Civic Intelligence

ASAP Ministries Inc.

990 • Fiscal year 2015 • EIN 38-3256028

Oct 01, 2014 to Sep 30, 2015 • Filed on May 15, 2016

PO Box 84Berrien Springs, MI 49103

(269) 471-3026

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.04x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$57,680

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

62%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,256,864

Up $480,064 (+62%) from 2014

Net Assets

Up

$1,211,310

Up $486,852 (+67%) from 2014

Liabilities

Down

$45,554

Down $6,788 (-13%) from 2014

Revenue

Up

$2,214,952

Up $282,352 (+15%) from 2014

Expenses

Down

$1,728,100

Down $6,141 (-0.4%) from 2014

Net Income

Up

$486,852

Up $288,493 (+145%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$1,256,864
Liabilities$45,554
Net Assets$1,211,310

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$2,214,952
Expenses$1,728,100
Net Income$486,852
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$2,214,952
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$251,214$748,223▲ $497,009
Investments in Publicly Traded Securities$260,695$263,642▲ $2,947
Land, Buildings, and Equipment, Net$246,791$231,877▼ $14,914
Accounts Receivable$8,100$7,962▼ $138
Prepaid Expenses and Deferred Charges$10,000$5,160▼ $4,840
Total Assets$776,800$1,256,864▲ $480,064
Liabilities
Accounts Payable and Accrued Expenses$28,394$27,498▼ $896
Other Liabilities$23,948$18,056▼ $5,892
Total Liabilities$52,342$45,554▼ $6,788
Net Assets / Fund Balance
Temporarily Rstr Net Assets$438,911$701,277▲ $262,366
Unrestricted Net Assets$285,547$510,033▲ $224,486
Total Net Assets Fund Balance$724,458$1,211,310▲ $486,852
Total Liabilities and Net Assets / Fund Balance$776,800$1,256,864▲ $480,064

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$221,268$66,591$287,859
Equipment$10,609$68,866$79,475
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIA O'CAREYExecutive DiFT$50,152$7,528$57,680
Judy AitkenFounderFT$45,042-$45,042
Karen WadeCFOPT$12,537-$12,537

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,222,714
Program Service Revenue
$0
Investment Income
$-7,762
Other Revenue
$0
All Other Contributions
$2,222,714
Change in Net Assets
$486,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,214,952
Total Revenue per Audited Statements
$2,214,952
Total Revenue per Form 990
$2,214,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$752,575
Grants and Similar Amounts Paid$599,458
Salaries, Compensation, and Employee Benefits$376,067
Total Fundraising Expense$154,320
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$599,458--$599,458
Other Salaries and Wages$131,196$66,511$64,453$262,160
Other Employee Benefits$31,166$43,170$15,507$89,843
Office Expenses$35,537$20,650$29,126$85,313
Payroll Taxes$8,348$11,563$4,153$24,064
Fees for Services Other$1,450$19,969$1,450$22,869
Depreciation Depletion$3,729$7,456$3,729$14,914
Occupancy$4,528$5,188$1,703$11,419
Other Expenses$1,022$2,556$1,533$5,111
Travel$1,706$1,478$1,773$4,957
Insurance-$4,274-$4,274
Interest-$733-$733
All Other Expenses-$-844-$-844
Total Functional Expenses$1,370,322$203,458$154,320$1,728,100

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,728,100
Total Expenses per Audited Statements$1,728,100
Total Expenses per Form 990$1,728,100
International Activity

International Summary

Spending
$599,458

International Compliance

Foreign grant records maintained
No
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
Se AsiaProgram ServicesEvangelism & Humanit--$599,458
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Payable$16,093
Gift Annuity$1,963
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
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 trustee trustee husband & wife

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

Form 990 is reviewed by executive 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 ceo or cfo review them and remain them, and remain allert to the raminfications of any conflicts as that board member relates to asap business

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

Wages are set by board as a percentage of sda lake union conference wages scale.

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

SEE ABOVE

Form 990, Page 6, Part VI, Line 19

Web site and upon request

Filing and Contact Details

Filer

Filer Name
Asap Ministries Inc
EIN
38-3256028
Address
PO BOX 84, BERRIEN SPRINGS, MI 49103

Signing Officer

Name
JULIA O'CAREY
Title
Executive Director
Signed
2016-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
JULIA O'CAREY
Formed
1995
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
13
Employees
9
Volunteers
42

Preparer

Firm
Foote and Lloyd Cpas
Address
TWO WEST MICHIGAN AVENUE SUITE 210, BATTLE CREEK, MI 49017
Preparer
Donald L Lloyd
Phone
2699627518
Supplemental Narrative

Additional Explanations

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

ALL OTHER

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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/MissionDesc0A 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION PROJECTS ASAP 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. ASAP MINISTRIES SUPPORTED THE OPERATION OF FOUR ELEMENTARY SCHOOLS AND SIXTEEN LITERACY CENTERS. IN AREAS WHERE THE CHILDREN LIVE IN DIRE POVERTY, A HEALTHY MEAL WAS PROVIDED ONCE OR TWICE A DAY, DEPENDING ON THE SCHOOL AND THE CHILDRENS NEEDS. TUITION ASSISTANCE WAS PROVIDED TO PROMISING NEEDY SOUTHEAST ASIAN STUDENTS WHO SOUGHT HIGHER EDUCATION. A KEEP KIDS SAFE CURRICULUM IS BEING ESTABLISHED TO BE IMPLEMENTED IN THE SCHOOLS IN THE FOLLOWING YEAR.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EVANGELISM PROJECTS ASAP MINISTRIES SUPPORTED AND TRAINED OVER FIVE HUNDRED NATIONAL MISSIONARIES (CHURCH PLANTERS, MEDICAL MISSIONARIES, TEACHERS, YOUTH EVANGELISTS, ETC.) ASAP PROVIDED TRANSPORTATION, BIBLES, DVDS, RADIOS, AND OTHER EVANGELISTIC MATERIALS AND TOOLS. ASAP MINISTRIES ASSISTED BUILDING CHURCHES AND PROVIDED FUNDS FOR CONDUCTING EVANGELISTIC MEETINGS TO FACILITATE THE GROWTH OF CHURCH MEMBERSHIP. ASAP MINISTRIES DEVELOPED A CONTEXTUALIZED DISCIPLESHIP PROGRAM USED FOR TRAINING THE MISSIONARIES. ASAP MINISTRIES PROVIDED HEALTH EDUCATION AND EXPOS. ASAP MINISTRIES ALSO PROVIDED SUPPORT FOR CHURCH PLANTING AND EVANGELISTIC ENDEAVORS AMOUNT SOUTHEAST ASIAN REFUGEES AND IMMIGRANTS WITHIN NORTH AMERICA.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SE ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EVANGELISM & HUMANIT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0SE ASIA 599,458 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BYRON REYNOLDS CAROL REYNOLDS TRUSTEE TRUSTEE HUSBAND & WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY EXECUTIVE COMMITTEE BEFORE FILING. FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY, THE CEO OR CFO REVIEW THEM AND REMAIN THEM, AND REMAIN ALLERT TO THE RAMINFICATIONS OF ANY CONFLICTS AS THAT BOARD MEMBER RELATES TO ASAP BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WAGES ARE SET BY BOARD AS A PERCENTAGE OF SDA LAKE UNION CONFERENCE WAGES SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WEB SITE AND UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

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