United Methodist Church Methodist Publishing House
- Assets
- $34.7m
- Revenue
- $21.4m
- Investments
- $0.0
- Employees
- 208
- Location
- Nashville, TN
- Founding
- 06/1971
- Data as of
- 07/2022
- EIN
- 62-0535345
Organization Overview
United Methodist Church Methodist Publishing House is located in Nashville, TN. The organization was established in 1971. 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 07/2022, United Methodist Church Methodist Publishing House employed 208 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. United Methodist Church Methodist Publishing House 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 07/2022, United Methodist Church Methodist Publishing House generated $21.4m 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 (16.7%) each year. All expenses for the organization totaled $64.7m during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE UNITED METHODIST CHURCH, THE WIDER CHRISTIAN COMMUNITY, AND ALL SEEKERS PROVIDING QUALITY SERVICES AND RESOURCES THAT HELP THEM KNOW GOD THROUGH JESUS CHRIST, LOVE GOD, AND CHOOSE TO SERVE GOD AND NEIGHBOR.
Describe the Organization's Program Activity:
THE ORGANIZATION IS ONLY ENGAGED IN ONE PROGRAM SERVICE WHICH IS TO PROVIDE QUALITY SERVICES AND RESOURCES TO THE UNITED METHODIST CHURCH AND THE WIDER CHRISTIAN COMMUNITY THAT HELP THEM KNOW GOD THROUGH JESUS CHRIST, LOVE GOD, AND CHOOSE TO SERVE GOD AND NEIGHBOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Alexander Interim CFO | Officer | 40 | $80,482 |
Sunyoung Lee Secretary | OfficerTrustee | 1.54 | $0 |
Thomas L Salsgiver Chairperson | OfficerTrustee | 1.54 | $0 |
June Jernigan Vice-Chairperson | OfficerTrustee | 1.54 | $0 |
Brian Milford Chief Executive Officer | OfficerTrustee | 40 | $0 |
Anne S Travis Board Member | Trustee | 1.54 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C3 Consulting Llc Website Development Consult | 7/30/16 | $233,605 |
Four Story Creative Video Production | 7/30/16 | $560,261 |
United Methodist Communications Video Production | 7/30/16 | $168,026 |
Dunlop Productions Production Services | 7/30/16 | $110,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,611,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,611,154 |
| Total Program Service Revenue | $0 |
| Investment income | $380,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,518,768 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,446,424 |
| 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. | $1,191,915 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,324,088 |
| Pension plan accruals and contributions | $48,081,531 |
| Other employee benefits | $1,991,463 |
| Payroll taxes | $498,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,416 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116,794 |
| Fees for services: Other | $803,892 |
| Advertising and promotion | $1,329,134 |
| Office expenses | $162,481 |
| Information technology | $790,862 |
| Royalties | $0 |
| Occupancy | $163,642 |
| Travel | $6,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,458 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,456,280 |
| Insurance | $145,990 |
| All other expenses | $0 |
| Total functional expenses | $64,699,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,078,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,720,300 |
| Loans from Officers, Directors, or Controlling Persons | $396,688 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,671,664 |
| Prepaid expenses and deferred charges | $442,621 |
| Net Land, buildings, and equipment | $2,558,953 |
| Investments—publicly traded securities | $21,435,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $370,271 |
| Total assets | $34,674,204 |
| Accounts payable and accrued expenses | $4,769,165 |
| Grants payable | $0 |
| Deferred revenue | $13,328 |
| 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 | $2,574,258 |
| Total liabilities | $7,356,751 |
| Net assets without donor restrictions | $27,317,453 |
| 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 | $34,674,204 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United Methodist Church Methodist Publishing House has recieved totaling $11,297.
| Awarding Organization | Amount |
|---|---|
Golden Harvest Food Bank Inc Augusta, GA PURPOSE: TO GRANT ACCESS TO FOOD ACROSS THE COMMUNITY. | $11,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Ewtn News Inc Irondale, AL | $1,918,192 | $16,381,481 |
Gods World Publications Inc Asheville, NC | $5,264,725 | $11,160,512 |
Oak Spring Garden Foundation Upperville, VA | $320,424,904 | $24,563,668 |
National Catholic Reporter Publishing Company Kansas City, MO | $17,137,826 | $9,019,634 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Arlington Catholic Herald Inc Arlington, VA | $2,675,214 | $2,744,696 |
Truth For Today World Mission School Inc Searcy, AR | $8,904,427 | $4,531,764 |
St Louis Jewish Light St Louis, MO | $821,508 | $1,121,152 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Presbyterian Outlook Found Inc Richmond, VA | $657,059 | $780,760 |