Civic Intelligence

Psalm68Five Ministries

990EZ • Fiscal year 2020 • EIN 47-3375486

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 26, 2021

504 N Church StMcKinney, TX 75069

(713) 202-3012

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

80th percentile

33%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

67th percentile

21%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-65%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$128,413

Up $22,270 (+21%) from 2019

Net Assets

Up

$128,413

Up $22,270 (+21%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$66,547

Down $123,828 (-65%) from 2019

Expenses

Down

$44,277

Down $114,553 (-72%) from 2019

Net Income

Down

$22,270

Down $9,275 (-29%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $147,379Liabilities 2016: $02016Assets 2017: $92,674Liabilities 2017: $02017Assets 2018: $74,598Net Assets 2018: $74,5982018Assets 2019: $106,143Net Assets 2019: $106,1432019Assets 2020: $128,413Net Assets 2020: $128,4132020Assets 2021: $258,710Liabilities 2021: $0Net Assets 2021: $258,7102021Assets 2022: $242,648Liabilities 2022: $0Net Assets 2022: $242,6482022Assets 2023: $112,718Net Assets 2023: $112,7182023Assets 2024: $146,403Liabilities 2024: $805Net Assets 2024: $145,5982024

Highlighted filing

2020

Assets$128,413
Liabilities-
Net Assets$128,413

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $168,501Expenses 2016: $69,622Net Income 2016: $98,8792016Revenue 2017: $71,400Expenses 2017: $126,105Net Income 2017: -$54,7052017Revenue 2018: $132,405Expenses 2018: $150,481Net Income 2018: -$18,0762018Revenue 2019: $190,375Expenses 2019: $158,830Net Income 2019: $31,5452019Revenue 2020: $66,547Expenses 2020: $44,277Net Income 2020: $22,2702020Revenue 2021: $237,417Expenses 2021: $107,120Net Income 2021: $130,2972021Revenue 2022: $286,549Expenses 2022: $302,611Net Income 2022: -$16,0622022Revenue 2023: $99,958Expenses 2023: $229,887Net Income 2023: -$129,9292023Revenue 2024: $318,736Expenses 2024: $283,885Net Income 2024: $34,8512024

Highlighted filing

2020

Revenue$66,547
Expenses$44,277
Net Income$22,270
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 26, 2021
Return Version
2020v4.0
Gross Receipts
$66,547
Mission and Program Overview

Mission

In partnership with selected best-practice, faith-based camps, Psalm68five serves fatherless children as it recruits summer campers and volunteers, develops and provides exemplary, trauma-informed resources, and covers the cost of attendance and program materials for fatherless children. Partner camps truly join Psalm68five in its mission to serve fatherless children. Each one commits to raising its own scholarship funding for fatherless children in an increasing amount each year - annually diminishing Psalm68five's sponsoring of fatherless camps - until it is fully funding its own significant camp ministry to the fatherless and utilizing Psalm68five program resources, volunteers, training, and materials.

Program Services

DescriptionGrantsExpenses
In calendar year 2020, Psalm68five collaborated with the following camp and youth ministry partners and to recruit and serve fatherless campers: Frontier Camp: Grapeland, TX Camp Lake Louise: Boyne Falls, MI Outdoor Adventures: Pagosa Springs, CO Eyes On Me, Inc: Houston, TX$38,000-
Psalm68five is also a leader in developing trauma-informed, exemplary resources for fatherless children in camp settings. Psalm68five utilizes Trust Based Relational Intervention TBRI, and innovative, trauma-informed modality created by the late Dr. Karyn Purvis at Texas Christian University. Working with a TBRI Certified Educator, has developed both a training program and resource materials for camps to utilize in fatherless camp ministry which began being utilized in Summer 2019 camps.--
Psalm68five serves as a national voice and advocate within the national Christian camp community. The goal is to expand camp ministry into marginalized populations, to share God's beautiful creation with fatherless children who may never experience nature or the joy and adventure of summer camp, and to specifically encourage the promise and value of each precious child as outlined in Psalm68five.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bryan C JohnsonPresidentPT$0--
Rebecca E JohnsonSecretaryPT$0--
Steve FosterDirectorPT$0--
Bill HopkinsDirectorPT$0--
Janet HopkinsDirectorPT$0--
Bruce JohnsonDirectorPT$0--
Colleen NunnDirectorPT$0--
Kent NunnDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Psalm68Five Ministries
EIN
47-3375486
Phone
7132023012
Address
504 N Church St, McKinney, TX 75069

Signing Officer

Name
Bryan C Johnson
Title
President
Signed
2021-04-26
Discuss with paid preparer
Yes

Preparer

Firm
Ladwig Accounting Services LLC
Address
1077 Maverick Drive, Allen, TX 75013
Preparer
Michael Ladwig
Phone
4692614346
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.3

Class of Activity: Scholarships for Campers | Donee's Name: Frontier Camp | Donee's Address: 131 Frontier Camp Rd. Grapeland TX 75844 | Cash Amount Given: $22950

Other Expenses.1003

Information Technology $226

Other Expenses.1

TBRI Training $2068

Other Expenses.2

Bank Fees $573

Other Assets.1005

Accounts Receivable - Beginning $200 Accounts Receivable - Ending $0

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IRS990EZ/PrimaryExemptPurposeTxt0In partnership with selected best-practice, faith-based camps, Psalm68five serves fatherless children as it recruits summer campers and volunteers, develops and provides exemplary, trauma-informed resources, and covers the cost of attendance and program materials for fatherless children. Partner camps truly join Psalm68five in its mission to serve fatherless children. Each one commits to raising its own scholarship funding for fatherless children in an increasing amount each year - annually diminishing Psalm68five's sponsoring of fatherless camps - until it is fully funding its own significant camp ministry to the fatherless and utilizing Psalm68five program resources, volunteers, training, and materials.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Psalm68five is also a leader in developing trauma-informed, exemplary resources for fatherless children in camp settings. Psalm68five utilizes Trust Based Relational Intervention TBRI, and innovative, trauma-informed modality created by the late Dr. Karyn Purvis at Texas Christian University. Working with a TBRI Certified Educator, has developed both a training program and resource materials for camps to utilize in fatherless camp ministry which began being utilized in Summer 2019 camps.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: Scholarships for Campers | Donee's Name: Frontier Camp | Donee's Address: 131 Frontier Camp Rd. Grapeland TX 75844 | Cash Amount Given: $22950
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