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Nonprofiteer
← ASAP MINISTRIES INC

Form 990 for tax year 2024

Filed by ASAP MINISTRIES INC.

Totals

Total revenue
$3,937,997
Total expenses
$4,413,653
Contributions and grants received
$3,892,205
Grants paid
$2,413,968
Program service revenue
$0
Investment income
$35,427
Other revenue
$10,365
Total assets, end of year
$2,575,065
Total liabilities, end of year
$268,193
Net assets or fund balances, end of year
$2,306,872
Program services expenses (Part IX)
$3,446,654
Management and general expenses
$310,811
Fundraising expenses
$656,188
Program service expenses (Part III)
$2,413,967

Program services were 78.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,892,205

  • 3 · Investment income

    total $35,427 · excluded $35,427

  • 6a · Gross rents

    real property $23,955

  • 6b · Less rental expenses

    real property $21,212

  • 6c · Rental income or loss

    real property $2,743

  • 6d · Net rental income or loss

    total $2,743

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Miscellaneous Revenue

    total $7,622 · related or exempt $7,622

  • 11e · Other revenue, total

    $7,622

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,624 · program services $63,624

  • 2 · Grants to domestic individuals

    total $3,125 · program services $3,125

  • 3 · Grants to foreign organizations and individuals

    total $2,347,219 · program services $2,347,219

  • 5 · Compensation of officers, directors and key employees

    total $233,990 · program services $89,170 · management and general $66,147 · fundraising $78,673

  • 7 · Other salaries and wages

    total $726,192 · program services $430,028 · management and general $93,546 · fundraising $202,618

  • 8 · Pension plan contributions

    total $40,658 · program services $17,360 · management and general $8,737 · fundraising $14,561

  • 9 · Other employee benefits

    total $193,627 · program services $101,805 · management and general $32,177 · fundraising $59,645

  • 10 · Payroll taxes

    total $72,308 · program services $36,280 · management and general $13,019 · fundraising $23,009

  • 11b · Fees: legal

    total $13,091 · management and general $13,091

  • 11c · Fees: accounting

    total $37,977 · program services $14,811 · management and general $10,634 · fundraising $12,532

  • 11g · Fees: other

    total $51,125 · program services $25,640 · management and general $101 · fundraising $25,384

  • 12 · Advertising and promotion

    total $112,796 · program services $61,518 · management and general $398 · fundraising $50,880

  • 13 · Office expenses

    total $57,091 · program services $22,736 · management and general $6,114 · fundraising $28,241

  • 14 · Information technology

    total $75,882 · program services $22,466 · management and general $13,485 · fundraising $39,931

  • 16 · Occupancy

    total $37,557 · program services $21,876 · management and general $7,264 · fundraising $8,417

  • 17 · Travel

    total $191,967 · program services $127,916 · management and general $2,023 · fundraising $62,028

  • 20 · Interest

    total $10,554 · program services $4,116 · management and general $2,955 · fundraising $3,483

  • 22 · Depreciation, depletion and amortization

    total $93,488 · program services $36,461 · management and general $26,176 · fundraising $30,851

  • 23 · Insurance

    total $6,438 · program services $3,190 · management and general $1,491 · fundraising $1,757

  • 24a · Other expenses: Merchant Fees

    total $38,727 · program services $14,750 · management and general $12,199 · fundraising $11,778

  • 24b · Other expenses: Telephone Internet

    total $6,021 · program services $2,487 · management and general $1,199 · fundraising $2,335

  • 24c · Other expenses: Miscellaneous

    total $196 · program services $76 · management and general $55 · fundraising $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $494,590 · end of year $392,094

  • 2 · Savings and temporary cash investments

    beginning of year $1,621,140 · end of year $337,073

  • 4 · Accounts receivable

    beginning of year $4,353 · end of year $130,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,675 · end of year $41,840

  • 10a · Land, buildings and equipment: cost or other basis

    $543,951

  • 10b · Land, buildings and equipment: accumulated depreciation

    $272,041

  • 10c · Land, buildings and equipment, net

    beginning of year $294,073 · end of year $271,910

  • 11 · Investments: publicly traded securities

    beginning of year $664,121 · end of year $1,260,783

  • 15 · Other assets

    beginning of year $188,441 · end of year $141,365

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,437 · end of year $126,755

  • 25 · Other liabilities

    beginning of year $188,484 · end of year $141,438

  • 27 · Net assets without donor restrictions

    beginning of year $1,245,795 · end of year $1,126,692

  • 28 · Net assets with donor restrictions

    beginning of year $1,541,677 · end of year $1,180,180

Mission and programs · 2024

Mission

ASAP Ministries empowers local missionaries to restore and disciple the marginalized with the wholistic gospel.

Activities or mission (Part I)

ASAP Ministries empowers local missionaries to restore and disciple the marginalized with the wholistic gospel

  • 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 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. ASAP brings quality Christian education to over 7,000 children living in vulnerable populations.

    Expenses $1,122,114 · Grants $1,119,707

  • ASAP Ministries brought the Gospel to the suffering in Cambodia, Laos, Thailand, Vietnam and Myanmar. For example, church planters shared about Jesus in unreached villages. They are trained to offer basic medical care to the suffering in these countries.

    Expenses $718,404 · Grants $701,046

  • ASAP Ministries constructed buildings for outreach and school facilities. These initiatives provided the needed facilities and increased the quality of the projects and the lives they impacted.

    Expenses $259,982 · Grants $259,982

  • Expenses $313,467 · Grants $313,467

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Darryl G Hosford

    President

    Total calculated
    $92,070
    From this org
    $71,670
    From related orgs
    $0
    Other
    $20,400
    Hours/week
    45

  • Kaylene P Chadwick

    Finance Director

    Total calculated
    $83,514
    From this org
    $64,709
    From related orgs
    $0
    Other
    $18,805
    Hours/week
    45

  • Dean Coridan

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Curtis Letniak

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Denzil McNeilus

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Trudi Starlin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lilya Wagner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Christopher Carmen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Byron Reynolds

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carol Reynolds

    Trustee

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.2
Source object
202641959349300434

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