Civic Intelligence

Biblical Recorder Inc

EIN 56-0547497 • 501(c)3 • Cary, NC

Profile

News journal of the Baptist State Convention

205 Convention DriveCary, NC 27511

www.brnow.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

38th percentile

-3.4%

Higher net margin than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

-2.5%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-21%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$324,130

Down $8,178 (-2.5%) from 2023

Liabilities

Up

$28,243

Up $3,110 (+12%) from 2023

Net Assets

Down

$295,887

Down $11,288 (-3.7%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin38th percentile

Revenue

Down

$330,547

Down $87,837 (-21%) from 2023

Expenses

Up

$341,835

Up $14,142 (+4.3%) from 2023

Net Income

Down

-$11,288

Down $101,979 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

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

$800K$600K$400K$200K$0Assets 2010: $649,727Liabilities 2010: $80,659Net Assets 2010: $569,0682010Assets 2011: $580,274Liabilities 2011: $82,655Net Assets 2011: $497,6192011Assets 2012: $675,045Liabilities 2012: $91,249Net Assets 2012: $583,7962012Assets 2013: $682,850Liabilities 2013: $121,662Net Assets 2013: $561,1882013Assets 2014: $615,351Liabilities 2014: $88,772Net Assets 2014: $526,5792014Assets 2015: $566,681Liabilities 2015: $110,261Net Assets 2015: $456,4202015Assets 2016: $572,822Liabilities 2016: $148,895Net Assets 2016: $423,9272016Assets 2017: $467,523Liabilities 2017: $101,549Net Assets 2017: $365,9742017Assets 2018: $406,485Liabilities 2018: $73,537Net Assets 2018: $332,9482018Assets 2019: $328,484Liabilities 2019: $38,795Net Assets 2019: $289,6892019Assets 2020: $302,760Liabilities 2020: $17,298Net Assets 2020: $285,4622020Assets 2021: $242,836Liabilities 2021: $26,675Net Assets 2021: $216,1612021Assets 2022: $279,428Liabilities 2022: $62,944Net Assets 2022: $216,4842022Assets 2023: $332,308Liabilities 2023: $25,133Net Assets 2023: $307,1752023Assets 2024: $324,130Liabilities 2024: $28,243Net Assets 2024: $295,8872024

Highlighted filing

2024

Assets$324,130
Liabilities$28,243
Net Assets$295,887
Open 2024 Filing

Operations Trend

Revenue Growth33rd percentile

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

$1.0M$500K$0-$500KRevenue 2010: $899,302Expenses 2010: $608,220Net Income 2010: $291,0822010Expenses 2011: $690,6622011Expenses 2012: $857,4842012Revenue 2013: $728,669Expenses 2013: $775,673Net Income 2013: -$47,0042013Revenue 2014: $706,490Expenses 2014: $736,051Net Income 2014: -$29,5612014Revenue 2015: $689,830Expenses 2015: $749,469Net Income 2015: -$59,6392015Revenue 2016: $703,490Expenses 2016: $736,236Net Income 2016: -$32,7462016Revenue 2017: $687,941Expenses 2017: $758,591Net Income 2017: -$70,6502017Revenue 2018: $701,737Expenses 2018: $726,789Net Income 2018: -$25,0522018Revenue 2019: $614,835Expenses 2019: $664,963Net Income 2019: -$50,1282019Revenue 2020: $541,376Expenses 2020: $547,736Net Income 2020: -$6,3602020Revenue 2021: $435,897Expenses 2021: $505,198Net Income 2021: -$69,3012021Revenue 2022: $415,702Expenses 2022: $409,190Net Income 2022: $6,5122022Revenue 2023: $418,384Expenses 2023: $327,693Net Income 2023: $90,6912023Revenue 2024: $330,547Expenses 2024: $341,835Net Income 2024: -$11,2882024

Highlighted filing

2024

Revenue$330,547
Expenses$341,835
Net Income-$11,288
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$324,130
Liabilities
$28,243
Net assets
$295,887
Revenue
$330,547
Expenses
$341,835
Net income
-$11,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.24$0.28$2.96$3.31$3.42$0.11
2023Summary only. Only limited summary data is available for this year.$3.32$0.25$3.07$4.18$3.28$0.91
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.63$2.16$4.16$4.09$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$0.27$2.16$4.36$5.05$0.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$0.17$2.85$5.41$5.48$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.39$2.90$6.15$6.65$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.06$0.74$3.33$7.02$7.27$0.25
2017Summary only. Only limited summary data is available for this year.$4.68$1.02$3.66$6.88$7.59$0.71
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.73$1.49$4.24$7.03$7.36$0.33
2015Detailed filing. Detailed filing data is available for this year.$5.67$1.10$4.56$6.90$7.49$0.60
2014Detailed filing. Detailed filing data is available for this year.$6.15$0.89$5.27$7.06$7.36$0.30
2013Detailed filing. Detailed filing data is available for this year.$6.83$1.22$5.61$7.29$7.76$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.75$0.91$5.84$8.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.83$4.98$6.91
2010Summary only. Only limited summary data is available for this year.$6.50$0.81$5.69$8.99$6.08$2.91
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 14, 2020
Return Version
2019v5.0
Gross Receipts
$676,421
Mission and Program Overview

