Forum For Scriptural Christianity
- Assets
- $2.0m
- Revenue
- $949.9k
- Investments
- $1.1m
- Employees
- 8
- Location
- Spring, TX
- Founding
- 05/1970
- Data as of
- 12/2023
- EIN
- 36-2680478
Organization Overview
Forum For Scriptural Christianity, operating under the name Dba Good News, is located in Spring, TX. The organization was established in 1970. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Dba Good News employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Good News 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, Dba Good News generated $949.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $967.5k during the year ending 12/2023. 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
GOOD NEWS IS A CATALYST FOR THE FAITHFUL AND VIBRANT PRACTICE OF TRADITIONAL, BIBLE-CENTERED CHRISTIANITY WITHIN THE UNITED METHODIST CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOOD NEWS PUBLISHES A PRINTED MAGAZINE AND MAINTAINS A WEBSITE, WWW.GOODNEWSMAG.ORG. THE GOALS OF THE PRINT AND ELECTRONIC MEDIA PUBLICATIONS ARE TO INFORM, EDUCATE AND ENCOURAGE UNITED METHODISTS ABOUT CHALLENGES AND SUCCESSES REGARDING PRESERVING AND RENEWING SCRIPTURAL CHRISTIANITY WITHIN THE UNITED METHODIST CHURCH.
GOOD NEWS PARTICIPATES IN THE GOVERNANCE PROCESS OF THE UNITED METHODIST CHURCH UMC TO ADVOCATE AND ACT AS A CATALYST FOR PRESERVING OFFICIAL UMC DOCTRINE AND PRACTICE THAT IS CONSISTENT WITH TRADITIONAL SCRIPTURAL CHRISTIANITY. PRIMARY UMC GOVERNANCE PROCESSES IN WHICH GOOD NEWS PARTICIPATES ARE MULTIPLE GENERAL BOARDS AND ANNUAL CONFERENCES AND THE GENERAL CONFERENCE OF GLOBAL METHODISM. CHANGES TO OFFICIAL UMC DOCTRINE AND PRACTICE ARE VOTED ON AT GENERAL CONFERENCE, WHICH IS HELD EVERY FOUR YEARS. GIVEN ITS IMPACT, MUCH OF GOOD NEWS ACTIVITY AND RESOURCES EACH YEAR ARE IN SUPPORT OF GENERAL CONFERENCE OR GLOBAL INITIATIVES.
RENEWAL AND REFORM, RENEW NETWORK, AND TRANSFORMING CONGREGATIONS NETWORK ARE THE CENTRAL PROGRAMS OF GOOD NEWS, WHOSE GENERAL ACTIVITIES PROMOTE RENEWAL AND REFORM WITHIN THE UNTIED METHODIST CHURCH UMC. THE GOAL OF THESE PROGRAMS IS TO PROMOTE A BIBLICALLY GROUNDED AND SPIRITUALLY ALIVE UMC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Lambrecht Vice President | Officer | 50 | $118,658 |
Rob Renfroe President | Officer | 15 | $44,820 |
Helen Rhea Stumbo Board Chairperson | OfficerTrustee | 1 | $0 |
Ryan Barnett 1st Vice Chair | OfficerTrustee | 1 | $0 |
Marianne Wright 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Norman Neel Treasurer, Finance/audit | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,724 |
| All other contributions, gifts, grants, and similar amounts not included above | $806,970 |
| Noncash contributions included in lines 1a–1f | $1,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,694 |
| Total Program Service Revenue | $71,767 |
| Investment income | $55,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $949,914 |
| 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. | $188,486 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,064 |
| Payroll taxes | $19,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,964 |
| Advertising and promotion | $0 |
| Office expenses | $15,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,490 |
| Travel | $48,095 |
| 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 | $1,422 |
| Insurance | $4,653 |
| All other expenses | $35,452 |
| Total functional expenses | $967,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816,828 |
| Savings and temporary cash investments | $14,667 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,441 |
| Prepaid expenses and deferred charges | $45,531 |
| Net Land, buildings, and equipment | $2,175 |
| Investments—publicly traded securities | $8,861 |
| Investments—other securities | $1,081,052 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,683 |
| Total assets | $2,047,804 |
| Accounts payable and accrued expenses | $1,632 |
| 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 | $66,233 |
| Total liabilities | $67,865 |
| Net assets without donor restrictions | $1,946,347 |
| Net assets with donor restrictions | $33,592 |
| 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 | $2,047,804 |
Grants Awarded
Over the last fiscal year, Forum For Scriptural Christianity has awarded $22,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL LEADERSHIP INSTITUTE PURPOSE: TO SUPPORT LEADERSHIP | $20,000 |
WESLEYAN COVENANT ASSOCIATION PURPOSE: TO SUPPORT AFRICA INITIATIVE | $2,000 |