PSALMS 823 MINISTRIES DBA ACADEMY BRIDGE PROGRAM

EIN: 275121814 501(c)(3) Religion

MILES, TX

Total Revenue
$132,650
Total Expenses
$136,479
Total Assets
$58,203
Net Assets
$58,203
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TX
Principal Officer
TODD HUCKABEE
Phone
3256569794
Tax Period
2023-01-01 to 2023-12-31

PSALMS 823 MINISTRIES DBA ACADEMY BRIDGE PROGRAM, founded in 2011, is a small nonprofit in the Religion sector that reported $133K in total revenue in fiscal year 2023.

Mission

TO FINANCIALLY AND ADMINISTRATIVELY SUPPORT CHRISTIAN MISSIONARIES AND MINISTRIES BOTH INSIDE THE UNITED STATES AND AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $99,460

IN 2023, PSALMS 82.3 MINISTRIES PAID FOR ITEMS, MADE DONATIONS AND DISTRIBUTIONS TO THE FOLLOWING PEOPLE AND MINISTRIES:MATT PIERCE- $3,000 YWAM MISSIONARY DONATION FOR HIS DISCIPLESHIP SCHOOL IN...

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IN 2023, PSALMS 82.3 MINISTRIES PAID FOR ITEMS, MADE DONATIONS AND DISTRIBUTIONS TO THE FOLLOWING PEOPLE AND MINISTRIES:MATT PIERCE- $3,000 YWAM MISSIONARY DONATION FOR HIS DISCIPLESHIP SCHOOL IN WASHINGTON STATE.JAY RAINES- $500 TRAVEL EXPENSES DONATION FOR TRAINING WITH HOUSE OF FAITH MINISTRIES STAFF.AUGUST HUCKABEE- $1091.24 WORLDVIEW MISSIONARY DISTRIBUTION.DAN & ANNA VAN CAMP- $15,000 PASTORAL MINISTRY SUPPORT. THEY ARE ON STAFF AT EVANGELICAL FREE CHURCH AT CAON CITY, CO.JODEE AND CHAD MELTON- $500 - PASTORAL MINISTRY SUPPORT. CHAD IS ON STAFF AT FAITH BIBLE CHURCH, THE WODLANDS, TX.FURNITURE ROW STORE- $1,578.50 - PAYMENT FOR A DONATED COUCH FOR THE MILES HIGH SCHOOL TEACHERS WORK ROOM.ABELLA BETTY- $2094.12 - TUITION FEES FOR HOWARD COLLEGE. ABELLA IS AN INTERNATIONAL STUDENT FROM UGANDA.LARRY AND GAYLA NELSON- $5,000 - PASTORAL MINISTRY SUPPORT. LARRY IS THE PASTOR OF COMMUNITY CHURCH, GUNNISON CO.ROB AND HEATHER BLANKS- $10,000 - MISSIONARY SUPPORT. ROB AND HEATHER ARE BIBLE TEACHERS TO OVERSEAS PASTORS THROUGH LANCASTER BIBLE COLLEGE.TYLER EVERETT - $250 MISSIONARY SUPPORT. TYLER IS WITH VENTURE MINISTRIES IN SAN MARCOS, TX.ELIZABETH SHAW- $2,000 - INTERN MINISTRY SUPPORT. ELIZABETH WAS AN INTERN WITH ANTORA YOUTH RANCH IN GUNNISON, CO.FCA MEAL - $379 - PROVIDED MEAL FOR MILES ISD FCA STUDENTS AS THEY TRAVELED TO FIELDS OF FAITH GATHERING. GOD'S COUNTRY MENUDO COOK-OFF - $250 DONATED TOWARD THIS FUNDRAISER FOR AREA NEEDY FAMILIES.JORDAN HALE- $1,000 - MINISTRY SUPPORT FOLLOWING THEIR HOUSE FIRE. JORDAN IS ON STAFF AT REDEEMER CHURCH, SAN ANGELO, TX.PAK QUALITY FOODS- $1,453.86 FOR PORK LOINS PURCHASED AND DISTRIBUTED TO 60 NEEDY FAMILIES IN THE MILES, TX COMMUNITY AT CHRISTMAS.THIS YEAR, WE WORKED CLOSELY WITH THE MILES ISD TO PROVIDE EXTRA FOOD AND ENRICHMENT TEACHING FOR THE ESL AND MIGRANT CHILDREN OF OUR COMMUNITY. EACH MONTH, WE PROVIDED EXTRA KID-FRIENDLY BAGS OF FOOD TO THESE STUDENTS. IN THE SUMMER, WE PROVIDED EXTRA TUTORING AND ENRICHMENT ACTIVITIES TO CHILDREN WHO DO NOT GET THESE OPPORTUNITIES FOR 4 WEEKS. WE SPENT $4,107.43 ON FOOD ITEMS, $3,000 ON TUTORING FEES AND $1,107.43 FOR ACTIVITIES AND SUPPLIES FOR THE 4 WEEK LONG SUMMER ENRICHMENT PROGRAM.DISTRIBUTED FUNDS OF $32,317.75 TO A LOCAL MISSIONARY FAMILY WHO RETURNED FROM UGANDA, AND ARE NOW LEADING THE WATER FOR ALL INTERNATIONAL MINISTRY IN SAN ANGELO, TX. AS THE IMPACT OF THE WORK OF THESE MISSIONARIES IS DIFFICULT TO MEASURE, THE OBJECTIVE OF THE ORGANIZATION IS TO STRIVE TO CONTINUE THE FUNDING OF INTERNATIONAL MISSIONARIES AND THEIR NEEDS DURING THE EXTENT OF THEIR WORK. THE ORGANIZATION HAS THE ABILITY TO PROVIDE FUNDING FOR LARGER NUMBERS OF FOREIGN MISSIONARIES AND HAS IMPLEMENTED PLANS TO INCREASE THE NUMBER OF INDIVIDUALS BEING SUPPORTED.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,650
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $132,650

Expense Breakdown

Grants Paid $51,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,460
Other Expenses $85,229
TOTAL EXPENSES $136,479

Year-over-Year Comparison

2023 2022 Change
Revenue $132,650 N/A N/A
Expenses $136,479 N/A N/A
Net Income $-3,829 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD HUCKABEE PRESIDENT 1.00
Officer Director
$0 $0 $0
AUSTIN HUCKABEE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BONNIE HUCKABEE SECRETARY/TREAS 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $132,650 $136,479 $58,203 $-3,829
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