Audioverse
- Assets
- $1.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Collegedale, TN
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 27-1861510
Organization Overview
Audioverse is located in Collegedale, TN. The organization was established in 2011. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Audioverse employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Audioverse 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 12/2023, Audioverse generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $790.9k during the year ending 12/2023. While expenses have increased by 13.3% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION IS TO BE A TRUSTWORTHY GLOBAL PROVIDER OF BIBLE- BASED AND CHRIST-CENTERED MEDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN ONLINE COLLECTION OF BIBLE-BASED MEDIA CONTENT AVAILABLE WORLDWIDE FOR ANYONE TO STREAM AND DOWNLOAD FOR FREE.
STARTING WITH JESUS MINISTRY PROVIDES AN ONLINE COLLECTION OF BIBLE-BASED MEDIA INCLUDING DEVOTIONAL PODCASTS AND WEEKLY LESSONS GEARED TOWARD CHILDREN AVAILABLE WORLD WIDE FOR ANYONE TO STREAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Arakawa Chairman & P | OfficerTrustee | $0 | |
Alistair Huong Secretary | OfficerTrustee | 40 | $65,508 |
Kathryn Irizarry Board Member | Trustee | $0 | |
Eli Kim Board Member | Trustee | $0 | |
Chester Clark III Board Member | Trustee | $0 | |
Vonn Williams Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $932,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,822 |
| Total Program Service Revenue | $0 |
| Investment income | $77,426 |
| 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 | $1,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,017,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $65,508 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,695 |
| Payroll taxes | $37,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,714 |
| Advertising and promotion | $28,664 |
| Office expenses | $7,922 |
| Information technology | $42,493 |
| Royalties | $0 |
| Occupancy | $11,996 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,116 |
| Insurance | $3,212 |
| All other expenses | $83 |
| Total functional expenses | $790,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,874 |
| Savings and temporary cash investments | $96,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,877 |
| Prepaid expenses and deferred charges | $34 |
| Net Land, buildings, and equipment | $2,699 |
| Investments—publicly traded securities | $1,498,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,931,281 |
| Accounts payable and accrued expenses | $21,371 |
| 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 | $0 |
| Total liabilities | $21,371 |
| Net assets without donor restrictions | $1,309,447 |
| Net assets with donor restrictions | $600,463 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,931,281 |