Civic Intelligence

Good News Publishers

EIN 36-1143987 • 501(c)3 • Wheaton, IL

View Organization Page

Profile

Crossway's mission is to publish gospel-centered, Bible-based content that will honor our Savior and serve his church. Crossway is committed to distributing free resources that equip the global church for ministry and providing God's word to people around the world.

1300 Crescent StWheaton, IL 60187

www.crossway.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.28x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

51st percentile

0.35x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

68th percentile

$502,091

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

86th percentile

22%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

43%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$76,782,842

Up $13,767,063 (+22%) from 2024

Liabilities

Up

$21,647,802

Up $3,417,257 (+19%) from 2024

Net Assets

Up

$55,135,040

Up $10,349,806 (+23%) from 2024

Operations
Liabilities / Revenue51st percentileNet Margin73rd percentile

Revenue

Up

$62,229,488

Up $18,627,791 (+43%) from 2024

Expenses

Up

$51,879,682

Up $14,655,306 (+39%) from 2024

Net Income

Up

$10,349,806

Up $3,972,485 (+62%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $16,088,504Liabilities 2010: $7,961,368Net Assets 2010: $8,127,1362010Assets 2011: $19,256,176Liabilities 2011: $10,862,165Net Assets 2011: $8,394,0112011Assets 2012: $19,669,424Liabilities 2012: $9,862,631Net Assets 2012: $9,806,7932012Assets 2013: $19,300,299Liabilities 2013: $8,380,748Net Assets 2013: $10,919,5512013Assets 2014: $21,595,037Liabilities 2014: $9,914,456Net Assets 2014: $11,680,5812014Assets 2015: $20,516,644Liabilities 2015: $6,497,558Net Assets 2015: $14,019,0862015Assets 2016: $21,803,274Liabilities 2016: $5,691,448Net Assets 2016: $16,111,8262016Assets 2017: $24,293,864Liabilities 2017: $6,301,775Net Assets 2017: $17,992,0892017Assets 2018: $28,501,954Liabilities 2018: $7,999,260Net Assets 2018: $20,502,6942018Assets 2019: $29,230,056Liabilities 2019: $6,544,237Net Assets 2019: $22,685,8192019Assets 2020: $33,365,864Liabilities 2020: $9,054,804Net Assets 2020: $24,311,0602020Assets 2021: $41,771,923Liabilities 2021: $10,245,950Net Assets 2021: $31,525,9732021Assets 2022: $44,141,237Liabilities 2022: $8,513,022Net Assets 2022: $35,628,2152022Assets 2023: $47,984,740Liabilities 2023: $9,576,827Net Assets 2023: $38,407,9132023Assets 2024: $63,015,779Liabilities 2024: $18,230,545Net Assets 2024: $44,785,2342024Assets 2025: $76,782,842Liabilities 2025: $21,647,802Net Assets 2025: $55,135,0402025

Highlighted filing

2025

Assets$76,782,842
Liabilities$21,647,802
Net Assets$55,135,040
Open 2025 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Expenses 2010: $10,164,9272010Expenses 2011: $13,581,5912011Expenses 2012: $13,407,4982012Expenses 2013: $14,688,8982013Revenue 2014: $15,786,186Expenses 2014: $15,025,156Net Income 2014: $761,0302014Revenue 2015: $17,885,849Expenses 2015: $15,547,344Net Income 2015: $2,338,5052015Revenue 2016: $20,372,660Expenses 2016: $18,279,920Net Income 2016: $2,092,7402016Revenue 2017: $19,618,807Expenses 2017: $17,738,544Net Income 2017: $1,880,2632017Revenue 2018: $21,963,572Expenses 2018: $19,452,967Net Income 2018: $2,510,6052018Revenue 2019: $22,396,760Expenses 2019: $20,213,635Net Income 2019: $2,183,1252019Revenue 2020: $21,226,004Expenses 2020: $19,600,763Net Income 2020: $1,625,2412020Revenue 2021: $28,694,865Expenses 2021: $21,479,952Net Income 2021: $7,214,9132021Revenue 2022: $30,597,185Expenses 2022: $26,494,943Net Income 2022: $4,102,2422022Revenue 2023: $31,101,737Expenses 2023: $28,322,039Net Income 2023: $2,779,6982023Revenue 2024: $43,601,697Expenses 2024: $37,224,376Net Income 2024: $6,377,3212024Revenue 2025: $62,229,488Expenses 2025: $51,879,682Net Income 2025: $10,349,8062025

