Good Faith Media
- Assets
- $777.8k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Norman, OK
- Founding
- 05/1986
- Data as of
- 06/2021
- EIN
- 58-1522462
Organization Overview
Good Faith Media is located in Norman, OK. The organization was established in 1986. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Good Faith Media employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Faith Media 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 06/2021, Good Faith Media generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELEVANT AND TRUSTED INFORMATION, THOUGHTFUL ANALYSIS, AND INSPIRING FEATURES, ROOTED IN THE HISTORIC BAPTIST TRADITION OF FREEDOM OF CONSCIENCE, FOR REFLECTIVE CHRISTIANS SEEKING TO LIVE OUT A MATURE FAITH IN A FAST CHANGING CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURTURING FAITH JOURNAL (A GOOD FAITH MEDIA PUBLICATION) IS AN AUTONOMOUS, NATIONAL JOURNAL OFFERING THOUGHTFUL ANALYSIS, INSPIRING FEATURES AND HELPFUL RESOURCES FOR CHRISTIAN LIVING.
BOOK PUBLISHING - PUBLICATION OF EDUCATIONAL, INSPIRATIONAL, AND HISTORICAL BOOKS BY A WIDE VARIETY OF AUTHORS.
MEDIA PRODUCTIONS - SIX (6) PODCAST SERIES, FIVE (5) VIDEO PRODUCTION PROJECTS, TWO (2) WEBINAR AND STREAMING PROJECTS, AS WELL AS MULTIPLE OTHER STAND-ALONE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pierce Executive Dir. | Officer | 40 | $117,800 |
R Mitch Randall CEO | Officer | 40 | $111,723 |
Bill Mcconnell Treasurer | OfficerTrustee | 2 | $0 |
Renee Owen Chair Elect | OfficerTrustee | 2 | $0 |
Michael Cheuk Secretary | OfficerTrustee | 2 | $0 |
Jack Glasgow Chair | OfficerTrustee | 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 | $1,757,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,757,007 |
| Total Program Service Revenue | $148,362 |
| Investment income | $3,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $42,899 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,966,334 |
| 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. | $263,374 |
| Compensation of current officers, directors, key employees. | $57,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,719 |
| Payroll taxes | $47,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,823 |
| Advertising and promotion | $13,446 |
| Office expenses | $24,539 |
| Information technology | $12,038 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,515 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,809 |
| Insurance | $12,778 |
| All other expenses | $22,480 |
| Total functional expenses | $1,275,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,399 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,230 |
| Other assets | $87,127 |
| Total assets | $777,804 |
| Accounts payable and accrued expenses | $71,128 |
| Grants payable | $0 |
| Deferred revenue | $59,064 |
| 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 | $0 |
| Total liabilities | $130,192 |
| Net assets without donor restrictions | $534,614 |
| Net assets with donor restrictions | $112,998 |
| 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 | $777,804 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Good Faith Media has recieved totaling $97.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr James Dobson Family Institute Colorado Springs, CO | $9,889,133 | $10,741,479 |
Development Associates International Colorado Springs, CO | $1,616,057 | $5,754,408 |
Ransomed Heart Ministries Colorado Springs, CO | $4,571,819 | $5,159,051 |
National Catholic Reporter Publishing Company Kansas City, MO | $17,137,826 | $9,019,634 |
Behold Israel Colorado Springs, CO | $8,079,291 | $6,143,953 |
Rhema For The Nations Inc Arlington, TX | $109,090 | $3,497,036 |
Prophecy Watchers Inc Oklahoma City, OK | $2,102,531 | $3,358,704 |
Truth For Today World Mission School Inc Searcy, AR | $8,904,427 | $4,531,764 |
The Moody Center Inc Overland Park, KS | $5,478,604 | $1,739,432 |
Good Faith Media Norman, OK | $777,804 | $1,966,334 |
St Louis Jewish Light St Louis, MO | $821,508 | $1,121,152 |
International Bible Association Dallas, TX | $1,916,333 | $274,630 |