Arkansas Baptist Newsmagazine Inc
- Assets
- $755.2k
- Revenue
- $521.4k
- Investments
- $639.4k
- Employees
- 5
- Location
- Little Rock, AR
- Founding
- 05/1969
- Data as of
- 12/2019
- EIN
- 52-1189204
Organization Overview
Arkansas Baptist Newsmagazine Inc is located in Little Rock, AR. The organization was established in 1969. 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 12/2019, Arkansas Baptist Newsmagazine Inc employed 5 individuals. Arkansas Baptist Newsmagazine 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 12/2019, Arkansas Baptist Newsmagazine Inc generated $521.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $533.0k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISHING ACTIVITY TO AID ARKANSAS BAPTIST STATE CONVENTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION AND CIRCULATION OF BAPTIST NEWSMAGAZINE TO MEMBER CHURCHES AND MINISTERS OF THE ARKANSAS BAPTIST STATE CONVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Yarbrough Editor | Officer | 40 | $104,831 |
Mike Vinson Board Of Director | Trustee | 1 | $0 |
Doug Hibbard Board Of Director | Trustee | 1 | $0 |
Mike Mccoy Board Of Director | Trustee | 1 | $0 |
Bob Beach Board Of Director | Trustee | 1 | $0 |
Danny Allen Board Of Director | Trustee | 1 | $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 | $244,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,041 |
| Total Program Service Revenue | $141,153 |
| Investment income | $28,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,448 |
| 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 | $193,908 |
| Pension plan accruals and contributions | $16,747 |
| Other employee benefits | $47,567 |
| Payroll taxes | $15,011 |
| Fees for services: Management | $27,268 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $84,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,246 |
| Travel | $7,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,639 |
| Insurance | $792 |
| All other expenses | $32,636 |
| Total functional expenses | $532,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,856 |
| Accounts receivable, net | $36,836 |
| 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 | $2,255 |
| Net Land, buildings, and equipment | $36,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $639,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,604 |
| Total assets | $755,217 |
| Accounts payable and accrued expenses | $16,749 |
| Grants payable | $0 |
| Deferred revenue | $27,538 |
| 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 | $19,294 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,504 |
| Total liabilities | $310,085 |
| Net assets without donor restrictions | $399,107 |
| Net assets with donor restrictions | $46,025 |
| 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 | $755,217 |
Endowment Analysis
| Beg. Balance | $352 |
| Earnings | $1,227 |
| Net Contributions | $10,025 |
| Ending Balance | $11,604 |
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