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← BIBLES FOR MISSIONSTHRIFT CENTERS

Form 990 for tax year 2022

Filed by BIBLES FOR MISSIONSTHRIFT CENTERS.

Totals

Total revenue
$6,938,502
Total expenses
$6,320,919
Contributions and grants received
$115,294
Grants paid
$4,160,000
Program service revenue
$6,744,738
Investment income
$3,892
Other revenue
$74,578
Total assets, end of year
$9,731,577
Total liabilities, end of year
$2,668,871
Net assets or fund balances, end of year
$7,062,706
Program services expenses (Part IX)
$6,187,260
Management and general expenses
$133,659
Fundraising expenses
$0
Program service expenses (Part III)
$6,187,260

Program services were 97.9% 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.

  • 1e · Government grants (contributions)

    $3,218

  • 1f · All other contributions, gifts and grants

    $112,076

  • 2a · Program service revenue: THRIFT STORE SALES

    total $6,744,738 · excluded $6,744,738

  • 3 · Investment income

    total $3,892 · excluded $3,892

  • 6a · Gross rents

    real property $74,578

  • 6c · Rental income or loss

    real property $74,578

  • 6d · Net rental income or loss

    total $74,578 · excluded $74,578

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,160,000 · program services $4,160,000

  • 5 · Compensation of officers, directors and key employees

    total $101,572 · program services $25,393 · management and general $76,179

  • 7 · Other salaries and wages

    total $97,291 · program services $97,291

  • 10 · Payroll taxes

    total $17,328 · program services $10,690 · management and general $6,638

  • 11c · Fees: accounting

    total $9,882 · program services $167 · management and general $9,715

  • 12 · Advertising and promotion

    total $14,878 · program services $14,878

  • 16 · Occupancy

    total $1,099,794 · program services $1,092,125 · management and general $7,669

  • 17 · Travel

    total $18,052 · program services $11,701 · management and general $6,351

  • 20 · Interest

    total $108,167 · program services $108,167

  • 22 · Depreciation, depletion and amortization

    total $243,894 · program services $239,042 · management and general $4,852

  • 24a · Other expenses: POSTAGE & DELIVERY

    total $83,223 · program services $82,989 · management and general $234

  • 24b · Other expenses: CREDIT CARD FEES

    total $73,644 · program services $73,644

  • 24c · Other expenses: STORE EXPENSE

    total $64,745 · program services $64,745

  • 24d · Other expenses: OFFICE SUPPLIES

    total $58,747 · program services $58,724 · management and general $23

  • 24e · All other expenses

    total $169,702 · program services $147,704 · management and general $21,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,655,595 · end of year $2,077,097

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

    $9,752,564

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

    $2,115,813

  • 10c · Land, buildings and equipment, net

    beginning of year $7,300,693 · end of year $7,636,751

  • 15 · Other assets

    beginning of year $23,229 · end of year $17,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,763 · end of year $37,489

  • 22 · Loans and payables to officers and key people

    beginning of year $47,070 · end of year $13,746

  • 23 · Secured mortgages and notes payable

    beginning of year $2,458,561 · end of year $2,617,636

  • 27 · Net assets without donor restrictions

    beginning of year $6,445,123 · end of year $7,062,706

Mission and programs · 2022

Mission

TO RAISE FUNDS FOR STRATEGICALLY SELECTED MINISTRIES THAT SHARE THE GOOD NEWS OF JESUS CHRIST AROUND THE WORLD.

  • THE ORGANIZATION HAS A NUMBER OF INDIVIDUAL STORES OPERATING IN SEVERAL STATES IN THE USA. THE ORGANIZATION HAS HUNDREDS OF INDIVIDUALS THAT DONATE THEIR TIME TO OPERATE AND MANAGE THE THRIFT STORES. DONATED ITEMS ARE ACCEPTED AT EACH STORE AND PLACED ON THE SALES FLOOR. DONATED GOODS ARE SOLD AT GREATLY REDUCED PRICES TO THE GENERAL PUBLIC. NET PROCEEDS ARE CONTRIBUTED TO THE BIBLE LEAGUE INTERNATIONAL, MINNESOTA COALITION FOR EASTERN EUROPE, IGO WORLDWIDE, WORLD MISSION, LIVING WATER, AND BELLEVUE BAPTIST CHURCH-MISSIONS FUND, AND USED TO PLACE NEW TESTAMENTS AND BIBLES THROUGH OUT THE WORLD. THE BIBLES ARE PLACED IN THE COUNTRIES CHOSEN BY EACH STORE. THROUGH THE EFFORTS OF HUNDREDS OF VOLUNTEERS AT BIBLES FOR MISSIONS THRIFT CENTERS, MILLIONS OF SCRIPTURES HAVE BEEN PLACED WORLDWIDE.

    Expenses $6,187,260 · Grants $4,160,000 · Revenue $6,744,738

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN SCAFE

    NATIONAL DIR

    Total calculated
    $101,572
    From this org
    $101,572
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DAN RINZEMA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • KEN JIPPING

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • JULIE OZIOS

    VP OF OPERAT

    Total calculated
    $0
    Hours/week
    5

  • CURT CHADWICK

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • DAN JIPPING

    ASST. SECRET

    Total calculated
    $0
    Hours/week
    5

  • MATT VERMEER

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • MERLE EMORY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RONN KREPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323189349301832

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