David Akin Ministry Inc
- Assets
- $156.7k
- Revenue
- $398.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Fayetteville, GA
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 58-2022855
Organization Overview
David Akin Ministry Inc is located in Fayetteville, GA. The organization was established in 1993. 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 12/2021, David Akin Ministry Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David Akin Ministry 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 12/2021, David Akin Ministry Inc generated $398.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $456.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EXISTS TO SHARE THE GOSPEL OF JESUS CHRIST THROUGH PREACHING, TEACHING, AND PRAISE AND WORSHIP MUSIC THROUGH WORKING WITH CHURCHES AND OTHER ORGANIZATIONS PRIMARILY AS CHRISTIAN MUSIC ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 WAS A HARD YEAR WITH MORE MINISTRY AT FUNERALS THAN WE WOULD HAVE LIKED. WE MADE MANY PHONE CALLS TO WIDOWS AND TO FAMILYS WITH COVID. LIVE VIDEO SUNDAY SCHOOL MUSIC SERVICES AND FACEBOOK VIDEO CONCERTS. AS CHURCHES BEGAN TO OPEN WE PERFORMED 7 OUTDOOR EVENTS AND 4 INDOOR CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David K Akin Jr President | OfficerTrustee | 50 | $76,613 |
Lagene P Akin Treasurer | OfficerTrustee | 50 | $36,000 |
J Dennis Watson Pastorboard Member | Trustee | 5 | $0 |
Jake Mask Board Member | Trustee | 5 | $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 | $387,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,157 |
| Total Program Service Revenue | $10,626 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,575 |
| 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. | $112,613 |
| Compensation of current officers, directors, key employees. | $55,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,941 |
| Pension plan accruals and contributions | $14,300 |
| Other employee benefits | $93,179 |
| Payroll taxes | $2,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,347 |
| Advertising and promotion | $3,339 |
| Office expenses | $27,890 |
| Information technology | $1,344 |
| Royalties | $357 |
| Occupancy | $1,200 |
| Travel | $6,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,711 |
| Insurance | $2,074 |
| All other expenses | $0 |
| Total functional expenses | $456,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,397 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,676 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $156,676 |
| Total liabilities and net assets/fund balances | $156,676 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that David Akin Ministry Inc has recieved totaling $73,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $73,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ For All Nations Orlando, FL | $10,548,183 | $19,908,436 |
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
United Against Poverty Inc Vero Beach, FL | $21,479,964 | $11,068,487 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Campus Outreach Serve Inc Hoover, AL | $4,070,578 | $8,268,154 |
Intend Ministries Murfreesboro, TN | $2,990,387 | $7,592,867 |
Third Millennium Ministries Inc Casselberry, FL | $8,248,500 | $7,349,091 |
Suncoast Haven Of Rest Rescue Mission Inc Pinellas Park, FL | $540,922 | $5,432,743 |