Nonprofit · EIN 46-5148796
GOSPEL SYSTEMS
Tax-exempt · PROSPER, TX 75078
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $159,914 | $192,077 | -$32,163 | $47,777 | $0 | $47,777 |
| December 31, 2023 | 990 | $232,753 | $286,296 | -$53,543 | $79,940 | $0 | $79,940 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $157,192
- Program service revenue
- $0
- Investment income
- $2,722
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $182,485
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $3,229
- Program services (functional)
- $192,077
Balance sheet and other
- Total assets, start of year
- $79,940
- Total assets, end of year
- $47,777
- Total liabilities, end of year
- $0
- Net assets, end of year
- $47,777
- Net assets without donor restrictions
- $47,777
- Gross receipts
- $159,914
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2014
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael White | Board Member Trustee or director | 0.25 | $0 |
| Johnny Grimes | Board Member Trustee or director | 0.25 | $0 |
| Brandon Boggon | Board Member Trustee or director | 0.25 | $0 |
| Timothy Brister | President Officer | 0.25 | $0 |
| Charles Towne | Executive Director Officer | 4 | $0 |
| Norman Hare | Secretary Officer | 0.25 | $0 |
| Robert Vickery | Treasurer Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael White | Board Member Trustee or director | 2 | $0 |
| Johnny Grimes | Board Member Trustee or director | 0.5 | $0 |
| Brandon Boggon | Board Member Trustee or director | 0.5 | $0 |
| Timothy Brister | President Officer | 2 | $0 |
| Charles Towne | Executive Director Officer | 8 | $0 |
| Norman Hare | Secretary Officer | 0.5 | $0 |
| Robert Vickery | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2301 CRIPPLE CREEK DR, PROSPER, TX 75078-7012
- In care of
- % CHARLES W TOWNE
- Principal officer (990 for 2024)
- Charles Towne, 2301 Cripple Creek Dr, Prosper, TX 75078
- Signed the 990
- Charles Towne, Executive Director
- Phone
- (931) 451-1414
- Website
- www.gospelsystems.com
Mission
Gospel Systems Inc. organizes and facilitates programs for developing and supporting leaders in Haiti and Southeast Asia, and establishes programs for the care of the poor and vulnerable through indigenous organizations.
Program accomplishments
- CARE FOR THE POOR AND VULNERABLE: HAITI - Funded the care of 16 orphans in the orphanage operated by our Haitian partner organization. Funded feeding programs for 600 vunerable children in eight communities. Funded education programs (teacher pay, uniforms and school supplies) in eight schools.Expenses $106,809 · grants $101,475 · revenue $118,543
- CHURCH PLANTING & DEVELOPMENT: HAITI - Provided monthly support for one full-time pastor in Haiti. SOUTH ASIA - Provided finanical assistance for pastors in India doing church planting and pastor training.Expenses $24,525 · grants $23,300 · revenue $25,028
- LEADER SUPPORT: HAITI - Funded monthly training sessions for Haitian pastors and leaders. Funded the purchase of land and materials to construct a building for a church in Domond. SOUTH ASIA - Funded purchase of a ministry vehicle for a home for vulnerable girls in Raipur, India. Provided tuition assistance for vulnerable children in Raipur, India. Provided funding and resources for training 50 young leaders in Delhi, India. Provided financial assistance for pastor and leadership training at a seminary in Lucknow, India.Expenses $60,743 · grants $57,710 · revenue $16,343
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5148796
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $47,777
- Income (IRS master file)
- $159,914
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $159,914 | $192,077 | $47,777 | IRS |
| 990 | December 2023 | $232,753 | $286,296 | $79,940 | XML |
| 990 | December 2022 | $516,182 | $437,141 | $133,483 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 46-5148796).
Questions about GOSPEL SYSTEMS
- What is the EIN of GOSPEL SYSTEMS?
- The employer identification number (EIN) of GOSPEL SYSTEMS is 46-5148796.
- Is GOSPEL SYSTEMS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GOSPEL SYSTEMS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOSPEL SYSTEMS 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 GOSPEL SYSTEMS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOSPEL SYSTEMS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GOSPEL SYSTEMS?
- The 990 for the year ended December 31, 2024 names Charles Towne.
- Who are the officers and directors of GOSPEL SYSTEMS?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does GOSPEL SYSTEMS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $159,914, expenses of $192,077 and total assets of $47,777 at year end.
Other nonprofits in PROSPER
- MEDICAL MISSIONS FOR CHRIST INC EIN 26-2673737 · last filed 990-N for 2025
- ZERAH FOUNDATION EIN 81-4572534 · last filed 990-N for 2025
- ASHER BRING JOY INC EIN 82-3158209 · last filed 990-N for 2025
- HEALING IN NICARAGUA EIN 81-3923237 · last filed 990-N for 2025
- WEAVE CENTER EIN 80-0193153 · last filed 990-N for 2025
- ASSOCIATION OF MEDICAL FACILITY PROFESSIONALS INC EIN 83-3082076 · last filed 990 for 2024
- PROSPER EDUCATION FOUNDATION EIN 75-2662259 · last filed 990 for 2025
- NEIGHBORS NOURISHING NEIGHBORS EIN 46-1062609 · last filed 990 for 2025
All nonprofits in PROSPER · Texas · International, foreign affairs and national security