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Nonprofiteer
← GOOD NEWS PUBLISHERS

Form 990 for tax year 2024

Filed by GOOD NEWS PUBLISHERS.

Totals

Total revenue
$62,229,488
Total expenses
$51,879,682
Contributions and grants received
$1,431,300
Grants paid
$399,642
Program service revenue
$51,159
Investment income
$389,355
Other revenue
$60,357,674
Total assets, end of year
$76,782,842
Total liabilities, end of year
$21,647,802
Net assets or fund balances, end of year
$55,135,040
Program services expenses (Part IX)
$45,281,616
Management and general expenses
$6,192,738
Fundraising expenses
$405,328
Program service expenses (Part III)
$45,281,616

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,431,300

  • 2a · Program service revenue: Program Service Revenue

    total $51,159 · related or exempt $51,159

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $389,355 · excluded $389,355

  • 5 · Royalties

    total $2,678,927 · excluded $2,678,927

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $94,886,279

  • 10b · Cost of goods sold

    $37,240,352

  • 10c · Net income from sales of inventory

    total $57,645,927 · related or exempt $57,645,927

  • 11d · All other revenue

    total $32,820 · related or exempt $0 · unrelated business $0 · excluded $32,820

  • 11e · Other revenue, total

    $32,820

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,908 · program services $19,908

  • 3 · Grants to foreign organizations and individuals

    total $379,734 · program services $379,734

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $3,478,387 · program services $1,635,733 · management and general $1,793,879 · fundraising $48,775

  • 6 · Compensation of disqualified persons

    total $758,159 · program services $737,761 · management and general $20,398

  • 7 · Other salaries and wages

    total $11,604,106 · program services $10,671,958 · management and general $721,782 · fundraising $210,366

  • 8 · Pension plan contributions

    total $688,578 · program services $581,656 · management and general $94,336 · fundraising $12,586

  • 9 · Other employee benefits

    total $2,324,175 · program services $1,945,976 · management and general $339,340 · fundraising $38,859

  • 10 · Payroll taxes

    total $1,101,175 · program services $932,275 · management and general $152,979 · fundraising $15,921

  • 11b · Fees: legal

    total $153,143 · management and general $153,143

  • 11c · Fees: accounting

    total $43,854 · management and general $43,854

  • 11g · Fees: other

    total $4,778,157 · program services $3,917,398 · management and general $860,759 · fundraising $0

  • 12 · Advertising and promotion

    total $14,063,832 · program services $13,949,089 · management and general $114,743

  • 13 · Office expenses

    total $862,977 · program services $463,815 · management and general $394,411 · fundraising $4,751

  • 14 · Information technology

    total $351,356 · management and general $351,356

  • 15 · Royalties

    total $526,169 · program services $526,169

  • 16 · Occupancy

    total $2,353,881 · program services $2,334,564 · management and general $16,734 · fundraising $2,583

  • 17 · Travel

    total $1,229,868 · program services $1,075,814 · management and general $111,486 · fundraising $42,568

  • 19 · Conferences, conventions and meetings

    total $791,123 · program services $791,123

  • 22 · Depreciation, depletion and amortization

    total $726,670 · program services $673,131 · management and general $46,381 · fundraising $7,158

  • 23 · Insurance

    total $246,537 · program services $228,373 · management and general $15,736 · fundraising $2,428

  • 24a · Other expenses: Ministry Projects

    total $2,702,562 · program services $2,702,562

  • 24b · Other expenses: Shipping & Mailing

    total $1,575,697 · program services $1,531,996 · management and general $43,646 · fundraising $55

  • 24c · Other expenses: Dues & Subscriptions

    total $376,316 · management and general $376,316

  • 24d · Other expenses: Research & Development

    total $48,133 · program services $44,587 · management and general $3,072 · fundraising $474

  • 24e · All other expenses

    total $695,185 · program services $137,994 · management and general $538,387 · fundraising $18,804

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $926 · end of year $1,398

  • 2 · Savings and temporary cash investments

    beginning of year $13,416,164 · end of year $5,946,778

  • 3 · Pledges and grants receivable

    beginning of year $480,000 · end of year $320,000

  • 4 · Accounts receivable

    beginning of year $14,649,698 · end of year $19,722,203

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $14,378,865 · end of year $30,720,946

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,881,004 · end of year $3,826,851

  • 10a · Land, buildings and equipment: cost or other basis

    $17,174,937

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,309,954

  • 10c · Land, buildings and equipment, net

    beginning of year $7,760,800 · end of year $8,864,983

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,448,322 · end of year $7,379,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,278,819 · end of year $12,339,291

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $9,951,726 · end of year $9,308,511

  • 27 · Net assets without donor restrictions

    beginning of year $42,652,168 · end of year $53,597,160

  • 28 · Net assets with donor restrictions

    beginning of year $2,133,066 · end of year $1,537,880

Mission and programs · 2024

Mission

Crossway is a not-for-profit Christian publishing ministry of Good News Publishers that exists to proclaim the gospel of Jesus Christ through publishing and other means, in order, by God's grace: to bring people to Christ as their Lord and Savior; to help Christians and the church grow in knowledge and understanding of the Christian life; to bear witness to God's truth, beauty, and holiness, and to the lordship of Christ in every area of life; and to glorify our Lord and Savior Jesus Christ in every way.

