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2012 Fiscal Year - End Review

October 11, 2012

Our fiscal year ended on June 30, 2012. Our total income for the year was $1,449,439 (unaudited) of which $402,518 were contributions, with the balance being sales, royalties, and interest income. Our annual, independent CPA firm audit has already begun.

Each major component of our sources of income is down from the previous fiscal year. Our income from sales was down about $107,000, and our contributions were down $106,000. Like many other ministries, we are feeling the financial crunch that has personally affected many of our readers and contributors.

Last fiscal year we had expenses over revenue of $240,000. Due to the drastic cuts in almost every conceivable expense, we greatly improved this all-important category despite receiving less income than the previous fiscal year. Our expenses over revenue this year were $60,000, an improvement of $180,000 despite less income. Our goal this year is to minister as much as we can with the resources God provides to us through sales of our material and the generous contributions of about 1,000 of our followers.

The publishing industry of which we are a part is changing rapidly. There are between 1.5 million and 2 million books per year being published. The competition has never been greater. E-book sales have grown exponentially; online sales are a major component of our business. We are continually shifting our focus to where the action is in publishing.

Our concern is not how our accounting works out; our goals are worldwide evangelism and to minister to families in the U.S. and abroad. Once our overhead is accounted for, every available dollar we receive goes to ministry. Designated donations go 100% to the designated area, without regard for our overhead. We continue to operate NGJ at maximum efficiency.

Our single largest ministry expense is the Good and Evil Project. We continue to release new language translations every month. By December, we expect to release the full Good and Evil animation DVD set. This is being created with evangelism in mind. We are creating this so missionary groups can convert these DVDs to their language in a very efficient way. This method creates extra production time and expense, but within a year after its release it should be available in over 25 languages.

We appreciate your strong support of our ministry through your sacrificial giving and the purchase of our products. If you have any questions regarding our finances or want to know how you can help, please contact me directly at [email protected] or call me at 931-593-2484.