Barry Wood Evangelistic Association Inc
- Assets
- $171.4k
- Revenue
- $377.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Prosper, TX
- Founding
- 07/1978
- Data as of
- 12/2022
- EIN
- 75-1597127
Organization Overview
Barry Wood Evangelistic Association Inc, operating under the name Barry Wood Ministries, is located in Prosper, TX. The organization was established in 1978. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Barry Wood Ministries employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barry Wood Ministries 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 12/2022, Barry Wood Ministries generated $377.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $395.3k during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORLDWIDE EVANGELISM AND DISCIPLING IN CHRISTIAN FAITH FOCUSING ON TRAINING AND SUPPORTING AFRICAN NATIONALS TO EQUIP THEM TO PRESENT THE GOSPEL TO THEIR OWN COUNTRY. BARRY WOOD MINISTRIES ALSO FUNDS PROJECTS SUCH AS FAMINE, FLOOD RELIEF, CHURCH CONSTRUCTION, DRILLING WATER WELLS, BIBLE DISTRIBUTION AND SENDING MEDICAL MISSION TEAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACT MINISTRY: TRAIN, SUPPORT AND SUPPLY EQUIPMENT FOR AFRICAN NATIONALS AS THEY PROVIDE AIDS EDUCATION AND CHRISTIAN WITNESS IN SIX EAST AFRICAN COUNTRIES. EQUIPPED WITH A PROJECTOR, DVD PLAYER, AND SOUND SYSTEM, THEY TRAVEL BY MOTORBIKES TO REMOTE AREAS TO PRESENT THE GOSPEL IN SCHOOLS AND VILLAGES. THESE TRAINED LEADERS ARE EDUCATORS ON HIV AIDS, SKILLED EVANGECUBE TRAINERS AND READY EVANGELISTS USING FILMS SUCH AS THE JESUS FILM. IN 2022, APPROXIMATELY 50,000 INDIVIDUALS MADE DECISIONS FOR CHRIST. THE AFRICAN STAFF, LABORING IN REMOTE PLACES, PLANTED MORE THAN 100 NEW CHURCHES WHICH ARE LED BY DISCIPLED PASTORS.
KEYMAN CONFERENCES: WEEK-LONG CONFERENCES HELD IN SIX AFRICAN COUNTRIES TO TRAIN YOUNG MEN AND WOMEN IN CHRISTIAN LEADERSHIP, DISCIPLE MAKING AND EVANGELISM. THESE TRAINEES ARE GIVEN THE TOOLS TO BECOME EFFECTIVE CHURCH LEADERS WITHIN THEIR OWN COUNTRY. BARRY WOOD MINISTRIES FOCUSES ON TRAINING AFRICAN PASTORS IN BIBLE STUDY AND SERMON PREPARATION. IN 2022, HUNDREDS OF PASTORS AND OTHER LEADERS RECEIVED NEW STUDY BIBLES AND EXTENSIVE TRAINING.
OVERSEAS OUTREACH PROJECTS: THESE PROJECTS INCLUDE HELPING FINANCE CONSTRUCTION OF NEW CHURCHES AND PROVIDING FUNDS FOR PROJECTS SUCH AS WATER WELLS OR RAINWATER RETENTION SYSTEMS, AND PROVIDING FOOD FOR DISPLACED PEOPLE SCATTERED IN REFUGEE TYPE CAMPS. BARRY WOOD MINISTRIES USES IT'S FACILITIES TO EQUIP HUNDREDS MORE PASTORS TO REACH THEIR OWN PEOPLE FOR CHRIST. TWO STRATEGICALLY PLACED COUNTRY OFFICES STAFFED BY TRAINED AFRICAN NATIONALS ASSIST IN OVERSEEING AND DISBURSING FUNDS FOR ONGOING PROJECTS. BARRY WOOD MINISTRIES ALSO SPONSORS MEDICAL EVANGELIST TEAMS TO SERVE AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Browning Wood Vice President | Officer | 40 | $76,950 |
Barry Wood President | Officer | 40 | $72,374 |
Bill Allbright Treasurer | OfficerTrustee | 2 | $0 |
Robert Rea Board Member | Trustee | 2 | $0 |
Jean Smith Board Member | OfficerTrustee | 2 | $0 |
Jon Mark Glenn Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,111 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,374 |
| Total Program Service Revenue | $0 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,005 |
| 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. | $91,174 |
| Compensation of current officers, directors, key employees. | $18,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,412 |
| 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 | $8,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,438 |
| Advertising and promotion | $0 |
| Office expenses | $13,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,595 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $395,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,374 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $171,374 |
| Accounts payable and accrued expenses | $3,091 |
| 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 | $3,091 |
| Net assets without donor restrictions | $66,807 |
| Net assets with donor restrictions | $101,476 |
| 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 | $171,374 |