2020-10-12T12:36:23-05:00 2020-05-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2019-06-01 361143987 Good News Publishers GOOD 6306824300 1300 Crescent St Wheaton IL 60187 Paul Thomas Sr VP of Finance 6306824300 2020-10-12 Ted R Batson Jr P00721951 6306829797 139.146.132.42 2020-10-12 13:36:14 ED P E7FD382DF6DE385ABE9FC806142A23A0737DC9FC BB03E3CB216029EABB34C793DB820DEDB0AC0F67 2019 2021-01-29 14:40:06Z Crossway Josh Dennis 1300 Crescent St Wheaton IL 60187 38156420 0 X www.crossway.org X 1941 IL To proclaim the gospel and the truth of God's Word through publishing and all other means. 9 3 116 6 0 0 109712 218449 62374 22707 62202 -30128 22162472 21014976 22396760 21226004 218721 130223 0 0 11181503 11206875 0 0 53543 8813411 8263665 20213635 19600763 2183125 1625241 29230056 33365864 6544237 9054804 22685819 24311060 Crossway is a not-for-profit ministry that exists solely for the purpose of proclaiming the gospel and the truth of God's Word through publishing and all other means. 0 0 7321459 37518 9625200 Book Distribution: Publishing books for the purpose of spreading the gospel of Jesus Christ. This ministry is performed by the sales and free distribution of books. Altogether, over 2.9 million books were distributed both domestically and internationally by way of sales and free distribution. The free distribution of books were given to a variety of ministries in the United States and overseas. In addition, the company was able to fund book distribution and translation assistance in the amount of $37,518. 7306002 77705 9412846 Bible Distribution: Publishing Bibles for the purpose of spreading the gospel of Jesus Christ. This ministry is performed by the sales and free distribution of the ESV Bible. Altogether, over 2.8 million Bibles were distributed both domestically and internationally by way of sales and free distribution. The free distribution of Bibles were given to a variety of ministries in the United States and overseas. In addition, the company was able to fund Bible translation, development, distibution, and printing projects overseas in the amount of $77,705. 373118 15000 457313 Tracts Distribution and other program services: Publishing Christian literature for the purpose of spreading the gospel of Jesus Christ. This ministry is performed by the sales and free distribution mainly of gospel tracts, but also includes other evangelistic materials such as audio books and videos. Altogether, over 15.1 million tracts and calendar cards, as well as almost 18,000 other evangelistic materials, were distributed both domestically and internationally by way of sales and free distribution. The free distribution of tracts and other evangelistic materials were given to a variety of churches, individuals, and ministries primarily within the United States. In addition, the company was able to fund conference sponsorship and distribution of materials in the amount of $15,000. 15000579 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 1 490 0 1 116 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO FL GA HI IL MD ME MI MN MS NC NH NM NY PA RI SC TN UT VA WA WV WI X Paul Thomas 6306824300 1300 Crescent St Wheaton IL 60187 Lane T Dennis President (part year) Chairman, CEO 30.00 1.00 X X 356946 0 66981 Josh Dennis President, Chief Comm. Officer 40.00 0.25 X X 223415 0 41418 Dane Ortlund Chief Publishing Officer 40.00 0.00 X 216252 0 40037 Anthony Gosling Chief Operating Officer 40.00 0.00 X 210152 0 44205 Justin Taylor Exec. VP Book Publishing 40.00 0.00 X 210213 0 43252 Paul Thomas Sr. VP Finance & Asst. Treasurer 40.00 1.00 X 202545 0 42944 Dan Kok Sr. VP Operations & Asst. Secretary 40.00 1.00 X 202005 0 39572 Randall D Jahns Sr. VP Ministry and Licensing 40.00 