r'+: OMB No 15450047 Form 990 I Return of Organization Exempt from Income Tax Under section 501(c), 527, or 4947(ax1) of the Internal Revenue Code 2003 (except black lung benefit trust or private foundation) Department of the Treasury Open to Public Internal Revenue Service ~ The organization may have to use a copy of this return to satisfy state reporting requirements Inspection A For the 2003 calendar ear, or tax year beginning , 2003, and ending B Check if applicable D Employer Identification Number Please us Address change IRS lobe NATL CHRISTIAN CHARITABLE FDN, INC . 58-1493949 or pnot Name change or type 1100 JOHNSON FERRY RD #900 E Telephone number s.0 ATLANTA, GA 30342 Initial return specific 404 .252 .0100 instruc" Accounting final return lions. Cash TAccrual Amended return Other (specify) "' Application pending e Section 501(cx3) organizations and 4947(ax1) nonexempt H and I are not applicable to section 527 organizations charitable trusts must attach a completed 5-chedule A H (a) Is this a group return for affiliates? Yes (Form 990 or 990-EZ). X No H (b) If 'Yes,' enter number of affiliates "' G Web Site: ", WWW . NAT IONALCHRISTIAN . COM H (C) Are all affiliates included ~ Yes El No J Organization t) e (If 'No,' attach a list See instructions ) (check only one ~ X 501(c) 3 ~ (insert no ) 4947(a)(1) or 1-1 527 H (d) Is this a separate return filed by an K Check here " if the organization's gross receipts are normally not more than organization covered by a group ruhng7 -r~ No $25,000 The organization need not file a return with the IRS, but if the organization F ] Yes received a Form 990 Package in the mail, it should file a return without financial data I Grou p Exe lion Number 11. Some states require a complete return . M Check 0- 1 if the organization is not required L Gross receipts : Add lines 6b, 8b, 9b, and lOb to line 12 0- 149,617,938 . to attach e B (Form 990, 990-E2, or 990-PF) I Revenue, Expenses, and Changes in Net Assets or Fund Balances (s ee 1 Contributions, gifts, grants, and similar amounts received a Direct public support 1 a 13 927,761 . b Indirect public support 1 b c Government contributions (grants) 1 c Total lines d (cash $ 62, 356, 980 . ooocasn $ 73, 570, 781 . ~ 1d 135, 927, 761 . 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 2,348,180 . 3 Membership dues and assessments 3 4 Interest on savings and temporary cash investments 4 5,829 789 . 5 Dividends and interest from securities 5 7,353,734 . 6a Gross rents 6a b Less rental expenses 6b c Net rental income or (loss) (subtract line 6b from line 6a) 6c R 7 Other investment income (describe 7 VE ~r,~ .~c~.w iuw 8a Gross amount from sales of assets other Other than inventory 8a b Less : cost or other basis and sales expenses 8b c Gain or (loss) (attach schedule) 8c d Net gain or (loss) (combine line 8c, columns (A) and (B)) 8d -1,841,526 . 9 Special events and activities (attach schedule) . If any amount is from gaming, check here cs~o a Gross revenue (not including $ of contributions reported on line la) 9a b Less' direct expenses other than fundraising expenses 9b c Net income or (loss) from special events (subt10 e_9kfrom line 9a) 9c 10a Gross sales of inventory, less returns and al ance 10a b Less cost of goods sold ~` 0 b c Grass profit or (loss) from sales of inventory (attach sch ~ (s btract line 10b from line lOc 11 Other revenue (from Part VII, line 103) V :r 7 11 12 Total revenue add lines ld, 2, 3, 4, 5, 6c, 7, 8d, and 111 12 149, 617, 938 . 13 Program services (from line 44, column (B) OGIr~,,~~' 13 114,004,355 . 14 Management and general (from line 44, column P 14 6,208,049 . 15 Fundraising (from line 44, column (D)) N 15 815, 786 . 16 Payments to affiliates (attach schedule) E 16 17 Total ex penses add lines 16 and 44, column A) 17 121,028 190 . 18 Excess or (deficit) for the year (subtract line 17 from line 12) 18 28,589,748 . E S 19 Net assets or fund balances al beginning of year (from line 73, column (A)) 19 304, 119, 298 . r T 20 Other changes in net assets or fund balances (attach explanation) SEE STATEMENT 1 20 20,425,199 . 21 Net assets or fund balances at end of ear (combine lines 18, 19, and 20) 21 353,134,245 . BAA For Paperwork Reduction Act Notice, see the separate instructions. TEEA0107L 10/03/03 Form 990(2003) Form 990 2003 NATL CHRISTIAN CHARITABLE FDN, INC . 58-1993949 Page 2 Part II Statement of Functional Ex enses All organizations must complete column (A). Columns (B), (C), and (D) are required for section 501(c)(3) and 4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others Do not include amounts reported on line I (B) Program I (C) Management I 66, 8b, 9b, 10b, or 16 of Part I (A) Total services and general ~D) Fundraising 22 Grants and allocations (att sch) (cash $ 13535925 . non-cash $ ) 22 1 113,535,925 .1 113, 535, 925 . 