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Nonprofiteer
← POWER MINISTRY

Form 990 for tax year 2023

Filed by POWER MINISTRY.

Totals

Total revenue
$937,929
Total expenses
$1,027,563
Contributions and grants received
$564,866
Grants paid
$234,050
Program service revenue
$156,070
Investment income
$38,132
Other revenue
$178,861
Total assets, end of year
$865,737
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$865,737
Program services expenses (Part IX)
$971,838
Management and general expenses
$55,725
Fundraising expenses
$0
Program service expenses (Part III)
$971,838

Program services were 94.6% 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.

  • 1c · Fundraising events

    $316,322

  • 1f · All other contributions, gifts and grants

    $248,544

  • 2a · Program service revenue: MISSION TRIPS

    total $156,070 · related or exempt $156,070

  • 3 · Investment income

    total $41,145 · excluded $41,145

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

    securities $3,013

  • 7c · Gain or loss

    securities -$3,013

  • 7d · Net gain or loss

    total -$3,013 · related or exempt -$3,013

  • 8a · Fundraising events: gross income

    $241,411

  • 8a · Fundraising events: contributions included on line 1c

    $316,322

  • 8b · Fundraising events: direct expenses

    $54,810

  • 8c · Net income from fundraising events

    total $186,601 · excluded $186,601

  • 10a · Gross sales of inventory

    $11,514

  • 10b · Cost of goods sold

    $19,254

  • 10c · Net income from sales of inventory

    total -$7,740 · related or exempt -$7,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $234,050 · program services $234,050

  • 5 · Compensation of officers, directors and key employees

    total $84,000 · program services $84,000

  • 11c · Fees: accounting

    total $1,700 · management and general $1,700

  • 11g · Fees: other

    total $1,660 · management and general $1,660

  • 13 · Office expenses

    total $10,144 · management and general $10,144

  • 14 · Information technology

    total $7,804 · management and general $7,804

  • 16 · Occupancy

    total $16,545 · program services $16,545

  • 17 · Travel

    total $6,490 · management and general $6,490

  • 19 · Conferences, conventions and meetings

    total $4,140 · management and general $4,140

  • 22 · Depreciation, depletion and amortization

    total $7,299 · program services $6,569 · management and general $730

  • 23 · Insurance

    total $17,383 · management and general $17,383

  • 24a · Other expenses: MISSION TRIPS - CONSTRU

    total $225,906 · program services $225,906

  • 24b · Other expenses: MISSION TRIPS - SUPPLIE

    total $161,691 · program services $161,691

  • 24c · Other expenses: MISSION TRIPS - TRAVEL

    total $91,399 · program services $91,399

  • 24d · Other expenses: MISSION TRIPS - FOOD

    total $63,350 · program services $63,350

  • 24e · All other expenses

    total $94,002 · program services $88,328 · management and general $5,674

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,135 · end of year $113,833

  • 2 · Savings and temporary cash investments

    beginning of year $100 · end of year $100

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

    $36,495

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

    $7,299

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $29,196

  • 11 · Investments: publicly traded securities

    beginning of year $827,391 · end of year $722,608

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $923,626 · end of year $865,737

Mission and programs · 2023

Mission

TO PROVIDE CHRISTIAN FELLOWSHIP AND HELP OTHERS IN NEED.

  • TO PROMOTE MINISTRY AND SPIRITUAL WELL-BEING BY ASSISTING WITH THE CONSTRUCTION AND REBUILDING OF CHURCHES, SCHOOLS, AND HOMES AND BY PROVIDING FOOD, SHELTER, CLOTHING, EDUCATION AND SPIRITUAL GUIDANCE IN AREAS OF NEED.

    Expenses $971,838 · Grants $234,050 · Revenue $720,936

As filed on the 2023 return.

Listed in Part VII

  • Doug Wible

    PRESIDENT

    Total calculated
    $42,000
    From this org
    $42,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Brian Nelson

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Marty Read

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Louie Davenport

    MEMBER FOR LIFE

    Total calculated
    $0
    Hours/week
    3

  • Tim Morgan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark Leduc

    CHAIRMAN

    Total calculated
    $52,500
    From this org
    $52,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Ben Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cody Gibbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Schmeling

    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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202422579349302152

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