Civic Intelligence

ASAP Ministries Inc

EIN 38-3256028 • 501(c)3 • Berrien Springs, MI

Profile

A prayer-driven ministry supporting the spiritual mission of the Seventh-day Adventist Church. ASAP Ministries empowers local missionaries in SE Asia and the 1040 Window to disciple the marginalized with the wholistic gospel.

P O Box 84Berrien Springs, MI 49103

asapministries.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.16x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.13x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-8.9%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-5.4%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$3,312,393

Down $188,729 (-5.4%) from 2023

Liabilities

Up

$524,921

Up $110,663 (+27%) from 2023

Net Assets

Down

$2,787,472

Down $299,392 (-9.7%) from 2023

Operations
Liabilities / Revenue58th percentileNet Margin23rd percentile

Revenue

Up

$4,037,753

Up $568,232 (+16%) from 2023

Expenses

Up

$4,398,910

Up $160,212 (+3.8%) from 2023

Net Income

Up

-$361,157

Up $408,020 (+53%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $328,335Liabilities 2010: $109,976Net Assets 2010: $218,3592010Assets 2011: $437,093Liabilities 2011: $24,552Net Assets 2011: $412,5412011Assets 2012: $632,678Liabilities 2012: $26,942Net Assets 2012: $605,7362012Assets 2013: $588,705Liabilities 2013: $62,606Net Assets 2013: $526,0992013Assets 2014: $776,800Liabilities 2014: $52,342Net Assets 2014: $724,4582014Assets 2015: $1,256,864Liabilities 2015: $45,554Net Assets 2015: $1,211,3102015Assets 2016: $1,596,043Liabilities 2016: $22,256Net Assets 2016: $1,573,7872016Assets 2017: $1,919,640Liabilities 2017: $110,165Net Assets 2017: $1,809,4752017Assets 2018: $2,181,967Liabilities 2018: $61,231Net Assets 2018: $2,120,7362018Assets 2019: $2,146,464Liabilities 2019: $15,380Net Assets 2019: $2,131,0842019Assets 2020: $2,349,919Liabilities 2020: $21,542Net Assets 2020: $2,328,3772020Assets 2021: $3,955,280Liabilities 2021: $59,351Net Assets 2021: $3,895,9292021Assets 2022: $3,873,984Liabilities 2022: $74,966Net Assets 2022: $3,799,0182022Assets 2023: $3,501,122Liabilities 2023: $414,258Net Assets 2023: $3,086,8642023Assets 2024: $3,312,393Liabilities 2024: $524,921Net Assets 2024: $2,787,4722024

Highlighted filing

2024

Assets$3,312,393
Liabilities$524,921
Net Assets$2,787,472
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,676,2272010Expenses 2011: $1,656,5412011Expenses 2012: $1,841,6702012Revenue 2013: $1,704,740Expenses 2013: $1,784,377Net Income 2013: -$79,6372013Revenue 2014: $1,932,600Expenses 2014: $1,734,241Net Income 2014: $198,3592014Revenue 2015: $2,214,952Expenses 2015: $1,728,100Net Income 2015: $486,8522015Revenue 2016: $2,340,317Expenses 2016: $1,977,840Net Income 2016: $362,4772016Revenue 2017: $2,430,520Expenses 2017: $2,207,626Net Income 2017: $222,8942017Revenue 2018: $2,893,581Expenses 2018: $2,585,951Net Income 2018: $307,6302018Revenue 2019: $2,850,633Expenses 2019: $2,840,285Net Income 2019: $10,3482019Revenue 2020: $3,108,933Expenses 2020: $2,911,640Net Income 2020: $197,2932020Revenue 2021: $5,034,484Expenses 2021: $3,466,932Net Income 2021: $1,567,5522021Revenue 2022: $4,180,170Expenses 2022: $4,169,499Net Income 2022: $10,6712022Revenue 2023: $3,469,521Expenses 2023: $4,238,698Net Income 2023: -$769,1772023Revenue 2024: $4,037,753Expenses 2024: $4,398,910Net Income 2024: -$361,1572024

