Communicating The Good News
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $1.8m
- Employees
- 0
- Location
- Fayetteville, NC
- Founding
- 05/1990
- Data as of
- 02/2022
- EIN
- 75-2269766
Organization Overview
Communicating The Good News is located in Fayetteville, NC. The organization was established in 1990. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communicating The Good News 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 02/2022, Communicating The Good News generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.7% each year . All expenses for the organization totaled $92.4k during the year ending 02/2022. While expenses have increased by 8.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ginn Sec/director | 2 | $0 | |
Gloria Ginn Pres/director | 10 | $0 | |
Sharon Lunsford Director | 2 | $0 | |
William David White Sec/dirct | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,289,302 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,009 |
| Capital Gain Net Income | $25,009 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,379,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,785 |
| Total operating and administrative expenses | $17,868 |
| Contributions, gifts, grants paid | $74,500 |
| Total expenses and disbursements | $92,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,172 |
| Savings and temporary cash investments | $14,779 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,792,323 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Communicating The Good News has awarded $74,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST MID-MISSIONS FOUNDATION PURPOSE: PROMOTING CHRISTIAN RADIO BROADCASTNG, MISSIONARY ACTIVITIES AND RELATED PURPOSES. | $44,000 |
REACH BEYOND PURPOSE: PROMOTING CHRISTIAN RADIO BROADCASTNG, MISSIONARY ACTIVITIES AND RELATED PURPOSES. | $24,500 |
Costa Mesa, CA PURPOSE: PROMOTING CHRISTIAN RADIO BROADCASTNG, MISSIONARY ACTIVITIES AND RELATED PURPOSES. | $6,000 |
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 |
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 |
Narroway Productions Inc Fort Mill, SC | $6,226,678 | $1,876,775 |
Gathering Place Inc Brunswick, GA | $3,552,096 | $2,598,563 |
Don Shire Ministries Inc Bedford, VA | $1,411,136 | $1,174,975 |
Arrabon Richmond, VA | $1,550,749 | $2,350,562 |
Immanuel Broadcasting Network Inc Cartersville, GA | $359,899 | $759,511 |
Catholics Come Home Inc Roswell, GA | $3,719,225 | $475,165 |