Bless Asia Network FY2023 filing

Tax-deductible

Houston, TX501(c)(3)ReligionEIN 36-4861544

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To fulfil the great commission of christ

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $20K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$44K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$298K
+98% vs prior year
Spent
$260K
To programs
97%
Net assets
$120K
By yearFY2020–FY2024
Revenue
$298K
FY2023▲ +98%
Revenue by fiscal year
FY2020$66K
FY2021$74K
FY2022$150K
FY2023$298K
FY2024$242K
Expenses
$260K
FY2023
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$260K
FY2024$320K
Net assets
$120K
FY2023▲ +47%
Net assets by fiscal year
FY2020$7K
FY2021$9K
FY2022$81K
FY2023$120K
FY2024$42K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $253K Management & general 3% · $7K Fundraising 0% · $263

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Bless Asia Network executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Spreading Christian teachings and faith globally to fulfill Christ's mission.

Provided by the organization

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3 program services account for $253K of program spending, described in the organization's own filed words · FY2023.
01

MISSIONARY AND MINISTRY EXPENSE SUPPORT-By God's grace, the ministry was able to help provide reimbursement for travel and other needs of many ministers and ministry programs directing helping the poor and needy souls where they minister.

$231Kprogram expense
02

BIBLE COLLEGE-The ministry was able to help offset Bible college expenses and allow people to be trained to be workers who do not need to be ashamed, rightly dividing the Word of Truth.

$13Kprogram expense
03

HOUSE OF PRAYER-Prayer is the foundation for ministry and Bless Asia was privileged to be able to help offset the cost of running this vital ministry where it is needed most.

$9Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$5

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$298K
Ln 12
Gifts and grantsLn 1h$298K
Investment incomeLn 3$29
Money outPt IX
$260K
Ln 25
Programscol B$253K
Managementcol C$7K
Fundraisingcol D$263
Owns and owesPt X
$120K
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$164K
LiabilitiesLn 26$44K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$298K
Investment incomeLn 3$29
Gains on assetsLn 7$0
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$0
Cash and savings togetherLn 1–2$122K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$40K
Other assetsLn 15$2
Total assetsLn 16$164K
LiabilitiesLn 26$44K
Net assetsLn 32$120K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$81K$122K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$81K$164K
LiabilitiesLn 26$0$44K
Net assetsLn 32$81K$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$172K$172K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$16K$16K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$263$263
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$10K$10K
TravelLn 17$41K$41K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$8K$7K$802
All other expensesLn 24e$226$226
Total functional expensesLn 25$260K$253K$7K$263

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $242K$320K−$78K$42K 990 PDF
FY2023 Viewing $298K$260K$38K$120K 990 PDF
FY2022 $150K$81K 990 PDF
FY2021 $74K$9K 990 PDF
FY2020 $66K$7K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $298,294 across 8 lines filed
VIII-1f All other contributions, gifts and grants$298,265
VIII-1h Total contributions, gifts and grants$298,265
VIII-3 Investment incomeRelated to mission $29$29
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $29$298,294
Part IX · Statement of functional expenses $259,980 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $172,122$172,122
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $16,500$16,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $1,753$1,753
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionFundraising $263$263
IX-13 Office expensesPrograms $5,429$5,429
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $10,010$10,010
IX-17 TravelPrograms $41,125$41,125
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $4,460$4,460
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $7,290 · Management $802$8,092
IX-24e All other expensesPrograms $226$226
IX-25 Total functional expensesPrograms $252,702 · Management $7,015 · Fundraising $263$259,980
Part X · Balance sheet $164,127 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $81,487$121,590
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$2,391
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$40,144
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$2
X-16 Total assetsStart of year $81,487$164,127
X-17 Accounts payable and accrued expenses$1,431
X-26 Total liabilitiesStart of year $0$44,326
X-27 Net assets without donor restrictionsStart of year $81,487$119,801
X-32 Total net assets or fund balancesStart of year $81,487$119,801
X-33 Total liabilities and net assetsStart of year $81,487$164,127
Part XI · Reconciliation of net assets $119,801 net assets at year end
XI-1 Total revenue$298,294
XI-2 Total expenses$259,980
XI-3 Revenue less expenses$38,314
XI-4 Net assets at start of year$81,487
XI-10 Net assets at end of year$119,801

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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