Ancient Faith Ministries
- Assets
- $2.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Chesterton, IN
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 33-1061947
Organization Overview
Ancient Faith Ministries, operating under the name Ancient Faith Radio And Publishing, is located in Chesterton, IN. The organization was established in 2004. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Ancient Faith Radio And Publishing employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ancient Faith Radio And Publishing 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, Ancient Faith Radio And Publishing generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 16.0% per year over the past 4 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
THE ORGANIZATION PUBLISHES ORTHODOX CHRISTIAN BOOKS AND LITERATURE AND OPERATES THREE INTERNET RELIGIOUS RADIO STATIONS FOR THE PURPOSE OF INTRODUCING AND TEACHING ABOUT ORTHODOX CHRISTIANITY TO THE UNITED STATES AND REST OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANCIENT FAITH PUBLISHING PUBLISHES A LARGE NUMBER OF BOOKS, BOOKLETS AND BROCHURES WITH REGARD TO VARIOUS ASPECTS OF ORTHODOX CHRISTIANITY. IT ALSO SELLS RELIGIOUS ICONS, RELIGIOUS JEWELERY AND LITURGICAL ITEMS FOR THE HOME. IT ALSO SELLS BOOKS FROM OTHER PUBLISHERS REGARDING ORTHODOX CHRISTIANITY. PRESENTLY, ANCIENT FAITH PUBLISHING HAS APPROXIMATELY 220 ACTIVE BOOK TITLES IN PRINT IN ADDITION TO E-BOOKS, AUDIO-BOOKS AND AN ARRAY OF LITERATURE IN BOOKLET/BROCHURE FORMAT. APPROXIMATELY 50% OF ITS SALES ARE TO ORTHODOX AND OTHER CHRISTIAN BOOKSTORES, CHURCHES AND CHURCH BOOKSTORES. THE OTHER 50% OF ITS SALES ARE TO INDIVIDUALS. IT DISTRIBUTES ORTHODOX BOOKS AND LITERATURE TO APPROXIMATELY 2,000 WHOLESALE CUSTOMERS (BOOKSTORES AND CHURCH BOOKSTORES) AS WELL AS A NUMBER OF INDIVIDUALS. THE PURPOSE OF THIS DISTRIBUTION IS TO INTRODUCE ORTHODOX CHRISTIANITY TO NON- ORTHODOX CHRISTIANS AND TO ENLIGHTEN AND TEACH ORTHODOX CHRISTIANS ABOUT THEIR FAITH.
ANCIENT FAITH RADIO OPERATES THREE INTERNET RELIGIOUS RADIO STATIONS, TWO OF WHICH PRIMARILY PROVIDES MUSIC (ENGLISH LANGUAGE AND GLOBAL) AND THE OTHER OF WHICH PRIMARILY FOCUSES ON CONVERSATION, LECTURES AND PRESENTATION ABOUT ORTHODOX CHRISTIANITY. THE RADIO STATIONS' REACH IS PRIMARILY IN THE UNITED STATES, BUT THERE ARE REGULAR LISTENERS IN VARIOUS OTHER COUNTRIES WORLD-WIDE. AT THE PRESENT TIME,WITH REGARD TO ITS PODCASTS WHICH FEATURE A LARGE NUMBER OF SPEAKERS ON A VARIETY OF RELIGIOUS TOPICS, THERE ARE OVER 375,000 DOWNLOADS OF THE CONTENT EVERY MONTH AS WELL AS NEARLY 46,000 EPISODES OF PODCASTS AND 7 LIVE SHOWS. THE PURPOSE OF THE CONTENT FOR THESE THREE RADIO STATIONS AND ALL THE PODCASTS IS TO INTRODUCE ORTHODOX CHRISTIANITY TO NON-ORTHODOX CHRISTIANS AND TO ENLIGHTEN AND TEACH ORTHODOX CHRISTIANS ABOUT THEIR FAITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Maddex President & | OfficerTrustee | 40 | $121,838 |
Dn Tom Braun Chairman Of | Trustee | 0.5 | $0 |
FR Thomas Zell Trustee | Trustee | 0.5 | $0 |
Dennis Awad Trustee | Trustee | 0.5 | $0 |
Brandon Baca Trustee | Trustee | 0.5 | $0 |
Scott Davenport Trustee | Trustee | 0.5 | $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 | $1,252,826 |
| Noncash contributions included in lines 1a–1f | $2,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,252,826 |
| Total Program Service Revenue | $0 |
| Investment income | $595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,370 |
| 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 | $1,737,474 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,097,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $121,838 |
| Compensation of current officers, directors, key employees. | $36,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,317,377 |
| Pension plan accruals and contributions | $29,720 |
| Other employee benefits | $302,472 |
| Payroll taxes | $110,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,675 |
| Fees for services: Accounting | $20,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,000 |
| Advertising and promotion | $2,186 |
| Office expenses | $13,291 |
| Information technology | $76,884 |
| Royalties | $0 |
| Occupancy | $81,947 |
| Travel | $36,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,754 |
| Insurance | $1,875 |
| All other expenses | $0 |
| Total functional expenses | $3,081,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,628 |
| Savings and temporary cash investments | $312,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $761,397 |
| Prepaid expenses and deferred charges | $29,890 |
| Net Land, buildings, and equipment | $297,285 |
| Investments—publicly traded securities | $27,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,015,644 |
| Accounts payable and accrued expenses | $196,871 |
| Grants payable | $0 |
| Deferred revenue | $29,297 |
| 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 | $226,168 |
| Net assets without donor restrictions | $1,314,973 |
| Net assets with donor restrictions | $474,503 |
| 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 | $2,015,644 |