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Nonprofiteer
← LUTHERAN BIBLE TRANSLATORS INC

Form 990 for tax year 2023

Filed by LUTHERAN BIBLE TRANSLATORS INC.

Totals

Total revenue
$7,258,717
Total expenses
$7,228,567
Contributions and grants received
$7,082,756
Grants paid
$1,526,163
Program service revenue
$0
Investment income
$166,302
Other revenue
$9,659
Total assets, end of year
$16,567,602
Total liabilities, end of year
$349,429
Net assets or fund balances, end of year
$16,218,173
Program services expenses (Part IX)
$5,866,681
Management and general expenses
$840,490
Fundraising expenses
$521,396
Program service expenses (Part III)
$5,866,681

Program services were 81.2% 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.

  • 1e · Government grants (contributions)

    $235,333

  • 1f · All other contributions, gifts and grants

    $6,847,423

  • 1g · Noncash contributions included above

    $97,737

  • 3 · Investment income

    total $311,999 · excluded $311,999

  • 7a · Gross sales of assets other than inventory

    securities $5,501,554 · other assets $100

  • 7b · Less cost or other basis and sales expenses

    securities $5,646,156 · other assets $1,195

  • 7c · Gain or loss

    securities -$144,602 · other assets -$1,095

  • 7d · Net gain or loss

    total -$145,697 · excluded -$145,697

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,659 · related or exempt $9,659

  • 11e · Other revenue, total

    $9,659

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $202,886 · program services $202,886

  • 3 · Grants to foreign organizations and individuals

    total $1,323,277 · program services $1,323,277

  • 5 · Compensation of officers, directors and key employees

    total $161,884 · fundraising $161,884

  • 7 · Other salaries and wages

    total $1,775,716 · program services $1,227,294 · management and general $316,121 · fundraising $232,301

  • 8 · Pension plan contributions

    total $182,239 · program services $128,929 · management and general $33,209 · fundraising $20,101

  • 9 · Other employee benefits

    total $489,277 · program services $355,420 · management and general $101,867 · fundraising $31,990

  • 10 · Payroll taxes

    total $131,692 · program services $91,822 · management and general $19,811 · fundraising $20,059

  • 11f · Fees: investment management

    total $68,177 · management and general $68,177

  • 11g · Fees: other

    total $343,097 · program services $269,665 · management and general $73,432

  • 12 · Advertising and promotion

    total $95,825 · program services $62,782 · management and general $18 · fundraising $33,025

  • 13 · Office expenses

    total $101,596 · program services $61,326 · management and general $40,270

  • 16 · Occupancy

    total $174,534 · program services $163,127 · management and general $11,407

  • 17 · Travel

    total $622,333 · program services $511,814 · management and general $110,519

  • 19 · Conferences, conventions and meetings

    total $70,740 · program services $66,069 · management and general $4,671

  • 22 · Depreciation, depletion and amortization

    total $34,916 · program services $24,556 · management and general $10,360

  • 24a · Other expenses: SPECIAL PROJECT

    total $1,209,990 · program services $1,209,990

  • 24b · Other expenses: OTHER EXPENSES

    total $102,280 · program services $67,069 · management and general $13,175 · fundraising $22,036

  • 24c · Other expenses: MISSIONARY/ NATIONAL SUPP

    total $63,559 · program services $57,762 · management and general $5,797

  • 24d · Other expenses: SUPPLIES

    total $43,775 · program services $29,506 · management and general $14,269

  • 24e · All other expenses

    total $30,774 · program services $13,387 · management and general $17,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $421,423 · end of year $469,847

  • 2 · Savings and temporary cash investments

    beginning of year $2,366,907 · end of year $3,593,323

  • 3 · Pledges and grants receivable

    beginning of year $2,592,900 · end of year $792,109

  • 4 · Accounts receivable

    beginning of year $10,952

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,550 · end of year $47,705

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

    $663,683

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

    $495,220

  • 10c · Land, buildings and equipment, net

    beginning of year $169,217 · end of year $168,463

  • 11 · Investments: publicly traded securities

    beginning of year $8,420,351 · end of year $9,836,299

  • 14 · Intangible assets

    end of year $95,286

  • 15 · Other assets

    beginning of year $1,966,576 · end of year $1,564,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $285,352 · end of year $205,474

  • 25 · Other liabilities

    end of year $143,955

  • 27 · Net assets without donor restrictions

    beginning of year $11,700,543 · end of year $13,512,179

  • 28 · Net assets with donor restrictions

    beginning of year $3,992,981 · end of year $2,705,994

Mission and programs · 2023

Mission

THE MISSION OF LUTHERAN BIBLE TRANSLATORS IS TO MAKE GOD'S WORD ACCESSIBLE TO THOSE WHO DO NOT YET HAVE IT IN THE LANGUAGE OF THEIR HEARTS.

  • FIELDS SERVICES - TO PROVIDE SUPPORT FOR OVERSEAS AND IN COUNTRY MISSIONARIES.

    Expenses $5,550,100 · Grants $1,526,163

  • PROGRAM MINISTRIES - TO TRANSLATE THE BIBLE INTO LOCAL LANGUAGES, TO PROVIDE LITERACY MATERIALS AND TRAINING TO HELP PEOPLE TO READ, AND TO PROVIDE ASSISTANCE FOR THE OTHER NATIONALS DOING THE SAME IN THEIR HOME COUNTRY.

    Expenses $316,581

As filed on the 2023 return.

Listed in Part VII

  • MARLIS NORTON

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LTCOL NICKIE WILSON USAF RET

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DR JOHNNIE DRIESSNER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • REV DR WAYNE BRAUN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • EDWARD LAMB

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DEACONESS SONJA BAUMEISTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • REV DR MARIN CERCHEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • REV DR PAUL MUELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBIN DOMEIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • REV DR PETER MEIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD RUDOWSKE

    EXECUTIVE DI

    Total calculated
    $161,884
    From this org
    $126,248
    From related orgs
    $0
    Other
    $35,636
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,248
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,108
    Nontaxable benefits
    $22,528
    Filer's total
    $161,884

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1B
THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE CORPORATION, AND AS SUCH, THE CORPORATION OBLIGATES ITSELF TO PAY THE EXECUTIVE DIRECTOR AN ADEQUATE COMPENSATION, TO BE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.0
Source object
202433049349303008

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