Agape Impact Ministries Inc

EIN: 475519265 501(c)(3) Religion

Argyle, TX

Total Revenue
$385,088
Total Expenses
$716,285
Total Assets
$120,942
Net Assets
$120,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TX
Principal Officer
Keith McDougal
Phone
9407843919
Tax Period
2023-01-01 to 2023-12-31

Agape Impact Ministries Inc, founded in 2015, is a small nonprofit in the Religion sector that reported $385K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $716K exceeded revenue, resulting in a 86% operating deficit.

Mission

The organization provides shelter and care for orphaned children in the Philippines that were orphaned, abandoned, abused or neglected.

Program Service Accomplishments

Program 1
Expenses: $261,854

AIM Orphan Agape Impact Ministries, Inc. exists to glorify God by demonstrating His love to orphaned, absued and neglected children of the Philippines. The organization provides a loving...

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AIM Orphan Agape Impact Ministries, Inc. exists to glorify God by demonstrating His love to orphaned, absued and neglected children of the Philippines. The organization provides a loving, Christ-centered home, food, clothing, and medical care to abandoned, abused, homeless and orphaned children.

Program 2
Expenses: $126,327

Mango Home The organization provides transitional care for teenage girls aging out of the orphan system by providing them room and board, medical care, counceling, and job training.

Program 3
Expenses: $281,021

Project Eden The organization is a ministry that provides services to girls rescued from human trafficking. Shelter, food, clothing, education and counseling is provided to girls that have been...

Read more

Project Eden The organization is a ministry that provides services to girls rescued from human trafficking. Shelter, food, clothing, education and counseling is provided to girls that have been rescued.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $385,088
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $385,088

Expense Breakdown

Grants Paid $347,748
Salaries & Benefits $178,012
Fundraising Expenses $0
Program Expenses $669,202
Other Expenses $190,525
TOTAL EXPENSES $716,285

Year-over-Year Comparison

2023 2022 Change
Revenue $385,088 $543,816 -0.3%
Expenses $716,285 $442,465 +0.6%
Net Income $-331,197 $101,351 -4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
5
Volunteers
4

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
$18,210
Total Directors
5
$18,210
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith McDougal President / Executive Director 060.00
Officer Director
$18,210 $0 $18,210
Tri Phenix Secretary 005.00
Officer Director
$0 $0 $0
Todd Hardeman Director 001.00
Director
$0 $0 $0
Robin Hardeman Director 001.00
Director
$0 $0 $0
Ethan Luman Treasurer 001.00
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 $385,088 $716,285 $120,942 $-331,197
2022 $543,816 $442,465 $452,139 $101,351
2021 $524,727 $420,367 $350,788 $104,360
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