Civic Intelligence

Kingdom Project 7 Billion

990 • Fiscal year 2016 • EIN 47-1529392

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

234 Pine StAbilene, TX 79601

(325) 673-6736

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

46th percentile

1.4%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

91st percentile

$46,731

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

52nd percentile

2.6%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

25%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$302,427

Up $7,521 (+2.6%) from 2015

Net Assets

$296,834

No earlier filing loaded for comparison.

Liabilities

Up

$5,593

Up $3,733 (+201%) from 2015

Revenue

Up

$266,756

Up $54,179 (+25%) from 2015

Expenses

Up

$262,968

Up $101,340 (+63%) from 2015

Net Income

Down

$3,788

Down $47,161 (-93%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2015: $294,906Liabilities 2015: $1,8602015Assets 2016: $302,427Liabilities 2016: $5,593Net Assets 2016: $296,8342016Assets 2017: $288,277Liabilities 2017: $4,677Net Assets 2017: $283,6002017Assets 2018: $272,398Liabilities 2018: $4,069Net Assets 2018: $268,3292018Assets 2019: $254,491Liabilities 2019: $2,728Net Assets 2019: $251,7632019Assets 2020: $221,928Liabilities 2020: $2,984Net Assets 2020: $218,9442020Assets 2021: $212,535Liabilities 2021: $3,155Net Assets 2021: $209,3802021Assets 2022: $203,862Liabilities 2022: $7,728Net Assets 2022: $196,1342022Assets 2023: $212,924Liabilities 2023: $6822023Assets 2024: $194,098Liabilities 2024: $0Net Assets 2024: $194,0982024

Highlighted filing

2016

Assets$302,427
Liabilities$5,593
Net Assets$296,834

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $212,577Expenses 2015: $161,628Net Income 2015: $50,9492015Revenue 2016: $266,756Expenses 2016: $262,968Net Income 2016: $3,7882016Revenue 2017: $277,859Expenses 2017: $291,093Net Income 2017: -$13,2342017Revenue 2018: $286,554Expenses 2018: $301,825Net Income 2018: -$15,2712018Revenue 2019: $231,799Expenses 2019: $248,365Net Income 2019: -$16,5662019Revenue 2020: $201,743Expenses 2020: $234,562Net Income 2020: -$32,8192020Revenue 2021: $241,895Expenses 2021: $251,460Net Income 2021: -$9,5652021Revenue 2022: $227,468Expenses 2022: $240,714Net Income 2022: -$13,2462022Revenue 2023: $279,395Expenses 2023: $263,287Net Income 2023: $16,1082023Revenue 2024: $212,426Expenses 2024: $230,570Net Income 2024: -$18,1442024

Highlighted filing

2016

Revenue$266,756
Expenses$262,968
Net Income$3,788
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$269,799
Mission and Program Overview

Mission

Offering the love of Jesus to every person on earth through innovative creativity and art.

Religious outreach through prophetic art

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$269,014$263,300▼ $5,714
Pd in Cap Srpls Land Bldg Eqp Fund$250,301$250,301→ $0
Rtn Earn Endowment Incm Other Fnds$42,745$46,533▲ $3,788
Inventories for Sale or Use$24,280$35,892▲ $11,612
Cash and Non-Interest-Bearing Accounts$1,512$3,159▲ $1,647
Receivables From Officers Etc$100$76▼ $24
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$294,906$302,427▲ $7,521
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,860$5,593▲ $3,733
Total Liabilities$1,860$5,593▲ $3,733
Net Assets / Fund Balance
Total Net Assets Fund Balance$293,046$296,834▲ $3,788
Total Liabilities and Net Assets / Fund Balance$294,906$302,427▲ $7,521

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$241,908$14,169$256,077
Other Land Buildings$10,155$10,486$20,641
Equipment$11,237$7,776$19,013
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shane BowenDirectorFT$46,731$46,731
Laura JacobsSecretaryPT$42,810$42,810

Board Members and Trustees

NameTitle
Latimer BowenPresident
David BlackVice President
Amy BlackDirector
Ashley BowenDirector
Bryce FooterDirector
Watson BowenDirector
Hobby StevensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,473
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,283
All Other Contributions
$262,473
Change in Net Assets
$3,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$147,034
Other Expenses$115,934
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-$89,541-$89,541
Other Salaries and Wages-$45,136-$45,136
All Other Expenses-$18,117-$18,117
Depreciation Depletion-$15,967-$15,967
Payroll Taxes-$12,357-$12,357
Fees for Services Accounting-$8,974-$8,974
Other Expenses-$4,234-$4,234
Insurance-$4,024-$4,024
Office Expenses-$3,102-$3,102
Travel-$1,452-$1,452
Total Functional Expenses$0$262,968$0$262,968
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$100$76▼ $24
Receivables from Disqualified Persons-$0-
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 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

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Shane Bowen, Ashley Bowen and Watson Bowen are childen of Latimer Bowen, President

Form 990, Part VI, Line 11B: Form 990 Review Process

Accounting records are compiled by, and tax return is prepared by an outside public accounting firm. Treasurer reviewed tax return prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All corporate documents, governing documents, financial statements, and conflict of interest policies are available for inspection at either the corporate offices or the accounting firm's offices in Abilene, TX

Filing and Contact Details

Filer

Filer Name
Kingdom Project 7 Billion
EIN
47-1529392
Phone
3256736736
Address
234 Pine St, Abilene, TX 79601

Signing Officer

Name
Hobby Stevens
Title
Treasurer
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Latimer Bowen
Formed
2014
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
13

Preparer

Firm
Ray & Company PC
Address
PO Box 2936, Abilene, TX 79604-2936
Preparer
R L Hobby Stevens
Phone
3256736736
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IRS990/ReconcilationRevenueExpnssAmt03788
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt046533
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt018426
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014169
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010486
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Shane Bowen, Ashley Bowen and Watson Bowen are childen of Latimer Bowen, President
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Accounting records are compiled by, and tax return is prepared by an outside public accounting firm. Treasurer reviewed tax return prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All corporate documents, governing documents, financial statements, and conflict of interest policies are available for inspection at either the corporate offices or the accounting firm's offices in Abilene, TX
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 2894
IRS990/USAddress/CityNm0Abilene
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079604

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