Highlighted filing

2024

Revenue$4,037,753
Expenses$4,398,910
Net Income-$361,157
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,312,393
Liabilities
$524,921
Net assets
$2,787,472
Revenue
$4,037,753
Expenses
$4,398,910
Net income
-$361,157
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.52$2.79$4.04$4.40$0.36
2023Detailed filing. Detailed filing data is available for this year.$3.50$0.41$3.09$3.47$4.24$0.77
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$0.07$3.80$4.18$4.17$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.96$0.06$3.90$5.03$3.47$1.57
2020Detailed filing. Detailed filing data is available for this year.$2.35$0.02$2.33$3.11$2.91$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.15$0.02$2.13$2.85$2.84$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.18$0.06$2.12$2.89$2.59$0.31
2017Detailed filing. Detailed filing data is available for this year.$1.92$0.11$1.81$2.43$2.21$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.57$2.34$1.98$0.36
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.05$1.21$2.21$1.73$0.49
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.05$0.72$1.93$1.73$0.20
2013Summary only. Only limited summary data is available for this year.$0.59$0.06$0.53$1.70$1.78$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.03$0.61$1.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.02$0.41$1.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.11$0.22$1.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 13, 2025
Return Version
2023v6.0
Gross Receipts
$4,037,753
Mission and Program Overview

Mission

A prayer-driven ministry supporting the spiritual mission of the seventh- day adventist church is committed to training, supporting,and empowering missionaries from cambodia, laos, vietnam,thailand, myanmar and beyond.

Asap ministries empowers local missionares to restore and disciple the marginalized with the wholistic gospel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$495,959$1,621,140▲ $1,125,181
Investments in Publicly Traded Securities$2,264,473$664,121▼ $1,600,352
Cash and Non-Interest-Bearing Accounts$32,997$494,590▲ $461,593
Land, Buildings, and Equipment, Net$298,469$294,073▼ $4,396
Prepaid Expenses and Deferred Charges$33,927$45,675▲ $11,748
Accounts Receivable$142,733$4,353▼ $138,380
Total Assets$3,501,122$3,312,393▼ $188,729
Other Assets Total$232,564$188,441▼ $44,123
Liabilities
Accounts Payable and Accrued Expenses$181,681$336,437▲ $154,756
Other Liabilities$232,577$188,484▼ $44,093
Total Liabilities$414,258$524,921▲ $110,663
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,933,584$1,541,677▼ $391,907
Net Assets Without Donor Restrictions$1,153,280$1,245,795▲ $92,515
Total Net Assets Fund Balance$3,086,864$2,787,472▼ $299,392
Total Liabilities and Net Assets / Fund Balance$3,501,122$3,312,393▼ $188,729

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$157,300$159,721$317,021
Other Land Buildings$62,108$46,365$108,473
Equipment$6,782$71,624$78,406
Leasehold Improvements$58,831$16,930$75,761
Land$9,052-$9,052
Other Assets Org$188,441--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIA O'CAREYExecutive DiFT$69,959$21,227$91,186
Darryl HosfordPresidentFT$63,303$15,300$78,603
Kaylene ChadwickFinance DireFT$53,009$16,803$69,812
Richard ChadwickCFOFT$57,557-$57,557

Board Members and Trustees

NameTitle
Dean CoridanBoard Chair
Byron ReynoldsTrustee
Carol ReynoldsTrustee
Chan Sun HwangTrustee
Christopher CarmenTrustee
Curtis LetniakTrustee
Denzil McneilusTrustee
Esther HwangTrustee
Lilya WagnerTrustee
Trudi StarlinTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$3,951,560
Program Service Revenue
$0
Investment Income
$76,152
Other Revenue
$10,041
All Other Contributions
$3,951,560
Change in Net Assets
$-361,157

