The R H Boyd Company
- Assets
- $12.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Nashville, TN
- Founding
- 09/1999
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, R H Boyd Company generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. 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
2022
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 T L Brown Director | Trustee | 1 | $4,000 |
Dr David Groves Director | Trustee | 40 | $180,748 |
Dr Matthew Alix Director | Trustee | 1 | $4,000 |
Mrs Yvette Boyd Director | Trustee | 1 | $88,500 |
Veronica Marable Johnson Director | Trustee | 1 | $4,000 |
Dr Ladonna Boyd President/ceo | Officer | 1 | $4,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Don Kennedy Roofing Building Repairs | 12/30/18 | $234,411 |
Lithographics Inc Printing And Related | 12/30/18 | $212,267 |
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 | $119,986 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,986 |
| Total Program Service Revenue | $0 |
| Investment income | $92,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $365,096 |
| Net Gain/Loss on Asset Sales | -$9,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,875,404 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,444,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $469,994 |
| Grants and other assistance to domestic individuals. | $26,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $285,748 |
| Compensation of current officers, directors, key employees. | $104,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,653 |
| Pension plan accruals and contributions | $16,000 |
| Other employee benefits | $45,111 |
| Payroll taxes | $63,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,382 |
| Fees for services: Accounting | $138,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $875,843 |
| Advertising and promotion | $100,446 |
| Office expenses | $294,178 |
| Information technology | $316,735 |
| Royalties | $0 |
| Occupancy | $344,015 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,332 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,485 |
| Insurance | $59,865 |
| All other expenses | $22,917 |
| Total functional expenses | $4,108,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,507 |
| Savings and temporary cash investments | $7,036,296 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,272,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $492,113 |
| Prepaid expenses and deferred charges | $30,655 |
| Net Land, buildings, and equipment | $2,505,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,167,571 |
| Total assets | $12,941,535 |
| Accounts payable and accrued expenses | $700,303 |
| 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 | $274,485 |
| Total liabilities | $974,788 |
| Net assets without donor restrictions | $11,806,796 |
| Net assets with donor restrictions | $159,951 |
| 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 | $12,941,535 |
Grants Awarded
Over the last fiscal year, The R H Boyd Company has awarded $235,020 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL BAPTIST SUNDAY SCHOOL AND BAPTIST TRAINING UNION CONGRESS PURPOSE: SUNDAY SCHOOL CONVENTION | $47,520 |
NATIONAL MUSEUM OF AFRICAN AMERICAN MUSIC PURPOSE: CAPITAL CAMPAIGN | $187,500 |