Form 990 for tax year 2022
Filed by WORLD BIBLE SCHOOL INCORPORATED.
Totals
- Total revenue
- $4,592,996
- Total expenses
- $5,135,695
- Contributions and grants received
- $3,735,875
- Grants paid
- $0
- Program service revenue
- $807,408
- Investment income
- $79,969
- Other revenue
- -$30,256
- Total assets, end of year
- $5,958,211
- Total liabilities, end of year
- $25,978
- Net assets or fund balances, end of year
- $5,932,233
- Program services expenses (Part IX)
- $3,793,213
- Management and general expenses
- $401,947
- Fundraising expenses
- $940,535
- Program service expenses (Part III)
- $3,793,213
Program services were 73.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$161,265
-
1f · All other contributions, gifts and grants
$3,574,610
-
2a · Program service revenue: BIBLES & BIBLE COURSES
total $807,408 · related or exempt $807,408
-
3 · Investment income
total $79,969 · excluded $79,969
-
5 · Royalties
total $1,011 · excluded $1,011
-
8a · Fundraising events: contributions included on line 1c
$161,265
-
8b · Fundraising events: direct expenses
$31,267
-
8c · Net income from fundraising events
total -$31,267 · excluded -$31,267
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $446,155 · program services $262,257 · management and general $28,007 · fundraising $155,891
-
7 · Other salaries and wages
total $1,066,172 · program services $624,280 · management and general $80,426 · fundraising $361,466
-
8 · Pension plan contributions
total $71,123 · management and general $71,123
-
9 · Other employee benefits
total $376,534 · program services $219,335 · management and general $13,908 · fundraising $143,291
-
10 · Payroll taxes
total $34,354 · program services $20,869 · management and general $7,455 · fundraising $6,030
-
11c · Fees: accounting
total $17,300 · management and general $17,300
-
11g · Fees: other
total $502,214 · program services $492,141 · management and general $4,333 · fundraising $5,740
-
12 · Advertising and promotion
total $653,782 · program services $498,951 · management and general $511 · fundraising $154,320
-
13 · Office expenses
total $36,844 · program services $16,233 · management and general $11,718 · fundraising $8,893
-
14 · Information technology
total $100,733 · program services $93,912 · management and general $5,880 · fundraising $941
-
16 · Occupancy
total $53,092 · program services $6,902 · management and general $46,190
-
17 · Travel
total $279,291 · program services $190,374 · management and general $2,008 · fundraising $86,909
-
19 · Conferences, conventions and meetings
total $20,808 · program services $3,710 · management and general $11,902 · fundraising $5,196
-
22 · Depreciation, depletion and amortization
total $46,774 · management and general $46,774
-
23 · Insurance
total $24,668 · management and general $24,668
-
24a · Other expenses: SERVICE CENTERS
total $574,310 · program services $574,310
-
24b · Other expenses: PRINTING
total $425,443 · program services $424,793 · management and general $527 · fundraising $123
-
24c · Other expenses: POSTAGE
total $338,085 · program services $326,734 · management and general $2,136 · fundraising $9,215
-
24d · Other expenses: COMMUNICATIONS
total $40,391 · program services $22,597 · management and general $15,757 · fundraising $2,037
-
24e · All other expenses
total $27,622 · program services $15,815 · management and general $11,324 · fundraising $483
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $780,265 · end of year $659,720
-
2 · Savings and temporary cash investments
beginning of year $373,497 · end of year $123,536
-
8 · Inventories for sale or use
beginning of year $310,521
-
10a · Land, buildings and equipment: cost or other basis
$1,228,314
-
10b · Land, buildings and equipment: accumulated depreciation
$669,777
-
10c · Land, buildings and equipment, net
beginning of year $601,109 · end of year $558,537
-
11 · Investments: publicly traded securities
beginning of year $5,062,985 · end of year $4,592,045
-
15 · Other assets
beginning of year $31,651 · end of year $24,373
-
25 · Other liabilities
beginning of year $31,651 · end of year $25,978
-
27 · Net assets without donor restrictions
beginning of year $6,792,851 · end of year $5,663,464
-
28 · Net assets with donor restrictions
beginning of year $335,526 · end of year $268,769
Mission and programs · 2022
Mission
WORLD BIBLE SCHOOL, INC. IS A RELIGIOUS NOT-FOR-PROFIT ORGANIZATION DEDICATED TO TEACHING THE GOSPEL OF CHRIST BY USING BIBLE CORRESPONDENCE COURSES. THIS MISSION OF WBS IS WORLDWIDE AND IS SUPPORTED PRIMARILY BY CONTRIBUTIONS FROM INDIVIDUALS AND CHURCHES. WBS IS ASSOCIATED WITH CHURCHES OF CHRIST.
