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Nonprofiteer
← RANSOM SOLUTIONS INC

Form 990 for tax year 2022

Filed by RANSOM SOLUTIONS INC.

Totals

Total revenue
$876,159
Total expenses
$888,281
Contributions and grants received
$277,452
Grants paid
$0
Program service revenue
$598,707
Investment income
$0
Other revenue
$0
Total assets, end of year
$536,549
Total liabilities, end of year
$518,691
Net assets or fund balances, end of year
$17,858
Program services expenses (Part IX)
$802,867
Management and general expenses
$85,414
Fundraising expenses
$0
Program service expenses (Part III)
$802,867

Program services were 90.4% 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.

  • 1e · Government grants (contributions)

    $66,650

  • 1f · All other contributions, gifts and grants

    $210,802

  • 2a · Program service revenue: PROGRAM SERVICES

    total $598,707 · related or exempt $598,707

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $49,533 · program services $32,196 · management and general $17,337

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $383,120 · program services $383,120

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $15,038 · management and general $15,038

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $36,925 · management and general $36,925

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $32,403 · program services $30,042 · management and general $2,361

  • 17 · Travel

    total $10,419 · program services $7,235 · management and general $3,184

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,053 · management and general $3,053

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $14,478 · program services $14,478

  • 23 · Insurance

    total $12,434 · program services $12,434

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,747 · program services $3,747

  • 24b · Other expenses: LICENSES AND PERMITS

    total $1,885 · program services $1,885

  • 24c · Other expenses: BANK CHARGES

    total $7,516 · management and general $7,516

  • 24d · Other expenses: PROGRAM SERVICE EXPENSE

    total $317,730 · program services $317,730

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,468 · end of year $129,028

  • 3 · Pledges and grants receivable

    end of year $18,993

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

    $434,835

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

    $46,307

  • 10c · Land, buildings and equipment, net

    beginning of year $175,460 · end of year $388,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,021 · end of year $17,733

  • 23 · Secured mortgages and notes payable

    beginning of year $260,927 · end of year $500,958

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,980 · end of year $17,858

Mission and programs · 2022

Mission

TO EMPOWER THOSE WE SERVE TO UTILIZE THEIR GOD-GIVEN GIFTS AND TALENTS IN THEIR CAREER AND COMMUNITY. RANSOM MINISTRIES ENVISIONS A WORLD WHERE PEOPLE ARE FREED FROM THE CYCLES OF SPIRITUAL, RELATIONAL, AND MATERIAL POVERTY.

Activities or mission (Part I)

TO EMPOWER PEOPLE TO UTILIZE THEIR GOD-GIVEN GIFTS AND TALENTS IN THEIR CAREER AND COMMUNITY THROUGH RANSOM REPROGRAM AND RANSOM RECYCLING.

  • OVER THE PAST SEVERAL YEARS RANSOM MINISTRIES HAS TRANSITIONED AWAY FROM CAFES FEEDING THE HUNGRY. THOSE CAFE MINISTRIES HAVE BEEN TURNED OVER TO THE CHURCHES WHERE THEY WERE LOCATED. NOW RANSOM MINISTRIES HAS BEGUN A JOB TRAINING PROGRAM CALLED REPROGRAM. THIS IS A JOB READINESS AND LIFE SKILL TRAINING PROGRAM THAT SEEKS TO HELP STUDENTS MOVE OUT OF DEPENDENCE AND INTO FULFILLING CAREERS. THEY ALSO HAVE A PROGRAM CALLED RANSOM RECYCLING. THIS IS A SOCIAL ENTERPRISE THAT PROVIDES REPROGRAM PARTICIPANTS WITH ENTRY LEVEL EMPLOYMENT AND MENTORSHIP IN THEIR JOURNEY TO BECOME QUALITY EMPLOYEES. IN 2022, 150 PEOPLE MATRICULATED THROUGH THESE PROGRAMS.

    Expenses $802,867 · Revenue $598,707

As filed on the 2022 return.

Listed in Part VII

  • Matt Armbruster

    EXEC DIRECTOR

    Total calculated
    $49,533
    From this org
    $49,533
    From related orgs
    $0
    Other
    $0
    Hours/week
    60
  • John Pack

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • John McCrory

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Blake Martin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Lisa Beaverstock

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Clifford Waite

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Johannah Bullard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lauren Heisler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Norwood Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kathy Hamilton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Turnipseed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matthew McKinley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ham Barnett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Roy Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202321359349317147

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