Psalm 91 Project INC FY2023 filing

Tax-deductible

Norris City, IL501(c)(3)Since 2021EducationEIN 86-3309503Revenue $145K in FY2023

On file with the IRS386 County Road 450 N, 62869-3409 · Norris City, ILTax-exempt since Oct 2022Publicly supported — 509(a)(2)

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To provide a place of safety and hope where god shows his strength and protection while his love draws US deeper into a relationship with him.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $9K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$35K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$145K
+42% vs prior year
Spent
$120K
To programs
96%
Net assets
$56K
By yearFY2021–FY2025
Revenue
$145K
FY2023▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2021$61K
FY2022$102K
FY2023$145K
FY2024$122K
FY2025$148K
Expenses
$120K
FY2023▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2021$36K
FY2022$95K
FY2023$120K
FY2024$119K
FY2025$163K
Net assets
$56K
FY2023▲ +79%
Tap a bar for its year
Net assets by fiscal year
FY2021$24K
FY2022$31K
FY2023$56K
FY2024$59K
FY2025$44K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2022.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $114K Management & general 4% · $5K

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
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Psalm 91 Project INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides religious education and spiritual guidance.

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1 program · $114K · in their own filed words · FY2023
01

Instruction of children

$114Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$145K
Ln 12
Fees for servicesLn 2g$145K
Money outPt IX
$120K
Ln 25
Programscol B$114K
Managementcol C$5K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$91K
LiabilitiesLn 26$35K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$145K
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$86K
Total assetsLn 16$91K
LiabilitiesLn 26$35K
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$8K$5K
Land, buildings, equipmentLn 10c$70K$86K
Total assetsLn 16$78K$91K
LiabilitiesLn 26$47K$35K
Net assetsLn 32$31K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$48K$48K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$873$873
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$53K$53K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$120K$114K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $148K$163K−$15K$44K 990 PDF
FY2024 $122K$119K$3K$59K 990 PDF
FY2023 Viewing $145K$120K$25K$56K 990 PDF
FY2022 $102K$95K$7K$31K 990 PDF
FY2021 $61K$36K$24K$24K 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 (6 parts)
Part I · Summary $144,546 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $102,078$144,546
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $102,078$144,546
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $34,536$53,567
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,500$66,060
I-18 Total expensesPrior year $95,036$119,627
I-19 Revenue less expensesPrior year $7,042$24,919
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $144,546 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $144,546$144,546
VIII-12 Total revenueRelated to mission $144,546 · Unrelated business $0 · Excluded from tax $0$144,546
Part IX · Statement of functional expenses $119,627 across 9 lines filed
IX-7 Other salaries and wagesPrograms $47,983$47,983
IX-10 Payroll taxesPrograms $5,584$5,584
IX-11c Accounting feesPrograms $1,753$1,753
IX-13 Office expensesPrograms $873$873
IX-20 InterestPrograms $2,220$2,220
IX-22 Depreciation, depletion and amortizationManagement $5,378$5,378
IX-23 InsurancePrograms $1,159$1,159
IX-24 Other expenses (24a–d)Programs $53,221$53,221
IX-24e All other expensesPrograms $1,456$1,456
IX-25 Total functional expensesPrograms $114,249 · Management $5,378 · Fundraising $0$119,627
Part X · Balance sheet $90,986 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $7,994$5,187
X-10c Land, buildings and equipment, netStart of year $70,260$85,799
X-16 Total assetsStart of year $78,254$90,986
X-25 Other liabilitiesStart of year $1,369$1,776
X-26 Total liabilitiesStart of year $46,906$34,719
X-32 Total net assets or fund balancesStart of year $31,348$56,267
X-33 Total liabilities and net assetsStart of year $78,254$90,986
Part XI · Reconciliation of net assets $56,267 net assets at year end
XI-1 Total revenue$144,546
XI-2 Total expenses$119,627
XI-3 Revenue less expenses$24,919
XI-4 Net assets at start of year$31,348
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$56,267

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

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