2024-11-08T13:43:12-06:00 2023-12-31 810909530 LIGHTCAP CPA LLC 7387 E TANQUE VERDE RD TUCSON AZ 857153475 990 2023-01-01 956539977 GOSPEL RECORDINGS INC GOSP 5203951399 16131 N VERNON DRIVE TUCSON AZ 85739 WILLIAM CORNTHWAITE BOARD CHAIR 5203951399 2024-11-08 1 0 JED LIGHTCAP CPA P01297451 5204972121 2024-11-07 2023 2024-10-15 13:58:12Z PRESTON KORN 16131 N VERNON DRIVE TUCSON AZ 85739 1481725 0 X HTTPS://WWW.GLOBALRECORDINGSUSA.ORG/ X 1943 AZ IN PARTNERSHIP WITH THE CHURCH, TO EFFECTIVELY COMMUNICATE THE GOOD NEWS OF JESUS CHRIST BY MEANS OF CULTURALLY APPROPRIATE AUDIO AND AUDIO-VISUAL MATERIALS IN EVERY LANGUAGE 7 6 20 19 0 0 1039866 1461721 0 0 92 354 67906 14239 1107864 1476314 70355 178934 0 0 522931 517435 0 0 15523 559591 481720 1152877 1178089 -45013 298225 2857295 3502173 51069 4933 2806226 3497240 IN PARTNERSHIP WITH THE CHURCH, TO EFFECTIVELY COMMUNICATE THE GOOD NEWS OF JESUS CHRIST BY MEANS OF CULTURALLY APPROPRIATE AUDIO AND AUDIO-VISUAL MATERIALS IN EVERY LANGUAGE. 0 0 838564 178934 1461721 GOSPEL RECORDINGS, INC., DBA GLOBAL RECORDINGS NETWORK (GRN) IS THE FOUNDING PARTNER IN THE WORLDWIDE FELLOWSHIP OF GRN CENTERS AND BASES WITH OFFICES IN OVER 40 COUNTRIES. IN 2019, THE USA CENTER DISTRIBUTED THOUSANDS OF FREE RECORDINGS THROUGH THE ONLINE APP 5FISH, CDS, SD CARDS, THUMB DRIVES, MP3 PLAYERS AND OTHER AUDIO DEVICES. GRN HAS RECORDINGS OF THE STORY OF JESUS IN OVER 6,000 LANGUAGES AND DIALECTS FOR DOWNLOADING. IN 2023, OVER 4 MILLION HOURS OF RECORDED GOSPEL MESSAGES WERE DOWNLOADED FROM GRN SERVERS OVER THE INTERNET. THE NETWORK IN 2023, GRN ADDED RECORDINGS IN OVER 150 DIFFERENT LANGUAGES AND DIALECTS FROM AROUND THE WORLD THAT HAD NEVER BEEN RECORDED BY ANYONE BEFORE. 838564 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X JOHN GARMO 5203951399 16131 N VERNON DRIVE TUCSON AZ 85739 BILL CORNTHWAITE JR PRESIDENT 2.00 X X 0 0 0 MARK PEARSEY VICE PRESIDENT 2.00 X X 0 0 0 PRESTON KORN SECRETARY 2.00 X X 0 0 0 SKIP GARMO EXECUTIVE DIRECTOR 40.00 X X 0 0 4518 MACK TIMM TREASURER 2.00 X X 0 0 0 DAVID OVERSTREET MEMBER 2.00 X 0 0 0 TIM STRAUSS MEMBER 2.00 X 0 0 0 0 0 4518 0 0 0 0 0 1461721 1461721 354 354 16589 0 16589 16589 16589 2241 5411 -3170 -3170 OTHER INCOME 900099 820 820 820 1476314 -2350 0 16943 178934 178934 478056 329858 133856 14342 39379 26938 11260 1181 35172 35172 25939 25939 4233 4233 106315 45415 60900 79823 49258 30565 8130 8130 31864 19756 12108 SUPPORT AND PRODUCTION 151870 151870 PRINTING AND PUBLICATIO 18005 18005 MISC PRODUCTION AND REC 10400 10400 DUES AND SUBSCRIPTIONS 8290 8290 1679 1679 1178089 838564 324002 15523 432739 716692 1537128 1929917 926261 70697 887428 855564 2857295 3502173 51069 4933 51069 4933 X 2579094 3333457 227132 163783 2806226 3497240 2857295 3502173 298225 242022 150767 0 X 1 X 0 0 0 X 1273344 1060584 1177615 1039866 