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Nonprofiteer
← STUDIO TEN MINISTRIES INC

Form 990 for tax year 2022

Filed by STUDIO TEN MINISTRIES INC.

Totals

Total revenue
$991,936
Total expenses
$536,466
Contributions and grants received
$971,265
Grants paid
$0
Program service revenue
$0
Investment income
$1
Other revenue
$20,670
Total assets, end of year
$3,328,150
Total liabilities, end of year
$40,205
Net assets or fund balances, end of year
$3,287,945
Program services expenses (Part IX)
$494,466
Management and general expenses
$42,000
Fundraising expenses
$0
Program service expenses (Part III)
$494,466

Program services were 92.2% 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

    $971,265

  • 3 · Investment income

    total $1 · excluded $1

  • 11a · Other revenue: STUDIO REVENUE

    total $19,213 · related or exempt $19,213

  • 11b · Other revenue: HANDICRAFTS INCOME

    total $1,435 · related or exempt $1,435

  • 11c · Other revenue: OTHER INCOME

    total $22 · related or exempt $22

  • 11e · Other revenue, total

    $20,670

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $42,000 · management and general $42,000

  • 7 · Other salaries and wages

    total $40,000 · program services $40,000

  • 9 · Other employee benefits

    total $12,254 · program services $12,254

  • 10 · Payroll taxes

    total $7,298 · program services $7,298

  • 11c · Fees: accounting

    total $3,791 · program services $3,791

  • 17 · Travel

    total $42,464 · program services $42,464

  • 19 · Conferences, conventions and meetings

    total $115 · program services $115

  • 22 · Depreciation, depletion and amortization

    total $50,240 · program services $50,240

  • 24a · Other expenses: SUPPLIES & MATERIALS

    total $76,848 · program services $76,848

  • 24b · Other expenses: PROGRAM EXPENSES - EDUCAT

    total $50,329 · program services $50,329

  • 24c · Other expenses: RENT

    total $37,013 · program services $37,013

  • 24d · Other expenses: PROGRAM SERVICE HOME EXPE

    total $35,544 · program services $35,544

  • 24e · All other expenses

    total $138,570 · program services $138,570

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,706,122 · end of year $2,167,976

  • 2 · Savings and temporary cash investments

    beginning of year $1,041 · end of year $1,181

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

    $1,444,988

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

    $285,995

  • 10c · Land, buildings and equipment, net

    beginning of year $1,193,224 · end of year $1,158,993

  • 25 · Other liabilities

    beginning of year $67,916 · end of year $40,205

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,832,471 · end of year $3,287,945

Mission and programs · 2022

Mission

THE PURPOSE OF STUDIO TEN MINISTRIES INC SHALL BE TO ACT AS A CHARTIBLE CATALYST TO ALLEVIATE SUFFERING AMONG THE WORLDS POOREST AND MOST OPPRESSED ORPHANS, WIDOWS, AND OUTCAST. PARTNERSHIP TO ADDRESS THE EDUCATIONAL & SOCIOECONOMICS NEEDS OF THE POOR, ORPHANS, WIDOWS AND OUTCAST.

  • THE PURPOSE OF STUDIO TEN MINISTRIES INC SHALL BE TO ACT AS A CHARTIBLE CATALYST TO ALLEVIATE SUFFERING AMONG TH WORLDS POOREST AND MOST OPPRESSED ORPHANS, WIDOWS, AND OUTCAST. PARTNERSHIP TO ADDRESS THE EDUCATIONAL & SOCIOECONOMICS NEEDS OF THE POOR, ORPHANS, WIDOWS AND OUTCAST.

  • WE HAVE ACHIEVED OUR GOALS SET FORTH

    Expenses $494,466

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shawn Busick

    DIRECTOR

    Total calculated
    $0
  • Dawn Korra

    DIRECTOR

    Total calculated
    $0
  • Daniel Ingle

    DIRECTOR

    Total calculated
    $0
  • Sheryl Ingle

    DIRECTOR

    Total calculated
    $0
  • Brian Lacher

    DIRECTOR

    Total calculated
    $0

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 November 2024
IRS schema version
2022v5.0
Source object
202403209349322760

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