Civic Intelligence

Answers in Genesis Inc.

990 • Fiscal year 2015 • EIN 33-0596423

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

2800 Bullittsburg Church RoadPetersburg, KY 41080

(859) 727-2222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.26x

Higher debt load relative to assets than 49% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

56th percentile

0.41x

Higher debt load relative to revenue than 56% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

51st percentile

4.2%

Higher net margin than 51% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

38th percentile

$203,977

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

50th percentile

1.5%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-22%

Faster revenue growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$32,909,654

Up $485,097 (+1.5%) from 2014

Net Assets

Up

$24,286,239

Up $889,317 (+3.8%) from 2014

Liabilities

Down

$8,623,415

Down $404,220 (-4.5%) from 2014

Revenue

Down

$21,202,926

Down $5,916,310 (-22%) from 2014

Expenses

Down

$20,312,208

Down $665,954 (-3.2%) from 2014

Net Income

Down

$890,718

Down $5,250,356 (-85%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2011: $29,056,010Liabilities 2011: $10,893,926Net Assets 2011: $18,162,0842011Assets 2012: $28,306,511Liabilities 2012: $10,542,633Net Assets 2012: $17,763,8782012Assets 2013: $26,758,151Liabilities 2013: $9,505,534Net Assets 2013: $17,252,6172013Assets 2014: $32,424,557Liabilities 2014: $9,027,635Net Assets 2014: $23,396,9222014Assets 2015: $32,909,654Liabilities 2015: $8,623,415Net Assets 2015: $24,286,2392015Assets 2019: $65,619,234Liabilities 2019: $12,517,279Net Assets 2019: $53,101,9552019Assets 2021: $94,175,549Liabilities 2021: $12,487,451Net Assets 2021: $81,688,0982021Assets 2022: $112,454,457Liabilities 2022: $10,281,405Net Assets 2022: $102,173,0522022Assets 2024: $193,086,794Liabilities 2024: $39,549,334Net Assets 2024: $153,537,4602024

Highlighted filing

2015

Assets$32,909,654
Liabilities$8,623,415
Net Assets$24,286,239

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0Expenses 2011: $19,910,6352011Expenses 2012: $19,809,6352012Expenses 2013: $19,568,3492013Revenue 2014: $27,119,236Expenses 2014: $20,978,162Net Income 2014: $6,141,0742014Revenue 2015: $21,202,926Expenses 2015: $20,312,208Net Income 2015: $890,7182015Revenue 2019: $42,653,768Expenses 2019: $38,074,606Net Income 2019: $4,579,1622019Revenue 2021: $47,216,237Expenses 2021: $32,514,446Net Income 2021: $14,701,7912021Revenue 2022: $61,673,896Expenses 2022: $41,188,942Net Income 2022: $20,484,9542022Revenue 2024: $73,525,907Expenses 2024: $56,399,517Net Income 2024: $17,126,3902024

Highlighted filing

2015

Revenue$21,202,926
Expenses$20,312,208
Net Income$890,718
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$26,142,406
Mission and Program Overview

Mission

We proclaim the absolute truth and authority of the Bible with boldness. We relate the relevance of a literal Genesis to the church and the world today with creativity. We obey God's call to deliver the message of the Gospel, individually and collectively.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,195,023$21,030,479▼ $164,544
Accounts Receivable$4,570,813$4,075,470▼ $495,343
Cash and Non-Interest-Bearing Accounts$2,168,266$2,755,454▲ $587,188
Inventories for Sale or Use$1,855,337$1,998,788▲ $143,451
Investments in Publicly Traded Securities$1,089,865$1,299,049▲ $209,184
Investments Other Securities$971,596$971,467▼ $129
Prepaid Expenses and Deferred Charges$125,824$93,634▼ $32,190
Total Assets$32,424,557$32,909,654▲ $485,097
Other Assets Total$447,833$685,313▲ $237,480
Liabilities
Deferred Revenue$4,909,214$5,017,547▲ $108,333
Accounts Payable and Accrued Expenses$2,389,297$2,243,684▼ $145,613
Mortgage Notes Payable Secured by Investment Property$1,419,957$913,394▼ $506,563
Other Liabilities$309,167$448,790▲ $139,623
Total Liabilities$9,027,635$8,623,415▼ $404,220
Net Assets / Fund Balance
Unrestricted Net Assets$22,092,973$23,447,106▲ $1,354,133
Temporarily Rstr Net Assets$1,303,949$839,133▼ $464,816
Total Net Assets Fund Balance$23,396,922$24,286,239▲ $889,317
Total Liabilities and Net Assets / Fund Balance$32,424,557$32,909,654▲ $485,097

