Music Serving The Word Ministries
- Assets
- $28.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 26-0694098
Organization Overview
Music Serving The Word Ministries is located in Phoenix, AZ. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Serving The Word Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Music Serving The Word Ministries generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 15.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 SAW THE COMPLETION OF NEW, STATE-OF-THE-ART CONCERT VENUE AND ADMINISTRATIVE OFFICES FOR MSW IN SCOTTSDALE, ARIZONA. MSW MOVED INTO RAVENSCROFT IN SEPTEMBER AND PRESENTED A GRAND OPENING CONCERT IN OCTOBER. RAVENSCROFT PRESENTED MONTHLY JAZZ CONCERTS AND WEEKLY MUSIC EVENTS WHICH CREATED REGULAR OPPORTUNITIES TO SHARE OUR VARIOUS OUTREACH MINISTRIES WITH THE PUBLIC.
THE VALLEY JAZZ COOPERATIVE, AN EDUCATION PROGRAM OFFERED FREE OF CHARGE TO TALENTED MUSIC STUDENTS IN GRADES 8 THROUGH 12, OFFERED WEEKLY INSTRUCTION VIA ZOOM FOR MOST OF THE YEAR, THEN RETURNED TO IN-PERSON INSTRUCTION IN NOVEMBER AND DECEMBER. THE MSW MUSIC DEPARTMENT ALSO ASSISTED VJC PUBLICATIONS WITH A BIG BAND RECORDING SESSION IN THE HALL.MSW MUSIC ASSISTED WITH THE PRODUCTION OF FIFTY-THREE MORE "PAUSES" FOR THE SIMPLE PAUSE IOS APP AND PRODUCED FIVE LAKESHORE MUSIC JAZZ CONCERTS IN THE HALL IN ADDITION TO OUR OPENING CONCERT WHICH FEATURED THE BOB RAVENSCROFT TRIO. OUR TEAM OF AUDIO AND LIGHTING TECHNICIANS ASSEMBLED EVERY FRIDAY FOR JAZZBIRD NIGHTS FROM NOVEMBER 12TH THROUGH THE END OF THE YEAR TO OFFER LIVE JAZZ FEATURING LOCAL PERFORMERS.
DISCOVER HOPESUMMARY OF ACTIVITIES - 2021 SPIRITUAL CARE OUTREACH: PROVIDED OVER 200 SPIRITUAL DIRECTION SESSIONS FOR PASTORS, LEADERS, AND LEARNERS IN 2021. WE INITIATED MONTHLY SPIRITUAL CARE SESSIONS FOR PASTORS/LEADERS IN EASTERN EUROPE. RICHARD TAUGHT AN 8-WEEK COURSE ON SOUL CARE FOR PASTORS/LEADERS OF THE PACIFIC SOUTHWEST CONFERENCE OF THE EVANGELICAL COVENANT CHURCH. FACILITATED AND LED THE DEDICATION OF MSW'S NEW FACILITIES.EASTERN EUROPE DEVELOPMENT: RICHARD TRAVELED TO EASTERN EUROPE IN APRIL 2021. WHILE THERE:O HE CONDUCTED PASTOR/LEADER CONFERENCES, MINISTERED IN VILLAGE CHURCHES, AND PROVIDED OVERSIGHT TO OUR BRANCH OFFICES (ARMENIA AND BELARUS).O HE ALSO WAS INVITED TO PARTICIPATE IN A GROUND-BREAKING/DEDICATION CEREMONY FOR AN ARMENIAN CHURCH LEADER'S HOME. WE WERE ABLE TO DELIVER FUNDS FOR SEVERAL OF THE HUMANITARIAN AND MINISTRY PROJECTS WE SUPPORT IN EASTERN EUROPE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario D Barnabe Employee | 40 | $123,600 | |
Byron R Parrish Employee | 40 | $119,712 | |
Rob Moore Director/secretary/treasurer | 40 | $105,060 | |
Janice Sherman Employee | 40 | $103,008 | |
Russell A Schmidt Employee | 40 | $95,990 | |
Vicki J Mcdermitt Parrish Employee | 40 | $68,186 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,684,597 |
| Interest on Savings | $22,256 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,507 |
| Capital Gain Net Income | $107,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,016 |
| Other Income | $64,359 |
| Total Revenue | $7,883,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,060 |
| Other employee salaries and wages | $746,259 |
| Pension plans, employee benefits | $241,782 |
| Interest | $0 |
| Taxes | $106,517 |
| Depreciation | $669,461 |
| Occupancy | $4,203 |
| Travel, conferences, and meetings | $21,751 |
| Printing and publications | $0 |
| Other expenses | $667,097 |
| Total operating and administrative expenses | $2,652,110 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $2,654,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,173 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $28,138,034 |
| Other assets | $289,661 |
| Total assets | $28,842,868 |
| Accounts payable and accrued expenses | -$84 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$84 |
Grants Awarded
Over the last fiscal year, Music Serving The Word Ministries has awarded $5,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN CHURCH OF THE RESSURRECTION PURPOSE: CHARITABLE | $3,000 |
Peoria, AZ PURPOSE: CHARITABLE | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music Serving The Word Ministries has recieved totaling $10,612.
| Awarding Organization | Amount |
|---|---|
Jazzbird Foundation Carefree, AZ PURPOSE: CHARITABLE | $10,612 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |
Kingdom Causes Long Beach, CA | $4,022,983 | $21,219,613 |
Youth With A Mission San Diego-Baja Chula Vista, CA | $22,048,486 | $17,148,909 |
Christ-Centered Ministries Inglewood, CA | $3,642,191 | $13,458,260 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Latino Coalition For Community Leadership Bakersfield, CA | $2,661,885 | $14,445,845 |
Living Stream Anaheim, CA | $110,298,756 | $20,926,950 |
Community Bible Study Colorado Springs, CO | $19,076,306 | $12,975,441 |
Cadence International Englewood, CO | $9,762,190 | $12,602,895 |
Youth For Christ International Ministries Englewood, CO | $7,359,781 | $13,249,220 |
Rescue International Dana Point, CA | $7,874,025 | $9,695,100 |
Summit Ministries Inc Manitou Springs, CO | $15,859,073 | $12,358,452 |