Goforth Media Inc
- Assets
- $537.3k
- Revenue
- $722.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Spanish Fort, AL
- Founding
- 12/1987
- Data as of
- 12/2021
- EIN
- 63-0927122
Organization Overview
Goforth Media Inc is located in Spanish Fort, AL. The organization was established in 1987. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Goforth Media Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goforth Media 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 12/2021, Goforth Media Inc generated $722.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $586.7k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
RELIGIOUS RADIO BROADCAST
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND RELIGIOUS PROGRAMMING - 100%
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Barber Vice-Preside | Officer | 40 | $68,070 |
Wilbur H Goforth President | Officer | 20 | $47,400 |
Jane Goforth Sec-Treas | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,541 |
| Noncash contributions included in lines 1a–1f | $53,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,541 |
| Total Program Service Revenue | $64,046 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $721,962 |
| 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 | $291,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,403 |
| Payroll taxes | $23,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $913 |
| Fees for services: Accounting | $2,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,080 |
| Advertising and promotion | $28,071 |
| Office expenses | $5,487 |
| Information technology | $0 |
| Royalties | $10,631 |
| Occupancy | $107,698 |
| Travel | $403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,895 |
| Insurance | $4,302 |
| All other expenses | $27,210 |
| Total functional expenses | $586,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,552 |
| Savings and temporary cash investments | $247,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $488 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $260,792 |
| Investments—publicly traded securities | $1,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,357 |
| Total assets | $537,292 |
| Accounts payable and accrued expenses | $430 |
| 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 | $430 |
| Net assets without donor restrictions | $0 |
| 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 | $536,862 |
| Total liabilities and net assets/fund balances | $537,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goforth Media Inc has recieved totaling $1,889.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kingdom Advisors Inc Atlanta, GA | $2,502,254 | $6,265,667 |
Giving Company Alpharetta, GA | $1,622,291 | $5,896,509 |
New Song Ministries Inc Ball Ground, GA | $902,466 | $2,130,506 |
Awkng Inc Jacksonville, FL | $379,165 | $4,134,780 |
More Than Conquerors Inc Conyers, GA | $103,496 | $2,117,083 |
Daily Audio Bible Spring Hill, TN | $5,606,352 | $3,425,803 |
Creation Ministries Internationalus Inc Powder Springs, GA | $3,372,282 | $1,982,729 |
Gathering Place Inc Brunswick, GA | $3,552,096 | $2,598,563 |
Living His Life Abundantly International Inc Palm Harbor, FL | $1,432,577 | $2,160,518 |
Leroy Jenkins Evangelistic Assocation Inc Tampa, FL | $1,260,071 | $698,163 |
Immanuel Broadcasting Network Inc Cartersville, GA | $359,899 | $759,511 |
Treasure Coast Educational Media Inc Vero Beach, FL | $7,314 | $635,682 |