New Song Ministries

The information on this page was last updated 6/3/2024. If you see errors or omissions, please email: [email protected]


Summary

Puts on Winter Jam Christian concert series


Contact information

Mailing address:
New Song Ministries
825 Smith Road
Ball Ground, GA 30107

Website: jamtour.com

Phone: (678) 938-0435

Email: [email protected]


Organization details

EIN: 581449159

CEO/President: Eddie Carswell

Chairman:

Board size: 0

Founder: Eddie Carswell

Ruling year: 1982

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Puts on Winter Jam Tour and XTreme Winter Conferences


Mission statement

A Christian music ministry sharing the Gospel message through concert performance in small and large venues.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism

This ministry has not been rated.


Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%0%0%0%0%0%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%100%100%100%100%100%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%100%100%100%100%100%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%97%214%103%105%108%
Program output ratio Program output ratio =
Program services /
Total revenue
79%97%214%103%105%108%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%3%-114%-3%-5%-8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%86%-3046%-163%-209%-124%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%0%0%0%0%0%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.0310.595.0412.0515.0910.22
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.471.001.001.001.001.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.2410.595.0412.0615.1110.47
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.281.601.101.231.552.73
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.630.910.810.640.37
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.540.420.210.190.280.73
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%63%91%81%64%36%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
71%4%2%2%2%6%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,272,874$846,741$1,053,400$1,023,823$1,708,766
Receivables, inventories, prepaids$55,806$55,456$51,056$58,959$105,137
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,328,680$902,197$1,104,456$1,082,782$1,813,903
Long-term investments$0$0$0$0$0
Fixed assets$0$269$806$1,343$44,277
Other long-term assets$0$0$0$0$0
Total long-term assets$0$269$806$1,343$44,277
Total assets$1,328,680$902,466$1,105,262$1,084,125$1,858,180
 
Liabilities20222021202020192018
Payables and accrued expenses$832,286$823,033$896,038$697,888$665,104
Other current liabilities$0$0$0$0$0
Total current liabilities$832,286$823,033$896,038$697,888$665,104
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$832,286$823,033$896,038$697,888$665,104
 
Net assets20222021202020192018
Without donor restrictions$0$0$0$0$0
With donor restrictions$0$0$0$0$0
Net assets$496,394$79,433$209,224$386,237$1,193,076
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$0$0$0$0$1,000
Program service revenue$14,502,433$2,130,506$12,982,574$15,548,984$17,479,010
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$974
Other revenue$0$0$0$0$23,676
Total other revenue$14,502,433$2,130,506$12,982,574$15,548,984$17,503,660
Total revenue$14,502,433$2,130,506$12,982,574$15,548,984$17,504,660
 
Expenses20222021202020192018
Program services$14,075,827$4,550,239$13,323,517$16,355,823$18,986,677
Management and general$0$0$0$0$0
Fundraising$0$0$0$0$0
Total expenses$14,075,827$4,550,239$13,323,517$16,355,823$18,986,677
 
Change in net assets20222021202020192018
Surplus (deficit)$426,606($2,419,733)($340,943)($806,839)($1,482,017)
Other changes in net assets$0$0$0$0$0
Total change in net assets$426,606($2,419,733)($340,943)($806,839)($1,482,017)

Compensation

NameTitleCompensation
Billy GoodwinCFO$377,834
Eddie CarswellCEO$362,000

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/3/2024. To update the information below, please email: [email protected]


History


Program accomplishments


Needs