ASSOCIATED BAPTIST PRESS FOUNDATION INC

EIN: 593691741 501(c)(3) Arts, Culture & Humanities

JACKSONVILLE, FL

Total Revenue
$228,719
Total Expenses
$342,475
Total Assets
$5,302,159
Net Assets
$5,301,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
FL
Principal Officer
BILL WILSON
Phone
6042626626
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATED BAPTIST PRESS FOUNDATION INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $342K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR ASSOCIATED BAPTIST PRESS, INC., DBA BAPTIST NEWS GLOBAL.

Program Service Accomplishments

Program 1
Expenses: $342,475

PROVIDE FINANCIAL SUPPORT FOR ASSOCIATED BAPTIST PRESS, INC. IN THE AREAS OF ENDOWMENT AND OPERATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $760
Program Service Revenue $0
Investment Income $227,959
Other Revenue $0
TOTAL REVENUE $228,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $342,475
Other Expenses $342,475
TOTAL EXPENSES $342,475

Year-over-Year Comparison

2023 2022 Change
Revenue $228,719 $245,831 -0.1%
Expenses $342,475 $272,023 +0.3%
Net Income $-113,756 $-26,192 +3.3%
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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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANICE ANDERSON TRUSTEE 2.00
Director
$0 $0 $0
WALTER ASHBY TRUSTEE 2.00
Director
$0 $0 $0
CHRIS CALDWELL DIRECTOR OF 2.00
Director
$0 $0 $0
TOM CANTWELL TRUSTEE 2.00
Director
$0 $0 $0
JOHN FREEMAN TRUSTEE 2.00
Director
$0 $0 $0
JOSHUA GOOCEY TRUSTEE 2.00
Director
$0 $0 $0
HARRIET HARRAL TRUSTEE 2.00
Director
$0 $0 $0
DAN LATTIMORE TRUSTEE 2.00
Director
$0 $0 $0
MARK SANDERS CHAIRMAN 2.00
Director
$0 $0 $0
BILL WILSON TRUSTEE 2.00
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
2024 No data No data No data No data
2023 $228,719 $342,475 $5,302,159 $-113,756
2022 $245,831 $272,023 $5,054,888 $-26,192
2021 $342,404 $274,694 $6,078,482 $67,710
2020 $247,449 $261,628 $5,488,757 $-14,179
2019 $1,136 $180,965 $6,778,694 $-179,829
2019 $24,791 No data $6,778,694 No data
2018 $29,541 $210,986 $6,009,584 $-181,445
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