THE R H BOYD COMPANY

EIN: 621784244 501(c)(3) Religion

NASHVILLE, TN

Total Revenue
$2,623,972
Total Expenses
$4,514,373
Total Assets
$11,400,137
Net Assets
$10,267,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TN
Principal Officer
DR LADONNA BOYD
Phone
6153508000
Tax Period
2023-01-01 to 2023-12-31

THE R H BOYD COMPANY, founded in 1999, is a community nonprofit in the Religion sector that reported $2.6M in total revenue in fiscal year 2023. Expenses of $4.5M exceeded revenue, resulting in a 72% operating deficit.

Mission

THE R.H. BOYD COMPANY ("COMPANY") WAS FORMED IN 1999 AND BEGAN OPERATIONS IN 2000 AND IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE CODE. THE COMPANY IS AFFILIATED WITH TWO OTHER 501(C)(3) ENTITIES: THE NATIONAL BAPTIST PUBLISHING BOARD, WHICH WAS FOUNDED IN 1986, AND THE NATIONAL CONGRESS OF CONTEMPORARY CHRISTIAN TRAINING, WHICH WAS FOUNDED IN 1906. THE COMPANY PUBLISHES LITERATURE RELEVANT TO BAPTISTS AND OTHER CHRISTIANS OF ALL DENOMINATIONS. THE CHRISTIAN LITERATURE CREATED IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO REFLECT THEIR OWN EXPERIENCES AND EXPERIENCES OF THEIR PEOPLE. THE COMPANY'S MISSION IS TO PROVIDE BIBLICALLY SOUND LITERATURE THAT IS RELEVANT TO THE AFRICAN-AMERICAN COMMUNITY. IN ADDITION TO PRINTING AND PUBLISHING, THE COMPANY ALSO OFFERS A COMPLETE RANGE OF PRODUCTS FROM SUNDAY CHURCH SCHOOL LITERATURE AND VACATION BIBLE SCHOOL PROGRAMS TO LEADERSHIP DEVELOPMENT AND SMALL GROUP MINISTRY AIDS, WORKSHOPS AND HYMNALS.

Program Service Accomplishments

Program 1
Expenses: $2,679,277

THE COMPANY PUBLISHES LITERATURE RELEVANT TO BAPTISTS AND OTHER CHRISTIANS OF ALL DENOMINATIONS. THE CHRISTIAN LITERATURE CREATED IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO...

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THE COMPANY PUBLISHES LITERATURE RELEVANT TO BAPTISTS AND OTHER CHRISTIANS OF ALL DENOMINATIONS. THE CHRISTIAN LITERATURE CREATED IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO REFLECT THEIR OWN EXPERIENCES AND EXPERIENCES OF THEIR PEOPLE. THE COMPANY SERVES OVER 39,000 AFRICAN AMERICAN CHURCH CONGREGATIONS THROUGH THE DISTRIBUTION OF AUTHORED LITERATURE AND SUPPLEMENTAL PUBLICATIONS.

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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 $158,493
Program Service Revenue $0
Investment Income $154,730
Other Revenue $2,310,749
TOTAL REVENUE $2,623,972

Expense Breakdown

Grants Paid $86,136
Salaries & Benefits $1,026,660
Fundraising Expenses $0
Program Expenses $2,679,277
Other Expenses $3,401,577
TOTAL EXPENSES $4,514,373

Year-over-Year Comparison

2023 2022 Change
Revenue $2,623,972 $2,444,381 +0.1%
Expenses $4,514,373 $4,108,843 +0.1%
Net Income $-1,890,401 $-1,664,462 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
14
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
$417,272
Total Directors
5
$280,748
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR T L BROWN DIRECTOR 1.00
Director
$4,000 $0 $4,000
DR DAVID GROVES DIRECTOR 40.00
Director
$180,748 $0 $180,748
DR MATTHEW ALIX DIRECTOR 1.00
Director
$4,000 $0 $4,000
MRS YVETTE BOYD DIRECTOR 1.00
Director
$88,000 $0 $88,000
VERONICA MARABLE JOHNSON DIRECTOR 1.00
Director
$4,000 $0 $4,000
DR LADONNA BOYD PRESIDENT/CEO 1.00
Officer
$4,000 $0 $417,272
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 $2,623,972 $4,514,373 $11,400,137 $-1,890,401
2022 $2,444,381 $4,108,843 $12,941,535 $-1,664,462
2021 $1,644,843 $3,320,582 $13,997,405 $-1,675,739
2020 $3,390,866 $2,827,655 $15,345,954 $563,211
2019 $3,847,679 $4,068,343 $21,262,659 $-220,664
2018 $3,101,609 $3,788,754 $21,407,477 $-687,145
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