Civic Intelligence

Explore Ministries Inc.

990 • Fiscal year 2021 • EIN 47-1696560

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

1901 Napa ValleyLittle Rock, AR 72212

(501) 766-0115

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

70th percentile

25%

Higher net margin than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$219,177

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 56.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

82nd percentile

55%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

116%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$277,224

Up $98,915 (+55%) from 2020

Net Assets

Up

$277,176

Up $98,867 (+55%) from 2020

Liabilities

$48

No earlier filing loaded for comparison.

Revenue

Up

$391,177

Up $210,487 (+116%) from 2020

Expenses

Up

$292,310

Up $289,674 (+10989%) from 2020

Net Income

Down

$98,867

Down $79,187 (-44%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $22,524Liabilities 2014: $02014Assets 2020: $178,309Net Assets 2020: $178,3092020Assets 2021: $277,224Liabilities 2021: $48Net Assets 2021: $277,1762021Assets 2023: $379,751Liabilities 2023: $0Net Assets 2023: $379,7512023Assets 2024: $433,348Liabilities 2024: $0Net Assets 2024: $433,3482024

Highlighted filing

2021

Assets$277,224
Liabilities$48
Net Assets$277,176

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2014: $30,278Expenses 2014: $7,751Net Income 2014: $22,5272014Revenue 2020: $180,690Expenses 2020: $2,636Net Income 2020: $178,0542020Revenue 2021: $391,177Expenses 2021: $292,310Net Income 2021: $98,8672021Revenue 2023: $340,878Expenses 2023: $310,855Net Income 2023: $30,0232023Revenue 2024: $371,189Expenses 2024: $317,592Net Income 2024: $53,5972024

Highlighted filing

2021

Revenue$391,177
Expenses$292,310
Net Income$98,867
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$391,177
Mission and Program Overview

Mission

To create safe, comfortable places for people in Central Arkansas to engage in meaningful conversations about the big questions of life and God and to equip people to do the same through forums, small groups, and one on one discussions.

To create safe, comfortable places for people in Central Arkansas to engage in meaningful conversations about the big questions of life and God and to equip people to do the same.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$178,309$277,224▲ $98,915
Rtn Earn Endowment Incm Other Fnds$178,309$277,176▲ $98,867
Total Assets$178,309$277,224▲ $98,915
Liabilities
Accounts Payable and Accrued Expenses-$48-
Total Liabilities$0$48▲ $48
Net Assets / Fund Balance
Total Net Assets Fund Balance$178,309$277,176▲ $98,867
Total Liabilities and Net Assets / Fund Balance$178,309$277,224▲ $98,915
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randy LikensExecutive DirectorFT$147,983$71,194$219,177

Board Members and Trustees

NameTitle
John DeneryFinance Director
Trevor HolbertFinance Director
Revenue and Support

Revenue Composition

Contributions and Grants
$391,177
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$391,177
Change in Net Assets
$98,867

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$279,866
Other Expenses$12,444
Total Fundraising Expense$2,183
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$219,177--$219,177
Other Employee Benefits$48,657--$48,657
Payroll Taxes$12,032--$12,032
Office Expenses$2,209$4,580-$6,789
Conferences and Meetings$3,468$4$2,183$5,655
Total Functional Expenses$285,543$4,584$2,183$292,310
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
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
Yes
Other officer compensation reviewed
Yes
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, SECTION A, LINE 8A

Minutes recorded from meetings and some executive decisions voted by email proxy.

Part VI, Section B, Line 11

Copy of Form 990 are made avaiable at requests. Monthly financial reports are provided to the executive finance committee and management.

PART VI, SECTION B, LINE 15A

The executive finance committee reviewed and approved the compensation of the employee. Part of the evaluation of compensation was based on wages paid by another comparable national organization called Search.

PART VI, SECTION B, LINE 15B

The executive finance committee reviewed and approved the compensation of the employee. Part of the evaluation of compensation was based on wages paid by another comparable national organization called Search.

Part VI, Section C, Line 19

Requests for policies, documentation, reports and filings are made available upon request by written request through email or mail and/or verbal request by telephone.

Part VII, Column B, Hours Per Week

Randy handles all management, office administration, program development, discipleship and training, forum leading and relationship builidng for the organization. He manages both the operational and missional integrity of the organization soley.

PART VI, SECTION B, LINE 12C

1. Duty to Disclose In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. 2. Determining Whether a Conflict of Interest Exists After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.

Filing and Contact Details

Filer

Filer Name
Explore Ministries Inc
EIN
47-1696560
Phone
5017660115
Address
1901 NAPA VALLEY, LITTLE ROCK, AR 72212

Signing Officer

Name
Randy Likens
Title
Executive Director
Phone
5017660115
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Likens
Formed
2020
Legal Domicile
Ar
Voting Board Members
6
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Pearson Accounting Inc
Address
10012 WEST MARKHAM STREET, LITTLE ROCK, AR 72205-2130
Preparer
Mark S Pearson
Phone
5012238444
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Randy Likens is a minister and is receiving the clergy housing allowance.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive finance committee reviewed and approved the compensation of the employee. Part of the evaluation of compensation was based on wages paid by another comparable national organization called Search.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The executive finance committee reviewed and approved the compensation of the employee. Part of the evaluation of compensation was based on wages paid by another comparable national organization called Search.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Randy handles all management, office administration, program development, discipleship and training, forum leading and relationship builidng for the organization. He manages both the operational and missional integrity of the organization soley.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt61. Duty to Disclose In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. 2. Determining Whether a Conflict of Interest Exists After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, COLUMN B, HOURS PER WEEK
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VI, SECTION B, LINE 12c
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ReturnHeader/Filer/USAddress/ZIPCd072212
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460938142
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PEARSON ACCOUNTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010012 WEST MARKHAM STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LITTLE ROCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0722052130
ReturnHeader/PreparerPersonGrp/PhoneNum05012238444
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK S PEARSON
ReturnHeader/ReturnTs02022-11-30T15:48:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RANDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LIKENS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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