Civic Intelligence

Redemption Ministries

990 • Fiscal year 2023 • EIN 85-4283739

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 26, 2024

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

88th percentile

65%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

169%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$385,109

Up $151,390 (+65%) from 2022

Net Assets

Up

$385,109

Up $151,390 (+65%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin98th percentile

Revenue

Up

$107,638

Up $67,638 (+169%) from 2022

Expenses

Down

$3,918

Down $52,363 (-93%) from 2022

Net Income

Up

$103,720

Up $120,001 (+737%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2023

Assets$385,109
Liabilities$0
Net Assets$385,109
Open 2023 Filing

Operations Trend

Revenue Growth94th 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

2023

Revenue$107,638
Expenses$3,918
Net Income$103,720
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 26, 2024
Return Version
2023v5.0
Gross Receipts
$107,638
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$233,719$337,439▲ $103,720
Total Assets$233,719$385,109▲ $151,390
Other Assets Total-$47,670-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$233,719$385,109▲ $151,390
Total Net Assets Fund Balance$233,719$385,109▲ $151,390
Total Liabilities and Net Assets / Fund Balance$233,719$385,109▲ $151,390

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$47,670--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Julian HueyPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$107,638
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$107,638
Change in Net Assets
$103,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,918
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
Travel$1,403--$1,403
Fees for Services Accounting$520--$520
Other Expenses$88--$88
Total Functional Expenses$3,918$0$0$3,918
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
2024-04-26
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
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“acquired asset”

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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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ReturnHeader/TaxPeriodBeginDt02023-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$385,109
Liabilities
$0
Net assets
$385,109
Revenue
$107,638
Expenses
$3,918
Net income
$103,720
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