FREE WILL BAPTIST PRESS FOUNDATION

EIN: 560554224 501(c)(3) Religion

AYDEN, NC

Total Revenue
$493,221
Total Expenses
$416,895
Total Assets
$534,535
Net Assets
$431,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NC
Phone
2527466128
Tax Period
2024-07-01 to 2025-06-30

FREE WILL BAPTIST PRESS FOUNDATION, founded in 1964, is a small nonprofit in the Religion sector that reported $493K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $76K, a strong 15% operating margin.

Mission

THE ORGANIZATION OPERATES TO PROVIDE LOW COST PRINTED RELIGIOUS MATERIALS TO CHURCHES IN THE ORIGINAL FREE WILL BAPTIST CONVENTION AS WELL AS TO THE CONVENTION ITSELF, SUNDAY SCHOOL GROUPS, OFWB MINISTIRES AND OTHER ORGANIZATIONS AND INVIDUALS FOR USE IN RELIGIOUS ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,591
Program Service Revenue $0
Investment Income $29
Other Revenue $473,601
TOTAL REVENUE $493,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,728
Fundraising Expenses $0
Program Expenses $294,717
Other Expenses $173,167
TOTAL EXPENSES $416,895

Year-over-Year Comparison

2024 2023 Change
Revenue $493,221 $548,651 -0.1%
Expenses $416,895 $441,777 -0.1%
Net Income $76,326 $106,874 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
9
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
4
$170,800
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARREN DAVENPORT VICE-PRESIDENT COO 40.00
Officer
$57,600 $0 $57,600
JERRY GOFF ASST VICE-PRESIDENT 40.00
Officer
$51,750 $0 $51,750
JOHN HILL JR PRESIDENT CEO 40.00
Officer
$45,850 $0 $45,850
J RICHARD WATSON VICE-PRESIDENT CFO 8.00
Officer
$15,600 $0 $15,600
KELLEY SMART CHAIRMAN 0.00
Director
$0 $0 $0
MELINDA EDWARDS SECRETARY 0.00
Director
$0 $0 $0
JOSEPH BALLANCE DIRECTOR 0.00
Director
$0 $0 $0
MARILYN BENTON DIRECTOR 0.00
Director
$0 $0 $0
STEPHEN PRESCOTT DIRECTOR 0.00
Director
$0 $0 $0
BARRY STALLINGS DIRECTOR 0.00
Director
$0 $0 $0
BRADLY PINER DIRECTOR 0.00
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
2025 $493,221 $416,895 $534,535 $76,326
2024 $548,651 $441,777 $411,709 $106,874
2023 $488,712 $403,501 $431,504 $85,211
2022 $471,357 $404,797 $381,815 $66,560
2021 $399,850 $422,124 $363,159 $-22,274
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