Mission

News journal of the Baptist State Convention.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$324,825$232,760▼ $92,065
Accounts Receivable$45,565$45,066▼ $499
Land, Buildings, and Equipment, Net$11,394$39,701▲ $28,307
Cash and Non-Interest-Bearing Accounts$19,062$8,460▼ $10,602
Prepaid Expenses and Deferred Charges$5,639$2,497▼ $3,142
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$406,485$328,484▼ $78,001
Other Assets Total-$0-
Liabilities
Deferred Revenue$37,626$27,657▼ $9,969
Accounts Payable and Accrued Expenses$35,561$10,788▼ $24,773
Other Liabilities$350$350→ $0
Total Liabilities$73,537$38,795▼ $34,742
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$332,948$289,689▼ $43,259
Total Net Assets Fund Balance$332,948$289,689▼ $43,259
Total Liabilities and Net Assets / Fund Balance$406,485$328,484▼ $78,001

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,667$40,632$78,299
Equipment$2,034$30,276$32,310
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
K Allan BlumeEditor/PresFT$77,095$7,568$84,663
Alison McKinneyBus. ManagerFT$56,032-$56,032

Board Members and Trustees

NameTitle
Nate JonesChair
Dr Chris HefnerVice Chair
Amy T LuncefordDirector
Dan MeyerDirector
Donna RobinsonDirector
Dr Kelly BullardDirector
Frank NorwoodDirector
Jim Pennington JrDirector
Joan T CalhounDirector
Kevin AtchleyDirector
Lesley HildrethDirector
Marty K ChildersDirector
Meredith SnoddyDirector
Rev Bartley WootenDirector
Rev Donnie SeagleDirector
Rev Larry WhichardDirector
Ronald DavisDirector
Sonny W Sweatman JrDirector
Cindy JenningsSecretary
Tony HoneycuttTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,050
Program Service Revenue
$604,045
Investment Income
$1,382
Other Revenue
$1,358
All Other Contributions
$8,050
Change in Net Assets
$-50,128

Audited Revenue Reconciliation

Revenue per Audited Statements
$614,099
Revenue Not Reported on Financial Statements
$736
Revenue Not Reported on Form 990
$6,869
Total Revenue per Audited Statements
$620,968
Total Revenue per Form 990
$614,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$425,387
Other Expenses$239,576
Total Fundraising Expense$15,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$136,168$72,619$4,191$212,978
Current Officers, Directors, Trustees, and Key Employees$70,648$18,839$4,710$94,197
Other Employee Benefits$31,720$30,166$1,307$63,193
Information Technology$53,459$5,404-$58,863
Pension Plan Contributions$26,087$7,719$824$34,630
Payroll Taxes$14,241$5,500$648$20,389
Depreciation Depletion$9,947$3,566$417$13,930
Advertising$5,211-$2,897$8,108
Fees for Services Accounting$4,284$2,248-$6,532
Occupancy$3,600$2,400-$6,000
Office Expenses$747$268$31$1,046
Other Expenses$40,086$1,002-$1,002
All Other Expenses-$961-$961
Fees for Service Investment Mgmnt Fees-$736-$736
Total Functional Expenses$496,407$153,531$15,025$664,963

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$664,963
Expenses per Audited Statements$664,227
Total Expenses per Audited Statements$664,227
Expenses Not Reported on Financial Statements$736
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

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Security deposits$350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Biblical Recorder, Inc. provides copies of the Form 990 to the President/Editor to review prior to the return being submitted.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The President/Editor determines the compensation of all employees which is then submitted to the independent board of directors for approval.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Biblical Recorder, Inc. makes its governing documents and financial statements available to the public on request.”

Filing and Contact Details

Filer

Filer Name
Biblical Recorder Inc
EIN
56-0547497
Phone
9198472128
Address
205 Convention Drive, Cary, NC 27511

Signing Officer

Name
Seth Brown
Title
Editor/Pres
Signed
2020-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
K Allan Blume
Formed
1939
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
7
Volunteers
20

Preparer

Firm
C DeWitt Foard & Co PA CPAs
Address
817 E Morehead Street Ste 100, Charlotte, NC 28202-2767
Preparer
Terry W Lancaster
Phone
7043721515
Raw XML AppendixShowing 400 of 643 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.

Path#Value
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