Sovereign Grace New Covenant Ministries, New Covenant Media-Sound Of Grace in Frederick, Maryland (MD)
Table of contents:
| Sovereign Grace New Covenant Ministries, New Covenant Media-Sound Of Grace | |
| Employer Identification Number (EIN) | 208365612 |
| Name of Organization | Sovereign Grace New Covenant Ministries |
| Secondary Name | New Covenant Media-Sound Of Grace |
| In Care of Name | Jacob E Mosley Jr |
| Address | 5317 Wye Creek Dr, Frederick, MD 21703-6938 |
| Subsection | Educational Organization, Religious Organization |
| Ruling Date | 11/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $128,500 |
| Amount of Income | $65,595 |
| Form 990 Revenue Amount | $24,692 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Religious Printing, Publishing |
Non-representatives - add comments:
Amount of income in 2013: $65,595 (it was $76,120 in 2012)
| Sovereign Grace New Covenant Ministries, New Covenant Media-Sound Of Grace: | $65,595 |
| Other organizations performing similar types of work: | $76,553 |
Assets in 2013: $128,500 (it was $169,357 in 2012)
| Sovereign Grace New Covenant Ministries, New Covenant Media-Sound Of Grace: | $128,500 |
| Other organizations performing similar types of work: | $37,558 |
Expenses in 2013: $65,945
| This organization: | $65,945 |
| Other organizations performing similar types of work: | $70,971 |
Income to expenses ratio in 2013: 1.0
| Sovereign Grace New Covenant Ministries, New Covenant Media-Sound Of Grace: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 195.5%
| Sovereign Grace New Covenant Ministries, New Covenant Media-Sound Of Grace: | 195.5% |
| Other organizations performing similar types of work: | 96.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $73,179 | $42,502 | $24,692 |
| Contributions, gifts, grants, and similar amounts received | $81,622 | $51,302 | $48,280 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,520 | $434 | $100 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $-13,604 | $-13,823 | $-28,538 |
| Gross sales of inventory, less returns and allowances | $23,704 | $19,795 | $12,365 |
| Less: cost of goods sold | $37,308 | $33,618 | $40,903 |
| Other revenue | $3,641 | $4,589 | $4,850 |
| Total expenses | $90,727 | $73,289 | $65,945 |
| Total net assets | $199,212 | $168,425 | $127,172 |
| Excess/Deficit for the year | $-17,548 | $-30,787 | $-41,253 |
| Net assets or fund balances at beginning of year | $216,760 | $199,212 | $168,425 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $168,425 | $127,172 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $199,220 | $169,357 | $128,500 |
| Total liabilities | $8 | $932 | $1,328 |
| Net assets or fund balances | $199,212 | $168,425 | $127,172 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $315,081 |
| Subtotal Support | $326,747 |
| Gifts, grants, contributions, and membership fees received | $326,747 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $11,666 |
| Total Support | $332,328 |
| Public Support | $326,747 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,581 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United Bible Societies Association Inc | 1989 Nw 88 Ct, Miami, FL 33172-2641 | FL | 2006-10 | $55,850,256 |
| 2 | Family Talk | 540 Elkton Dr Ste 201, Colorado Spgs, CO 80907-8503 | CO | 2010-03 | $7,526,694 |
| 3 | International Foundation Of The Seven Stars | 11828 Rancho Bernardo Rd Ste 205, San Diego, CA 92128-1909 | CA | 2014-07 | $1,650,982 |
| 4 | Men At The Cross | 1353 Lake Shore Drive, Branson, MO 65616 | MO | 2008-12 | $1,629,303 |
| 5 | Religion News Llc, Debra Mason Sole Mbr | 30 Neff Annex, Columbia, MO 65211-0001 | MO | 2011-02 | $1,445,058 |
| 6 | Kidzmatter | 1 E Bode Rd, Streamwood, IL 60107-6657 | IL | 2014-12 | $1,350,952 |
| 7 | Dominican Development Group | 13312 Cain Rd, Tampa, FL 33625-4004 | FL | 2000-01 | $1,200,916 |
| 8 | Celebrating Grace Inc | 6501 Peake Road, Macon, GA 31210-8042 | GA | 2010-10 | $1,121,435 |
| 9 | Hari Krishan Publications | Mississauga On L5n 1a7, Canada | international | 2014-11 | $969,032 |
| 10 | Grace Distribution Inc | 133 N Hanover St, Carlisle, PA 17013-2409 | PA | 2011-06 | $952,055 |
| 11 | Rav Moshe Feinstein Foundation Inc | 6304 Lincoln Ave, Baltimore, MD 21209-3208 | MD | 2011-01 | $236,185 |
| 12 | Jewish Literacy Foundation Inc | 600 Reisterstown Road, Pikesville, MD 21208-5104 | MD | 1999-02 | $199,572 |
| 13 | Iskcon Communications International Inc | 10310 Oaklyn Drive, Potomac, MD 20854 | MD | 2002-06 | $99,306 |
| 14 | Sovereign Grace New Covenant Ministries, New Covenant Media-Sound Of Grace | 5317 Wye Creek Dr, Frederick, MD 21703-6938 | MD | 2007-11 | $65,595 |
| 15 | Mafiq Foundation Inc | 1112 Windmill Ln, Silver Spring, MD 20905-6040 | MD | 2000-11 | $19,414 |
| 16 | Cross Foundation Inc A New Corp | 7815 Highpoint Rd, Baltimore, MD 21234-5407 | MD | 1999-08 | $0 |
| 17 | Grailnet Inet | 2000 Blair Court, Bel Air, MD 21015 | MD | 2001-07 | $0 |
| 18 | Jewish Music Heritage Foundation | 2513 Hal Circle, Baltimore, MD 21209 | MD | 2005-12 | $0 |
| 19 | Precious Present Truth Inc | 7729 Twin Oaks Way, Laurel, MD 20723 | MD | 2014-12 | $0 |
| 20 | The Swedenborg Project Inc | 11914 Chantilly Lane, Mitchellville, MD 20721 | MD | 2001-06 | $0 |
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