Civic Intelligence

Faith Tabernacle Ministries Inc.

990 • Fiscal year 2022 • EIN 38-4038914

Jan 01, 2022 to Dec 31, 2022 • Filed on Jan 18, 2024

10167 Memorial BlvdPort Arthur, TX 77640

(361) 446-1154

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.90x

Higher debt load relative to assets than 1% of similar nonprofits.

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

Liabilities / Revenue

1st percentile

-0.69x

Higher debt load relative to revenue than 1% of similar nonprofits.

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

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

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

Top Officer Pay

99th percentile

$132,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 46.2% of source-year revenue.

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

Asset Growth

16th percentile

-29%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

79th percentile

73%

Faster revenue growth than 79% of similar nonprofits.

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

Assets

Down

$217,905

Down $91,086 (-29%) from 2021

Net Assets

Up

$414,240

Up $140,712 (+51%) from 2021

Liabilities

Down

-$196,335

Down $231,798 (-654%) from 2021

Revenue

Up

$285,679

Up $120,529 (+73%) from 2021

Expenses

Down

$144,967

Down $128,674 (-47%) from 2021

Net Income

Up

$140,712

Up $249,203 (+230%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2018: $399,089Liabilities 2018: $0Net Assets 2018: $399,0892018Assets 2019: $553,468Liabilities 2019: $233,117Net Assets 2019: $320,3512019Assets 2020: $481,776Liabilities 2020: $99,757Net Assets 2020: $382,0192020Assets 2021: $308,991Liabilities 2021: $35,463Net Assets 2021: $273,5282021Assets 2022: $217,905Liabilities 2022: -$196,335Net Assets 2022: $414,2402022Assets 2023: $249,845Liabilities 2023: -$159,580Net Assets 2023: $409,4252023

Highlighted filing

2022

Assets$217,905
Liabilities-$196,335
Net Assets$414,240

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $352Expenses 2018: $57,256Net Income 2018: -$56,9042018Revenue 2019: $206,023Expenses 2019: $195,133Net Income 2019: $10,8902019Revenue 2020: $139,400Expenses 2020: $77,732Net Income 2020: $61,6682020Revenue 2021: $165,150Expenses 2021: $273,641Net Income 2021: -$108,4912021Revenue 2022: $285,679Expenses 2022: $144,967Net Income 2022: $140,7122022Revenue 2023: $563,875Expenses 2023: $347,953Net Income 2023: $215,9222023

Highlighted filing

2022

Revenue$285,679
Expenses$144,967
Net Income$140,712
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 18, 2024
Return Version
2022v5.0
Gross Receipts
$285,679
Mission and Program Overview

Mission

None

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$286,899$135,000▼ $151,899
Cash and Non-Interest-Bearing Accounts$22,092$82,905▲ $60,813
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$308,991$217,905▼ $91,086
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Accounts Payable and Accrued Expenses$35,463$-196,335▼ $231,798
Total Liabilities$35,463$-196,335▼ $231,798
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$273,528$414,240▲ $140,712
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$273,528$414,240▲ $140,712
Total Liabilities and Net Assets / Fund Balance$308,991$217,905▼ $91,086

Asset Categories

AssetBook ValueDepreciationBasis
Land$95,000--
Equipment$40,000$5,000-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kaleb RuleDirectorFT$132,000$132,000
Revenue and Support

Revenue Composition

Contributions and Grants
$285,679
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$285,679
Change in Net Assets
$140,712

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,679
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$285,679
Total Revenue per Form 990
$285,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$132,000
Other Expenses$12,967
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$0$0$132,000
Office Expenses$0$0$0$6,434
Travel$0$0$0$4,324
Information Technology$0$0$0$2,010
Fees for Services Legal$0$0$0$199
Total Functional Expenses$0$0$0$144,967

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$144,967
Total Expenses per Audited Statements$144,967
Total Expenses per Form 990$144,967
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VII General

| Explanation:| Compensation to Officer

Filing and Contact Details

Filer

Filer Name
Faith Tabernacle Ministries
EIN
38-4038914
In Care Of
% Kristin Rule
Phone
3614461154
Address
10167 Memorial Blvd, Port Arthur, TX 77640

Signing Officer

Name
Kristin Rule
Title
Secretary
Signed
2024-01-18

Organization Details

Formed
2017
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
8
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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Kristin Rule
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt00
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt40
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0165150
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0216141
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-108491
IRS990/PYSalariesCompEmpBnftPaidAmt057500
IRS990/PYTotalExpensesAmt0273641
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0165150
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0140712
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ReservesMaintainedAmt00
IRS990/RevenueAmt02000

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