2024-11-14T12:18:32-06:00 2023-12-31 453047226 HICKS & ASSOCIATES CPAS 1795 ALYSHEBA WAY STE 6206 LEXINGTON KY 40509 990 2023-01-01 311066863 FRANCIS ASBURY SOCIETY INC FRAN 8598584222 PO BOX 7 WILMORE KY 403900007 WILLIS KIERCE PRESIDENT 8598584222 2024-11-14 1 0 DAVID W HICKS CPA CFF P00011200 8593689727 2023 2024-10-15 13:58:12Z WILLIS KIERCE PO BOX 7 WILMORE KY 403900007 890608 0 X FRANCISASBURYSOCIETY.COM X 1983 KY DISSEMINATION OF THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISM, DISCIPLESHIP, MISSIONS, CONFERENCES, AND CHRISTIAN LITERATURE. 13 13 17 14 0 0 677523 692358 44228 50702 23006 33719 35294 49775 780051 826554 33433 21239 0 0 579741 599491 0 0 96685 443319 367883 1056493 988613 -276442 -162059 3460216 3478749 33496 31768 3426720 3446981 X DISSEMINATION OF THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISM, DISCIPLESHIP, MISSIONS, CONFERENCES, AND CHRISTIAN LITERATURE. 0 0 223384 10987 5284 SPEAKERSFRANCIS ASBURY SOCIETY (FAS) SPEAKERS COME ALONGSIDE ORGANIZATIONS TO LEAD EVANGELISTIC AND RENEWAL MINISTRIES. THEY EMBRACE WESLEYAN-HOLINESS THEOLOGY, MODEL A GODLY LIFESTYLE, SPREAD GOD'S LIFE-CHANGING MESSAGE, AND POSSESS REPUTATIONS AS QUALITY SPEAKERS. EXPENSES INCLUDE SALARY & STIPEND PAYMENTS TO SPEAKERS, TRAVEL AND MEAL REIMBURSEMENTS, AS WELL AS GATHERING OF OUR FAS SPEAKERS AND PROMISING YOUNG SPEAKERS WHOM WE MENTOR. 317737 10086 41252 DISCIPLESHIPFAS IS COMMITTED TO CONNECTING LIKE-MINDED CHRISTIANS IN COVENANT RELATIONSHIPS, THEOLOGICAL REFLECTION AND SPIRITUAL RENEWAL. FAS COVENANT FELLOWSHIP IS COMPRISED OF CHRISTIANS WHO ARE COMMITTED TO MAINTAINING PURITY OF HEART AND A LIFE OF HOLINESS. THE DISCIPLESHIP MINISTRY ALSO INCLUDES TITUS WOMEN (A WOMEN'S MINISTRY), A WEEKLY BIBLE STUDY, AND SHEPHERDS WATCH (A SUPPORT MINISTRY FOR PASTORS WHO ARE INTENTIONAL ABOUT SELF-CARE). IN ADDITION, FAS SPONSORS RETREATS AND CONFERENCES THROUGHOUT THE YEAR WHICH PROMOTE FAS'S VISION AND MESSAGE. 142111 35762 PUBLISHINGIN KEEPING WITH THE MISSION OF FAS TO SPREAD SCRIPTURAL HOLINESS AROUND THE WORLD, THE PUBLISHING MINISTRY PRODUCES A VARIETY OF WRITTEN AND AUDIO-VISUAL RESOURCES. TOPICS FOCUS ON ACADEMIC, DISCIPLESHIP AND BIOGRAPHICAL/TESTIMONIAL THEMES. IN 2023, 7,029 BOOKS/PAMPHLETS/CD-DVD SETS WERE SOLD, AND OUR INVENTORY WAS SOLD AT MANY VENUES BOTH ON-LINE AND AROUND THE COUNTRY. 32414 166 16986 OTHER PROGRAMFAS'S BUILDING IS USED BY OTHERS IN THE COMMUNITY FOR GATHERINGS AND MEETINGS. FAS ENJOYS PROVIDING SPACE FOR CHRISTIAN DISCUSSION AND CELEBRATION. IN 2023, 23 GROUPS RENTED THE FACILITIES AT FAS MINISTRY CENTER; OTHER GROUPS MET FREE OF CHARGE DURING BUSINESS HOURS. EXPENSES INCLUDE OCCUPANCY AND HOSTESSING COSTS RELATED TO THE BUILDING RENTAL EVENTS. 32414 166 16986 715646 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 17 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X COMPANY 8598584222 PO BOX 7 WILMORE KY 403900007 CHRIS BOUNDS BOARD CHAIR 0.50 X X 0 0 0 JOY GRIFFIN BOARD VICE CHAIR 0.50 X X 0 0 0 DENNIS KINLAW BOARD SECRETARY 0.50 X X 0 0 0 MATT FRIEDEMAN BOARD MEMBER 0.50 X 845 0 0 PHIL VEATCH BOARD MEMBER 0.50 X 0 0 0 CHERYLL JOHNSON BOARD MEMBER 0.50 X 0 0 0 HARVEY WILLIAMSON BOARD MEMBER 0.50 X 0 0 0 ANN KELLY BOARD MEMBER 0.50 X 0 0 0 STEVE LUCE BOARD MEMBER 0.50 X 0 0 0 JAY MCCANTS BOARD MEMBER 0.50 X 0 0 0 ANDREW MILLER BOARD MEMBER 0.50 X 0 0 0 MICHAEL TIPTON BOARD MEMBER 0.50 X 0 0 0 LARRY VICKERS BOARD MEMBER 0.50 X 0 0 0 WILLIS KIERCE PRESIDENT 40.00 X 20944 0 22806 GARY AVERS TREASURER 32.00 X 37329 0 0 JOHN OSWALT INTERIM PRESIDENT TO JUNE 2023 25.00 X 1300 0 0 60418 0 22806 0 0 0 0 0 692358 692358 CONFERENCE FEES 900099 50702 50702 50702 33719 33719 4902 4902 5953 0 5953 5953 5953 99367 64054 35313 35313 MISCELLANEOUS 900099 2414 2414 DISCOUNTS 900099 1193 1193 3607 826554 99284 0 34912 1500 1500 3579 3579 16160 16160 504362 341961 106689 55712 70416 53637 8861 7918 24713 14319 7884 2510 7750 7750 17415 15768 1576 71 695 425 270 77268 52897 7010 17361 3406 3406 32054 25512 4279 2263 93988 78884 12158 2946 22124 20511 1520 93 85933 67617 11980 6336 12915 8349 4041 525 OTHER EXPENSES 9503 7003 1845 655 OTHER OPERATIONS 4832 4118 419 295 988613 715646 176282 96685 951 946 251127 147427 7291 9228 37734 29481 23303 24639 3220512 1286614 2015937 1933898 1123873 1333130 3460216 3478749 33378 31750 118 18 33496 31768 X 3062090 3028888 364630 418093 3426720 3446981 3460216 3478749 -162059 182320 0 X X 1 X 0 1 0 X 577584 653722 810572 677523 692358 3411759 577584 653722 810572 677523 692358 3411759 3411759 24239 18247 20947 23006 33719 120158 593 1092 990 2105 3605 8385 3540302 0.96370 0.96850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 935256 172366 71526 1036096 1170828 5000 -184581 55991 935256 1034246 186608 50026 1170828 967707 1500 101382 36343 1034246 781257 10000 186450 10000 967707 0.88340 0.11660 0 0 281084 281084 2678212 1040512 1637700 261216 246102 15114 1933898 X PART X, LINE 2: AS OF DECEMBER 31, 2023, FAS HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX YEARS STILL OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS REMAIN SUBJECT TO REVIEW AND CHANGE. PART V, LINE 4: INCOME FROM PERMANENT ENDOWMENT FUNDS (END OF YEAR VALUE = $120,800) IS INTENDED TO PROVIDE SUPPORT FOR GENERAL OPERATIONS AND FOR THE FRANCIS ASBURY INSTITUTE, A PROGRAM TO PROMOTE AND MAINTAIN THEOLOGICAL DIALOGUE. INCOME FROM THE ELISIE KINLAW QUASI-ENDOWMENT FUND ($38,028) IS TO BE USED TO FUND MISSION INITIATIVES. INCOME FROM THE BUILDING OPERATIONS AND MAINTENANCE QUASI-ENDOWMENT FUND ($671,400) IS TO BE USED TO PAY FOR UTILITIES, MAINTENANCE, AND GENERAL UPKEEP OF THE MINISTRY CENTER COMPLETED IN 2010. INCOME FROM THE REDMOND BOOK PUBLISHING QUASI-ENDOWMENT FUND ($136,316) IS TO BE USED TO PAY FOR PUBLICATION OF CHRISTIAN LITERATURE. THE KINLAW LEGACY PROJECT ($69,552) WAS ESTABLISHED IN MEMORY OF OUR FOUNDER, DENNIS KINLAW AND WILL PROVIDE SUPPORT TO SPEAKERS AND EVANGELISTS ASSOCIATED WITH FRANCIS ASBURY SOCIETY. 1 SUB-SAHARAN AFRICA - UGANDA 0 1 PROGRAM SERVICES SPONSORED NATIVE VOLUNTEER WHO TRAVELED TO VARIOUS LOCATIONS TO TEACH AND TRAIN NATIVES IN EVANGELISTIC METHODS. 3456 SOUTH AMERICA - BOLIVIA 0 1 PROGRAM SERVICES SENT AGENT TO ATTEND AND SPEAK AT SEMINARS AND CONFERENCES AND HOLD EVANGELISTIC MEETINGS. 74801 SOUTH AMERICA - BOLIVIA 0 1 FUNDRAISING FUNDRAISING TO SUPPORT EMPLOYEE WORKING IN SOUTH AMERICA. SAME EMPLOYEE AS ABOVE. 1833 SOUTH AMERICA - COLUMBIA 0 1 PROGRAM SERVICES SENT AGENT TO ATTEND AND SPEAK AT SEMINARS AND CONFERENCES AND HOLD EVANGELISTIC MEETINGS. 25602 SOUTH AMERICA - COLUMBIA 0 1 FUNDRAISING FUNDRAISING TO SUPPORT EMPLOYEE WORKING IN SOUTH AMERICA. SAME EMPLOYEE AS ABOVE. 1969 NORTH AMERICA - MEXICO 0 1 PROGRAM SERVICES SPONSORED NATIVE VOLUNTEER WHO TRAVELED TO VARIOUS LOCATIONS TO TEACH AND TRAIN NATIVES IN EVANGELISTIC METHODS AND EMPOWER THE NATIONS. 27436 0 6 0 0 0 6 135097 0 135097 SOUTH AMERICA - BOLIVIA FOUR GRANTS WERE MADE ($10,000; $4,000; $1,960; $200): TO ASSIST WITH THE OPERATION AND MAINTENANCE OF THE BOLIVIAN EVANGELICAL UNIVERSITY RANCH AND CLINIC. 16160 WIRE TRANSFERS, CHECK, AND CREDIT CARD 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER PERFORMS A DETAILED REVIEW OF THE FORM 990 PRIOR TO ITS FILING. EACH BOARD MEMBER ALSO RECEIVES A COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, EACH EMPLOYEE AND BOARD MEMBER COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE THAT REQUIRES DISCLOSURE OF ANY RELATIONSHIP THAT MIGHT BE PERCEIVED AS A CONFLICT OF INTEREST BETWEEN THE ORGANIZATION AND THE EMPLOYEE OR BOARD MEMBER. THESE STATEMENTS ARE REVIEWED BY BOTH THE PRESIDENT AND THE CHAIRMAN OF THE BOARD WHO DATE AND INITIAL THEIR REVIEW OF ALL THE INFORMATION DISCLOSED IN THE QUESTIONNAIRES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL (PRESIDENT) IS DETERMINED BY THE BUSINESS AFFAIRS COMMITTEE WITH APPROVAL BY THE BOARD. ALL MEMBERS OF THE COMMITTEE ARE INDEPENDENT. THE MEMBERS OF THE COMMITTEE UTILIZE COMPARATIVE DATA GLEANED FROM THEIR RESPECTIVE POSITIONS WITH OTHER NON-PROFIT ORGANIZATIONS. NO EMPLOYEES OF THE ORGANIZATION MEET THE CRITERIA OF "KEY EMPLOYEE" AS DEFINED IN THE 990 INSTRUCTIONS. THE ACTIONS OF THE COMMITTEE REGARDING EXECUTIVE COMPENSATION ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE COMMITTEE IN CONJUNCTION WITH THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 1023, FORM 990, AND REVIEWED FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.