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← MISSIONS RESOURCE NETWORK

Form 990 for tax year 2023

Filed by MISSIONS RESOURCE NETWORK.

Totals

Total revenue
$1,984,613
Total expenses
$2,199,451
Contributions and grants received
$1,905,766
Grants paid
$167,298
Program service revenue
$54,820
Investment income
$24,027
Other revenue
$0
Total assets, end of year
$4,245,889
Total liabilities, end of year
$447,597
Net assets or fund balances, end of year
$3,798,292
Program services expenses (Part IX)
$1,776,631
Management and general expenses
$271,083
Fundraising expenses
$151,737
Program service expenses (Part III)
$1,776,631

Program services were 80.8% 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

    $86,005

  • 1f · All other contributions, gifts and grants

    $1,819,761

  • 2a · Program service revenue: TRAINING INCOME

    total $36,325 · related or exempt $36,325

  • 2b · Program service revenue: OTHER PROGRAMS

    total $15,595 · related or exempt $15,595

  • 2c · Program service revenue: CONSULTING INCOME

    total $2,900 · related or exempt $2,900

  • 3 · Investment income

    total $91,773 · related or exempt $91,773

  • 7a · Gross sales of assets other than inventory

    securities $1,965,295

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

    securities $2,033,041

  • 7c · Gain or loss

    securities -$67,746

  • 7d · Net gain or loss

    total -$67,746 · related or exempt -$67,746

  • 8a · Fundraising events: gross income

    $35,132

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

    $86,005

  • 8b · Fundraising events: direct expenses

    $35,132

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,426 · program services $108,426

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 3 · Grants to foreign organizations and individuals

    total $52,872 · program services $52,872

  • 5 · Compensation of officers, directors and key employees

    total $192,732 · program services $119,522 · management and general $48,986 · fundraising $24,224

  • 7 · Other salaries and wages

    total $1,008,312 · program services $613,900 · management and general $244,054 · fundraising $150,358

  • 8 · Pension plan contributions

    total $70,417 · program services $45,383 · management and general $14,741 · fundraising $10,293

  • 9 · Other employee benefits

    total $86,985 · program services $50,430 · management and general $23,828 · fundraising $12,727

  • 10 · Payroll taxes

    total $17,995 · program services $2,291 · management and general $2,783 · fundraising $12,921

  • 11c · Fees: accounting

    total $17,603 · management and general $17,603

  • 11f · Fees: investment management

    total $13,813 · management and general $13,813

  • 11g · Fees: other

    total $53,293 · program services $23,192 · management and general $30,101

  • 12 · Advertising and promotion

    total $32,223 · program services $431 · management and general $9,396 · fundraising $22,396

  • 13 · Office expenses

    total $52,501 · program services $3,195 · management and general $46,579 · fundraising $2,727

  • 14 · Information technology

    total $10,835 · management and general $9,967 · fundraising $868

  • 16 · Occupancy

    total $53,096 · program services $324 · management and general $52,772

  • 17 · Travel

    total $159,606 · program services $138,332 · management and general $1,808 · fundraising $19,466

  • 19 · Conferences, conventions and meetings

    total $89,166 · program services $41,423 · management and general $34,237 · fundraising $13,506

  • 22 · Depreciation, depletion and amortization

    total $6,934 · management and general $6,934

  • 23 · Insurance

    total $7,243 · program services $468 · management and general $6,775

  • 24a · Other expenses: OVERSEAS OPER. EXPENSES

    total $84,914 · program services $84,914

  • 24b · Other expenses: ANNUAL MEDRIM RETREAT

    total $45,767 · program services $45,388 · management and general $379

  • 24c · Other expenses: FEES

    total $19,836 · program services $2,473 · management and general $16,893 · fundraising $470

  • 24d · Other expenses: LOSS ON ASSET DISPOSAL

    total $4,627 · management and general $4,627

  • 24e · All other expenses

    total $4,255 · program services $437,667 · management and general -$315,193 · fundraising -$118,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,055,534 · end of year $706,991

  • 2 · Savings and temporary cash investments

    beginning of year $420,903 · end of year $702,395

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,180 · end of year $9,142

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

    $88,850

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

    $16,158

  • 10c · Land, buildings and equipment, net

    beginning of year $18,948 · end of year $72,692

  • 11 · Investments: publicly traded securities

    beginning of year $2,174,373 · end of year $2,343,569

  • 15 · Other assets

    beginning of year $441,033 · end of year $411,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,114 · end of year $36,497

  • 25 · Other liabilities

    beginning of year $441,033 · end of year $411,100

  • 27 · Net assets without donor restrictions

    beginning of year $1,531,451 · end of year $1,454,723

  • 28 · Net assets with donor restrictions

    beginning of year $2,174,373 · end of year $2,343,569

Mission and programs · 2023

Mission

TO CONNECT AND EQUIP EXISTING MINISTRIES AND CHURCHES TO EXPAND THEIR IMPACT THROUGH TRAINING, NETWORKING, COACHING, AND CARE. THIS PREPARES AND CARES FOR WORKERS WHO SERVE PEOPLE OF MUSLIM, HINDU AND BUDDHIST BACKGROUND

