Nonprofit · EIN 56-1703112
TOM FARRELL EVANGELISTIC MINISTRIES
Tax-exempt · LEXINGTON, NC 27295
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $161,436 | $37,870 | $123,566 | $901,213 | $0 | $901,213 |
| December 31, 2023 | 990 | $70,240 | $38,029 | $32,211 | $777,647 | $0 | $777,647 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $60,273
- Program service revenue
- $0
- Investment income
- $101,163
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $18,000
- Salaries, compensation and benefits (total)
- $24,000
- Professional fundraising fees
- $0
- Accounting fees
- $950
- Depreciation
- $5,458
- Program services (functional)
- $37,870
Balance sheet and other
- Total assets, start of year
- $777,647
- Total assets, end of year
- $901,213
- Total liabilities, end of year
- $0
- Net assets, end of year
- $901,213
- Land, buildings and equipment
- $34,109
- Publicly traded securities
- $616,482
- Net assets without donor restrictions
- $901,213
- Gross receipts
- $161,436
- Employees
- 1
- Year formed
- 1990
- State of legal domicile
- NC
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 |
|---|---|---|---|
| BEN FARRELL | EXEC DIR Trustee or director, Officer, Key employee | 2 | $18,000 |
| DR KEN COLLIER | BD MEMBER Trustee or director, Officer | 1 | $0 |
| ATTY RICHARD PATTSON | BD MEMBER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR KEN COLLIER | BD MEMBER Trustee or director, Officer | 1 | $0 |
| ATTY RICHARD PATTSON | BD MEMBER Trustee or director, Officer | 1 | $0 |
| BEN FARRELL | EXEC DIR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 219 GREENFIELD CT, LEXINGTON, NC 27295-5882
- In care of
- % BEN FARRELL
- Principal officer (990 for 2024)
- BEN FARRELL, 570 REEDY CREEK BAPTIST CHURCH ROAD, Lexington, NC 27295
- Signed the 990
- BEN FARRELL, PRESIDENT
- Phone
- (864) 630-9200
- Website
- www.FarrellMinistries.org
- Return prepared by
- NORDLANDER CONSULTING GROUP
Mission
MINISTRY TO BIBLE COLLEGES, CHURCHES AND CAMPS IN THE UNITED STATES AND OVERSEAS WHERE NEEDED PREACHING ON A FREE WILL OFFERING. SUPPORT LOCAL PASTORS
Program accomplishments
- MINISTER TO CHURCHES AND LOCAL PASTORS IN THE UNTIED STATES OR WHERE NEEDED ON A LOVE OFFERING BASISExpenses $37,870
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
- 56-1703112
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X21Z)
- Assets (IRS master file)
- $901,213
- Income (IRS master file)
- $161,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $161,436 | $37,870 | $901,213 | XML |
| 990 | December 2023 | $70,240 | $38,029 | $777,647 | XML |
| 990 | December 2022 | $59,468 | $36,975 | $745,437 | 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 56-1703112).
Questions about TOM FARRELL EVANGELISTIC MINISTRIES
- What is the EIN of TOM FARRELL EVANGELISTIC MINISTRIES?
- The employer identification number (EIN) of TOM FARRELL EVANGELISTIC MINISTRIES is 56-1703112.
- Is TOM FARRELL EVANGELISTIC MINISTRIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to TOM FARRELL EVANGELISTIC MINISTRIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOM FARRELL EVANGELISTIC MINISTRIES 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 TOM FARRELL EVANGELISTIC MINISTRIES 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 TOM FARRELL EVANGELISTIC MINISTRIES 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 TOM FARRELL EVANGELISTIC MINISTRIES?
- The 990 for the year ended December 31, 2024 names BEN FARRELL.
- Who are the officers and directors of TOM FARRELL EVANGELISTIC MINISTRIES?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $18,000 (BEN FARRELL, EXEC DIR).
- How much revenue does TOM FARRELL EVANGELISTIC MINISTRIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $161,436, expenses of $37,870 and total assets of $901,213 at year end.
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