Civic Intelligence

Bethel Ministries Inc

EIN 84-2205113 • 501(c)3 • Sparta, TN

Profile

To minister help and aid to less forunate by the raising of funds from thrift store sales and other various means.

650 N Spring StSparta, TN 38583

n/A

Siviq Scores

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

Liabilities / Assets

90th percentile

0.79x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.38x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

2.0%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$45,265

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

2.7%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,400,383

Up $241,903 (+21%) from 2023

Liabilities

Up

$1,108,632

Up $184,136 (+20%) from 2023

Net Assets

Up

$291,751

Up $57,767 (+25%) from 2023

Revenue

Up

$2,918,948

Up $76,655 (+2.7%) from 2023

Expenses

Up

$2,861,181

Up $9,854 (+0.3%) from 2023

Net Income

Up

$57,767

Up $66,801 (+739%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2021: $277,501Liabilities 2021: $2,720Net Assets 2021: $274,7812021Assets 2022: $628,503Liabilities 2022: $385,485Net Assets 2022: $243,0182022Assets 2023: $1,158,480Liabilities 2023: $924,496Net Assets 2023: $233,9842023Assets 2024: $1,400,383Liabilities 2024: $1,108,632Net Assets 2024: $291,7512024

Highlighted filing

2024

Assets$1,400,383
Liabilities$1,108,632
Net Assets$291,751

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $259,350Expenses 2021: $12,196Net Income 2021: $247,1542021Revenue 2022: $2,298,617Expenses 2022: $2,330,380Net Income 2022: -$31,7632022Revenue 2023: $2,842,293Expenses 2023: $2,851,327Net Income 2023: -$9,0342023Revenue 2024: $2,918,948Expenses 2024: $2,861,181Net Income 2024: $57,7672024

Highlighted filing

2024

Revenue$2,918,948
Expenses$2,861,181
Net Income$57,767

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 22, 2025
Return Version
2024v5.1
Gross Receipts
$2,918,948
Mission and Program Overview

Mission

To minister help and aid to less forunate by the raising of funds from thrift store sales and other various means.

To minister help and aid to less fortunate by the raising of funds from thrift store sales and other various means.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$249,040$229,883▼ $19,157
Cash and Non-Interest-Bearing Accounts$134,072$142,619▲ $8,547
Land, Buildings, and Equipment, Net$67,785$45,917▼ $21,868
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,158,480$1,400,383▲ $241,903
Other Assets Total$707,583$981,964▲ $274,381
Liabilities
Other Liabilities$684,814$927,287▲ $242,473
Unsecured Notes Loans Payable$230,000$170,000▼ $60,000
Accounts Payable and Accrued Expenses$9,682$11,345▲ $1,663
Total Liabilities$924,496$1,108,632▲ $184,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$233,984$291,751▲ $57,767
Total Net Assets Fund Balance$233,984$291,751▲ $57,767
Total Liabilities and Net Assets / Fund Balance$1,158,480$1,400,383▲ $241,903

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,917$63,425$109,342
Other Assets Org$894,451--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matthew BurdettePresident & CEOFT$45,265$45,265
David BurdetteVice PresidentFT$44,265$44,265
Kacey BurdetteDirector & Tr. Mgr.FT$31,425$31,425
Traci BurdetteDirector & CFOPT$22,030$22,030
Elizabeth WeedmanDirector of MktgPT$13,250$13,250

Board Members and Trustees

NameTitle
Frank KruegerDirector
Michael WeedmanDirector
Lela VenableSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,314,695
Program Service Revenue
$1,603,486
Investment Income
$0
Other Revenue
$767
All Other Contributions
$1,314,695
Change in Net Assets
$57,767

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$1,314,695Estimated Fair Market Value (FMV)
Total Noncash Contributions$1,314,695-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,918,948
Total Revenue per Audited Statements
$2,918,948
Total Revenue per Form 990
$2,918,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,079,993
Salaries, Compensation, and Employee Benefits$781,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$591,656$14,774-$606,430
Occupancy$321,593$19,536-$341,129
Current Officers, Directors, Trustees, and Key Employees-$111,560-$111,560
All Other Expenses$58,904$22,135-$81,039
Payroll Taxes$52,894$10,304-$63,198
Depreciation Depletion$41,025--$41,025
Insurance$19,741$11,961-$31,702
Other Expenses$27,593$1,055-$28,648
Office Expenses$15,711$547-$16,258
Fees for Services Accounting-$9,195-$9,195
Travel$551$482-$1,033
Total Functional Expenses$2,647,436$213,745$0$2,861,181

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,861,181
Total Expenses per Audited Statements$2,861,181
Total Expenses per Form 990$2,861,181
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$894,451
Accrued Payroll$26,141
Accrued Taxes$6,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

Form 990, Part VI, Section B, Line 11B

Board members review and approve filing of 990 in special meeting

Form 990, Part VI, Section C, Line 18

UPON REQUEST

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Bethel Ministries Inc
EIN
84-2205113
Phone
9317398899
Address
650 N SPRING ST, SPARTA, TN 38583

Signing Officer

Name
Matthew Burdette
Title
President
Signed
2025-05-22
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
8
Independent Board Members
4
Employees
70
Volunteers
10

Preparer

Firm
Totherow Haile & Welch CPAs PLLC
Address
2355 South Chancery St, McMinnville, TN 37110
Preparer
Kellie M Rowland CPA
Phone
9316681272
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IRS990/ReportOtherAssetsInd0true
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED TAXES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS REVIEW AND APPROVE FILING OF 990 IN SPECIAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0650 N SPRING ST
IRS990/USAddress/CityNm0SPARTA

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