Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,692,810

• 1f · All other contributions, gifts and grants

  $11,796,907

• 1g · Noncash contributions included above

  $1,443,021

• 2f · All other program service revenue

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

• 3 · Investment income

  total $237,554 · excluded $237,554

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $1,443,021 · other assets $45,956

• 7b · Less cost or other basis and sales expenses

  securities $1,290,195 · other assets $47,300

• 7c · Gain or loss

  securities $152,826 · other assets -$1,344

• 7d · Net gain or loss

  total $151,482 · excluded $151,482

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $1,692,810

• 8b · Fundraising events: direct expenses

  $626,621

• 8c · Net income from fundraising events

  total -$626,621 · excluded -$626,621

• 10a · Gross sales of inventory

  $430,258

• 10b · Cost of goods sold

  $274,975

• 10c · Net income from sales of inventory

  total $155,283 · related or exempt $155,283

• 11d · All other revenue

  total $19,888 · related or exempt $0 · unrelated business $0 · excluded $19,888

• 11e · Other revenue, total

  $19,888

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $881,625 · program services $647,285 · management and general $165,643 · fundraising $68,697

• 6 · Compensation of disqualified persons

  total $35,202 · program services $35,202

• 7 · Other salaries and wages

  total $3,433,808 · program services $2,521,085 · management and general $645,158 · fundraising $267,565

• 8 · Pension plan contributions

  total $107,156 · program services $78,673 · management and general $20,133 · fundraising $8,350

• 9 · Other employee benefits

  total $645,424 · program services $473,867 · management and general $121,265 · fundraising $50,292

• 10 · Payroll taxes

  total $235,601 · program services $172,977 · management and general $44,266 · fundraising $18,358

• 11b · Fees: legal

  total $57,877 · management and general $57,877

• 11c · Fees: accounting

  total $37,607 · management and general $37,607

• 11e · Fees: professional fundraising services

  total $250,000 · fundraising $250,000

• 11f · Fees: investment management

  total $27,944 · management and general $27,944

• 11g · Fees: other

  total $1,371,354 · program services $1,349,703 · management and general $21,651 · fundraising $0

• 12 · Advertising and promotion

  total $300,355 · program services $300,355

• 13 · Office expenses

  total $896,522 · program services $421,170 · management and general $244,122 · fundraising $231,230

• 14 · Information technology

  total $467,789 · program services $260,191 · management and general $166,543 · fundraising $41,055

• 15 · Royalties

  total $1,196 · program services $1,196

• 16 · Occupancy

  total $485,469 · program services $361,757 · management and general $62,298 · fundraising $61,414

• 17 · Travel

  total $416,669 · program services $323,620 · management and general $37,976 · fundraising $55,073

• 19 · Conferences, conventions and meetings

  total $205,403 · program services $6,448 · management and general $2,092 · fundraising $196,863

• 22 · Depreciation, depletion and amortization

  total $155,308 · program services $116,481 · management and general $15,531 · fundraising $23,296

• 23 · Insurance

  total $58,338 · management and general $58,338

• 24a · Other expenses: Broadcasting

  total $1,395,593 · program services $1,395,593

• 24b · Other expenses: Pastoral Training and Education

  total $1,248,070 · program services $1,248,070

• 24c · Other expenses: Product Development

  total $253,530 · program services $253,530

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,538,972 · end of year $2,569,566

• 2 · Savings and temporary cash investments

  beginning of year $3,443,060 · end of year $2,776,064

• 4 · Accounts receivable

  beginning of year $29,753 · end of year $17,977

• 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 $176,004 · end of year $149,455

• 9 · Prepaid expenses and deferred charges

  beginning of year $344,283 · end of year $146,393

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

  $1,360,238

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

  $574,952

• 10c · Land, buildings and equipment, net

  beginning of year $854,741 · end of year $785,286

• 11 · Investments: publicly traded securities

  beginning of year $2,927,183 · end of year $2,999,497

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,586,198 · end of year $1,235,238

• 17 · Accounts payable and accrued expenses

  beginning of year $585,218 · end of year $407,390

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,654,967 · end of year $1,291,412

• 27 · Net assets without donor restrictions

  beginning of year $7,954,692 · end of year $7,968,512

• 28 · Net assets with donor restrictions

  beginning of year $705,317 · end of year $1,012,162

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. All officers and one highest compensated employee met the qualifications for and received a ministerial housing allowance during the tax year.

Schedule J, Part I, Line 4a Severance or change-of-control payment

Timothy Innes, Highly Compensated Employee, received severance of $80,233.

Schedule J, Part I, Line 7 Non-fixed payments

The CEO received non-fixed payments in the form of bonuses that are determined and approved by the board of directors. Highly compensated employees received a non-fixed payment in the form of a bonus that was determined and approved by the President/COO.