Wesley Putnam Ministries
- Assets
- $471.6k
- Revenue
- $557.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Decatur, TX
- Founding
- 09/1981
- Data as of
- 05/2022
- EIN
- 75-1771414
Organization Overview
Wesley Putnam Ministries is located in Decatur, TX. The organization was established in 1981. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 05/2022, Wesley Putnam Ministries employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Putnam 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 05/2022, Wesley Putnam Ministries generated $557.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $251.0k during the year ending 05/2022. 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
WESLEY PUTNAM MINISTRIES PROMOTES THE GOSPEL OF JESUS CHRIST THROUGH ALL MEDIA OF COMMUNICATION, INCLUDING BUT NOT LIMITED TO RADIO EVANGELISTIC EFFORTS FOR THE UNITED METHODIST CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEY PUTNAM MINISTRIES SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND DRAMA AT REVIVALS, CONCERTS, CAMPS, OUTREACH EVENTS, AND OTHER WORSHIP OPPORTUNITIES. WESLEY PUTNAM MINISTRIES NOW PRODUCES A WEEKLY HALF-HOUR WORSHIP SESSION AND A 15-MINUTE DAILY DEVOTION EVERY WEEKDAY ON FACEBOOK LIVE AND ON YOUTUBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Putnam Pres/exec.di | OfficerTrustee | 40 | $60,833 |
Felicia Putnam Secretary/di | OfficerTrustee | 40 | $38,833 |
Craig Fuller Treasurer/di | OfficerTrustee | 1 | $0 |
Monty Teeter Director | Trustee | 1 | $0 |
Kevin Bushart Director | Trustee | 1 | $0 |
Dan Madden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,279 |
| Total Program Service Revenue | $0 |
| Investment income | $288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $285,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$658 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $557,871 |
| 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. | $189,021 |
| Compensation of current officers, directors, key employees. | $37,804 |
| Compensation to disqualified persons | $1,000 |
| Other salaries and wages | $6,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $140 |
| Office expenses | $14,998 |
| Information technology | $261 |
| Royalties | $0 |
| Occupancy | $8,347 |
| Travel | $4,425 |
| 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 | $10,636 |
| Insurance | $5,493 |
| All other expenses | $0 |
| Total functional expenses | $250,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,588 |
| Savings and temporary cash investments | $413,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $13,678 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,293 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $23,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $471,611 |
| Accounts payable and accrued expenses | $6,116 |
| 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 | $6,116 |
| Net assets without donor restrictions | $465,495 |
| 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 | $471,611 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesley Putnam Ministries has recieved totaling $161.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $161 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |