Wordalone Ministries
- Assets
- $484.8k
- Revenue
- $389.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Graham, NC
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 41-1961561
Organization Overview
Wordalone Ministries, operating under the name Sola Publishing, is located in Graham, NC. The organization was established in 2000. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Sola Publishing employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sola Publishing 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, Sola Publishing generated $389.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $329.6k during the year ending 12/2022. 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
THE ORGANIZATION'S MISSION IS TO PROVIDE RESOURCES AND SERVICES FOR PREACHING, TEACHING AND CONFESSING JESUS CHRIST AS GOD'S WORD ALONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLA PUBLISHING PROVIDES HIGH QUALITY BIBLICAL AND CONFESSIONAL LUTHERAN EDUCATIONAL MATERIALS FOR ADULTS AND CHILDREN AT AN AFFORDABLE COST, EMPHASIZING ITS ROLE AS A NON-PROFIT MINISTRY RATHER THAN BEING A COMMERCIAL PUBLISHER. BY PROVIDING SOLID BIBLICAL RESOURCES WITH A CONFESSIONAL LUTHERAN FOCUS, SOLA SEEKS TO GIVE PEOPLE A DEEPER APPRECIATION FOR THE DISTINCTIVE LUTHERAN FOCUS ON GOD'S USE OF THE SCRIPTURES TO BRING ABOUT REPENTANCE AND FAITH IN JESUS CHRIST. OUR MATERIALS ARE USED BY CONGREGATIONS ACROSS THE COUNTRY BENEFITING HUNDREDS OF INDIVIDUALS.
SOLA PUBLISHING'S REGULAR PERIODICAL IS A BI-MONTHLY MAGAZINE CALLED "CONNECTIONS." AS AN EMERGING VOICE FOR CONFESSIONAL LUTHERANISM INNORTH AMERICA, CONNECTIONS FEATURES STORIES AND ARTICLES ON THE MINISTRIES AND MISSION EFFORTS OF OUR CONSTITUENCY, WHICH INCLUDES MEMBERS OF VARIOUS CHURCH BODIES AND GROUPS (LCMC, NALC, CALC, LUTHERAN CORE, ETC.). IT ALSO PROVIDES RELIABLE, BIBLICALLY BASED CONTENT, STORIES OF FAITH, AND INSPIRATIONAL MESSAGES ALL IN A "COFFEE TABLE QUALITY" PACKAGE THAT DELIGHTS ITS SUBSCRIBERS. CONNECTIONS HAS A DEEP COMMITMENT TO THE EVANGELICAL NATURE OF LUTHERANISM SO THAT WE RESPOND WITH VIGOR TO CHRIST'S GREAT COMMISSION TO GO AND MAKE DISCIPLES.
A NUMBER OF WEBSITES ARE SPONSORED THROUGH THE LARGER MINISTRY OFWORDALONE AND SOLA PUBLISHING. THE MAIN SOLA WEBSITE: HTTP://WWW.SOLAPUBLISHING.ORG IS THE PRIMARY SITE FOR OUR ONLINE BUSINESS, WITH OUR FULL CATALOG OF PRODUCTS AVAILABLE FOR SALE ON THE SITE ITSELF, OR BY CALLING IN TO OUR CUSTOMER REPRESENTATIVE. THE SITE GIVES INFORMATION ABOUT SOLA PUBLISHING AND ITS MATERIALS, AS WELL AS FEATURING A DAILY DEVOTIONAL ARTICLE. MANY CONGREGATIONAL RESOURCES ARE ALSO FREELY DISTRIBUTED THROUGH THIS WEBSITE. BUILT AS A SUBSCRIBER-ONLY MODULE ON THIS SAME SITE IS THE SOLA ONLINE WORSHIP E-RESOURCES (SOWER AND SEED), WHICH FEATURES A WEALTH OF WORSHIP-SUPPORT AND ELECTRONIC EDUCATION MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dj Lura Board Chair | OfficerTrustee | 2 | $0 |
Marney Fritts Vice Chair | OfficerTrustee | 2 | $0 |
Jay Weygandt Treasurer | OfficerTrustee | 2 | $0 |
Carl Haynes Secretary | OfficerTrustee | 2 | $0 |
Jon Jensen Board Member Thru 03.23 | Trustee | 2 | $0 |
Steven King CEO | OfficerTrustee | 40 | $49,509 |
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 | $93,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,802 |
| Total Program Service Revenue | $0 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$559 |
| 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 | $296,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $389,493 |
| 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. | $76,726 |
| Compensation of current officers, directors, key employees. | $11,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,464 |
| Payroll taxes | $4,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158 |
| Fees for services: Accounting | $2,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,134 |
| Advertising and promotion | $4,455 |
| Office expenses | $1,105 |
| Information technology | $8,650 |
| Royalties | $1,245 |
| Occupancy | $1,605 |
| Travel | $2,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,305 |
| Interest | $1,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,238 |
| Insurance | $7,798 |
| All other expenses | $13,428 |
| Total functional expenses | $329,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,511 |
| Savings and temporary cash investments | $27,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $170,040 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $117,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,685 |
| Other assets | $0 |
| Total assets | $484,809 |
| Accounts payable and accrued expenses | $7,316 |
| 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 | $77,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,524 |
| Net assets without donor restrictions | $400,285 |
| Net assets with donor restrictions | $0 |
| 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 | $484,809 |