Midas Missions EIN 87-1748158 Form 990 (PDF) Claim this org

Midas Missions FY2023 filing

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Advances the Kingdom through spiritual, sports, health, and family programs. For fiscal year 2023 it reported $48K in revenue, $41K in expenses, and $10K in net assets.Pt I

Type
Religious organization · Religion
Location
Peoria, AZ
Filings
3 on file (2022–2023)
Revenue
$48KFY2023
Expenses
$41K
Net assets
$10K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-1748158 Religious organization Peoria, AZ
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Advances the Kingdom through spiritual, sports, health, and family programs.
Leadership
Cathy Oliva · President
Money in and out
$48K revenue, $41K expenses
Bottom line
31% program efficiency
Where the money goes · FY2023
Total revenue
$48K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.31 Management & general $0.52 Fundraising $0.17
Program efficiency
31%
of spending reaches programs
Operating runway
2.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$48K
FY2023▼ -78%
Expenses
$41K
FY2023▼ -81%
Total assets
$10K
FY2023▼ -50%
Total liabilities
$0
FY2023
Total revenue
$48K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$10K
Program-expense ratioPt IX · col B31%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMidas Missions
EINHdr · item D87-1748158
Principal addressHdr · item CPeoria, AZ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFNov 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $13K of program spending, described in the organization's own filed words · FY2023.
01

Provide support in administrative tasks, aid in fundraising initiatives, and contribute to achieving the program objectives for its subsidiary nonprofits, including the zach hoffpauir project, kingdom hockey, olive branch ministry, as well as mary shannon ministries, a standalone 501(c)(3) organization.

$13Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$48K · 99%
Contributions & grants$487 · 1%
Program service revenue99%$48K
Contributions & grants1%$487
Total revenueLn 12$48K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.31 Management & general $0.52 Fundraising $0.17
Program services31%$13K
Management & general52%$21K
Fundraising17%$7K
Total functional expensesLn 25$41K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$10K
Total liabilitiesLn 26$0
Total net assetsLn 32$10K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10K · Operating expenses/yr $41K
2.9 months
Where the money goes
Program services
Program services $13K · Total expenses $41K
31%
Management & General
Management & general $21K · Total expenses $41K
52%
Fundraising
Fundraising $7K · Total expenses $41K
17%
Cost to raise $1
Fundraising expense (2-yr avg) $5K · Solicited contributions (2-yr avg) $84K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $487 · Total revenue $48K
1%
Government reliance
Government grants — · Total revenue $48K
Earned-income share
Program service revenue $48K · Total revenue $48K
99%
Investment reliance
Investment income $0 · Total revenue $48K
0%
Program self-sufficiency
Program service revenue $48K · Total expenses $41K
116%
Growth & trend
Revenue growth (YoY)
This year $48K · Prior year $218K
-78%
Net-asset trend (YoY)
End of year $10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $48K · Expenses $41K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $10K
Net-asset ratio
Net assets $10K · Total assets $10K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cathy Oliva · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $41K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1K · Total expenses $41K
3%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 31%
Overhead ratio 52%
Fundraising cost ratio ×15
Revenue growth -78%
Legal fee ratio 5%
Accounting 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $8K · 2024–2024
Mary Shannon MinistriesAZ · FY2024$7,778

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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)$57K revenue · ⤓ 990 PDF
FY2023$48K revenue · viewing · ⤓ 990 PDF
FY2022$218K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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