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← THIRD MILLENNIUM MINISTRIES INC

Form 990 for tax year 2023

Filed by THIRD MILLENNIUM MINISTRIES INC.

Totals

Total revenue
$5,881,800
Total expenses
$6,958,431
Contributions and grants received
$5,552,924
Grants paid
$59,253
Program service revenue
$0
Investment income
$111,500
Other revenue
$217,376
Total assets, end of year
$8,999,707
Total liabilities, end of year
$641,020
Net assets or fund balances, end of year
$8,358,687
Program services expenses (Part IX)
$5,554,496
Management and general expenses
$855,156
Fundraising expenses
$548,779
Program service expenses (Part III)
$5,554,496

Program services were 79.8% 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.

  • 1c · Fundraising events

    $307,441

  • 1f · All other contributions, gifts and grants

    $5,245,483

  • 1g · Noncash contributions included above

    $45,437

  • 3 · Investment income

    total $205,935 · excluded $205,935

  • 7a · Gross sales of assets other than inventory

    other assets $18,009

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

    other assets $112,444

  • 7c · Gain or loss

    other assets -$94,435

  • 7d · Net gain or loss

    total -$94,435 · related or exempt $209 · unrelated business -$94,644

  • 8a · Fundraising events: gross income

    $3,000

  • 8a · Fundraising events: contributions included on line 1c

    $307,441

  • 8b · Fundraising events: direct expenses

    $3,000

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $217,376 · related or exempt $217,376

  • 11e · Other revenue, total

    $217,376

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $59,253 · program services $59,253

  • 6 · Compensation of disqualified persons

    total $117,452 · program services $95,342 · management and general $13,774 · fundraising $8,336

  • 7 · Other salaries and wages

    total $3,874,248 · program services $3,144,921 · management and general $454,348 · fundraising $274,979

  • 9 · Other employee benefits

    total $426,489 · program services $338,985 · management and general $68,846 · fundraising $18,658

  • 10 · Payroll taxes

    total $368,540 · program services $297,627 · management and general $47,205 · fundraising $23,708

  • 11g · Fees: other

    total $121,849 · program services $77,756 · management and general $32,685 · fundraising $11,408

  • 16 · Occupancy

    total $114,955 · program services $92,554 · management and general $11,516 · fundraising $10,885

  • 17 · Travel

    total $228,508 · program services $166,973 · management and general $3,754 · fundraising $57,781

  • 22 · Depreciation, depletion and amortization

    total $22,790 · program services $19,455 · management and general $1,515 · fundraising $1,820

  • 23 · Insurance

    total $41,945 · program services $33,127 · management and general $4,057 · fundraising $4,761

  • 24a · Other expenses: ADMINISTRATIVE OVERHEAD

    total $809,985 · program services $612,011 · management and general $130,656 · fundraising $67,318

  • 24b · Other expenses: CONTRACT LABOR

    total $745,152 · program services $595,808 · management and general $80,836 · fundraising $68,508

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $27,265 · program services $20,684 · management and general $5,964 · fundraising $617

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $649,085 · end of year $703,405

  • 2 · Savings and temporary cash investments

    beginning of year $2,248,878 · end of year $2,174,581

  • 4 · Accounts receivable

    beginning of year $41,920 · end of year $106,628

  • 8 · Inventories for sale or use

    beginning of year $17,077 · end of year $17,077

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,666 · end of year $52,693

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

    $1,039,508

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

    $945,820

  • 10c · Land, buildings and equipment, net

    beginning of year $95,247 · end of year $93,688

  • 11 · Investments: publicly traded securities

    beginning of year $5,780,360 · end of year $5,671,084

  • 15 · Other assets

    beginning of year $284,962 · end of year $180,551

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,473 · end of year $161,996

  • 25 · Other liabilities

    beginning of year $507,464 · end of year $479,024

  • 27 · Net assets without donor restrictions

    beginning of year $6,691,688 · end of year $6,906,821

  • 28 · Net assets with donor restrictions

    beginning of year $1,878,570 · end of year $1,451,866

Mission and programs · 2023

Mission

THIRD MILLENNIUM MINISTRIES' MISSION IS TO RAISE AWARENESS OF THE GLOBAL NEED FOR PASTORAL TRAINING, CREATE A MULTILINGUAL CURRICULUM TO ADDRESS THIS NEED, AND DISTRIBUTE AND IMPLEMENT THIS CURRICULUM THROUGH A VARIETY OF TECHNOLOGIES, MEDIA AND PARTNERSHIPS.

  • THIRD MILLENNIUM MINISTRIES INFORMS CHRISTIANS OF THE GLOBAL NEED FOR TRAINED CHRISTIAN LEADERS; MOTIVATES CHRISTIANS TO PRAY FOR AND FUND ATTEMPTS TO TRAIN CHRISTIAN LEADERS; WRITES, PRODUCES, TRANSLATES AND DISTRIBUTES CURRICULUM FOR TRAINING CHRISTIAN LEADERS; TRAINS CHRISTIAN LEADERS DIRECTLY AND THROUGH PARTNERSHIPS; AND CREATES AND MAINTAINS A GLOBAL NETWORK OF TRAINERS OF CHRISTIAN LEADERS.

    Expenses $5,554,496 · Grants $59,253

As filed on the 2023 return.

Listed in Part VII

  • William M Mounger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Edward Norton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janie P Pillow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Dr Richard L Pratt Jr

    BOARD MEMBER/VICE-CHAIR/PRES

    Total calculated
    $147,452
    From this org
    $147,452
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Peder Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Mark Hill

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lance Fair

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Stallard

    BOARD MEMBER/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bradley Downs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James David Pillow

    VP STRATEGIC PARTNERSHIPS

    Total calculated
    $112,543
    From this org
    $112,543
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
18 March 2025
IRS schema version
2023v6.0
Source object
202520999349300047

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