TERRY LAW MINISTRIES INC

EIN: 730934739 501(c)(3)

TULSA, OK

Total Revenue
$2,143,304
Total Expenses
$1,960,414
Total Assets
$2,444,290
Net Assets
$2,202,431
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
OK
Principal Officer
JASON LAW
Phone
9184922858
Tax Period
2024-01-01 to 2024-12-31

TERRY LAW MINISTRIES INC, founded in 1971, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $2.0M left a modest 9% surplus.

Mission

TO TAKE THE MESSAGE OF JESUS CHRIST TO NATIONS THAT ARE HOSTILE TO THE GOSPEL, EMPOWERING LOCAL BODIES OF BELIEVERS TO SUPPORT THE SPIRITUAL AND PHYSICAL TRANSFORMATION OF LIVES.

Program Service Accomplishments

Program 1
Expenses: $1,751,576 Revenue: $779

CHINA: THE CHARITY CONTINUED ITS TRAINING AND DISCIPLESHIP PROGRAMS IN CHINA THROUGHOUT 2024. THERE WERE 2,053 NEW STUDENTS ENROLLED AND A TOTAL OF 4,546 STUDENTS STUDYING IN THE ABC DISCIPLESHIP AND...

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CHINA: THE CHARITY CONTINUED ITS TRAINING AND DISCIPLESHIP PROGRAMS IN CHINA THROUGHOUT 2024. THERE WERE 2,053 NEW STUDENTS ENROLLED AND A TOTAL OF 4,546 STUDENTS STUDYING IN THE ABC DISCIPLESHIP AND LEADERSHIP TRAINING PROGRAM. WE HAD 1,500 STUDENTS GRADUATE FROM THE ABC PROGRAM AND HAVE OVER 1,200 WAITING TO ENROLL. WE HAVE A TOTAL OF 397 STUDENTS IN THE CMS MISSION SCHOOL PROGRAM AND GRADUATED 72 CMS STUDENTS. THE ABC AND DMS PROGRAMS CONTINUE TO BE A MAJOR OUTREACH OF WORLD COMPASSION IN SPREADING THE GOSPEL IN CHINA ALONG WITH SIGNIFICANT TRAINING OF BELIEVERS THROUGHOUT THE NATION. IN 2025, WE HOPE TO ADD 7,000 NEW STUDENTS TO THESE PROGRAMS. CUBA: IN 2024, THE CHARITY CONTINUED TO SUPPORT CHURCH PLANTING EFFORTS IN THE COUNTRY OF CUBA BY SUPPORTING TWO CHURCHES THAT STARTED TO BUILD, REMODEL AND EXPAND THEIR BUILDINGS. IN ORDER FOR PASTORS TO REACH THOSE IN NEED AND SERVE THEIR COMMUNITY AT CHRISTMAS, WE PROVIDED FOOD AND SUPPLIES FOR THEM TO DISTRIBUTE. WE PLAN TO CONTINUE TO PARTNER WITH THE PASTORS IN CUBA TO HELP THEIR CHURCH PLANTING EFFORTS AND CHURCH BUILDING PROJECTS IN 2025. IRAN: THE CHARITY CONTINUED PLACING BIBLES IN IRAN IN 2024. WORLD COMPASSION SUCCESSFULLY DELIVERED OVER 8,000 BIBLES INTO IRAN IN 2024. WE PLAN TO CONTINUE MOVING BIBLES INTO THE COUNTRY, CREATING ONE ON ONE CONNECTION POINTS BETWEEN CHRISTIANS, NEW BELIEVERS, AND EVEN MUSLIMS THAT ARE SEEKING THE TRUTH IN GOD'S WORD. TO FURTHER SUPPORT THE LEADERS AND PASTORS OF IRAN, WE HOSTED A WEEKLY VIRTUAL TEACHING TO IRANIAN PASTORS AND LEADERS. IN 2025, WORLD COMPASSION HAS A GOAL OF DISTRIBUTING 500 DISCIPLESHIP KITS AND 40,000 BIBLES. IRAQ: IN 2024, WORLD COMPASSION CONTINUED THE SKILLS TRAINING PROGRAM FOR REFUGEE WOMEN. WE HAD 471 NEW STUDENTS JOIN THE PROGRAM AND 317 WOMEN GRADUATED FROM THE PROGRAM. THE SKILLS THEY LEARNED WILL HELP DEVELOP A NEW LIVELIHOOD FOR THEM AND THEIR FAMILIES. WHILE ATTENDING THE SKILLS TRAINING PROGRAM, CHILDCARE IS PROVIDED, AND THE GOSPEL IS SHARED. THE CHARITY SERVED 5,594 FAMILIES THROUGH THE MOBILE MEDICAL TRUCK, WHERE THEY WERE SEEN BY DOCTORS AND PROVIDED BASIS MEDICAL CARE. AT EACH VISIT THERE IS AN OPPORTUNITY FOR PRAYER AND THE GOSPEL TO BE SHARED. WORLD COMPASSION FUNDED TWO SMALL BUSINESS START-UPS FOR CHRISTIAN FAMILIES. THE CHARITY ALSO DISTRIBUTED 500 RELIEF PACKS OF FOOD, SUPPLIES AND BIBLES DURING CHRISTMAS, AS AN OUTREACH TO FAMILIES. IN 2025, WE HOPE TO EXPAND THE MEDICAL OUTREACH TO MORE VILLAGES, PLAN TWO ADDIONAL SKILLS TRAINING PROGRAMS AND HELP SIX SMALL BUSINESSES LAUNCH. MYANMAR: DURING 2024, WORLD COMPASSION CONTINUED TO TRAIN AND DISCIPLE STUDENTS AND LEADERS THROUGH LOCAL CHURCHES AND PASTORS USING THE ABC CURRICULUM. THERE WERE A TOTAL OF 2,683 STUDENTS ACTIVLY STUDYING ABC, 974 OF THOSE BEING NEW STUDENTS IN 2024 AND 60 STUDENTS GRADUATED FROM THE PROGRAM. THE MINISTRY TRAINING CENTRE (MTC) FOR MISSION STUDENTS SERVED 29 STUDENTS FOR A NINE-MONTH TRAINING SESSION, AND 40 STUDENTS ENROLLED FOR THE NEXT NINE MONTHS OF TRAINING. A TOTAL OF SEVEN STUDENTS GRADUATED FROM MTC IN 2024. THE CHARITY PROVIDED OVER 500 RELIEF PACKS OF FOOD, SUPPLIES AND BIBLES TO FAMILIES THROUGH LOCAL CHRUCHES AT CHRISTMAS, PROVIDING THE OPPORTUNITY TO PRAY AND SHARE THE GOSPEL. IN 2025, WE HAD TO ADD 2,000 NEW ABC STUDENTS, SUPPLY LOCAL CHURCHES WITH OUTREACH SUPPLIES TO REACH THOSE IN NEED IN THEIR COMMUNITY AND HELP BUILD A NEW SCHOOL TO PROVIDE A CHRISTIAN EDUCATION TO YOUNG CHILDREN. UNITE MY CITY: IN 2024, THE CHARITY ORGANIZED PASTOR CONNECT LUNCHES, MEETINGS AND ACTIVITIES TO STRENGTHEN AND UNIFY THE PASTORS AND CHURCH IN TULSA. OTHER MINISTRY ACTIVITIES: DURING 2024, JASON LAW SPOKE AT A FEW CHURCHES AND HOSTED SEVERAL PASTORS ON RETREATS TO STRENGTHEN AND DEVELOP CHURCH PARTNERSHIPS WITH WORLD COMPASSION. JASON LAW TRAVELED TO THE UNITE KINGDOM TO HOST PARTNER DINNERS TO GIVE UPDATES AND CONNECT WITH DONORS. THE MINISTRY SENT MONTHLY COMMUNICATIONS TO THOUSANDS OF PARTNERS IN CONTINUING MISSION FULFILLMENT OF WORLD COMPASSION.

