2026-01-22T15:17:41-07:00 2024-12-31 990 2024-01-01 311066863 FRANCIS ASBURY SOCIETY INC FRAN 8598584222 PO Box 7 Wilmore KY 403900007 Willis Kierce President 8598584222 2026-01-07 1 2024 2025-03-06 01:10:19Z X Willis Kierce PO Box 7 Wilmore KY 403900007 986049 0 X www.francisasburysociety.com X 1983 KY DISSEMINATION OF THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISM, DISCIPLESHIP, MISSIONS, CONFERENCES, AND CHRISTIAN LITERATURE. 13 13 24 14 0 0 692358 698391 50702 30586 33719 90299 49775 85479 826554 904755 21239 1000 0 0 599491 637967 0 0 67435 367883 375874 988613 1014841 -162059 -110086 3478749 3469755 31768 22774 3446981 3446981 X DISSEMINATION OF THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISM, DISCIPLESHIP, MISSIONS, CONFERENCES, AND CHRISTIAN LITERATURE. 0 0 298641 0 278678 EVANGELISTS FRANCIS ASBURY SOCIETY (FAS) EVANGELISTS 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 EVANGELISTS, TRAVEL AND MEAL REIMBURSEMENTS, AS WELL AS GATHERING OF OUR FAS EVANGELISTS AND PROMISING YOUNG EVANGELISTS WHOM WE MENTOR. 202294 1000 206515 DISCIPLESHIP FAS 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) AND A WEEKLY BIBLE STUDY. IN ADDITION, FAS SPONSORS RETREATS AND CONFERENCES THROUGHOUT THE YEAR WHICH PROMOTE FAS'S VISION AND MESSAGE. 133261 0 277834 PUBLISHING IN 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 2024, 5800 BOOKS/PAMPHLETS/CD-DVD SETS WERE SOLD, AND OUR INVENTORY WAS SOLD AT MANY VENUES BOTH ON-LINE AND AROUND THE COUNTRY. 144892 0 207 FAS'S BUILDING IS USED BY OTHERS IN THE COMMUNITY FOR GATHERINGS AND MEETINGS. FAS ENJOYS PROVIDING SPACE FOR CHRISTIAN DISCUSSION AND CELEBRATION. IN 2024, 38 GROUPS RENTED THE FACILITIES AT FAS MINISTRY CENTER; OTHER GROUPS MET FREE OF CHARGE DURING BUSINESS HOURS. EXPENSES INCLUDE OCCUPANCY AND HOSTING COSTS RELATED TO THE BUILDING RENTAL EVENTS. EXPENSES $2,209 INCLUDING GRANTS OF $0. REVENUE $4,975. 144892 0 207 779088 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 0 0 24 1 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 WILLIS KIERCE PRESIDENT 40 0 X 33000 0 18000 GARY AVERS TREASURER 32 0 X 33262 0 0 CHRIS BOUNDS BOARD CHAIR 0.5 0 X X 0 0 0 JOY GRIFFIN BOARD VICE-CHAIR 0.5 0 X X 0 0 0 DENNIS KINLAW BOARD SECRETARY 0.5 0 X X 0 0 0 CHERYLL JOHNSON BOARD MEMBER 0.5 0 X 0 0 0 ANN KELLY BOARD MEMBER 0.5 0 X 0 0 0 STEVE LUCE BOARD MEMBER 0.5 0 X 0 0 0 JAY MCCANTS BOARD MEMBER 0.5 0 X 0 0 0 ANDY MILLER BOARD MEMBER 0.5 0 X 0 0 0 MICHAEL TIPTON BOARD MEMBER 0.5 0 X 0 0 0 PHIL VEATCH BOARD MEMBER 0.5 0 X 0 0 0 JERALD WALZ BOARD MEMBER 0.5 0 X 0 0 0 HARVEY WILLIAMSON BOARD MEMBER 0.5 0 X 0 0 0 66262 0 18000 0 0 0 0 0 0 0 0 0 0 698391 0 698391 CONFERENCE FEES 900099 30586 30586 0 0 0 0 0 0 30586 90299 0 0 90299 0 0 0 0 11199 11199 0 0 4975 0 0 0 4975 0 4975 4975 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 150599 81294 69305 69305 0 0 0 904755 116065 0 90299 0 0 0 0 1000 1000 0 0 0 0 0 0 0 0 0 0 516525 369821 99157 47547 0 0 0 0 100417 79601 16067 4749 21025 12338 6609 2078 0 0 0 0 2326 2326 0 0 280 0 280 0 0 0 0 0 0 0 0 0 0 0 22709 20173 2450 86 343 343 0 0 86411 59233 16934 10244 0 0 0 0 5217 5217 0 0 29036 29036 0 0 98081 83720 11790 2571 0 0 0 0 21391 19843 1548 0 0 0 0 0 0 0 0 0 85161 85161 0 0 17510 6007 11503 0 OTHER EXPENSES 1825 962 844 19 OTHER OPERATIONS 5584 4307 1136 141 1014841 779088 168318 67435 946 790 147427 394821 0 0 9228 14480 0 0 0 0 0 0 29481 32625 24639 14942 3211468 1362826 1933898 1848642 1333130 1163455 0 0 0 0 0 0 0 0 3478749 3469755 31750 33900 0 0 18 -11126 0 0 0 0 0 0 0 0 0 0 0 0 31768 22774 X 3028888 3087617 418093 359364 3446981 3446981 3478749 3469755 -110086 110086 0 0 0 0 X X 0 0 0 X 653722 810572 677523 692358 698391 3532566 0 0 0 0 0 0 0 0 0 0 0 0 653722 810572 677523 692358 698391 3532566 0 3532566 18247 20947 23006 33719 48069 143988 0 0 0 0 0 0 1092 990 2105 3605 4975 12767 3689321 0 0.95751 0.9637 X Schedule A, Part II, Line 10 OTHER INCOME FAS'S BUILDING IS USED BY OTHERS IN THE COMMUNITY FOR GATHERINGS AND MEETINGS. FAS ENJOYS PROVIDING SPACE FOR CHRISTIAN DISCUSSION AND CELEBRATION. IN 2024, 38 GROUPS RENTED THE FACILITIES AT FAS MINISTRY CENTER; OTHER GROUPS MET FREE OF CHARGE DURING BUSINESS HOURS. 2024 REVENUE = $4,975. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1036096 0 -6716 0 33540 0 995840 935256 0 172366 0 71526 0 1036096 1170828 5000 -184581 0 55991 0 935256 1034246 0 186608 0 50026 0 1170828 969707 1500 101382 0 36343 0 1036246 0.8807 0.1193 0 0 0 0 281084 281084 0 2678212 1104603 1573609 0 0 0 0 0 252172 258223 -6051 0 0 0 0 1848642 0 X 904755 0 0 0 0 0 904755 0 0 0 904755 1014841 0 0 0 0 0 1014841 0 0 0 1014841 Schedule D, Part V, Line 4 PART V, LINE 4: INCOME FROM PERMANENT ENDOWMENT FUNDS (END OF YEAR VALUE = $139,410) 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 ELSIE KINLAW QUASI-ENDOWMENT FUND ($41,645) IS TO BE USED TO FUND MISSION INITIATIVES. INCOME FROM THE BUILDING OPERATIONS AND MAINTENANCE QUASI-ENDOWMENT FUND ($637,965) 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 ($73,682) IS TO BE USED TO PAY FOR PUBLICATION OF CHRISTIAN LITERATURE. THE KINLAW LEGACY PROJECT ($57,985) WAS ESTABLISHED IN MEMORY OF OUR FOUNDER, DENNIS KINLAW AND WILL PROVIDE SUPPORT TO SPEAKERS AND EVANGELISTS ASSOCIATED WITH FRANCIS ASBURY SOCIETY. Schedule D, Part X, Line 2 PART X, LINE 2: AS OF DECEMBER 31, 2024, 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. 1 Central America and the Caribbean 0 1 Program Services COLOMBIA: SENT AGENT TO ATTEND REFRESHER LANGUAGE TRAINING FOR FUTURE SPEAKING ENGAGEMENTS. 3722 Sub-Saharan Africa 0 1 Program Services REGION: AFRICA - ETHIOPIA SENT AGENT TO ATTEND AND SPEAK AT SEMINARS AND CONFERENCES AND HOLD EVANGELISTIC MEETINGS. 12100 Central America and the Caribbean 0 1 Program Services MEXICO: SENT AGENT TO ATTEND AND SPEAK AT SEMINARS AND CONFERENCES AND HOLD EVANGELISTIC MEETINGS. 1000 0 3 16822 Sub-Saharan Africa ETHIOPIA: TWO GRANTS WERE MADE ($3,000; $9,100) TO ASSIST WITH EVANGELISTIC MEETINGS. 12100 WIRE TRANSFERS 0 MARKET 0 0 0 0 0 0 0 0 Schedule F, Part I, Line 1 COLOMBIA: SENT AGENT TO ATTEND REFRESHER LANGUAGE TRAINING FOR FUTURE SPEAKING ENGAGEMENTS. Schedule F, Part I, Line 2 ETHIOPIA: SENT AGENT TO ATTEND AND SPEAK AT SEMINARS AND CONFERENCES AND HOLD EVANGELISTIC MEETINGS. Schedule F, Part I, Line 3 MEXICO: SENT AGENT TO ATTEND AND SPEAK AT SEMINARS AND CONFERENCES AND HOLD EVANGELISTIC MEETINGS. Schedule F, Part II, Line 1 ETHIOPIA (D) PURPOSE OF GRANT: TWO GRANTS WERE MADE ($3,000; $9,100) TO ASSIST WITH EVANGELISTIC MEETINGS. Form 990, Part III, Line 4d OTHER PROGRAM FAS'S BUILDING IS USED BY OTHERS IN THE COMMUNITY FOR GATHERINGS AND MEETINGS. FAS ENJOYS PROVIDING SPACE FOR CHRISTIAN DISCUSSION AND CELEBRATION. IN 2024, 38 GROUPS RENTED THE FACILITIES AT FAS MINISTRY CENTER; OTHER GROUPS MET FREE OF CHARGE DURING BUSINESS HOURS. EXPENSES INCLUDE OCCUPANCY AND HOSTING COSTS RELATED TO THE BUILDING RENTAL EVENTS. EXPENSES $2,209 INCLUDING GRANTS OF $0. REVENUE $4,975. Form 990, Part VI, Section B, Line 11b FORM 990, PART VI, SECTION B, LINE 11B: THE PRESIDENT 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. WE HAD PERSONNEL CHANGES IN OUR FINANCE DEPARTMENT IN LATE 2024, AND OUR NEW FINANCIAL PERSONNEL HAD A STEEP LEARNING CURVE, WHICH HAS SIGNIFICANTLY DELAYED US BEYOND OUR INTENDED NOVEMBER 15,2025, EXTENDED DEADLINE FOR FILING OUR FORM 990.