Breaking Bonds Ministries
- Assets
- $1.2m
- Revenue
- $687.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Jonesboro, AR
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2109839
Organization Overview
Breaking Bonds Ministries is located in Jonesboro, AR. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Breaking Bonds Ministries employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breaking Bonds 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 12/2021, Breaking Bonds Ministries generated $687.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.6% each year . All expenses for the organization totaled $701.6k during the year ending 12/2021. While expenses have increased by 49.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACH LIFE SKILLS, FIND JOBS, AND GIVE ASSISTANCE WHERE NEEDED TO PEOPLE WHO ARE STRUGGLING WITH ADDICTIONS BY TEACHING PRINCIPALS FROM THE WORD OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL FACILITY: PROVIDE ROOM AND BOARD FOR MEN AND WOMEN AS THEY LEARN TO OVERCOME ADDICTION; PROVIDED JOB SKILLS AND RESUME TRAINING; PROVIDE TUTORING SERVICES FOR GED COURSES.
ELEVATION SERVICE: PROVIDE A TWICE WEEKLY CONTEMPORARY WORSHIP SERVICE EXPERIENCE FOR THE COMMUNITY AND RESIDENTS OF THE FACILITY; PROVIDE SMALL GROUP SETTING CLASSES FOR MEN, WOMEN, AND CHILDREN.
MINISTRY TO COMMUNITY: PROVIDE MEALS FOR THE COMMUNITY ONCE WEEKLY AS WELL AS SERVING QUARTERLY IN UNDER PRIVILEGED AREAS; GAVE BIBLES AND OTHER LITERATURE AT COMMUNITY EVENTS; MADE CARE KITS FOR INMATES; MONTHLY VISITS TO LOCAL JAILS AND PRISONS TO MINISTER TO INCARCERATED; SPONSOR STUDENTS AND TEACHERS AT LOCAL ALTERNATIVE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Turner CEO | OfficerTrustee | 20 | $43,775 |
Tiffanie Turner COO | OfficerTrustee | 20 | $42,745 |
Joanna Kelso CFO | OfficerTrustee | 40 | $43,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $669,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,308 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,440 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $687,311 |
| 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. | $130,270 |
| Compensation of current officers, directors, key employees. | $130,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $641 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,897 |
| Office expenses | $18,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,717 |
| Travel | $20,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,239 |
| Insurance | $28,665 |
| All other expenses | $8,094 |
| Total functional expenses | $701,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,098 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $31,441 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,015,716 |
| Investments—publicly traded securities | $30,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,219,341 |
| Accounts payable and accrued expenses | $32,425 |
| 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 | $0 |
| Secured mortgages and notes payable | $762,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $794,885 |
| Net assets without donor restrictions | $0 |
| 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 | $424,456 |
| Total liabilities and net assets/fund balances | $1,219,341 |