Speak The Word Ministry Foundation
- Assets
- $1.1m
- Revenue
- $503.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Bch, VA
- Founding
- 07/2013
- Data as of
- 04/2024
- EIN
- 45-5307768
Organization Overview
Speak The Word Ministry Foundation is located in Virginia Bch, VA. The organization was established in 2013. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Speak The Word Ministry Foundation 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 04/2024, Speak The Word Ministry Foundation generated $503.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $640.3k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Speak The Word Ministry Foundation has awarded 40 individual grants totaling $538,570. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY RADIO BROADCASTS OF BIBLE PRAYERS AND MESSAGES INCLUDING AUDIO VERSIONS AVAILABLE VIA THE WEB AND SOCIAL MEDIA
DONATIONS TO CHRISTIAN MINISTRIES
TV BROADCAST OF BIBLE MESSAGES TRANSLATION OF PROGRAMS FOR BROADCAST
WRITE PUBLISH AND DISTRIBUTE BOOKS PAMPHLETS AND SERMON OUTLINES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne W Ramsay Pres | 40 | $0 | |
David W Ramsay Secy Treas | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 4/29/22 | $53,359 | |
| 4/29/22 | $204,121 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,081 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $503,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $27,313 |
| Pension plans, employee benefits | $2,292 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $0 |
| Occupancy | $3,542 |
| Travel, conferences, and meetings | $13,349 |
| Printing and publications | $27,664 |
| Other expenses | $343,030 |
| Total operating and administrative expenses | $428,257 |
| Contributions, gifts, grants paid | $212,000 |
| Total expenses and disbursements | $640,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,073,790 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,073,790 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Speak The Word Ministry Foundation has awarded $212,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNION WESLEY AME CHURCH PURPOSE: MINISTRY | $2,000 |
KENNETH COLE MINISTRIES PURPOSE: MINISTRY | $8,000 |
JOY MINISTRIES PURPOSE: RELIGIOUS EDUCATIONAL | $169,000 |
NEW HARVEST CHURCH PURPOSE: MINISTRY | $13,000 |
ROCK CHURCH OF HAMPTON PURPOSE: MINISTRY | $11,000 |
RONES CHAPEL AREA COMMUNITY CENTER PURPOSE: MINISTRY | $2,000 |