Vince Ambrosetti Ministries
- Assets
- $648.4k
- Revenue
- -$134.5k
- Investments
- $0.0
- Employees
- 0
- Location
- College Grove, TN
- Founding
- 01/1980
- Data as of
- 12/2020
- EIN
- 52-1187886
Organization Overview
Vince Ambrosetti Ministries is located in College Grove, TN. The organization was established in 1980. 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. Vince Ambrosetti Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION & PRESENTATION OF MUSICAL MISSIONS TO PARTICIPATING CATHOLIC PARISHES, BOTH DOMESTICALLY & ABROAD. TO PROMOTE THE WORD OF GOD TO CATHOLICS BY PERFORMING MUSICAL MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION & PRESENTATION OF MUSICAL MISSIONS TO PARTICIPATING CATHOLIC PARISHES, BOTH DOMESTICALLY & ABROAD. TO PROMOTE THE WORD OF GOD TO CATHOLICS BY PERFORMING MUSICAL MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Bolduc Vice President | OfficerTrustee | 5 | $0 |
Vincent Ambrosetti President | OfficerTrustee | 40 | $0 |
Harold Stanger Director | Trustee | 2 | $0 |
Charles Thalheimer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,824 |
| Investment income | $101 |
| 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 | $7,191 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$134,500 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,522 |
| Office expenses | $3,063 |
| Information technology | $0 |
| Royalties | $12,932 |
| Occupancy | $547 |
| Travel | $3,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,561 |
| Insurance | $19,015 |
| All other expenses | $0 |
| Total functional expenses | $98,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $266,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $218,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,493 |
| Total assets | $648,378 |
| Accounts payable and accrued expenses | $81,358 |
| 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 | $52,858 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $617,009 |
| Total liabilities | $751,225 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$102,847 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vince Ambrosetti Ministries has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Acadiana Lafayette, LA PURPOSE: Support missions provided to church parishes | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
Acca Inc Annandale Christian Community For Action Annandale, VA | $4,445,077 | $8,164,971 |
Love Worth Finding Ministries Inc Memphis, TN | $3,628,719 | $7,504,607 |
Phil Waldrep Evangelistic Association Decatur, AL | $5,783,944 | $9,174,147 |
Christian Motorcyclists Assn Inc Hatfield, AR | $5,956,243 | $7,886,367 |
Cabarrus Cooperative Christian Ministry Inc Concord, NC | $3,832,033 | $7,565,999 |
G O Ministries Inc Louisville, KY | $3,216,170 | $6,018,777 |
Providence Ministries Inc Dalton, GA | $6,212,621 | $7,183,854 |