23 Specific assistance to individuals (att sch) 24 Benefits paid to or for members (att sch) 25 Compensation of officers, directors, etc 25 813 827 . 813 827 . 26 Other salaries and wages 26 962,590 . 962,590 . 27 Pension plan contributions 27 72 , 813 . 72 , 813m 28 Other employee benefits 28 182 691 . 182 691 . 29 Payroll taxes 29 116 854 . 116 854 . 30 Professional fundraising fees 30 31 Accounting fees 31 67 , 065 . 67 , 065 . 32 Legal fees 32 95 , 305 . 95 , 305 . 33 Supplies 33 31 , 378 . 31 , 378 . 34 Telephone 34 45 , 537 . 45 , 537 . 35 Postage and shipping 35 21 , 707 . 21 , 707 . 36 Occupancy 36 292 077 . 242 077 . 37 Equipment rental and maintenance 37 28 , 232 . 28,232 . 38 Printing and publications 38 19,905 . 19,905 . 39 Travel 39 131 659 . 131 659 . 40 Conferences, conventions, and meetings 40 35,085 . 35 , 085a 41 Interest 41 56 168 . 56 , 168 . 42 Deprecation, depletion, etc (attach schedule) 42 349,302 . 349,302 . 43 Other expenses not covered above (itemize) a SEE STATEMENT 2 43a 4,220,070 .E 468,430 .1 2,935,854 .1 815,786 . b c d e - - - - - - - - - - - - - - - 43e 44 Total functional expenses (add lines 22 - 43) ~arrythesetotalstollines131u~5s(B)-(D), 44 121,028,190 . 114 004,355 . 6,208,049 . 815 L 7 86 . Joint Costs. Check ~[:] if you are following SOP 98-2 Are any point costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? ~FlYes N No If 'Yes,' enter (i) the aggregate amount of these point costs $ ; (ii) the amount allocated to Program services $ , (iii) the amount allocated to Management and general $ ; and (iv) the amount allocated to Fundraising $ Statement of Program Service Accomplishments What is the organization's primary exempt purposes ~ SEE STATEMENT 3 _ _ _ _ _ Program Service Expenses (Reqcared for 501(c)(3) and All organizations must describe their exempt purpose achievements in aclear and _co_ncise ma nne_r State the number of (4) organizations and clients served publications issued, etc Discuss achievements that are not measurable. (Section 501(c) (3) & (4) organ- d947(a)(1) trusts, but izations and 4347(a)(1) nonexempt charitable trusts must also enter the amount of grants & allocations to others ) optional for others ) a THE FOUDNATION PROVIDES DISTRIBUTIONS AND ASSISTANCE TO NUMEROUS ORGANIZATIONS AND PROJECTS TO FACILITATE THE FURTHERANCE OF THE ORGANIZATION'S STATED PURPOSE . ------------------------------- (Grants and allocations $ 113, 535, 925 . ) 114,004,355 . b ------------------------------------------------------ ------------------------------------------------------ (Grants and allocations $ ) c ------------------------------------------------------ ------------------------------------------------------ (Grants and allocations $ ) d ------------------------------------------------------ ------------------------------------------------------ (Grants and allocations $ ) e Other program services and allocations $ 44 BAA TEEA0102L 10/03/03 Form 990 (2003) c_ __ r. r Form 990 (2003) NATL CHRISTIAN CHARITABLE FDN, INC . 58-1493949 Page 3 Part IV Balance Sheets (see Instructions) Note: Where required, attached schedules and amounts within the description (A) (B) column should be for end-of-year amounts only Beginning of year End of year 45 Cash - non - interest -bearing 45 46 Savings and temporary cash investments 35, 009, 224 . 46 67 388, 870 . 47a Accounts receivable . 47a 35,832 . bless allowance for doubtful accounts 47b 238,897 . 47c 35,832 . 48a Pledges receivable 48a b Less. allowance for doubtful accounts 48b 48c 49 Grants receivable 49 50 Receivables from officers, directors, trustees, and key s employees (attach schedule) . 50 s 51 a Other notes & loans receivable (attach sch) 51 a 35,938 , 001 . s b Less allowance for doubtful accounts 51 b 11, 931, 796 . 51c 35,938,0 01 . 52 Inventories for sale or use . 52 53 Prepaid expenses and deferred charges . 27,877 . 53 66,054 . 54 Investments - securities (attach schedule) ~~ Cost[] FMV 226, 029, 512 . 54 249 393, 605 . 55a Investments - land, buildings, & equipment basis 55a 424,944 . b Less accumulated depreciation (attach schedule) STATEMENT 4 55b 743,270 . 55c 424,944 . 56 Investments - other (attach schedule) 31 552, 220 . 56 2 , 839, 637 . 57a Land, buildings, and equipment . basis 57a 432 489 . b Less accumulated depreciation (attach schedule) STATEMENT 5 57b 180, 540 . 901, 989 . 57c 251, 949 . 58 Other assets (describe - SEE STATEMENT 6 ) 58 3 . 59 Total assets add lines 45 through 58) (must eq ual line 74) 306, 434, 785 .