Sole Ministries
- Assets
- $564.4k
- Revenue
- $205.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Albuquerque, NM
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-1788723
Organization Overview
Sole Ministries is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Sole Ministries employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sole Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sole Ministries generated $205.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $130.9k during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN MINISTRY- TO GLORIFY GOD BY PROVIDING FAMILIES WITH A DISTINCTLY CHRIST-CENTERED, BIBLICAL FOUNDATION, FOR A LIFE-LONG PURSUIT OF THEIR GOD-GIVEN CALLING. DEVELOP CHRISTIAN WORLDVIEW THINKING, SO THAT CHRISTIANS EVALUATE THEIR ENTIRE RANGE OF EXPERIENCE IN LIGHT OF SCRIPTURE. ENCOURAGE EVERY CHRISTIAN TO BEGIN AND DEVELOP HIS/HER RELATIONSHIP WITH GOD THE FATHER THROUGH JESUS CHRIST. PROVIDE A CLEAR MODEL OF BIBLICAL CHRISTIAN LIFE AND CULTURE THROUGH OUR FACULTY, STAFF, AND BOARD. TEACH ALL SUBJECTS AS PART OF AN INTEGRATED WHOLE WITH SCRIPTURE AT THE CENTER. ESTABLISH LOCAL AND INTERNATIONAL HUMANITARIAN AID PROGRAMS THAT PROVIDE FOR THOSE MOST IMPOVERISHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PLACE OF COMMUNION AT SOLE MISTRIES CHURCH, FREE TEACHING OF JESUS, BEREAVEMENT COUNSELING, CHILD ENRICHMENT, MARRIAGE SEMINARS, FAMILY CRISIS
HUMANITARIAN RELIEF FOR THE PHILIPPINES AND NEPAL.
INREACH - HELPING INDIVIDUALS AND FAMILIES RESTART THEIR LIVES AND FINANCIAL AID TO THOSE UNABLE TO PAY FOR SERIOUS MEDICAL CONDITIONS.
RADIATE PROGRAM - WEEKLY TELEVISION BROADCAST ACROSS NM BROADCASTING THE GOSPEL OF JESUS CHRIST. WEBSITE WITH LINKS TO INFORMATION ABOUT CHIRCH SERVICE, BIBLE STUDY BROADCAST TIMES AND CHANNELS, OTHER CHRISTIAN LINKS. COMMUNITY SUPPORT THROUGH OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Tolle Director | Trustee | 20 | $0 |
Mary Stevenson Director | Trustee | 20 | $0 |
Patricia Ruybal Director | Trustee | 20 | $0 |
Ronaldo Cervantes President | Officer | 40 | $17,946 |
Ventura Ruybal Executive Director | Officer | 20 | $0 |
Amy Spross Director | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,921 |
| Total Program Service Revenue | $0 |
| Investment income | $325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,946 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,260 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,158 |
| Office expenses | $4,713 |
| Information technology | $2,981 |
| Royalties | $0 |
| Occupancy | $13,827 |
| Travel | $68 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,810 |
| Insurance | $2,708 |
| All other expenses | $349 |
| Total functional expenses | $130,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,425 |
| Savings and temporary cash investments | $2,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $473,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $564,428 |
| Accounts payable and accrued expenses | $2,041 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $28,568 |
| Secured mortgages and notes payable | $200,133 |
| Unsecured mortgages and notes payable | $147,600 |
| Other liabilities | $0 |
| Total liabilities | $378,342 |
| Net assets without donor restrictions | $186,086 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $564,428 |