Skip to content
Nonprofiteer
← WORLD BIBLE SCHOOL INCORPORATED

Form 990 for tax year 2023

Filed by WORLD BIBLE SCHOOL INCORPORATED.

Totals

Total revenue
$5,549,158
Total expenses
$4,845,648
Contributions and grants received
$4,841,690
Grants paid
$0
Program service revenue
$574,454
Investment income
$157,680
Other revenue
-$24,666
Total assets, end of year
$6,900,057
Total liabilities, end of year
$22,409
Net assets or fund balances, end of year
$6,877,648
Program services expenses (Part IX)
$3,459,567
Management and general expenses
$641,102
Fundraising expenses
$744,979
Program service expenses (Part III)
$3,459,567

Program services were 71.4% 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

    $161,481

  • 1f · All other contributions, gifts and grants

    $4,680,209

  • 1g · Noncash contributions included above

    $15,219

  • 2a · Program service revenue: BIBLES & BIBLE COURSES

    total $574,454 · related or exempt $574,454

  • 3 · Investment income

    total $157,680 · excluded $157,680

  • 5 · Royalties

    total $100 · excluded $100

  • 8a · Fundraising events: contributions included on line 1c

    $161,481

  • 8b · Fundraising events: direct expenses

    $24,766

  • 8c · Net income from fundraising events

    total -$24,766 · excluded -$24,766

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $482,671 · program services $259,665 · management and general $86,406 · fundraising $136,600

  • 7 · Other salaries and wages

    total $1,263,225 · program services $755,841 · management and general $192,930 · fundraising $314,454

  • 8 · Pension plan contributions

    total $90,886 · management and general $90,886

  • 9 · Other employee benefits

    total $391,036 · program services $182,278 · management and general $78,401 · fundraising $130,357

  • 10 · Payroll taxes

    total $54,879 · program services $37,790 · management and general $10,937 · fundraising $6,152

  • 11c · Fees: accounting

    total $18,125 · management and general $18,125

  • 11g · Fees: other

    total $350,345 · program services $347,586 · management and general $2,528 · fundraising $231

  • 12 · Advertising and promotion

    total $514,525 · program services $447,808 · management and general $693 · fundraising $66,024

  • 13 · Office expenses

    total $33,299 · program services $12,195 · management and general $9,681 · fundraising $11,423

  • 14 · Information technology

    total $115,565 · program services $105,640 · management and general $9,480 · fundraising $445

  • 16 · Occupancy

    total $29,828 · program services $993 · management and general $28,835

  • 17 · Travel

    total $202,267 · program services $123,205 · management and general $9,115 · fundraising $69,947

  • 19 · Conferences, conventions and meetings

    total $9,677 · program services $1,476 · management and general $6,878 · fundraising $1,323

  • 22 · Depreciation, depletion and amortization

    total $40,289 · management and general $40,289

  • 23 · Insurance

    total $25,653 · management and general $25,653

  • 24a · Other expenses: SERVICE CENTERS

    total $778,891 · program services $778,891

  • 24b · Other expenses: POSTAGE

    total $226,897 · program services $217,130 · management and general $3,288 · fundraising $6,479

  • 24c · Other expenses: PRINTING

    total $166,483 · program services $166,483

  • 24d · Other expenses: COMMUNICATIONS

    total $38,088 · program services $22,411 · management and general $14,528 · fundraising $1,149

  • 24e · All other expenses

    total $13,019 · program services $175 · management and general $12,449 · fundraising $395

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $659,720 · end of year $1,050,440

  • 2 · Savings and temporary cash investments

    beginning of year $123,536

  • 10a · Land, buildings and equipment: cost or other basis

    $1,233,237

  • 10b · Land, buildings and equipment: accumulated depreciation

    $710,066

  • 10c · Land, buildings and equipment, net

    beginning of year $558,537 · end of year $523,171

  • 11 · Investments: publicly traded securities

    beginning of year $4,592,045 · end of year $5,304,843

  • 15 · Other assets

    beginning of year $24,373 · end of year $21,603

  • 25 · Other liabilities

    beginning of year $25,978 · end of year $22,409

  • 27 · Net assets without donor restrictions

    beginning of year $5,663,464 · end of year $6,372,835

  • 28 · Net assets with donor restrictions

    beginning of year $268,769 · end of year $504,813

Mission and programs · 2023

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 $1,523,055

  • COURSE PUBLICATIONS PROVIDE CHRISTIAN EDUCATIONAL MATERIALS TO TEACHERS IN ORDER FOR THEM TO TEACH AND MINISTER TO PEOPLE AROUND THE WORLD.

    Expenses $1,005,266 · Revenue $574,454

  • WBS OFFERS COURSES THROUGH THE INTERNET TO REACH A LARGER POPULATION OF STUDENTS.

    Expenses $931,246

  • 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 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Davis

    PRESIDENT

    Total calculated
    $127,379
    From this org
    $71,557
    From related orgs
    $0
    Other
    $55,822
    Hours/week
    40

  • Tim Yaeger

    CIO

    Total calculated
    $142,523
    From this org
    $100,261
    From related orgs
    $0
    Other
    $42,262
    Hours/week
    40

  • Kevin Rhodes

    BUSINESS AFF

    Total calculated
    $72,276
    From this org
    $28,461
    From related orgs
    $0
    Other
    $43,815
    Hours/week
    40

  • Marcus McKee

    CHIEF GROWTH

    Total calculated
    $95,790
    From this org
    $47,790
    From related orgs
    $0
    Other
    $48,000
    Hours/week
    40

  • Charles Ganus

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dennis Raesener

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • George Barlow

    DIRECTOR (JA

    Total calculated
    $28,450
    From this org
    $15,432
    From related orgs
    $0
    Other
    $13,018
    Hours/week
    1

  • Lori Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Cates

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ava Conley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Garmon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Jenkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Rall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Robinett

    BOARD MEMBER

    Total calculated
    $44,703
    From this org
    $44,703
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Josh Sneed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brady Shirley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patsie Trowbridge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wes Ritchie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Washington Mhlanga

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terry Ware

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian White

    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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202403209349327835

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.