Skip to content
Nonprofiteer
← LIFEWORD BROADCAST MINISTRIES

Form 990 for tax year 2022

Filed by LIFEWORD BROADCAST MINISTRIES.

Totals

Total revenue
$2,480,013
Total expenses
$1,734,721
Contributions and grants received
$1,149,296
Grants paid
$0
Program service revenue
$21,329
Investment income
$4,694
Other revenue
$1,304,694
Total assets, end of year
$5,678,807
Total liabilities, end of year
$112,546
Net assets or fund balances, end of year
$5,566,261
Program services expenses (Part IX)
$1,403,486
Management and general expenses
$177,382
Fundraising expenses
$153,853
Program service expenses (Part III)
$1,403,486

Program services were 80.9% 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

    $1,149,296

  • 2a · Program service revenue: MERCHANDISE SALES

    total $21,329 · related or exempt $21,329

  • 3 · Investment income

    total $4,694 · related or exempt $4,694

  • 6a · Gross rents

    real property $55,200

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $55,200

  • 6d · Net rental income or loss

    total $55,200 · related or exempt $55,200

  • 8a · Fundraising events: gross income

    $522,527

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $522,527 · excluded $522,527

  • 11a · Other revenue: STUDIO EXPANSION PROJE

    total $570,544 · related or exempt $570,544

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $251,471 · related or exempt $251,471

  • 11c · Other revenue: PARTNERSHIP INCOME

    total -$95,048 · related or exempt -$95,048

  • 11e · Other revenue, total

    $726,967

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $48,281 · program services $30,900 · management and general $9,656 · fundraising $7,725

  • 7 · Other salaries and wages

    total $434,525 · program services $278,096 · management and general $86,906 · fundraising $69,523

  • 8 · Pension plan contributions

    total $29,273 · program services $18,735 · management and general $5,855 · fundraising $4,683

  • 9 · Other employee benefits

    total $90,559 · program services $57,958 · management and general $18,112 · fundraising $14,489

  • 10 · Payroll taxes

    total $28,260 · program services $18,086 · management and general $5,652 · fundraising $4,522

  • 12 · Advertising and promotion

    total $5,578 · management and general $2,633 · fundraising $2,945

  • 13 · Office expenses

    total $32,139 · program services $3,321 · management and general $17,517 · fundraising $11,301

  • 16 · Occupancy

    total $12,606 · program services $11,345 · management and general $1,261

  • 17 · Travel

    total $35,612 · management and general $15,477 · fundraising $20,135

  • 22 · Depreciation, depletion and amortization

    total $31,743 · program services $28,569 · management and general $3,174

  • 23 · Insurance

    total $6,431 · program services $5,789 · management and general $642

  • 24a · Other expenses: BMA SERVICE TEAM ALLOCA

    total $384,985 · program services $384,985

  • 24b · Other expenses: BROADCAST BY COUNTRY

    total $304,150 · program services $304,150

  • 24c · Other expenses: DIGITAL BROADCASTING

    total $218,669 · program services $218,669

  • 24d · Other expenses: COST OF SALES

    total $15,803 · program services $15,803

  • 24e · All other expenses

    total $56,107 · program services $27,080 · management and general $10,497 · fundraising $18,530

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,152,324 · end of year $873,589

  • 4 · Accounts receivable

    beginning of year $15,034 · end of year $10,308

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,172 · end of year $13,697

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

    $2,302,605

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

    $1,726,100

  • 10c · Land, buildings and equipment, net

    beginning of year $600,258 · end of year $576,505

  • 12 · Investments: other securities

    beginning of year $2,541,275 · end of year $3,767,115

  • 15 · Other assets

    beginning of year $588,327 · end of year $437,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,816 · end of year $112,546

  • 27 · Net assets without donor restrictions

    beginning of year $4,041,669 · end of year $4,775,330

  • 28 · Net assets with donor restrictions

    beginning of year $783,905 · end of year $790,931

Mission and programs · 2022

Mission

LIFEWORD BROADCAST MINISTRIES OPERATES EXCLUSIVELY FOR RELIGIOUS PURPOSES. THIS PURPOSE IS ACCOMPLISHED BY DEVELOPMENT, PRODUCATION AND/OR DISTRIBUTION OF RADIO AND TELEVISION PROGRAMS, MUSIC AND CHRISTIAN EDUCATION MATERIALS.

  • GENERAL

    Expenses $28,569 · Revenue $215,166

  • BROADCASTING

    Expenses $554,120 · Revenue $593,024

  • DEPARTMENTAL

    Expenses $820,797

As filed on the 2022 return.

Listed in Part VII

  • Vincent Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Marvin Delk Sr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Ross Burgess

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Michele Corder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Rodney Burns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Brad Wieneke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Jeremy Riddle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Dr David Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Sancy Faulk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Dwayne Orr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Darrell Spigner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Brian Atwood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Winston Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Steve Neal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Melady Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202303199349322055

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.