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Nonprofiteer
← BILLY GRAY MINISTRIES INC

Form 990 for tax year 2024

Filed by BILLY GRAY MINISTRIES INC.

Totals

Total revenue
$186,761
Total expenses
$94,776
Contributions and grants received
$185,647
Grants paid
$12,138
Program service revenue
$0
Investment income
$1,114
Other revenue
$0
Total assets, end of year
$279,875
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$279,875
Program services expenses (Part IX)
$42,548
Management and general expenses
$52,228
Fundraising expenses
$0
Program service expenses (Part III)
$42,548

Program services were 44.9% 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

    $185,647

  • 3 · Investment income

    total $1,114 · unrelated business $0 · excluded $1,114

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,138 · program services $12,138

  • 5 · Compensation of officers, directors and key employees

    total $25,000 · program services $25,000 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $3,003 · program services $0 · management and general $3,003 · fundraising $0

  • 11f · Fees: investment management

    total $10,330 · program services $0 · management and general $10,330 · fundraising $0

  • 13 · Office expenses

    total $7,607 · program services $0 · management and general $7,607 · fundraising $0

  • 17 · Travel

    total $2,292 · program services $2,292 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $15,999 · program services $0 · management and general $15,999 · fundraising $0

  • 24a · Other expenses: Repairs

    total $8,771 · program services $0 · management and general $8,771 · fundraising $0

  • 24b · Other expenses: Meals

    total $3,118 · program services $3,118 · management and general $0 · fundraising $0

  • 24c · Other expenses: Utilities

    total $3,149 · program services $0 · management and general $3,149 · fundraising $0

  • 24d · Other expenses: Auto Expense

    total $934 · program services $0 · management and general $934 · fundraising $0

  • 24e · All other expenses

    total $2,435 · program services $0 · management and general $2,435 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,281 · end of year $164,300

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

    $27,926

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

    $27,926

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $27,609 · end of year $115,575

  • 31 · Retained earnings, endowment or other funds

    beginning of year $187,890 · end of year $279,875

Mission and programs · 2024

Mission

Religious Ministry Work in the U.S. and Foreign Countries

  • Mission Work in the US and Foreign Countries

    Expenses $42,548 · Grants $12,138 · Revenue $186,761

As filed on the 2024 return.

Listed in Part VII

  • Billy

    Gray

    Total calculated
    $25,000
    From this org
    $25,000
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
28 July 2025
IRS schema version
2024v5.2
Source object
202512129349301531

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