Form 990 for tax year 2023
Filed by MUSTARD SEED MINISTRIES OF FORT PIERCE INC.
Totals
- Total revenue
- $4,995,928
- Total expenses
- $5,035,258
- Contributions and grants received
- $4,952,741
- Grants paid
- $4,426,935
- Program service revenue
- $0
- Investment income
- $6,547
- Other revenue
- $36,640
- Total assets, end of year
- $1,009,996
- Total liabilities, end of year
- $5,667
- Net assets or fund balances, end of year
- $1,004,329
- Program services expenses (Part IX)
- $4,900,705
- Management and general expenses
- $127,828
- Fundraising expenses
- $6,725
- Program service expenses (Part III)
- $4,900,705
Program services were 97.3% 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.
-
1e · Government grants (contributions)
$44,202
-
1f · All other contributions, gifts and grants
$4,908,539
-
1g · Noncash contributions included above
$4,244,588
-
3 · Investment income
total $7,490 · excluded $7,490
-
7b · Less cost or other basis and sales expenses
securities $778 · other assets $165
-
7c · Gain or loss
securities -$778 · other assets -$165
-
7d · Net gain or loss
total -$943 · related or exempt -$943
-
8a · Fundraising events: gross income
$61,251
-
8b · Fundraising events: direct expenses
$20,678
-
8c · Net income from fundraising events
total $40,573 · excluded $40,573
-
10a · Gross sales of inventory
$490,456
-
10b · Cost of goods sold
$494,389
-
10c · Net income from sales of inventory
total -$3,933 · excluded -$3,933
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,426,935 · program services $4,426,935
-
7 · Other salaries and wages
total $310,516 · program services $232,887 · management and general $73,748 · fundraising $3,881
-
10 · Payroll taxes
total $16,514 · program services $12,385 · management and general $3,923 · fundraising $206
-
11g · Fees: other
total $54,884 · program services $43,481 · management and general $10,833 · fundraising $570
-
12 · Advertising and promotion
total $1,968 · program services $1,968
-
13 · Office expenses
total $23,684 · program services $15,789 · management and general $7,500 · fundraising $395
-
20 · Interest
total $3 · program services $3
-
22 · Depreciation, depletion and amortization
total $49,952 · program services $37,464 · management and general $11,864 · fundraising $624
-
23 · Insurance
total $36,502 · program services $27,376 · management and general $8,670 · fundraising $456
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $27,022 · program services $20,267 · management and general $6,418 · fundraising $337
-
24b · Other expenses: SUPPLIES
total $21,567 · program services $19,410 · management and general $2,049 · fundraising $108
-
24c · Other expenses: RENTAL FEES
total $17,460 · program services $17,460
-
24d · Other expenses: UTILITIES
total $14,839 · program services $13,355 · management and general $1,410 · fundraising $74
-
24e · All other expenses
total $33,412 · program services $31,925 · management and general $1,413 · fundraising $74
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $205,448 · end of year $182,957
-
10a · Land, buildings and equipment: cost or other basis
$1,271,692
-
10b · Land, buildings and equipment: accumulated depreciation
$705,035
-
10c · Land, buildings and equipment, net
beginning of year $586,006 · end of year $566,657
-
11 · Investments: publicly traded securities
beginning of year $247,745 · end of year $252,832
-
15 · Other assets
beginning of year $7,550 · end of year $7,550
-
17 · Accounts payable and accrued expenses
beginning of year $2,287 · end of year $5,667
-
24 · Unsecured notes and loans payable
beginning of year $803
-
27 · Net assets without donor restrictions
beginning of year $857,702 · end of year $695,101
-
28 · Net assets with donor restrictions
beginning of year $185,957 · end of year $309,228
Mission and programs · 2023
Mission
TO OFFER OUTREACH TO NEEDY FAMILIES AND INDIVIDUALS FOR THEIR SPIRITUAL & PHYSICAL FULFILLMENT.
Activities or mission (Part I)
TO PROVIDE OUTREACH TO NEEDY FAMILIES AND INDIVIDUALS FOR THEIR SPIRITUAL AND PHYSICAL FULFILLMENT.
-
TO PROVIDE OUTREACH TO NEEDY FAMILIES AND INDIVIDUALS FOR THEIR SPIRITUAL AND PHYSICAL FULFILLMENT.
Expenses $4,900,705 · Grants $4,426,935
As filed on the 2023 return.
Listed in Part VII
-
David WillburDAVID WILLBUR
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Steve CassensSTEVE CASSENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bea ProkopBEA PROKOP
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Steven WaySTEVEN WAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Rusty HinesRUSTY HINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica ParishJESSICA PARISH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
David DangerfieldDAVID DANGERFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy LandryNANCY LANDRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bobbie WilliamssrBOBBIE WILLIAMSSR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg SmithGREG SMITH
EXECUTIVE DIRECTOR
- Total calculated
- $81,913
- From this org
- $81,913
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Schedule J
Answered yes
- 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 3
- BOARD APPROVES SALARY PACKAGE.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500519349300640
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