 |
 |
|
Since 2001, Red Rock Energy has been a special blessing to Dale Gentry Ministries and Breakout Prayer Network. Their generosity to these ministries have made it possible for my wife and I to expand our ministry, influence and resources.
During these past six years I have been able to work closely with Mike Nelson and Dan Griffin; discovering their primary purpose is to help fund and finance the kingdom of God, particularly the “end time world harvest.” They have exemplified this quest to be a blessing by literally blessing different ministries nationally and internationally. Their generosity to this ministry and others has been absolutely overwhelming.
During these past six years I’ve had the opportunity to meet regularly with these men for prayer, which truly reveals the true heart of a man. I’ve seen their heart of love; particularly for the church and Christian leaders. Many times they have made a significant difference. There is a Christian school in Roswell, New Mexico that would not be in existence today if not for the sacrificial gift of Red Rock Energy in 2003. I know that first hand because I was the pastor there at that time.
Thank you Red Rock and thank you Mike Nelson and Dan Griffin.
Gratefully,
Dale W. Gentry
Breakout Prayer Ministries
The monthly support from Redrock supports a Vehicle and all the expenses associated with it. We are missionaries from Australia to America. This support allows us to travel extensively throughout the whole of this nation preaching the gospel. We see many people saved, damaged people made whole, and many healed. Our heart and love is for this country, and Redrocks support of our ministry enables us to be far reaching with the gospel. Redrock have become a real family to us. Not only has their financial support been a blessing but when we go out into the field we also know that they back us in prayer and friendship. Redrock have the distinction of being our first financial partners in this country after 15 years of service. Apart from financially supporting us they have also been supporting our annual leaders conference, ministering into the lives of leaders in this nation!
Nigel McNeill
Revival Fire Ministries
Red Rock Energy Partners has helped enable Global Advance to literally double the numbers of church and business leaders we train in desperately needy areas of the world. Thousands of pastors have received encouragement and practical, biblical training. For many of these “frontline shepherds,” it is the only training for ministry they have ever received. Red Rock Energy Partners has supported the vitally-needed training that has strengthened and expanded many churches and has launched the planting of hundreds of new churches. We are grateful and honored to partner with Red Rock Energy Partners to advance God’s glory and His purposes worldwide.
David Shibley
Founder and President
Global Advance
|
|
|
|
|
INCOME STREAMS FOR MINISTRIES
Scenario #1
Kingdom builder donates $100,000 to a ministry. The ministry gets a 1 time income of $100,000 and the donor gets a $100,000 write off.
Scenario #2
Kingdom builder invests $100,000 in 2 wells and then donates all the working interest to the ministry, thereby creating an income stream that lasts 15, 20, 30 or even 40 years.
- Kingdom builder still writes off the whole $100,000 as oil & gas investment benefits from the IRS
- Kingdom builder would also get an additional write off of the new value of the wells. A reserve study would be done at some point (6mo to 2 yrs) after the wells are drilled and the reserve study
gives a value to each well.
Example: Let’s say the $100,000 is for 1% in 2 wells. The reserve study (like the wells we have drilled) comes back and there is an average of 3BCF per well. That would
give each well a value of $18,000,000 @ $6.00 mcf of gas. 1% of each well would be $180,000, giving a TOTAL value in 2 wells of $360,000 ADDITIONAL WRITE OFF. A 30% limit applies to gifts
of capital gain property for which you figure your deduction using fair market value without reduction for appreciation. You can carry over your contributions that you are not able to deduct in the current
year because they exceed your adjusted gross income limits. You can deduct the excess in each of the next 5 years until it is used up, but not beyond that time.
- Take the original $100,000 write off and combine it with the additional $360,000 write off in donation to the ministry, gives a grand total of $460,000 value in write off.
- A Kingdom builder in the 35% tax bracket would SAVE $161,000 in not having to write the IRS a check, giving a $61,000 tax free profit.
- Ministry would have a projected income stream of:
1st year = $35,621
2nd year = $15,600
3rd year = $14,586
4th year = $14,318
5th year = $14,058
6th year = $13,802
7th year = $13,551
8th year = $13,303 and so on until the well runs out
Income projection based upon an average of our 1st 4 wells with the price of natural gas figured at $6.00
|
|
