Associated Baptist Press INC FY2020 filing

Tax-deductible

Jacksonville, FL501(c)(3)ReligionEIN 58-1930302Revenue $493K in FY2020

On file with the IRSbaptistnews.comPo Box 23845, 32241-3845 · Jacksonville, FLTax-exempt since May 1991Publicly supported charity — 170(b)(1)(A)(vi)

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Provide Baptist news

501(c)(3) charity; gifts are tax-deductible.
1¢ of each $1 spent went to programs.
$48K 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 6
filings with a surplus
Average deficit $12K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0.9%
of spending
Concern: 1% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$105K
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$493K
-33% vs prior year
Spent
$629K
To programs
0.9%
Net assets
$53K
By yearFY2019–FY2024
Revenue
$493K
FY2020▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2019$741K
FY2020$493K
FY2021$702K
FY2022$649K
FY2023$844K
FY2024$900K
Expenses
$629K
FY2020▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2019$692K
FY2020$629K
FY2021$598K
FY2022$691K
FY2023$887K
FY2024$903K
Net assets
$53K
FY2020▼ -71%
Tap a bar for its year
Net assets by fiscal year
FY2019$183K
FY2020$53K
FY2021$152K
FY2022$111K
FY2023$68K
FY2024$65K

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 May 1991.

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

Where the money goes

1 cents of each dollar spent went to programs.

Program services 1% · $5K Management & general 99% · $623K

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; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
$47,573Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mark Wingfield’s $135K as Exec. Direct is at the 96th percentile of top reported officer pay among 2133 $100K–1M 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2020
Mark Wingfield$134,755$137,088—
Mark Wingfied——$47,573

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 15aNo

Programs and updates

Reporting on Baptist news and feature stories, this organization provides a news service to the public.

Questions for Associated Baptist Press INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Abp operates a news service providing timely releases of news and feature stories relating to baptist interests at the local, state and national levels.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$493K
Ln 12
Investment incomeLn 3$259K
Gifts and grantsLn 1h$226K
Fees for servicesLn 2g$8K
Money outPt IX
$629K
Ln 25
Programscol B$5K
Managementcol C$623K
Owns and owesPt X
$53K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$157K
LiabilitiesLn 26$105K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$226K
Fees for servicesLn 2g$8K
Investment incomeLn 3$259K
Total revenueLn 12$493K
Assets in detailPt X, end of year
CashLn 1$152K
Cash and savings togetherLn 1–2$152K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$157K
LiabilitiesLn 26$105K
Net assetsLn 32$53K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$226K$152K
Land, buildings, equipmentLn 10c$470$6K
Total assetsLn 16$227K$157K
LiabilitiesLn 26$45K$105K
Net assetsLn 32$183K$53K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$275K$275K
Pension plan contributionsLn 8$107K$107K
Other employee benefitsLn 9$92K$92K
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$791$791
Accounting feesLn 11c$21K$21K
Advertising and promotionLn 12$670$670
Office expensesLn 13$17K$17K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$82K$82K
Total functional expensesLn 25$629K$5K$623K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $900K$903K−$2K$65K 990 PDF
FY2023 $844K$887K−$43K$68K 990 PDF
FY2022 $649K$691K−$42K$111K 990 PDF
FY2021 $702K$598K$104K$152K 990 PDF
FY2020 Viewing $493K$629K−$135K$53K 990 PDF
FY2019 $741K$692K$50K$183K 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 $493,126 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $524,268$226,415
I-9 Program service revenuePrior year $12,277$8,020
I-10 Investment incomePrior year $204,476$258,691
I-11 Other revenue$0
I-12 Total revenuePrior year $741,021$493,126
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $498,982$493,855
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $192,531$134,664
I-18 Total expensesPrior year $691,513$628,519
I-19 Revenue less expensesPrior year $49,508−$135,393
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $493,126 across 5 lines filed
VIII-1f All other contributions, gifts and grants$226,415
VIII-1h Total contributions, gifts and grants$226,415
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,020$8,020
VIII-3 Investment incomeExcluded from tax $258,691$258,691
VIII-12 Total revenueRelated to mission $8,020 · Excluded from tax $258,691$493,126
Part IX · Statement of functional expenses $628,519 across 13 lines filed
IX-7 Other salaries and wagesManagement $274,528$274,528
IX-8 Pension plan contributionsManagement $106,955$106,955
IX-9 Other employee benefitsManagement $91,663$91,663
IX-10 Payroll taxesManagement $20,709$20,709
IX-11b Legal feesManagement $791$791
IX-11c Accounting feesManagement $20,711$20,711
IX-12 Advertising and promotionManagement $670$670
IX-13 Office expensesManagement $16,798$16,798
IX-17 TravelManagement $4,337$4,337
IX-19 Conferences, conventions and meetingsManagement $1,741$1,741
IX-22 Depreciation, depletion and amortizationPrograms $5,441$5,441
IX-23 InsuranceManagement $2,368$2,368
IX-24 Other expenses (24a–d)Management $81,807$81,807
IX-25 Total functional expensesPrograms $5,441 · Management $623,078 · Fundraising $0$628,519
Part X · Balance sheet $157,369 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $226,170$151,855
X-10c Land, buildings and equipment, netStart of year $470$5,514
X-16 Total assetsStart of year $227,488$157,369
X-17 Accounts payable and accrued expensesStart of year $7,309$16,921
X-25 Other liabilitiesStart of year $37,200$87,812
X-26 Total liabilitiesStart of year $44,509$104,733
X-27 Net assets without donor restrictionsStart of year $182,979$52,636
X-32 Total net assets or fund balancesStart of year $182,979$52,636
X-33 Total liabilities and net assetsStart of year $227,488$157,369
Part XI · Reconciliation of net assets $52,636 net assets at year end
XI-1 Total revenue$493,126
XI-2 Total expenses$628,519
XI-3 Revenue less expenses−$135,393
XI-4 Net assets at start of year$182,979
XI-9 Other changes in net assets$5,050
XI-10 Net assets at end of year$52,636

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

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