  • INITIATE: MISSIONS RESOURCE NETWORK (MRN) PREPARES AND CARES FOR WORKERS WHO SERVE MUSLIM, HINDU AND BUDDHIST BACKGROUND PEOPLE GROUPS. DURING 2023, INITIATIVES WERE HELD IN BENGAL, THE MEDITERRANEAN RIM, AND THE ATLANTIC BRIDGE AREA (SOUTH AFRICA AND RWANDA). MRN'S EMERGING LEADERSHIP INITIATIVE (ELI) IS HELD IN FOUR SITES INCLUDING BOTSWANA, SOUTH AFRICA, THE PHILLIPINES, AND RWANDA, AIMING TO CO-CREATE LEADERSHIP DEVELOPMENT PROCESSES WITH INTERNATIONAL LOCATIONS TO MULTIPLY LEADERS TO AT LEAST THE 4TH GENERATION. IN 2023, 48 LEADERS IN 22 COUNTRIES WERE COACHED OR MENTORED DURING 275 SESSIONS. A TOTAL OF 105 INDIVIDUALS ATTENDED LEADERSHIP TRAINING EVENTS THIS YEAR, LEARNING TO COACH, EQUIP OR TRAIN THROUGH THE NETWORK OF EMERGING LEADERS. SEE ALSO SCH. O

    Expenses $996,482 · Grants $164,798 · Revenue $39,766

  • EMPOWER: MRN CONNECTS AND EQUIPS EXISTING MINISTRIES AND CHURCHES WHERE THE CHURCH IS ESTABLISHED TO EXPAND THEIR IMPACT BY PROVIDING RE-VISIONING, TRAINING, NETWORKING, COACHING, AND CARE. CHURCH EQUIPPING (CE) - CE PROVIDES EQUIPPING AND COACHING TO PARTNERING CHURCHES AND THOSE SEEKING TO GROW IN THEIR MISSION MINISTRY. IN 2023, THEY PROVIDED ASSISTANCE TO 31 CHURCHES, AND ARE ASKING GOD FOR AN ADDITIONAL 20 CHURCHES TO EQUIP. A NEW DIRECTOR FOR CHURCH RELATIONS WAS HIRED IN 2023. THE LISTENING GROUP PROCESS THAT WAS BEGUN IS ON HOLD ALLOWING THE NEW DIRECTOR TIME TO CONNECT WITH CHURCH LEADERS AND EVALUATE THE EFFECTIVENESS AND NEEDED CHANGES IN THIS AREA. SEE ALSO SCH. O

    Expenses $435,028 · Grants $2,500 · Revenue $8,436

  • MISSIONARY CARE: MRN STRIVES TO KEEP CROSS-CULTURAL WORKERS EFFECTIVE AND WHOLE THROUGH PROVIDING APPROPRIATE CARE AND EQUIPPING CHURCHES TO CARE FOR THE CROSS-CULTURAL WORKERS THEY SUPPORT. DURING 2023, THEY PROVIDED NUMEROUS HOURS OF DIRECT CARE TO OVER 145 FAMILIES, RESPONDING TO A GENERAL REQUEST FROM WORKERS FOR MORE FACE-TO-FACE INTERACTION AND INCREASED TIME SPENT WITH THEIR NEEDS ON-SITE. WHILE MAINTAINING A RIGOROUS SCHEDULE OF ONLINE CARE APPOINTMENTS, EACH OFTEN WITH MULTIPLE INDIVIDUALS IN THE FAMILY, THEY STRIVED TO BE MORE PHYSICALLY PRESENT WITH WORKERS IN THEIR SPACES. TO BE MORE EFFECTIVE IN THEIR EFFORTS AND MORE APPROPRIATE FOR NON-WESTERN CANDIDATES, THEY EVALUATED AND REIMAGINED THEIR ASSESSMENT PROCESS, PROVIDING TRAINING FOR 10 WORKER CANDIDATES IN 2023.

    Expenses $345,121 · Revenue $6,619

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terry Dan Bouchelle

    EXEC. DIRECT

    Total calculated
    $194,112
    From this org
    $86,593
    From related orgs
    $0
    Other
    $107,519
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $70,213
    Bonus
    $15,000
    Other
    $1,380
    Deferred
    $10,752
    Nontaxable benefits
    $96,767
    Filer's total
    $194,112

  • Rhonda Houk

    CHAIR 08/23-

    Total calculated
    $0
    Hours/week
    0.5

  • Brad Crisp

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Ron Holland

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jovan Barrington

    TRUSTEE 01/2

    Total calculated
    $0
    Hours/week
    0.5

  • Justin Chamblee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Winston Chong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Darla Desteiguer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Natalie Fortenberry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Carol Manley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tyson Moore

    TRUSTEE 01/2

    Total calculated
    $0
    Hours/week
    0.5

  • Bryan Moss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Barry Packer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tebogo Ramatsui

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lori Reed

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Tucker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Eric West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Van Kimbro

    CHAIR->08/23

    Total calculated
    $0
    Hours/week
    0.5

  • Estelle Allen

    TRUSTEE ->10

    Total calculated
    $0
    Hours/week
    0.5

  • Rhonda Houk

    TRUSTEE ->08

    Total calculated
    $0
    Hours/week
    0.5

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.0
Source object
202443189349306819

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