSED DEEP GRATITUDE THAT INTERNATIONAL NETWORX CONTINUED WORKING ON THEIR BEHALF TO ENSURE THEIR FUNDING AND SECURITY WERE CONSISTENT. FINALLY, WE MAINTAINED OUR WEBSITE AND BANKING DOCUMENTS TO REFLECT THESE DIFFICULT LOGISTICS.
PART III, LINE 4B. DESPITE THE WAR IN UKRAINE, WE SPENT A SIGNIFICANT AMOUNT OF TIME IN THAT COUNTRY AND SENT AID FOR MANY PROJECTS. WE ASSESSED THE NEED FOR NEW CONSTRUCTION TO HELP WITH INTERNALLY DISPLACED PEOPLE AND REFUGEES IN EUROPE, AND FORGED NEW RELATIONSHIPS WITH PARTNERS IN UKRAINE AND POLAND. WE FINISHED CONSTRUCTION OF A CHRISTIAN SCHOOL IN ARGENTINA FOR 450 CHILDREN. THIS PROJECT INVOLVED FUNDRAISING, TEAM BUILDING USING VOLUNTEERS FROM UKRAINE, RUSSIA, BRAZIL, ARGENTINA AND THE U.S., LOGISTICS DEVELOPMENT, AND THE ACQUISITION OF LOCAL TOOLS AND MATERIALS.
THE PRESIDENT AND CEO TRAVELED TO CZECH REPUBLIC, UKRAINE, POLAND, ARGENTINA, MEXICO AND VARIOUS U.S. STATES FOR ONSITE CONSULTATION, TRAINING, PREPARATION AND MIGRATION ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky R Ruland President / CEO | OfficerTrustee | 55 | $12,840 |
Cyndi Gibson Treasurer | Officer | 20 | $5,150 |
Pavel Kakurin Board Member | 20 | $0 | |
Mandy Finnegan Secretary | Officer | 2 | $0 |
Sherye Talley Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $414,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,810 |
| Total Program Service Revenue | $38,381 |
| 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 | $453,191 |
| 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 | $376,619 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,480 |
| 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 | $19,860 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,251 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,313 |
| 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 | $0 |
| Total functional expenses | $416,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,088 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,088 |
| Accounts payable and accrued expenses | $9,804 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $69,235 |
| 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 | $79,039 |
| Net assets without donor restrictions | $26,049 |
| 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 | $105,088 |