Ewtn News Inc
- Assets
- $1.9m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 87
- Location
- Irondale, AL
- Founding
- 06/2014
- Data as of
- 06/2020
- EIN
- 27-4581132
Organization Overview
Ewtn News Inc is located in Irondale, AL. The organization was established in 2014. 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 06/2021, Ewtn News Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ewtn News 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 06/2020, Ewtn News Inc generated $16.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $17.0m during the year ending 06/2020. While expenses have increased by 18.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EWTN NEWS CREATES AND DISTRIBUTES CATHOLIC NEWS CONTENT AROUND THE WORLD IN SEVERAL LANGUAGES THROUGH TELEVISION PROGRAMS, RADIO SERVICES, MULTIPLE WEBSITES, DIGITAL AND PRINT PLATFORMS, AND NATIONAL AND INTERNATIONAL NEWS AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION AND DISTRIBUTION OF CATHOLIC NEWS CONTENT INTERNATIONALLY THROUGH TELEVISION PROGRAMS, RADIO SERVICES, MULTIPLE WEBSITES, DIGITAL AND PRINT PLATFORMS, AND NATIONAL AND INTERNATIONAL NEWS AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Arroyo On Air Host | 40 | $167,011 | |
Tracy Linn Sabol On Air Host | 40 | $151,457 | |
James Daniel Flynn Editor-In-Chief (resigned Dec 2020 | 40 | $135,437 | |
Stefano P Flori Media Director | 40 | $123,498 | |
Jeanette Demelo Editor-In-Chief | 40 | $108,633 | |
Andrew Walther Ewtn News President & COO (deceased Nov 2020) | Officer | 40 | $92,031 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Postal Service Mailing Service | 6/29/21 | $560,000 |
Associated Press News & Information Services | 6/29/21 | $501,910 |
Eurovision Rent | 6/29/21 | $256,082 |
Vista Worldlink Satellite & Transmission Services | 6/29/21 | $276,371 |
Nahan Printing Inc Mail Campaign Service | 6/29/21 | $263,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,427 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,381,481 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,339,648 |
| Pension plan accruals and contributions | $294,117 |
| Other employee benefits | $971,119 |
| Payroll taxes | $410,951 |
| Fees for services: Management | $11,353 |
| Fees for services: Legal | $107,529 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,549,714 |
| Advertising and promotion | $564,400 |
| Office expenses | $282,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,302,907 |
| Travel | $329,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $423,189 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,982,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,498 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $298,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,333 |
| Total assets | $1,918,192 |
| Accounts payable and accrued expenses | $995,506 |
| 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 | $2,870,682 |
| Total liabilities | $3,866,188 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,947,996 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ewtn News Inc has recieved totaling $11,206.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ewtn News Inc Irondale, AL | $1,918,192 | $16,381,481 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Gods Word To The Nations Mission Society Fleming Island, FL | $542,636 | $1,365,536 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
Associated Baptist Press Jacksonville, FL | $152,907 | $702,219 |
Inspiration Books East Inc Jemison, AL | $513,380 | $651,134 |
Polis Institute Inc Orlando, FL | $52,282 | $493,061 |
Christ Church Media Inc New Albany, MS | $149,641 | $471,546 |
Alexandrian Forum Inc Fort Lauderdale, FL | $370,892 | $681,709 |