Walton Tithe Trust EIN 23-7100503

Walton Tithe Trust FY2021 filing

EIN  23-7100503 Supporting organization Bartlett, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds Baptist churches, ministries, and missions.
Leadership
Mark Richey · Trustee
Money in and out
$14K revenue, $89K expenses
Bottom line
-554% net inflow

Funds Baptist churches, ministries, and missions. For fiscal year 2021 it reported $14K in revenue, $89K in expenses, and $2.0M in net assets.Pt I

Money in and out · FY2021
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$89K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$76K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Net inflow
-554%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
81%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$14K
FY2021▲ +120%
Expenses
$89K
FY2021▼ -28%
Total assets
$2.0M
FY2021▲ +12%
Total liabilities
$0
FY2021
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$89K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$76K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B81%
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 $72K of program spending, described in the organization's own filed words · FY2020.
01

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

$72Kprogram 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 (FY2020); the FY2021 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$11K · 78%
Investment income$3K · 22%
Other revenue78%$11K
Investment income22%$3K
Total revenueLn 12$14K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$72K
Management & general19%$17K
Total functional expensesLn 25$89K

Balance Sheet

Part X · end of year
CashLn 1$16K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.0M
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $89K
265.1 months
Where the money goes
Program services
Program services $72K · Total expenses $89K
81%
Management & General
Management & general $17K · Total expenses $89K
19%
Fundraising
Fundraising $0 · Total expenses $89K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $14K
0%
Government reliance
Government grants — · Total revenue $14K
Earned-income share
Program service revenue $0 · Total revenue $14K
0%
Investment reliance
Investment income $3K · Total revenue $14K
+22%
Program self-sufficiency
Program service revenue $0 · Total expenses $89K
0%
Growth & trend
Revenue growth (YoY)
This year $14K · Prior year $6K
Prior-year revenue below floor — showing dollar change
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 $14K · Expenses $89K
-554%
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) $2.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
99%
People & payroll
Highest Reported Total Compensation
Individual Mark Richey · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $89K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3K · Total expenses $89K
3%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 19%
Revenue growth 120%
Investment management 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 · ⤓ 990 PDF
FY2023$134K revenue · ⤓ 990 PDF
FY2022$14K revenue · ⤓ 990 PDF
FY2021$14K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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