Phil Waldrep Evangelistic Association FY2021 filing

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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.
76¢ of each $1 spent went to programs.
$138K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$138K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $3.4M in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $3.4M in investments.
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
$805K
14% of total assets
Looks good: liabilities are 14% 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
$9.2M
+122% vs prior year
Spent
$7.2M
To programs
76%
Net assets
$5.0M
By yearFY2020–FY2025
Revenue
$9.2M
FY2021▲ +122%
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
$7.2M
FY2021▲ +56%
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
$5.0M
FY2021▲ +64%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

76 cents of each dollar spent went to programs.

Program services 76% · $5.5M Management & general 24% · $1.7M Fundraising 0% · $4K

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; $138K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chairman
$138,039Pt 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
Board Member
$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 →

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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1 program · $5.5M · in their own filed words · FY2021
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.

$5.5Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Fees for servicesLn 2g$7.4M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$614K
Money outPt IX
$7.2M
Ln 25
Programscol B$5.5M
Managementcol C$1.7M
Fundraisingcol D$4K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$198K
Total assetsLn 16$5.8M
LiabilitiesLn 26$805K
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$1.2M
Government grantsLn 1e$201K
Fees for servicesLn 2g$7.4M
Investment incomeLn 3$710
Other incomeLn 4–11$614K
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
CashLn 1$198K
Cash and savings togetherLn 1–2$198K
InvestmentsLn 11–13$3.4M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$5.8M
LiabilitiesLn 26$805K
Net assetsLn 32$5.0M
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 FY21End FY21
Cash and savingsLn 1–2$27K$198K
InvestmentsLn 11–13$2.8M$3.4M
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$4.9M$5.8M
LiabilitiesLn 26$1.8M$805K
Net assetsLn 32$3.0M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$847K$847K
Pension plan contributionsLn 8$43K$43K
Payroll taxesLn 10$64K$64K
Accounting feesLn 11c$21K$21K
Advertising and promotionLn 12$469K$426K$43K
Office expensesLn 13$105K$105K
Information technologyLn 14$56K$56K
Depreciation, depletion and amortizationLn 22$61K$61K
InsuranceLn 23$159K$159K
Other expenses (24a–d)Ln 24$4.7M$4.7M
All other expensesLn 24e$714K$361K$349K$4K
Total functional expensesLn 25$7.2M$5.5M$1.7M$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 20, 2026 $13.3M$11.8M$1.5M$12.1M 990 PDF
FY2024Filed with the IRS Oct 29, 2025 $13.5M$10.4M$3.1M$10.7M 990 PDF
FY2023Filed with the IRS Feb 24, 2025 $12.1M$9.4M$2.7M$7.6M 990 PDF
FY2022Filed with the IRS Oct 14, 2023 $8.7M$8.8M−$87K$4.9M 990 PDF
FY2021 ViewingFiled with the IRS Nov 5, 2022 $9.2M$7.2M$1.9M$5.0M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $4.1M$4.6M−$495K$3.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $9,174,147 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $958,100$1,158,482
I-9 Program service revenuePrior year $2,289,999$7,400,457
I-10 Investment incomePrior year $1,592$710
I-11 Other revenuePrior year $882,459$614,498
I-12 Total revenuePrior year $4,132,150$9,174,147
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,032,679$953,519
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,594,820$6,276,914
I-18 Total expensesPrior year $4,627,499$7,230,433
I-19 Revenue less expensesPrior year −$495,349$1,943,714
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 $9,174,147 across 7 lines filed
VIII-1e Government grants$200,858
VIII-1f All other contributions, gifts and grants$957,624
VIII-1h Total contributions, gifts and grants$1,158,482
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,400,457$7,400,457
VIII-3 Investment incomeRelated to mission $710$710
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $614,498$614,498
VIII-12 Total revenueRelated to mission $8,015,665$9,174,147
Part IX · Statement of functional expenses $7,230,433 across 11 lines filed
IX-7 Other salaries and wagesManagement $847,037$847,037
IX-8 Pension plan contributionsManagement $42,585$42,585
IX-10 Payroll taxesManagement $63,897$63,897
IX-11c Accounting feesManagement $20,745$20,745
IX-12 Advertising and promotionPrograms $426,427 · Management $43,041$469,468
IX-13 Office expensesManagement $105,431$105,431
IX-14 Information technologyManagement $56,051$56,051
IX-22 Depreciation, depletion and amortizationManagement $61,222$61,222
IX-23 InsuranceManagement $159,464$159,464
IX-24 Other expenses (24a–d)Programs $4,690,714$4,690,714
IX-24e All other expensesPrograms $361,221 · Management $348,751 · Fundraising $3,847$713,819
IX-25 Total functional expensesPrograms $5,478,362 · Management $1,748,224 · Fundraising $3,847$7,230,433
Part X · Balance sheet $5,783,944 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $26,973$197,842
X-8 Inventories for sale or useStart of year $57,816$74,103
X-9 Prepaid expenses and deferred chargesStart of year $436,550$588,134
X-10c Land, buildings and equipment, netStart of year $1,572,884$1,546,674
X-11 Publicly traded securitiesStart of year $2,763,596$3,377,191
X-16 Total assetsStart of year $4,857,819$5,783,944
X-17 Accounts payable and accrued expensesStart of year $12,255$34,212
X-19 Deferred revenueStart of year $1,810,725$771,179
X-26 Total liabilitiesStart of year $1,822,980$805,391
X-27 Net assets without donor restrictionsStart of year $2,972,754$4,978,553
X-32 Total net assets or fund balancesStart of year $3,034,839$4,978,553
X-33 Total liabilities and net assetsStart of year $4,857,819$5,783,944
Part XI · Reconciliation of net assets $4,978,553 net assets at year end
XI-1 Total revenue$9,174,147
XI-2 Total expenses$7,230,433
XI-3 Revenue less expenses$1,943,714
XI-4 Net assets at start of year$3,034,839
XI-10 Net assets at end of year$4,978,553

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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