Civic Intelligence

Vertical Ministries

990 • Fiscal year 2021 • EIN 90-0753878

Jan 01, 2021 to Dec 31, 2021 • Filed on May 26, 2022

P O Box 1472Waco, TX 76703

(817) 295-2236

Siviq Scores

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

Liabilities / Assets

74th percentile

0.06x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

53rd percentile

11%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

53rd percentile

8.0%

Faster asset growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

61%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$67,117

Up $4,963 (+8.0%) from 2020

Net Assets

Up

$63,193

Up $32,980 (+109%) from 2020

Liabilities

Down

$3,924

Down $28,017 (-88%) from 2020

Revenue

Up

$295,909

Up $111,848 (+61%) from 2020

Expenses

Up

$264,522

Up $46,469 (+21%) from 2020

Net Income

Up

$31,387

Up $65,379 (+192%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $195,396Liabilities 2013: $2,874Net Assets 2013: $192,5222013Assets 2014: $256,942Liabilities 2014: $1,344Net Assets 2014: $255,5982014Assets 2015: $291,083Liabilities 2015: $3,010Net Assets 2015: $288,0732015Assets 2016: $254,608Liabilities 2016: $1,236Net Assets 2016: $253,3722016Assets 2017: $236,269Liabilities 2017: $2,609Net Assets 2017: $233,6602017Assets 2018: $88,335Liabilities 2018: $3,651Net Assets 2018: $84,6842018Assets 2019: $68,775Liabilities 2019: $2,434Net Assets 2019: $66,3412019Assets 2020: $62,154Liabilities 2020: $31,941Net Assets 2020: $30,2132020Assets 2021: $67,117Liabilities 2021: $3,924Net Assets 2021: $63,1932021Assets 2022: $97,574Liabilities 2022: $2,766Net Assets 2022: $94,8082022Assets 2023: $97,427Liabilities 2023: $6,020Net Assets 2023: $91,4072023Assets 2024: $147,416Liabilities 2024: $8,156Net Assets 2024: $139,2602024

Highlighted filing

2021

Assets$67,117
Liabilities$3,924
Net Assets$63,193

Operations Trend

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

$400K$200K$0-$200KRevenue 2013: $265,502Expenses 2013: $197,043Net Income 2013: $68,4592013Revenue 2014: $252,284Expenses 2014: $190,633Net Income 2014: $61,6512014Revenue 2015: $245,905Expenses 2015: $213,226Net Income 2015: $32,6792015Revenue 2016: $164,924Expenses 2016: $198,913Net Income 2016: -$33,9892016Revenue 2017: $183,006Expenses 2017: $201,680Net Income 2017: -$18,6742017Revenue 2018: $99,095Expenses 2018: $242,297Net Income 2018: -$143,2022018Revenue 2019: $252,655Expenses 2019: $277,040Net Income 2019: -$24,3852019Revenue 2020: $184,061Expenses 2020: $218,053Net Income 2020: -$33,9922020Revenue 2021: $295,909Expenses 2021: $264,522Net Income 2021: $31,3872021Revenue 2022: $267,735Expenses 2022: $236,120Net Income 2022: $31,6152022Revenue 2023: $248,893Expenses 2023: $252,294Net Income 2023: -$3,4012023Revenue 2024: $372,204Expenses 2024: $324,351Net Income 2024: $47,8532024

Highlighted filing

2021

Revenue$295,909
Expenses$264,522
Net Income$31,387
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 26, 2022
Return Version
2021v4.2
Gross Receipts
$295,909
Mission and Program Overview

Mission

Weekly gatherings to promote christianity through song and teaching

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,187$60,314▲ $7,127
Land, Buildings, and Equipment, Net$8,944$6,780▼ $2,164
Savings and Temporary Cash Investments$23$23→ $0
Total Assets$62,154$67,117▲ $4,963
Liabilities
Unsecured Notes Loans Payable$28,100--
Accounts Payable and Accrued Expenses$1,234$2,198▲ $964
Other Liabilities$2,607$1,726▼ $881
Total Liabilities$31,941$3,924▼ $28,017
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,213$63,193▲ $32,980
Total Net Assets Fund Balance$30,213$63,193▲ $32,980
Total Liabilities and Net Assets / Fund Balance$62,154$67,117▲ $4,963

