Ksbj Special Events

Nonprofit profile at a glance

EIN
760371181
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Humble, TX, USA
Phone
2814465725
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$285,103
Expenses
$985,622
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JOE PAULO (CEO & PRESID)

People named in this filing

  • BOB ETHINGTON (BOARD CHAIR/)
  • JOE PARLE (VICE CHAIR/D)
  • HEATHER PUCA (SEC./TREAS./)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ksbj special events' purpose is to be the voice of hope, connecting people more deeply to god through live events based on the gospel of jesus christ.

What it reported doing in 2020

Ksbj special events (special events) is a ministry that serves to bring together the body of christ. The events we produce serve as a place of worship where believers can come together regardless of denomination, race, political affiliation, or economic status in worship of jesus. The ministry of special events not only provides an opportunity for people to be ministered to through music from their favorite christian artists, but it is also our goal to introduce jesus to every attendee at every event. While the presentation of the gospel may look different depending on the audience or the presenter, we seek to provide a safe space to learn about jesus for both those wanting to grow deeper in their relationship with him and for those who are choosing to accept him for the first time. In partnership with the ksbj prayer department, special events provides opportunities for each event attendee to receive individual prayer onsite or through a text-to-pray platform designed for those who may not be ready to speak to someone face-to-face. In collaboration with the ksbj volunteer department, special events also works to provide volunteers the opportunity to serve the kingdom of god through the concerts and event we produce. We also proudly work with other area ministries and organizations to help highlight their purpose and programs through our ministry spotlight initiative. As of 12/31/2020 the organization ceased operations as a separate company and merged into hope media group. The assets were donated and recorded at the book value of the assets donated.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 9
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.6%; rating input score 99
  • Fundraising efficiency: $35.46 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -245.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: -5.6% per year; rating input score 0; 26th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.6% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $972K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Highest-paid contractors: 1 contractor listed · $148K reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.