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← TYNDALE HOUSE MINISTRIES

Form 990 for tax year 2022

Filed by TYNDALE HOUSE MINISTRIES.

Totals

Total revenue
$43,200,114
Total expenses
$47,261,728
Contributions and grants received
$5,095
Grants paid
$5,815,105
Program service revenue
$0
Investment income
$2,102,470
Other revenue
$41,092,549
Total assets, end of year
$144,411,220
Total liabilities, end of year
$35,023,449
Net assets or fund balances, end of year
$109,387,771
Program services expenses (Part IX)
$44,122,639
Management and general expenses
$3,139,089
Fundraising expenses
$0
Program service expenses (Part III)
$44,122,639

Program services were 93.4% 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

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $5,095

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue

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

  • 2b · Program service revenue

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

  • 2c · Program service revenue

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

  • 2d · Program service revenue

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

  • 2e · Program service revenue

    total $0 · related or exempt $0 · 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 $1,880,190 · related or exempt $0 · unrelated business $5,830 · excluded $1,874,360

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

    total $2,801,387 · related or exempt $0 · unrelated business $0 · excluded $2,801,387

  • 6a · Gross rents

    real property $828,878 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $828,878 · personal property $0

  • 6d · Net rental income or loss

    total $828,878 · excluded $828,878

  • 7a · Gross sales of assets other than inventory

    securities $25,587,544

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

    securities $25,365,264

  • 7c · Gain or loss

    securities $222,280 · other assets $0

  • 7d · Net gain or loss

    total $222,280 · related or exempt $0 · unrelated business $0 · excluded $222,280

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $81,370,451

  • 10b · Cost of goods sold

    $44,098,939

  • 10c · Net income from sales of inventory

    total $37,271,512 · related or exempt $37,271,512 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Insurance Cash Surrender Value

    total $101,358 · related or exempt $0 · unrelated business $0 · excluded $101,358

  • 11b · Other revenue: Miscellaneous Income

    total $85,048 · related or exempt $41,676 · unrelated business $43,372 · excluded $0

  • 11c · Other revenue: Damaged Books Income

    total $4,366 · related or exempt $4,366 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $190,772

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,526,303 · program services $5,526,303

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $288,802 · program services $288,802

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,581,688 · program services $1,233,627 · management and general $348,061 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $48,647 · program services $48,647 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $17,925,853 · program services $16,446,571 · management and general $1,479,282 · fundraising $0

  • 8 · Pension plan contributions

    total $964,425 · program services $880,518 · management and general $83,907 · fundraising $0

  • 9 · Other employee benefits

    total $3,190,370 · program services $2,880,375 · management and general $309,995 · fundraising $0

  • 10 · Payroll taxes

    total $1,461,856 · program services $1,334,671 · management and general $127,185 · fundraising $0

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $99,242 · program services $0 · management and general $99,242 · fundraising $0

  • 11c · Fees: accounting

    total $147,370 · program services $0 · management and general $147,370 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $214,532 · program services $0 · management and general $214,532 · fundraising $0

  • 11g · Fees: other

    total $2,714,679 · program services $2,681,079 · management and general $33,600 · fundraising $0

  • 12 · Advertising and promotion

    total $5,002,994 · program services $5,002,994 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,454,458 · program services $3,453,829 · management and general $629 · fundraising $0

  • 14 · Information technology

    total $778,971 · program services $762,400 · management and general $16,571 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $221,340 · program services $168,066 · management and general $53,274 · fundraising $0

  • 17 · Travel

    total $666,865 · program services $666,865 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $118,110 · program services $118,110 · management and general $0 · fundraising $0

  • 20 · Interest

    total $763,792 · program services $763,792 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $6,770 · program services $6,770 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,209,558 · program services $996,117 · management and general $213,441 · fundraising $0

  • 23 · Insurance

    total $251,354 · program services $239,354 · management and general $12,000 · fundraising $0

  • 24a · Other expenses: Product Research

    total $173,221 · program services $173,221 · management and general $0 · fundraising $0

  • 24b · Other expenses: Market Research

    total $120,349 · program services $120,349 · management and general $0 · fundraising $0

