Answers In Genesis Inc
- Assets
- $172.9m
- Revenue
- $42.1m
- Investments
- $0.0
- Employees
- 1,646
- Location
- Petersburg, KY
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 33-0596423
Organization Overview
Answers In Genesis Inc, operating under the name AiG, is located in Petersburg, KY. The organization was established in 1994. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, AiG employed 1,646 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. AiG 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, AiG generated $42.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $27.6m during the year ending 12/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROCLAIM THE ABSOLUTE TRUTH AND AUTHORITY OF THE BIBLE WITH BOLDNESS. WE RELATE THE RELEVANCE OF A LITERAL GENESIS TO THE CHURCH AND THE WORLD TODAY WITH CREATIVITY. WE OBEY GOD'S CALL TO DELIVER THE MESSAGE OF THE GOSPEL, INDIVIDUALLY AND COLLECTIVELY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION MUSEUM - THE CREATION MUSEUM, LOCATED IN THE GREATER CINCINNATI/NORTHERN KENTUCKY AREA, OPENED ITS DOORS MEMORIAL DAY OF 2007 AND HAS SINCE REGULARLY WELCOMED HUNDREDS OF THOUSANDS OF GUESTS EACH YEAR.
ARK ENCOUNTER, LLC PAYS MANAGEMENT FEES TO AIG FOR SERVICES SUCH AS MANAGERIAL OVERSIGHT, OPERATION, ADVICE, COUNSEL, AND ANY OTHER RELATED SERVICES NEEDED BY THE ARK ENCOUNTER.
RESOURCE DISTRIBUTION - BOOKS, VIDEOS, CDS, DVDS, AND OTHER MATERIALS SPECIFIC TO AIG'S MINISTRY PURPOSE ARE MADE AVAILABLE THROUGH PHONE, MAIL, INTERNET, AND ONSITE RETAIL (THROUGH THE CREATION MUSEUM'S DRAGON HALL).
RESOURCE DISTRIBUTION- (MAGAZINES)- ANSWERS MAGAZINE IS A CREATION-BASED WORLDVIEW PUBLICATION, PRIMARILY FOR DISTRIBUTION TO SUBSCRIBERS IN THE USA AND THE UNITED KINGDOM, BUT ALSO TO A LIMITED NUMBER OF SUBSCRIBERS IN SCORES OF OTHER COUNTRIES, INCLUDING CANADA AND AUSTRALIA.MINISTRY OUTREACH (INTERNET) - THE ANSWERS IN GENESIS WEBSITE IS USED TO PROVIDE CREATION RESOURCES TO THE GENERAL PUBLIC. ANSWERS IN GENESIS IS ALSO VERY ACTIVE IN SOCIAL MEDIA THROUGH FACEBOOK, TWITTER, AND SPEAKER BLOGS.MINISTRY OUTREACH (MISSIONS) - THE ORGANIZATION SUPPORTS MISSION-RELATED ACTIVITIES ON THE HOME AND FOREIGN FIELDS BY PROVIDING FUNDS, RESOURCE MATERIALS, AND SPEAKERS. MINISTRY OUTREACH (RADIO) - THE 60-SECOND RADIO PROGRAM "ANSWERS WITH KEN HAM" INCLUDES A WIDE RANGE OF TOPICS RELATED TO A LITERAL INTERPRETATION OF THE BIBLE AND IS BROADCAST DAILY ON OVER 1,100 RADIO OUTLETS WORLDWIDE, INCLUDING OVER 100 SPANISH LANGUAGE STATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Dudley Board Member | Trustee | 5 | $0 |
Dan Manthei Board Member - Exit 09/23 | Trustee | 5 | $0 |
Dan Chin Board Member | Trustee | 5 | $0 |
Don Landis Board Member | Trustee | 5 | $0 |
Tony Biller Board Member | Trustee | 5 | $0 |
Nathan Estruth Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mark Spaulding Construction Co Construction | 12/30/23 | $4,286,000 |
Joseph David Advertising Llc Marketing | 12/30/23 | $782,000 |
Ostermancron Inc Construction | 12/30/23 | $676,000 |
6 River Systems Llc Operations | 12/30/23 | $494,000 |
Evans & Sutherland Computer Corp Systems | 12/30/23 | $352,000 |
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 | $23,885,755 |
| Noncash contributions included in lines 1a–1f | $327,251 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,885,755 |
| Total Program Service Revenue | $11,621,587 |
| Investment income | $880,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $215,615 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $257,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,759,139 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,147,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,427 |
| Compensation of current officers, directors, key employees. | $166,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,573,185 |
| Pension plan accruals and contributions | $84,533 |
| Other employee benefits | $1,413,342 |
| Payroll taxes | $928,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $165,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,635,689 |
| Advertising and promotion | $248,578 |
| Office expenses | $1,282,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,454,952 |
| Travel | $676,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $563,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,347,465 |
| Insurance | $0 |
| All other expenses | $206,765 |
| Total functional expenses | $27,574,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,345,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,971,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,368,587 |
| Prepaid expenses and deferred charges | $1,265,825 |
| Net Land, buildings, and equipment | $62,191,992 |
| Investments—publicly traded securities | $43,720,482 |
| Investments—other securities | $0 |
| Investments—program-related | $4,690,000 |
| Intangible assets | $0 |
| Other assets | $15,312,700 |
| Total assets | $172,867,081 |
| Accounts payable and accrued expenses | $7,311,029 |
| Grants payable | $0 |
| Deferred revenue | $2,393,133 |
| 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 | $22,852,846 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,899,003 |
| Total liabilities | $36,456,011 |
| Net assets without donor restrictions | $85,801,017 |
| Net assets with donor restrictions | $50,610,053 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $172,867,081 |
Grants Awarded
Over the last fiscal year, Answers In Genesis Inc has awarded $321,836 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HUNGER FUND PURPOSE: Support | $222,636 |
12 STONES CHRISTIAN ACADEMY PURPOSE: Support | $99,200 |