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← SEED OF ABRAHAM MINISTRIES INC

Form 990 for tax year 2022

Filed by SEED OF ABRAHAM MINISTRIES INC.

Totals

Total revenue
$4,698,984
Total expenses
$4,139,768
Contributions and grants received
$4,423,515
Grants paid
$489,444
Program service revenue
$96,352
Investment income
$130
Other revenue
$178,987
Total assets, end of year
$4,880,224
Total liabilities, end of year
$572,148
Net assets or fund balances, end of year
$4,308,076
Program services expenses (Part IX)
$3,735,690
Management and general expenses
$281,465
Fundraising expenses
$122,613
Program service expenses (Part III)
$3,735,690

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

    $4,423,515

  • 1g · Noncash contributions included above

    $10,808

  • 2a · Program service revenue: Tours

    total $96,352 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $320 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $44,000

  • 6c · Rental income or loss

    real property $44,000

  • 6d · Net rental income or loss

    total $44,000 · related or exempt $44,000

  • 7a · Gross sales of assets other than inventory

    other assets $0

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

    other assets $190

  • 7c · Gain or loss

    other assets -$190

  • 7d · Net gain or loss

    total -$190 · related or exempt -$190 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $236,018

  • 10b · Cost of goods sold

    $103,010

  • 10c · Net income from sales of inventory

    total $133,008 · related or exempt $133,008

  • 11a · Other revenue: Other Income

    total $1,979 · related or exempt $1,979 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,979

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $465,635 · program services $465,635

  • 2 · Grants to domestic individuals

    total $8,623 · program services $8,623

  • 3 · Grants to foreign organizations and individuals

    total $15,186 · program services $15,186

  • 7 · Other salaries and wages

    total $479,721 · program services $318,740 · management and general $160,981 · fundraising $0

  • 9 · Other employee benefits

    total $19,233 · program services $12,779 · management and general $6,454 · fundraising $0

  • 10 · Payroll taxes

    total $42,718 · program services $28,383 · management and general $14,335 · fundraising $0

  • 11b · Fees: legal

    total $16,945 · program services $6,778 · management and general $10,167 · fundraising $0

  • 11c · Fees: accounting

    total $19,993 · program services $7,997 · management and general $11,996 · fundraising $0

  • 11g · Fees: other

    total $13,540 · program services $5,416 · management and general $8,124 · fundraising $0

  • 12 · Advertising and promotion

    total $38,541 · program services $3,682 · management and general $0 · fundraising $34,859

  • 13 · Office expenses

    total $47,051 · program services $44,564 · management and general $2,487 · fundraising $0

  • 14 · Information technology

    total $146,257 · program services $58,503 · management and general $0 · fundraising $87,754

  • 16 · Occupancy

    total $165,098 · program services $140,333 · management and general $24,765 · fundraising $0

  • 17 · Travel

    total $372,532 · program services $372,532 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $29,641 · program services $29,641 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $148,587 · program services $148,587 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $4,354 · program services $4,354 · management and general $0 · fundraising $0

  • 24a · Other expenses: Ministry & Teachings

    total $1,428,132 · program services $1,428,132 · management and general $0 · fundraising $0

  • 24b · Other expenses: Housing Allowance

    total $237,980 · program services $237,980 · management and general $0 · fundraising $0

  • 24c · Other expenses: Contract Labor

    total $200,455 · program services $160,364 · management and general $40,091 · fundraising $0

  • 24d · Other expenses: Torah Class iTV & Internet

    total $89,380 · program services $89,380 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $150,166 · program services $148,101 · management and general $2,065 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,575,007 · end of year $2,345,779

  • 2 · Savings and temporary cash investments

    beginning of year $653,105 · end of year $653,426

  • 7 · Other notes and loans receivable

    beginning of year $10,786

  • 8 · Inventories for sale or use

    beginning of year $235,418 · end of year $387,507

  • 9 · Prepaid expenses and deferred charges

    beginning of year $131,791 · end of year $245,837

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

    $1,743,033

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

    $538,738

  • 10c · Land, buildings and equipment, net

    beginning of year $1,249,434 · end of year $1,204,295

  • 12 · Investments: other securities

    beginning of year $36,581 · end of year $36,477

  • 15 · Other assets

    beginning of year $6,903 · end of year $6,903

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,145 · end of year $155,851

  • 25 · Other liabilities

    beginning of year $104,332 · end of year $416,297

  • 27 · Net assets without donor restrictions

    beginning of year $3,311,258 · end of year $3,853,295

  • 28 · Net assets with donor restrictions

    beginning of year $434,290 · end of year $454,781

Mission and programs · 2022

Mission

Religious Charitable Organization

  • Prayer and worhsip and indepth group study of the Bible. Adult and child Bible study classes. Organization donates to other charitable organizations.

    Expenses $3,735,690 · Revenue $4,698,984

As filed on the 2022 return.

Listed in Part VII

  • Thomas Bradford

    Board Member

    Total calculated
    $0
    Hours/week
    10

  • Patricia Stallard

    Board Member

    Total calculated
    $61,640
    From this org
    $61,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robert Lehton

    Board Member

    Total calculated
    $0
    Hours/week
    10

  • Thomas Williamson

    Board Member

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2022
Filed
22 November 2023
IRS schema version
2022v5.0
Source object
202303389349300610

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