Activities or mission (Part I)

To proclaim the gospel and the truth of God's Word through publishing and all other means.

  • Bible Publishing The Bible Division publishes the English Standard Version (ESV) Bible and related resources to serve the needs of the global church. The ESV is an "essentially literal" translation created by more than 100 leading evangelical scholars and pastors, emphasizing word-for-word accuracy, literary excellence, and depth of meaning. Since its first publication in 2001, hundreds of millions of copies have been distributed worldwide. In FY2025, Crossway continued to make the ESV available in a wide range of print editions and free digital formats, reaching users in nearly every country. Through global ministry initiatives, Bibles and gospel resources were distributed to pastors, missionaries, students, and ministry leaders around the world, many at no cost.

    Expenses $29,424,149 · Grants $196,315 · Revenue $37,467,370

  • Book Publishing Crossway's book division, launched in 1979, publishes gospel-centered books in print, ebook, and audio formats, focused on proclaiming the gospel and applying God's Word to every area of life. Recent authors include Paul David Tripp, Kevin DeYoung, Dane Ortlund, Nancy Guthrie, Lydia Brownback, Jen Wilkin, John Piper, Kent Hughes, and Joni Eareckson Tada. In addition to new releases, Crossway provides free and discounted books to ministries, supports translation projects, and partners with organizations to extend the reach of biblically faithful resources globally.

    Expenses $14,905,811 · Grants $125,519 · Revenue $19,321,646

  • Tract Publishing Founded in 1938 as Good News Publishers, Crossway began by printing evangelistic tracts and continues to distribute them worldwide to churches, ministries, and individuals engaged in gospel outreach. Digital and Global Ministry Initiatives Crossway invests in digital publishing to expand access to Scripture and gospel-centered resources. The ESV Bible was among the first modern translations released simultaneously in print and digital formats, and today it is freely available online and through mobile apps. Crossway also undertakes major global distribution projects, such as initiatives to place Bibles in the hands of people who might not otherwise have access to God's Word. All of this work is made possible by God's grace, with the aim of honoring our Savior and serving his church, for the glory of God alone.

    Expenses $951,656 · Grants $77,808 · Revenue $908,070

As filed on the 2024 return.

Listed in Part VII

  • Donald Jones

    Board Member, Chief Publishing Officer

    Total calculated
    $337,741
    From this org
    $293,949
    From related orgs
    $0
    Other
    $43,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,155
    Bonus
    $77,614
    Other
    $180
    Deferred
    $12,289
    Nontaxable benefits
    $31,503
    Filer's total
    $337,741
  • James Fellowes

    Treasurer

    Total calculated
    $0
    Hours/week
    5 + 0.3 related
  • Josh Dennis

    Chairman of the Board, President, CEO

    Total calculated
    $502,091
    From this org
    $455,580
    From related orgs
    $0
    Other
    $46,511
    Hours/week
    40 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $305,060
    Bonus
    $147,250
    Other
    $3,270
    Deferred
    $15,500
    Nontaxable benefits
    $31,011
    Filer's total
    $502,091
  • Lane T Dennis

    Board Member, Executive Advisor

    Total calculated
    $256,567
    From this org
    $204,057
    From related orgs
    $0
    Other
    $52,510
    Hours/week
    20 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $130,078
    Bonus
    $56,000
    Other
    $17,979
    Deferred
    $34,500
    Nontaxable benefits
    $18,010
    Filer's total
    $256,567
  • M Ebeth Dennis

    Secretary, Associate Consultant (part year)

    Total calculated
    $151,572
    From this org
    $151,572
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $148,322
    Bonus
    $2,000
    Other
    $1,250
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,572
  • Dane Ortland

    Board Member

    Total calculated
    $13,790
    From this org
    $13,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 0.3 related
  • Eric Channing

    Board Member

    Total calculated
    $0
    Hours/week
    5 + 0.3 related
  • Jon Dennis

    Board Member

    Total calculated
    $7,396
    From this org
    $7,396
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 0.3 related
  • Matt Roberts

    Board Member

    Total calculated
    $0
    Hours/week
    5 + 0.3 related
  • Peter Hubbard

    Board Member

    Total calculated
    $0
    Hours/week
    5 + 0.3 related
  • R Kent Hughes

    Board Member

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 0.3 related
  • Wayne Grudem

    Board Member

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 0.3 related
  • Andrew Tebbe

