Walking Faith Ministry Inc
- Assets
- $137.1k
- Revenue
- $384.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Bellaire, TX
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 76-0451313
Organization Overview
Walking Faith Ministry Inc is located in Bellaire, TX. The organization was established in 1995. 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 12/2021, Walking Faith Ministry Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walking Faith Ministry 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 12/2021, Walking Faith Ministry Inc generated $384.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $353.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME AND INDIGENT CHILDREN'S ACTIVITY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE A CHILDREN'S MISSION, PROVIDING MEALS, EDUCATION AND HEALTHTRAINING, WORSHIP SERVICES, ENTERTAINMENT, AND OTHER BASIC NEEDS TOINDIGENT AND LOW INCOME FAMILIES WITH EMPHASIS ON THE BASIC NEEDS OFCHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Binkly President | OfficerTrustee | 40 | $12,584 |
Gilda Duncan Secretary | OfficerTrustee | 40 | $7,913 |
James Duncan Treasurer | OfficerTrustee | 10 | $0 |
Jack Parks CFO | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,330 |
| Total Program Service Revenue | $0 |
| 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 | $384,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,700 |
| Grants and other assistance to domestic individuals. | $31,731 |
| Grants and other assistance to Foreign Orgs/Individuals | $62,918 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,497 |
| Compensation of current officers, directors, key employees. | $7,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,569 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,191 |
| Information technology | $7,275 |
| Royalties | $0 |
| Occupancy | $61,554 |
| Travel | $13,954 |
| 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 | $5,901 |
| Insurance | $0 |
| All other expenses | $13,509 |
| Total functional expenses | $353,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,944 |
| 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 | $13,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,124 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,276 |
| Total liabilities | $1,276 |
| Net assets without donor restrictions | $135,848 |
| 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 | $137,124 |
Grants Awarded
Over the last fiscal year, Walking Faith Ministry Inc has awarded $12,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STAR FAMILY SINGERS | | | $6,800 |
LAST CALL MINISTRIES | | | $5,600 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Walking Faith Ministry Inc has recieved totaling $81,142.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $36,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $30,000 |
Everest Foundation Bellaire, TX PURPOSE: RELIGIOUS | $15,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Rachal Foundation Corpus Christi, TX | $646,089,771 | $106,764,115 |
Glory Of Zion International Ministries Inc Denton, TX | $19,221,752 | $22,884,653 |
Emmaus Calling Inc Lakeway, TX | $82,731,037 | $15,260,002 |
Evelyn Rubenstein Jewish Community Center Of Houston Texas Houston, TX | $63,544,592 | $32,335,855 |
Multi-Faith Retirement Services Live Oak Retirement Center Shreveport, LA | $13,466,156 | $10,872,483 |
Southern Oklahoma Memorial Foundation Inc Ardmore, OK | $106,106,910 | $11,493,167 |
El Paso Center For Children Inc El Paso, TX | $2,932,170 | $7,098,518 |
Adult & Teen Challenge Of Texas San Antonio, TX | $11,283,106 | $8,543,774 |
Project Vida El Paso, TX | $4,738,725 | $6,974,845 |
If Gathering Dallas, TX | $3,452,499 | $4,210,258 |
Ecumenical Center For Religion And Health San Antonio, TX | $7,342,387 | $4,148,621 |
To Every Tribe Los Fresnos, TX | $3,193,524 | $2,946,318 |