Music Ministries Inc
- Assets
- $724.9k
- Revenue
- $669.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Evansville, IN
- Founding
- 08/1976
- Data as of
- 12/2021
- EIN
- 35-1368616
Organization Overview
Music Ministries Inc is located in Evansville, IN. The organization was established in 1976. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Music Ministries Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music 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 12/2021, Music Ministries Inc generated $669.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $552.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSIC MINISTRIES, INC. IS A CHRISTIAN ORGANIZATION WORKING TO BROADCAST THE BELIEFS OF THE CHRISTIAN FAITH THROUGH WORSHIP MUSIC AND TEACHINGS OVER F.M. AND A.M. RADIO.
Describe the Organization's Program Activity:
MUSIC MINISTRIES, INC. IS A CHRISTIAN ORGANIZATION WORKING TO BROADCAST THE BELIEFS OF THE CHRISTIAN FAITH THROUGH WORSHIP MUSIC AND TEACHINGS OVER F.M. AND A.M. RADIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd E Turner President | Officer | 40 | $78,063 |
Susan K Turner Secretary | Officer | 40 | $32,037 |
James Mcdonald Treasurer | Officer | 1 | $0 |
Mr Randall Chagle Vice President | Officer | 1 | $0 |
Donna Leland Member | Trustee | 1 | $0 |
Chris Kissel Member | Trustee | 1 | $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 | $660,477 |
| Noncash contributions included in lines 1a–1f | $7,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $660,477 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,723 |
| Net Gain/Loss on Asset Sales | $361 |
| Net Income from Fundraising Events | $5,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $669,915 |
| 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. | $110,100 |
| Compensation of current officers, directors, key employees. | $25,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,476 |
| Payroll taxes | $15,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $940 |
| Fees for services: Accounting | $8,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,025 |
| Advertising and promotion | $0 |
| Office expenses | $14,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,528 |
| Travel | $2,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,000 |
| Interest | $5,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,890 |
| Insurance | $16,211 |
| All other expenses | $65,808 |
| Total functional expenses | $552,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,023 |
| Savings and temporary cash investments | $0 |
| 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 | $318,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $724,890 |
| 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 | $190,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,299 |
| Total liabilities | $196,299 |
| Net assets without donor restrictions | $528,591 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $724,890 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music Ministries Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: ARTS, MEDIA, AND CULTURE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Church Of The Brethren Benefit Trust Inc Elgin, IL | $509,755,287 | $50,694,165 |
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
Leadership Resources International Palos Heights, IL | $4,418,909 | $4,858,234 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |