2017-03-30T15:24:01-05:00 2016-05-31 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2015-06-01 361143987 Good News Publishers GOOD 6306824300 1300 Crescent St Wheaton IL 60187 Paul Thomas VP of Finance 6306824300 2017-03-30 1 Francis K Brown II P00465640 3178852620 2015 2021-01-29 14:40:06Z Crossway Lane Dennis 1300 Crescent St Wheaton IL 60187 35762313 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. 10 2 114 8 0 0 1224391 923101 151780 57603 0 0 16509678 19391956 17885849 20372660 80000 281476 0 0 8270178 9301938 0 0 216461 7197166 8696506 15547344 18279920 2338505 2092740 20516644 21803274 6497558 5691448 14019086 16111826 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 8738249 281476 10317486 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 3.3 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, promotion, and printing projects overseas in the amount of $281,476. 4972195 0 7125109 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 2.1 milliion 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. 536781 773401 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 matericals such as audio books and videos. Altogether, over 22.5 million tracts and calendar cards, as well as over 48,000 other evangelistic materials, were distributed both domestically and internationally by way of sales and free distribution. The free distribution of tracts were given to a variety of churches, individuals, and ministries primarily within the United States. 14247225 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 479 0 1 114 1 0 0 0 0 0 0 0 0 0 0 X 10 2 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 AK CO FL GA HI IL MD ME MI MN MS NC NH NM NY PA RI SC TN VT VA WA WV WI X Paul Thomas 6306824300 1300 Crescent St Wheaton IL 60187 Lane T Dennis Chairman, President, CEO, CPO 40.00 1.00 X X 398708 0 19896 M Ebeth Dennis Co-CEO, Secretary 20.00 1.00 X X 93633 0 1000 Josh Dennis Exec. VP Creative 40.00 0.25 X X 187144 0 16492 James Fellowes Treasurer 5.00 1.00 X X 0 0 0 R Kent Hughes Board Member 5.00 0.25 X 6920 0 0 Jon Dennis Board Member 5.00 0.25 X 2200 0 0 Wayne Grudem Board Member 5.00 0.25 X 5963 0 0 Mike Parker Board Member 5.00 0.25 X 0 0 0 Paul House Board Member 5.00 0.25 X 14449 0 0 Niel Nielson Board Member 5.00 0.25 X 0 0 0 Randall D Jahns Sr. VP Bible Ministry/Licensing 40.00 X 186207 0 14704 Dan Kok Sr. VP Oper. & Asst. Secretary 40.00 X 190055 0 17974 Paul Thomas Sr. VP Finance & Asst. Treasurer 40.00 X 184405 0 21074 Justin Taylor Exec. VP Book Publishing/Publisher 40.00 X 189194 0 22480 Dane Ortlund Exec. VP Bible Publishing/Publisher 40.00 X 188118 0 15355 Anthony Gosling Exec. VP of Business Operations 40.00 X 170681 0 15459 Mark Hendrie Director Information Technology 40.00 X 112065 0 17608 Raymond Elliott Exec. Director Digital Production 40.00 X 117199 0 16575 Daniel Bush VP Sales 40.00 X 112631 0 15410 Donald Jones VP Bible Publishing 40.00 X 112456 0 13897 Thomas MacAdam part year Exec. Dir. Advancement/Communication 40.00 X 177479 0 14390 2449507 0 222314 14 0 1 0 Donnelley Receivables Inc 7810 Solutino Center Chicago IL 60677 Printing 2820208 Versa Press Inc 1465 Spring Bay Rd East Peoria IL 61611 Printing 1060083 ABS Graphics Inc 900 North Rohlwing Road Itasca IL 60143 Printing 784454 Lake Book Manufacturing Inc 2085 Cornell Ave Melrose Park IL 60160 Printing 587026 UPS Lock Box 577 Carol Stream IL 60132 Shipping 578189 16 392000 531101 923101 Other program revenue 900099 57603 57603 57603 1233563 1233563 33548046 15389653 18158393 18158393 20372660 18215996 0 1233563 281476 281476 2150283 1006319 1112805 31159 15390 13343 1575 472 5087830 4414887 517842 155101 283991 283991 1251308 963507 287801 513136 399520 101715 11901 143853 143853 66901 66901 1323328 1192097 131231 1852563 1830714 21849 421581 210585 207761 3235 135530 135530 248335 248335 565852 503292 58835 3725 580708 331149 249559 449884 449884 13413 13413 590732 537900 47288 5544 179374 156475 20496 2403 Ministry projects 1004045 1004045 Shipping & Mailing 567330 512958 54336 36 Research & development 168581 147061 19262 2258 Bad debt 118957 118957 265539 43678 221234 627 18279920 14247225 3816234 216461 59844 397969 2800240 25000 70000 4530593 4944948 8307800 6168123 1245682 1111145 10204651 4494503 5660269 5710148 687456 600701 20516644 21803274 2889788 2767565 3007015 2186045 600755 737838 6497558 5691448 X 12495556 15098731 1073530 563095 450000 450000 14019086 16111826 20516644 21803274 2092740 0 X X 0 1 X 1 0 X 702993 729373 678424 1224391 531101 3866282 26598684 26295762 27685965 29238720 33605649 143424780 27301677 27025135 28364389 30463111 34136750 147291062 103300 2550 42050 17208 165108 12861980 11752451 16900667 18214010 20919264 80648372 12965280 11752451 16903217 18256060 20936472 80813480 66477582 968321 995806 931634 1138068 1233563 5267392 968321 995806 931634 1138068 1233563 5267392 763225 210907 78244 1052376 28269998 28784166 29506930 31679423 35370313 153610830 0.43280 0.47780 0.03430 0.03490 X Schedule A, Part III, Line 12, Explanation of Other Income: Insurance Proceeds - 2012 Amount: $ 763,225. 