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Nonprofiteer
← DAMON THOMPSON MINISTRIES

Form 990 for tax year 2023

Filed by DAMON THOMPSON MINISTRIES.

Totals

Total revenue
$1,941,975
Total expenses
$1,343,113
Contributions and grants received
$1,834,337
Grants paid
$223,904
Program service revenue
$0
Investment income
$107,638
Other revenue
$0
Total assets, end of year
$4,965,358
Total liabilities, end of year
$40,212
Net assets or fund balances, end of year
$4,925,146
Program services expenses (Part IX)
$1,100,247
Management and general expenses
$242,866
Fundraising expenses
$0
Program service expenses (Part III)
$1,100,247

Program services were 81.9% 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

    $1,834,337

  • 1g · Noncash contributions included above

    $28,621

  • 3 · Investment income

    total $83,633 · excluded $83,633

  • 7a · Gross sales of assets other than inventory

    securities $378,261 · other assets $64,742

  • 7b · Less cost or other basis and sales expenses

    securities $367,078 · other assets $51,920

  • 7c · Gain or loss

    securities $11,183 · other assets $12,822

  • 7d · Net gain or loss

    total $24,005 · related or exempt $23,995 · excluded $10

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $202,800 · program services $202,800

  • 2 · Grants to domestic individuals

    total $21,104 · program services $21,104

  • 5 · Compensation of officers, directors and key employees

    total $327,928 · program services $266,448 · management and general $61,480

  • 6 · Compensation of disqualified persons

    total $75,590 · program services $45,354 · management and general $30,236

  • 7 · Other salaries and wages

    total $198,196 · program services $148,647 · management and general $49,549

  • 9 · Other employee benefits

    total $46,726 · program services $30,839 · management and general $15,887

  • 10 · Payroll taxes

    total $15,467 · program services $9,899 · management and general $5,568

  • 11c · Fees: accounting

    total $15,367 · management and general $15,367

  • 12 · Advertising and promotion

    total $3,148 · program services $3,148

  • 13 · Office expenses

    total $4,619 · program services $2,309 · management and general $2,310

  • 14 · Information technology

    total $6,311 · program services $6,311

  • 16 · Occupancy

    total $55,527 · program services $13,882 · management and general $41,645

  • 17 · Travel

    total $115,945 · program services $110,148 · management and general $5,797

  • 22 · Depreciation, depletion and amortization

    total $48,759 · program services $48,759

  • 23 · Insurance

    total $24,982 · program services $24,982

  • 24a · Other expenses: DIRECT MINISTRY EXPENSE

    total $72,605 · program services $72,605

  • 24b · Other expenses: BANK & MERCHANT CHARGES

    total $60,807 · program services $57,767 · management and general $3,040

  • 24c · Other expenses: VEHICLE EXPENSE

    total $19,236 · program services $9,618 · management and general $9,618

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $18,519 · program services $18,519

  • 24e · All other expenses

    total $9,477 · program services $7,108 · management and general $2,369

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,629,432 · end of year $2,255,376

  • 10a · Land, buildings and equipment: cost or other basis

    $2,308,900

  • 10b · Land, buildings and equipment: accumulated depreciation

    $98,997

  • 10c · Land, buildings and equipment, net

    beginning of year $1,281,260 · end of year $2,209,903

  • 11 · Investments: publicly traded securities

    beginning of year $400,650 · end of year $500,079

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,364 · end of year $40,212

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,271,978 · end of year $4,925,146

Mission and programs · 2023

Mission

ADVANCING THE KINGDOM OF GOD AND SPREADING THE GOSPEL THROUGH PREACHING, TEACHING, AND EVANELIZING.

Activities or mission (Part I)

ADVANCING THE KINGDOM OF GOD AND SPREADING THE GOSPEL THROUGH PREACHING, TEACHING, AND EVANGELIZING.

  • PREACHING AT MINISTRY EVENTS HELD IN GEORGIA AND VARIOUS OTHER STATES.

    Expenses $1,161,727 · Grants $223,904

  • Expenses -$61,480

As filed on the 2023 return.

Listed in Part VII

  • Damon Thompson

    PRESIDENT

    Total calculated
    $184,306
    From this org
    $124,306
    From related orgs
    $0
    Other
    $60,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,000
    Bonus
    $19,306
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $60,000
    Filer's total
    $184,306

  • Kristin Picklesimer

    SECRETARY

    Total calculated
    $107,622
    From this org
    $74,622
    From related orgs
    $0
    Other
    $33,000
    Hours/week
    40

  • Henry Thompson

    DIRECTOR

    Total calculated
    $36,000
    From this org
    $36,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • William Lyndon Amick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

None.

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

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

  • HOPE CHAPEL OF CAROLINA

    $48,000

  • SOUTH GATE MINSITRIES

    $42,000

    GENERAL OPERATIONS

  • FRESH OIL MINISTRIES

    $22,000

  • MISSION FOR TRIBES & NATIONS

    $18,000

    GENERAL OPERATIONS

  • THE SHEPHERDS TENT

    $12,000

  • JEFF GORE MINISTRIES

    $11,600

    GENERAL OPERATIONS

  • CITY ON A HILL

    $10,000

  • THE RESTING PLACE

    $10,000

  • TRIBE CHRUCH

    $10,000

    GENERAL OPERATIONS

  • LEGACY ACADEMY

    $8,000

    GENERAL OBLIGATIONS

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.0
Source object
202433069349303003

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