Kingdom Project 7 Billion
- Assets
- $203.9k
- Revenue
- $227.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Abilene, TX
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 47-1529392
Organization Overview
Kingdom Project 7 Billion is located in Abilene, TX. The organization was established in 2017. 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, Kingdom Project 7 Billion employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingdom Project 7 Billion 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, Kingdom Project 7 Billion generated $227.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $240.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS OUTREACH THROUGH DISTRIBUTING PROPHETIC ART ON A WORLD WIDE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Bowen Director | 40 | $46,731 | |
Scott Beard Director | 1 | $0 | |
Ashley Bowen Murphy Director | 1 | $0 | |
Watson Bowen Director | 1 | $0 | |
Josh Rader Director | 1 | $0 | |
Vince Nigro Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $217,110 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $10,358 |
| Other Income | $0 |
| Total Revenue | $227,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,428 |
| Other employee salaries and wages | $53,850 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,790 |
| Depreciation | $9,645 |
| Occupancy | $12,007 |
| Travel, conferences, and meetings | $238 |
| Printing and publications | $0 |
| Other expenses | $81,656 |
| Total operating and administrative expenses | $240,614 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $240,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,646 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $105 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $198,111 |
| Other assets | $0 |
| Total assets | $203,862 |
| Accounts payable and accrued expenses | $7,728 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,728 |