Activities or mission (Part I)
RELIGIOUS EDUCATION TO THE UNCHURCHED.
-
ADVERTISING AND PROMOTIONAL PROGRAMS TO RECRUIT STUDENTS FOR WBS PUBLICATIONS, CORRESPONDENCE AND OTHER EDUCATIONAL COURSES.
Expenses $1,633,427 · Revenue $250
-
COURSE PUBLICATIONS PROVIDE CHRISTIAN EDUCATIONAL MATERIALS TO TEACHERS IN ORDER FOR THEM TO TEACH AND MINISTER TO PEOPLE AROUND THE WORLD.
Expenses $862,271 · Revenue $807,158
-
WBS OFFERS COURSES THROUGH THE INTERNET TO REACH A LARGER POPULATION OF STUDENTS.
Expenses $1,297,515
-
CONTRIBUTION TO EXEMPT ORGANIZATION SUPPORTING TEACHERS AND STUDENTS DEDICATED TO TEACH AND LEARN ABOUT THE GOSPEL OF CHRIST BY USING BIBLE CORRESPONDENCE COURSES. MAILBOXES AND OR SCANNERS HAVE BEEN SET UP IN SEVENTEEN NATIONS FOR LOCAL STUDENTS TO MAIL OR SCAN THEIR LESSONS TO TEACHERS IN THE UNITED STATES. MAILBOXES ALLOW STUDENTS TO MAIL THEIR LESSONS USING CHEAPER DOMESTIC MAIL, RATHER THAN MORE EXPENSIVE INTERNATIONAL MAILING AND SCANNERS SPEED UP THE TIME IN BETWEEN LESSON EXCHANGES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brian DavisBRIAN DAVIS
PRESIDENT
- Total calculated
- $126,333
- From this org
- $72,904
- From related orgs
- $0
- Other
- $53,429
- Hours/week
- 40
-
Tim YaegerTIM YAEGER
CIO
- Total calculated
- $137,174
- From this org
- $84,285
- From related orgs
- $0
- Other
- $52,889
- Hours/week
- 40
-
Kevin RhodesKEVIN RHODES
BUSINESS AFF
- Total calculated
- $89,554
- From this org
- $35,444
- From related orgs
- $0
- Other
- $54,110
- Hours/week
- 40
-
Marcus McKeeMARCUS MCKEE
CHIEF GROWTH
- Total calculated
- $93,000
- From this org
- $45,000
- From related orgs
- $0
- Other
- $48,000
- Hours/week
- 40
-
Charles GanusCHARLES GANUS
CHAIRMAN (OC
- Total calculated
- $0
- Hours/week
- 1
-
Howard NortonHOWARD NORTON
CHAIRMAN (JA
- Total calculated
- $0
- Hours/week
- 1
-
Dennis RaesenerDENNIS RAESENER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Lori BoydLORI BOYD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Justin CatesJUSTIN CATES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ava ConleyAVA CONLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Fred HeathFRED HEATH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey GarmonLINDSEY GARMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff JenkinsJEFF JENKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Machona MonyamaneMACHONA MONYAMANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Keith RallKEITH RALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy RobinettJEREMY ROBINETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff SmithJEFF SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Josh SneedJOSH SNEED
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles WilsonCHARLES WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brady ShirleyBRADY SHIRLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patsie TrowbridgePATSIE TROWBRIDGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wes RitchieWES RITCHIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Washington MhlangaWASHINGTON MHLANGA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Al CampbellAL CAMPBELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George BarlowGEORGE BARLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349325471
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