Civic Intelligence

Ministry Development Network

990 • Fiscal year 2022 • EIN 31-0781982

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

1840 Westchester Blvd Ste 204Westchester, IL 60154

(708) 343-6268

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

47th percentile

2.8%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

97th percentile

$86,729

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

54th percentile

3.4%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-15%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$194,041

Up $6,466 (+3.4%) from 2021

Net Assets

Up

$190,025

Up $12,817 (+7.2%) from 2021

Liabilities

Down

$4,016

Down $6,351 (-61%) from 2021

Revenue

Down

$450,778

Down $78,442 (-15%) from 2021

Expenses

Up

$437,961

Up $25,169 (+6.1%) from 2021

Net Income

Down

$12,817

Down $103,611 (-89%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2014: $74,480Liabilities 2014: $8,359Net Assets 2014: $66,1212014Assets 2015: $49,854Liabilities 2015: $14,731Net Assets 2015: $35,1232015Assets 2016: $61,768Liabilities 2016: $8,942Net Assets 2016: $52,8262016Assets 2017: $45,128Liabilities 2017: $11,182Net Assets 2017: $33,9462017Assets 2018: $54,707Liabilities 2018: $16,027Net Assets 2018: $38,6802018Assets 2019: $76,520Liabilities 2019: $17,167Net Assets 2019: $59,3532019Assets 2020: $133,359Liabilities 2020: $72,624Net Assets 2020: $60,7352020Assets 2021: $187,575Liabilities 2021: $10,367Net Assets 2021: $177,2082021Assets 2022: $194,041Liabilities 2022: $4,016Net Assets 2022: $190,0252022Assets 2023: $159,656Liabilities 2023: $526Net Assets 2023: $159,1302023Assets 2024: $160,693Liabilities 2024: $26,437Net Assets 2024: $134,2562024

Highlighted filing

2022

Assets$194,041
Liabilities$4,016
Net Assets$190,025

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2014: $612,227Expenses 2014: $637,122Net Income 2014: -$24,8952014Revenue 2015: $524,072Expenses 2015: $555,070Net Income 2015: -$30,9982015Revenue 2016: $523,110Expenses 2016: $505,407Net Income 2016: $17,7032016Revenue 2017: $476,039Expenses 2017: $494,919Net Income 2017: -$18,8802017Revenue 2018: $482,408Expenses 2018: $477,674Net Income 2018: $4,7342018Revenue 2019: $529,470Expenses 2019: $508,877Net Income 2019: $20,5932019Revenue 2020: $446,457Expenses 2020: $445,075Net Income 2020: $1,3822020Revenue 2021: $529,220Expenses 2021: $412,792Net Income 2021: $116,4282021Revenue 2022: $450,778Expenses 2022: $437,961Net Income 2022: $12,8172022Revenue 2023: $434,454Expenses 2023: $444,714Net Income 2023: -$10,2602023Revenue 2024: $411,448Expenses 2024: $436,322Net Income 2024: -$24,8742024

Highlighted filing

2022

Revenue$450,778
Expenses$437,961
Net Income$12,817
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$450,778
Mission and Program Overview

Mission

Ministry development network is a church controlled agency organized to provide career counseling and psychological assessments for ordained clergy, candidates for the ministry and members of religious orders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$177,208$190,025▲ $12,817
Savings and Temporary Cash Investments$117,757$103,277▼ $14,480
Accounts Receivable$37,360$41,624▲ $4,264
Cash and Non-Interest-Bearing Accounts$30,124$32,898▲ $2,774
Prepaid Expenses and Deferred Charges-$14,084-
Land, Buildings, and Equipment, Net$702$526▼ $176
Total Assets$187,575$194,041▲ $6,466
Other Assets Total$1,632$1,632→ $0
Liabilities
Deferred Revenue$4,853--
Accounts Payable and Accrued Expenses$5,514$4,016▼ $1,498
Total Liabilities$10,367$4,016▼ $6,351
Net Assets / Fund Balance
Total Net Assets Fund Balance$177,208$190,025▲ $12,817
Total Liabilities and Net Assets / Fund Balance$187,575$194,041▲ $6,466

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$526$25,150$25,676
Other Assets Org$1,632--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Margo M R StoneExecutive DirectorPT$86,729$86,729
Revenue and Support

Revenue Composition

Contributions and Grants
$1,645
Program Service Revenue
$449,116
Investment Income
$17
Other Revenue
$0
All Other Contributions
$1,645
Change in Net Assets
$12,817

Audited Revenue Reconciliation

Revenue per Audited Statements
$450,778
Total Revenue per Audited Statements
$450,778
Total Revenue per Form 990
$450,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$225,618
Other Expenses$212,343
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,053$16,937-$106,990
Current Officers, Directors, Trustees, and Key Employees$43,365$43,364-$86,729
Fees for Services Other$75,033--$75,033
Occupancy$42,401--$42,401
Office Expenses$36,069--$36,069
Pension Plan Contributions$15,107$5,758-$20,865
Fees for Services Management$16,500--$16,500
Payroll Taxes$7,986$3,048-$11,034
Fees for Services Accounting-$9,065-$9,065
Insurance$5,043--$5,043
Travel$2,354--$2,354
Other Expenses$2,224--$2,224
Advertising$707--$707
Depreciation Depletion$176--$176
Interest$56--$56
Total Functional Expenses$359,789$78,172$0$437,961

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$437,961
Total Expenses per Audited Statements$437,961
Total Expenses per Form 990$437,961
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The board of directors meet in may and november of each year. The return is not complete at the time of the may meeting and is filed by the november meeting. The return is reviewed by the executive director and the outside auditor at the time of the annual audit. The board of directors meets in may and november of each year. The return is not complete at the time of the may meeting and is filed by the november meeting. The return is reviewed by the executive director and the outside auditor at the time of the annual audit.

CEO executive director top management comp Part VI line 15A

Each year in november the board meets and determines increases based on available funds

Other officer or key employee compensation Part VI line 15B

The board determines increased based on available funds

Governing documents etc available to public Part VI line 19

All are provided upon request all available upon request

Filing and Contact Details

Filer

Filer Name
Ministry Development Network
EIN
31-0781982
Address
1840 WESTCHESTER BLVD STE 204, Westchester, IL 60154

Signing Officer

Name
Margo M R Stone
Title
Executive Direc
Phone
7083436268
Signed
2023-11-07
Discuss with paid preparer
No

Organization Details

Formed
1969
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
4

Preparer

Firm
Hunter Tax Services Inc
Address
200 E Evergreen Ave Suite 120, Mount Prospect, IL 60056
Preparer
Laura Brichetto RTRP
Phone
8472590030
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Fees paid to contractors as outside counselors and psychologists

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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