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← INTEREST MINISTRIES

Form 990 for tax year 2023

Filed by INTEREST MINISTRIES.

Totals

Total revenue
$1,401,883
Total expenses
$1,301,708
Contributions and grants received
$1,020,974
Grants paid
$792,077
Program service revenue
$9,634
Investment income
$371,275
Other revenue
$0
Total assets, end of year
$2,457,991
Total liabilities, end of year
$11,685
Net assets or fund balances, end of year
$2,446,306
Program services expenses (Part IX)
$1,184,735
Management and general expenses
$101,366
Fundraising expenses
$15,607
Program service expenses (Part III)
$1,184,735

Program services were 91.0% 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

    $1,020,974

  • 2a · Program service revenue: Literature Sales

    total $500 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Spiritual Coaching

    total $9,134 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $50,997 · unrelated business $0 · excluded $50,997

  • 7a · Gross sales of assets other than inventory

    securities $929,853

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

    securities $609,575

  • 7c · Gain or loss

    securities $320,278

  • 7d · Net gain or loss

    total $320,278 · related or exempt $0 · unrelated business $0 · excluded $320,278

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $435,622 · program services $435,622

  • 2 · Grants to domestic individuals

    total $107,224 · program services $107,224

  • 3 · Grants to foreign organizations and individuals

    total $249,231 · program services $249,231

  • 5 · Compensation of officers, directors and key employees

    total $123,890 · program services $60,750 · management and general $51,902 · fundraising $11,238

  • 7 · Other salaries and wages

    total $81,814 · program services $81,814 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $8,846 · program services $4,162 · management and general $3,825 · fundraising $859

  • 11b · Fees: legal

    total $207 · program services $0 · management and general $207 · fundraising $0

  • 11c · Fees: accounting

    total $29,617 · program services $0 · management and general $29,617 · fundraising $0

  • 11g · Fees: other

    total $183,220 · program services $180,035 · management and general $0 · fundraising $3,185

  • 13 · Office expenses

    total $14,066 · program services $9,099 · management and general $4,642 · fundraising $325

  • 16 · Occupancy

    total $12,995 · program services $9,613 · management and general $3,382 · fundraising $0

  • 17 · Travel

    total $35,492 · program services $33,147 · management and general $2,345 · fundraising $0

  • 23 · Insurance

    total $2,109 · program services $0 · management and general $2,109 · fundraising $0

  • 24a · Other expenses: Annuity Expense

    total $1,833 · program services $0 · management and general $1,833 · fundraising $0

  • 24b · Other expenses: Staff Development

    total $11,425 · program services $11,425 · management and general $0 · fundraising $0

  • 24c · Other expenses: Printing & Reproduction

    total $4,117 · program services $2,613 · management and general $1,504 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $825,165 · end of year $367,302

  • 11 · Investments: publicly traded securities

    beginning of year $1,687,238 · end of year $2,090,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,220 · end of year $11,685

  • 27 · Net assets without donor restrictions

    beginning of year $2,106,703 · end of year $2,221,494

  • 28 · Net assets with donor restrictions

    beginning of year $399,480 · end of year $224,812

Mission and programs · 2023

Mission

To equip and encourage those who serve God in difficult places among the poor, marginalized and spiritually unreached. We especially assist programs that touch children, youth and those who are most needy.

  • Grants, training, coaching and networking for workers and programs that assist children, youth, and the most needy in the context of poverty, inner-cities and among the spiritually unreached by the good news of Gods Kingdom.

    Expenses $1,184,735 · Grants $792,077 · Revenue $9,634

As filed on the 2023 return.

Listed in Part VII

  • Craig Glass

    Chair & Secretary

    Total calculated
    $0
    Hours/week
    0

  • Terry Williams

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Mark Dyer

    President

    Total calculated
    $54,800
    From this org
    $16,800
    From related orgs
    $0
    Other
    $38,000
    Hours/week
    30

  • Jeanne Ley

    Vice-President

    Total calculated
    $0
    Hours/week
    0

  • Debbie Bates

    Asst. Treas/Asst. Secy

    Total calculated
    $59,923
    From this org
    $59,923
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Detail on File

    DE

    Directly controlled by Interest Ministries

Provenance

Return type
form_990
Tax year
2023
Filed
17 October 2024
IRS schema version
2023v6.0
Source object
202530359349300638

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