Paul Tripp Ministries Inc
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Philadelphia, PA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 83-0461061
Organization Overview
Paul Tripp Ministries Inc is located in Philadelphia, PA. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Paul Tripp Ministries Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul Tripp 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 12/2021, Paul Tripp Ministries Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CONNECT THE TRANSFORMING POWER OF JESUS CHRIST TO EVERY-DAY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAUL TRIP MINISTRIES WAS ABLE TO SPEAK TO THOUSANDS OF PEOPLE THROUGHOUT THE WORLD AT MANY CONFERENCES AND WAS ABLE TO FURTHER THE CONTINUATION OF EDUCATING PEOPLE WITH WHOM THE MINISTRY COME INTO CONTACT.
PAUL TRIPP MINISTRIES HAS APPROVED THOUSANDS OF RESOURCES WORLDWIDE TO HELP EDUCATE THOSE INDIVIDUALS IN ACCORDANCE WITH THE GOALS OF OUR MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Sarkisian Vice President | OfficerTrustee | 60 | $171,207 |
Paul Tripp President And Chairman | OfficerTrustee | 60 | $127,067 |
Malcolm Osborn Board Member | Trustee | 5 | $0 |
Benjamin Fallon Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,122,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,181,126 |
| Total Program Service Revenue | $577,016 |
| Investment income | $2,576 |
| 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 | $1,760,718 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $298,274 |
| Compensation of current officers, directors, key employees. | $17,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,781 |
| 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 | $38,190 |
| Advertising and promotion | $276,406 |
| Office expenses | $24,156 |
| Information technology | $26,482 |
| Royalties | $0 |
| Occupancy | $30,712 |
| Travel | $15,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,594 |
| Insurance | $20,936 |
| All other expenses | $855 |
| Total functional expenses | $1,245,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793,449 |
| Savings and temporary cash investments | $249,377 |
| 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 | $372,006 |
| Prepaid expenses and deferred charges | $2,098 |
| Net Land, buildings, and equipment | $24,283 |
| Investments—publicly traded securities | $33,330 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,474,543 |
| Accounts payable and accrued expenses | $30,592 |
| 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 | $0 |
| Total liabilities | $30,592 |
| Net assets without donor restrictions | $1,388,757 |
| Net assets with donor restrictions | $55,194 |
| 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 | $1,474,543 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Paul Tripp Ministries Inc has recieved totaling $176,653.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $140,600 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $15,953 |
Overton Family Foundation Suffolk, VA PURPOSE: OUTREACH MINISTRIES | $15,000 |
The Chase And Ashley Anderson Family Foundation Florence, AL PURPOSE: BENEVOLENT DONATION | $2,500 |
D & K Ministries Inc Ruston, LA PURPOSE: SUPPORT ONGOING MINISTRY ACTIVITIES | $1,000 |
Christian Development Foundation Inc Solana Beach, CA PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |
Sat-7 North America Easton, MD | $8,795,990 | $14,809,049 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Lifeline Christian Mission Westerville, OH | $4,011,656 | $8,864,556 |
Independent Baptist Mission For Asians Inc Marietta, OH | $1,955,578 | $8,557,935 |
City Gospel Mission Cincinnati, OH | $28,334,582 | $12,813,405 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |