God's World Publications, Inc. NEGATIVE NET WORTH

Summary

God's World Publications, Inc. ("GWP") publishes or provides news media, books and other materials and services for Christians of all ages to assist in forming a Biblical worldview for all aspects of life. GWP was founded in 1942. God's World Publications is committed to the publishing of periodicals for adults, young people, and children that provide information and promote education through current news and practical commentary on issues before the individual Christian, the church, and the world, from a Biblical perspective. Our aim is to develop a Christian understanding of the world and to stimulate action in obedience to the Great Commission and to God's cultural mandate to subdue the earth. This organization is a nonprofit.

Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
PO Box 2330
85 Tunnel Road
12 Innsbruck Mall
Asheville, NC 28802-8802

Website: www.gwnews.com

Phone: (828) 253-8063

Email: gwnews@gwpub.com


Organization details

EIN: 560538016

CEO/President: Mr. Nickolas Eicher

Chairman: Mr. David Strassner

Board size: 14

Founder: Dr. Nelson Bell

Year founded: 1942

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

God's World Publications, Inc. ("GWP") publishes or provides news media, books and other materials and services for Christians of all ages to assist in forming a Biblical worldview for all aspects of life. GWP was founded in 1942. God's World Publications is committed to the publishing of periodicals for adults, young people, and children that provide information and promote education through current news and practical commentary on issues before the individual Christian, the church, and the world, from a Biblical perspective. Our aim is to develop a Christian understanding of the world and to stimulate action in obedience to the Great Commission and to God's cultural mandate to subdue the earth.

God's World Publications, Inc. is a content contributor to thegoodsteward.com.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

God's World Publications, Inc.'s Mission Statement is:

To assist Christians in forming a Biblical worldview for all aspects of life. We will do this by publishing or providing news media, books and other materials and services for Christians of all ages and within a variety of educational, church and home settings.


Statement of faith

God's World Publications, Inc.'s Doctrinal Statement is:

1. God exists eternally in three persons, the Father, the Son, and the Holy Spirit. He is the sovereign Creator of the heavens and the earth and everything that is in them. He also sovereignty governs all his creatures and all their actions after the counsels of his own will.

2. God communicates with mankind through the revelation of himself. Without his initiative, human beings would never know him. In his creation, God reveals his eternal power and dominion. In Jesus Christ, his Son, who was born of a virgin and who was and is fully God and fully man, he revealed himself and his providence uniquely. Today, God is known in his written Word, the Bible, which is the inerrant and altogether authoritative revelation of him for us in all matters. The Holy Spirit applies that word and opens our eyes to its meaning, even as he opens our hearts to its application.

3. Mankind, having been first created in the image of God, fell from that happy condition by sinning against God. All human beings since Adam and Eve have inherited their sinful natures, corrupting our behavior, our understanding, and our emotions.

4. God, through the sacrificial death and bodily resurrection of Jesus Christ, has lovingly redeemed a people who are commanded to believe in him and to live holy lives through the enablement of the Holy Spirit. After Christ's bodily return to this earth to claim his people, they will reign with him in the life to come. Those who do not believe will be judged by God and made subject to his eternal punishment.
In our publishing task, we seek to be faithful to those truths as we explore the great themes of the Bible--God's creation, man's fall, and Christ's redemption --as the structural framework of a uniquely Christian world and life view.

Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency ratingNEGATIVE NET WORTH202 of 43026 of 50
Fund acquisition rating251 of 43028 of 50
Resource allocation rating350 of 43040 of 50
Asset utilization rating35 of 4303 of 50

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%10%10%3%6%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%4%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%41%35%31%30%26%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%5%4%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%59%65%69%70%74%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%74%79%83%81%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%94%98%99%100%94%
Program output ratio Program output ratio =
Program services /
Total revenue
81%69%78%82%81%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%6%2%1%0%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-52%-12%-2%-1%-25%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%22%17%16%17%15%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.323.773.704.294.253.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.532.272.311.721.291.15
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.538.538.527.405.503.93
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.100.320.300.350.440.64
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.103.093.342.892.261.55
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.06-2.94-3.29-3.07-2.75-1.69
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%150%172%195%198%181%
Debt ratio Debt ratio =
Debt /
Total assets
0%8%8%27%12%11%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%-13%-20%-22%-23%-24%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$497,040$287,273$105,010$596,222$950,285
Receivables, inventories, prepaids$610,384$860,349$998,908$1,047,930$1,300,308
Short-term investments$0$0$0$0$0
Other current assets$0$0$202,062$83,622$134,922
Total current assets$1,107,424$1,147,622$1,305,980$1,727,774$2,385,515
Long-term investments$0$0$0$0$0
Fixed assets$696,960$666,056$683,222$429,849$230,515
Other long-term assets$705,614$832,088$262,694$77,238$121,235
Total long-term assets$1,402,574$1,498,144$945,916$507,087$351,750
Total assets$2,509,998$2,645,766$2,251,896$2,234,861$2,737,265
 
Liabilities20172016201520142013
Payables and accrued expenses$626,732$674,609$514,578$699,310$251,969
Other current liabilities$2,793,007$3,155,492$3,261,325$3,203,772$3,452,989
Total current liabilities$3,419,739$3,830,101$3,775,903$3,903,082$3,704,958
Debt$194,137$209,930$599,847$262,000$302,750
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$156,797$521,891$21,994$268,564$952,245
Total long-term liabilities$350,934$731,821$621,841$530,564$1,254,995
Total liabilities$3,770,673$4,561,922$4,397,744$4,433,646$4,959,953
 
Net assets20172016201520142013
Unrestricted($1,260,675)($1,916,156)($2,302,837)($2,453,770)($2,476,603)
Temporarily restricted$0$0$156,989$254,985$253,915
Permanently restricted$0$0$0$0$0
Net assets($1,260,675)($1,916,156)($2,145,848)($2,198,785)($2,222,688)
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$4,143,897$3,456,832$3,046,896$2,891,349$2,607,827
Program service revenue$5,915,967$6,536,670$6,583,085$6,576,402$7,321,052
Membership dues$0$0$0$0$0
Investment income$0$0($17,836)($3,942)($4,512)
Other revenue$47,343$19,386$104,821$61,114$11,011
Total other revenue$5,963,310$6,556,056$6,670,070$6,633,574$7,327,551
Total revenue$10,107,207$10,012,888$9,716,966$9,524,923$9,935,378
 
Expenses20172016201520142013
Program services$6,974,312$7,762,776$7,982,765$7,676,704$7,789,765
Management and general$2,043,951$1,663,811$1,586,142$1,657,235$1,402,268
Fundraising$433,463$356,609$95,122$167,081$194,746
Total expenses$9,451,726$9,783,196$9,664,029$9,501,020$9,386,779
 
Change in net assets20172016201520142013
Surplus (deficit)$655,481$229,692$52,937$23,903$548,599
Other changes in net assets$0$0$0$0$0
Total change in net assets$655,481$229,692$52,937$23,903$548,599

Response from ministry

No response has been provided by this ministry.


History

Founded by Dr. Nelson Bell in 1942, as an Asheville-based Presbyterian Journal published as a tonic for the liberal apostasy that was surfacing. Needing help to run the magazine Joel Belz was recruited through the Presbyterian Church of America in 1977 as CEO.

Realizing that the magazine was wasting away, with the circulation declining to 20,000 from its peak of 40,000 and the 2/3rds of the readers were 65 years or old, Belz decided to reinvent it attracting new, young readers. In 1980 Belz proposed to his board the launch of a Christian kids' magazine distributed through church schools. The first issue of "God's World News" appeared in September 1981. By the end of the school year, its circulation and revenues topped the Journals.

Parents of readers of what Belz refers to as "the kids' papers" soon began asking for a weekly magazine of their own. In 1985, Blez hired the Gallup organization to assess the potential market. Even then, he envisioned a nondenominational publication, covering a broad range of news, not just church matters. Gallup gave it the green light and "World" debuted in March 1986. Though "World" has had it financial problems it has rebounded and after hiring Marvin Olasky as editor in 1994 the circulation grew from 30,000 to 100,000 and continues to grow in circulation today.


Program accomplishments

God's World Publications, Inc. communicates the following accomplishments

(1) World Magazine: A Christian weekly magazine dedicated to reporting the news of the world from a Christian perspective. Approximately 100,000 paid subscribers receive the magazine.

(2) God's World News (5 graded children's papers) are published weekly during the school year. These papers reprot the news from a Christian perspective. Circulation is approximately 280,000 per week.

(3) The God's World Book Club provides children's books and other products that have been screened and approved from a Christian viewpoint. Catalogs are furnished through the God's World News Papers.


Needs