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,780$32,377$39,157
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carter HopkinsPresident
Ashfin ZiafatDirector
Blair BrowningDirector
Timothy AteekDirector
Bo WeathersbeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$295,818
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$91
All Other Contributions
$247,218
Change in Net Assets
$31,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$168,943
Salaries, Compensation, and Employee Benefits$95,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$600$82,841-$83,441
Fees for Services Other$83,025$15-$83,040
Advertising-$37,785-$37,785
Conferences and Meetings$14,452--$14,452
Fees for Services Accounting$2,557$5,503-$8,060
Occupancy$7,693--$7,693
Payroll Taxes-$6,337-$6,337
Other Employee Benefits-$5,801-$5,801
Depreciation Depletion$3,757--$3,757
Other Expenses$3,655$1,789-$3,655
Insurance$3,652--$3,652
Office Expenses$606$2,730-$3,336
Travel$897--$897
Total Functional Expenses$121,721$142,801$0$264,522
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,726
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
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

Two members of the governing body reviews the 990 prior to electronically filing the return.

Governing documents etc available to public Part VI line 19

Governing documents and copies of 990 returns are available upon written request. Copies of organizing documents and all form 990s are stored electronically at the ministry office.

Filing and Contact Details

Filer

Filer Name
Vertical Ministries
EIN
90-0753878
Address
P O BOX 1472, WACO, TX 76703

Signing Officer

Name
Bo Weathersbee
Title
Officer
Phone
2543001124
Signed
2022-05-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Bo Weathersbee
Formed
2011
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
100

Preparer

Firm
Couch & Russell Financial Group
Address
388 SW Johnson Ave, Burleson, TX 76028
Preparer
Cheryl White
Phone
8172952236
Supplemental Narrative

Additional Explanations

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

Book to tax depreciation differences 1593

List of other fees for services expenses Part IX line 11G

Contract labor $13,585.40 contract labor misc $13,686.00band fees: $31,177.82sound board operators: $23,000.00honoraria for speakers and preachers: $1,576.00bank fees $15.00total $83,040.00

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0184006
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0965625
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt06780
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032377
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01726
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06780
IRS990ScheduleD/TotalLiabilityAmt01726
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO MEMBERS OF THE GOVERNING BODY REVIEWS THE 990 PRIOR TO ELECTRONICALLY FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND COPIES OF 990 RETURNS ARE AVAILABLE UPON WRITTEN REQUEST. COPIES OF ORGANIZING DOCUMENTS AND ALL FORM 990S ARE STORED ELECTRONICALLY AT THE MINISTRY OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK TO TAX DEPRECIATION DIFFERENCES 1593
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT LABOR $13,585.40 CONTRACT LABOR MISC $13,686.00BAND FEES: $31,177.82SOUND BOARD OPERATORS: $23,000.00HONORARIA FOR SPEAKERS AND PREACHERS: $1,576.00BANK FEES $15.00TOTAL $83,040.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt062154
IRS990/TotalAssetsEOYAmt067117
IRS990/TotalAssetsGrp/BOYAmt062154
IRS990/TotalAssetsGrp/EOYAmt067117
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0295818
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0142801
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121721
IRS990/TotalFunctionalExpensesGrp/TotalAmt0264522
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031941
IRS990/TotalLiabilitiesEOYAmt03924
IRS990/TotalLiabilitiesGrp/BOYAmt031941
IRS990/TotalLiabilitiesGrp/EOYAmt03924
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt030213
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt063193
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0121721
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt091
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0295909
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt062154
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt067117
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0897
IRS990/TravelGrp/TotalAmt0897
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt028100
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 SEVILLA ST
IRS990/USAddress/CityNm0SAINT AUGUSTINE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032084
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.VERTICALMINISTRIES.NET
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Bo Weathersbee
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02543001124
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERTICAL MINISTRIES
ReturnHeader/Filer/BusinessNameControlTxt0VERT
ReturnHeader/Filer/EIN0900753878
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1472
ReturnHeader/Filer/USAddress/CityNm0WACO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076703
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752852737
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Couch & Russell Financial Group
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0388 SW Johnson Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Burleson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076028
ReturnHeader/PreparerPersonGrp/PhoneNum08172952236
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cheryl White
ReturnHeader/ReturnTs02022-05-26T19:22:15-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Bo
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Weathersbee
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.08$1.39$3.72$3.24$0.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.06$0.91$2.49$2.52$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.03$0.95$2.68$2.36$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.04$0.63$2.96$2.65$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.32$0.30$1.84$2.18$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.02$0.66$2.53$2.77$0.24
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.04$0.85$0.99$2.42$1.43
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.03$2.34$1.83$2.02$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.01$2.53$1.65$1.99$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.91$0.03$2.88$2.46$2.13$0.33
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.01$2.56$2.52$1.91$0.62
2013Detailed filing. Detailed filing data is available for this year.$1.95$0.03$1.93$2.66$1.97$0.68
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits