The Cathedral Book Store

IRS exemption revoked

Atlanta, GAUnknown exempt organizationEIN 58-0648112Revenue $169K in FY2021

On file with the IRScathedralbookstore.org2744 Peachtree Road Nw · Atlanta, GA

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Provide religious materials to the episcopal diocese of atlanta

62¢ of each $1 spent went to programs.
Run by 19 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $72K a year · 58% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $46
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$51K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$169K
+108% vs prior year
Spent
$198K
To programs
62%
Net assets
$106K
By yearFY2020–FY2021
Revenue
$169K
FY2021▲ +108%
Tap a bar for its year
Revenue by fiscal year
FY2020$81K
FY2021$169K
Expenses
$198K
FY2021▲ +0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$196K
FY2021$198K
Net assets
$106K
FY2021▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$135K
FY2021$106K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $122K Management & general 38% · $76K

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

20 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Manager
$55,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Cory Lites$55,000$53,148

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.

See The Cathedral Book Store executive salaries →

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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

Distributes religious materials to the Episcopal Diocese of Atlanta.

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Provided by the organization

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3 programs · $122K · in their own filed words · FY2021
01

We serve the cathedral of ST philip, the diocese of atlanta, and the community at large by offering for sale religious and secular merchandise such as the book of common prayer, bibles, other books, music, gifts, greeting cards, and church supplies such as hymnals, wafers, candles, and incense.

$122Kprogram expense
02

Our signature event is the annual jane baird lecture, named for the late jane baird who managed the book store for many years. The 2021 jane baird lecture was not held due to COVID-19.

Pt IX · col B
03

One of our strongest programs is the bookfellows fund. In 2020 the bookfellows raised funds but was unable to hold events due to COVID-19.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$46
Grants paid · 1 grant · $5K · 2020–2020
Cathedral of St PhilipFY2020$4,800

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$169K
Ln 12
Other incomeLn 4–11$121K
Gifts and grantsLn 1h$42K
Fees for servicesLn 2g$6K
Money outPt IX
$198K
Ln 25
Programscol B$122K
Managementcol C$76K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$157K
LiabilitiesLn 26$51K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Government grantsLn 1e$42K
Fees for servicesLn 2g$6K
Investment incomeLn 3$209
Other incomeLn 4–11$121K
Total revenueLn 12$169K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Land, buildings, equipmentLn 10c$19K
Total assetsLn 16$157K
LiabilitiesLn 26$51K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 54
VolunteersI 619
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 FY21End FY21
Cash and savingsLn 1–2$54K$31K
Land, buildings, equipmentLn 10c$14K$19K
Total assetsLn 16$173K$157K
LiabilitiesLn 26$38K$51K
Net assetsLn 32$135K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$53K$36K$18K
Other salaries and wagesLn 7$49K$33K$16K
Pension plan contributionsLn 8$6K$4K$2K
Other employee benefitsLn 9$14K$9K$5K
Payroll taxesLn 10$6K$4K$2K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$13K$8K$4K
Office expensesLn 13$24K$16K$8K
Information technologyLn 14$4K$2K$1K
TravelLn 17$4K$2K$1K
InterestLn 20$2K$1K$632
Depreciation, depletion and amortizationLn 22$3K$2K$1K
Other expenses (24a–d)Ln 24$8K$3K$5K
Total functional expensesLn 25$198K$122K$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $169K$198K−$29K$106K 990 PDF
FY2020 $81K$196K−$115K$135K 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 FY2021 990 (6 parts)
Part I · Summary $168,675 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,150$41,717
I-9 Program service revenuePrior year $5,846$5,668
I-10 Investment incomePrior year $0$209
I-11 Other revenuePrior year $73,237$121,081
I-12 Total revenuePrior year $81,233$168,675
I-13 Grants and similar amounts paidPrior year $5,721$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,549$128,687
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $63,056$69,057
I-18 Total expensesPrior year $196,326$197,744
I-19 Revenue less expensesPrior year −$115,093−$29,069
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $168,675 across 7 lines filed
Lines not itemized here account for $114,702 of total revenue; see the IRS return.
VIII-1e Government grants$41,667
VIII-1f All other contributions, gifts and grants$50
VIII-1h Total contributions, gifts and grants$41,717
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,668$5,668
VIII-3 Investment incomeExcluded from tax $209$209
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,379$6,379
VIII-12 Total revenueRelated to mission $126,749 · Unrelated business $0 · Excluded from tax $209$168,675
Part IX · Statement of functional expenses $197,744 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,609 · Management $17,539$53,148
IX-7 Other salaries and wagesPrograms $32,811 · Management $16,161$48,972
IX-8 Pension plan contributionsPrograms $4,325 · Management $2,130$6,455
IX-9 Other employee benefitsPrograms $9,303 · Management $4,582$13,885
IX-10 Payroll taxesPrograms $4,172 · Management $2,055$6,227
IX-11b Legal feesManagement $8,534$8,534
IX-11c Accounting feesManagement $2,400$2,400
IX-11g Other fees for servicesManagement $1,647$1,647
IX-12 Advertising and promotionPrograms $8,434 · Management $4,154$12,588
IX-13 Office expensesPrograms $15,987 · Management $7,874$23,861
IX-14 Information technologyPrograms $2,416 · Management $1,190$3,606
IX-17 TravelPrograms $2,479 · Management $1,221$3,700
IX-20 InterestPrograms $1,284 · Management $632$1,916
IX-22 Depreciation, depletion and amortizationPrograms $2,092 · Management $1,031$3,123
IX-24 Other expenses (24a–d)Programs $3,140 · Management $4,542$7,682
IX-25 Total functional expensesPrograms $122,052 · Management $75,692 · Fundraising $0$197,744
Part X · Balance sheet $157,091 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $54,426$30,657
X-4 Accounts receivableStart of year $2,661$4,036
X-8 Inventories for sale or useStart of year $100,816$102,985
X-9 Prepaid expenses and deferred chargesStart of year $1,437$0
X-10c Land, buildings and equipment, netStart of year $13,945$19,413
X-16 Total assetsStart of year $173,285$157,091
X-17 Accounts payable and accrued expensesStart of year $14,966$48,217
X-19 Deferred revenueStart of year $2,683$3,142
X-24 Unsecured notes and loans payableStart of year $20,835$0
X-26 Total liabilitiesStart of year $38,484$51,359
X-27 Net assets without donor restrictionsStart of year $108,951$81,382
X-28 Net assets with donor restrictionsStart of year $25,850$24,350
X-32 Total net assets or fund balancesStart of year $134,801$105,732
X-33 Total liabilities and net assetsStart of year $173,285$157,091
Part XI · Reconciliation of net assets $105,732 net assets at year end
XI-1 Total revenue$168,675
XI-2 Total expenses$197,744
XI-3 Revenue less expenses−$29,069
XI-4 Net assets at start of year$134,801
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$105,732

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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