Phil Waldrep Evangelistic Association
- Assets
- $10.2m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Decatur, AL
- Founding
- 04/1980
- Data as of
- 12/2023
- EIN
- 63-0782826
Organization Overview
Phil Waldrep Evangelistic Association is located in Decatur, AL. 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. As of 12/2023, Phil Waldrep Evangelistic Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phil Waldrep Evangelistic Association 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, Phil Waldrep Evangelistic Association generated $12.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $9.4m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
THE MISSION OF PHIL WALDREP EVANGELISTIC ASSOCIATION IS TO SHARE THE GOSPEL BY ALL MEANS, TRADITIONAL AND NON-TRADITIONAL, AND TO PROVIDE QUALITY CONFERENCES AND RESOURCES FOR PEOPLE TO DEVELOP THEIR SPIRITUAL LIVES BY STRENGTHENING THEIR RELATIONSHIP WITH GOD, FAMILY AND ASSOCIATES WHILE MAINTAINING A COMMITMENT TO BIBLICAL TRUTH AND HIGHEST LEVELS OF INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGOUS CONVENTIONS SERVING THOUSANDS OF PEOPLE TO PROVIDE THESE PARTICIPANTS WITH VARIOUS INSPIRATIONAL SPEAKERS AND MUSIC LEADERS TO SPREAD THE WORD OF THE LORD JESUS CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Waldrep Chairman | OfficerTrustee | 40 | $167,604 |
Thomas Schwindling Board Member | OfficerTrustee | 40 | $118,445 |
George Atwood Director | Trustee | 2 | $0 |
David Black Secretary | OfficerTrustee | 2 | $0 |
Ray Breeden Treasurer | OfficerTrustee | 4 | $0 |
Mark Craig Director | Trustee | 4 | $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 | $1,508,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,508,117 |
| Total Program Service Revenue | $9,242,374 |
| Investment income | $19,504 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,101,959 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,134,592 |
| Pension plan accruals and contributions | $59,278 |
| Other employee benefits | $0 |
| Payroll taxes | $89,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $737,544 |
| Office expenses | $183,799 |
| Information technology | $119,074 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,981 |
| Insurance | $212,111 |
| All other expenses | $1,284,640 |
| Total functional expenses | $9,410,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,833 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,055 |
| Prepaid expenses and deferred charges | $1,413,899 |
| Net Land, buildings, and equipment | $2,960,108 |
| Investments—publicly traded securities | $5,582,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,179,346 |
| Accounts payable and accrued expenses | $17,613 |
| Grants payable | $0 |
| Deferred revenue | $1,766,375 |
| 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 | $812,228 |
| Total liabilities | $2,596,216 |
| Net assets without donor restrictions | $7,385,888 |
| Net assets with donor restrictions | $197,242 |
| 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 | $10,179,346 |