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,037,753
Revenue Not Reported on Form 990
$61,765
Total Revenue per Audited Statements
$4,099,518
Total Revenue per Form 990
$4,037,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,261,692
Salaries, Compensation, and Employee Benefits$1,274,155
Other Expenses$863,063
Total Fundraising Expense$602,687
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,202,783--$2,202,783
Other Salaries and Wages$414,058$101,123$223,834$739,015
Current Officers, Directors, Trustees, and Key Employees$68,547$101,523$53,178$223,248
Travel$166,861$15,057$34,856$216,774
Other Employee Benefits$84,595$50,514$53,918$189,027
Office Expenses$69,793$9,833$78,155$157,781
Advertising$73,898$174$24,736$98,808
Information Technology$28,707$21,435$38,305$88,447
Depreciation Depletion$33,200$24,825$28,092$86,117
Payroll Taxes$37,985$16,033$20,594$74,612
Pension Plan Contributions$19,167$13,351$15,735$48,253
Fees for Services Accounting$2,580$40,122$2,183$44,885
Fees for Services Other$20,567$3,505$19,722$43,794
Fees for Services Legal$4,779$34,925-$39,704
Grants to Domestic Orgs$38,941--$38,941
Grants to Domestic Individuals$19,968--$19,968
Occupancy$6,118$6,033$4,517$16,668
Interest$13,507--$13,507
Insurance$3,493$796$2,799$7,088
Other Expenses$171$195$2,063$366
Total Functional Expenses$3,319,719$476,504$602,687$4,398,910

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,398,910
Total Expenses per Audited Statements$4,398,910
Total Expenses per Form 990$4,398,910
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
General Conference of SdaSilver Springs, MD501c3Grant to Bangladesh$13,600
Andrews UniversityBerrien Springs, MI501c3Scholarship$6,000

International Summary

Employees
6
Spending
$2,202,782

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesSee Part V-6$2,161,526
Middle EastProgram ServicesSee Part V--$29,753
Sub-saharan AfricaProgram ServicesSee Part V--$11,503
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Darryl HosfordAsap PresidentRental of PropertyNo$58,307
Cheryl HosfordAND 49% OWNER-No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term Operating Lease Liability$188,484
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Byron reynolds carol reynolds husband and wife chan sun hwang esther hwang husband and wife richard chadwick kaylene chadwick husband and wife”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by finance committee before filing. Form 990 is made available to all board members.”

Form 990, Page 6, Part VI, Line 12C

“Board members sign conflict of interest statements annually, the president reviews them. Asap remains alert to the ramifications of any conflicts that board member may have as it relates to asap business.”

Form 990, Page 6, Part VI, Line 15A

“Wages are set by board as a percentage of the sda north american division wage scale.”

Form 990, Page 6, Part VI, Line 15B

“Wages are set by board as a percentage of the sda north american division wage scale.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents are available on its website and upon request.”

Filing and Contact Details

Filer

Filer Name
Asap Ministries Inc
EIN
38-3256028
Phone
2694713026
Address
P O BOX 84, BERRIEN SPRINGS, MI 49103

Signing Officer

Name
Kaylene Chadwick
Title
Finance Director
Phone
2694713026
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kaylene Chadwick
Formed
1995
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
10
Employees
37
Volunteers
12

Preparer

Firm
Cline Brandt Kochenower & Co Pa
Address
1225 W FLOYD BAKER BLVD, GAFFNEY, SC 29341
Preparer
Timothy S Blake Cpapfs
Phone
8644897121
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4C

“Humanitarian/construction: asap ministries brought humanitarian relief to the suffering in cambodia, laos, thailand, vietnam,on the western border of thailand and lebanon. Disaster assistance went to provide emergency rice, food, supplies and resources to reestablish victim's lives. For example, substantial assistance was given to areas along the western border of thailand where fighting caused people to flee their homes. Field supervisors are trained to conduct needs assessments and make necessary plans to meet tangible needs. Villages with no access to clean drinking water or toilets receive clean water and sanitation facilitites. The construction projects range from church buildings to school facilites and structures. These initiatives provide needed facilities and structures. These inititatives provide needed facilities and increase the quality of the projects and the lives they impact.”

