philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in
Simplicity Ministries EIN 74-2934302

Simplicity Ministries

EIN  74-2934302 Religious organization Fairview, OR
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Simplicity Ministries claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Spreads the gospel and teaches devoted Christian living through preaching, discipleship, and church planting.
Leadership
Mike Thibodeaux · President · $82K
Money in and out
$202K revenue, $176K expenses
Bottom line
68% program efficiency

Spreads the gospel and teaches devoted Christian living through preaching, discipleship, and church planting. For fiscal year 2024 it reported $202K in revenue, $176K in expenses, and $203K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.19 Fundraising $0.13
Program efficiency
68%
of spending reaches programs
Operating runway
13.9mo
months of highly liquid reserves at operating expense rate▲ +14% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +231% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$202K
FY2024▲ +26%
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$204K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $119K of program spending, described in the organization's own filed words · FY2024.
01

TRAVELING PREACHING MINISTRYEvangelist Mike Thibodeaux preaches at ministry events each year in partnership with local churches, primarily in the Northwest, including but not limited to: youth and college camps and events, revivals & evangelistic events, Sunday services, Simple Evangelism conferences, men's events, marriage conferences…

$119Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSimplicity Ministries
EINHdr · item D74-2934302
Principal addressHdr · item CFairview, OR
WebsiteHdr · item Jsimplicityministries.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFMar 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$82,070Pt VII · Sec A
Debbie Thibodeaux
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jay Hill
Treasurer
$0Pt VII · Sec A
Tim Porter
Secretary
$0Pt VII · Sec A

Mike Thibodeaux’s $82K as President is at the 80th percentile of top reported officer pay among 2136 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mike Thibodeaux$82,070$102,190$92,115$87,464—
Mike Thibodeaux————$87,264

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Simplicity Ministries executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$188K · 93%
Program service revenue$10K · 5%
Investment income$4K · 2%
Contributions & grants93%$188K
Program service revenue5%$10K
Investment income2%$4K
Total revenueLn 12$202K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.19 Fundraising $0.13
Program services68%$119K
Management & general19%$34K
Fundraising13%$23K
Total functional expensesLn 25$176K

Balance Sheet

Part X · end of year
CashLn 1$204K
Total assetsLn 16$204K
Total liabilitiesLn 26$379
Total net assetsLn 32$203K
Months of cash on handcomputed13.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $204K · Operating expenses/yr $176K
13.9 months
Where the money goes
Program services
Program services $119K · Total expenses $176K
68%
Management & General
Management & general $34K · Total expenses $176K
19%
Fundraising
Fundraising $23K · Total expenses $176K
13%
Cost to raise $1
Fundraising expense $23K · Solicited contributions $188K
$0.12 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $188K · Total revenue $202K
93%
Government reliance
Government grants — · Total revenue $202K
—
Earned-income share
Program service revenue $10K · Total revenue $202K
5%
Investment reliance
Investment income $4K · Total revenue $202K
+2%
Program self-sufficiency
Program service revenue $10K · Total expenses $176K
6%
Growth & trend
Revenue growth (YoY)
This year $202K · Prior year $160K
+26%
Revenue CAGR
FY2020 $137K · FY2024 $202K
+10%
Net-asset trend (YoY)
End of year $203K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $202K · Expenses $176K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $204K
—
Net-asset ratio
Net assets $203K · Total assets $204K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $204K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mike Thibodeaux · Reported title President · Highest reported compensation $82K · Total expenses $176K
47%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $150K · Total expenses $176K
85%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 19%——
Fundraising cost ratio 12%——
Revenue growth 26%——
Accounting fee ratio 2%——

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.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$202K revenue · viewing · ⤓ 990 PDF
FY2023$160K revenue · ⤓ 990 PDF
FY2022$155K revenue · ⤓ 990 PDF
FY2021$141K revenue · ⤓ 990 PDF
FY2020$137K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.