Founders Ministries Inc

Cape Coral, FL
Tax-exempt since March 1992
EIN: 65-0243661

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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.

Donations to this organization are tax deductible.

Revenue

$1.43M (2022)

Expenses

$1.13M (2022)

Total Assets

$1.59M (2022)

Total Liabilities

$53.4k (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Revenue

$1,432,586

Expenses

$1,130,889

Net Income

$301,697

Net Assets

$1,537,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$820,778	57.3%
Program Services	$504,851	35.2%
Investment Income	$21,696	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$85,261	6.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	8.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$168,678	14.9%

Assets/Debt
Total Assets	$1,590,726
Total Liabilities	$53,371
Net Assets	$1,537,355

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas K Ascol (President)	$90,000	$0	$0
Travis Allen (Chairman)	$0	$0	$0
Bill Ascol (Secretary)	$0	$0	$0
Voddie Baucham (Director)	$0	$0	$0
William Willcutts (Director)	$0	$0	$0
Jared Longshore (Treasurer)	$0	$0	$0

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990

Filed on Nov. 14, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$1,390,834

Expenses

$1,027,192

Net Income

$363,642

Net Assets

$1,304,514

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$783,256	56.3%
Program Services	$589,821	42.4%
Investment Income	$9,082	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$8,675	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$103,000	10.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$98,483	9.6%

Assets/Debt
Total Assets	$1,307,068
Total Liabilities	$2,554
Net Assets	$1,304,514

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas K Ascol (President)	$103,000	$0	$0
Travis Allen (Chairman)	$0	$0	$0
Bill Ascol (Secretary)	$0	$0	$0
Voddie Baucham (Director)	$0	$0	$0
Jared Longshore (Treasurer)	$0	$0	$0

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990

Filed on Nov. 8, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$1,011,068

Expenses

$425,703

Net Income

$585,365

Net Assets

$933,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$477,323	47.2%
Program Services	$537,521	53.2%
Investment Income	$3,794	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$966	0.1%
Sales of Assets	-$8,536
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,984	12.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$73,128	17.2%

Assets/Debt
Total Assets	$935,237
Total Liabilities	$1,904
Net Assets	$933,333

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas K Ascol (President)	$18,900	$0	$0
Jared Longshore (Treasurer)	$5,000	$0	$0
Travis Allen (Secretary)	$0	$0	$0
Voddie Baucham (Director)	$0	$0	$0
Bill Ascol (Director)	$0	$0	$0
Hannah Ascol (Communications Director)	$0	$0	$0

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990

Filed on Nov. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$371,637

Expenses

$344,488

Net Income

$27,149

Net Assets

$341,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$220,884	59.4%
Program Services	$147,078	39.6%
Investment Income	$3,675	1.0%
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	$39,975	11.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$63,114	18.3%

Assets/Debt
Total Assets	$342,810
Total Liabilities	$1,768
Net Assets	$341,042

Compensation

Key Employees and Officers	Compensation	Related	Other
Hannah Ascol (Communications Director)	$20,625	$0	$0
Thomas K Ascol (President)	$19,350	$0	$0
Jared Longshore (Vice President)	$0	$0	$0
Thomas Hicks (Director)	$0	$0	$0
Thomas J Nettles (Director)	$0	$0	$0
Fred Malone (Director)	$0	$0	$0
Jon English Lee (Director)	$0	$0	$0

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990

Filed on Nov. 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$194,702

Expenses

$152,857

Net Income

$41,845

Net Assets

$303,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$106,806	54.9%
Program Services	$82,408	42.3%
Investment Income	$5,488	2.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$304,632
Total Liabilities	$663
Net Assets	$303,969

Compensation

Key Employees and Officers	Compensation	Other
Ken Puls (Editorial Dir.)	$24,076	$0
Thomas K Ascol (President)	$18,000	$0
Jared Longshore (Secretary)	$0	$0
Tom Hicks (Director)	$0	$0
Thomas J Nettles (Vice President)	$0	$0
Fred Malone (Director)	$0	$0
Jon English Lee (Director)	$0	$0

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990-EZ

Filed on Nov. 13, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$233,821

Expenses

$192,829

Net Income

$40,992

Net Assets

$270,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$168,098	71.9%
Program Services	$61,859	26.5%
Investment Income	$3,864	1.7%
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	$18,000	9.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$54,553	28.3%

Assets/Debt
Total Assets	$270,859
Total Liabilities	$663
Net Assets	$270,196

Compensation

Key Employees and Officers	Compensation	Related	Other
Ken Puls (Editorial Dir.)	$32,245	$0	$0
Thomas K Ascol (President)	$18,000	$0	$0
Barbara Reisinger (Admin. Asst)	$15,120	$0	$0
Jared Longshore (Secretary)	$0	$0	$0
Tom Hicks (Director)	$0	$0	$0
Thomas J Nettles (Vice President)	$0	$0	$0
Fred Malone (Director)	$0	$0	$0
Jon English Lee (Director)	$0	$0	$0

