Civic Intelligence

Redemption Ministries

990 • Fiscal year 2022 • EIN 85-4283739

Jan 01, 2022 to Dec 31, 2022 • Filed on May 11, 2023

Organization Profile
2150 Beasley RdNewbern, TN 38059

(731) 676-7737

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

12th percentile

-41%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

36th percentile

-6.5%

Faster asset growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-84%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$233,719

Down $16,281 (-6.5%) from 2021

Net Assets

Down

$233,719

Down $16,281 (-6.5%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin12th percentile

Revenue

Down

$40,000

Down $210,000 (-84%) from 2021

Expenses

Up

$56,281

Up $56,281 from 2021

Net Income

Down

-$16,281

Down $266,281 (-107%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$600K$400K$200K$0Assets 2021: $250,000Liabilities 2021: $0Net Assets 2021: $250,0002021Assets 2022: $233,719Liabilities 2022: $0Net Assets 2022: $233,7192022Assets 2023: $385,109Liabilities 2023: $0Net Assets 2023: $385,1092023Assets 2024: $488,927Liabilities 2024: $0Net Assets 2024: $488,9272024

Highlighted filing

2022

Assets$233,719
Liabilities$0
Net Assets$233,719
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

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

$300K$200K$100K$0-$100KRevenue 2021: $250,000Expenses 2021: $0Net Income 2021: $250,0002021Revenue 2022: $40,000Expenses 2022: $56,281Net Income 2022: -$16,2812022Revenue 2023: $107,638Expenses 2023: $3,918Net Income 2023: $103,7202023Revenue 2024: $109,566Expenses 2024: $5,748Net Income 2024: $103,8182024

Highlighted filing

2022

Revenue$40,000
Expenses$56,281
Net Income-$16,281
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$40,000
Mission and Program Overview

Mission

To receive and disburse charitable contributions for ministry services and the furtherance of the Apostolic Faith.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$250,000$233,719▼ $16,281
Total Assets$250,000$233,719▼ $16,281
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$250,000$233,719▼ $16,281
Total Net Assets Fund Balance$250,000$233,719▼ $16,281
Total Liabilities and Net Assets / Fund Balance$250,000$233,719▼ $16,281
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Julian HueyPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$40,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$40,000
Change in Net Assets
$-16,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,281
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$56,281--$56,281
Total Functional Expenses$56,281$0$0$56,281
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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 governing body review Part VI line 11

“The completed form 990 is reviewed and approved by the executive committee before filing and then presented to the governing body at the annual meeting of the Board of Directors. The form is kept on file and available to the governing body upon request.”

Governing documents etc available to public Part VI line 19

“The information concerning governing documents, policies, and financial statements are available to the public upon written request to the corporate office.”

Filing and Contact Details

Filer

Filer Name
Redemption Ministries
EIN
85-4283739
Address
2150 Beasley Rd, Newbern, TN 38059

Signing Officer

Name
Julian Huey
Title
President
Phone
7316767737
Signed
2023-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Julian Huey
Formed
2020
Legal Domicile
Tn
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
A-1 Business Services
Address
42 12 Munroe Falls Ave, Munroe Falls, OH 44262
Preparer
Donald Ridenour
Phone
3306303426
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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$233,719
Liabilities
$0
Net assets
$233,719
Revenue
$40,000
Expenses
$56,281
Net income
-$16,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.89$0.00$4.89$1.10$0.06$1.04
2023Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$1.08$0.04$1.04
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.40$0.56$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$2.50$0.00$2.50