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Nonprofiteer
← TERRY LAW MINISTRIES INC

Form 990 for tax year 2023

Filed by TERRY LAW MINISTRIES INC.

Totals

Total revenue
$2,563,156
Total expenses
$2,185,486
Contributions and grants received
$2,531,063
Grants paid
$0
Program service revenue
$244
Investment income
$30,408
Other revenue
$1,441
Total assets, end of year
$2,335,416
Total liabilities, end of year
$315,519
Net assets or fund balances, end of year
$2,019,897
Program services expenses (Part IX)
$1,970,920
Management and general expenses
$111,430
Fundraising expenses
$103,136
Program service expenses (Part III)
$1,970,920

Program services were 90.2% 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

    $2,531,063

  • 1g · Noncash contributions included above

    $1,300

  • 2a · Program service revenue: PUBLICATION ROYALTIES

    total $244 · excluded $244

  • 3 · Investment income

    total $29,982 · related or exempt $18,426 · excluded $11,556

  • 7a · Gross sales of assets other than inventory

    securities $22,934

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

    securities $22,508

  • 7c · Gain or loss

    securities $426

  • 7d · Net gain or loss

    total $426 · related or exempt $426

  • 10a · Gross sales of inventory

    $1,418

  • 10c · Net income from sales of inventory

    total $1,418 · excluded $1,418

  • 11a · Other revenue: INVENTORY SHRINKAGE

    total $23 · excluded $23

  • 11e · Other revenue, total

    $23

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $296,210 · program services $266,589 · management and general $29,621

  • 7 · Other salaries and wages

    total $168,194 · program services $151,375 · management and general $16,819

  • 9 · Other employee benefits

    total $64,314 · program services $57,883 · management and general $6,431

  • 10 · Payroll taxes

    total $24,949 · program services $22,454 · management and general $2,495

  • 11c · Fees: accounting

    total $22,982 · management and general $22,982

  • 11g · Fees: other

    total $148,897 · program services $148,897

  • 12 · Advertising and promotion

    total $2,393 · management and general $239 · fundraising $2,154

  • 13 · Office expenses

    total $202,698 · program services $148,806 · management and general $10,490 · fundraising $43,402

  • 14 · Information technology

    total $12,804 · program services $11,527 · management and general $1,277

  • 16 · Occupancy

    total $38,344 · program services $34,510 · management and general $3,834

  • 17 · Travel

    total $122,019 · program services $122,019

  • 19 · Conferences, conventions and meetings

    total $23,372 · program services $17,529 · fundraising $5,843

  • 20 · Interest

    total $14,531 · program services $13,078 · management and general $1,453

  • 22 · Depreciation, depletion and amortization

    total $37,314 · program services $33,854 · management and general $3,460

  • 23 · Insurance

    total $11,522 · management and general $11,522

  • 24a · Other expenses: PROJECT EXPENSE

    total $801,647 · program services $801,647

  • 24b · Other expenses: DONATIONS TO MISSIONARIES

    total $93,500 · program services $93,500

  • 24c · Other expenses: PARTNER EVENTS

    total $51,737 · fundraising $51,737

  • 24d · Other expenses: DONATIONS TO MINISTRIES

    total $44,024 · program services $44,024

  • 24e · All other expenses

    total $4,035 · program services $3,228 · management and general $807

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $830,473 · end of year $1,108,620