0.00 X 197017 0 44022 Donald Jones Exec. VP Production 40.00 0.00 X 185454 0 37857 Daniel Bush Exec. VP Sales 40.00 0.00 X 182181 0 40101 Andrew Tebbe Exec. VP of Communications 40.00 0.00 X 152919 0 41476 Raymond Elliott Director of Digital Production 40.00 0.00 X 129715 0 41072 Robert Ratleph Director of Digital 40.00 0.00 X 129376 0 40655 Mark Hendrie Director of Information Technology 40.00 0.00 X 125986 0 40217 Dave DeWit VP of Book Publishing 40.00 0.00 X 142261 0 8367 M Ebeth Dennis Secretary, Co-CEO 20.00 0.50 X X 103036 0 26500 Paul House Board Member 5.00 0.25 X 15768 0 0 Wayne Grudem Board Member 5.00 0.25 X 1353 0 0 James Fellowes Treasurer 5.00 0.25 X X 0 0 0 R Kent Hughes Board Member 5.00 0.25 X 0 0 0 Jon Dennis Board Member 5.00 0.25 X 553 0 0 Niel Nielson Board Member 5.00 0.25 X 0 0 0 2987147 0 638676 26 0 1 0 RR Donnelley Asia Print Solutions 108 Wai Yip Kwun Tong Hong Kong CH Printing 9172978 T Delling Construction Inc 211 N Woodlawn Street Wheaton IL 60187 General Contractor 1585906 Lake Book Manufacturing Inc 2085 N Cornell Avenue Melrose Park IL 60160 Printing 1474286 LSC Communications Inc PO Box 776411 Chicago IL 60677 Printing 970553 Versa Press Inc 1465 Spring Bay Road East Peoria IL 61611 Printing 827041 18 218449 218449 Program Service Rev. 900099 22707 22707 22707 57683 57683 1542324 1542324 87811 -87811 -87811 -87811 36247234 16842605 19404629 19404629 68023 68023 68023 21226004 19495359 0 1512196 52518 52518 77705 77705 2518583 1125362 1366817 26404 366139 273598 92541 6394391 5375654 1004698 14039 412113 412113 910622 725371 185251 605027 475569 128383 1075 200661 200661 62523 62523 1168513 1006719 161794 2417290 2357118 60172 424584 252967 169034 2583 164616 164616 360720 360720 712803 651633 58760 2410 452753 320426 132327 394059 394059 530736 493568 32591 4577 149970 137975 10518 1477 Shipping & Mailing 783687 736823 46188 676 Ministry projects 153954 153954 Dues & subscriptions 148348 148348 Research & development 2947 2711 207 29 135501 26129 109099 273 19600763 15000579 4546641 53543 113361 136377 3083985 6556598 6647737 6345339 11282094 10648890 1689574 1867743 12979096 5927205 5647558 7051891 765747 759026 29230056 33365864 4117725 4185064 1328216 2175527 1532947 1098296 1161266 6544237 9054804 X 22139717 23751248 546102 559812 22685819 24311060 29230056 33365864 1625241 0 X 0 1 X 1 0 X 531101 165760 110576 109712 218449 1135598 33605649 31716853 36202114 37843410 36269941 175637967 34136750 31882613 36312690 37953122 36488390 176773565 17208 7000 4202 500 28910 20528155 18811244 22541087 23341068 22021635 107243189 20545363 18818244 22545289 23341568 22021635 107272099 69501466 1233563 1219714 1397209 1626815 1600007 7077308 1233563 1219714 1397209 1626815 1600007 7077308 68023 68023 35370313 33102327 37709899 39579937 38156420 183918896 0.37790 0.38870 0.03850 0.03730 X Schedule A, Part III, Line 12, Explanation of Other Income: Misc income - 2019 Amount: $ 68,023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 450000 10069 10069 450000 450000 6255 6255 450000 450000 1311 1311 450000 450000 1124 1124 450000 450000 1124 1124 450000 1.00000 0 0 1344321 1344321 8244295 3221837 5022458 2710439 2029556 680883 680041 675812 4229 7051891 Accrued royalties 1161266 1161266 Part V, Line 4: The Endowment consists of one fund. The fund is used to aid the distribution of Sir Robert Anderson's books for encouragement and edification of Christians. The beginning and ending balances have been updated to reflect the donor restricted balance of $450,000 as the donor has not yet released their restriction. The activity is reflective of the income earned and spent during the year. Part V, lines 2a-2c In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2020. