The R H Boyd Company
- Assets
- $14.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Nashville, TN
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 62-1784244
Organization Overview
The R H Boyd Company is located in Nashville, TN. The organization was established in 1999. 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 12/2021, R H Boyd Company employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R H Boyd Company 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 12/2021, R H Boyd Company generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R H Boyd Company has awarded 16 individual grants totaling $2,504,558. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE R.H. BOYD COMPANY'S MISSION IS TO PROVIDE BIBLICALLY SOUND LITERATURE THAT IS RELEVANT TO THE AFRICAN-AMERICAN COMMUNITY. THE COMPANY PUBLISHES CHRISTIAN LITERATURE THAT IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO REFLECT THEIR EXPERIENCES.
Describe the Organization's Program Activity:
THE COMPANY PUBLISHES LITERATURE RELEVANT TO BAPTISTS AND OTHER CHRISTIANS OF ALL DENOMINATIONS. THE CHRISTIAN LITERATURE CREATED IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO REFLECT THEIR OWN EXPERIENCES AND EXPERIENCES OF THEIR PEOPLE. THE COMPANY SERVES OVER 39,000 AFRICAN AMERICAN CHURCH CONGREGATIONS THROUGH THE DISTRIBUTION OF AUTHORED LITERATURE AND SUPPLEMENTAL PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David Groves Director | Trustee | 40 | $170,210 |
Mrs Yvette Boyd Director | Trustee | 1 | $88,500 |
Dr Ladonna Boyd President/ceo | Officer | 1 | $4,500 |
Dr Matthew Alix Director | Trustee | 1 | $4,500 |
Dr Tb Boyd III Chairman Emeritus | OfficerTrustee | 1 | $4,000 |
Dr T L Brown Director | Trustee | 1 | $4,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lithographics Inc Printing And Related | 12/30/18 | $212,267 |
Don Kennedy Roofing Building Repairs | 12/30/18 | $234,411 |
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 | $154,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,631 |
| Total Program Service Revenue | $0 |
| Investment income | $119,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $303,018 |
| Net Gain/Loss on Asset Sales | $2,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,064,969 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,644,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $286,620 |
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,710 |
| Compensation of current officers, directors, key employees. | $116,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,592 |
| Pension plan accruals and contributions | $15,501 |
| Other employee benefits | $48,098 |
| Payroll taxes | $51,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,809 |
| Fees for services: Accounting | $177,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $728,941 |
| Advertising and promotion | $108,899 |
| Office expenses | $270,477 |
| Information technology | $245,531 |
| Royalties | $0 |
| Occupancy | $334,525 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,183 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,665 |
| Insurance | $74,167 |
| All other expenses | $21,546 |
| Total functional expenses | $3,320,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,370 |
| Savings and temporary cash investments | $9,185,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $208,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $560,008 |
| Prepaid expenses and deferred charges | $3,500 |
| Net Land, buildings, and equipment | $2,568,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,310,448 |
| Total assets | $13,997,405 |
| Accounts payable and accrued expenses | $523,301 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,655 |
| Total liabilities | $651,956 |
| Net assets without donor restrictions | $13,224,035 |
| Net assets with donor restrictions | $121,414 |
| 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 | $13,997,405 |
Grants Awarded
Over the last fiscal year, The R H Boyd Company has awarded $235,020 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: CAPITAL CAMPAIGN | $187,500 |
Nashville, TN PURPOSE: SUNDAY SCHOOL CONVENTION | $47,520 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The R H Boyd Company has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR THE MATCHING GRANT CHALLENGE FOR THE BOYD HOUSE FUND | $25,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ewtn News Inc Irondale, AL | $1,918,192 | $16,381,481 |
Gods World Publications Inc Asheville, NC | $5,264,725 | $11,160,512 |
Oak Spring Garden Foundation Upperville, VA | $320,424,904 | $24,563,668 |
National Catholic Reporter Publishing Company Kansas City, MO | $17,137,826 | $9,019,634 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Arlington Catholic Herald Inc Arlington, VA | $2,675,214 | $2,744,696 |
Truth For Today World Mission School Inc Searcy, AR | $8,904,427 | $4,531,764 |
St Louis Jewish Light St Louis, MO | $821,508 | $1,121,152 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Presbyterian Outlook Found Inc Richmond, VA | $657,059 | $780,760 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |