EVANGELICAL DEVELOPMENT MINISTRY INC

EIN: 752216546 501(c)(3) Religion

DALLAS, TX

Total Revenue
$2,768,549
Total Expenses
$2,630,573
Total Assets
$4,075,330
Net Assets
$3,510,843
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TX
Principal Officer
H ANDREW READ
Phone
9406123364
Tax Period
2023-01-01 to 2023-12-31

EVANGELICAL DEVELOPMENT MINISTRY INC, founded in 1989, is a community nonprofit in the Religion sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $2.6M left a modest 5% surplus.

Mission

THE CORPORATION PROMOTES THE GOSPEL MESSAGE OF JESUS CHRIST BY SERVING EVANGELISTIC AND MISSIONARY ACTIVITIES, INCLUDING MISSIONS, CHURCHES, CHRISTIAN CAMPS AND EDUCATION INSTITUTIONS THROUGH RESEARCH, TRAINING, AND COUNSELING TO HELP FULFILL THE GREAT COMMISSION.

Program Service Accomplishments

Program 1
Expenses: $848,647 Revenue: $426,574

TEXAS ARMS OF LOVE, ARMS OF LOVE MINISTRY, SAN ANTONIO ARMS OF LOVE, ARMS OF LOVE PRESS: TEXAS ARMS OF LOVE ASSISTS MINISTRIES WITH RESOURCES AND SUPPLIES ENABLING THEM TO STRENGTHEN THEIR MISSION...

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TEXAS ARMS OF LOVE, ARMS OF LOVE MINISTRY, SAN ANTONIO ARMS OF LOVE, ARMS OF LOVE PRESS: TEXAS ARMS OF LOVE ASSISTS MINISTRIES WITH RESOURCES AND SUPPLIES ENABLING THEM TO STRENGTHEN THEIR MISSION AND FUNCTION AT A LARGER CAPACITY. THOUSANDS ON MINISTRIES HAVE BEEN ASSISTED OVER THE YEARS; ARMS OF LOVE MINISTRY HELPS INDIVIDUALS IN THEIR MOMENT OF NEED OR CRISIS. HUNDREDS OF INDIVIDUALS HAVE BEEN CARED FOR AND PRAYED FOR; ARMS OF LOVE PRESS PROVIDES PRINTED MATERIALS TO VARIOUS ORGANIZATIONS INCLUDING PRISONS; SAN ANTONIO ARMS OF LOVE HAS REACHED OVER 50,000 YOUTH IN PUBLIC MEETINGS, STUDY GROUPS, AND PRAYER MEETINGS. BIBLE STUDY RADIO PROGRAMS ARE AIRED WEEKLY.

Program 2
Expenses: $446,716

THE ORGANIZATION SUPPORTS MISSION MESSIAH WHICH PROVIDES HOMES FOR WOMEN AND CHILDREN WHO HAVE BATTLED ADDITION OR ABUSE. THE PROGRAM PROVIDES SUPPORT AND LIFESTYLE TRAINING TO HELP THESE WOMEN LEAD...

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THE ORGANIZATION SUPPORTS MISSION MESSIAH WHICH PROVIDES HOMES FOR WOMEN AND CHILDREN WHO HAVE BATTLED ADDITION OR ABUSE. THE PROGRAM PROVIDES SUPPORT AND LIFESTYLE TRAINING TO HELP THESE WOMEN LEAD INDEPENDENT AND PRODUCTIVE LIVES.

Program 3
Expenses: $1,285,027

MISSIONARY ACTIVITIES CARRIED ON BY THE ORGANIZATION SUPPORT INDIVIDUALS, COMMUNITIES, AND OTHER NOT-FOR-PROFIT ORGANIZATIONS. THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO OVER THIRTY OTHER...

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MISSIONARY ACTIVITIES CARRIED ON BY THE ORGANIZATION SUPPORT INDIVIDUALS, COMMUNITIES, AND OTHER NOT-FOR-PROFIT ORGANIZATIONS. THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO OVER THIRTY OTHER ORGANIZATIONS WHOSE PROGRAMS INCLUDE SUPPORTING U.S. TROOPS, PROVIDE MEDICAL CARE, CLOTHING, FOOD, AND EDUCATION OPPORTUNITIES FOR ORPHANS AND SINGLE MOTHERS, PROVIDE FINANCIAL SUPPORT FOR WIDOWS AND SINGLE MOTHERS, PROVIDE SUPPORT FOR MINISTRIES BOTH LOCALLY AND ABROAD, PROVIDE BIBLE STUDY PROGRAMS, AND MANY OTHER PROGRAMS DEVOTED TO SPREADING THE TEACHINGS OF CHRIST.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,123,949
Program Service Revenue $223,461
Investment Income $27,745
Other Revenue $393,394
TOTAL REVENUE $2,768,549

Expense Breakdown

Grants Paid $348,796
Salaries & Benefits $207,208
Fundraising Expenses $1,888
Program Expenses $2,580,390
Other Expenses $2,074,569
TOTAL EXPENSES $2,630,573

Year-over-Year Comparison

2023 2022 Change
Revenue $2,768,549 $3,250,271 -0.1%
Expenses $2,630,573 $2,629,478 +0.0%
Net Income $137,976 $620,793 -0.8%
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
239
Independent Members
219
Employees
6
Volunteers
1300

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
4
$76,596
Total Directors
7
$76,596
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
H ANDREW READ PRESIDENT/DIRECTOR 60.00
Officer Director
$3,500 $0 $3,500
JAMES MCKINNEY TREASURER 1.00
Officer Director
$0 $0 $0
DENE ALLRED CHAIRMAN 1.00
Officer Director
$0 $0 $0
HOLMES M BRYAN JR SECRETARY 60.00
Officer Director
$73,096 $0 $73,096
RICK WAGGONER DIRECTOR 1.00
Director
$0 $0 $0
JAMES BRIDGES DIRECTOR 1.00
Director
$0 $0 $0
DAVID KING DIRECTOR 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
2023 $2,768,549 $2,630,573 $4,075,330 $137,976
2022 $3,250,271 $2,629,478 $3,950,838 $620,793
2021 $2,246,254 $2,375,885 $2,951,240 $-129,631
2020 $3,092,275 $2,680,603 $3,187,736 $411,672
2019 $3,727,462 $3,705,569 $3,013,518 $21,893
2018 $3,081,690 $3,178,435 $3,085,613 $-96,745
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