First Word Ministries Inc
- Assets
- $34.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, AL
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 47-0885904
Organization Overview
First Word Ministries Inc is located in Somerville, AL. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. First Word 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 12/2023, First Word Ministries Inc generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $62.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Owens Ex. Director | 40 | $30,250 | |
Aaron P Acker VP | 0 | $0 | |
Rev John Meyer President | 0 | $0 | |
Russell Chunn Director | 0 | $0 | |
Patricia Owens Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,127 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,127 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,250 |
| Professional fees and other payments to independent contractors | $2,150 |
| Occupancy, rent, utilities, and maintenance | $4,321 |
| Printing, publications, postage, and shipping | $2,320 |
| Other expenses | $22,982 |
| Total expenses | $62,023 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,713 |
| Other assets | $0 |
| Total assets | $34,713 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,713 |