Totals
- Total revenue
- $2,542,687
- Total expenses
- $3,184,384
- Contributions and grants received
- $95,413
- Grants paid
- $0
- Program service revenue
- $654,768
- Investment income
- $15,118
- Other revenue
- $1,777,388
- Total assets, end of year
- $2,424,825
- Total liabilities, end of year
- $1,993,034
- Net assets or fund balances, end of year
- $431,791
- Program services expenses (Part IX)
- $2,313,215
- Management and general expenses
- $871,169
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,313,215
Program services were 72.6% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$10,000
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$85,413
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: D6 Conference
total $234,009 · related or exempt $234,009 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Vertical 3 (Youth)
total $375,902 · related or exempt $375,902 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Commissions
total $44,857 · related or exempt $44,857 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $15,118 · related or exempt $15,118 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
10a · Gross sales of inventory
$3,947,294
-
10b · Cost of goods sold
$2,189,452
-
10c · Net income from sales of inventory
total $1,757,842 · related or exempt $1,757,842 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $19,546 · related or exempt $19,546 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$19,546
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $936,838 · program services $410,636 · management and general $526,202
-
8 · Pension plan contributions
total $26,327 · program services $9,647 · management and general $16,680
-
9 · Other employee benefits
total $158,183 · program services $85,283 · management and general $72,900
-
10 · Payroll taxes
total $45,284 · program services $21,293 · management and general $23,991
-
11b · Fees: legal
total $2,064 · program services $2,064
-
11c · Fees: accounting
total $16,000 · program services $16,000
-
12 · Advertising and promotion
total $165,538 · program services $165,538
-
13 · Office expenses
total $140,530 · program services $94,060 · management and general $46,470
-
14 · Information technology
total $83,765 · program services $75,615 · management and general $8,150
-
16 · Occupancy
total $71,554 · program services $71,554
-
17 · Travel
total $597,304 · program services $493,827 · management and general $103,477
-
20 · Interest
total $43,418 · program services $43,418
-
22 · Depreciation, depletion and amortization
total $78,643 · program services $78,643
-
23 · Insurance
total $33,299 · program services $33,299
-
24a · Other expenses: Expenses of D6 conferences
total $356,386 · program services $356,386 · management and general $0 · fundraising $0
-
24b · Other expenses: Shipping costs
total $232,136 · program services $232,136 · management and general $0 · fundraising $0
-
24c · Other expenses: Service charges
total $38,788 · program services $38,788 · management and general $0 · fundraising $0
-
24d · Other expenses: One Magazine funding
total $50,182 · program services $50,182 · management and general $0 · fundraising $0
-
24e · All other expenses
total $108,145 · program services $34,846 · management and general $73,299
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $659,094 · end of year $438,984
-
4 · Accounts receivable
beginning of year $102,167 · end of year $501,728
-
8 · Inventories for sale or use
beginning of year $571,949 · end of year $546,639
-
9 · Prepaid expenses and deferred charges
beginning of year $106,351 · end of year $136,348
-
10a · Land, buildings and equipment: cost or other basis
$2,174,782
-
10b · Land, buildings and equipment: accumulated depreciation
$1,515,964
-
10c · Land, buildings and equipment, net
beginning of year $646,839 · end of year $658,818
-
15 · Other assets
beginning of year $191,503 · end of year $142,308
-
17 · Accounts payable and accrued expenses
beginning of year $364,491 · end of year $438,948
-
19 · Deferred revenue
beginning of year $158,518 · end of year $125,433
-
23 · Secured mortgages and notes payable
beginning of year $489,903 · end of year $1,286,345
-
25 · Other liabilities
beginning of year $191,503 · end of year $142,308
-
27 · Net assets without donor restrictions
beginning of year $1,055,488 · end of year $431,791
-
28 · Net assets with donor restrictions
beginning of year $18,000 · end of year $0
Mission and programs · 2023
Mission
Publication and distribution of Bible based literature to the Free Will Baptist Denomination
Activities or mission (Part I)
Publication and distribution of Bible based literature for the Free Will Baptist denomination.
-
Publication and distribution of Bible based literature to the Free Will Baptist Denomination
Expenses $1,304,345 · Revenue $1,757,842
-
Conferences and activities for the youth of the denomination
Expenses $519,873 · Revenue $375,902
-
D6 conferences and other events
Expenses $488,997 · Revenue $234,009
As filed on the 2023 return.
Listed in Part VII
-
Ronald E Hunter
Executive Director / C E O
- Total calculated
- $112,202
- From this org
- $112,202
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Michael Lytle
Chief Operating and Financial Officer
- Total calculated
- $75,677
- From this org
- $75,677
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Paul Bryant
Chairman of the Board of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Jay Baines
Vice Chairman of the Board of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Kendall Ross
Secretary of the Board of Directors
- Total calculated
- $0
- Hours/week
- 1
-
Mike Trimble
Voting Member
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Giles
Voting Member
- Total calculated
- $0
- Hours/week
- 1
-
Rick Taylor
Voting member
- Total calculated
- $0
- Hours/week
- 1
-
Tim York
Voting Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Mounts
Voting Member
- Total calculated
- $0
- Hours/week
- 1
-
Darin Gibbs
Voting Member
- Total calculated
- $0
- Hours/week
- 1
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.
-
National Association of Free Will Baptists Inc
501 (c) (3) · Denomination of Churches · TN
-
Free Will Baptist Foundation
501 c 3 · Investments, Trusts, Loans · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442899349300309
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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