  • 2 · Savings and temporary cash investments

    beginning of year $553,683 · end of year $632,057

  • 8 · Inventories for sale or use

    beginning of year $8,662 · end of year $8,683

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

    $1,417,877

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

    $907,090

  • 10c · Land, buildings and equipment, net

    beginning of year $534,622 · end of year $510,787

  • 11 · Investments: publicly traded securities

    beginning of year $66 · end of year $71

  • 14 · Intangible assets

    beginning of year $5,229 · end of year $2,512

  • 15 · Other assets

    beginning of year $61,129 · end of year $72,686

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,040 · end of year $53,265

  • 23 · Secured mortgages and notes payable

    beginning of year $335,076 · end of year $262,254

  • 27 · Net assets without donor restrictions

    beginning of year $1,228,492 · end of year $1,806,058

  • 28 · Net assets with donor restrictions

    beginning of year $407,256 · end of year $213,839

Mission and programs · 2023

Mission

TO TAKE THE MESSAGE OF JESUS CHRIST TO NATIONS THAT ARE HOSTILE TO THE GOSPEL, EMPOWERING LOCAL BODIES OF BELIEVERS TO SUPPORT THE SPIRITUAL AND PHYSICAL TRANSFORMATION OF LIVES.

Activities or mission (Part I)

TO TAKE THE MESSAGE OF JESUS CHRIST TO NATIONS THAT ARE HOSTILE TO THE GOSPEL, EMPOWERING LOCAL BODIES OF BELIEVERS TO SUPPORT THE SPIRTUAL AND PHYSICAL TRANSFORMATION OF LIVES.

  • IRAQ: IN 2023, WE CONTINUED THE SKILLS TRAINING PROGRAM FOR REFUGEE WOMEN. 323 WOMEN COMPLETED THIS PROGRAM THAT WILL HELP DEVELOP A NEW LIVELIHOOD FOR THEIR FAMILITS. WHILE ATTENDING THE SKILLS TRAINING PROGRAM, CHILDCARE IS PROVIDED AND THE GOSPEL IS SHARED,WHICH MANY OF THE WOMEN NOW ATTEND A CHURCH. IN ADDITION, 5,100 FAMILIES WERE SEEN AND PROVIDED BASIC MEDICAL CARE THROUGH THE MEDICAL TRUCK OUTREACH. AT EACH VISIT THERE IS AN OPPORTUNITY FOR PRAYER AND THE GOSPEL TO BE SHARED. WE ALSO DISTRIBUTED 500 RELIEF PACKS OF FOOD, SUPPLIES AND BIBLES DURING CHRISTMAS AS AN OUTREACH TO FAMILIES. IN 2024, WE HOPE TO EXPAND THE MEDICAL OUTREACH TO MORE VILLAGES AND PLAN TWO ADDITIONAL SKILLS TRAINING PROGRAMS. MYANMAR: DURING 2023, WE CONTINUED TO TRAIN AND DISCIPLE STUDENTS AND LEADERS THROUGH LOCAL CHURCHES AND PASTORS USING THE ABC CURRICULUM. THERE WAS A TOTAL OF 1,849 STUDENTS CURRENTLY STUDYING , 515 OF THOSE BEING NEW STUDENTS IN 2023, AND 87 STUDENTS GRADUATED THE PRORAM. THE MINISTRY TRAINING CENTER (MTC) FOR MISSION STUDENTS SERVED 26 STUDENTS FOR A NINE MONTH TRAINING SESSION, AND AN ADDITIONAL 28 STUDENTS ENROLLED FOR THE NEXT NINE MONTHS OF TRAINING. A TOTAL OF 28 STUDENTS GRADUATED FROM MTC IN 2023. A TOTAL OF 7 STUDENTS GRADUATED FROM MTC IN 2023. WE PROVIDED OVER 500 RELIEF PACKS OF FOOD SUPPLIES AND BIBLES TO FAMILIES THROUGH LOCAL CHURCHES AT CHRISTMAS, PROVIDING THE OPPORTUNITY TO PRAY AND SHARE THE GOSPEL. IN 2024, WE PLAN TO ADD 1,200 NEW ABC STUDENTS AND SUPPLY LOCAL CHURCHES WITH OUTREACH SUPPLIES TO REACH THOSE IN NEED IN THEIR COMMUNITY. CHINA: WE CONTINUED OUR TRAINING AND DISCIPLESHIP PROGRAMS IN CHINA