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990

Filed on Nov. 1, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$140,379

Expenses

$175,827

Net Income

-$35,448

Net Assets

$224,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$110,599	78.8%
Program Services	$27,685	19.7%
Investment Income	$2,005	1.4%
Net Fundraising	$0
Sales of Assets	$90	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$225,225
Total Liabilities	$1,086
Net Assets	$224,139

Compensation

Key Employees and Officers	Compensation	Other
Ken Puls (Editorial Dir.)	$57,607	$0
Thomas K Ascol (President)	$18,000	$0
Barbara Reisinger (Admin. Asst)	$15,120	$0
Jared Longshore (Director)	$0	$0
Tom Hicks (Director)	$0	$0
Thomas J Nettles (Vice President)	$0	$0
Fred Malone (Director)	$0	$0
Jon English Lee (Director)	$0	$0
Phil Newton (Secretary)	$0	$0

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990-EZ

Filed on July 12, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$139,253

Expenses

$122,688

Net Income

$16,565

Net Assets

$257,382

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$107,958	77.5%
Program Services	$26,508	19.0%
Investment Income	$3,955	2.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$832	0.6%

Assets/Debt
Total Assets	$258,468
Total Liabilities	$1,086
Net Assets	$257,382

Compensation

Key Employees and Officers	Compensation	Other
Ken Puls (Editorial Dir.)	$57,607	$0
Thomas K Ascol (President)	$18,000	$0
Barbara Reisinger (Admin. Asst)	$15,120	$0
Thomas J Nettles (Vice President)	$0	$0
Fred Malone (Director)	$0	$0
Phil Newton (Secretary)	$0	$0

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990-EZ

Filed on Aug. 4, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$146,791

Expenses

$176,118

Net Income

-$29,327

Net Assets

$246,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$81,043	55.2%
Program Services	$59,085	40.3%
Investment Income	$5,703	3.9%
Net Fundraising	$0
Sales of Assets	$960	0.7%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$247,461
Total Liabilities	$1,132
Net Assets	$246,329

Compensation

Key Employees and Officers	Compensation	Other
Ken Puls (Editorial Dir.)	$57,607	$0
Thomas K Ascol (President)	$18,000	$0
Barbara Reisinger (Admin. Asst)	$15,120	$0
Thomas J Nettles (Vice President)	$0	$0
Fred Malone (Director)	$0	$0
Phil Newton (Secretary)	$0	$0

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990-EZ

Filed on Nov. 11, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$183,759

Expenses

$206,621

Net Income

-$22,862

Net Assets

$277,406

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$84,247	45.8%
Program Services	$96,389	52.5%
Investment Income	$3,425	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$302
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,727	43.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$54,200	26.2%

Assets/Debt
Total Assets	$278,778
Total Liabilities	$1,372
Net Assets	$277,406

Compensation

Key Employees and Officers	Compensation	Related	Other
Ken Puls (Editorial Dir.)	$57,607	$0	$0
Thomas K Ascol (President)	$18,000	$0	$0
Barbara Reisinger (Admin. Asst)	$15,120	$0	$0
Thomas J Nettles (Vice President)	$0	$0	$0
Fred Malone (Director)	$0	$0	$0
Phil Newton (Secretary)	$0	$0	$0

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990

Filed on Nov. 12, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$210,751

Expenses

$274,960

Net Income

-$64,209

Net Assets

$289,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$76,649	36.4%
Program Services	$131,687	62.5%
Investment Income	$2,415	1.1%
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	$90,727	33.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$75,033	27.3%

Assets/Debt
Total Assets	$290,926
Total Liabilities	$1,244
Net Assets	$289,682

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$256,064

Expenses

$206,518

Net Income

$49,546

Net Assets

$347,796

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$182,742	71.4%
Program Services	$70,659	27.6%
Investment Income	$2,663	1.0%
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	$90,727	43.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$32,467	15.7%

Assets/Debt
Total Assets	$347,796
Total Liabilities	$0
Net Assets	$347,796

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated October 30, 2024

Founders Ministries Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.43M (2022)

Expenses $1.13M (2022)

Total Assets $1.59M (2022)

Total Liabilities $53.4k (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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

Revenue

$1.43M (2022)

Expenses

$1.13M (2022)

Total Assets

$1.59M (2022)

Total Liabilities

$53.4k (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001

Fiscal Year Ending Dec.
2000