Xl Ministries Inc
- Assets
- $184.9k
- Revenue
- $579.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Roanoke, TX
- Founding
- 01/1993
- Data as of
- 09/2023
- EIN
- 84-1210119
Organization Overview
Xl Ministries Inc is located in Roanoke, TX. The organization was established in 1993. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Xl Ministries Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xl 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 09/2023, Xl Ministries Inc generated $579.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $616.8k during the year ending 09/2023. 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
PROVIDING EDUCATION AND BIBLICAL TRAINING TO INDIVIDUALS AND GROUPS IN ORDER TO DEVELOP CHRISTIAN PASTORS, MISSIONARIES, YOUTH LEADERS AND OTHER CHRISTIAN LEADERS, SO THEY CAN EFFECTIVELY DEVELOP THEIR LEADERSHIP SKILLS TO MINISTER GODS WORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE AND PROVIDE PUBLICATIONS AND RESOURCES TO ASSIST CHURCHES AND INDIVIDUALS FOR THE DEVELOPMENT OF LEADERSHIP SKILLS TO MINISTER GODS WORD. CREATED 4 NEW RESOURCES IN ENGLISH, INCLUDING A LEADERSHIP RESOURCE FOR WOMEN, 2 FOR ELDERS AND 1 BOOKLET ABOUT TRAINING MISSIONARIES. IN ADDITION, 4 RESOURCES WERE TRANSLATED INTO SPANISH DURING THE YEAR.HARD COPIES OF RESOURCES WERE PROVIDED TO NUMEROUS CHURCHES AND 745 INDIVIDUALS. A TOTAL OF 2748 HARD COPIES OF RESOURCES WERE PROVIDED, AS WELL AS NUMEROUS DOWNLOADS OF ELECTRONIC COPIES.
ASSIST CHURCHES IN TRAINING MISSIONARIES FOR INTERNATIONAL WORK. XL ALSO PROVIDES TRAINING RESOURCES AND INSTRUCTION FOR INTERNATIONAL CHURCHES.SPONSORED A BOOTH AT A TMAI CONFERENCE (AN INTERNATIONAL TRAINING ORGANIZATION FOR PASTORS) AND A RADIUS INTERNATIONAL CONFERENCE (A MISSIONS ORGANIZATION).TRANSLATED RESOURCES INTO SPANISH AND BEGAN WORKING WITH MINISTRIES IN SEVERAL COUNTRIES TO TRANSLATE RESOURCES INTO OTHER LANGUAGES.
PROVIDE RESOURCES TO AND SUPPORT FOR INTERNS TRAINING IN U.S. CHURCHES. 25 INTERNS IN VARIOUS CHURCHES WERE SUPPORTED THROUGH SCHOLARSHIPS, TRAINING, PROVISION OF RESOURCES AND ORDINATION EXAMS.
EQUIPPING CHURCHES TO PROVIDE BIBLICAL TRAINING FOR PASTORS AND OTHER LEADERS IN THE CONTEXT OF THE LOCAL CHURCH. OVER 100 CHURCHES WERE SUPPORTED THROUGH INTERN TRAINING, CONFERENCES AND INTERACTING WITH PASTORS AND CHURCH BOARDS ABOUT TRAINING IN THE CONTEXT OF THE CHURCH. 27 OF THOSE CHURCHES WERE APPROVED TO ACTIVELY TRAIN INTERNS DURING THE YEAR AND MANY OTHERS USED TRAINING MATERIALS FOR ELDERS, MISSIONARIES AND OTHER CHURCH LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Murphy Executive Director Board Mem | OfficerTrustee | 50 | $32,187 |
Rocky Wyatt President | OfficerTrustee | 50 | $45,500 |
Jonathan Anderson Secretary | Trustee | 3 | $0 |
Justin Turner Director | Trustee | 2 | $0 |
Eric Ellis Director | Trustee | 3 | $0 |
Bryan Chandler Treasurer | OfficerTrustee | 5 | $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 | $578,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,063 |
| Total Program Service Revenue | $0 |
| Investment income | $1,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3 |
| 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 | $579,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,067 |
| Grants and other assistance to domestic individuals. | $59,167 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,498 |
| Compensation of current officers, directors, key employees. | $25,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,753 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $104,713 |
| Payroll taxes | $8,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $6,150 |
| Office expenses | $15,242 |
| Information technology | $33,470 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,520 |
| Insurance | $0 |
| All other expenses | $695 |
| Total functional expenses | $616,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,743 |
| Savings and temporary cash investments | $37,935 |
| 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 | $6,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460 |
| Total assets | $184,904 |
| Accounts payable and accrued expenses | $10,019 |
| 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 | $10,019 |
| Net assets without donor restrictions | $170,447 |
| Net assets with donor restrictions | $4,438 |
| 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 | $184,904 |