  • 24c · Other expenses: Customer Penalty Fees

    total $98,879 · program services $98,879 · management and general $0 · fundraising $0

  • 24d · Other expenses: Miscellaneous Expense

    total $77,619 · program services $77,619 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $153,681 · program services $153,681 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,425,558 · end of year $5,440,235

  • 2 · Savings and temporary cash investments

    beginning of year $10,142 · end of year $3,279,944

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $22,861,685 · end of year $24,278,251

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $1,687,623 · end of year $1,485,469

  • 8 · Inventories for sale or use

    beginning of year $34,236,935 · end of year $45,140,163

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,133,150 · end of year $1,185,689

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

    $42,223,781

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

    $28,691,367

  • 10c · Land, buildings and equipment, net

    beginning of year $14,125,576 · end of year $13,532,414

  • 11 · Investments: publicly traded securities

    beginning of year $48,908,696 · end of year $33,079,603

  • 12 · Investments: other securities

    beginning of year $1,036,544 · end of year $1,204,564

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $4,360,948 · end of year $3,809,012

  • 15 · Other assets

    beginning of year $10,704,352 · end of year $11,975,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,773,084 · end of year $12,642,325

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $223,421 · end of year $110,147

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $4,450,000 · end of year $21,040,709

  • 25 · Other liabilities

    beginning of year $747,478 · end of year $1,230,268

  • 27 · Net assets without donor restrictions

    beginning of year $87,222,527 · end of year $81,695,945

  • 28 · Net assets with donor restrictions

    beginning of year $32,074,699 · end of year $27,691,826

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Minister to the spiritual needs of people, primarily through the publication of literature consistent with biblical principles and through grants to other charitable entities.

  • Publishing Ministry - Print and distribute Christian books, Bibles, periodicals and media products that are theologically consistent with Tyndale House Ministries' (THM) Christian beliefs and have ministry value to Churches and individuals in the US and Canada. During the year, THM published a wide range of such works, including Bibles targeted to various demographic groups, theological books, Christian nonfiction books such as Bible study guides, and books on Christian living (including health, finances, family issues, counseling, education, current events, history, and art). THM also published Christian fiction works, both for adults and for children. THM expects that its published Christian literature will be purchased or read by individuals who are seeking to grow in their Christian faith or are interested in hearing more about Christianity. THM also expects that its works will be used or distributed by churches and other Christian ministry organizations for their spiritual guidance and the spiritual growth of the individuals with whom they are ministering.

    Expenses $37,860,151 · Grants $143,073 · Revenue $37,311,153

  • Generous Giving - Issue grants to ministries around the world that are involved with Bible translation, literature distribution, leadership training, and humanitarian aid in furtherance of Tyndale House Ministries' (THM) Christian mission. Through grant-making activities, THM built on the long and successful history of grant-making that had been operated by Tyndale House Foundation. THM's grant-making focuses on three main areas of endeavor: (1) Christian literature work both in the USA and in other countries, (2) evangelical Christian endeavors of various types both in the USA and in other countries, and (3) charitable work in the greater Chicago and DuPage County area. During the year, grants were made to other Christian nonprofit organizations whose purposes and activities align with the exempt purposes of THM.

    Expenses $6,262,488 · Grants $5,672,032 · Revenue $6,401

As filed on the 2022 return.

Listed in Part VII

  • JEREMY TAYLOR

    CHIEF MINISTRY OFFICER

    Total calculated
    $309,646
    From this org
    $256,887
    From related orgs
    $0
    Other
    $52,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,887
    Bonus
    $61,000
    Other
    $0
    Deferred
    $19,979
    Nontaxable benefits
    $32,780
    Filer's total
    $309,646

  • SCOTT MATHEWS

    CEO

    Total calculated
    $378,375
    From this org
    $326,540
    From related orgs
    $0
    Other
    $51,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,540
    Bonus
    $75,000
    Other
    $0
    Deferred
    $25,408
    Nontaxable benefits
    $26,427
    Filer's total
    $378,375

  • BRUCE HOWARD

    DIRECTOR

    Total calculated
    $16,600
    From this org
    $16,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • KENNETH O'BRIEN

