Totals
- Total revenue
- $11,051,824
- Total expenses
- $10,715,081
- Contributions and grants received
- $11,024,960
- Grants paid
- $9,439,777
- Program service revenue
- $0
- Investment income
- $14,331
- Other revenue
- $12,533
- Total assets, end of year
- $2,611,540
- Total liabilities, end of year
- $329,645
- Net assets or fund balances, end of year
- $2,281,895
- Program services expenses (Part IX)
- $10,577,226
- Management and general expenses
- $137,855
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,577,226
Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$11,024,960
-
3 · Investment income
total $14,331 · related or exempt $14,331
-
6a · Gross rents
real property $12,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $12,000
-
6d · Net rental income or loss
total $12,000 · related or exempt $12,000
-
11a · Other revenue: MISCEALLENOUS
total $533 · related or exempt $533
-
11e · Other revenue, total
$533
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,006,698 · program services $9,006,698
-
3 · Grants to foreign organizations and individuals
total $433,079 · program services $433,079
-
5 · Compensation of officers, directors and key employees
total $546,461 · program services $546,461
-
7 · Other salaries and wages
total $224,244 · program services $224,244
-
9 · Other employee benefits
total $64,181 · program services $64,181
-
10 · Payroll taxes
total $24,499 · program services $24,499
-
11c · Fees: accounting
total $10,518 · management and general $10,518
-
13 · Office expenses
total $16,012 · management and general $16,012
-
14 · Information technology
total $108,184 · program services $108,184
-
16 · Occupancy
total $17,529 · program services $17,529
-
17 · Travel
total $17,682 · program services $17,682
-
20 · Interest
total $20,050 · program services $20,050
-
22 · Depreciation, depletion and amortization
total $20,488 · program services $20,488
-
23 · Insurance
total $3,732 · program services $3,732
-
24a · Other expenses: MERCHANT FEES
total $101,183 · management and general $101,183
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $30,382 · program services $30,382
-
24c · Other expenses: TELEPHONE
total $21,582 · program services $21,582
-
24d · Other expenses: ASSOCIATION DUES
total $12,811 · program services $12,811
-
24e · All other expenses
total $35,766 · program services $25,624 · management and general $10,142
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,997,396 · end of year $2,265,013
-
8 · Inventories for sale or use
beginning of year $1,815 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,096,743
-
10b · Land, buildings and equipment: accumulated depreciation
$750,216
-
10c · Land, buildings and equipment, net
beginning of year $300,636 · end of year $346,527
-
15 · Other assets
beginning of year $1,600
-
17 · Accounts payable and accrued expenses
beginning of year $2,236 · end of year $3,162
-
23 · Secured mortgages and notes payable
beginning of year $350,545 · end of year $326,483
-
27 · Net assets without donor restrictions
beginning of year $1,948,666 · end of year $2,281,895
Mission and programs · 2022
Mission
WORLD OUTREACH MINISTRIES, INC. EXISTS TO ASSIST CHRISTIAN LEADERS AND TO REACH THE NATIONS WITH A POSITIVE MESSAGE OF FAITH, GRACE, AND VICTORY THROUGH JESUS CHRIST. THIS IS ACCOMPLISHED THROUGH SUPPORT OF MISSIONARIES, MISSIONARY PROJECTS, AND THE DISTRIBUTION OF BIBLE STUDY RESOURCES THROUGH EVERY POSSIBLE MEANS.
-
WORLD OUTREACH MINISTRIES, INC. EXISTS TO ASSIST CHRISTIAN LEADERS AND TO REACH THE NATIONS WITH A POSITIVE MESSAGE OF FAITH, GRACE, AND VICTORY THROUGH JESUS CHRIST. THIS IS ACCOMPLISHED THROUGH SUPPORT OF MISSIONARIES, MISSIONARY PROJECTS, AND THE DISTRIBUTION OF BIBLE STUDY RESOURCES THROUGH EVERY POSSIBLE MEANS.
Expenses $10,577,226 · Grants $9,439,777
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jason PeeblesJASON PEEBLES
PRESIDENT
- Total calculated
- $354,380
- From this org
- $312,500
- From related orgs
- $0
- Other
- $41,880
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $312,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $312,500
-
Richard NielsonRICHARD NIELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brett ChaffinBRETT CHAFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joanna PeeblesJOANNA PEEBLES
VICE PRESIDENT
- Total calculated
- $192,081
- From this org
- $150,400
- From related orgs
- $0
- Other
- $41,681
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $150,400
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $150,400
-
Toyo Omotoyosi SchroeterTOYO OMOTOYOSI SCHROETER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Victoria BrownVICTORIA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan FlowersJONATHAN FLOWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cheno Rameses EchevarriaCHENO RAMESES ECHEVARRIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- MR. JASON PEEBLES, THE PRESIDENT, HAS A HOUSING ALLOWANCE FROM WORLD OUTREACH MINISTRIES, INC.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410299349300036
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