Walking The Text
- Assets
- $2.0m
- Revenue
- $930.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Spring Hill, TN
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-3174462
Organization Overview
Walking The Text is located in Spring Hill, TN. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Walking The Text employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walking The Text 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 12/2023, Walking The Text generated $930.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $806.2k during the year ending 12/2023. While expenses have increased by 25.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES BIBLICAL RESOURCES THROUGH ONLINE TEACHINGS, PODCASTS, SEMINARS, AND STUDY TRIPS THAT HELP PEOPLE TO UNDERSTAND THE BIBLE MORE THOROUGHLY FROM IT'S ORIGINAL CULTURAL, HISTORICAL, AND GEOGRAPHICAL CONTEXT IN ORDER FOR THEM TO UNDERSTAND AND LIVE OUT ITS TEACHINGS AND PRINCIPLES BETTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WALKING THE TEXT PROVIDES SCHOLARSHIPS TO INDIVIDUALS DESIRING TO PARTICIPATE IN STUDY TRIPS TO BIBLICAL LANDS. THIS YEAR WE TOOK THREE TRIPS TO ISRAEL. WE PROVIDED 13 INDIVIDUALS WITH PARTIAL/FULL SCHOLARSHIPS (TOTALING $69,651 LISTED BELOW) TO ATTEND THESE TRIPS. GENERALLY INDIVIDUALS ACCEPTED FOR SCHOLARSHIPS ARE ACTIVELY INVOLVED IN MINISTRY, BIBLICAL TEACHING OR LEADERSHIP, OR STUDENTS STUDYING MINISTRY AND/OR BIBLICAL STUDIES. WE EARMARK 20K OF TOTAL DONATIONS RECEIVED TO GIVE AWAY IN SCHOLARSHIPS REGARDLESS OF HOW THE DONOR SPECIFIES THE GIFT. IN ADDITION, THIS YEAR WE RECIEVED A TOTAL OF $50,337 FROM DONOR CONTRIBUTIONS SPECIFICALLY EARMARKED FOR SCHOLARSHIPS. EXPENSE TOTAL IS REFLECTED IN SECTION IX COLUMN B LINE 2, 1/3 OF LINE 5B (WHICH EQUALS $96,222), AND $422 OF LINE 24D . REVENUE TOTAL IS REFLECTED IN SECTION XIII LINE 2A.
WALKING THE TEXT PROVIDES OPPORTUNITIES FOR CHURCHES AND ORGANIZATIONS TO HOST LIVE EVENTS WHERE FOUNDER/DIRECTOR BRAD GRAY, (AND OTHER BIBLICAL TEACHERS INCLUDING CONTENT DIRECTOR BRAD NELSON) SPEAKS AND TEACHES ON THE BIBLE. THE FORMAT IS GENERALLY (BUT NOT LIMITED TO) WEEKEND SERVICES AT A CHURCH, LIVE WEEKEND WORKSHOPS, OR AN ANNUAL 3-DAY BIBLICAL CONFERENCE (IBC). THIS YEAR WE HAD THE OPPORTUNITY TO SPEAK TO THE BUFFALO BILLS NFL TEAM ALONGSIDE THEIR CHAPLAIN TO NAME ONE OF THE UNIQUE OPPORTUNITIES WE WERE INVOLVED IN. WE ALSO LED EVENTS IN INDIANA, WASHINGTON, TENNESSEE, AND FLORIDA TO NAME A FEW. EXPENSE TOTAL IS REFLECTED IN SECTION IX COLUMN B LINES 17 (PARTIAL $6652), 24C, 1/3 LINE 5B (WHICH EQUALS $96,222). REVENUE TOTAL IS REFLECTED IN SEDCTION XIII LINE 2B.
WEBSITE CONTENT AND DEVELOPMENT INCLUDING WEEKLY VIDEO TEACHINGS, WEBSITE UPDATES, PODCAST DEVELOPMENT, AND OTHER RESOURCE INFORMATION WHICH IS AVAILABLE FOR FREE TO USERS ON OUR WEBSITE. THIS IS NOT A REVENUE GENERATING SERVICE THAT WE PROVIDE, RATHER WE STRIVE TO OFFER THE BEST RESOURCES ON THE SUBJECT OF THE BIBLE FOR FREE TO EVERYONE. THERE IS INFORMATION LISTED ABOUT STUDY TRIPS, SPEAKING AT CONFERENCES OR CHURCHES, AND/OR FUTURE EVENTS LISTED ON THE WEBSITE IN WHICH PEOPLE CAN SIGN UP FOR. USERS ALSO HAVE THE OPPORTUNITY TO DONATE TO WALKING THE TEXT ONLINE. PARTS OF THE WEBSITE WAS REVAMPED THIS YEAR IN ORDER TO GIVE USERS A MORE FRIENDLY AND EASY WEBSITE TO NAVIGATE ALL THE WHILE MAINTAINING THE HIGHEST QUALITY WEBSITE POSSIBLE. WE ALSO CONTINUED WORK ON A TELEVISION SERIES THAT WILL BE AVAILABLE IN THE FUTURE HOPEFULLY ON NETFLIX, AMAZON PRIME, ETC. WE ARE CONTINUING TO WORK O FUNDRASING FOR SEASONS 1 AND 2. THE SCRIPT HAS BEEN WRITTEN AND ALL PRE-PRODUCTION COMPLETE. EXPENSE TOTAL IS REFLECTED IN SECTION IX 1/3 LINE 5B (WHICH EQUALS $96,223), LINE 11 B COLUMN B, LINE 11G COLUMN B, LINE 13, COLUMN B LINE 14, LINE 16, $4938 OF LINE 17, $2104 OF 24D, LINE 24E COLUMN B, LINE 22 COLUMN B, LINE 24B COLUMN B
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Gray President Executive Director | OfficerTrustee | 40 | $175,000 |
Bradley Nelson Content Director | Officer | 40 | $125,000 |
Marcus Naugler Creative Director | Officer | 40 | $125,000 |
Shallon Gray Finance Manager | Officer | 15 | $18,000 |
Richard Lyons Treasurer And Vice Chair Board Member | Trustee | 2 | $0 |
Nathan Young Board Chair Member | Trustee | 2 | $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 | $868,469 |
| Noncash contributions included in lines 1a–1f | $14,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,469 |
| Total Program Service Revenue | $46,900 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,478 |
| 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 | $6,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $930,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $69,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $443,000 |
| Compensation of current officers, directors, key employees. | $146,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,284 |
| Payroll taxes | $33,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,431 |
| Fees for services: Accounting | $18,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $49,200 |
| Fees for services: Investment Management | $168 |
| Fees for services: Other | $37,292 |
| Advertising and promotion | $39,174 |
| Office expenses | $2,981 |
| Information technology | $15,856 |
| Royalties | $0 |
| Occupancy | $683 |
| Travel | $11,590 |
| 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 | $5,110 |
| Insurance | $10,316 |
| All other expenses | $0 |
| Total functional expenses | $806,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,902 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,353,576 |
| Other assets | $0 |
| Total assets | $2,020,232 |
| Accounts payable and accrued expenses | $7,901 |
| 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 | $3,628 |
| Total liabilities | $11,529 |
| Net assets without donor restrictions | $263,827 |
| Net assets with donor restrictions | $1,744,876 |
| 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 | $2,020,232 |