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 Europe (Including Iceland & Greenland) 0 0 Program Services Distribution of Bibles, conference, book fair, meetings with Bible Society, publishers, trade partners, and authors 33923 Europe (Including Iceland & Greenland) 0 0 Grants to recipients 31300 Sub-Saharan Africa 0 0 Program Services Distribution of Bibles 28046 Sub-Saharan Africa 0 0 Grants to recipients 25000 Middle East and North Africa 0 0 Grants to recipients 13125 South Asia 0 0 Program Services Distribution of Bibles, conference, meetings with publishers, trade partners, promotional support 9974 East Asia and Pacific 0 0 Grants to recipients 6530 South Asia 0 0 Grants to recipients 1750 0 0 0 0 0 0 149648 0 149648 Europe (Including Iceland & Greenland) Support for Bible Project 31300 Wire transfer Sub-Saharan Africa Bible distribution 25000 Wire transfer Middle East and North Africa Bible translation 13125 Wire transfer East Asia and the Pacific Bible translation and distribution 6530 Wire transfer 3 0 0 0 0 0 0 0 Part I, Line 2: Good News Publishers receives a copy of the finished Bible product and royalty reports indicating how many copies of the finished product have been distributed. Site visits are also conducted to ensure that the granted funds are spent on distribution projects. Part I, line 3: All expenses are recorded/tracked under the accrual basis of accounting in accordance with Generally Accepted Accounting Principles. Part III Accounting Method: Part II, line 2 The total number of recipient organizations listed shows a total of 3 since the same grantee received a grant for 2 different regions as reflected in Schedule F, Part II, Line 1. 1 Desiring God 2112 Broadway St NE STE 150 Minneapolis MN 55413 010797083 501(c)(3) 27449 Translation costs contribution Neopolis 53 W Jackson 450 Chicago IL 60604 815286905 501(c)(3) 15000 Conference sponsorship and distribution of materials Kregel Publications 2450 Oak Industrial Dr NE Grand Rapids MI 49505 381749272 501(c)(3) 10069 Distribution of books 3 0 Part I, Line 2: All grants have reporting which is monitored through on-site field visits as well as in person and electronic communication. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Lane T Dennis President (part year) Chairman, CEO 286104 0 60400 0 10442 0 40500 0 27088 0 424534 0 0 0 Josh Dennis President, Chief Comm. Officer 195481 0 27230 0 704 0 11586 0 30710 0 265711 0 0 0 Dane Ortlund Chief Publishing Officer 188859 0 27230 0 163 0 11087 0 29828 0 257167 0 0 0 Anthony Gosling Chief Operating Officer 182223 0 27230 0 699 0 11087 0 33996 0 255235 0 0 0 Justin Taylor Exec. VP Book Publishing 182823 0 27230 0 160 0 11071 0 33049 0 254333 0 0 0 Paul Thomas Sr. VP Finance & Asst. Treasurer 178284 0 17891 0 6370 0 10840 0 32961 0 246346 0 0 0 Dan Kok Sr. VP Operations & Asst. Secretary 178355 0 17891 0 5759 0 10540 0 29889 0 242434 0 0 0 Randall D Jahns Sr. VP Ministry and Licensing 177205 0 17891 0 1921 0 10840 0 34039 0 241896 0 0 0 Donald Jones Exec. VP Production 169422 0 15901 0 131 0 10176 0 28516 0 224146 0 0 0 Daniel Bush Exec. VP Sales 165690 0 15777 0 714 0 8819 0 32117 0 223117 0 0 0 Andrew Tebbe Exec. VP of Communications 145217 0 7202 0 500 0 9195 0 33116 0 195230 0 0 0 Raymond Elliott Director of Digital Production 128977 0 500 0 238 0 8359 0 33461 0 171535 0 0 0 Robert Ratleph Director of Digital 128793 0 500 0 83 0 8374 0 33029 0 170779 0 0 0 Mark Hendrie Director of Information Technology 125258 0 500 0 228 0 8185 0 32771 0 166942 0 0 0 Dave DeWit VP of Book Publishing 134792 0 6786 0 683 0 6752 0 2252 0 151265 0 0 0 Part I, Line 1a Travel for companions - Airfare was provided for spousal travel to the following