Ten 24 Inc
- Assets
- $296.5k
- Revenue
- $342.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Worth, TX
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-1420054
Organization Overview
Ten 24 Inc is located in Fort Worth, TX. The organization was established in 2019. 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 12/2023, Ten 24 Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ten 24 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 12/2023, Ten 24 Inc generated $342.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $306.7k during the year ending 12/2023. While expenses have increased by 17.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE DISCIPLESHIP, MISSIONS TRAINING, MISSIONS TRIPS AS WELL AS CHARITABLE GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCIPLESHIP - MEETINGS THAT ENCOURAGE PEOPLE TO GROW IN THEIR UNDERSTANDING OF GOD AND HIS WORD AND EQUIP THEM TO PURSUE HIS PURPOSES WITH THEIR LIVES. 125 PEOPLE BENEFITTED.
EVENTS/RETREATS - EVENTS TO ENCOURAGE COMMUNITY, SPIRITUAL GROWTH, AND LEADERSHIP. 244 PEOPLE BENEFITTED.
MISSION TRIPS - SHORT-TERM MISSION TRIPS THAT SERVE LOCAL PARTNERS AND MISSIONARIES AND EQUIP TRIP PARTICIPANTS TO LIVE MISSIONALLY WHEN RETURNING HOME. 1,850 PEOPLE BENEFITTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Buell President | OfficerTrustee | 50 | $68,255 |
Ronald Carroll Secretary | OfficerTrustee | 1 | $0 |
Jay Shellum Treasurer | OfficerTrustee | 1 | $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 | $342,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,607 |
| 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 | $342,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,003 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,255 |
| Compensation of current officers, directors, key employees. | $5,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,193 |
| Payroll taxes | $3,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,400 |
| Fees for services: Accounting | $3,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,707 |
| Office expenses | $6,800 |
| Information technology | $2,197 |
| Royalties | $0 |
| Occupancy | $540 |
| Travel | $1,715 |
| 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 | $0 |
| Insurance | $4,377 |
| All other expenses | $44 |
| Total functional expenses | $306,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,305 |
| 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 | $7,536 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,685 |
| Total assets | $296,526 |
| Accounts payable and accrued expenses | $249 |
| 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 | $249 |
| Net assets without donor restrictions | $296,277 |
| 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 | $296,526 |
Grants Awarded
Over the last fiscal year, Ten 24 Inc has awarded $28,003 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL MISSIONARY CLEARINGHOUSE PURPOSE: Funds for pastoral training courses. | $18,003 |
GREATER EUROPE MISSIONS PURPOSE: Startup funds for ministry in Greece. | $10,000 |