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,744,222$4,044,041$16,788,263
Other Land Buildings$1,250,403$13,836,920$15,087,323
Equipment$1,053,623$5,092,059$6,145,682
Land$5,726,208-$1,351,460
Leasehold Improvements$256,023$239,506$495,529
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth HamPresident/CEOFT$161,126$42,851$203,977
Mark LooyChief Communications OfficerPT$102,520$12,004$114,524
Mike ZovathChief Action OfficerPT$111,678$1,662$113,340
James HattonTreasurer/CFOPT$92,423$11,339$103,762
John PenceSecretary/General CounselPT$93,629$4,719$98,348

Board Members and Trustees

NameTitle
Don LandisChairman
Tony BillerVice Chairman
Brad BenbowBoard member
Craig BakerBoard member
Dan ChinBoard member
Dan MantheiBoard member
Dan WoosterBoard member
Tim DudleyBoard member

Highest Paid Contractors

ContractorServicesLocationCompensation
Joseph David AdvertisingAdvertisingPO Box 1176, Muncie, IN 47308-1176, Ch$1,412,992
CaiMei Color Printing Co LtdPrintingPO Box 822934, Philadelphia, PA 19182-2934$1,057,083
Cenveo Publisher ServicesPrintingPO Box 726, Green Forest, AR 72638-0726$852,248
New Leaf Press IncPublishingLock Box 577, Carol Stream, IL 60132-0577$833,434
United Parcel ServiceShipping-$665,999
Revenue and Support

Revenue Composition

Contributions and Grants
$7,682,024
Program Service Revenue
$5,211,459
Investment Income
$-17,639
Other Revenue
$8,327,082
All Other Contributions
$7,682,024
Change in Net Assets
$890,718

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded13$32,714Selling Price
Other Non Cash Contri Table5$6,193Selling Price
Other Non Cash Contri Table1$3,576Fair Market Value (FMV)
Other Non Cash Contri Table1$598Fair Market Value (FMV)
Total Noncash Contributions20$43,081-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,170,140
Revenue Not Reported on Financial Statements
$32,786
Revenue Not Reported on Form 990
$34,807
Other Revenue Adjustments
$32,786
Total Revenue per Audited Statements
$21,204,947
Total Revenue per Form 990
$21,202,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,460,931
Other Expenses$8,851,277
Total Fundraising Expense$765,256
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,144,783$1,594,208-$8,738,991
Office Expenses$1,473,063$250,297$414,008$2,137,368
Depreciation Depletion$1,177,515$182,217$43,382$1,403,114
Advertising$1,121,032$280,836$179$1,402,047
Other Employee Benefits$1,033,092$169,478$73,997$1,276,567
Fees for Services Other$588,967$307,586$2,202$898,755
Payroll Taxes$612,973$144,217$14,440$771,630
Occupancy$609,371$54,442$16,308$680,121
Current Officers, Directors, Trustees, and Key Employees$276,521$238,684$118,746$633,951
Travel$425,038$77,536$33,353$535,927
Information Technology$118,385$61,826$443$180,654
Other Expenses$96,796$41,771$3,410$141,977
Interest$61,505$46,888-$108,393
Fees for Services Accounting$63,443$33,133$237$96,813
Pension Plan Contributions$32,473$133$7,186$39,792
All Other Expenses$-18,113$27,745-$9,632
Total Functional Expenses$15,843,088$3,703,864$765,256$20,312,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,315,630
Total Expenses per Form 990$20,312,208
Expenses per Audited Statements$20,280,823
Expenses Not Reported on Form 990$34,807
Expenses Not Reported on Financial Statements$31,385
Other Expense Adjustments$31,385
International Activity

International Summary

Offices
0
Employees
2
Spending
$1,100,518

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program Serviceproduction of vacation bible study materials.01$1,057,083
South AsiaProgram ServicesConsulting01$43,435
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Susan HamAiG Board Member and Chairman, CEO of JDAMarketing and Advertising ConsultingNo$1,422,992
Tim DudleyAiG Board member and President of New Leaf PublishingAiG purchases from New Leaf PublishingNo$831,113
Tim DudleyAiG Board member and President of New Leaf PublishingNew Leaf Publishing purchases from AiGNo$120,385
Renee HodgeTim Dudley, board memberBook royalties to Answers in GenesisYes$79,342
Tony BillerBrother of CEO, staff memberStaff Member compensationNo$73,779
Stephen HamSon-in-law of CEO, staff memberStaff Member compensationNo$65,111
Kristel HamSon of CEO, staff memberStaff member compensationNo$44,449
Jeremy HamDaughter of CEO, staff memberStaff Member compensationNo$37,823
David HodgeDaughter of CEO, staff memberStaff member compensationNo$21,168
Brad BenbowAiG Board Member and Attorney for Coats & BennettLegal FeesNo$16,717
Dan WoosterSister-in-law of CEO, staff memberStaff Member compensationNo$12,896
Tricia HamDaughter-in-law CEO, staff memberStaff Member compensationNo$11,190
-AiG Board Member and Principal at WorthwhileCamp Infinity SupportNo$10,600
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payment Liability$448,790
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

The 990 was reviewed by the Chief Financial Officer and then provided a copy to the board of directors by postal mail.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is signed annually by the board of trustees.

