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Nonprofiteer
← FAR REACHING MINISTRIES

Form 990 for tax year 2023

Filed by FAR REACHING MINISTRIES.

Totals

Total revenue
$12,857,444
Total expenses
$11,510,538
Contributions and grants received
$12,768,993
Grants paid
$3,633,090
Program service revenue
$0
Investment income
$88,451
Other revenue
$0
Total assets, end of year
$19,539,672
Total liabilities, end of year
$3,577
Net assets or fund balances, end of year
$19,536,095
Program services expenses (Part IX)
$10,272,034
Management and general expenses
$1,066,173
Fundraising expenses
$172,331
Program service expenses (Part III)
$10,272,034

Program services were 89.2% 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

    $12,768,993

  • 3 · Investment income

    total $96,659 · excluded $96,659

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $37,727 · other assets $3,000

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

    securities $48,935

  • 7c · Gain or loss

    securities -$11,208 · other assets $3,000

  • 7d · Net gain or loss

    total -$8,208 · related or exempt $3,000 · excluded -$11,208

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,902,747 · program services $2,902,747

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $730,343 · program services $730,343

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $407,061 · program services $326,236 · management and general $78,804 · fundraising $2,021

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $953,393 · program services $605,405 · management and general $347,988

  • 8 · Pension plan contributions

    total $62,500 · program services $39,688 · management and general $22,812

  • 9 · Other employee benefits

    total $249,284 · program services $158,295 · management and general $90,989

  • 10 · Payroll taxes

    total $66,254 · program services $42,071 · management and general $24,183

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $6,926 · program services $1,000 · management and general $5,926

  • 11c · Fees: accounting

    total $6,835 · management and general $6,835

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,449,060 · program services $1,413,597 · management and general $35,163 · fundraising $300

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $54,411 · program services $34,141 · management and general $20,228 · fundraising $42

  • 14 · Information technology

    total $15,396 · program services $11,610 · management and general $3,718 · fundraising $68

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $174,176 · program services $97,843 · management and general $76,333

  • 17 · Travel

    total $1,481,356 · program services $1,353,062 · management and general $11,736 · fundraising $116,558

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $117,681 · program services $89,898 · management and general $27,052 · fundraising $731

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $397,741 · program services $316,661 · management and general $79,789 · fundraising $1,291

  • 23 · Insurance

    total $77,814 · program services $54,017 · management and general $23,797

  • 24a · Other expenses: Widow/Orphan Care

    total $819,665 · program services $819,665

  • 24b · Other expenses: Training Center Support

    total $429,600 · program services $429,600

  • 24c · Other expenses: Program supplies

    total $216,657 · program services $214,258 · management and general $2,399

  • 24d · Other expenses: Postage and Shipping

    total $156,526 · program services $115,174 · management and general $19,565 · fundraising $21,787

  • 24e · All other expenses

    total $735,112 · program services $516,723 · management and general $188,856 · fundraising $29,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,699,535 · end of year $3,108,665

  • 2 · Savings and temporary cash investments

    beginning of year $6,621,470 · end of year $7,310,231

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $22,543 · end of year $30,530

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $247,296 · end of year $217,984

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,367 · end of year $113

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

    $8,910,788

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

    $4,179,942

  • 10c · Land, buildings and equipment, net

    beginning of year $4,859,091 · end of year $4,730,846

  • 11 · Investments: publicly traded securities

    end of year $1,461,133

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2,272,368 · end of year $2,680,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,088 · end of year $3,577

  • 25 · Other liabilities

    beginning of year $26,901

  • 27 · Net assets without donor restrictions

    beginning of year $18,704,681 · end of year $19,536,095

Mission and programs · 2023

Mission

Our mission is to carry the gospel of hope to the world with discipleship as our primary objective. We do this through the planting and establishing of churches, Bible schools, small groups, and one-to-one relationships. We desire to minister to the vulnerable and afflicted, as well as helping all in dire need. We begin by bringing aid to meet physical needs while, most importantly, fulfilling their spiritual needs with the love of our Lord Jesus Christ. We train and equip missionaries in the United States, empowering them to fulfill the calling on their lives and exercise their unique gifts given to them by our Father in heaven. These missionaries can train and equip indigenous believers in other nations to fulfill the Great Commission given to the church by Jesus Christ. Every believer is called to be an Ambassador for Jesus Christ and when we all accept this calling and begin to share the truth, we can reach even the uttermost ends of this earth.