1461721 6013130 1273344 1060584 1177615 1039866 1461721 6013130 6013130 1559 1741 4318 92 354 8064 6021194 0.99870 0.99840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 159320 159320 637280 66383 570897 129661 4314 125347 855564 1 EAST ASIA AND THE PACIFIC 8 0 GRANTMAKING EVANGELISM 45210 NORTH AMERICA 7 0 GRANTMAKING EVANGELISM 79905 SOUTH ASIA 4 0 GRANTMAKING EVANGELISM 17765 SUB-SAHARAN AFRICA 5 0 GRANTMAKING EVANGELISM 36054 24 0 0 0 24 0 178934 0 178934 EAST ASIA AND THE PACIFIC MINISTRY - AUSTRALIA 9290 WIRE TRANSFER 0 SUB-SAHARAN AFRICA MINISTRY - GAMBIA 2500 WIRE TRANSFER 0 SUB-SAHARAN AFRICA MINISTRY - NIGERIA 25344 WIRE TRANSFER 0 SUB-SAHARAN AFRICA MINISTRY - SIERRA LEONE 2110 WIRE TRANSFER 0 SUB-SAHARAN AFRICA MINISTRY - SOUTH AFRICA 2000 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC MINISTRY - INDONESIA 150 WIRE TRANSFER 0 SOUTH ASIA MINISTRY - NEPAL 175 WIRE TRANSFER 0 SOUTH ASIA MINISTRY - PAKISTAN 2705 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC MINISTRY - THAILAND 12908 WIRE TRANSFER 0 NORTH AMERICA MINISTRY - MEXICO 14468 WIRE TRANSFER 0 MINISTRY - CANADA NORTH AMERICA 2 24375 WIRE TRANSFER MINISTRY - MEXICO NORTH AMERICA 4 41062 WIRE TRANSFER MINISTRY - NEPAL SOUTH ASIA 2 14885 WIRE TRANSFER MINISTRY - NIGERIA SUB-SAHARAN AFRICA 1 4100 WIRE TRANSFER MINISTRY - THAILAND EAST ASIA AND THE PACIFIC 5 22862 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: ALL FUNDS ARE DISBURSED TO ORGANIZATIONS THAT WORK IN A FORMAL PARTNERSHIP WITH GLOBAL RECORDINGS NETWORK. IN THAT PARTNERSHIP, THE INTERNATIONAL ENTITY SUBMITS AN ANNUAL BUDGET AS WELL AS MONTHLY FINANCIAL REPORTS TO THE GLOBAL RECORDINGS USA OFFICES. THERE ARE REVIEWED MONTHLY. AS PART OF THE PARTNERSHIP, EACH INTERNATIONAL ENTITY CONDUCTS AN INFORMAL THIRD PARTY REVIEW OF THEIR FINANCIALS. THE REVIEW IS SUBMITTED TO GLOBAL RECORDINGS USA OFFICES. PART I, LINE 3: METHOD OF ACCOUNTING IS ACCRUAL BASIS. GRANTS MADE TO SUPPORT THE EXEMPT PURPOSES OF THE GRANTING ORGANIZATION IN OTHER REGIONS OF THE WORLD. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE FORM 990 IS CIRCULATED AMONG BOARD MEMBERS FOR COMMENT PRIOR TO FORMAL VOTE TO APPROVE THE FILING WITH AN INDEPENDENT CPA. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CONSIDERS ANY CONFLICTS OF INTEREST THAT ARISE AND ENSURES THAT MEASURES ARE TAKEN TO DISCLOSE CONFLICTS AND ALSO TO REMOVE THOSE PARTIES FROM RELATED DECISIONS. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY IS APPROVED BY INDEPENDENT MEMBERS OF THE BOARD. REASONABLE COMPENSATION RATES ARE CONSIDERED. FORM 990, PART VI, SECTION C, LINE 18 THE DRAFT OF THE FORM 990 IS CIRCULATED AMONG BOARD MEMBERS FOR COMMENT PRIOR TO FORMAL VOTE TO APPROVE THE FILING WITH AN INDEPENDENT CPA. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS MADE UPON REQUEST.