The Baptist Courier FY2020 filing

Tax-deductible

Greenville, SC501(c)(3)ReligionEIN 57-0334023Revenue $1.1M in FY2020

On file with the IRSbaptistcourier.com100 Manly St, 29601-3025 · Greenville, SCTax-exempt since Apr 1964Church — 170(b)(1)(A)(i)

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Source of information & inspiration to Baptists of SC through the publishing of a magazine.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$155K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $25K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$155K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$143K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$862K
To programs
71%
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$933K
FY2023$746K
FY2024$1.0M
Expenses
$862K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$862K
FY2021$895K
FY2022$940K
FY2023$1.0M
FY2024$1.1M
Net assets
$5.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$5.7M
FY2022$4.5M
FY2023$4.8M
FY2024$4.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $613K Management & general 29% · $249K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $155K paid to officers and key staff.

Part VII, Section A · reportable compensation
Editor & President
$89,798Pt VII · Sec A
Business Manager
$64,797Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Charles J Robinson SR’s $142K as Editor & President is at the 74th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Charles J Robinson SR$141,770$87,543———
James R Gray—$14,425$89,184$89,889$89,798
Christopher G Holliday$74,645$72,311$67,244$64,637$64,797

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Publishes a magazine to inform and inspire South Carolina Baptists.

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1 program · $613K · in their own filed words · FY2020
01

The Courier publishes news and features about the ministries of the South Carolina Baptist Convention and the Southern Baptist Convention. The Courier reaches the homes of approximately 25,000 Baptists in South Carolina in its print edition and approximately 30,000 online readers each month through the website.

$613Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$460K
Investment incomeLn 3$417K
Gifts and grantsLn 1h$177K
Money outPt IX
$862K
Ln 25
Programscol B$613K
Managementcol C$249K
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$267K
Total assetsLn 16$5.5M
LiabilitiesLn 26$143K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$177K
Fees for servicesLn 2g$460K
Investment incomeLn 3$417K
Other incomeLn 4–11$350
Gains on assetsLn 7$301K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$135K
SavingsLn 2$132K
Cash and savings togetherLn 1–2$267K
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$173K
Total assetsLn 16$5.5M
LiabilitiesLn 26$143K
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 57
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$295K$267K
InvestmentsLn 11–13$4.6M$5.0M
Land, buildings, equipmentLn 10c$177K$173K
Total assetsLn 16$5.1M$5.5M
LiabilitiesLn 26$161K$143K
Net assetsLn 32$4.9M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$257K$180K$77K
Other salaries and wagesLn 7$176K$123K$53K
Pension plan contributionsLn 8$17K$12K$5K
Other employee benefitsLn 9$30K$21K$9K
Payroll taxesLn 10$19K$14K$6K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$57K$57K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$12K$5K$7K
Information technologyLn 14$4K$3K$2K
OccupancyLn 16$18K$11K$7K
TravelLn 17$1K$577$692
Depreciation, depletion and amortizationLn 22$8K$5K$3K
InsuranceLn 23$7K$4K$3K
Other expenses (24a–d)Ln 24$235K$229K$6K
All other expensesLn 24e$5K$4K$1K
Total functional expensesLn 25$862K$613K$249K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.1M−$115K$4.7M 990 PDF
FY2023 $746K$1.0M−$271K$4.8M 990 PDF
FY2022 $933K$940K−$7K$4.5M 990 PDF
FY2021 $1.2M$895K$324K$5.7M 990 PDF
FY2020 Viewing $1.1M$862K$193K$5.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,054,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $197,468$177,435
I-9 Program service revenuePrior year $467,626$460,416
I-10 Investment incomePrior year $343,703$416,675
I-11 Other revenuePrior year $501$350
I-12 Total revenuePrior year $1,009,298$1,054,876
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $520,082$499,883
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $359,786$362,262
I-18 Total expensesPrior year $879,868$862,145
I-19 Revenue less expensesPrior year $129,430$192,731
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,054,876 across 7 lines filed
Lines not itemized here account for $350 of total revenue; see the IRS return.
VIII-1d Related organizations$162,271
VIII-1f All other contributions, gifts and grants$15,164
VIII-1h Total contributions, gifts and grants$177,435
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $342,708 · Unrelated business $117,708$460,416
VIII-3 Investment incomeExcluded from tax $116,079$116,079
VIII-7 Net gain or loss on sales of assetsExcluded from tax $300,596$300,596
VIII-12 Total revenueRelated to mission $342,708 · Unrelated business $117,708 · Excluded from tax $417,025$1,054,876
Part IX · Statement of functional expenses $862,145 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $179,846 · Management $77,076$256,922
IX-7 Other salaries and wagesPrograms $123,205 · Management $52,803$176,008
IX-8 Pension plan contributionsPrograms $12,068 · Management $5,172$17,240
IX-9 Other employee benefitsPrograms $21,215 · Management $9,092$30,307
IX-10 Payroll taxesPrograms $13,584 · Management $5,822$19,406
IX-11c Accounting feesManagement $12,100$12,100
IX-11f Investment management feesManagement $56,691$56,691
IX-12 Advertising and promotionPrograms $1,749$1,749
IX-13 Office expensesPrograms $5,217 · Management $6,622$11,839
IX-14 Information technologyPrograms $2,628 · Management $1,752$4,380
IX-16 OccupancyPrograms $11,073 · Management $7,382$18,455
IX-17 TravelPrograms $577 · Management $692$1,269
IX-22 Depreciation, depletion and amortizationPrograms $4,977 · Management $3,319$8,296
IX-23 InsurancePrograms $4,399 · Management $2,933$7,332
IX-24 Other expenses (24a–d)Programs $228,635 · Management $6,387$235,022
IX-24e All other expensesPrograms $3,943 · Management $1,186$5,129
IX-25 Total functional expensesPrograms $613,116 · Management $249,029 · Fundraising $0$862,145
Part X · Balance sheet $5,479,088 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $51,658$135,078
X-2 Savings and temporary cash investmentsStart of year $243,326$132,004
X-4 Accounts receivableStart of year $4,313$20,138
X-9 Prepaid expenses and deferred chargesStart of year $4,661$4,802
X-10c Land, buildings and equipment, netStart of year $177,422$172,619
X-11 Publicly traded securitiesStart of year $4,341,098$4,170,238
X-12 Other securitiesStart of year $249,146$844,209
X-16 Total assetsStart of year $5,071,624$5,479,088
X-17 Accounts payable and accrued expensesStart of year $38,011$31,146
X-19 Deferred revenueStart of year $123,423$111,830
X-26 Total liabilitiesStart of year $161,434$142,976
X-27 Net assets without donor restrictionsStart of year $4,910,190$5,334,882
X-28 Net assets with donor restrictions$1,230
X-32 Total net assets or fund balancesStart of year $4,910,190$5,336,112
X-33 Total liabilities and net assetsStart of year $5,071,624$5,479,088
Part XI · Reconciliation of net assets $5,336,112 net assets at year end
XI-1 Total revenue$1,054,876
XI-2 Total expenses$862,145
XI-3 Revenue less expenses$192,731
XI-4 Net assets at start of year$4,910,190
XI-5 Net unrealized gains (losses) on investments$233,191
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,336,112

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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