Christian Chronicle Corporation
- Assets
- $2.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Oklahoma City, OK
- Founding
- 08/1977
- Data as of
- 05/2020
- EIN
- 73-1018264
Organization Overview
Christian Chronicle Corporation is located in Oklahoma City, OK. The organization was established in 1977. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Christian Chronicle Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Chronicle Corporation 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 05/2020, Christian Chronicle Corporation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.2m during the year ending 05/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CHRISTIAN CHRONICLE IS AN OKLAHOMA NONPROFIT SINCE 1981 THAT PUBLISHES A MONTHLY NEWSPAPER FOR THE CHURCH OF CHRIST AND MAINTAINS A NEWS WEBSITE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED FOR THE PUBLISHING OF A MONTHLY RELIGIOUS NEWSPAPER, THE CHRISTIAN CHRONICLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Tryggestad President, CEO & Editor | Officer | 40 | $95,740 |
Dr Mark Brewer Chairman | OfficerTrustee | 1 | $0 |
David Seat Secretary | OfficerTrustee | 1 | $0 |
Dr David Duncan Vice-Chair | OfficerTrustee | 1 | $0 |
Marc Compton Executive Committee | Trustee | 1 | $0 |
Dr Lynn Mitchell Executive Committee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gatehouse Publishing Printing | 5/30/22 | $100,708 |
Zachry Associates Inc Fundraising | 5/30/22 | $189,892 |
Postmaster Postage | 5/30/22 | $258,065 |
Gannett Publishing Printing | 5/30/22 | $166,577 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,281 |
| Investment income | $41,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,297,343 |
| Statement of Expenses | |
|---|---|
| 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. | $160,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,460 |
| Pension plan accruals and contributions | $18,951 |
| Other employee benefits | $29,942 |
| Payroll taxes | $23,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $651 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $155,549 |
| Fees for services: Investment Management | $17,222 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,215 |
| Office expenses | $589,474 |
| Information technology | $15,855 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,220,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,731 |
| Savings and temporary cash investments | $1,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,626,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,045,077 |
| Accounts payable and accrued expenses | $303 |
| Grants payable | $0 |
| Deferred revenue | $1,755 |
| 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 | $36,967 |
| Total liabilities | $39,025 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,006,052 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Christian Chronicle Corporation has recieved totaling $10,931.
| Awarding Organization | Amount |
|---|---|
Moriah Foundation Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $10,000 |
Doug And Jayne Orr Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $431 |
Endowment Analysis
| Beg. Balance | $1,759,085 |
| Earnings | -$168,994 |
| Ending Balance | $1,590,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epochtimes Public Media Inc Houston, TX | $307,327 | $4,904,097 |
Southern Newspapers Inc Media Employeess Medical Plan Trust Houston, TX | $197,466 | $3,542,295 |
Life Christian Outreach Inc Columbia, MO | $987,065 | $3,533,207 |
International Newspaper Marketing Assoc Dallas, TX | $1,983,312 | $3,083,139 |
San Antonio Report San Antonio, TX | $504,406 | $2,163,484 |
Investigative Reporters And Editors Inc Columbia, MO | $8,372,941 | $3,252,818 |
The Texas Democracy Foundation Austin, TX | $1,291,717 | $1,907,878 |
University Press Of Colorado Denver, CO | $1,480,778 | $1,794,065 |
Oxford American Literary Project Inc Little Rock, AR | $826,347 | $1,575,021 |
Radius Books Inc Santa Fe, NM | $4,533,597 | $2,674,449 |
Texas Conservative Coalition Research Institute Austin, TX | $668,794 | $1,384,176 |
Native American Journalists Association Norman, OK | $1,160,008 | $1,560,878 |