Celebration Inc
- Assets
- $12.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 30
- Location
- Alpharetta, GA
- Founding
- 11/1979
- Data as of
- 12/2022
- EIN
- 01-0365189
Organization Overview
Celebration Inc is located in Alpharetta, GA. The organization was established in 1979. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Celebration Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Celebration Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Celebration Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS AND CHARITABLE ORGANIZATION, FORMED AND FUNDED FOR THE PURPOSE OF SPREADING THE CHRISTIAN RELIGION AND ITS BELIEFS BOTH DOMESTICALLY AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINTING AND DISTRIBUTION OF A QUARTERLY DEVOTIONAL CALLED "THE WORD FOR YOU TODAY". THESE PUBLICATIONS ARE DISTRIBUTED TO SHUT-INS, PRISONERS, CHURCHES & OTHERS THROUGHOUT THE UNITED STATES.
SUPPORT TO ORGANIZATIONS WITH SIMILAR THEOLOGICAL BELIEFS AND THE DESIRE TO HELP OTHERS. INCLUDES INTERNATIONAL HUMANITARIAN AID EFFORTS TO NEEDY/EMOTIONALLY HURTING CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debby Gass President & CEO | OfficerTrustee | 60 | $237,541 |
Thomas Lissak Secretary | OfficerTrustee | 40 | $82,064 |
David N Gass Director | Trustee | 0 | $34,528 |
Rev Jim Hart Director | Trustee | 0 | $2,500 |
Rev Jim Bradley Director | Trustee | 0 | $2,500 |
Perry Atkinson Director | Trustee | 0 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $563,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,119 |
| Total Program Service Revenue | $0 |
| Investment income | $166,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$418,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,972,915 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,286,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $160,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $315,139 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $439,605 |
| Compensation of current officers, directors, key employees. | $65,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $973,403 |
| Pension plan accruals and contributions | $3,600 |
| Other employee benefits | $0 |
| Payroll taxes | $90,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,054 |
| Fees for services: Accounting | $38,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,665 |
| Fees for services: Other | $30,154 |
| Advertising and promotion | $280,035 |
| Office expenses | $80,699 |
| Information technology | $409,118 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,523 |
| Insurance | $162,833 |
| All other expenses | $199,694 |
| Total functional expenses | $4,093,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,226,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $115 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,382,579 |
| Investments—publicly traded securities | $7,689,781 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $31,507 |
| Other assets | $0 |
| Total assets | $12,330,152 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,339 |
| Total liabilities | $39,339 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,290,813 |
| Total liabilities and net assets/fund balances | $12,330,152 |