Speak The Word Ministry Foundation
- Assets
- $1.3m
- Revenue
- $806.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 07/2013
- Data as of
- 04/2022
- EIN
- 45-5307768
Organization Overview
Speak The Word Ministry Foundation is located in Virginia Beach, 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 04/2022, Speak The Word Ministry Foundation generated $806.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 62.5% each year . All expenses for the organization totaled $469.0k during the year ending 04/2022. While expenses have increased by 24.9% per year over the past 4 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.
Since 2021, Speak The Word Ministry Foundation has awarded 20 individual grants totaling $203,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY RADIO BROADCASTS OF BIBLE PRAYERS AND MESSAGES VIA THE INTERNET AND AIRWAVES CREATE AUDIO VERSION AVAILABLE VIA THE WEB AND SOCIAL MEDIA
DONATIONS TO CHRISTIAN MINISTRIES
DISTRIBUTION OF BIBLES
PRODUCTION AND DISTRIBUTION OF NEWSLETTER
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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 | $798,332 |
| 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 | $8,373 |
| Total Revenue | $806,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $369,472 |
| Total operating and administrative expenses | $380,044 |
| Contributions, gifts, grants paid | $89,000 |
| Total expenses and disbursements | $469,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,289,365 |
| 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 | $1,289,365 |
| 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 $89,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HARVEST CHURCH PURPOSE: MINISTRY | $30,000 |
JOY MINISTRIES PURPOSE: MINISTRY | $15,000 |
ROCK CHURCH HAMPTON PURPOSE: MINISTRY | $10,000 |
CAPE HENRY CHURCH PURPOSE: MINISTRY | $8,000 |
WTKO RADIO PURPOSE: MINISTRY | $7,000 |
KENNETH COLE MINISTRIES PURPOSE: MINISTRY | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Gods World Publications Inc Asheville, NC | $5,264,725 | $11,160,512 |
Oak Spring Garden Foundation Upperville, VA | $320,424,904 | $24,563,668 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Arlington Catholic Herald Inc Arlington, VA | $2,675,214 | $2,744,696 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Presbyterian Outlook Found Inc Richmond, VA | $657,059 | $780,760 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
Dth Publishing Corporation Chapel Hill, NC | $694,512 | $787,804 |
Speak The Word Ministry Foundation Virginia Beach, VA | $1,289,365 | $806,705 |
Precious Present Truth Inc Laurel, MD | $58,505 | $316,000 |