    DIRECTOR

    Total calculated
    $14,050
    From this org
    $14,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • MARK TAYLOR

    CHAIRMAN OF THE BOARD

    Total calculated
    $76,688
    From this org
    $76,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • REBECCA WILSON

    VICE CHAIRMAN OF THE BOARD

    Total calculated
    $9,050
    From this org
    $9,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ROBERT WORCESTER

    DIRECTOR

    Total calculated
    $19,050
    From this org
    $19,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SANDRA DRURY

    DIRECTOR

    Total calculated
    $14,050
    From this org
    $14,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • STEVEN SCHOLES

    DIRECTOR

    Total calculated
    $10,100
    From this org
    $10,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JEFFREY JOHNSON

    CHIEF ADMINISTRATION OFFICER

    Total calculated
    $362,137
    From this org
    $310,302
    From related orgs
    $0
    Other
    $51,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,302
    Bonus
    $65,000
    Other
    $0
    Deferred
    $25,408
    Nontaxable benefits
    $26,427
    Filer's total
    $362,137

  • RONALD BEERS

    CHIEF PUBLISHING OFFICER

    Total calculated
    $327,457
    From this org
    $277,431
    From related orgs
    $0
    Other
    $50,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,931
    Bonus
    $65,500
    Other
    $0
    Deferred
    $23,599
    Nontaxable benefits
    $26,427
    Filer's total
    $327,457

  • SHARON HEGGELAND

    CHIEF OPERATING OFFICER

    Total calculated
    $309,440
    From this org
    $260,887
    From related orgs
    $0
    Other
    $48,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,887
    Bonus
    $65,000
    Other
    $0
    Deferred
    $22,126
    Nontaxable benefits
    $26,427
    Filer's total
    $309,440

  • TODD WATKINS

    CHIEF INFORMATION OFFICER

    Total calculated
    $302,430
    From this org
    $254,887
    From related orgs
    $0
    Other
    $47,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,887
    Bonus
    $59,000
    Other
    $0
    Deferred
    $21,116
    Nontaxable benefits
    $26,427
    Filer's total
    $302,430

  • DEBRA JOHNSON

    VP, DIGITAL MARKETING & SALES

    Total calculated
    $227,018
    From this org
    $209,269
    From related orgs
    $0
    Other
    $17,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,269
    Bonus
    $42,000
    Other
    $0
    Deferred
    $17,749
    Nontaxable benefits
    $0
    Filer's total
    $227,018

  • DOUGLAS WALTON

    VP, HUMAN RESOURCES AND ADMIN SERVICES

    Total calculated
    $260,777
    From this org
    $216,825
    From related orgs
    $0
    Other
    $43,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,825
    Bonus
    $45,000
    Other
    $0
    Deferred
    $18,633
    Nontaxable benefits
    $25,319
    Filer's total
    $260,777

  • GEORGE PAUL HENDRICKSON

    PUBLISHER

    Total calculated
    $236,714
    From this org
    $195,640
    From related orgs
    $0
    Other
    $41,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,640
    Bonus
    $24,000
    Other
    $0
    Deferred
    $14,647
    Nontaxable benefits
    $26,427
    Filer's total
    $236,714

  • JEFFREY RUSTEMEYER

    VP, GROUP PUBLISHER

    Total calculated
    $272,599
    From this org
    $226,740
    From related orgs
    $0
    Other
    $45,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,740
    Bonus
    $55,000
    Other
    $0
    Deferred
    $19,432
    Nontaxable benefits
    $26,427
    Filer's total
    $272,599

  • KEVIN GREER

    SR DATA ADMINISTRATOR

    Total calculated
    $213,731
    From this org
    $175,136
    From related orgs
    $0
    Other
    $38,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,136
    Bonus
    $27,000
    Other
    $0
    Deferred
    $15,018
    Nontaxable benefits
    $23,577
    Filer's total
    $213,731

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 · 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 · 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
Travel expenses were paid for the wife and son of an executive to travel with him on several business trips. These expenses were not treated as taxable compensation to the individual.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2023
IRS schema version
2022v5.0
Source object
202312269349301836

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

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