Civic Intelligence

Freeway Ministries Inc

990 • Fiscal year 2020 • EIN 46-0967360

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

PO Box 8655Springfield, MO 65801-8655

(417) 459-8372

Siviq Scores

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

Liabilities / Assets

76th percentile

0.39x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

64th percentile

14%

Faster asset growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

44%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,165,061

Up $257,903 (+14%) from 2019

Net Assets

Up

$1,327,200

Up $291,905 (+28%) from 2019

Liabilities

Down

$837,861

Down $34,002 (-3.9%) from 2019

Revenue

Up

$697,712

Up $212,774 (+44%) from 2019

Expenses

Down

$440,628

Down $81,272 (-16%) from 2019

Net Income

Up

$257,084

Up $294,046 (+796%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $39,193Liabilities 2012: $0Net Assets 2012: $39,1932012Assets 2013: $33,642Liabilities 2013: $0Net Assets 2013: $33,6422013Assets 2014: $145,946Liabilities 2014: $0Net Assets 2014: $145,9462014Assets 2015: $304,569Liabilities 2015: $0Net Assets 2015: $304,5692015Assets 2016: $301,251Liabilities 2016: $4,386Net Assets 2016: $296,8652016Assets 2017: $606,545Liabilities 2017: $0Net Assets 2017: $606,5452017Assets 2018: $1,588,314Liabilities 2018: $913,869Net Assets 2018: $674,4452018Assets 2019: $1,907,158Liabilities 2019: $871,863Net Assets 2019: $1,035,2952019Assets 2020: $2,165,061Liabilities 2020: $837,861Net Assets 2020: $1,327,2002020Assets 2021: $2,758,816Liabilities 2021: $236,269Net Assets 2021: $2,522,5472021Assets 2022: $2,976,299Liabilities 2022: $175,496Net Assets 2022: $2,800,8032022Assets 2023: $2,353,092Liabilities 2023: $233,430Net Assets 2023: $2,119,6622023Assets 2024: $4,285,911Liabilities 2024: $194,292Net Assets 2024: $4,091,6192024

Highlighted filing

2020

Assets$2,165,061
Liabilities$837,861
Net Assets$1,327,200

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $68,253Expenses 2012: $29,060Net Income 2012: $39,1932012Revenue 2013: $83,936Expenses 2013: $89,487Net Income 2013: -$5,5512013Revenue 2014: $206,697Expenses 2014: $124,361Net Income 2014: $82,3362014Revenue 2015: $324,072Expenses 2015: $165,449Net Income 2015: $158,6232015Revenue 2016: $210,084Expenses 2016: $217,788Net Income 2016: -$7,7042016Revenue 2017: $654,096Expenses 2017: $356,713Net Income 2017: $297,3832017Revenue 2018: $482,511Expenses 2018: $397,407Net Income 2018: $85,1042018Revenue 2019: $484,938Expenses 2019: $521,900Net Income 2019: -$36,9622019Revenue 2020: $697,712Expenses 2020: $440,628Net Income 2020: $257,0842020Revenue 2021: $1,806,867Expenses 2021: $611,520Net Income 2021: $1,195,3472021Revenue 2022: $1,007,672Expenses 2022: $777,128Net Income 2022: $230,5442022Revenue 2023: $1,685,278Expenses 2023: $1,464,485Net Income 2023: $220,7932023Revenue 2024: $2,523,620Expenses 2024: $1,438,528Net Income 2024: $1,085,0922024

Highlighted filing

2020

Revenue$697,712
Expenses$440,628
Net Income$257,084
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$697,712
Mission and Program Overview

Mission

To offer discipleship houses to enable individuals to get back on their feet and find a job, if needed. Help individuals learn to budget so they are able to make it on their own.

Sharing the gospel and reach out to hard to reach with programs and services to help mend one broken life at a time. Freeway offers discipleship houses to enable men and women to learn essential life skills, mend broken relationships, and become productive members of society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,773,470$1,751,241▼ $22,229
Cash and Non-Interest-Bearing Accounts$133,688$413,820▲ $280,132
Total Assets$1,907,158$2,165,061▲ $257,903
Liabilities
Mortgage Notes Payable Secured by Investment Property$858,688$827,184▼ $31,504
Other Liabilities$13,175$10,677▼ $2,498
Total Liabilities$871,863$837,861▼ $34,002
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,035,295$1,327,200▲ $291,905
Total Net Assets Fund Balance$1,035,295$1,327,200▲ $291,905
Total Liabilities and Net Assets / Fund Balance$1,907,158$2,165,061▲ $257,903

