Joe Sneed Ministries Inc
- Assets
- $300.0k
- Revenue
- $207.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Soddy Daisy, TN
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 31-1671168
Organization Overview
Joe Sneed Ministries Inc is located in Soddy Daisy, TN. The organization was established in 2001. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Joe Sneed Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joe Sneed Ministries 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, Joe Sneed Ministries Inc generated $207.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $238.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREACH THE GOSPEL OF JESUS CHRIST . WE TRAVEL TO SOME CHURCHES. WE TAPE OUR SERMONS AND PROVIDE THEM TO THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCH SERVICES ARE OFFERED THREE TIMES A WEEK. WE HAVE SUNDAY SCHOOL EVERY SUNDAY MORNING. WE ALSO HAVE A CHILDRENS PROGRAM ON WEDNESDAY NIGHT. WE FEED THEM AND HAVE ACTIVITIES THAT EXPOSE THEM TO THE GOSPEL. WE HAVE IMPLEMENTED A WIDOWS PROGRAM TO HELP WITH THEIR UTILITY BILLS AND OTHER EXPENSES. WE ALSO HAVE STARTED A PROJECT EVANGELISM, WE GO OUT INTO THE NEIGHBORHOOD AND TELL THEM THE GOOD NEWS OF JESUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Sneed President | Officer | 55 | $45,032 |
Julie Sneed Treasurer | Officer | 40 | $31,587 |
Gary Keylon Officer | Officer | 0.03 | $0 |
Jamie Medlin Officer | Officer | 0.03 | $0 |
Nina Smigiel Officer | Officer | 0.03 | $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 | $207,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,903 |
| Total Program Service Revenue | $0 |
| 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 | $207,903 |
| 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. | $76,619 |
| Compensation of current officers, directors, key employees. | $76,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| 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 | $0 |
| Advertising and promotion | $5,787 |
| Office expenses | $3,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,893 |
| Insurance | $8,575 |
| All other expenses | $54,554 |
| Total functional expenses | $238,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,053 |
| Savings and temporary cash investments | $61,576 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $234,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,021 |
| 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 | $44,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $120,883 |
| Retained earnings, endowment, accumulated income, or other funds | $133,419 |
| Total liabilities and net assets/fund balances | $300,021 |