THROUGHOUT 2023. THERE WERE 1,650 NEW STUDENTS ENROLLED AND A TOTAL OF 4,048 STUDENTS STUDYING IN THE ABC DISCIPLESHIP AND LEADERSHIP CURRICULUM. WE ENROLLED 397 NEW STUDENTS IN THE CHINA MISSION SCHOOL (CMS)PROGRAM IN 2023. THE ABC AND CMS PROGRAMS CONTINUE TO BE MAJOR OUTREACH OF WORLD COMPASSION IN SPREADING THE GOSPEL IN CHINA, ALONG WITH SIGNIFICANT TRAINING OF BELIEVERS THROUGHOUT THE NATION. IN 2024, WE HOPE TO ADD 2,000 ONLINE STUDENTS INTO THESE PROGRAMS. IRAN: OUR WORK OF PLACING BIBLES INTO IRAN CONTINUED SUCCESSFULLY IN 2023. WE SUCCESSFULLY DELIVERED OVER 51,000 BIBLES INTO THE IRAN IN 2023. WE PLAN TO CONTINUE MOVING BIBLES INTO THE COUNTRY, CREATING ONE ON ONE CONNECTION POINTS BETWEEN CHRISTIANS, NEW BELIEVERS AND EVEN MUSLIMS SEEKING THE TRUTH IN GOD'S WORD. TO FURTHER SUPPORT THE LEADERS AND PASTORS OF IRAN, WE HOSTED WEEKLY VIRTUAL TEACHING TO IRANIAN PASTORS AND LEADERS. WE PROVIDED DISCIPLESHIP KITS IN FARSI TO 500 IRANIAN CHRISTIAN LEADERS TO STUDY AND USE. IN 2024, WE HAVE A GOAL OF DISTRIBUTING 500 MORE DISCIPLESHIP KITS AND 68,000 BIBLES. CUBA: IN 2023, CONTINUED TO SUPPORT CHURCH PLANTING EFFORTS IN THE COUNTRY OF CUBLA BY SUPPORTING FOUR CHURCHES THAT STARTED TO BUILD, REMODEL AND EXPAND THEIR BUILDINGS. WE PLAN TO CONTINUE TO PARTNER WITH THE PASTGORS IN CUBA TO HELP THEIR CHURCH PLANTING EFFORTS AN CHURCH BUILDING PROJECTS IN 2024. UNITE MY CITY:WE ORGANIZED PASTOR CONNECT MEETINGS AND ACTIVITIES TO STRENGTHEN AND UNIFY THE CHURCH IN TULSA. OTHER MINISTRY ACTIVITIES: DURING 2023, JASON LAW SPOKE AT A FEW CHURCHES AND ALSO HOSTED SEVERAL PASTORS ON RETREATS TO STRENGTHEN AND DEVELOP CHURCH PARTNERSHIPS WITH WOLRD COMPASSION. JASON LAW TRAVELED TO THE UNITED KINGDOM TO HOST PARTNER DINNERS TO GIVE UPDATES AND CONNECT WITH DONORS. THE MINISTRY SENT MONTHLY COMMUNICATIONS TO THOUSANDS OF PARTNERS IN CONTINUING THE MISSION FULFILLMENT OF WORLD COMPASSION.

    Expenses $1,924,178 · Revenue $244

  • DONATIONS TO OTHER EXEMPT ORGANIZATIONS TO HELP FURTHER THEIR EXEMPT PURPOSE.

    Expenses $44,024

  • AMORTIZATION OF LOAN FEES AND UNPUBLISHED BOOKS.

    Expenses $2,718

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

Listed in Part VII

  • Jason Law

    PRESIDENT

    Total calculated
    $173,460
    From this org
    $113,060
    From related orgs
    $0
    Other
    $60,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,060
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $60,400
    Filer's total
    $173,460
  • Jeffery Geuder

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Chris Hart

    TRUSTEE

    Total calculated
    $36,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $30,000
    Hours/week
    5
  • Joel Vesanen

    TRUSTEE

    Total calculated
    $41,148
    From this org
    $0
    From related orgs
    $0
    Other
    $41,148
    Hours/week
    2
  • Matthew Swaggart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mark Borrows

    TRUSTEE

    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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202423199349302852

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