Kings Heralds Inc
- Assets
- $53.7k
- Revenue
- $342.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, TN
- Founding
- 06/2009
- Data as of
- 03/2020
- EIN
- 26-4568269
Organization Overview
Kings Heralds Inc is located in Portland, TN. The organization was established in 2009. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2020, Kings Heralds Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Heralds Inc 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 03/2020, Kings Heralds Inc generated $342.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $397.1k during the year ending 03/2020. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MUSIC MINISTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAVE SHARED THEIR MUSIC WITH THOUSANDS, INCLUDING THE CHRISTIAN BOOKSELLERS ASSOCIATION, 50 COUNTRIES, PATIENTS AND THEIR FAMILIES THROUGH A HOSPITAL MINISTRY, AND INMATES WITH A PRISON MINISTRY.
THE ORGANIZATION HAVE SHARED THEIR MUSIC WITH THOUSANDS, INCLUDING THE CHRISTIAN BOOKSELLERS ASSOCIATION, 50 COUNTRIES, PATIENTS AND THEIR FAMILIES THROUGH A HOSPITAL MINISTRY, AND INMATES WITH A PRISON MINISTRY.
THE ORGANIZATION HAVE SHARED THEIR MUSIC WITH THOUSANDS, INCLUDING THE CHRISTIAN BOOKSELLERS ASSOCIATION, 50 COUNTRIES, PATIENTS AND THEIR FAMILIES THROUGH A HOSPITAL MINISTRY, AND INMATES WITH A PRISON MINISTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Scroggs President | Officer | 1 | $0 |
Jeff Pearles Treasurer | Officer | 1 | $0 |
Carson Cross Board Member | Officer | 1 | $0 |
Joann Berke Board Member | Officer | 1 | $0 |
Barbara Bolivar Board Member | Officer | 1 | $0 |
Joel Borg Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,440 |
| Payroll taxes | $20,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,288 |
| Advertising and promotion | $579 |
| Office expenses | $1,194 |
| Information technology | $0 |
| Royalties | $4,497 |
| Occupancy | $0 |
| Travel | $60,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,854 |
| Insurance | $8,189 |
| All other expenses | $0 |
| Total functional expenses | $397,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $2,367 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,000 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,739 |
| Total liabilities | $9,739 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $43,930 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kings Heralds Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: EMPLOYEE MATCHING GIFT(S) | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For Preservation & Encrgmnt Of Barbershop Quartet Singing Amer Nashville, TN | $5,301,089 | $3,795,133 |
Harmony Foundation International Inc Nashville, TN | $5,976,223 | $2,692,504 |
St Louis Childrens Choirs Saint Louis, MO | $1,132,837 | $819,835 |
Heartland Mens Chorus Kansas City, MO | $1,030,553 | $861,236 |
Raleigh Boychoir Inc Raleigh, NC | $402,980 | $139,190 |
Kings Heralds Inc Portland, TN | $53,669 | $342,532 |
Voices For Alabamas Children Montgomery, AL | $219,945 | $512,007 |
German-American Club Gesangverein Inc Louisville, KY | $450,224 | $443,022 |
Birmingham Boys Choir Foundation Birmingham, AL | $372,516 | $453,663 |
Tlq Inc Clermont, GA | $236,298 | $325,412 |
Arkansas Choral Directors Association Alma, AR | $56,989 | $281,715 |
Hattiesburg Civic Chorus & Concert Association Inc Hattiesburg, MS | $262,883 | $381,288 |