Gospel Minutes Publications Inc
- Assets
- $33.4k
- Revenue
- $517.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Fort Worth, TX
- Founding
- 03/1965
- Data as of
- 12/2022
- EIN
- 75-6040728
Organization Overview
Gospel Minutes Publications Inc is located in Fort Worth, TX. The organization was established in 1965. 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 12/2022, Gospel Minutes Publications Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gospel Minutes Publications 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 12/2022, Gospel Minutes Publications Inc generated $517.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $539.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISH, PRINT, MAIL AND OTHERWISE DISTRIBUTE THE GOSPEL MINUTES, A PERIODICAL AND OTHER BOOKS AND BOUND VOLUMES OF A RELIGIOUS NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, GOSPEL MINUTES PRINTED AND MAILED 36,329 PERIODICALS WEEKLY AND PUBLISHED 200 BOUND VOLUMES OF RELIGIOUS WORK. EACH WEEK,THE ORGANIZATION SENDS ON AVERAGE OF 195 INDIVIDUAL COPIES TO PRISONERS AND MAILED 695 IN 21 BULK PACKAGES TO PRISONS & PRISON CHAPLAINS. GOSPEL MINUTES MAILED AN AVERAGE OF 8,349 PERIODICALS WEEKLY DIRECTLY TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jud Thurman Secretary/treasurer/board | OfficerTrustee | 10 | $30,715 |
Gary Davis President/board Member | OfficerTrustee | 0 | $0 |
Jay Norman Board Member | Trustee | 2 | $0 |
Kathy Davis Interim Board Member | Trustee | 2 | $0 |
Bob Tinius Vice President | OfficerTrustee | 0 | $0 |
David Thurman Editor/publisher | Officer | 5 | $24,500 |
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 | $75,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,568 |
| Total Program Service Revenue | $442,346 |
| Investment income | $0 |
| 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 | $517,914 |
| 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. | $59,651 |
| Compensation of current officers, directors, key employees. | $2,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,023 |
| Pension plan accruals and contributions | $4,639 |
| Other employee benefits | $17,020 |
| Payroll taxes | $12,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,809 |
| Information technology | $6,120 |
| Royalties | $0 |
| Occupancy | $50,376 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $539,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18 |
| 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 | $18,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,445 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,663 |
| Total liabilities | $1,663 |
| Net assets without donor restrictions | -$3,138 |
| Net assets with donor restrictions | $34,920 |
| 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 | $33,445 |