Lifeword Broadcast Ministries
- Assets
- $4.9m
- Revenue
- $2.0m
- Investments
- $2.5m
- Employees
- 8
- Location
- Conway, AR
- Founding
- 08/1969
- Data as of
- 05/2022
- EIN
- 71-0394665
Organization Overview
Lifeword Broadcast Ministries is located in Conway, AR. The organization was established in 1969. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 05/2022, Lifeword Broadcast Ministries employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeword Broadcast Ministries 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 05/2022, Lifeword Broadcast Ministries generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.7m during the year ending 05/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LIFEWORD BROADCAST MINISTRIES OPERATES EXCLUSIVELY FOR RELIGIOUS PURPOSES. THIS PURPOSE IS ACCOMPLISHED BY DEVELOPMENT, PRODUCATION AND/OR DISTRIBUTION OF RADIO AND TELEVISION PROGRAMS, MUSIC AND CHRISTIAN EDUCATION MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL
BROADCASTING
DEPARTMENTAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Hernandez Board Member | Trustee | 10 | $0 |
Marvin Delk Sr Board Member | Trustee | 10 | $0 |
Ross Burgess Board Member | Trustee | 10 | $0 |
Michele Corder Board Member | Trustee | 10 | $0 |
Brad Wieneke Board Member | Trustee | 10 | $0 |
Rodney Burns Board Member | Trustee | 10 | $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 | $929,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $929,199 |
| Total Program Service Revenue | $19,491 |
| Investment income | $22,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $512,505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,038,339 |
| 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. | $43,759 |
| Compensation of current officers, directors, key employees. | $8,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,835 |
| Pension plan accruals and contributions | $26,145 |
| Other employee benefits | $106,044 |
| Payroll taxes | $21,134 |
| 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 | $0 |
| Advertising and promotion | $12,700 |
| Office expenses | $24,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,267 |
| Travel | $37,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,786 |
| Insurance | $4,882 |
| All other expenses | $46,615 |
| Total functional expenses | $1,671,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,152,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,034 |
| 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 | $14,172 |
| Net Land, buildings, and equipment | $600,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,541,275 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $588,327 |
| Total assets | $4,911,390 |
| Accounts payable and accrued expenses | $85,816 |
| 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 | $85,816 |
| Net assets without donor restrictions | $4,041,669 |
| Net assets with donor restrictions | $783,905 |
| 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 | $4,911,390 |
Grants Awarded
Over the last fiscal year, Lifeword Broadcast Ministries has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Conway, AR PURPOSE: CONTRIBUTION TO FOUNDATION OF WHICH LIFEWORD IS A BENEFICIARY. | $0 |
DISCIPLE GUIDE PURPOSE: CONTRIBUTION TO DG FOR A PROGRAM TO HELP STRUGGLING CHURCHES WHICH ARE PROSPECTS FOR FUTURE FUNDING | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifeword Broadcast Ministries has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Bma Foundation Conway, AR PURPOSE: TO SUPPORT LIFEWORD BROADCAST MINISTRIES, INC.'S OPERATIONS. | $0 |
Endowment Analysis
| Beg. Balance | $1,015,066 |
| Earnings | -$88,827 |
| Net Contributions | $10,075 |
| Ending Balance | $936,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Family Association Inc Tupelo, MS | $53,666,287 | $31,046,881 |
Insight For Living Frisco, TX | $23,454,072 | $19,904,687 |
Trinity Broadcasting Of Florida Inc Fort Worth, TX | $69,416,490 | $6,162,171 |
Family Stations Inc Franklin, TN | $96,805,715 | $8,074,278 |
Lifeword Broadcast Ministries Conway, AR | $4,911,390 | $2,038,339 |
The Grace Message Lubbock, TX | $2,279,244 | $3,002,399 |
Radio Maria Spanish Inc Houston, TX | $253,292 | $1,081,472 |
Pastoral Reflections Institute Dallas, TX | $903,621 | $1,021,472 |
Catholic Community Radio Inc Baton Rouge, LA | $877,851 | $559,056 |
Hermanos De Radio Maria Inc Houston, TX | $0 | $338,991 |
Wfca Radio Inc French Camp, MS | $505,790 | $562,799 |
Family Life Education Foundation Shreveport, LA | $172,957 | $399,672 |