Walking Faith Ministry Inc
- Assets
- $97.8k
- Revenue
- $374.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Bellaire, TX
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 76-0451313
Organization Overview
Walking Faith Ministry Inc is located in Bellaire, TX. The organization was established in 1995. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Walking Faith Ministry Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walking Faith Ministry 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, Walking Faith Ministry Inc generated $374.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $413.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. 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
LOW INCOME AND INDIGENT CHILDREN'S ACTIVITY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE A CHILDREN'S MISSION, PROVIDING MEALS, EDUCATION AND HEALTHTRAINING, WORSHIP SERVICES, ENTERTAINMENT, AND OTHER BASIC NEEDS TOINDIGENT AND LOW INCOME FAMILIES WITH EMPHASIS ON THE BASIC NEEDS OFCHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Binkly President | OfficerTrustee | 40 | $12,584 |
Gilda Duncan Secretary | OfficerTrustee | 40 | $8,060 |
James Duncan Treasurer | OfficerTrustee | 10 | $0 |
Jack Parks CFO | OfficerTrustee | 5 | $0 |
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 | $373,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,961 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $373,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,950 |
| Grants and other assistance to domestic individuals. | $46,503 |
| Grants and other assistance to Foreign Orgs/Individuals | $56,255 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,644 |
| Compensation of current officers, directors, key employees. | $5,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,875 |
| Information technology | $8,601 |
| Royalties | $0 |
| Occupancy | $74,952 |
| Travel | $11,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,832 |
| Insurance | $0 |
| All other expenses | $19,161 |
| Total functional expenses | $413,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,418 |
| Savings and temporary cash investments | $0 |
| 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 | $10,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,766 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,379 |
| Total liabilities | $1,379 |
| Net assets without donor restrictions | $96,387 |
| 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 | $97,766 |
Grants Awarded
Over the last fiscal year, Walking Faith Ministry Inc has awarded $11,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAST CALL MINISTRIES PURPOSE: General Support | $5,850 |
STAR FAMILY SINGERS PURPOSE: General Support | $5,500 |