Civic Intelligence

Skybound Ministries Inc

EIN 61-1207649 • 501(c)3 • Taylorsville, KY

Revoked990-N Coverage

Profile

To give basic necessities to those that are poor and connot afford it also to minister of gods word to the people

Revocation date: May 15, 2025

1000 Dogwood CircleTaylorsville, KY 40071
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

56th percentile

0.4%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

10th percentile

-77%

Faster revenue growth than 10% of similar nonprofits.

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

Assets

Up

$91,024

Up $375 (+0.4%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Up

$91,024

Up $375 (+0.4%) from 2020

Revenue

Down

$6,400

Down $21,190 (-77%) from 2020

Expenses

Up

$3,894

Up $554 (+17%) from 2020

Net Income

Down

$2,506

Down $21,744 (-90%) from 2020

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $3,425Net Assets 2011: $3,4252011Assets 2012: $3,231Liabilities 2012: $02012Assets 2013: $442Liabilities 2013: $0Net Assets 2013: $4422013Assets 2014: $27,391Liabilities 2014: $0Net Assets 2014: $27,3912014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $210,393Liabilities 2016: $0Net Assets 2016: $210,3932016Assets 2017: $133,525Liabilities 2017: $0Net Assets 2017: $133,5252017Assets 2018: $99,031Liabilities 2018: $0Net Assets 2018: $99,0312018Assets 2019: $84,474Liabilities 2019: $0Net Assets 2019: $84,4742019Assets 2020: $90,649Liabilities 2020: $0Net Assets 2020: $90,6492020Assets 2021: $91,024Liabilities 2021: $0Net Assets 2021: $91,0242021

Highlighted filing

2021

Assets$91,024
Liabilities$0
Net Assets$91,024

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $31,600Expenses 2011: $20,787Net Income 2011: $10,8132011Revenue 2012: $28,500Expenses 2012: $22,106Net Income 2012: $6,3942012Revenue 2013: $24,000Expenses 2013: $24,023Net Income 2013: -$232013Revenue 2014: $24,000Expenses 2014: $20,643Net Income 2014: $3,3572014Revenue 2015: $246,035Expenses 2015: $0Net Income 2015: $246,0352015Revenue 2016: $676Expenses 2016: $0Net Income 2016: $6762016Revenue 2017: $952Expenses 2017: $89Net Income 2017: $8632017Revenue 2018: $0Expenses 2018: $90Net Income 2018: -$902018Revenue 2019: $550Expenses 2019: $5,756Net Income 2019: -$5,2062019Revenue 2020: $27,590Expenses 2020: $3,340Net Income 2020: $24,2502020Revenue 2021: $6,400Expenses 2021: $3,894Net Income 2021: $2,5062021

Highlighted filing

2021

Revenue$6,400
Expenses$3,894
Net Income$2,506

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 11, 2022
Return Version
2021v4.1
Gross Receipts
$6,400
Mission and Program Overview

Mission

To give basic necessities to those that are poor and connot afford it also to minister of gods word to the people

To give basics to people that cannot afford them and to give to various charities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$59,500$59,500→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$59,500$59,500→ $0
Cash and Non-Interest-Bearing Accounts$31,149$31,524▲ $375
Cap Stk Tr Prin Current Funds$31,149$31,524▲ $375
Total Assets$90,649$91,024▲ $375
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$90,649$91,024▲ $375
Total Liabilities and Net Assets / Fund Balance$90,649$91,024▲ $375

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$59,500--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$31,149---$31,149
2019$24,974---$24,974
Compensation and Service Providers

Board Members and Trustees

NameTitle
Clyde ConovorDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$6,400
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,400
Change in Net Assets
$2,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,894
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$2,986-$500
Depreciation Depletion$393--$393
Total Functional Expenses$393$3,001$0$3,894
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI 11A

The director was provided a copy of this return prior to filing

Filing and Contact Details

Filer

Filer Name
Skybound Ministries Inc
EIN
61-1207649
Address
1000 DOGWOOD CIRCLE, TAYLORSVILLE, KY 40071

Signing Officer

Name
Clyde Conover
Title
President
Phone
5029631857
Signed
2022-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clyde Conover
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Lile Tax Service Inc
Address
555 NORTH BARDSTOWN RD, MT WASHINGTON, KY 40047
Preparer
Sue a Lile
Phone
5025389743
Supplemental Narrative

Additional Explanations

Part III Line 4A

This explains what was done with the donations

Raw XML Appendix231 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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IRS990/GoverningBodyVotingMembersCnt01
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IRS990/GrossReceiptsAmt06400
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt059500
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IRS990/LandBldgEquipCostOrOtherBssAmt059500
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MethodOfAccountingCashInd0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt059500
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTOR WAS PROVIDED A COPY OF THIS RETURN PRIOR TO FILING
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI 11A
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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