Nonprofit · EIN 31-1066863
FRANCIS ASBURY SOCIETY INC
Tax-exempt · WILMORE, KY 40390
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $904,755 | $1,014,841 | -$110,086 | $3,469,755 | $22,774 | $3,446,981 |
| December 31, 2023 | 990 | $826,554 | $988,613 | -$162,059 | $3,478,749 | $31,768 | $3,446,981 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $698,391
- Program service revenue
- $30,586
- Investment income
- $90,299
- Royalties
- $11,199
- Net rental income
- $4,975
- Net income from sales of inventory
- $69,305
- Other revenue
- $85,479
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $516,525
- Salaries, compensation and benefits (total)
- $637,967
- Professional fundraising fees
- $0
- Legal fees
- $2,326
- Accounting fees
- $280
- Occupancy
- $29,036
- Travel
- $98,081
- Depreciation
- $85,161
- Program services (functional)
- $779,088
- Management and general (functional)
- $168,318
- Fundraising (functional)
- $67,435
Balance sheet and other
- Total assets, start of year
- $3,478,749
- Total assets, end of year
- $3,469,755
- Total liabilities, end of year
- $22,774
- Net assets, end of year
- $3,446,981
- Land, buildings and equipment
- $1,848,642
- Publicly traded securities
- $1,163,455
- Net assets without donor restrictions
- $3,087,617
- Net assets with donor restrictions
- $359,364
- Gross receipts
- $986,049
- Employees
- 24
- Volunteers
- 14
- Year formed
- 1983
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIS KIERCE | PRESIDENT Officer | 40 | $33,000 | $18,000 |
| GARY AVERS | TREASURER Officer | 32 | $33,262 | $0 |
| CHRIS BOUNDS | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| JOY GRIFFIN | BOARD VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| DENNIS KINLAW | BOARD SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| CHERYLL JOHNSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANN KELLY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| STEVE LUCE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAY MCCANTS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANDY MILLER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHAEL TIPTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PHIL VEATCH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JERALD WALZ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| HARVEY WILLIAMSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIS KIERCE | PRESIDENT Officer | 40 | $20,944 | $22,806 |
| GARY AVERS | TREASURER Officer | 32 | $37,329 | $0 |
| JOHN OSWALT | INTERIM PRESIDENT TO JUNE 2023 Officer | 25 | $1,300 | $0 |
| MATT FRIEDEMAN | BOARD MEMBER Trustee or director | 0.5 | $845 | $0 |
| CHRIS BOUNDS | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| JOY GRIFFIN | BOARD VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| DENNIS KINLAW | BOARD SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| PHIL VEATCH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHERYLL JOHNSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| HARVEY WILLIAMSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANN KELLY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| STEVE LUCE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAY MCCANTS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANDREW MILLER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHAEL TIPTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LARRY VICKERS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7, WILMORE, KY 40390-0007
- Principal officer (990 for 2024)
- Willis Kierce, PO Box 7, Wilmore, KY 403900007
- Signed the 990
- Willis Kierce, President
- Phone
- (859) 858-4222
- Website
- www.francisasburysociety.com
Mission
DISSEMINATION OF THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISM, DISCIPLESHIP, MISSIONS, CONFERENCES, AND CHRISTIAN LITERATURE.
Program accomplishments
- 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.Expenses $298,641 · revenue $278,678
- 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.Expenses $202,294 · grants $1,000 · revenue $206,515
- 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.Expenses $133,261 · revenue $277,834
- 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.Expenses $144,892 · revenue $207
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1066863
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,469,755
- Income (IRS master file)
- $986,049
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $904,755 | $1,014,841 | $3,469,755 | XML |
| 990 | December 2023 | $826,554 | $988,613 | $3,478,749 | XML |
| 990 | December 2022 | $780,051 | $1,056,493 | $3,460,216 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1066863).
Questions about FRANCIS ASBURY SOCIETY INC
- What is the EIN of FRANCIS ASBURY SOCIETY INC?
- The employer identification number (EIN) of FRANCIS ASBURY SOCIETY INC is 31-1066863.
- Is FRANCIS ASBURY SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to FRANCIS ASBURY SOCIETY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANCIS ASBURY SOCIETY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANCIS ASBURY SOCIETY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANCIS ASBURY SOCIETY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRANCIS ASBURY SOCIETY INC?
- The 990 for the year ended December 31, 2024 names Willis Kierce.
- Who are the officers and directors of FRANCIS ASBURY SOCIETY INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $33,000 (WILLIS KIERCE, PRESIDENT).
- How much revenue does FRANCIS ASBURY SOCIETY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $904,755, expenses of $1,014,841 and total assets of $3,469,755 at year end.
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