Francis Asbury Society Inc
- Assets
- $3.5m
- Revenue
- $780.1k
- Investments
- $0.0
- Employees
- 17
- Location
- Wilmore, KY
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 31-1066863
Organization Overview
Francis Asbury Society Inc is located in Wilmore, KY. The organization was established in 1983. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Francis Asbury Society Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Francis Asbury Society 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 12/2022, Francis Asbury Society Inc generated $780.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISSEMINATION OF THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISM, DISCIPLESHIP, MISSIONS, CONFERENCES, AND CHRISTIAN LITERATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPEAKERSFRANCIS ASBURY SOCIETY (FAS) SPEAKERS COME ALONGSIDE ORGANIZATIONS TO LEAD EVANGELISTIC AND RENEWAL MINISTRIES. THEY EMBRACE WESLEYAN-HOLINESS THEOLOGY, MODEL A GODLY LIFESTYLE, SPREAD GOD'S LIFE-CHANGING MESSAGE, AND POSSESS REPUTATIONS AS QUALITY SPEAKERS. EXPENSES INCLUDE SALARY & STIPEND PAYMENTS TO SPEAKERS, TRAVEL AND MEAL REIMBURSEMENTS, AS WELL AS GATHERING OF OUR FAS SPEAKERS AND PROMISING YOUNG SPEAKERS WHOM WE MENTOR.
OTHER PROGRAMFAS'S BUILDING IS USED BY OTHERS IN THE COMMUNITY FOR GATHERINGS AND MEETINGS. FAS ENJOYS PROVIDING SPACE FOR CHRISTIAN DISCUSSION AND CELEBRATION. IN 2022, 12 GROUPS RENTED THE FACILITIES AT FAS MINISTRY CENTER; OTHER GROUPS MET FREE OF CHARGE DURING BUSINESS HOURS. EXPENSES INCLUDE OCCUPANCY AND HOSTESSING COSTS RELATED TO THE BUILDING RENTAL EVENTS.
DISCIPLESHIPFAS IS COMMITTED TO CONNECTING LIKE-MINDED CHRISTIANS IN COVENANT RELATIONSHIPS, THEOLOGICAL REFLECTION AND SPIRITUAL RENEWAL. FAS COVENANT FELLOWSHIP IS COMPRISED OF CHRISTIANS WHO ARE COMMITTED TO MAINTAINING PURITY OF HEART AND A LIFE OF HOLINESS. THE DISCIPLESHIP MINISTRY ALSO INCLUDES TITUS WOMEN (A WOMEN'S MINISTRY), A WEEKLY BIBLE STUDY, AND SHEPHERDS WATCH (A SUPPORT MINISTRY FOR PASTORS WHO ARE INTENTIONAL ABOUT SELF-CARE). IN ADDITION, FAS SPONSORS RETREATS AND CONFERENCES THROUGHOUT THE YEAR WHICH PROMOTE FAS'S VISION AND MESSAGE.
PUBLISHINGIN KEEPING WITH THE MISSION OF FAS TO SPREAD SCRIPTURAL HOLINESS AROUND THE WORLD, THE PUBLISHING MINISTRY PRODUCES A VARIETY OF WRITTEN AND AUDIO-VISUAL RESOURCES. TOPICS FOCUS ON ACADEMIC, DISCIPLESHIP AND BIOGRAPHICAL/TESTIMONIAL THEMES. IN 2022, 6,121 BOOKS/PAMPHLETS/CD-DVD SETS WERE SOLD, AND OUR INVENTROY WAS SOLD AT MANY VENUES BOTH ON-LINE AND AROUND THE COUNTRY. ALSO, 568 ITEMS WERE GIVEN AWAY, FREE OF CHARGE, IN SUPPORT OF THE OVERALL MINISTRY OF FAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bounds Board Chair | OfficerTrustee | 0.5 | $0 |
John Swaim Board Vice Chair | OfficerTrustee | 0.5 | $0 |
Dennis Kinlaw Board Secretary | OfficerTrustee | 0.5 | $0 |
Matt Friedeman Board Member | Trustee | 0.5 | $0 |
Joy Griffin Board Member | Trustee | 0.5 | $0 |
Cheryll Johnson Board Member | Trustee | 0.5 | $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 | $677,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,523 |
| Total Program Service Revenue | $44,228 |
| Investment income | $23,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,952 |
| Net Rental Income | $3,851 |
| 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 | $23,386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $780,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,177 |
| Grants and other assistance to domestic individuals. | $4,256 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,174 |
| Compensation of current officers, directors, key employees. | $49,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $418,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,141 |
| Payroll taxes | $21,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,868 |
| Advertising and promotion | $59,132 |
| Office expenses | $69,698 |
| Information technology | $0 |
| Royalties | $1,647 |
| Occupancy | $43,883 |
| Travel | $71,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,321 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,852 |
| Insurance | $13,049 |
| All other expenses | $0 |
| Total functional expenses | $1,056,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951 |
| Savings and temporary cash investments | $251,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,734 |
| Prepaid expenses and deferred charges | $23,303 |
| Net Land, buildings, and equipment | $2,015,937 |
| Investments—publicly traded securities | $1,123,873 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,460,216 |
| Accounts payable and accrued expenses | $33,378 |
| Grants payable | $0 |
| Deferred revenue | $118 |
| 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 | $33,496 |
| Net assets without donor restrictions | $3,062,090 |
| Net assets with donor restrictions | $364,630 |
| 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 | $3,460,216 |