Power Ministries Inc

New Albany, IN
Tax-exempt since Aug. 1988
EIN: 35-1720517

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Details

According to its Dec. 2020 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Reported a significant diversion of assets

Organizations must report any significant unauthorized use of assets upon discovery. A diversion of assets is significant if it exceeds 5% of the organization's gross receipts or assets or $250,000, whichever is lower. Details must be reported on Schedule O.

Revenue

$102k (2020)

Expenses

$129k (2020)

Total Assets

$0 (2020)

Total Liabilities

$0 (2020)

Source: Form 990 tax filings from 2011 to 2020

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2020

Revenue

$102,011

Expenses

$129,197

Net Income

-$27,186

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,636	3.6%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$96,580	94.7%
Net Inventory Sales	$0
Other Revenue	$1,795	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$17,109	13.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Reported conflict of interest transactions

Reported a significant diversion of assets

Compensation

Key Employees and Officers	Compensation	Related	Other
Marijo Cole (Secretary)	$0	$0	$0
Timothy Peoples (Member Of Board Of Directors)	$0	$0	$0
Joe Cole (President)	$0	$0	$0
Jennifer Mc Near (Member Of Board Of Directors)	$0	$0	$0
Roy Kustanbauter (Executive Director)	$0	$0	$0

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990

Filed on Aug. 4, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$50,219

Expenses

$30,310

Net Income

$19,909

Net Assets

$33,910

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$40,136	79.9%
Program Services	$0
Investment Income	$3	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,080	20.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,574	25.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$70,125
Total Liabilities	$36,215
Net Assets	$33,910

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Mc Near (Member Of Board Of Directors)	$0	$0	$0
Joe Cole (President)	$0	$0	$0
Marijo Cole (Secretary)	$0	$0	$0
Timothy Peoples (Member Of Board Of Directors)	$0	$0	$0
Roy Kustanbauter (Executive Director)	$0	$0	$0

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990

Filed on Aug. 9, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$120,404

Expenses

$137,432

Net Income

-$17,028

Net Assets

$12,494

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$64,786	53.8%
Program Services	$55,371	46.0%
Investment Income	$3	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$244	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,536	51.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$51,471
Total Liabilities	$38,977
Net Assets	$12,494

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Mc Near (Member Of Board Of Directors)	$0	$0	$0
Joe Cole (President)	$0	$0	$0
Marijo Cole (Secretary)	$0	$0	$0
Roy Kustanbauter (Executive Director)	$0	$0	$0

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990

Filed on Sept. 11, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$119,263

Expenses

$120,548

Net Income

-$1,285

Net Assets

$29,522

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$68,001	57.0%
Program Services	$51,262	43.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,106	50.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$61,921
Total Liabilities	$32,399
Net Assets	$29,522

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Mc Near (Member Of Board Of Directors)	$0	$0	$0
Joe Cole (President)	$0	$0	$0
Ben Sapp (Treasurer)	$0	$0	$0
Marijo Cole (Secretary)	$0	$0	$0
Roy Kustanbauter (Executive Director)	$0	$0	$0

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990

Filed on Aug. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$133,519

Expenses

$113,557

Net Income

$19,962

Net Assets

$30,808

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$88,916	66.6%
Program Services	$44,526	33.3%
Investment Income	$6	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$71	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$58,097	51.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$71,655
Total Liabilities	$40,847
Net Assets	$30,808

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Roy Kustanbauter (Executive Director)	$41,798	$0	$0
Jennifer Mc Near (Member Of Board Of Directors)	$0	$0	$0
Joe Cole (President)	$0	$0	$0
Ben Sapp (Treasurer)	$0	$0	$0
Marijo Cole (Secretary)	$0	$0	$0

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990

Filed on July 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$112,169

Expenses

$118,181

Net Income

-$6,012

Net Assets

$10,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$69,822	62.2%
Program Services	$42,499	37.9%
Investment Income	$4	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$156
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$63,550	53.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$53,629
Total Liabilities	$43,129
Net Assets	$10,500

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jennifer Mc Near (Member Of Board Of Directors)	$0	$0	$0
Jon Been (Member Of Board Of Directors)	$0	$0	$0
Joe Cole (Secretary)	$0	$0	$0
Theresa Simmons (President)	$0	$0	$0
Ben Sapp (Treasurer)	$0	$0	$0
Marijo Cole (Member Of Board Of Directors)	$0	$0	$0
Roy Kustanbauter (Executive Director)	$0	$0	$0

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990

Filed on Aug. 12, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$127,559

Expenses

$115,749

Net Income

$11,810

Net Assets

$16,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$78,709	61.7%
Program Services	$48,843	38.3%
Investment Income	$7	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$63,550	54.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$47,699
Total Liabilities	$30,729
Net Assets	$16,970

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$128,760

Expenses

$123,899

Net Income

$4,861

Net Assets

$6,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$81,405	63.2%
Program Services	$47,262	36.7%
Investment Income	$5	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$88	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,104	49.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$39,947
Total Liabilities	$33,785
Net Assets	$6,162

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$164,187

Expenses

$146,554

Net Income

$17,633

Net Assets

$5,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$107,046	65.2%
Program Services	$54,238	33.0%
Investment Income	$15	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,888	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$53,558	36.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$47,538
Total Liabilities	$42,196
Net Assets	$5,342

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$133,523

Expenses

$147,011

Net Income

-$13,488

Net Assets

-$12,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$99,846	74.8%
Program Services	$43,635	32.7%
Investment Income	$19	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$1,171
Net Fundraising	$0
Sales of Assets	-$9,316
Net Inventory Sales	$0
Other Revenue	$510	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,491	41.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$38,668
Total Liabilities	$51,124
Net Assets	-$12,456

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Power Ministries Inc

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $102k (2020)

Expenses $129k (2020)

Total Assets $0 (2020)

Total Liabilities $0 (2020)

Tax Filings by Year

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

Revenue

$102k (2020)

Expenses

$129k (2020)

Total Assets

$0 (2020)

Total Liabilities

$0 (2020)

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001