Wisdom International Inc
- Assets
- $1.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Cary, NC
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 56-2244684
Organization Overview
Wisdom International Inc, operating under the name Wisdom For The Heart, is located in Cary, NC. The organization was established in 2001. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Wisdom For The Heart employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisdom For The Heart 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, Wisdom For The Heart generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WISDOM FOR THE HEART IS AN EVANGELISTIC CHRISTIAN ORGANIZATION THAT PROMOTES AND TEACHES CHRISTIANITY ON A GLOBAL BASIS THROUGH THE INITIAL MEDIA OF RADIO BROADCASTS OF SERMONS, WEBCASTS, PODCASTS, AND CDS OF THESE SERMONS, AND THROUGH PRINTED MATERIALS OF BROADCAST SERMONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISDOM FOR THE HEART SERMONS ARE BEING BROADCAST BY RADIO EVERY DAY REACHING AUDIENCES IN THE USA, CENTRAL AND SOUTHERN AFRICA, THE CARIBBEAN, OCEANIA, THE UNITED KINGDOM, PALESTINE AND SOUTH AFRICA SERMONS ARE CURRENTLY BROADCAST OVER SHORT-WAVE, MEDIUM-WAVE AND SEVERAL DIGITAL SATELLITE SERVICES IN ENGLISH AND SPANISH PROGRAMS ARE CARRIED ON 153 AMERICAN STATIONS ACROSS 34 STATES WITH MOST DOMESTIC STATIONS AIRING WEEKDAY MORNINGS FOR A TOTAL OF 755 BROADCASTS SERMONS CAN BE HEARD ON 95 OVERSEAS BROADCAST SOURCES SERVING 19 FOREIGN COUNTRIES NEARLY 200 TIMES PER WEEK WF THE HEART ALSO BROADCASTS IN THE MIDDLE EAST IN THE ARABIC LANGUAGE PROGRAMS ARE ON-DEMAND THROUGH WWW.ONEPLACE.COM AND WWW.WISDOMONLINE.ORG PODCASTS OF THE US WEEKLY AND DAILY RADIO SERMONS CAN BE RETRIEVED FROM THE ONLINE ARCHIVES FOR DOWNLOAD. COPIES OF THE SERMONS ON CD ARE OFFERED TO LISTENERS AT THE END OF EACH BROADCAST FOR A NOMINAL SHIPPING FEE.
SAME AS 1ST PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen D Davey President An | Officer | 20 | $68,683 |
Chris Brady Treasurer | OfficerTrustee | $0 | |
Marsha Davey Vice Preside | OfficerTrustee | $0 | |
David Gibbs III Director | Trustee | $0 | |
Steve Long Secretary | OfficerTrustee | $0 | |
Jim Merchant Director | Trustee | $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 | $2,013,636 |
| Noncash contributions included in lines 1a–1f | $17,896 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,013,636 |
| Total Program Service Revenue | $0 |
| Investment income | $3,804 |
| 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 | -$2,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,019,439 |
| 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. | $131,183 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $699,877 |
| Pension plan accruals and contributions | $24,273 |
| Other employee benefits | $84,457 |
| Payroll taxes | $51,500 |
| Fees for services: Management | $110,846 |
| Fees for services: Legal | $8,163 |
| Fees for services: Accounting | $37,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,365 |
| Advertising and promotion | $120,504 |
| Office expenses | $121,729 |
| Information technology | $6,459 |
| Royalties | $0 |
| Occupancy | $64,173 |
| Travel | $9,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,109 |
| Insurance | $4,731 |
| All other expenses | $3,561 |
| Total functional expenses | $1,676,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $693,860 |
| 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 | $2,118 |
| Inventories for sale or use | $117,520 |
| Prepaid expenses and deferred charges | $4,640 |
| Net Land, buildings, and equipment | $263,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $144 |
| Other assets | $286,955 |
| Total assets | $1,368,982 |
| Accounts payable and accrued expenses | $12,142 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,003 |
| Total liabilities | $101,145 |
| Net assets without donor restrictions | $1,267,837 |
| 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 | $1,368,982 |