SPIRIT OF BOLDNESS MINISTRIES INC

EIN: 832528722 501(c)(3) Religion

LUBBOCK, TX

Total Revenue
$547,899
Total Expenses
$487,744
Total Assets
$1,360,219
Net Assets
$1,360,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TX
Principal Officer
STEVE TAYLOR
Phone
8067776213
Tax Period
2023-01-01 to 2023-12-31

SPIRIT OF BOLDNESS MINISTRIES INC, founded in 2018, is a small nonprofit in the Religion sector that reported $548K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $488K left a modest 11% surplus.

Mission

To preach and teach the Gospel of Jesus Christ to those who are oppressed. We coordinate with local churches and church members and other ministries in providing a liaison for those people trying to re-establish themselves in society. The Kingdom Towers outreach provides transitional housing, mentoring and spiritual assistance.

Program Service Accomplishments

Program 1
Revenue: $5,030

Preaching the Gospel of Jesus Christ - We coordinate with local churches and church members and other ministries in providing a liaison for those people trying to re-establish themselves in society...

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Preaching the Gospel of Jesus Christ - We coordinate with local churches and church members and other ministries in providing a liaison for those people trying to re-establish themselves in society. Preaching the Gospel of Jesus Christ is central to everything we do. Church services are held with Bible teaching and fellowship, mentoring and encouragement as the oppressed in our community seek a new life through spiritual transformation and indwelling with a Spirit of Boldness.

Program 2
Expenses: $477,420 Revenue: $522,526

Kingdom Towers - We provide transition housing to individuals newly released from prison seeking a new life in Christ. Preaching the Gospel of Jesus Christ with church services, mentoring, assistance...

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Kingdom Towers - We provide transition housing to individuals newly released from prison seeking a new life in Christ. Preaching the Gospel of Jesus Christ with church services, mentoring, assistance in finding work and re-establishing themselves meaningfully in society. We believe that Jesus Christ is the center of true life change and the focus over everything we do. We facilitate community engagement by partnering with local ministries, volunteering in the local community to bring God glory, and supporting the difficult transition into an often unwelcoming society, pointing them to Jesus for true healing and restoration.

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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 $25,030
Program Service Revenue $522,526
Investment Income $343
Other Revenue $0
TOTAL REVENUE $547,899

Expense Breakdown

Grants Paid $30,420
Salaries & Benefits $228,326
Fundraising Expenses $0
Program Expenses $477,420
Other Expenses $228,998
TOTAL EXPENSES $487,744

Year-over-Year Comparison

2023 2022 Change
Revenue $547,899 $495,619 +0.1%
Expenses $487,744 $522,103 -0.1%
Net Income $60,155 $-26,484 -3.3%
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
5
Employees
9
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
2
$98,800
Total Directors
5
$98,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Taylor Presdient, Treasurer 040.00
Officer Director
$98,800 $0 $98,800
Steve Canup Vice President 008.00
Officer Director
$0 $0 $0
Mark Stripling Director 005.00
Director
$0 $0 $0
Albert Gutierrez Director 001.00
Director
$0 $0 $0
Gary Delay Director 001.00
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 No data No data No data No data
2023 $547,899 $487,744 $1,360,219 $60,155
2022 $495,619 $522,103 $1,300,064 $-26,484
2021 $1,571,016 $247,115 $1,326,548 $1,323,901
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