Form 990, Part VI, Section B, line 15

There is a compensation structure that the Human Resources department follows and the board approves compensation for officers and key employees.

Form 990, Part VI, Section C, line 19

The organization's governing documents, financial statements, and policies are available to the public upon written request and upon payment of copying costs.

Filing and Contact Details

Filer

Filer Name
Answers In Genesis Inc
EIN
33-0596423
Phone
8597272222
Address
2800 Bullittsburg Church Road, Petersburg, KY 41080
Doing Business As
AiG

Signing Officer

Name
James A Hatton
Title
CFO
Phone
8597272222
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Ham
Formed
1993
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
5
Employees
348
Volunteers
786

Preparer

Firm
Barnes Dennig & Co LTD
Address
150 East Fourth Street, Cincinnati, OH 45202
Preparer
Paula Hume
Phone
5132418313
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Riley Family Trust Income -1,401.

Form 990, Part XII Line 2C

The organization did not change its oversight or selection process during the current tax year.

Financial Statement Notes

Part III, Line 1A:

Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restriced net assets if purchased with donor-restricted assets. Contributions of collection items are not recognized in the statement of activities. Proceeds from deaccessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.

Part III, Line 4:

Organization's collection includes paintings, taxidermy specimens, fossils, and display exhibits in the museum which is open to the general public.

Part XI, Line 2D - Other Adjustments:

Rental Expense 34,807.

Part XI, Line 4B - Other Adjustments:

Riley Family Trust 1,401. Interdivisional activity 31,385.

Part XII, Line 2D - Other Adjustments:

Rental Expense 34,807.

Part XII, Line 4B - Other Adjustments:

Interdivisional activity 31,385.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Tim Dudley
IRS990/Form990PartVIISectionAGrp/PersonNm1Dan Wooster
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IRS990/Form990PartVIISectionAGrp/PersonNm3Dan Chin
IRS990/Form990PartVIISectionAGrp/PersonNm4Craig Baker
IRS990/Form990PartVIISectionAGrp/PersonNm5Brad Benbow
IRS990/Form990PartVIISectionAGrp/PersonNm6Don Landis
IRS990/Form990PartVIISectionAGrp/PersonNm7Tony Biller
IRS990/Form990PartVIISectionAGrp/PersonNm8Kenneth Ham
IRS990/Form990PartVIISectionAGrp/PersonNm9John Pence
IRS990/Form990PartVIISectionAGrp/PersonNm10James Hatton
IRS990/Form990PartVIISectionAGrp/PersonNm11Mike Zovath
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IRS990/MissionDesc0We proclaim the absolute truth and authority of the Bible with boldness. We relate the relevance of a literal Genesis to the church and the world today with creativity. We obey God's call to deliver the message of the Gospel, individually and collectively.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Resource Distribution- Books, videos, CDs, DVDs, and other material specific to the ministry purpose are made available through phone, mail, internet and Dragon Hall (a bookstore within the Creation Museum). Nearly 78,000 orders shipped to customers during the fiscal year ending June 30, 2015.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Resource Distribution- (Magazines)- Answers magazine is a quarterly, creation-based worldview publication, primarily for distribution to subscribers in the USA and the United Kingdom, but also to a limited number of subscribers in other countries, including Canada, Australia, and other locations. Answers Magazine had a worldwide distribution of over 300,000 copies during the fiscal year ending June 30, 2015. Ministry Outreach (Internet) - The Answers in Genesis website is used to provide creation resources to the general public. During fiscal year 2015, nearly 23.4 million visits were made to our websites resulting in over 43.2 million pageviews. Answers in Genesis is also very active in social media through Facebook, Twitter, and Speaker blogs. Ministry Outreach (Missions) - The organization supports mission-related activities on the home and foreign fields by providing funds, resource materials, and speakers. In the fiscal year ending June 30, 2015, we expanded our International outreach to 52 events in nine different countries. Ministry Outreach (Radio) - The 60-second radio program includes a wide range of topics related to a literal interpretation of the Bible and is broadcast daily on 864 radio outlets worldwide.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Ministry Outreach (Seminars) - Seminars and other speaking engagements are designed to educate the public/church about scientific, moral and social issues regarding a literal interpretation of the Bible. 126 seminars were conducted during fiscal year 2015 with a total attendance of 119,566.
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