Program 2

DONATIONS TO OTHER EXEMPT ORGANIZATIONS TO HELP FURTHER THEIR EXEMPT PURPOSE.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,015,430
Program Service Revenue $779
Investment Income $64,702
Other Revenue $62,393
TOTAL REVENUE $2,143,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $530,979
Fundraising Expenses $77,815
Program Expenses $1,751,576
Other Expenses $1,429,435
TOTAL EXPENSES $1,960,414

Year-over-Year Comparison

2024 2023 Change
Revenue $2,143,304 $2,563,156 -0.2%
Expenses $1,960,414 $2,185,486 -0.1%
Net Income $182,890 $377,670 -0.5%
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
5
Independent Members
3
Employees
6
Volunteers
N/A

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
$187,750
Total Directors
6
$209,648
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON LAW PRESIDENT 40.00
Officer Director
$68,385 $64,115 $132,500
JEFFERY GEUDER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
BETH LAW SECRETARY/TR 40.00
Officer
$55,250 $0 $55,250
CHRIS HART TRUSTEE 2.00
Director
$6,000 $30,000 $36,000
JOEL VESANEN TRUSTEE 1.00
Director
$0 $41,148 $41,148
MARK BORROWS TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW SWAGGART TRUSTEE 1.00
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
2024 $2,143,304 $1,960,414 $2,444,290 $182,890
2023 $2,563,156 $2,185,486 $2,335,416 $377,670
2022 $2,211,266 $3,053,092 $1,993,864 $-841,826
2021 $2,323,932 $1,639,517 $2,897,533 $684,415
2020 $1,847,872 $1,377,797 $2,281,587 $470,075
2019 $1,774,471 $1,618,326 $2,069,773 $156,145
2018 $1,877,047 $1,677,054 $2,037,257 $199,993
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