The information for Bethel Music is as of the organization's most recent filing in July '21. This organization is located in Redding, CA. It has been in existence for 6 years, following its inception in 2015.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Bethel Music is an organization classified under the NTEE code X11, which falls under the major classification of Religion-Related. The minor classification for Bethel Music is Single Organization Support. This means that Bethel Music exists as a fundraising entity for a single institution within the Religion-Related major group area. As a 501(c)(3) organization, Bethel Music is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work. The mission of Bethel Music is focused on the production, publication, and sale of creative assets for the benefit of Bethel Church of Redding and other Christian artists.
Bethel Music exists to create, capture, produce, publish, and sell creative assets for the benefit of Bethel Church of Redding (FEIN 94-1514037) and provides record label services to other Christian artists. Within the general fund, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.
Bethel Music is run by Brian Johnson, who is the Co-President of the organization. The organization does not have any employees and there are no employees paid over $100k per year. However, Bethel Music is supported by 144 volunteers.
Bethel Music appears to be a well-governed non-profit organization based on the information provided. With a total of 7 voting members, including 2 independent members, the organization seems to have a balanced and diverse board. This indicates that decisions are likely to be made with different perspectives and potential conflicts of interest can be mitigated. The fact that potential conflicts of interest exist but are addressed through a conflict of interest policy and disclosure requirements demonstrates a commitment to transparency and accountability. By documenting both board and committee meetings, the organization ensures that important discussions and decisions are recorded and can be referenced in the future. Furthermore, the presence of a written whistleblower policy and a document retention policy indicates that Bethel Music values ethical behavior and takes measures to protect against misconduct. The organization's commitment to substantiating and reviewing leadership and officer's salaries suggests a responsible approach to financial management. However, one potential area for improvement is the organization's practice of not providing copies of the 990 form to the board prior to filing. Sharing this financial document with board members in advance would allow them to review and provide input, ensuring that they have a comprehensive understanding of the organization's financial situation. Overall, based on the information provided, Bethel Music appears to have effective governance practices in place, prioritizing transparency, accountability, and ethical behavior.
Bethel Music, a nonprofit organization, has experienced both growth and decline over the given time period. Contributions & Grants Received and Program Service Revenue have both decreased from 2015 to 2020. However, Other Revenue and Total Revenue have increased during this time. Employee Salaries have also increased, indicating potential growth in the organization's workforce. On the other hand, Total Expenses have decreased, suggesting improved financial management. Additionally, the number of Total Volunteers has decreased over this time period. Overall, while some aspects of the organization have grown, others have declined, making it difficult to determine the overall growth of Bethel Music.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian Johnson Co-President | OfficerTrustee | 40 | $0 |
Jenn Johnson Co-President | OfficerTrustee | 10 | $0 |
Joel Taylor Vice Preside | OfficerTrustee | 40 | $0 |
Kris Vallotton Secretary | OfficerTrustee | 30 | $0 |
Bill Johnson Board Member | Trustee | 10 | $0 |
Mark Zchech Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Boxer Poet Consulting Inc Services | 7/30/21 | $147,614 |
Ksw Industries Services | 7/30/21 | $118,032 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $852,200 |
All other contributions, gifts, grants, and similar amounts not included above | $18,831 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $871,031 |
Total Program Service Revenue | $1,544,379 |
Investment income | $5,691 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $4,981,363 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $4,702,927 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $5,014,122 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,178,099 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,448,680 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $360,688 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
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 | $439,664 |
Advertising and promotion | $578,053 |
Office expenses | $68,304 |
Information technology | $522,097 |
Royalties | $0 |
Occupancy | $253,838 |
Travel | $531,082 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $599,725 |
Interest | $0 |
Payments to affiliates | $1,615,109 |
Depreciation, depletion, and amortization | $688,607 |
Insurance | $46,106 |
All other expenses | $162,450 |
Total functional expenses | $9,862,494 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,217,339 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,859,883 |
Loans from Officers, Directors, or Controlling Persons | $187,180 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $319,721 |
Prepaid expenses and deferred charges | $403,524 |
Net Land, buildings, and equipment | $7,571,673 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,316,260 |
Other assets | $1,144,808 |
Total assets | $17,020,388 |
Accounts payable and accrued expenses | $2,665,905 |
Grants payable | $0 |
Deferred revenue | $33,996 |
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 | $1,316,235 |
Total liabilities | $4,016,136 |
Net assets without donor restrictions | $13,004,252 |
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 | $0 |
Total liabilities and net assets/fund balances | $17,020,388 |
Over the last fiscal year, we have identified 1 grants that Bethel Music has recieved totaling $41.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Organization Name | Assets | Revenue |
---|---|---|
Purpose Driven Connection Rancho Santa Margarita, CA | $29,393,570 | $25,518,921 |
Bethel Music Redding, CA | $17,020,388 | $17,178,099 |
Stewardship Endowment Fund Scottsdale, AZ | $47,139,512 | $6,876,380 |
Conference Claimants Endowment Bd California Ann Conf Methodist Ch Stockton, CA | $134,531,224 | $10,421,570 |
Bethel Media Redding, CA | $2,416,750 | $3,101,104 |
Legacy For The Kingdom Phoenix, AZ | $44,613,062 | $3,223,185 |
Catholic Community Foundation Of San Diego San Diego, CA | $89,259,750 | $4,327,946 |
Secrets Unsealed Fresno, CA | $5,504,604 | $3,996,381 |
A P Reilly Foundation Santa Monica, CA | $46,201,571 | $194,000 |
The Olympic Club Foundation San Francisco, CA | $6,547,843 | $1,319,679 |
Arizona District Council Of The Assemblies Of God Kingdom Legacy F Phoenix, AZ | $5,638,218 | $1,044,440 |
Speranza Foundation Mesa, AZ | $5,337,179 | $4,707,152 |