431 Ministries, Inc
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$315,504.00
Projected Expenses
$339,677.00
Organizational Budgets and Other Documents
| 2024 Projected Budget | 2024 |
| 2022 Projected Budget | 2022 |
| 2020 & 2021 Budget | 2021 |
IRS Letter of Exemption
| IRS Letter of Determination | 2018 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $433,357.00 | $146,924.00 | $125,914.00 |
| Total Expenses | $277,744.00 | $143,024.00 | $57,071.00 |
| Revenue Less Expenses | $155,613.00 | $3,900.00 | $68,843.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $17,399.00 | $146,922.00 | $125,912.00 |
| Indirect Public Support | $385,225.00 | $0.00 | $0.00 |
| Earned Revenue | $7,045.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $2.00 | $2.00 | $2.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $23,685.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $116,504.00 | $143,024.00 | $57,071.00 |
| Administration Expense | $142,963.00 | $0.00 | $0.00 |
| Fundraising Expense | $18,277.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 156% | 103% | 221% |
| Program Expense/Total Expenses | 42% | 100% | 100% |
| Fundraising Expense/Contributed Revenue | 7% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Federated Campaigns $385,225.00 | Contributions, Gifts, Grants $146,922.00 | Contributions, Gifts and Grants $125,912.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $23,685.00 | $0.00 | Investment Income $2.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $17,399.00 | $0.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $253,709.00 | $64,848.00 | $93,409.00 |
| Current Assets | $190,546.00 | $97,309.00 | $93,409.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $253,709.00 | $97,309.00 | $93,409.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Anticipated In 3 Years
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| Form 990 | 2022 |
| Form 990 | 2021 |
| Form 990 | 2020 |
| Form 990 | 2019 |
| Form 990 | 2018 |
Audit Documents
No audit documents are available at this time
Foundation Staff Comments
| Financial figures taken from the Form 990. Form 990 was prepared by Daniels, Irwin & Aylor. Comments provided by Hayley Sulfridge 12/8/23. |
