2024-11-13T11:38:12-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 222 SECOND AVE SOUTH STE 1240 NASHVILLE TN 37201 990 2023-01-01 621784244 THE R H BOYD COMPANY RHBO 6153508000 6717 CENTENNIAL BLVD NASHVILLE TN 37209 DR LADONNA BOYD PRESIDENT 6153508000 2024-11-12 1 0 RYAN BLANKENSHIP P01336455 6153836592 2023 2024-10-15 13:58:12Z DR LADONNA BOYD 6717 CENTENNIAL BLVD NASHVILLE TN 37209 6962543 0 X WWW.RHBOYD.COM X 1999 TN THE R.H. BOYD COMPANY'S MISSION IS TO PROVIDE BIBLICALLY SOUND LITERATURE THAT IS RELEVANT TO THE AFRICAN-AMERICAN COMMUNITY. THE COMPANY PUBLISHES CHRISTIAN LITERATURE THAT IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO REFLECT THEIR EXPERIENCES. 5 3 14 0 59679 1162 119986 158493 0 0 83048 154730 2241347 2310749 2444381 2623972 496869 86136 0 0 973931 1026660 0 0 0 2638043 3401577 4108843 4514373 -1664462 -1890401 12941535 11400137 974788 1132910 11966747 10267227 X THE R.H. BOYD COMPANY ("COMPANY") WAS FORMED IN 1999 AND BEGAN OPERATIONS IN 2000 AND IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE CODE. THE COMPANY IS AFFILIATED WITH TWO OTHER 501(C)(3) ENTITIES: THE NATIONAL BAPTIST PUBLISHING BOARD, WHICH WAS FOUNDED IN 1986, AND THE NATIONAL CONGRESS OF CONTEMPORARY CHRISTIAN TRAINING, WHICH WAS FOUNDED IN 1906. THE COMPANY PUBLISHES LITERATURE RELEVANT TO BAPTISTS AND OTHER CHRISTIANS OF ALL DENOMINATIONS. THE CHRISTIAN LITERATURE CREATED IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO REFLECT THEIR OWN EXPERIENCES AND EXPERIENCES OF THEIR PEOPLE. THE COMPANY'S MISSION IS TO PROVIDE BIBLICALLY SOUND LITERATURE THAT IS RELEVANT TO THE AFRICAN-AMERICAN COMMUNITY. IN ADDITION TO PRINTING AND PUBLISHING, THE COMPANY ALSO OFFERS A COMPLETE RANGE OF PRODUCTS FROM SUNDAY CHURCH SCHOOL LITERATURE AND VACATION BIBLE SCHOOL PROGRAMS TO LEADERSHIP DEVELOPMENT AND SMALL GROUP MINISTRY AIDS, WORKSHOPS AND HYMNALS. 0 0 2679277 86136 THE COMPANY PUBLISHES LITERATURE RELEVANT TO BAPTISTS AND OTHER CHRISTIANS OF ALL DENOMINATIONS. THE CHRISTIAN LITERATURE CREATED IS WRITTEN, DEVELOPED, AND INTERPRETED BY AFRICAN-AMERICANS TO REFLECT THEIR OWN EXPERIENCES AND EXPERIENCES OF THEIR PEOPLE. THE COMPANY SERVES OVER 39,000 AFRICAN AMERICAN CHURCH CONGREGATIONS THROUGH THE DISTRIBUTION OF AUTHORED LITERATURE AND SUPPLEMENTAL PUBLICATIONS. 2679277 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 55 0 1 14 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X DIRECTOR OF FINANCE 6153508000 6717 CENTENNIAL BLVD NASHVILLE TN 37209 DR T L BROWN DIRECTOR 1.00 X 4000 0 0 DR DAVID GROVES DIRECTOR 40.00 X 180748 0 0 DR MATTHEW ALIX DIRECTOR 1.00 X 4000 0 0 MRS YVETTE BOYD DIRECTOR 1.00 X 88000 0 0 VERONICA MARABLE JOHNSON DIRECTOR 1.00 X 4000 0 0 DR LADONNA BOYD PRESIDENT/CEO 1.00 40.00 X 4000 413272 0 284748 413272 0 1 0 1 0 0 158493 158493 161170 161170 376766 0 376766 376766 376766 339261 345701 -6440 -6440 -6440 5926565 3992870 1933695 1874016 59679 OTHER INCOME 900099 288 288 288 2623972 1874016 59679 531784 X 43586 43586 42550 42550 284748 176748 108000 620053 354132 265921 52728 31637 21091 69131 41479 27652 4059 3820 239 61253 57652 3601 1173371 1104399 68972 82762 82762 409947 409947 76452 76452 466751 466751 17487 17487 78095 78095 71095 71095 EVENT EXPENSE 800289 800289 FEES, LICENSES AND DUES 76100 76100 OTHER 28050 28050 BAD DEBT 19680 19680 36186 28439 7747 4514373 2679277 1835096 0 436507 2230585 7036296 4448968 1272841 152201 492113 744583 30655 30655 3828932 1395369 2505552 2433563 1167571 1359582 12941535 11400137 700303 420742 274485 712168 974788 1132910 X 11806796 10106919 159951 160308 11966747 10267227 12941535 11400137 -1890401 190881 0 X 0 1 X 0 0 X 10127 10507 154631 119986 158493 453744 6912925 5129744 4205304 6152544 5664190 28064707 6923052 5140251 4359935 6272530 5822683 28518451 56500 64250 120750 0 56500 64250 120750 28397701 471064 380994 422987 458081 537936 2271062 471064 380994 422987 458081 537936 2271062 27300 81757 2161 111218 847 288 1135 7394116 5521245 4810222 6813215 6363068 30901866 0.91900 0.92390 0.07350 0.07070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1475360 1475360 2168587 1238355 930232 88306 86560 1746 96679 70454 26225 2433563 100% OF STOCK IN RH BOYD PUBLISHING CORP 1159582 INVESTMENT IN STORYVILLE GARDENS 200000 1359582 DUE TO/FROM RELATED ORGS 712168 712168 X 6807723 190881 3992870 4183751 2623972 0 2623972 8507243 3992870 3992870 4514373 0 4514373 PART X, LINE 2: THE ORGANIZATION HAS QUALIFIED AS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND, THEREFORE, IS NOT SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS FASB ASC GUIDANCE CONCERNING THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THIS GUIDANCE PRESCRIBES A MINIMUM PROBABILITY THRESHOLD THAT A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION THAT IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE ARE NO TAX PENALTIES OR INTEREST REPORTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,992,870. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,992,870. 1 SCHOLARSHIPS 16 42550 PART I, LINE 2: THE R.H. BOYD COMPANY GRANTS FUNDS FOR SPECIFIC PROGRAMS OF THE RECIPIENT ORGANIZATIONS. X 0 0 0 0 0 0 0 0 0 DR LADONNA BOYD PRESIDENT/CEO 0 413272 0 0 4000 0 0 0 0 0 4000 413272 0 0 DR DAVID GROVES DIRECTOR 176748 0 0 0 4000 0 0 0 0 0 180748 0 0 0 MRS YVETTE BOYD BOARD MEMBER 84000 EVENT PLANNING 0 FORM 990, PART VI, SECTION A, LINE 2 DR. LADONNA BOYD AND YVETTE BOYD HAVE A FAMILY RELATIONSHIP. TWO OTHER EMPLOYEES ARE ALSO HAVE A FAMILY RELATIONSHIP WITH DR. LADONNA BOYD AND YVETTE BOYD. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. THE COMPANY ALSO PROVIDES THE 990 TO OUTSIDE COUNSEL FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS HAVE AN OBLIGATION TO VOLUNTARY DISCLOSE ANY CONFLICT OF INTEREST TO THE BOARD. THE BOARD HAS AN OBLIGATION TO INVESTIGATE ANY CONFLICT OF INTEREST THAT COMES TO ITS ATTENTION. FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT CONSULTANT IS ENGAGED TO CONDUCT AN ANALYSIS OF THE APPROPRIATE COMPENSATION FOR THE PRESIDENT/CEO. THIS REPORT IS REVIEWED WITH THE VOTING MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,104,399. MANAGEMENT AND GENERAL EXPENSES 68,972. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,173,371. NATIONAL BAPTIST PUBLISHING BOARD 6717 CENTENNIAL BLVD NASHVILLE TN 37209 620477615 RELIGIOUS PUBLISHING TN 501(C)(3) 9 N/A 0 NATIONAL BAPTIST SUNDAY SCHOOL AND BAPTIST TRAINING UNION CONGRESS 6717 CENTENNIAL BLVD NASHVILLE TN 37209 581413015 CHURCH TRAINING TN 501(C)(3) 9 N/A 0 RH BOYD PUBLISHING CORPORATION 6717 CENTENNIAL BLVD NASHVILLE TN 37209 621784447 RELIGIOUS PUBLISHING TN N/A C 1267886 1511796 1.00000 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 RH BOYD PUBLISHING CORPORATION A 161096 ACTUAL PAYMENT RH BOYD PUBLISHING CORPORATION H 1263625 ACTUAL PAYMENT RH BOYD PUBLISHING CORPORATION J 161096 ACTUAL PAYMENT RH BOYD PUBLISHING CORPORATION M 2399883 ACTUAL PAYMENT