Son Set Ministries Inc
- Assets
- $2.1m
- Revenue
- $964.6k
- Investments
- $0.0
- Employees
- 35
- Location
- Ayden, NC
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 71-0885915
Organization Overview
Son Set Ministries Inc is located in Ayden, NC. The organization was established in 2002. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Son Set Ministries Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Son Set 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, Son Set Ministries Inc generated $964.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $671.2k during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RELIGIOUS EDUCATION AMONG THE YOUTH & THE APPLICATION OF THESE TEACHINGS AS AN ALTERNATIVE TO VIOLENCE & ISOLATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERASING THE LINES CAMP - A COMMUNITY MISSION PROGRAM INVOLVING YOUTH & ADULTS. PROJECTS INCLUDE INNER CITY OUTREACH & RESTORATION PROJECTS.
TOTAL FOR ALL PROGRAMS
DISCOVERY CREATION CAMP - INTRODUCES YOUTH TO THE CONCEPT OF CREATIONISM BY EXPOSING THEM TO THE NATURAL ENVIRONMENT. YOUTH STUDY WATER & FOREST ECOSYSTEMS PLUS THE STARS AS WELL.
SUMMER BUILD CAMP - ALLOWS CHURCHES & OTHER GROUPS TO PARTICIPATE IN CONSTRUCTION OF SPECIFIC PROJECTS AT THE CAMP. THESE GROUPS RAISE FUNDS WHILE SON SET MINISTRIES PROVIDES LODGING & OTHER ACTIVITIES WHILE THERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Adkins Board Member | Trustee | 1 | $0 |
Paul Aycock Board Member | Trustee | 1 | $0 |
Anna Winn Beaman Board Member | Trustee | 1 | $0 |
Dwayne Benfield Board Member | Trustee | 1 | $0 |
Kent Henderson Board Member | Trustee | 1 | $0 |
Ely Perry III Board Member | 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 | $473,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,280 |
| Total Program Service Revenue | $461,874 |
| Investment income | $18,114 |
| 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 | $11,309 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $964,577 |
| 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. | $60,236 |
| Compensation of current officers, directors, key employees. | $20,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,015 |
| Payroll taxes | $26,292 |
| Fees for services: Management | $17,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,741 |
| Office expenses | $9,603 |
| Information technology | $6,341 |
| Royalties | $0 |
| Occupancy | $56,692 |
| Travel | $19,648 |
| 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 | $43,066 |
| Insurance | $0 |
| All other expenses | $2,806 |
| Total functional expenses | $671,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,417 |
| Savings and temporary cash investments | $731,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $923,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,114,725 |
| Accounts payable and accrued expenses | $11,169 |
| 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 | $11,169 |
| Net assets without donor restrictions | $1,371,980 |
| Net assets with donor restrictions | $731,576 |
| 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 | $2,114,725 |