  • Ghost Operations: Ghost Operations was designed to meet the unique challenges and dangers associated with bringing the gospel into countries closed to religious teaching, to war torn nations, areas dominated by human traffickers or cartels and places where persecution for believers is known to be extreme. We sponsor hundreds of missionaries, pastors, and evangelists through two organizations established to train and equip servants in these areas. We raise and send funds to meet the monthly needs of these believers and we provide ongoing humanitarian relief. We currently have programs in Ukraine, Myanmar, Philippines, Indonesia, Nigeria, Egypt and others. We endeavor to safeguard the identity of all our partners because the threat of persecution and even death is very real. We also rescued over 2,000 people when Afghanistan collapsed.

    Expenses $3,174,130 · Grants $802,833

  • Children of War: This programs provides aid, education, medical support and spiritual instruction to vulnerable children. We operate projects for victims rescued from sex traffickers, support for abandoned or orphaned children and we intervene with poor children in imminent danger. We currently have projects in Africa and South America and we provide emergency services in Eastern Europe and Asia for victims of war.

    Expenses $3,107,499 · Grants $2,450,507

  • Christ for a continent: Far Reaching Ministries founded a Chaplaincy Corps in 1998 and began spreading the Hope of Jesus Christ to the war torn country of Sudan. In 2011, South Sudan gained its independence from Sudan and we continued our strengthening of the chaplaincy corps. We also purchased an airplane that services multiple countries in East Africa in partnership with Mission Aviation Fellowship and Far Reaching Ministries Aviation. Our chaplains began planting churches all over South Sudan and to date we have built over 25 new church structures. In addition, we plant churches in Uganda, Kenya, Congo, our vision is to equip national pastors and chaplains to reach the entire continent for Jesus Christ.

    Expenses $2,161,711 · Grants $31,595

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

Listed in Part VII

  • Pastor Luke Beebe

    Director

    Total calculated
    $205,000
    From this org
    $205,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $205,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $205,000
  • Wesley Bentley

    CEO

    Total calculated
    $202,060
    From this org
    $72,054
    From related orgs
    $0
    Other
    $130,006
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $72,054
    Bonus
    not reported
    Other
    not reported
    Deferred
    $44,806
    Nontaxable benefits
    $85,200
    Filer's total
    $202,060
  • Victoria Bentley

    CFO

    Total calculated
    $59,739
    From this org
    $0
    From related orgs
    $59,739
    Other
    $0
    Hours/week
    10 + 40 related
  • Brett Bergstrom

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dean Broyles Esq

    Director

    Total calculated
    $0
    Hours/week
    1
  • Eric Irwin

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jason Woolford

    Director

    Total calculated
    $0
    Hours/week
    1
  • James Hodges

    Director

    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. 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.
All senior management personnel flying across the USA or international are eligible for first, business or premium economy seats. Each staff is required to clear with the CEO if cost per seat is 50% higher. CEO is authorized to approve or deny all requests.Travel for board of directors spouses is allowed when an annual meeting or retreat is being held. If the spouse requests to attend and volunteers to serve when staff is speaking to fundraise, thatis allowed, provided audience size is great enough to warrant extra help. Those expenses for travel are shown in Fundraising class.Housing allowance is available only for ordained pastoral staff. FRMA currently as NO pastoral staff or housing allowance.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433219349300043

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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