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Nonprofiteer
← WATCH THEREFORE MINISTRIES INC

Form 990 for tax year 2023

Filed by WATCH THEREFORE MINISTRIES INC.

Totals

Total revenue
$1,249,849
Total expenses
$1,262,427
Contributions and grants received
$1,249,490
Grants paid
$810,741
Program service revenue
$0
Investment income
$0
Other revenue
$359
Total assets, end of year
$151,539
Total liabilities, end of year
$587
Net assets or fund balances, end of year
$150,952
Program services expenses (Part IX)
$1,232,197
Management and general expenses
$30,230
Fundraising expenses
$0
Program service expenses (Part III)
$1,232,197

Program services were 97.6% 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.

  • 1e · Government grants (contributions)

    $1,249,490

  • 5 · Royalties

    total $359 · related or exempt $359

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $810,741 · program services $810,741

  • 5 · Compensation of officers, directors and key employees

    total $116,100 · program services $116,100

  • 7 · Other salaries and wages

    total $22,713 · program services $22,713

  • 10 · Payroll taxes

    total $1,719 · program services $1,719

  • 11c · Fees: accounting

    total $12,303 · management and general $12,303

  • 13 · Office expenses

    total $14,522 · management and general $14,522

  • 14 · Information technology

    total $3,156 · management and general $3,156

  • 19 · Conferences, conventions and meetings

    total $129 · program services $129

  • 22 · Depreciation, depletion and amortization

    total $249 · management and general $249

  • 24a · Other expenses: church plant

    total $2,302 · program services $2,302

  • 24b · Other expenses: praise and worship

    total $17,389 · program services $17,389

  • 24c · Other expenses: global outreach

    total $245,793 · program services $245,793

  • 24d · Other expenses: printing newsletter supplies

    total $15,311 · program services $15,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,471 · end of year $150,917

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

    $1,245

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

    $623

  • 10c · Land, buildings and equipment, net

    beginning of year $871 · end of year $622

  • 25 · Other liabilities

    beginning of year $812 · end of year $587

  • 27 · Net assets without donor restrictions

    beginning of year $163,530 · end of year $150,952

Mission and programs · 2023

Mission

This ministry is committed to reaching the unchurched in our society and around the world. We are training individuals around the world to spread the Gospel of Jesus Christ in their communities. Benevolence is provided in poor communites to demonstrate Gods love.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $427,485 · Revenue $482,616

  • Blessing Israeli Belivers Ministries raises awareness and provides financial support for other ministries in Israel who are getting out the gospel, planting Messianic congregations, helping poor in Jerusleum and throughout Israel with drug rehab and more.Gospel taken to many nations mostly in Africa and India. Our poured out outreach has ministered in ten African countries and currently working mostly in Rwanda and Democratic Republic of Congo.Current ongoing outreach efforts include Gospel preaching in churches and outdoor events, Bible distribution and and Bible teaching/discipleship in churches and leader conferences.

    Expenses $375,472 · Revenue $300,639

  • Abundant Bread of Salvation. Financial support helped provide ongoing urgent humanitarian needs for poor, needy Holocaust survivors, orphans, drug addicts and more. There were also special events to minister to Holocaust survivors called Royalty Meals.

    Expenses $301,327 · Revenue $344,636

  • Through the media outlet, we preached the gospel of Jesus Christ to 200 countries with a potential to reach 200 million homes. Bible teaching to make strong disciples of Messiah Jesus who are the watching and ready faithful, wise, and blessed servant of Matthew 24. Raised awareness and financial support for partners who are Israeli Beliviers in Missiah Jesus! This would include helpong them preach the gospel, helping poor, needy and Holocaust Survivors with humanitarian aid, and those in crisis pregnancy in Israel- all for the sake of the gospel of Messiah Jesus. Additionally, through Watch Therefore TV we raised awareness and financial support for gospel work in Africa and India through our mission trips and ministry partners.

    Expenses $127,913 · Revenue $121,599

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • John McTernan

    board member

    Total calculated
    $0
    Hours/week
    8

  • David E Halbert

    board member

    Total calculated
    $0
    Hours/week
    1

  • Don Schwarz

    Executive Director

    Total calculated
    $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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349304837

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