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Nonprofiteer
← WORLD GOSPEL MISSION

Form 990 for tax year 2025

Filed by WORLD GOSPEL MISSION.

Totals

Total revenue
$995,886
Total expenses
$954,950
Contributions and grants received
$0
Grants paid
$952,000
Program service revenue
$962,556
Investment income
$33,330
Other revenue
$0
Total assets, end of year
$611,391
Total liabilities, end of year
$109,328
Net assets or fund balances, end of year
$502,063
Program services expenses (Part IX)
$952,000
Management and general expenses
$2,950
Fundraising expenses
$0
Program service expenses (Part III)
$952,000

Program services were 99.7% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $962,556 · related or exempt $962,556

  • 3 · Investment income

    total $20,018 · excluded $20,018

  • 7a · Gross sales of assets other than inventory

    securities $207,038

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

    securities $193,726

  • 7c · Gain or loss

    securities $13,312

  • 7d · Net gain or loss

    total $13,312 · excluded $13,312

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $952,000 · program services $952,000

  • 11c · Fees: accounting

    total $2,950 · management and general $2,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,979 · end of year $18,435

  • 11 · Investments: publicly traded securities

    beginning of year $508,161 · end of year $592,956

  • 25 · Other liabilities

    beginning of year $109,328 · end of year $109,328

  • 27 · Net assets without donor restrictions

    beginning of year $409,812 · end of year $502,063

Listed in Part VII

  • BOBBY PEED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • CHERYL WEIMER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • DR BRUCE MOYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • DR DANIEL SCHAFER

    BOARD MEMBER

    Total calculated
    $221,716
    From this org
    $0
    From related orgs
    $112,794
    Other
    $108,922
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $112,794 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,032 related
    Nontaxable benefits
    $0 + $92,890 related
    Filer's total
    $0 + $221,716 related

  • DR DOUG CARTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • GARY GILMORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • REV DAVID ENGBRECHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • FAY TURNBULL

    TREASURER (PART-YEAR)

    Total calculated
    $119,122
    From this org
    $0
    From related orgs
    $87,728
    Other
    $31,394
    Hours/week
    3 + 40 related

  • JARED GLEASON

    SECRETARY

    Total calculated
    $142,509
    From this org
    $0
    From related orgs
    $98,651
    Other
    $43,858
    Hours/week
    1 + 40 related

  • JARED YOUNG

    TREASURER

    Total calculated
    $29,749
    From this org
    $0
    From related orgs
    $26,639
    Other
    $3,110
    Hours/week
    3 + 40 related

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • INDUSTRIAS OLANCHANAS

    C · FARM · HO

    Directly controlled by WORLD GOSPEL MISSION

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202602459349300800

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