Associated Baptist Press
- Assets
- $152.9k
- Revenue
- $702.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Jacksonville, FL
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 58-1930302
Organization Overview
Associated Baptist Press is located in Jacksonville, FL. The organization was established in 1991. 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 12/2021, Associated Baptist Press employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Baptist Press 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 12/2021, Associated Baptist Press generated $702.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $598.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE BAPTIST NEWS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABP OPERATES A NEWS SERVICE PROVIDING TIMELY RELEASES OF NEWS AND FEATURE STORIES RELATING TO BAPTIST INTERESTS AT THE LOCAL, STATE AND NATIONAL LEVELS.
ABP OPERATES A NEWS SERVICE PROVIDING TIMELY RELEASES OF NEWS AND FEATURE STORIES RELATING TO BAPTIST INTERESTS AT THE LOCAL, STATE AND NATIONAL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hewlett Director | Trustee | 2 | $0 |
Mike Parnell Secretary | Trustee | 5 | $0 |
Mary Hix Director | Trustee | 2 | $0 |
Michael Clingenpeel Treasurer | Trustee | 5 | $0 |
John Freeman Director | Trustee | 2 | $0 |
Jayne Davis Director | Trustee | 2 | $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 | $405,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,642 |
| Total Program Service Revenue | $14,124 |
| Investment income | $282,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $702,219 |
| 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 | $258,114 |
| Pension plan accruals and contributions | $36,429 |
| Other employee benefits | $53,825 |
| Payroll taxes | $18,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,950 |
| Fees for services: Accounting | $36,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,251 |
| Office expenses | $16,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $761 |
| Insurance | $966 |
| All other expenses | $2,050 |
| Total functional expenses | $598,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,230 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,907 |
| Accounts payable and accrued expenses | $522 |
| 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 | $0 |
| Total liabilities | $522 |
| Net assets without donor restrictions | $152,385 |
| 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 | $152,907 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Baptist Press has recieved totaling $12,259.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $12,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ewtn News Inc Irondale, AL | $1,918,192 | $16,381,481 |
Gods Word To The Nations Mission Society Fleming Island, FL | $542,636 | $1,365,536 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Associated Baptist Press Jacksonville, FL | $152,907 | $702,219 |
Inspiration Books East Inc Jemison, AL | $513,380 | $651,134 |
Polis Institute Inc Orlando, FL | $52,282 | $493,061 |
Alexandrian Forum Inc Fort Lauderdale, FL | $370,892 | $681,709 |
Palabra Publications Inc West Palm Beach, FL | $356,005 | $213,594 |
Bible Study Media Inc Jacksonville, FL | $267,746 | $344,937 |
Its A New Day Inc Woodstock, GA | $118,676 | $358,905 |
Anago Partners Inc Tucker, GA | $390,650 | $517,738 |
Miqlat Jacksonville, FL | $225,753 | $335,455 |