Walton Tithe Trust EIN 23-7100503

Walton Tithe Trust

EIN  23-7100503 Supporting organization Bartlett, TX
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds Baptist churches, ministries, and missions.
Leadership
Mark Richey · Trustee
Money in and out
$397K revenue, $125K expenses
Bottom line
+69% net inflow

Funds Baptist churches, ministries, and missions. For fiscal year 2024 it reported $397K in revenue, $125K in expenses, and $2.0M in net assets.Pt I

Money in and out · FY2024
Total revenue
$397K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $272K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Net inflow
+69%
revenue over expenses, this year▲ +150% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
80%
of expenses reach stated programs▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$397K
FY2024▲ +196%
Expenses
$125K
FY2024▲ +28%
Total assets
$2.0M
FY2024▲ +16%
Total liabilities
$0
FY2024
Total revenue
$397K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$272K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $100K of program spending, described in the organization's own filed words · FY2023.
01

Contribution to 1ST baptist church of bartlett, umhb grant, and various organizations

$100Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWalton Tithe Trust
EINHdr · item D23-7100503
Principal addressHdr · item CBartlett, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21I)
Ruling yearIRS BMFMar 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$393K · 99%
Investment income$4K · 1%
Other revenue99%$393K
Investment income1%$4K
Total revenueLn 12$397K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$100K
Management & general20%$25K
Total functional expensesLn 25$125K

Balance Sheet

Part X · end of year
CashLn 1$32K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.0M
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $125K
188.8 months
Where the money goes
Program services
Program services $100K · Total expenses $125K
80%
Management & General
Management & general $25K · Total expenses $125K
20%
Fundraising
Fundraising $0 · Total expenses $125K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $397K
0%
Government reliance
Government grants — · Total revenue $397K
Earned-income share
Program service revenue $0 · Total revenue $397K
0%
Investment reliance
Investment income $4K · Total revenue $397K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $125K
0%
Growth & trend
Revenue growth (YoY)
This year $397K · Prior year $134K
+196%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $397K · Expenses $125K
+69%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
98%
People & payroll
Highest Reported Total Compensation
Individual Mark Richey · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $125K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3K · Total expenses $125K
2%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Revenue growth 196%
Investment management fee ratio 1%
Legal fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $371K · 2019–2023
1st Baptist ChurchFY2023$50,000
UmhbFY2023$15,000
1st Baptist ChurchFY2022$40,000
UmhbFY2022$20,000
1st Baptist ChurchFY2021$47,000
UmhbFY2021$20,000
1st Baptist ChurchFY2020$36,037
UmhbFY2020$20,000
1st Baptist ChurchFY2019$51,717
UmhbFY2019$20,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$397K revenue · viewing · ⤓ 990 PDF
FY2023$134K revenue · ⤓ 990 PDF
FY2022$14K revenue · ⤓ 990 PDF
FY2021$14K revenue · ⤓ 990 PDF
FY2020$6K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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