Novo Ministries Inc
- Assets
- $0.0
- Revenue
- $236.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Edmond, OK
- Founding
- 09/2005
- Data as of
- 12/2020
- EIN
- 87-0745940
Organization Overview
Novo Ministries Inc is located in Edmond, OK. The organization was established in 2005. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2020, Novo Ministries Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novo 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 12/2020, Novo Ministries Inc generated $236.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $522.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NOVO MINISTRIES EXISTS TO BREAK CYCLES OF DESTRUCTION, CREATE HOPE, AND INSTILL A SENSE OF PURPOSE THROUGH LIFE-CHANGING MENTORING RELATIONSHIPS WITH CHILDREN IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOVO BRINGS HOPE TO CHILDREN -- HOPE FOR A TODAY THATS BETTER THAN YESTERDAY, AND HOPE FOR A FUTURE THAT HOLDS PROMISE. WITH OVER 15 YEARS OF EXPERIENCE RUNNING GOSPEL-CENTRIC PROGRAMS, WE EQUIP CHURCHES, ORGANIZATIONS, AND INDIVIDUALS WITH OUR KNOWLEDGE AND EXPERTISE TO START NEW OUTREACH EFFORTS OR ENHANCE EXISTING EFFORTS -- THROUGH TRUE PARTNERSHIPS, NOT SIMPLY PROGRAMS. TO DATE, WE HAVE DISTRIBUTED OVER 20,000 CURRICULUM LESSONS AND IMPACT 4,000 CHILDREN EACH YEAR. AT NO COST, WE ARE PROVIDING WHATEVER IS NEEDED FOR FAITH-BASED OUTREACH EFFORTS TO MAXIMIZE GOSPEL IMPACT. THAT CAN BE EVERYTHING FROM STRATEGY AND TRAINING TO SUPPLIES AND RESOURCES, AND MORE. WE PROMOTE UNITY, COLLABORATION, AND A BELIEF THAT WE ARE BETTER TOGETHER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Sherrer Executive Director | Officer | 55 | $88,471 |
Lee Roland Board Chairman | Trustee | 1 | $0 |
Tom And Kay Hill Board Members | Trustee | 1 | $0 |
Stephen And Teri Prentice Board Members | Trustee | 1 | $0 |
Jerry Wells Board Member | Trustee | 1 | $0 |
Jonathan And Darcel Small Board Members | Trustee | 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 | $235,941 |
| Noncash contributions included in lines 1a–1f | $19,397 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,941 |
| Total Program Service Revenue | $0 |
| Investment income | $813 |
| 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 | $236,754 |
| 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. | $74,304 |
| Compensation of current officers, directors, key employees. | $7,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,891 |
| Payroll taxes | $25,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,500 |
| Advertising and promotion | $37,369 |
| Office expenses | $20,010 |
| Information technology | $14,049 |
| Royalties | $0 |
| Occupancy | $20,535 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609 |
| Insurance | $2,558 |
| All other expenses | $0 |
| Total functional expenses | $522,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Novo Ministries Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Be A Champion Inc Houston, TX | $5,613,914 | $22,726,007 |
Tejano Center For Community Concerns Inc Houston, TX | $42,145,856 | $27,013,865 |
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Cityscape Schools Inc Dallas, TX | $31,786,183 | $16,269,782 |
Bcfs Education Services San Antonio, TX | $2,820,092 | $13,804,336 |
Momentous Institute Dallas, TX | $14,833,442 | $11,793,188 |
Young Americans For Liberty Inc Austin, TX | $6,971,187 | $15,618,179 |
Stand For The Silent Inc Perkins, OK | $889,186 | $11,940,386 |
Camp War Eagle Inc Rogers, AR | $15,866,509 | $9,318,920 |
Kids Are First Carrizo Springs, TX | $3,476,023 | $8,458,663 |
Boys & Girls Club Of Central Texas Inc Killeen, TX | $2,385,650 | $6,347,689 |
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |