Baptist Standard Publishing Co
- Assets
- $7.7m
- Revenue
- $700.8k
- Investments
- $7.6m
- Employees
- 4
- Location
- Plano, TX
- Founding
- 10/1939
- Data as of
- 12/2020
- EIN
- 75-0800610
Organization Overview
Baptist Standard Publishing Co is located in Plano, TX. The organization was established in 1939. 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, Baptist Standard Publishing Co employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Standard Publishing Co 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 12/2020, Baptist Standard Publishing Co generated $700.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $846.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. 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
RELIGIOUS PUBLICATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN RELIGIOUS MEDIA PROGRAMS: THE BAPTIST STANDARD PUBLISHED 4 ISSUES OF COMMONCALL IN 2021 ON A QUARTERLY BASIS. AVERAGE CIRCULATION IN 2021 WAS ABOUT 11,000 PER ISSUE. IN ADDITION, CONTENT IS POSTED TO THE ORGANIZATION'S WEBSITE AND A CURATED DIGITAL NEWSLETTER IS RELEASED WEEKLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Black Executive Director/editor/publisher | Officer | 40 | $99,781 |
Kayla Peltoma Director Of Finance & Administration | Officer | 40 | $87,735 |
Mariah Humphries Vice Board Chair | OfficerTrustee | 0 | $0 |
John Whitten Board Chair | OfficerTrustee | 0 | $0 |
Joseph Fields Director | Trustee | 0 | $0 |
Jesse Rincones Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,490 |
| Investment income | $293,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,392 |
| Net Gain/Loss on Asset Sales | $51,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,835 |
| 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. | $230,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,184 |
| Pension plan accruals and contributions | $9,441 |
| Other employee benefits | $35,949 |
| Payroll taxes | $20,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,883 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,856 |
| Advertising and promotion | $541 |
| Office expenses | $63,014 |
| Information technology | $15,629 |
| Royalties | $0 |
| Occupancy | -$16,942 |
| Travel | $7,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,183 |
| Insurance | $13,933 |
| All other expenses | $0 |
| Total functional expenses | $846,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,267 |
| Savings and temporary cash investments | $60,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,902 |
| 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 | $45,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,560,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $7,713,665 |
| Accounts payable and accrued expenses | $70,314 |
| Grants payable | $0 |
| Deferred revenue | $17,528 |
| 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 | $791,301 |
| Total liabilities | $879,143 |
| 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 | $6,834,522 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Standard Publishing Co has recieved totaling $6,194.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $6,194 |
Endowment Analysis
| Beg. Balance | $4,115,010 |
| Earnings | $529,943 |
| Net Contributions | $1,125 |
| Ending Balance | $4,646,078 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Good Faith Media Norman, OK | $777,804 | $1,966,334 |
International Bible Association Dallas, TX | $1,916,333 | $274,630 |
Lamp And Light Publishers Inc Farmington, NM | $2,028,061 | $1,091,303 |
Baptist Standard Publishing Co Plano, TX | $7,713,665 | $700,835 |
Involved International Inc Tulsa, OK | $211,399 | $633,805 |
Arkansas Baptist Newsmagazine Inc Little Rock, AR | $755,217 | $521,448 |
Jubal Band Ministries Mckinney, TX | $235,616 | $752,469 |
Gospel Minutes Publications Inc Fort Worth, TX | $75,619 | $621,953 |
Texas Impact Education Fund Austin, TX | $719,286 | $275,020 |