Sea Of Hope Ministries
- Assets
- $99.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Keller, TX
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 82-4329917
Organization Overview
Sea Of Hope Ministries is located in Keller, TX. The organization was established in 2019. 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. Sea Of Hope 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 12/2023, Sea Of Hope Ministries generated $127.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $143.0k during the year ending 12/2023. While expenses have increased by 17.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3
SEA OF HOPE TEACHES BIBLE CLASSES, RUNS A KIDS AND YOUTH MINISTRY THESE PROGRAMS HELP SUPPORT TEACHERS AND STUDENTS WITH SUPPLIES, CLOTHES AND FOOD. SEA OF HOPE ALSO SUPPORTS THE COMMUNITY IN PROVIDING NECESSARY ITEMS SUCH AS FOOD, CLOTHING AND MEDICAL ATTENTION TO PEOPLE WHO HAVE LOST THEIR JOBS OR ARE ELDERLY.
WE RUN AND PASTOR A CHURCH IN MARIGOT BAY TEACHING DISCIPLESHIP. WE OVERSEE THE ESTABLISHMENT OF NEW PROGRAMS AND NEW MINISTIRES THAT ARE UNDER THE CHURCH ESTABLISHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Beckum President | 40 | $53,287 | |
Kimberly Beckum Secretary/treasurer | 40 | $0 | |
Heidi Wilson Board Director | 10 | $0 | |
Erik Wilson Board Director | 10 | $0 | |
Teresa Willis Board Director | 10 | $0 | |
Jon Willis Board Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,102 |
| 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 | $127,102 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,287 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $13,148 |
| Printing, publications, postage, and shipping | $5,935 |
| Other expenses | $70,626 |
| Total expenses | $142,996 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,480 |
| Other assets | $0 |
| Total assets | $99,098 |
| Total liabilities | $1,044 |
| Net assets or fund balances | $98,054 |