Civic Intelligence

Skybound Ministries Inc

990 • Fiscal year 2017 • EIN 61-1207649

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 16, 2018

Organization Profile
1000 Dogwood CircleTaylorsville, KY 40071

(502) 494-9053

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

13th percentile

-37%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$133,525

Down $76,868 (-37%) from 2016

Net Assets

Down

$133,525

Down $76,868 (-37%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin98th percentile

Revenue

Up

$952

Up $276 (+41%) from 2016

Expenses

Up

$89

Up $89 from 2016

Net Income

Up

$863

Up $187 (+28%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$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

2017

Assets$133,525
Liabilities$0
Net Assets$133,525
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$952
Expenses$89
Net Income$863
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 16, 2018
Return Version
2017v2.2
Gross Receipts
$952
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
Cash and Non-Interest-Bearing Accounts$168,733$133,525▼ $35,208
Cap Stk Tr Prin Current Funds$168,733$133,525▼ $35,208
Total Assets$168,733$133,525▼ $35,208
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$168,733$133,525▼ $35,208
Total Liabilities and Net Assets / Fund Balance$168,733$133,525▼ $35,208
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Clyde ConoverPresident
Clyde ConoverDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$952
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$952
Change in Net Assets
$863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89
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
Fees for Services Accounting$74--$74
Fees for Services Legal$15--$15
Total Functional Expenses$89$0$0$89
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
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Skybound Ministries Inc
EIN
61-1207649
Phone
5024949053
Address
1000 DOGWOOD CIRCLE, TAYLORSVILLE, KY 40071

Signing Officer

Name
Clyde Conover
Title
President
Signed
2018-03-16
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, MOUNT WASHINGTON, KY 40047
Preparer
Sue a Lile
Phone
5025389743
Supplemental Narrative

Additional Explanations

Page 2

“Donations coming from sale of church”

Raw XML Appendix217 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/Form990ProvidedToGvrnBodyInd0false
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IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NondeductibleContributionsInd0false
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IRS990/OrgDoesNotFollowSFAS117Ind0X
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/Filer/EIN0611207649
ReturnHeader/Filer/PhoneNum05024949053
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823657252
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-03-24T18:57:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$133,525
Liabilities
$0
Net assets
$133,525
Revenue
$952
Expenses
$89
Net income
$863
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.06$0.04$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.28$0.03$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.01$0.06$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.01$0.00$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$0.01$0.00$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.46$0.00$2.46
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.24$0.21$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.24$0.24$0.00
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.29$0.22$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.03$0.32$0.21$0.11