Form 990, Part XI, Line 9

“Unrealized gain on foreign currency translation 27,586”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The internal revenue service(irs) has determined that the organization is not a private foundation within the meaning of section 509(a). The income taxes topic, fasb asc 740, clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. Asc 740 requires an entity to disclose the nature of uncertain tax position taken, if any, when filing its income tax return utilizing a two-step process to recognize and measure any uncertain tax position taken. The entity recognizes a tax benefit only if it is more likely than not the position would be sustained in a tax examination, with a tax examination being presumed to occur. No tax benefit will be recorded on tax positions not meeting the more likely than not test. Interest and penalties accrued or incurred, if any, as a result of applying asc 740 will be recorded to interest expense and other expense, respectively. Based on its evaluation, the organization has concluded that there are no uncertain tax positions requiring recognition in its financial statements. The evaluation was performed for all federal and state tax periods still subject to examination. The organization's 2020 through 2022 federal and state exempt organization returns remain subject to examination by the irs and state taxing authorities.”

Schedule D, Page 4, Part XI, Line 2D

“Unrealized gain on foreign currency translation 27,586”

Raw XML AppendixShowing 400 of 627 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ASAP MINISTRIES HAD THE PRIVILEGE OF OFFERING QUALITY CHRISTIAN EDUCATION TO AT-RISK CHILDREN WHO WOULD OTHERWISE NOT BE ABLE TO AFFORD ATTENDING SCHOOL IN SOUTHEAST ASIA AND LEBANON. ASAP MINISTRIES SUPPORTED THE OPERATION OF OVER 90 SCHOOLS AND LITERACY CENTERS. TUITION ASSISTANCE WAS PROVIDED TO PROMISING NEEDY SOUTHEAST ASIAN STUDENTS WHO SOUGHT HIGHER EDUCATION WITH THE AIM OF THEM BECOMING TRAINED TO SERVE AS MISSIONARIES IN THE FUTURE. A KEEP KIDS SAFE CURRICULUM WAS ESTABLISHED AND IMPLEMENTED IN THE SCHOOLS. ASAP BRINGS QUALITY CHRISTIAN EDUCATION TO OVER 7,000 CHILDREN LIVING IN VULNERABLE POPULATIONS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HUMANITARIAN/CONSTRUCTION: ASAP MINISTRIES BROUGHT HUMANITARIAN RELIEF TO THE SUFFERING IN CAMBODIA, LAOS, THAILAND, VIETNAM,ON THE WESTERN BORDER OF THAILAND AND LEBANON. DISASTER ASSISTANCE WENT TO PROVIDE EMERGENCY RICE, FOOD, SUPPLIES AND RESOURCES TO REESTABLISH VICTIM'S LIVES. FOR EXAMPLE, SUBSTANTIAL ASSISTANCE WAS GIVEN TO AREAS ALONG THE WESTERN BORDER OF THAILAND WHERE FIGHTING CAUSED PEOPLE TO FLEE THEIR HOMES. FIELD SUPERVISORS ARE TRAINED TO CONDUCT NEEDS ASSESSMENTS AND MAKE NECESSARY PLANS TO MEET TANGIBLE NEEDS. VILLAGES WITH NO ACCESS TO CLEAN DRINKING WATER OR TOILETS RECEIVE CLEAN WATER AND SANITATION FACILITITES. THE CONSTRUCTION PROJECTS RANGE FROM CHURCH BUILDINGS TO SCHOOL FACILITES AND STRUCTURES. THESE INITIATIVES PROVIDE NEEDED FACILITIES AND STRUCTURES. THESE INITITATIVES PROVIDE NEEDED FACILITIES AND INCREASE THE QUALITY OF THE PROJECTS AND THE LIVES THEY IMPACT.
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