    Chief Communications Officer (part year)

    Total calculated
    $335,747
    From this org
    $289,655
    From related orgs
    $0
    Other
    $46,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,279
    Bonus
    $77,614
    Other
    $762
    Deferred
    $12,289
    Nontaxable benefits
    $33,803
    Filer's total
    $335,747
  • Dan Kok

    Secretary, Exec. VP Operations

    Total calculated
    $305,212
    From this org
    $263,812
    From related orgs
    $0
    Other
    $41,400
    Hours/week
    40 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $214,582
    Bonus
    $42,456
    Other
    $6,774
    Deferred
    $11,717
    Nontaxable benefits
    $29,683
    Filer's total
    $305,212
  • Daniel Bush

    Chief Communications Officer

    Total calculated
    $321,393
    From this org
    $275,750
    From related orgs
    $0
    Other
    $45,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,200
    Bonus
    $64,280
    Other
    $270
    Deferred
    $11,840
    Nontaxable benefits
    $33,803
    Filer's total
    $321,393
  • Justin Taylor

    Exec. VP Book Publishing

    Total calculated
    $317,962
    From this org
    $278,090
    From related orgs
    $0
    Other
    $39,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,098
    Bonus
    $64,722
    Other
    $270
    Deferred
    $11,969
    Nontaxable benefits
    $27,903
    Filer's total
    $317,962
  • Paul Thomas

    Sr. VP Finance & Asst. Treasurer

    Total calculated
    $287,548
    From this org
    $253,688
    From related orgs
    $0
    Other
    $33,860
    Hours/week
    40 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $210,458
    Bonus
    $42,456
    Other
    $774
    Deferred
    $11,717
    Nontaxable benefits
    $22,143
    Filer's total
    $287,548
  • Douglas O'Donnell

    Sr. VP Bible Publishing

    Total calculated
    $277,221
    From this org
    $235,598
    From related orgs
    $0
    Other
    $41,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,992
    Bonus
    $37,104
    Other
    $19,502
    Deferred
    $10,398
    Nontaxable benefits
    $31,225
    Filer's total
    $277,221
  • Randall D Jahns

    Sr. VP Global Ministry

    Total calculated
    $286,640
    From this org
    $246,788
    From related orgs
    $0
    Other
    $39,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,644
    Bonus
    $42,456
    Other
    $2,688
    Deferred
    $11,717
    Nontaxable benefits
    $28,135
    Filer's total
    $286,640
  • Anthony Gosling

    Chief Operating Officer

    Total calculated
    $271,794
    From this org
    $242,211
    From related orgs
    $0
    Other
    $29,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,806
    Bonus
    $76,614
    Other
    $2,791
    Deferred
    $12,289
    Nontaxable benefits
    $17,294
    Filer's total
    $271,794
  • Daniel Farrell

    Sr VP of Creative

    Total calculated
    $230,195
    From this org
    $191,264
    From related orgs
    $0
    Other
    $38,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,678
    Bonus
    $17,108
    Other
    $3,478
    Deferred
    $9,120
    Nontaxable benefits
    $29,811
    Filer's total
    $230,195
  • Mark Hendrie

    VP of Information Technology

    Total calculated
    $215,509
    From this org
    $176,579
    From related orgs
    $0
    Other
    $38,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,125
    Bonus
    $16,872
    Other
    $582
    Deferred
    $9,323
    Nontaxable benefits
    $29,607
    Filer's total
    $215,509
  • Matt Tully

    Sr VP of Book & Audio Publishing

    Total calculated
    $227,493
    From this org
    $188,056
    From related orgs
    $0
    Other
    $39,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,104
    Bonus
    $16,816
    Other
    $136
    Deferred
    $8,959
    Nontaxable benefits
    $30,478
    Filer's total
    $227,493
  • Robert Ratleph

    VP of Software Development

    Total calculated
    $218,560
    From this org
    $181,373
    From related orgs
    $0
    Other
    $37,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,449
    Bonus
    $16,798
    Other
    $126
    Deferred
    $9,211
    Nontaxable benefits
    $27,976
    Filer's total
    $218,560

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
First class airfare was provided to certain board members and officers, Wayne Grudem, Kent Hughes, and Josh Dennis, per company policy. This benefit was not included in taxable income.
Schedule J, Part I, Line 1a Travel for companions
Airfare was provided for spousal travel for certain board members and key employees, Wayne Grudem, Jon Dennis, and Doug O'Donnell per company policy. This benefit was included in taxable compensation.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
M. Ebeth Dennis, Secretary, Associate Consultant, received a payment from a supplemental nonqualfied retirement plan in the amount of $123,000 in calendar year 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Kregel Publications

    $19,908

    Distribution of books

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • American Tract Society

    501(c)(3) · Tract Publishing · IL · controlled entity

    Directly controlled by Good News Publishers

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.1
Source object
202542819349301214

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