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,732,177$108,532$1,840,709
Equipment$19,064$50,187$69,251
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael AyePresident
Aaron McguireMember
Brandon TaylorMember
Peggy DavisMember
Sonya M AndersonMember
Kenny HaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$633,242
Investment Income
$334
Other Revenue
$64,136
Change in Net Assets
$257,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,840
Salaries, Compensation, and Employee Benefits$152,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,183--$130,183
All Other Expenses$68,833--$68,833
Depreciation Depletion$67,855--$67,855
Other Expenses$52,672--$52,672
Occupancy$37,699--$37,699
Insurance$27,579--$27,579
Payroll Taxes$15,982--$15,982
Other Employee Benefits$6,623--$6,623
Advertising$4,196--$4,196
Information Technology$3,875--$3,875
Office Expenses$3,875--$3,875
Fees for Services Accounting$1,650--$1,650
Total Functional Expenses$440,628$0$0$440,628
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Aaron McguireBoard MemberCounseling Services Provided to OrganizationNo$1,110
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Liability$10,677
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Organization has board members who make decisions for organization.

Member election for additional members Part VI line 7A

Board members elect new members to board as needed based on current members leaving organization.

Governing body decisions Part VI line 7B

Members of the board make decisions regarding the direction of the organization to comply with their non profit vision

Form 990 governing body review Part VI line 11

Board members review 990 before filing.

Conflict of interest policy compliance Part VI line 12C

Freeway ministries maintains a conflict of interest policy to avoid issues with another business.

CEO executive director top management comp Part VI line 15A

Salary for officer is approved by board annually and his compensation package is evaluated.

Other officer or key employee compensation Part VI line 15B

Officer compensation is determined by board and approved annually

Governing documents etc available to public Part VI line 19

Organization made documents available to public upon request

Filing and Contact Details

Filer

Filer Name
Freeway Ministries Inc
EIN
46-0967360
Address
PO BOX 8655, SPRINGFIELD, MO 65801-8655

Signing Officer

Name
Kenny Hale
Title
Treasurer
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
99

Preparer

Firm
Tackett and Tackett Inc
Address
PO BOX 86, Marshfield, MO 65706
Preparer
John R Tackett Jr
Phone
4174685922
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Loan balance adjustment from prior year

List of other expenses Part IX line 24E

Other expenses are expenses to run non profit that are not individually listed previously on return

Balance Sheet Part X

Restricted funds are for a building to be purchased

Raw XML Appendix385 raw XML fields

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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IRS990ScheduleD/EquipmentGrp/BookValueAmt019064
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050187
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt069251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010677
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS BOARD MEMBERS WHO MAKE DECISIONS FOR ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ELECT NEW MEMBERS TO BOARD AS NEEDED BASED ON CURRENT MEMBERS LEAVING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD MAKE DECISIONS REGARDING THE DIRECTION OF THE ORGANIZATION TO COMPLY WITH THEIR NON PROFIT VISION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS REVIEW 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FREEWAY MINISTRIES MAINTAINS A CONFLICT OF INTEREST POLICY TO AVOID ISSUES WITH ANOTHER BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARY FOR OFFICER IS APPROVED BY BOARD ANNUALLY AND HIS COMPENSATION PACKAGE IS EVALUATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICER COMPENSATION IS DETERMINED BY BOARD AND APPROVED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ORGANIZATION MADE DOCUMENTS AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LOAN BALANCE ADJUSTMENT FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER EXPENSES ARE EXPENSES TO RUN NON PROFIT THAT ARE NOT INDIVIDUALLY LISTED PREVIOUSLY ON RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10RESTRICTED FUNDS ARE FOR A BUILDING TO BE PURCHASED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Balance Sheet Part X
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0440628
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IRS990/TotalLiabilitiesGrp/BOYAmt0871863
IRS990/TotalLiabilitiesGrp/EOYAmt0837861
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01035295
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01327200
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0440628
IRS990/TotalProgramServiceRevenueAmt0633242
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0697712
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01907158
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0FREEWAY-MINISTRIES.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNY HALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEWAY MINISTRIES INC
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0460967360
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8655
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd0658018655
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273778656
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TACKETT AND TACKETT INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 86
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marshfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd065706
ReturnHeader/PreparerPersonGrp/PhoneNum04174685922
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN R TACKETT JR
ReturnHeader/ReturnTs02021-11-15T10:38:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KENNY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HALE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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