Wesley Putnam Ministries
- Assets
- $348.3k
- Revenue
- $213.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Decatur, TX
- Founding
- 09/1981
- Data as of
- 05/2023
- 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 05/2023, 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 05/2023, Wesley Putnam Ministries generated $213.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $334.0k during the year ending 05/2023. 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
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 HAS TRAVELED ACROSS THE US AND WORLD USING TWO OF THE GREATEST TOOLS GOD HAS GIVEN FOR COMMUNICATING HIS MESSAGE, STORYTELLING AND MUSIC, TO REACH PEOPLE OF ALL AGES FOR GOD SINCE 1981. THIS YEAR, WHILE AVAILABLE FOR IN-PERSON MINISTRY, MUCH OF WHAT WE ARE DOING IS NOW ONLINE. EVERY WEEKDAY MORNING, WE HAVE SHARED A TIME OF DEVOTION AND SONG. EVERY FRIDAY NIGHT WE HAVE A WORSHIP EXPERIENCE. THESE OPPORTUNITIES HAVE REACHED THOUSANDS ACROSS THE COUNTRY AND BEYOND WE COULD NEVER HAVE MET IN-PERSON. IN ADDITION, WE ARE ADDING ONLINE STREAMING SERVICES OF ALL THE STORIES AND MUSIC TO BE AVAILABLE FOR USE BY CHURCHES AND ANYONE DESIRING TO HEAR THEM, FREE OF CHARGE. THE FUTURE LOOKS BRIGHT FOR THIS MINISTRY AS WE NAVIGATE THE CHANGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Putnam Pres/exec.di | OfficerTrustee | 40 | $65,000 |
Felicia Putnam Secretary/di | OfficerTrustee | 40 | $37,000 |
Kevin Bushart Director | Trustee | 1 | $0 |
Craig Fuller Treasurer/di | OfficerTrustee | 1 | $0 |
Brenda Hardeman 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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,030 |
| Total Program Service Revenue | $0 |
| Investment income | $4,300 |
| 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 | $1,130 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,695 |
| 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. | $249,132 |
| Compensation of current officers, directors, key employees. | $49,826 |
| Compensation to disqualified persons | $5,030 |
| Other salaries and wages | $5,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $499 |
| Office expenses | $20,287 |
| Information technology | $734 |
| Royalties | $0 |
| Occupancy | $12,943 |
| Travel | $14,565 |
| 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 | $7,603 |
| Insurance | $4,662 |
| All other expenses | $0 |
| Total functional expenses | $334,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,584 |
| Savings and temporary cash investments | $277,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| 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 | $15,917 |
| Investments—publicly traded securities | $10,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $348,265 |
| Accounts payable and accrued expenses | $2,077 |
| 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 | $918 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,995 |
| Net assets without donor restrictions | $345,270 |
| 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 | $348,265 |