2017-05-15T07:17:10-05:00 2016-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2015-07-01 560538016 GOD'S WORLD PUBLICATIONS INC GODS 8282538063 POST OFFICE BOX 2330 ASHEVILLE NC 28802 KEVIN MARTIN CEO 8282538063 2017-05-11 1 AMY BIBBY P00445891 8282542254 2017-05-11 2015 2021-01-29 14:40:06Z KEVIN MARTIN 12 ALL SOULS CRESCENT ASHEVILLE NC 28803 9973516 0 X WWW.GWPUB.COM X 1942 NC PUBLICATION OF RELIGIOUS NEWS, JOURNALS, AND MATERIALS 11 8 74 0 1463379 6329 2996896 3466273 6583085 6526093 64377 548 94797 -33685 9739155 9959229 59576 59036 0 0 4369508 4064872 0 0 356349 5257134 5605629 9686218 9729537 52937 229692 2251896 2645766 4397744 4561922 -2145848 -1916156 TO REPORT, INTERPRET, AND ILLUSTRATE THE NEWS IN A TIMELY, ACCURATE, ENJOYABLE, AND ARRESTING FASHION FROM A PERSPECTIVE COMMITTED TO THE BIBLE AS THE INERRANT WORD OF GOD. 0 0 7760611 59036 5020133 AS A JOURNALISTIC ENTERPRISE, GOD'S WORLD PUBLICATIONS, INC. PROVIDED DIRECT REPORTING ON NEWS AND HUMAN INTEREST STORIES WHICH ARE IMPORTANT TO OUR SUBSCRIBERS. IN 2015 WE INCREASED OUR COVERAGE, PARTICULARLY ON OUR DIGITAL AND RADIO PLATFORMS. OUR JOURNALISM TRAINING PROGRAM, WORLD JOURNALISM INSTITUTE (WJI), CONTINUED TRAINING ASPIRING JOURNALISTS IN RESIDENTIAL CLASSES DURING FISCAL YEAR 2016.WITH OUR CHILDREN'S NEWS PRODUCTS, WE DRAMATICALLY INCREASED OUR COVERAGE, PARTICULARLY IN DIGITAL FORMATS, TO ADDRESS THE NEEDS OF OUR MEMBERS AND CHILDREN. 7760611 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 145 0 1 74 1 1 1 0 0 0 0 0 0 0 0 0 X 11 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X JUDY RUSSELL 8282538063 12 ALL SOULS CRESCENT ASHEVILLE NC 28803 JOHN WARD WEISS CHAIRMAN 1.00 1.00 X X 0 0 0 WILLIAM H NEWTON III VICE CHAIRMAN 1.00 1.00 X X 0 0 0 DAVID STRASSNER SECRETARY 1.00 1.00 X X 0 0 0 HOWARD A MILLER JR BOARD MEMBER 1.00 1.00 X 0 0 0 KEVIN P CUSACK BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID SKEEL BOARD MEMBER 1.00 1.00 X 0 0 0 RUSSELL B PULLIAM BOARD MEMBER 1.00 1.00 X 0 0 0 MARIAM BELL BOARD MEMBER 1.00 1.00 X 0 0 0 LADEINE THOMPSON BOARD MEMBER 1.00 1.00 X 0 0 0 DR RAYMON F THOMPSON BOARD MEMBER 1.00 1.00 X 0 0 0 DR PETER LILLBACK BOARD MEMBER 1.00 X 0 0 0 KEVIN MARTIN CEO/INTERIM TREASURER 40.00 X 127475 0 19577 WARREN SMITH VICE PRESIDENT 40.00 X 96667 0 0 NICKOLAS EICHER CHIEF CONTENT OFFICER 40.00 X 127309 0 14777 JONATHAN BAILIE DIRECTOR OF MARKETING 40.00 X 122232 0 13852 GREG GROPPE CHIEF INFORMATION OFFICER 40.00 X 134559 0 6398 608242 0 54604 4 0 0 0 FRY COMMUNICATIONS 800 W CHURCH ROAD MECHANICSBURG PA 17055 PRINTING & DISTRIBUTION OF MAGAZINES 794130 GRAPHIC COMMUNICATIONS 5700 DARROW ROAD SUITE 110 HUDSON OH 44236 PAPER PURCHASES FOR MAGAZINE 368601 SALEM WEB NETWORK 111 VIRGINIA ST RICHMOND VA 23219 WEB SERVICES 266748 EXPRESS SERVICES PO BOX 535434 ATLANTA GA 30353 STAFFING SERVICES 257190 IMAGE SMITH SMITH & FOX INC 19 WALDEN DR ARDEN NC 28704 WAREHOUSE SERVICES 256520 5 3466273 3466273 