Fourten Ministries Inc
- Assets
- $131.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lavon, TX
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 82-1792959
Organization Overview
Fourten Ministries Inc is located in Lavon, TX. The organization was established in 2017. 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. Fourten 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 12/2022, Fourten Ministries Inc generated $34.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $87.0k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
FOURTEN MINISTRIES PROVIDES SUPPORT, BENEVOLENCE, WORK PROJECTS, SUPPLIES, AND CRITICAL RESOURCES IN CHRISTIAN MINISTRY ALONG WITH OTHER NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trent Chambers President | 25 | $8,000 | |
Wayne Hanks Jr Vice President | 0.5 | $0 | |
Angela Chambers Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,000 |
| Professional fees and other payments to independent contractors | $6,451 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,616 |
| Total expenses | $86,954 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $131,134 |
| Other assets | $0 |
| Total assets | $131,134 |
| Total liabilities | $20,250 |
| Net assets or fund balances | $110,884 |