Joel Gregory Ministries
- Assets
- $454.9k
- Revenue
- $265.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Waco, TX
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 75-2895890
Organization Overview
Joel Gregory Ministries is located in Waco, TX. The organization was established in 2002. 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. As of 12/2022, Joel Gregory Ministries employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joel Gregory Ministries 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, Joel Gregory Ministries generated $265.1k 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 (8.1%) each year. All expenses for the organization totaled $198.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) 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
JOEL GREGORY MINISTRIES IS A MINISTRY OF PREACHING, TEACHING, WRITING, AND CONSULTING AT CHURCHES, CONFERENCES, EDUCATIONAL INSTITUTIONS AND WITH INDIVIDUALS FOR PURPOSES OF PROCLAIMING AND TEACHING THE CHRISTIAN FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOEL GREGORY MINISTRIES WAS FORMED TO SPREAD THE GOSPEL OF JESUS CHRIST THROUGH THE TEACHING AND PREACHING OF BIBLICAL PRINCIPLES IN CONFERENCES, SEMINARS, AND WORSHIP SERVICES AND ALSO THROUGH ELECTRONIC RECORDINGS AND PRINTED MATERIALS. IN 2022, THE ACTIVITIES OF THE MINISTRY WERE STILL CURTAILED BY THE AFTER EFFECTS OF THE GLOBAL PANDEMIC. HOWEVER, THE MINISTRY DID CONDUCT 43 MINISTRY SPEAKING ENGAGEMENTS AND HOSTED 6 PROCLAIMERS PLACE SEMINARS. IN ADDITION TO THIS,THE MINISTRY HOSTED PROFESSIONAL CONSULTATIONS VIA ZOOM AND TELEPHONE ASSISTING PASTORS AND CHURCHES WITH VARIOUS ISSUES FACING THEM IN THEIR MINISTRIES AND THEIR CHURCHES. MORE THAN 100 HOURS OF CONSULTING TIME WAS CONDUCTED IN 2022. THESE ACTIVITIES ASSISTED IN KEEPING PASTORS AND OTHER CHURCH TEAM MEMBERS MENTALLY HEALTHY DURING THESE CHALLENGING TIMES AS WELL AS TRAINING IN VARIOUS THEOLOGICAL TOPICS. THE MINISTRY MAINTAINED ITS ACTIVE CONSULTATION COMMITMENT WITH COMPASSION INTERNATIONAL, A HIGHLY REPUTABLE CHILD SPONSORSHIP ORGANIZATION WITH OPERATIONS IN 25 COUNTRIES HELPING 1.9 MILLION CHILDREN. THE MINISTRY ALSO EXPANDED ITS PRODUCTION OF VIDEO MATERIALS AND THE RELATED DISTRIBUTION OF THESE MATERIALS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Singer Chairman/dir | OfficerTrustee | 5 | $20,000 |
Joel Gregory President/di | OfficerTrustee | 40 | $16,188 |
Joe Carter Secretary/di | OfficerTrustee | 0.25 | $0 |
Bill Crouch Director | Trustee | 0.25 | $0 |
Gary Elliston Director | Trustee | 0.25 | $0 |
Ralph Douglas West Sr Chairman/dir | OfficerTrustee | 0.25 | $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 | $165,991 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,991 |
| Total Program Service Revenue | $64,835 |
| Investment income | $3,155 |
| 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 | $15,787 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,478 |
| Grants and other assistance to domestic individuals. | $1,285 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,072 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $13,006 |
| Other salaries and wages | $31,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,150 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,159 |
| Advertising and promotion | $1,090 |
| Office expenses | $16,539 |
| Information technology | $4,154 |
| Royalties | $0 |
| Occupancy | $5,506 |
| Travel | $56,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,854 |
| Insurance | $1,072 |
| All other expenses | $5,365 |
| Total functional expenses | $197,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,253 |
| Savings and temporary cash investments | $398,499 |
| 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 | $4,755 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $454,863 |
| Accounts payable and accrued expenses | $17,176 |
| 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 | $1,670 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $135,200 |
| Other liabilities | $0 |
| Total liabilities | $154,046 |
| Net assets without donor restrictions | $0 |
| 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 | $300,817 |
| Total liabilities and net assets/fund balances | $454,863 |