employees that were officers/board members: Daniel Bush (Officer) and Josh Dennis (Officer/Board Member). This benefit was included in taxable compensation on the 2019 W2 for the listed officers/board member. Airfare was provided for spousal travel to the following board members: Jon Dennis and Wayne Grudem. This benefit was included in the 1099 box 7 non-employee compensation for 2019 for the listed board members. Lane Dennis Family member of M. Ebeth Dennis, Secretary 332084 W-2 wages and benefits 0 Josh Dennis Family member of Lane T. Dennis, Chairman and M. Ebeth Dennis, Secretary 257553 W-2 wages and benefits 0 Daniel Bush Family member of Lane T. Dennis, Chairman and M. Ebeth Dennis, Secretary 212691 W-2 wages and benefits 0 M Ebeth Dennis Family member of Lane T. Dennis, Chairman 116853 W-2 wages and benefits 0 Janna Gosling Family member of Anthony Gosling, Officer 76445 W-2 wages and benefits 0 Matthew Gosling Family member of Anthony Gosling, Officer 68351 W-2 wages and benefits 0 Lorraine Gosling Family member of Anthony Gosling, Officer 58809 W-2 wages and benefits 0 Nicole Gosling Family member of Anthony Gosling, Officer 51857 W-2 wages and benefits 0 Elizabeth Dennis Family member of Lane T. Dennis, Chairman and M. Ebeth Dennis, Secretary 47860 W-2 wages and benefits 0 April Jenay Moore Family member of Lane T. Dennis, Chairman and M. Ebeth Dennis, Secretary 28348 W-2 wages and benefits 0 Avery Dennis Family member of Lane T. Dennis, Chairman and M. Ebeth Dennis, Secretary 20650 W-2 wages and benefits 0 Form 990, Part VI, Section A, line 2 Lane T. Dennis, M. Ebeth Dennis, Josh Dennis, Jon Dennis, and Daniel Bush - Family Relationship Form 990, Part VI, Section B, line 11b Good News Publishers' Form 990 is prepared by an independent CPA firm and reviewed in detail and approved by the Senior Vice President of Finance & Assistant Treasurer and the President. The Board of Directors and Audit Committee members are provided with a copy of Form 990 to review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Good News has a conflict of interest policy in place which requires each officer and board member to sign a conflict of interest form each year. The signed statements are reviewed by the Senior Vice President of Finance & Assistant Treasurer. The Chief Operating Officer reviews the Senior Vice President of Finance & Assistant Treasurer's signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Good News utilizes industry comparable data from multiple sources to recommend salary and bonus figures for management. This information is then compiled, and recommendations for all officers, as well as a general percentage increase for all other employees, are submitted to the compensation committee. The compensation committee reviews, discusses, has the ability to change recommendations, and then approves the submission, which in turn is brought to the full board by way of recommendation of the compensation committee. The full board then takes the recommendation, has further discussion if necessary, and then approves the recommendation from the compensation committee. Compensation committee members (and any family members on the board) who are also compensated officers are excused from the part of the meeting that would cover any discussion over compensation or bonuses. The decisions regarding compensation are then documented in the minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are all available upon request. American Tract Society 1300 Crescent Street Wheaton IL 60187 010633272 Bible publishing and distribution IL 501(c)(3) Line 7 Good News Publishers 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 American Tract Society N American Tract Society O