Highlighted filing

2025

Revenue$62,229,488
Expenses$51,879,682
Net Income$10,349,806
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$76,782,842
Liabilities
$21,647,802
Net assets
$55,135,040
Revenue
$62,229,488
Expenses
$51,879,682
Net income
$10,349,806
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.8$21.6$55.1$62.2$51.9$10.3
2024Detailed filing. Detailed filing data is available for this year.$63.0$18.2$44.8$43.6$37.2$6.38
2023Detailed filing. Detailed filing data is available for this year.$48.0$9.58$38.4$31.1$28.3$2.78
2022Detailed filing. Detailed filing data is available for this year.$44.1$8.51$35.6$30.6$26.5$4.10
2021Detailed filing. Detailed filing data is available for this year.$41.8$10.2$31.5$28.7$21.5$7.21
2020Detailed filing. Detailed filing data is available for this year.$33.4$9.05$24.3$21.2$19.6$1.63
2019Detailed filing. Detailed filing data is available for this year.$29.2$6.54$22.7$22.4$20.2$2.18
2018Detailed filing. Detailed filing data is available for this year.$28.5$8.00$20.5$22.0$19.5$2.51
2017Detailed filing. Detailed filing data is available for this year.$24.3$6.30$18.0$19.6$17.7$1.88
2016Detailed filing. Detailed filing data is available for this year.$21.8$5.69$16.1$20.4$18.3$2.09
2015Detailed filing. Detailed filing data is available for this year.$20.5$6.50$14.0$17.9$15.5$2.34
2014Detailed filing. Detailed filing data is available for this year.$21.6$9.91$11.7$15.8$15.0$0.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$8.38$10.9$14.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.7$9.86$9.81$13.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$10.9$8.39$13.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$7.96$8.13$10.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Oct 8, 2025
Return Version
2024v5.1
Gross Receipts
$99,469,840
Mission and Program Overview

Mission

Crossway is a not-for-profit ministry that exists solely for the purpose of proclaiming the gospel and the truth of God's Word through publishing and all other means.

To proclaim the gospel and the truth of God's Word through publishing and all other means.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$14,378,865$30,720,946▲ $16,342,081
Accounts Receivable$14,649,698$19,722,203▲ $5,072,505
Land, Buildings, and Equipment, Net$7,760,800$8,864,983▲ $1,104,183
Savings and Temporary Cash Investments$13,416,164$5,946,778▼ $7,469,386
Prepaid Expenses and Deferred Charges$3,881,004$3,826,851▼ $54,153
Pledges and Grants Receivable$480,000$320,000▼ $160,000
Cash and Non-Interest-Bearing Accounts$926$1,398▲ $472
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$63,015,779$76,782,842▲ $13,767,063
Other Assets Total$8,448,322$7,379,683▼ $1,068,639
Liabilities
Accounts Payable and Accrued Expenses$8,278,819$12,339,291▲ $4,060,472
Other Liabilities$9,951,726$9,308,511▼ $643,215
Total Liabilities$18,230,545$21,647,802▲ $3,417,257
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,652,168$53,597,160▲ $10,944,992
Net Assets With Donor Restrictions$2,133,066$1,537,880▼ $595,186
Total Net Assets Fund Balance$44,785,234$55,135,040▲ $10,349,806
Total Liabilities and Net Assets / Fund Balance$63,015,779$76,782,842▲ $13,767,063

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,433,060$4,344,910$9,777,970
Equipment$2,129,776$3,285,003$5,414,779
Land$1,302,147-$1,302,147
Other Land Buildings$0$680,041$680,041
Other Assets Org$93,580--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$450,000-▲ $19,908$19,908$450,000
2023$450,000-▲ $17,792$17,792$450,000
2022$450,000-▲ $8,529$8,529$450,000
2021$450,000-▲ $789$789$450,000
2020$450,000-▲ $2,644$2,644$450,000
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Josh DennisChairman of the Board, President, CEOFT$305,060$197,031$502,091
Donald JonesBoard Member, Chief Publishing OfficerFT$216,155$121,586$337,741
Andrew TebbeChief Communications Officer (part year)FT$211,279$124,468$335,747
Daniel BushChief Communications OfficerFT$211,200$110,193$321,393
Justin TaylorExec. VP Book PublishingFT$213,098$104,864$317,962
Dan KokSecretary, Exec. VP OperationsFT$214,582$90,630$305,212
Paul ThomasSr. VP Finance & Asst. TreasurerFT$210,458$77,090$287,548
Randall D JahnsSr. VP Global MinistryFT$201,644$84,996$286,640
Douglas O'DonnellSr. VP Bible PublishingFT$178,992$98,229$277,221
Anthony GoslingChief Operating OfficerFT$162,806$108,988$271,794
Lane T DennisBoard Member, Executive AdvisorPT$130,078$126,489$256,567
Daniel FarrellSr VP of CreativeFT$170,678$59,517$230,195
Matt TullySr VP of Book & Audio PublishingFT$171,104$56,389$227,493
Robert RatlephVP of Software DevelopmentFT$164,449$54,111$218,560
Mark HendrieVP of Information TechnologyFT$159,125$56,384$215,509
M Ebeth DennisSecretary, Associate Consultant (part year)PT$148,322$3,250$151,572
Dane OrtlandBoard MemberPT$13,790-$13,790
Jon DennisBoard MemberPT$7,396-$7,396
R Kent HughesBoard MemberPT$4,800-$4,800
Wayne GrudemBoard MemberPT$4,800-$4,800

