Totals
- Total revenue
- $18,270,088
- Total expenses
- $16,027,774
- Contributions and grants received
- $17,373,052
- Grants paid
- $8,718,834
- Program service revenue
- $195,904
- Investment income
- $679,132
- Other revenue
- $22,000
- Total assets, end of year
- $19,826,122
- Total liabilities, end of year
- $90,434
- Net assets or fund balances, end of year
- $19,735,688
- Program services expenses (Part IX)
- $11,469,456
- Management and general expenses
- $2,377,290
- Fundraising expenses
- $2,181,028
- Program service expenses (Part III)
- $11,469,456
Program services were 71.6% 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
$17,373,052
-
2a · Program service revenue: ISREAL TOUR
total $104,715 · related or exempt $104,715
-
2b · Program service revenue: LIVE STREAM VIDEOS
total $91,189 · related or exempt $91,189
-
3 · Investment income
total $679,132 · related or exempt $679,132
-
6a · Gross rents
real property $22,000
-
6c · Rental income or loss
real property $22,000
-
6d · Net rental income or loss
total $22,000 · related or exempt $22,000
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,718,834 · program services $8,718,834
-
5 · Compensation of officers, directors and key employees
total $463,712 · program services $115,928 · management and general $231,856 · fundraising $115,928
-
7 · Other salaries and wages
total $2,740,633 · program services $913,595 · management and general $1,827,038
-
10 · Payroll taxes
total $320,899 · program services $103,008 · management and general $206,338 · fundraising $11,553
-
11b · Fees: legal
total $28,700 · management and general $28,700
-
11c · Fees: accounting
total $4,950 · management and general $4,950
-
12 · Advertising and promotion
total $2,030,550 · fundraising $2,030,550
-
13 · Office expenses
total $69,397 · management and general $52,048 · fundraising $17,349
-
16 · Occupancy
total $37,657 · program services $5,649 · management and general $26,360 · fundraising $5,648
-
19 · Conferences, conventions and meetings
total $62,368 · program services $62,368
-
22 · Depreciation, depletion and amortization
total $93,334 · program services $93,334
-
24a · Other expenses: PROCESSING FEES
total $413,291 · program services $413,291
-
24b · Other expenses: MERCHANT FEES
total $14,349 · program services $14,349
-
24c · Other expenses: VIDEO & LIVE STREAM
total $552,286 · program services $552,286
-
24d · Other expenses: BANK CHARGES AND FEES
total $16,490 · program services $16,490
-
24e · All other expenses
total $460,324 · program services $460,324
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,895,267 · end of year $18,465,033
-
4 · Accounts receivable
end of year $7,000
-
9 · Prepaid expenses and deferred charges
beginning of year $129,129
-
10a · Land, buildings and equipment: cost or other basis
$1,579,886
-
10b · Land, buildings and equipment: accumulated depreciation
$225,797
-
10c · Land, buildings and equipment, net
beginning of year $819,542 · end of year $1,354,089
-
17 · Accounts payable and accrued expenses
beginning of year $118,761 · end of year $90,434
-
23 · Secured mortgages and notes payable
beginning of year $137,257
-
27 · Net assets without donor restrictions
beginning of year $17,587,920 · end of year $19,735,688
Mission and programs · 2023
Mission
A RELIGOUS ORGANIZATION PERFORMING CHARITABLE ACTS AND TEACHINGS RELATED TO THE BIBLE.
Activities or mission (Part I)
RELIGEOUS PUBLICATIONS
-
TRAIN AND PROMOTE TEACHING OF THE GOSPEL THROUGH THE USE OF CONFERENCES, SEMINARS, LITERATURE, MEDIA, RADIO, INTERNET AND WEB TV. PRODUCE AND PUBLISH THROUGH MEDIA DEVICES OF INTERVIEWS WITH LEADING CHURCH AND PARA-CHURCH REPRESENTAVIES
Expenses $11,469,456
As filed on the 2023 return.
Listed in Part VII
-
Stephen L ShultzSTEPHEN L SHULTZ
PRESIDENT
- Total calculated
- $284,929
- From this org
- $284,929
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $284,929
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $284,929
-
Derene A ShultzDERENE A SHULTZ
SECRETARY
- Total calculated
- $178,783
- From this org
- $178,783
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,783
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $178,783
-
Lori SalleyLORI SALLEY
DIRECTOR
- Total calculated
- $0
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Chuck PierceCHUCK PIERCE
BOARD MEMBER
- Total calculated
- $0
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
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 · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401759349300055
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