Asia Harvest
- Assets
- $3.1m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Winston Salem, NC
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-1648411
Organization Overview
Asia Harvest is located in Winston Salem, NC. The organization was established in 2005. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Asia Harvest employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asia Harvest 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 12/2021, Asia Harvest generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP SPREAD THE GOSPEL OF JESUS CHRIST BY PROVIDING RESOURCES AND FINANCIAL SUPPORT TO PROJECTS THROUGHOUT ASIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIBLE PRINTING AND DONATING BIBLES TO CHRISTIANS WHO DO NOT HAVE BIBLES
HUMANITARIAN AID - MEETING THE PHYSICAL NEEDS OF OTHERS
EVANGELISM - REACHING THE LOST FOR CHRIST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hattaway Director | OfficerTrustee | 40 | $0 |
John Bryant Board Member | Trustee | 5 | $0 |
Ian Lucas Board Member | Trustee | 5 | $0 |
Kobus Van As Board Member | Trustee | 5 | $0 |
Beram Kumar Board Member | Trustee | 5 | $0 |
Victor Wiebe Board Member | Trustee | 5 | $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 | $8,425,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,425,712 |
| Total Program Service Revenue | $0 |
| Investment income | $20,182 |
| 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 | -$14,029 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,431,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,654,260 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $979,315 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,525 |
| Office expenses | $18,753 |
| Information technology | $6,621 |
| Royalties | $0 |
| Occupancy | $169 |
| Travel | $11,770 |
| 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 | $1,038 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,876,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,985,669 |
| 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 | $7,750 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,344 |
| Investments—publicly traded securities | $2,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,140,348 |
| Total assets | $3,139,213 |
| Accounts payable and accrued expenses | $3,124 |
| 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 | $3,124 |
| Net assets without donor restrictions | $1,668,793 |
| Net assets with donor restrictions | $1,467,296 |
| 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 | $3,139,213 |
Grants Awarded
Over the last fiscal year, Asia Harvest has awarded $2,764,390 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GLAD TIDINGS FELLOWSHIP PURPOSE: OPERATIONS | $2,026,390 |
Afton, VA PURPOSE: OPERATIONS | $191,900 |
Parker, CO PURPOSE: OPERATIONS | $162,100 |
Wichita, KS PURPOSE: OPERATIONS | $160,000 |
Ripon, CA PURPOSE: OPERATIONS | $83,100 |
Glendora, CA PURPOSE: OPERATIONS | $79,050 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Asia Harvest has recieved totaling $722,575.
| Awarding Organization | Amount |
|---|---|
Anabaptist Foundation Lewisburg, PA PURPOSE: Operations | $463,063 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $127,140 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $69,450 |
Christian Aid Ministries Foundation Berlin, OH PURPOSE: Operations | $24,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,422 |
Giving University Anaheim, CA PURPOSE: GENERAL FUND | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Leprosy Missions Inc Greenville, SC | $13,933,685 | $11,713,993 |
Bank Of Sweden Tercentenary Foundation Atlanta, GA | $1,577,216,718 | $144,244,925 |
Asia Harvest Winston Salem, NC | $3,139,213 | $8,431,865 |
Mully Childrens Family Usa Inc Alpharetta, GA | $1,079,646 | $4,196,632 |
Vinacapital Foundation Highlands, NC | $2,325,034 | $2,550,565 |
Novak Djokovic Foundation Usa Mooresville, NC | $1,770,113 | $619,559 |
Hands Along The Nile Development Services Inc Alexandria, VA | $806,843 | $901,029 |
Simones Kids Inc Cartersville, GA | $466,346 | $762,427 |
Rayo De Sol Inc Atlanta, GA | $748,737 | $614,503 |
Parakaleo International Clover, SC | $475,742 | $825,058 |
Solidarity Mission Africa For Reconciliation And Development Brentwood, TN | $139,146 | $415,814 |
Mission Encounters International Inc Kill Devil Hills, NC | $188,312 | $226,013 |