SUBSCRIPTION REVENUE 511120 5014188 5014188 MAGAZINE ADVERTISING 541800 1454217 0 1454217 LIST RENTAL & SHIPPING 900002 57688 48526 9162 6526093 548 548 11 11 -28294 14287 -42581 -42581 MISCELLANEOUS INCOME 511120 8885 8885 8885 9959229 5020133 1463379 9444 59036 59036 147052 132347 14705 3244840 2511788 608539 124513 125670 102174 17852 5644 253100 202445 38837 11818 294210 208954 75302 9954 32796 32796 721802 631561 5551 84690 689094 689094 2671526 2471609 109879 90038 154538 93794 60744 240502 1350 239152 109620 60736 19285 29599 183469 165521 17948 31719 31719 294892 294892 65773 22872 42901 EDITORIAL EXPENSES 355015 355015 BAD DEBT 43627 43627 MISCELLANEOUS 8781 8688 93 INCOME TAXES 2475 2475 9729537 7760611 1612577 356349 101344 277656 3666 9617 650761 568128 66025 48593 282122 243628 1639654 849723 683222 789931 12745 12776 452011 695437 2251896 2645766 514578 674609 3076736 3097466 450000 500000 356430 289847 4397744 4561922 X -2302837 -1916156 156989 0 -2145848 -1916156 2251896 2645766 229692 0 X X 0 1 X 1 0 X 1793941 2607827 2891349 2996896 3456832 13746845 5603211 5565517 5056587 4956402 5020133 26201850 211848 14917 65344 74781 8885 375775 7609000 8188261 8013280 8028079 8485850 40324470 118488 117250 86200 200900 82000 604838 0 118488 117250 86200 200900 82000 604838 39719632 5702 1065 1027 63477 559 71830 5702 1065 1027 63477 559 71830 9595 9854 3058 3400 6329 32236 7624297 8199180 8017365 8094956 8492738 40428536 0.98250 0.97350 0.00180 0.00190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133398 74781 58617 179858 100826 79032 1326398 674116 652282 789931 DIRECT MARKETING - NON-CURRENT 695288 WORLD DEFERRED FINANCING COSTS 149 695437 X 10012888 53659 53659 9959229 0 9959229 9783196 53659 53659 9729537 0 9729537 PART X, LINE 2: INCOME TAX STATUS- THE ORGANIZATION IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ANY UNRELATED BUSINESS INCOME GENERATED FROM ADVERTISING REVENUE IS TAXED AT THE APPROPRIATE CORPORATE FEDERAL INCOME TAX RATE. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2016 AND 2015. THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2016 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES NET WITH EXPENSES 39,372. COST OF GOODS SOLD 14,287. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUES NET WITH EXPENSES 39,372. COST OF GOODS SOLD 14,287. 1 SCHOLARSHIPS 28 59036 PART I, LINE 2: THE ORGANIZATION PROVIDES SCHOLARSHIPS TO CHILDREN OF EMPLOYEES TO ATTEND PRIVATE SCHOOLS. THE FUNDS ARE DISPERSED DIRECTLY TO THE EDUCATIONAL INSTITUTION TO ENSURE THE FUNDS ARE USED FOR THE INTENDED PURPOSE. WILLIAM NEWTON BOARD MEMBER TO EXPAND CIRCULATION OF THE MAGAZINE X 100000 50000 0 1 1 HOWARD MILLER BOARD MEMBER TO EXPAND CIRCULATION OF THE MAGAZINE X 200000 200000 0 1 1 RUSSELL PULLIAM BOARD MEMBER TO EXPAND CIRCULATION OF THE MAGAZINE X 200000 250000 0 1 1 500000 FORM 990, PART VI, SECTION A, LINE 1 THERE SHALL BE CONSTITUTED AN EXECUTIVE COMMITTEE AS A