Phil Waldrep Evangelistic Association FY2020 filing

Tax-deductible

Decatur, AL501(c)(3)Since 1980ReligionEIN 63-0782826Revenue $4.1M in FY2020

On file with the IRSphilwaldrep.org2916 Danville Rd Sw, 35603-4268 · Decatur, ALTax-exempt since Apr 1980Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Phil Waldrep Evangelistic Association is to share the gospel by all means, traditional and non-traditional, and to provide quality conferences and resources for people to develop their spiritual lives by strengthening their relationship with god, family and associates while maintaining a commitment to biblical truth and highest levels of integrity.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.4M a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $68K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
Spent
$4.6M
To programs
89%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$4.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$9.2M
FY2022$8.7M
FY2023$12.1M
FY2024$13.5M
FY2025$13.3M
Expenses
$4.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.6M
FY2021$7.2M
FY2022$8.8M
FY2023$9.4M
FY2024$10.4M
FY2025$11.8M
Net assets
$3.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$5.0M
FY2022$4.9M
FY2023$7.6M
FY2024$10.7M
FY2025$12.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.1M Management & general 10% · $485K Fundraising 1% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chairman
$131,040Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Phil Waldrep’s $172K as Chairman is at the 35th percentile of top reported officer pay among 225 $10–100M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Phil Waldrep$172,307$167,604$149,640$138,039$131,040
Thomas Schwindling$132,000$118,445$125,800——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Phil Waldrep Evangelistic Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Shares the Gospel and offers conferences and resources for spiritual growth.

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Provided by the organization

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1 program · $4.1M · in their own filed words · FY2020
01

Religous conventions serving thousands of people to provide these participants with various inspirational speakers and music leaders to spread the word of the lord jesus christ.

$4.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$68K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$2.3M
Gifts and grantsLn 1h$958K
Other incomeLn 4–11$882K
Money outPt IX
$4.6M
Ln 25
Programscol B$4.1M
Managementcol C$485K
Fundraisingcol D$36K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$4.9M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$958K
Government grantsLn 1e$277K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$2K
Other incomeLn 4–11$882K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$4.9M
LiabilitiesLn 26$1.8M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 526
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$56K$27K
InvestmentsLn 11–13$2.1M$2.8M
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$4.5M$4.9M
LiabilitiesLn 26$968K$1.8M
Net assetsLn 32$3.5M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$936K$637K$281K$19K
Pension plan contributionsLn 8$46K$36K$9K$456
Payroll taxesLn 10$71K$56K$14K$711
Accounting feesLn 11c$17K$9K$9K
Advertising and promotionLn 12$35K$28K$7K
Office expensesLn 13$128K$96K$32K
Information technologyLn 14$51K$41K$10K
TravelLn 17$25K$14K$11K
Depreciation, depletion and amortizationLn 22$64K$64K
InsuranceLn 23$139K$83K$56K
Other expenses (24a–d)Ln 24$3.0M$3.0M$31K$16K
All other expensesLn 24e$88K$63K$25K
Total functional expensesLn 25$4.6M$4.1M$485K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.3M$11.8M$1.5M$12.1M 990 PDF
FY2024 $13.5M$10.4M$3.1M$10.7M 990 PDF
FY2023 $12.1M$9.4M$2.7M$7.6M 990 PDF
FY2022 $8.7M$8.8M−$87K$4.9M 990 PDF
FY2021 $9.2M$7.2M$1.9M$5.0M 990 PDF
FY2020 Viewing $4.1M$4.6M−$495K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,132,150 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,002,487$958,100
I-9 Program service revenuePrior year $7,692,146$2,289,999
I-10 Investment incomePrior year −$39,233$1,592
I-11 Other revenuePrior year $709,749$882,459
I-12 Total revenuePrior year $9,365,149$4,132,150
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,077,692$1,052,679
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,292,944$3,574,851
I-18 Total expensesPrior year $8,370,636$4,627,530
I-19 Revenue less expensesPrior year $994,513−$495,380
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,132,150 across 7 lines filed
VIII-1e Government grants$277,120
VIII-1f All other contributions, gifts and grants$680,980
VIII-1h Total contributions, gifts and grants$958,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,289,999$2,289,999
VIII-3 Investment incomeRelated to mission $1,592$1,592
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $882,459$882,459
VIII-12 Total revenueRelated to mission $3,174,050$4,132,150
Part IX · Statement of functional expenses $4,627,530 across 12 lines filed
IX-7 Other salaries and wagesPrograms $636,654 · Management $280,789 · Fundraising $18,519$935,962
IX-8 Pension plan contributionsPrograms $36,057 · Management $9,128 · Fundraising $456$45,641
IX-10 Payroll taxesPrograms $56,150 · Management $14,215 · Fundraising $711$71,076
IX-11c Accounting feesPrograms $8,714 · Management $8,714$17,428
IX-12 Advertising and promotionPrograms $28,031 · Management $7,008$35,039
IX-13 Office expensesPrograms $95,934 · Management $31,880$127,814
IX-14 Information technologyPrograms $40,812 · Management $10,203$51,015
IX-17 TravelPrograms $14,240 · Management $10,828$25,068
IX-22 Depreciation, depletion and amortizationPrograms $63,573$63,573
IX-23 InsurancePrograms $83,459 · Management $55,639$139,098
IX-24 Other expenses (24a–d)Programs $2,980,619 · Management $31,077 · Fundraising $16,237$3,027,933
IX-24e All other expensesPrograms $62,692 · Management $25,191$87,883
IX-25 Total functional expensesPrograms $4,106,935 · Management $484,672 · Fundraising $35,923$4,627,530
Part X · Balance sheet $4,857,819 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $56,204$26,973
X-8 Inventories for sale or useStart of year $61,954$57,816
X-9 Prepaid expenses and deferred chargesStart of year $583,320$436,550
X-10c Land, buildings and equipment, netStart of year $1,590,931$1,572,884
X-11 Publicly traded securitiesStart of year $2,120,071$2,763,596
X-16 Total assetsStart of year $4,497,793$4,857,819
X-17 Accounts payable and accrued expensesStart of year $130,592$12,255
X-19 Deferred revenueStart of year $836,982$1,810,725
X-26 Total liabilitiesStart of year $967,574$1,822,980
X-27 Net assets without donor restrictionsStart of year $3,524,479$2,972,754
X-28 Net assets with donor restrictionsStart of year $5,740$62,085
X-32 Total net assets or fund balancesStart of year $3,530,219$3,034,839
X-33 Total liabilities and net assetsStart of year $4,497,793$4,857,819
Part XI · Reconciliation of net assets $3,034,839 net assets at year end
XI-1 Total revenue$4,132,150
XI-2 Total expenses$4,627,530
XI-3 Revenue less expenses−$495,380
XI-4 Net assets at start of year$3,530,219
XI-10 Net assets at end of year$3,034,839

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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