Civic Intelligence

Heartsong Ministries

990EZ • Fiscal year 2017 • EIN 80-0929680

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

6 Desta Dr Suite 2780Midland, TX 79705

(432) 686-8080

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 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

62nd percentile

9.3%

Higher net margin than 62% of similar nonprofits.

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

Top Officer Pay

81st percentile

$12,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

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

Asset Growth

96th percentile

237%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

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

Assets

Up

$10,618

Up $7,468 (+237%) from 2016

Net Assets

Up

$10,618

Up $7,468 (+237%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$80,000

Up $19,624 (+33%) from 2016

Expenses

Up

$72,533

Up $2,402 (+3.4%) from 2016

Net Income

Up

$7,467

Up $17,222 (+177%) from 2016

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2014: $3,928Liabilities 2014: $02014Assets 2015: $12,904Net Assets 2015: $12,9042015Assets 2016: $3,150Net Assets 2016: $3,1502016Assets 2017: $10,618Net Assets 2017: $10,6182017Assets 2018: $10,125Net Assets 2018: $10,1252018Assets 2019: $15,168Net Assets 2019: $15,1682019Assets 2020: $6,333Liabilities 2020: $0Net Assets 2020: $6,3332020Assets 2021: $31,112Net Assets 2021: $31,1122021Assets 2022: $22,454Net Assets 2022: $22,4542022Assets 2023: $7,681Liabilities 2023: $02023Assets 2024: $9,561Net Assets 2024: $9,5612024

Highlighted filing

2017

Assets$10,618
Liabilities-
Net Assets$10,618

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2014: $30,000Expenses 2014: $26,072Net Income 2014: $3,9282014Revenue 2015: $75,000Expenses 2015: $66,024Net Income 2015: $8,9762015Revenue 2016: $60,376Expenses 2016: $70,131Net Income 2016: -$9,7552016Revenue 2017: $80,000Expenses 2017: $72,533Net Income 2017: $7,4672017Revenue 2018: $76,717Expenses 2018: $77,210Net Income 2018: -$4932018Revenue 2019: $75,034Expenses 2019: $69,991Net Income 2019: $5,0432019Revenue 2020: $72,172Expenses 2020: $81,007Net Income 2020: -$8,8352020Revenue 2021: $105,289Expenses 2021: $80,510Net Income 2021: $24,7792021Revenue 2022: $73,837Expenses 2022: $82,495Net Income 2022: -$8,6582022Revenue 2023: $69,729Expenses 2023: $84,502Net Income 2023: -$14,7732023Revenue 2024: $68,612Expenses 2024: $66,733Net Income 2024: $1,8792024

Highlighted filing

2017

Revenue$80,000
Expenses$72,533
Net Income$7,467
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$80,000
Mission and Program Overview

Mission

Heartsong's purpose is to serve as an example of, and catalyst for, christian charity to people in need. Heartsong will fulfill its purpose through a platform of grantmaking, volunteering, and funder collaboration in midland, texas, surronding areas, and, as needed, to a broader national area. Heartsong will support individuals and other non-profit organizations that are in line with heartsong's charitable purpose and that serve other areas or other disenfranchised and underserved populations.

Program Services

DescriptionGrantsExpenses
HEARTSONG MAINTAINED THEIR GIFTS FOR 2017 AND MOST OF THE GIFTS WERE FOR THE BENEFIT OF CHILDREN, BOTH IN ORPHAN CARE AND FOR MEDICAL/SURGICAL NEEDS. IN ADDITION, HEARTSONG INCREASED ITS GIVING TO THOSE IN FINANCIAL CRISIS AND THOSE WITH BASIC PHYSICAL NEEDS.$56,422$56,422
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HANNAH FOLEYPresidentFT$12,000-$12,000
KREGG CONDERVice PresidePT$0--
ANNE CONDERSecretary/TrPT$0--
PAM TIFFINDirectorPT$0--
BARBIE WOOTENDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Heartsong Ministries
EIN
80-0929680
Address
6 DESTA DR SUITE 2780, MIDLAND, TX 79705

Signing Officer

Name
Kregg Conder
Title
Vice President
Signed
2018-11-12
Discuss with paid preparer
Yes

Preparer

Firm
JOHNSON MILLER & CO CPA'S PC
Address
550 W TEXAS AVE STE 1000, MIDLAND, TX 79701-4279
Preparer
Alan Douglas
Phone
4326831835
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Class of activity: charitable name: mission lazarus address: 1113 harpeth industrial court franklin, tn 37064 cash contribution: 23,000 class of activity: charitable name: eastern european missions address: 777 lonesome dove trail hurst, tx 76054 cash contribution: 11,000

Form 990-ez, Part I, Line 16

Expenses office 2,041 conferences/meetings 85 total 2,126

Form 990-ez, Part III

Heartsong's purpose is to serve as an example of, and catalyst for, christian charity to people in need. Heartsong will fulfill its purpose through a platform of grantmaking, volunteering, and funder collaboration in midland, texas, surronding areas, and, as needed, to a broader national area. Heartsong will support individuals and other non-profit organizations that are in line with heartsong's charitable purpose and that serve other areas or other disenfranchised and underserved populations.

Form 990-ez, Part III, Line 28

Heartsong maintained their gifts for 2017 and most of the gifts were for the benefit of children, both in orphan care and for medical/surgical needs. In addition, heartsong increased its giving to those in financial crisis and those with basic physical needs.

Raw XML Appendix132 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLASS OF ACTIVITY: CHARITABLE NAME: MISSION LAZARUS ADDRESS: 1113 HARPETH INDUSTRIAL COURT FRANKLIN, TN 37064 CASH CONTRIBUTION: 23,000 CLASS OF ACTIVITY: CHARITABLE NAME: EASTERN EUROPEAN MISSIONS ADDRESS: 777 LONESOME DOVE TRAIL HURST, TX 76054 CASH CONTRIBUTION: 11,000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HEARTSONG'S PURPOSE IS TO SERVE AS AN EXAMPLE OF, AND CATALYST FOR, CHRISTIAN CHARITY TO PEOPLE IN NEED. HEARTSONG WILL FULFILL ITS PURPOSE THROUGH A PLATFORM OF GRANTMAKING, VOLUNTEERING, AND FUNDER COLLABORATION IN MIDLAND, TEXAS, SURRONDING AREAS, AND, AS NEEDED, TO A BROADER NATIONAL AREA. HEARTSONG WILL SUPPORT INDIVIDUALS AND OTHER NON-PROFIT ORGANIZATIONS THAT ARE IN LINE WITH HEARTSONG'S CHARITABLE PURPOSE AND THAT SERVE OTHER AREAS OR OTHER DISENFRANCHISED AND UNDERSERVED POPULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HEARTSONG MAINTAINED THEIR GIFTS FOR 2017 AND MOST OF THE GIFTS WERE FOR THE BENEFIT OF CHILDREN, BOTH IN ORPHAN CARE AND FOR MEDICAL/SURGICAL NEEDS. IN ADDITION, HEARTSONG INCREASED ITS GIVING TO THOSE IN FINANCIAL CRISIS AND THOSE WITH BASIC PHYSICAL NEEDS.
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Filings