2013 Amount: $ 210,907. 2014 Amount: $ 78,244. 2015 Amount: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1124 1124 1124 1124 1798 1349 3147 1798 1798 2922 2922 1.00000 0 0 727700 727700 6491516 2570653 3920863 2315936 1254351 1061585 669499 669499 0 5710148 Accrued royalties 737838 737838 X Part V, Line 4: 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 prior year balances have been corrected to reflect the cash being spent but the donor not yet releasing their restriction. Becasue of this, the endowment fund does still exist. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of May 31, 2016 and 2015, Good News had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Good News files information tax returns in the U.S. and various states. Good News is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2013. 1 Europe (Including Iceland & Greenland) 0 0 Grants to recipients located in region 281476 Europe (Including Iceland & Greenland) 0 0 Program services Bible distribution; Meetings with publishers,printers, authors; book fair 164889 South Asia 0 0 Program services Bible distribution, Meetings, visits to Bible societies 459211 Sub-Saharan Africa 0 0 Program services Bible distribution 146005 East Asia and the Pacific 0 0 Program services Bible distribution, visit with publishing partner, video project 30956 Middle East and North Africa 0 0 Program services Bible distribution 16154 0 0 0 0 0 0 1098691 0 1098691 Europe (Including Iceland & Greenland) - Bible translation, development, and promotion 192300 Wire transfer Europe (Including Iceland & Greenland) - Bible translation, development, and promotion 89176 Wire transfer 2 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 in 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. X 0 1 X X X X 1 0 0 0 0 0 0 0 0 Lane T Dennis Chairman, President, CEO, CPO 295327 0 91181 0 12200 0 11400 0 9033 0 419141 0 0 0 Josh Dennis Exec. VP Creative 160699 0 24897 0 1548 0 7096 0 10158 0 204398 0 0 0 Randall D Jahns Sr. VP Bible Ministry/Licensing 159204 0 24897 0 2106 0 7166 0 8300 0 201673 0 0 0 Dan Kok Sr. VP Oper. & Asst. Secretary 155350 0 24897 0 9808 0 6678 0 12058 0 208791 0 0 0 Paul Thomas Sr. VP Finance & Asst. Treasurer 152700 0 24897 0 6808 0 7128 0 14708 0 206241 0 0 0 Justin Taylor Exec. VP Book Publishing/Publisher 162536 0 24897 0 1761 0 6942 0 16300 0 212436 0 0 0 Dane Ortlund Exec. VP Bible Publishing/Publisher 159676 0 24897 0 3545 0 6957 0 9159 0 204234 0 0 0 Anthony Gosling Exec. VP of Business Operations 142691 0 22492 0 5498 0 5064 0 11093 0 186838 0 0 0 Thomas MacAdam part year Exec. Dir. Advancement/Communication 48244 0 7500 0 121735 0 6764 0 8188 0 192431 0 0 0 Part I, Line 1a Travel for companions - Airfare was provided for spousal travel to the following board members and officers: Joshua Dennis, Dane Ortlund, and Anthony Gosling. This benefit was included in taxable compensation on the 2015 W2's for the listed board members and officers. Part I, Line 4a Tom MacAdam received a separation from services payment of $106,201. Daniel Bush Pres. son-in-law 133076 W-2 wages 0 April Jenay Moore Pres. daughter 54961 W-2 wages 0 Lane Dennis See Part V 461306 W-2 wages and benefits 0 M Ebeth Dennis See Part V 102761 W-2 wages and benefits 0 Josh Dennis See Part V 225510 W-2 wages and benefits 0 Nicole Gosling Family member of Anthony Gosling, Officer 31156 W-2 wags 0 Lorraine Gosling Family member of Anthony Gosling, Officer 26295 W-2 wages 0 Schedule L, Part IV Lane Dennis, M. Ebeth Dennis, Josh Dennis, Jon Dennis, and Mike Parker have a family relationship. Form 990, Part VI, Section A, line 2 Lane T. Dennis, M. Ebeth Dennis, Josh Dennis, Jon Dennis, and Mike Parker - Family Relationship Form 990, Part VI, Section A, line 4 The board made minor administrative changes to the bylaws concerning officers who are authorized to sign checks all in accord with applicable controls recommended by the corporation's auditors. Form 990, Part VI, Section B, line 11 Good News Publishers' Form 990 is prepared by an independent certified public accounting firm. The President reviews and approves the return. The Board of Directors and Audit Committee members are provided with a copy of the Form 990 to review before it is filed. 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. 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. Form 990, Part VI, Section B, Line 14 Crossway has followed a general policy of compliance with government regulations regarding document retention and destruction. A formal document retention and destruction policy was adopted by the Crossway board on August 10, 2016. Form 990, Part XII, Line 2c The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. American Tract Society 1300 Crescent Street Wheaton IL 60187 010633272 Bible publishing and distribution IL 501(c)(3) Line 7 Good News Publishers 0 American Tract Society 1300 Crescent Street Wheaton IL 60187 131628146 Tract publishing NY 501(c)(3) Line 9 Good News Publishers 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 American Tract Society C American Tract Society N American Tract Society O