Ancient Faith Ministries Formerly Conciliar Media Ministries

EIN: 331061947 501(c)(3) Religion

Chesterton, IN

Total Revenue
$3,793,812
Total Expenses
$3,692,039
Total Assets
$2,120,935
Net Assets
$1,895,923
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
Principal Officer
Melinda Johnson
Phone
8009677377
Tax Period
2024-01-01 to 2024-12-31

Ancient Faith Ministries Formerly Conciliar Media Ministries, founded in 2003, is a community nonprofit in the Religion sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The organization publishes Orthodox Christian books and literature and operates three internet religious radio stations for the purpose of introducing and teaching about Orthodox Christianity to the United States and the rest of the world.

Program Service Accomplishments

Program 1
Expenses: $1,839,891 Revenue: $2,320,158

Ancient Faith Publishing publishes a large number of books, booklets and brochures with regard to various aspects of Orthodox Christianity. It also sells religious icons, religious jewelery and...

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Ancient Faith Publishing publishes a large number of books, booklets and brochures with regard to various aspects of Orthodox Christianity. It also sells religious icons, religious jewelery and liturgical items for the home. It also sells books from other publishers regarding Orthodox Christianity. Presently, Ancient Faith Publishing has approximately 240 active book titles in print in addition to E-books, audio-books and an array of literature in booklet/brochure format. Approximately 50% of its sales are to Orthodox and other Christian bookstores, churches and church bookstores. The other 50% of its sales are to individuals. It distributes Orthodox books and literature to approximately 2,000 wholesale customers (bookstores and church bookstores) as well as a number of individuals. The purpose of this distribution is to introduce Orthodox Christianity to non-ORthodox Christians and to enlighten and teach Orthodox Christians about their faith.

Program 2
Expenses: $997,864

Ancient Faith Radio operates three internet religious radio stations, two of which primarily provide music (English language and global) and the other of which primarily focuses on conversation...

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Ancient Faith Radio operates three internet religious radio stations, two of which primarily provide music (English language and global) and the other of which primarily focuses on conversation, lectures and presentations about Orthodox Christianity. The radio stations' reach is primarily in the United States, but there are regular listeners in various other countries world-wide. At the present time, with regard to its podcasts, which feature a large number of speakers on a variety of religious topics, there are over 375,000 downloads of the content every month as well as nearly 46,000 episodes of podcasts and 8 live shows. The purpose of the content for these three radio stations and all the podcasts is to introduce Orthodox Christianity to non-Orthodox Christians and to enlighten and teach Orthodox Christians about their faith.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,224,338
Program Service Revenue $0
Investment Income $-143
Other Revenue $2,569,617
TOTAL REVENUE $3,793,812

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,093,358
Fundraising Expenses $0
Program Expenses $2,837,755
Other Expenses $1,598,681
TOTAL EXPENSES $3,692,039

Year-over-Year Comparison

2024 2023 Change
Revenue $3,793,812 $3,468,406 +0.1%
Expenses $3,692,039 $3,480,814 +0.1%
Net Income $101,773 $-12,408 -9.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
26
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$135,387
Total Directors
9
$39,950
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Melinda Johnson President & CEO 40.00
Officer
$109,611 $25,776 $135,387
Robert Maddex Digital Media Dir. 40.00
$106,411 $25,812 $132,223
Nancy Colakovic Dir. of Finance 40.00
$115,313 $5,410 $120,723
John Maddex Secretary 40.00
Director
$37,700 $2,250 $39,950
Deacon Tom Braun Chairman 0.50
Director
$0 $0 $0
Father Tom Zell Trustee 0.50
Director
$0 $0 $0
Dennis Awad Trustee 0.50
Director
$0 $0 $0
Brandon Baca Trustee 0.50
Director
$0 $0 $0
Scott Davenport Trustee 0.50
Director
$0 $0 $0
Karen Sibert MD Trustee 0.50
Director
$0 $0 $0
Monica Youssef Trustee 0.50
Director
$0 $0 $0
Mark Yniguez Trustee 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,793,812 $3,692,039 $2,120,935 $101,773
2023 $3,468,406 $3,480,814 $1,981,388 $-12,408
2022 $3,097,366 $3,081,463 $2,015,644 $15,903
2021 $3,110,597 $2,307,399 $2,111,722 $803,198
2020 $2,125,102 $1,894,621 $1,302,048 $230,481
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