Very Bold Ministries Inc in San Antonio, Texas (TX)
Table of contents:
| Very Bold Ministries Inc | |
| Employer Identification Number (EIN) | 742982652 |
| Name of Organization | Very Bold Ministries Inc |
| In Care of Name | Steven Lloyd Teel |
| Address | 2806 Redsky Hl, San Antonio, TX 78259-3520 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2001 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - 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 |
Non-representatives - add comments:
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% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | |||
| 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 | $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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tl Lowery Global Foundation | PO BOX 2550, Cleveland, TN 37320-2550 | TN | 2005-01 | $507,025 |
| 2 | Relevance | 3440 Nw Covey Run Rd, Corvallis, OR 97330-3155 | OR | 2006-06 | $303,047 |
| 3 | Warrior At Heart Ministry Inc | PO BOX 1511, Grand Jct, CO 81502-1511 | CO | 2007-09 | $87,472 |
| 4 | Glorieta 2-0 Inc | 6424 Hackberry Rd, Rocksprings, TX 78880-3024 | TX | 2013-08 | $6,082,372 |
| 5 | Unlimited Faith Inc, Immanuels Nursing Center | 4515 Village Creek Rd, Fort Worth, TX 76119-4158 | TX | 2004-02 | $4,566,803 |
| 6 | Mission To Unreached Peoples | Po Box 860548, Plano, TX 75086 | TX | 2011-07 | $4,381,925 |
| 7 | Sower Of Seeds International Ministries Inc | PO BOX 209, Keller, TX 76244-0209 | TX | 2000-08 | $4,061,520 |
| 8 | Newman International Academy | 4603 Enchanted Bay Blvd, Arlington, TX 76016 | TX | 2008-02 | $3,624,885 |
| 9 | Investment & Research In Education Inc | C/O Bdo Usa Llp 333 Clay Street, Houston, TX 77002 | TX | 2014-02 | $3,056,418 |
| 10 | Texas Theological Foundation | 10200 Richmond Avenue, Houston, TX 77042-4140 | TX | 2007-01 | $2,601,055 |
| 11 | Simple Truth Ministries Of America Inc | 1150 Lakeway Dr Suite 207, Austin, TX 78734 | TX | 2003-05 | $1,981,538 |
| 12 | Worldview Academy | 1010 W Texas Ave, Midland, TX 79701-6170 | TX | 2014-06 | $1,786,430 |
| 13 | Vineyard Music Group Incorporated | 3727 Greenbriar Dr Ste 119, Stafford, TX 77477-3929 | TX | 1995-08 | $1,706,670 |
| 14 | Aleluya Broadcasting Network | 1600 Pasadena Blvd, Pasadena, TX 77502-2404 | TX | 2010-02 | $1,452,342 |
| 15 | Davar Partners International | 6300 Bridgepoint Pkwy Bldg One Ste, Austin, TX 78730-5073 | TX | 2011-01 | $1,450,638 |
| 16 | Renew Ministries | 2240 Fm 725, New Braunfels, TX 78130-9506 | TX | 2007-05 | $1,214,559 |
| 17 | Texas International Bible Institute | 1502 Avenue I, South Houston, TX 77587-4648 | TX | 2005-08 | $1,191,018 |
| 18 | For All Mankind Movement Inc | 3195 Dowlen Rd Ste 101346, Beaumont, TX 77706-7271 | TX | 2013-12 | $1,121,812 |
| 19 | Sky Ranch At Ute Trail Inc | 24657 County Road 448, Van, TX 75790-4723 | TX | 2005-10 | $1,081,069 |
| 20 | Rock The Dessert 2002 Inc | PO BOX 61377, Midland, TX 79711-1377 | TX | 2002-04 | $1,064,958 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 50,517 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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