STANDING COMMITTEE OF THE BOARD, COMPOSED OF THE CHAIR, AND VICE CHAIR, EACH SERVING EX-OFFICIO, PLUS THREE (3) AT-LARGE MEMBERS APPOINTED ANNUALLY BY THE CHAIR SUBJECT TO RATIFICATION BY MAJORITY VOTE OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL ANNUALLY REVIEW THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE IN THE ADMINISTRATION OF THE CORPORATION, REPORTING THE RESULTS OF THE REVIEW AND MAKING RECOMMENDATIONS ON THE CHIEF EXECUTIVE OFFICER'S COMPENSATION AND CONDITIONS OF EMPLOYMENT TO THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION IN THE INTERIM OF REGULAR OR SPECIAL MEETINGS OF THE BOARD, EXCEPT IT SHALL NOT (1) AUTHORIZE ANY DIRECT OR INDIRECT TRANSFER OR MONEY OR PROPERTY, OR INCURRENCE OR INDEBTEDNESS, TO OR FOR THE BENEFIT OF DIRECTORS, OFFICERS, OR TRANSFEREES IN LIQUIDATION (OTHER THAN CREDITORS) OF THE CORPORATION; (2) APPROVE THE DISSOLUTION, MERGER, SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (3) ELECT, APPOINT, OR REMOVE DIRECTORS, OR FILL VACANCIES ON THE BOARD OF DIRECTORS OR ON ANY OF ITS COMMITTEES; OR (3) ADOPT, AMEND, OR REPEAL ANY BY-LAW OR THE ARTICLES OF INCORPORATION. THE EXECUTIVE COMMITTEE SHALL KEEP MINUTES REFLECTING ALL DECISIONS TAKEN AT ITS MEETINGS, TO BE MADE AVAILABLE TO THE FULL BOARD AT THE REGULAR OR SPECIAL MEETING OF THE BOARD NEXT FOLLOWING THE ACTION. ANY DIRECTOR MAY DISSENT FROM A DECISION TAKEN BY ANY EXECUTIVE COMMITTEE BY WRITTEN NOTICE DELIVERED TO THE CHAIR OR TO THE CHIEF EXECUTIVE OFFICER WITHIN A REASONABLE TIME AFTER BEING NOTIFIED OF THE ACTION TAKEN BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS LADEINE THOMPSON AND RAYMON F. THOMPSON - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS WHO WERE ALLOWED TO REVIEW AND MAKE COMMENTS AT LEAST TWO WEEKS PRIOR TO APPROVAL AND FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL RELATED PARTY TRANSACTIONS INVOLVING DIRECTORS, OFFICERS, OR EMPLOYEES OF THE CORPORATION MAY BE UNDERTAKEN ONLY UNDER THE FOLLOWING CONDITIONS: (1) IF MATERIAL, THE TRANSACTION IS FULLY DISCLOSED IN THE FINANCIAL STATEMENTS OF THE CORPORATION; (2) THE RELATED PARTY IS EXCLUDED FROM THE BOARD'S DISCUSSION AND APPROVAL OF THE TRANSACTION; (3) A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND (4) THE BOARD OF DIRECTORS HAS ACTED UPON THE TRANSACTION, HAVING DETERMINED IN GOOD FAITH AND UPON THE EXERCISE OF REASONABLE DUE DILIGENCE THAT THE TRANSACTION IS IN THE BEST INTERESTS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS COMPENSATION COMPARABILITY DATA, DISCUSSES AND VOTES ON COMPENSATION OF THE CEO AND OTHER TOP MANAGEMENT OFFICIALS AND DOCUMENTS THEIR DECISION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THE FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PRESBYTERIAN JOURNAL FOUNDATION INC 85 TUNNELL ROAD ASHEVILLE NC 28815 580850649 PRIVATE FOUNDATION NC 501(C)(3) PF GOD'S WORLD PUBLICATIONS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0