Bob Russell Ministries Inc

Organization Overview

Bob Russell Ministries Inc is located in Louisville, KY. The organization was established in 2006. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bob Russell Ministries Inc 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, Bob Russell Ministries Inc generated $361.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $247.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Bob Russell Ministries Inc has awarded 15 individual grants totaling $400,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE INSTRUCTION, TRAINING, EDUCATION AND MENTORING OF YOUNG PASTORS OF THE CHRISTIAN FAITH. THROUGH THE "TIME OF REFRESHING RETREATS" THE ORGANIZATION PROVIDES COUNSELING FOR YOUNG PASTORS IN HOW TO BALANCE THEIR WORK AND FAMILY LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SUCCESSFULLY PROVIDED INSTRUCTION, EDUCATION AND MENTORING TO APPROXIMATELY 60 YOUNG PASTORS.


THE ORGANIZATION ADMINISTERS A PROGRAM OF CHRISTIAN BENEVOLENCE USING BIBLICAL PRINCIPLES AND SCRIPTURAL ADMONITIONS TO ALLEVIATE SUFFERING AND HARDSHIP RESULTING FROM POVERTY, UNEMPLOYMENT, DISEASE, ILLNESS, ACCIDENT, INJURY, OR POOR HEALTH, DISABILITY, BEREAVEMENT, DEPRIVATION OF EDUCATIONAL TRAINING OR OPPORTUNITY, OR OTHER CAUSES OF PHYSICAL, MENTAL, SPIRITUAL, OR ECONOMIC DISTRESS. BENEFICIARIES OF SUCH GRANTS MAY INCLUDE WIDOWS, ORPHANS, EXPECTANT MOTHERS AND OTHER INDIVIDUALS UPON RECOMMENDATION OF A PASTOR. BENEFICIARIES OF SUCH GRANTS MAY ALSO INCLUDE CHRISTIAN CHURCHES, CHURCH-BASED MINISTRIES, OR OTHER CHRISTIAN MINISTRIES THAT MINISTER TO THOSE AFFECTED BY THE ENUMERATED CAUSES AND CONDITIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert L Russell
President
$13,500
C Kent Hatfield
Vice President
$0
Jack Coffee
Treasurer
$0
Don E Waddell III
Secretary - Term Ended 03/22
$23,800

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$359,302
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$359,302
Total Program Service Revenue$0
Investment income $75
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $757
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,041
Miscellaneous Revenue$0
Total Revenue $361,175

Grants Awarded

Over the last fiscal year, Bob Russell Ministries Inc has awarded $50,000 in support to 2 organizations.

Grant RecipientAmount

CENTRAL CHRISTIAN COLLEGE OF THE BIBLE

PURPOSE: TO ASSIST WITH PROGRAM SERVICES

$25,000

PORTLAND CHRISTIAN CHURCH

PURPOSE: TO ASSIST WITH PROGRAM SERVICES

$25,000
View Grant Profile

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