Presbyterian & Reformed Publishing Co
- Assets
- $6.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Phillipsburg, NJ
- Founding
- 08/1984
- Data as of
- 12/2023
- EIN
- 23-7172280
Organization Overview
Presbyterian & Reformed Publishing Co is located in Phillipsburg, NJ. The organization was established in 1984. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Presbyterian & Reformed Publishing Co employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian & Reformed Publishing Co 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 12/2023, Presbyterian & Reformed Publishing Co generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 9 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.
Since 2015, Presbyterian & Reformed Publishing Co has awarded 67 individual grants totaling $890,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE OF P&R IS TO FURTHER THE SYSTEM OF BELIEF AND PRACTICE TAUGHT IN BIBLE AND SET FORTH IN WESTMINSTER CONFESSION OF FAITH & CATECHISMS BY PUBLISHING BOOKS AND RELATED MATERIAL AND DISTRIBUTING THEM AS WIDELY AS FEASIBLE. PROVIDE BOOKS AT OR BELOW COST. PARTNER WITH OTHERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVED ABOVE STATED PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryce Craig President | Officer | 0 | $161,616 |
Charles Craig Vice President | Officer | 0 | $121,152 |
Caroline Platt Director | Trustee | 0 | $0 |
Steven Vanderhill Chairman Of The Board | Officer | 0 | $0 |
C Samuel Craig Secretary-Treasurer | Officer | 0 | $0 |
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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $0 |
| Investment income | $151,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $140,118 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,911,978 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,210,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,294 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,768 |
| Compensation of current officers, directors, key employees. | $48,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,651 |
| Pension plan accruals and contributions | $18,757 |
| Other employee benefits | $129,481 |
| Payroll taxes | $89,018 |
| Fees for services: Management | $51,631 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,689 |
| Fees for services: Other | $132,610 |
| Advertising and promotion | $70,505 |
| Office expenses | $3,316 |
| Information technology | $19,264 |
| Royalties | $0 |
| Occupancy | $39,564 |
| Travel | $10,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,669 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,633 |
| Insurance | $14,755 |
| All other expenses | $1,550 |
| Total functional expenses | $1,792,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $323,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $695,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,537,897 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $93,759 |
| Investments—publicly traded securities | $3,487,397 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,360 |
| Total assets | $6,143,985 |
| Accounts payable and accrued expenses | $284,605 |
| 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 | $0 |
| Total liabilities | $284,605 |
| 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 | $5,859,380 |
| Total liabilities and net assets/fund balances | $6,143,985 |
Grants Awarded
Over the last fiscal year, Presbyterian & Reformed Publishing Co has awarded $131,294 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MTW | | | $40,000 |
WESTMINSTER THEOLOGICAL SEMINARY | | | $35,000 |
SERGE | | | $10,000 |
REFORMED UNIVERSITY FELLOWSHIP | | | $12,000 |
PRISON BOOK PROJECT PURPOSE: Religious benefit | $34,294 |