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Nonprofiteer
← MINISTERIO BIBLICO VERBO DIVINO

Form 990 for tax year 2022

Filed by MINISTERIO BIBLICO VERBO DIVINO.

Totals

Total revenue
$1,303,873
Total expenses
$1,159,206
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,303,873
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,005,491
Total liabilities, end of year
$78,789
Net assets or fund balances, end of year
$1,926,702
Program services expenses (Part IX)
$1,073,064
Management and general expenses
$86,142
Fundraising expenses
$0
Program service expenses (Part III)
$1,073,064

Program services were 92.6% 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.

  • 2a · Program service revenue: BOOK SALES

    total $1,303,873 · related or exempt $1,303,873

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $115,498 · program services $115,498

  • 9 · Other employee benefits

    total $4,800 · management and general $4,800

  • 10 · Payroll taxes

    total $12,589 · program services $12,589

  • 11b · Fees: legal

    total $113 · management and general $113

  • 11c · Fees: accounting

    total $11,535 · management and general $11,535

  • 12 · Advertising and promotion

    total $9,708 · program services $9,708

  • 16 · Occupancy

    total $39,600 · program services $39,600

  • 17 · Travel

    total $2,917 · program services $2,917

  • 22 · Depreciation, depletion and amortization

    total $26,226 · program services $20,981 · management and general $5,245

  • 23 · Insurance

    total $25,014 · program services $25,014

  • 24a · Other expenses: COST OF BOOKS SOLD

    total $697,006 · program services $697,006

  • 24b · Other expenses: SHIPPING

    total $114,210 · program services $114,210

  • 24c · Other expenses: RELIGIOUS STIPENDS

    total $35,900 · program services $5,030 · management and general $30,870

  • 24d · Other expenses: BANK CHARGES

    total $22,746 · program services $22,746

  • 24e · All other expenses

    total $41,344 · program services $7,765 · management and general $33,579

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $592,235 · end of year $666,715

  • 4 · Accounts receivable

    beginning of year $143,745 · end of year $144,812

  • 8 · Inventories for sale or use

    beginning of year $606,972 · end of year $615,999

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,163 · end of year $10,185

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

    $920,906

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

    $353,126

  • 10c · Land, buildings and equipment, net

    beginning of year $590,351 · end of year $567,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,431 · end of year $78,789

  • 27 · Net assets without donor restrictions

    beginning of year $1,782,035 · end of year $1,926,702

Mission and programs · 2022

Mission

TO DIFFUSE THE WORD OF GOD AS CONTAINED IN THE BIBLE, AND TO PROMOTE THE KNOWLEDGE AND UNDERSTANDING OF THIS WORD THROUGH VARIOUS FORMS OF MEDIA, PRINCIPALLY THE PRINTED WORD, WITH THE AIM OF DEEPENING THE SPIRITUAL LIVES OF PEOPLE.

  • TO DIFFUSE THE WORD OF GOD AS CONTAINED IN THE BIBLE, AND TO PROMOTE THE KNOWLEDGE AND UNDERSTANDING OF THIS WORD THROUGH VARIOUS FORMS OF MEDIA, PRINCIPALLY THE PRINTED WORD, WITH THE AIM OF DEEPENING THE SPIRITUAL LIVES OF PEOPLE.

    Expenses $1,073,064 · Revenue $1,303,873

As filed on the 2022 return.

Listed in Part VII

  • Soney Sebastian

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Roberto Flores

    EX OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Kirby

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Danh Van Pham

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Hieu Nguyen

    TREASURER

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 February 2024
IRS schema version
2022v5.0
Source object
202430579349301253

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