Nonprofit · EIN 46-2049340
PSALM 119 ASSOCIATION INC
Tax-exempt · TITUSVILLE, FL 32780
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $620,894 | $564,908 | $55,986 | $2,411,425 | $3,524 | $2,407,901 |
| June 30, 2024 | 990 (amended) | $732,528 | $654,771 | $77,757 | $2,386,382 | $6,741 | $2,379,641 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $532,819
- Investment income
- $90,170
- Net gain from sales of assets
- $58,013
- Net income from sales of inventory
- -$2,095
- Other revenue
- -$2,095
Expenses
- Grants and similar amounts paid
- $3,323
- Compensation of officers, directors and key employees
- $145,809
- Salaries, compensation and benefits (total)
- $149,366
- Professional fundraising fees
- $0
- Legal fees
- $411
- Accounting fees
- $20,189
- Occupancy
- $8,653
- Travel
- $14,206
- Depreciation
- $5,201
- Program services (functional)
- $322,227
- Management and general (functional)
- $93,053
- Fundraising (functional)
- $149,628
Balance sheet and other
- Total assets, start of year
- $2,386,382
- Total assets, end of year
- $2,411,425
- Total liabilities, end of year
- $3,524
- Net assets, end of year
- $2,407,901
- Land, buildings and equipment
- $190,488
- Publicly traded securities
- $737,443
- Net assets without donor restrictions
- $2,241,571
- Gross receipts
- $1,007,193
- Employees
- 2
- Volunteers
- 6
- Year formed
- 2013
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Kroll | President Officer | 40 | $93,264 |
| Dr Woodrow Kroll | Board Member Officer | – | $10,518 |
| Art Figurski | Board Member Officer | – | $0 |
| Rev Roscoe De Chalus | Board Member Officer | – | $0 |
| Rev Dave Hattenfield | Board Member Officer | – | $0 |
| Robin Foreman | Board Member Officer | – | $0 |
| Michael Stofer | Board Member Officer | – | $0 |
| Jason Walton | Board Member | – | $0 |
| Clay Stevens | Board Member | – | $0 |
| Karen Stofer | Board Member | – | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Kroll | President Officer | 40 | $93,264 |
| Gerald Buzenitz | Board Member Officer | – | $0 |
| Art Figurski | Board Member Officer | – | $0 |
| Dr Woodrow Kroll | Board Member Officer | – | $0 |
| Rev Roscoe De Chalus | Board Member Officer | – | $0 |
| Rev Dave Hattenfield | Board Member Officer | – | $0 |
| Robin Foreman | Board Member Officer | – | $0 |
| Michael Stofer | Board Member Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1707 S WASHINGTON AVE, TITUSVILLE, FL 32780-4763
- Mailing address (990-N for 2013)
- 1717 Horseshoe Drive, Ashland NE 68003
- Principal officer (990 for 2024)
- TIMOTHY M KROLL, 3680 OAKHILL DRIVE, Titusville, FL 32781
- Principal officer (990-N for 2013)
- Woodrow Kroll, 1717 Horseshoe Drive, Ashland NE 68003
- Signed the 990
- TIMOTHY KROLL, PRESIDENT
- Phone
- (833) 225-5956
- Website
- www.psalm119association.org
- Return prepared by
- Comprehensive Accounting Plus LLC
Mission
The Psalm 119 Association Inc dba Woodrow Kroll Ministries exists to connect people with the Author of the Bible through the teaching of the Bible. We are convinced of the greatness of Gods Word concerned for the growth of Gods people and blessed by the generosity of Gods goodness. The primary Woodrow Kroll ministry is the Helios Projects. The Helios Projects aims to put a Bible and Christian faith education in the hand of the 95 percent of pastors worldwide with little or no Bible or theology training.
Program accomplishments
- Woodrow Kroll Ministry exists to connect people with the Author of the Bible through the teaching of the BibleExpenses $18,951 · revenue $325,499
- Expenses $297,978 · revenue $207,320
- Expenses $5,298 · revenue -$2,095
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2049340
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $2,411,425
- Income (IRS master file)
- $1,007,193
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $620,894 | $564,908 | $2,411,425 | XML |
| 990 | June 2024 | $732,528 | $654,771 | $2,386,382 | XML |
| 990 | June 2023 | $700,815 | $491,184 | $2,175,443 | IRS |
| 990 | June 2022 | $491,303 | $464,623 | $1,929,176 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2013 Officer: Woodrow Kroll | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2049340).
Questions about PSALM 119 ASSOCIATION INC
- What is the EIN of PSALM 119 ASSOCIATION INC?
- The employer identification number (EIN) of PSALM 119 ASSOCIATION INC is 46-2049340.
- Is PSALM 119 ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to PSALM 119 ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PSALM 119 ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PSALM 119 ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PSALM 119 ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PSALM 119 ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names TIMOTHY M KROLL.
- Who are the officers and directors of PSALM 119 ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $93,264 (Timothy Kroll, President).
- How much revenue does PSALM 119 ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $620,894, expenses of $564,908 and total assets of $2,411,425 at year end.
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