Board Members and Trustees

NameTitle
Eric ChanningBoard Member
Matt RobertsBoard Member
Peter HubbardBoard Member
James FellowesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
RR Donnelley Asia Print SolutionsPrintingPO Box 6292, Ctr 108 Wai Yip Street Kwun Tong, Carol Stream, IL 60197, Ch$29,187,948
Thomson Reuters - WestPrinting2085 N Cornell Avenue, Melrose Park, IL 60160$2,305,233
Lake Book Manufacturing IncPrintingPO Box 809488, Chicago, IL 60680$1,927,979
UpsShipping1465 Spring Bay Rd, East Peoria, IL 61611$1,392,875
Versa Press IncPrinting-$1,278,175
Revenue and Support

Revenue Composition

Contributions and Grants
$1,431,300
Program Service Revenue
$51,159
Investment Income
$389,355
Other Revenue
$60,357,674
All Other Contributions
$1,431,300
Change in Net Assets
$10,349,806

Audited Revenue Reconciliation

Revenue per Audited Statements
$62,229,488
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$62,229,488
Total Revenue per Form 990
$62,229,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,525,460
Salaries, Compensation, and Employee Benefits$19,954,580
Total Fundraising Expense$405,328
Grants and Similar Amounts Paid$399,642
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$13,949,089$114,743-$14,063,832
Other Salaries and Wages$10,671,958$721,782$210,366$11,604,106
Fees for Services Other$3,917,398$860,759$0$4,778,157
Current Officers, Directors, Trustees, and Key Employees$1,635,733$1,793,879$48,775$3,478,387
Occupancy$2,334,564$16,734$2,583$2,353,881
Other Employee Benefits$1,945,976$339,340$38,859$2,324,175
Travel$1,075,814$111,486$42,568$1,229,868
Payroll Taxes$932,275$152,979$15,921$1,101,175
Office Expenses$463,815$394,411$4,751$862,977
Conferences and Meetings$791,123--$791,123
Comp Disqual Persons$737,761$20,398-$758,159
Depreciation Depletion$673,131$46,381$7,158$726,670
All Other Expenses$137,994$538,387$18,804$695,185
Pension Plan Contributions$581,656$94,336$12,586$688,578
Royalties$526,169--$526,169
Foreign Grants$379,734--$379,734
Information Technology-$351,356-$351,356
Insurance$228,373$15,736$2,428$246,537
Fees for Services Legal-$153,143-$153,143
Other Expenses$44,587$3,072$474$48,133
Fees for Services Accounting-$43,854-$43,854
Grants to Domestic Orgs$19,908--$19,908
Total Functional Expenses$45,281,616$6,192,738$405,328$51,879,682

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$51,879,682
Total Expenses per Audited Statements$51,879,682
Total Expenses per Form 990$51,879,682
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kregel PublicationsGrand Rapids, MI501(c)(3)Distribution of books$19,908

