Allison Durham Speer Ministries Inc
- Assets
- $405.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gravel Switch, KY
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 20-1975758
Organization Overview
Allison Durham Speer Ministries Inc is located in Gravel Switch, KY. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allison Durham Speer Ministries Inc 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 12/2023, Allison Durham Speer Ministries Inc generated $122.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $107.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ALLISON DURHAM SPEER MINISTRIES SANG AND PREACHED THE WORD OF GOD IN 71 CHURCH SERVICES, CONCERTS, AND SENIOR, LADIES, AND PASTORS CONFERENCES. THE MINISTRY ALSO PROVIDED PERFORMANCE TRAINING & RECORDINGS AT NO COST TO NEW CHRISTIAN MINISTRIES, AND TAUGHT AT THE NOVELL CHRISTIAN MUSIC SCHOOL. ADSM ALSO TRAVELS AND SINGS AS THE NEW SPEER FAMILY, A SOUTHERN GOSPEL QUARTET THAT HONORS THE HERITAGE OF THE SPEER FAMILY, A SINGING GROUP FORMED IN 1921 WHICH TRAVELED FULL-TIME UNTIL THEIR RETIREMENT IN 1998.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Speer President | 40 | $16,928 | |
Brian Speer Executive Director | 40 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,061 |
| Total Program Service Revenue | $90,766 |
| Membership dues | $0 |
| Investment income | $75 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,814 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,614 |
| Professional fees and other payments to independent contractors | $754 |
| Occupancy, rent, utilities, and maintenance | $1,740 |
| Printing, publications, postage, and shipping | $793 |
| Other expenses | $54,215 |
| Total expenses | $107,116 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,628 |
| Other assets | $0 |
| Total assets | $405,579 |
| Total liabilities | $115,838 |
| Net assets or fund balances | $289,741 |