Very Bold Ministries Inc in San Antonio, Texas (TX)

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Very Bold Ministries Inc
Employer Identification Number (EIN)742982652
Name of OrganizationVery Bold Ministries Inc
In Care of NameSteven Lloyd Teel
Address2806 Redsky Hl, San Antonio, TX 78259-3520
SubsectionCharitable Organization
Ruling Date12/2001
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$69,809
Amount of Income$40,236
Form 990 Revenue Amount$39,373
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Christian


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Amount of income in 2013: $40,236 (it was $169,377 in 2012)
Very Bold Ministries Inc: 

 $40,236
Other organizations performing similar types of work: 

 $65,990

Assets in 2013: $69,809 (it was $115,620 in 2012)
This organization: 

 $69,809
Other organizations performing similar types of work: 

 $19,362

Expenses in 2013: $85,186
Very Bold Ministries Inc: 

 $85,186
Other organizations performing similar types of work: 

 $61,884

Income to expenses ratio in 2013: 0.5
Very Bold Ministries Inc: 

 0.5
Other organizations performing similar types of work: 

 0.9

Grants share in income in 2013: 96.7%
Very Bold Ministries Inc: 

 96.7%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$57,224$167,181$39,373
Contributions, gifts, grants, and similar amounts received$56,908$168,130$38,087
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$80$187$444
Gain/Loss from sale of assets other than inventory$236$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$-2,164$342
Gross sales of inventory, less returns and allowances$0$32$1,205
Less: cost of goods sold$0$2,196$863
Other revenue$0$1,028$500
Total expenses$67,554$68,368$85,186
Total net assets$6,807$105,620$59,807
Excess/Deficit for the year$-10,330$98,813$-45,813
Net assets or fund balances at beginning of year$17,137$6,807$105,620
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$105,620$59,807
Balance Sheets
201120122013
Total assets$16,807$115,620$69,809
Total liabilities$10,000$10,000$10,002
Net assets or fund balances$6,807$105,620$59,807
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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$131,370
Subtotal Support$383,848
Gifts, grants, contributions, and membership fees received$383,848
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$252,478
Total Support$384,615
Public Support$383,848
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$711
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$56
Gross receipts from related activities, etc.$2,149
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2Relevance3440 Nw Covey Run Rd, Corvallis, OR 97330-3155OR2006-06$303,047
3Warrior At Heart Ministry IncPO BOX 1511, Grand Jct, CO 81502-1511CO2007-09$87,472
4Glorieta 2-0 Inc6424 Hackberry Rd, Rocksprings, TX 78880-3024TX2013-08$6,082,372
5Unlimited Faith Inc, Immanuels Nursing Center4515 Village Creek Rd, Fort Worth, TX 76119-4158TX2004-02$4,566,803
6Mission To Unreached PeoplesPo Box 860548, Plano, TX 75086TX2011-07$4,381,925
7Sower Of Seeds International Ministries IncPO BOX 209, Keller, TX 76244-0209TX2000-08$4,061,520
8Newman International Academy4603 Enchanted Bay Blvd, Arlington, TX 76016TX2008-02$3,624,885
9Investment & Research In Education IncC/O Bdo Usa Llp 333 Clay Street, Houston, TX 77002TX2014-02$3,056,418
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11Simple Truth Ministries Of America Inc1150 Lakeway Dr Suite 207, Austin, TX 78734TX2003-05$1,981,538
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17Texas International Bible Institute1502 Avenue I, South Houston, TX 77587-4648TX2005-08$1,191,018
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Number of organizations performing similar types of work
Alaska123
Alabama839
Arkansas515
Arizona797
California6,530
Colorado1,017
Connecticut420
District of Columbia159
Delaware207
Florida4,469
Georgia2,559
Hawaii202
Iowa270
Idaho164
Illinois1,775
Indiana1,058
Kansas357
Kentucky558
Louisiana777
Massachusetts595
Maryland1,424
Maine90
Michigan1,190
Minnesota592
Missouri1,094
Mississippi537
Montana124
North Carolina2,056
North Dakota46
Nebraska158
New Hampshire96
New Jersey1,207
New Mexico278
Nevada356
New York2,346
Ohio1,480
Oklahoma880
Oregon520
Pennsylvania1,447
Rhode Island78
South Carolina902
South Dakota96
Tennessee1,250
Texas5,720
Utah152
Virginia1,293
Vermont41
Washington818
Wisconsin528
West Virginia178
Wyoming71
International78
Total50,517

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