Civic Intelligence

Christ Embassy

EIN 45-5065379 • 501(c)3 • Lewisville, TX

Profile

Christ Embassy Dallas is a place where lives are given a meaning. We are a part of the global vision of Pastor Chris Oyakhilome and the Believers LoveWorld Ministries. We have been serving the DFW metroplex since 2006. When you worship with us at Christ Embassy Dallas you learn more than just the letter of the word, you experience the ministry of the Holy Spirit. At Christ Embassy Dallas, we take you on a journey through the word of God that enlightens and uplifts your spirit. We unravel to you the message of the Gospel and new creation realities in ways that you will easily comprehend. Our Mission at Christ Embassy Dallas is to bring all men to the place of their inheritance in Christ. Join us today!

1521 Merryvale CTLewisville, TX 75067-3255
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.12x

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

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.03x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

24%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$113,474

Up $21,279 (+23%) from 2021

Liabilities

Down

$13,793

Down $3,867 (-22%) from 2021

Net Assets

Up

$99,681

Up $25,146 (+34%) from 2021

Operations
Liabilities / Revenue55th percentileNet Margin74th percentile

Revenue

Up

$528,118

Up $102,341 (+24%) from 2021

Expenses

Up

$417,646

Up $66,404 (+19%) from 2021

Net Income

Up

$110,472

Up $35,937 (+48%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2021: $92,195Liabilities 2021: $17,660Net Assets 2021: $74,5352021Assets 2022: $113,474Liabilities 2022: $13,793Net Assets 2022: $99,6812022

Highlighted filing

2022

Assets$113,474
Liabilities$13,793
Net Assets$99,681
Open 2022 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2021: $425,777Expenses 2021: $351,242Net Income 2021: $74,5352021Revenue 2022: $528,118Expenses 2022: $417,646Net Income 2022: $110,4722022

Highlighted filing

2022

Revenue$528,118
Expenses$417,646
Net Income$110,472
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,474
Liabilities
$13,793
Net assets
$99,681
Revenue
$528,118
Expenses
$417,646
Net income
$110,472
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.14$1.00$5.28$4.18$1.10
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.18$0.75$4.26$3.51$0.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 1, 2023
Return Version
2022v5.0
Gross Receipts
$528,118
Mission and Program Overview

Mission

Christ Embassy Dallas is a place where lives are given a meaning. We are a part of the global vision of Pastor Chris Oyakhilome and the Believers LoveWorld Ministries. We have been serving the DFW metroplex since 2006. When you worship with us at Christ Embassy Dallas you learn more than just the letter of the word, you experience the ministry of the Holy Spirit. At Christ Embassy Dallas, we take you on a journey through the word of God that enlightens and uplifts your spirit. We unravel to you the message of the Gospel and new creation realities in ways that you will easily comprehend. Our Mission at Christ Embassy Dallas is to bring all men to the place of their inheritance in Christ. Join us today!

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$74,535$99,681▲ $25,146
Pledges and Grants Receivable$70,963$75,600▲ $4,637
Cash and Non-Interest-Bearing Accounts$21,232$37,874▲ $16,642
Accounts Receivable$0--
Total Assets$92,195$113,474▲ $21,279
Liabilities
Accounts Payable and Accrued Expenses$17,660$13,793▼ $3,867
Deferred Revenue$0--
Total Liabilities$17,660$13,793▼ $3,867
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0--
Total Net Assets Fund Balance$74,535$99,681▲ $25,146
Total Liabilities and Net Assets / Fund Balance$92,195$113,474▲ $21,279
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Olusoji OjerindePastor
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$528,118
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$110,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$258,134
Other Expenses$25,512
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$258,134--$258,134
Benefits to Members$134,000--$134,000
Office Expenses$0$5,345-$5,345
Advertising-$4,323$0$4,323
Depreciation Depletion$4,103--$4,103
Travel$2,304$0-$2,304
Other Expenses$0$1,807-$1,807
Total Functional Expenses$398,541$12,183$0$410,016
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 19

“Church Board Meetings and Committee Meetings”

Part VI, Line 1A

“Church Board Meetings and Committee Meetings”

Part VI, Line 8A

“Church Board Meetings and Committee Meetings”

Filing and Contact Details

Filer

Filer Name
Christ Embassy
EIN
45-5065379
Phone
4692698452
Address
1521 MERRYVALE CT, LEWISVILLE, TX 75067-3255

Signing Officer

Name
Olusoji Ojerinde
Title
Pastor
Phone
4692698452
Signed
2023-04-01

Organization Details

Principal Officer
Olusoji Ojerinde
Formed
2021
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
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ReturnHeader/Filer/EIN0455065379
ReturnHeader/Filer/PhoneNum04692698452
ReturnHeader/Filer/USAddress/AddressLine1Txt01521 MERRYVALE CT
ReturnHeader/Filer/USAddress/CityNm0LEWISVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0750673255
ReturnHeader/ReturnTs02023-04-01T08:26:40Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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