International Summary

Offices
0
Employees
0
Spending
$2,278,099

International Compliance

Foreign grant records maintained
Yes
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
Sub-Saharan AfricaProgram ServicesPrinted Materials, Partner Visits00$1,156,817
South AsiaProgram ServicesPrinted Materials00$396,107
Europe (Including Iceland and Greenland)Grantmaking-00$227,747
East Asia and the PacificProgram ServicesPrinted Materials, Partner Visits00$158,173
Europe (Including Iceland and Greenland)Program ServicesPrinted Materials, general support, partner visits, Product Development00$133,430
Central America and the CaribbeanGrantmaking-00$52,000
Sub-Saharan AfricaGrantmaking-00$49,216
Middle East and North AfricaProgram ServicesPrinted Materials, general support, Partner Visits00$28,392
South AsiaGrantmaking-00$20,425
Central America and the CaribbeanProgram ServicesPrinted Materials00$19,134
East Asia and the PacificGrantmaking-00$18,686
Middle East and North AfricaGrantmaking-00$11,660
North America (Canada & Mexico only)Program ServicesPrinted Materials00$5,815
South AmericaProgram ServicesPrinted Materials, Partner Visits00$446
Russia and Neighboring StatesProgram ServicesPrinted Materials00$51
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
-Family member of Lane T. Dennis, Chairman, M. Ebeth Dennis, SecretaryW-2 wages and benefitsNo$538,801
-Family member of Lane T. Dennis, Chairman, M. Ebeth Dennis, SecretaryW-2 wages and benefitsNo$362,903
-Family member of M. Ebeth Dennis, SecretaryW-2 wages and benefitsNo$336,780
-Board MemberRoyaltiesNo$291,165
-Family member of Donald Jones, Chief Publishing OfficerW-2 wages and benefitsNo$210,657
-Family member of Daniel Bush, Exec. VP Sales & MarketingW-2 wages and benefitsNo$202,217
-Board MemberRoyaltiesNo$186,808
-Family member of Lane T. Dennis, Chairman, M. Ebeth Dennis, SecretaryW-2 wages and benefitsNo$156,525
-Family member of Lane T. Dennis, ChairmanW-2 wages and benefitsNo$134,905
-Family member of Anthony Gosling, Chief Operating OfficerW-2 wages and benefitsNo$97,701
-Family member of Lane T. Dennis, Chairman, M. Ebeth Dennis, SecretaryW-2 wages and benefitsNo$51,623
-Family member of Anthony Gosling, Chief Operating OfficerW-2 wages and benefitsNo$20,398

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued royalties payable$7,162,427
Federal Income Taxes$2,146,084
Operating lease obligations-
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 35% controlled entity
No
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, Line 2 Family/business relationships amongst interested persons

“Lane T. Dennis, M. Ebeth Dennis, Josh Dennis, Jon Dennis, and Daniel Bush - Family relationship”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Good News Publishers' Form 990 is prepared by an independent CPA firm and reviewed in detail and approved by the Senior Vice President of Finance & Assistant Treasurer and the CEO. The Board of Directors and Audit Committee members are provided with a copy of Form 990 prior to filing with the IRS.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Good News has a conflict of interest policy in place which requires each officer, key employee and board member to sign a conflict of interest form each year. The signed statements are reviewed by the Senior Vice President of Finance & Assistant Treasurer. The Chief Operating Officer reviews the Senior Vice President of Finance & Assistant Treasurer's signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“Good News utilizes industry comparable data from multiple sources to recommend salary and bonus figures for management. This information is then compiled, and recommendations for all officers and key employees, as well as a general percentage increase for all other employees, are submitted to the compensation committee. The compensation committee reviews, discusses, has the ability to change recommendations, and then approves the submission, which in turn is brought to the full board by way of recommendation of the compensation committee. The full board then takes the recommendation, has further discussion if necessary, and then approves the recommendation from the compensation committee. Compensation committee members (and any family members on the board) who are also compensated officers are excused from the part of the meeting that would cover any discussion over compensation or bonuses. The decisions regarding compensation are then documented in the minutes.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“See narrative for Form 990, Part VI, Line 15a.”

Form 990, Part VI, Line 19 Required documents available to the public

“The governing documents, conflict of interest policy, and financial statements are all available upon request.”

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

“Miscellaneous revenue - Total Revenue: 32820, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 32820;”

Filing and Contact Details

Filer

Filer Name
Good News Publishers
EIN
36-1143987
Phone
6306824300
Address
1300 Crescent St, Wheaton, IL 60187
Doing Business As
Crossway

Signing Officer

Name
Paul Thomas
Title
Sr VP of Finance
Phone
6306824300
Signed
2025-10-08
Discuss with paid preparer
Yes

Organization Details

Formed
1941
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
5
Employees
177
Volunteers
8

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Ted R Batson Jr
Phone
5055022746
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

“The endowment consists of one fund. the fund is used to aid the distribution of Sir Robert Anderson's books for encouragement and edification of Christians. The beginning and ending balances have been updated to reflect the donor restricted balance of $450,000 as the donor has not yet released their restriction. The activity is reflective of the income earned and spent during the year.”

Raw XML AppendixShowing 400 of 1,312 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0Crossway is a not-for-profit Christian publishing ministry of Good News Publishers that exists to proclaim the gospel of Jesus Christ through publishing and other means, in order, by God's grace: to bring people to Christ as their Lord and Savior; to help Christians and the church grow in knowledge and understanding of the Christian life; to bear witness to God's truth, beauty, and holiness, and to the lordship of Christ in every area of life; and to glorify our Lord and Savior Jesus Christ in every way.
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