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Nonprofiteer
← SLAVIC MISSIONARY BIBLE SCHOOL INC

Form 990 for tax year 2023

Filed by SLAVIC MISSIONARY BIBLE SCHOOL INC.

Totals

Total revenue
$947,497
Total expenses
$1,266,577
Contributions and grants received
$540,024
Grants paid
$277,688
Program service revenue
$376,181
Investment income
$7,538
Other revenue
$23,754
Total assets, end of year
$892,078
Total liabilities, end of year
$560,621
Net assets or fund balances, end of year
$331,457
Program services expenses (Part IX)
$1,246,059
Management and general expenses
$20,518
Fundraising expenses
$0
Program service expenses (Part III)
$1,246,059

Program services were 98.4% 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.

  • 1f · All other contributions, gifts and grants

    $540,024

  • 2a · Program service revenue: Tuition

    total $212,553 · related or exempt $212,553

  • 2b · Program service revenue: Mission Payments

    total $118,240 · related or exempt $118,240

  • 2c · Program service revenue: Miscellaneous

    total $45,388 · related or exempt $45,388

  • 7a · Gross sales of assets other than inventory

    securities $7,538

  • 7c · Gain or loss

    securities $7,538

  • 7d · Net gain or loss

    total $7,538 · related or exempt $7,538

  • 10a · Gross sales of inventory

    $59,760

  • 10b · Cost of goods sold

    $36,006

  • 10c · Net income from sales of inventory

    total $23,754 · related or exempt $23,754

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,880 · program services $43,880

  • 3 · Grants to foreign organizations and individuals

    total $233,808 · program services $233,808

  • 7 · Other salaries and wages

    total $169,591 · program services $157,739 · management and general $11,852

  • 10 · Payroll taxes

    total $12,974 · program services $12,974

  • 11b · Fees: legal

    total $862 · program services $862

  • 11c · Fees: accounting

    total $3,000 · program services $2,700 · management and general $300

  • 12 · Advertising and promotion

    total $1,135 · program services $1,135

  • 13 · Office expenses

    total $1,792 · program services $1,613 · management and general $179

  • 14 · Information technology

    total $20,721 · program services $18,649 · management and general $2,072

  • 16 · Occupancy

    total $153,812 · program services $153,812

  • 17 · Travel

    total $27,664 · program services $27,664

  • 19 · Conferences, conventions and meetings

    total $734 · management and general $734

  • 20 · Interest

    total $3,933 · program services $3,933

  • 22 · Depreciation, depletion and amortization

    total $21,915 · program services $21,915

  • 23 · Insurance

    total $12,220 · program services $12,220

  • 24a · Other expenses: Contract Labor

    total $318,006 · program services $318,006

  • 24b · Other expenses: Food Department

    total $52,468 · program services $52,468

  • 24c · Other expenses: Donations

    total $85,000 · program services $85,000

  • 24e · All other expenses

    total $103,062 · program services $97,681 · management and general $5,381

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $363,308 · end of year $476,979

  • 4 · Accounts receivable

    beginning of year $62,912 · end of year $6,418

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

    $612,594

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

    $203,913

  • 10c · Land, buildings and equipment, net

    beginning of year $382,993 · end of year $408,681

  • 15 · Other assets

    beginning of year $2,790

  • 17 · Accounts payable and accrued expenses

    end of year $2,227

  • 24 · Unsecured notes and loans payable

    beginning of year $144,671 · end of year $140,912

  • 25 · Other liabilities

    beginning of year $16,795 · end of year $417,482

  • 27 · Net assets without donor restrictions

    beginning of year $650,537 · end of year $331,457

Mission and programs · 2023

Mission

Encourage and inspire Christians to fervently serve God, lay a foundation of Biblical truths, guide students in determining their calling, provide practical preparation for ministry and extensive preparation for missionary work, & plant churches among the unreached.

  • Encourage and inspire Christians to fervently serve God.

    Expenses $1,246,059

As filed on the 2023 return.

Listed in Part VII

  • Eli Zhushma

    Assistant Director

    Total calculated
    $0
    Hours/week
    40

  • Yelena Budnik

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Victor Sindetsky

    Director

    Total calculated
    $0
    Hours/week
    40

  • Movkovey Vitaliy

    IT Coordinator

    Total calculated
    $0
    Hours/week
    20

  • Elena Paliy

    Accountant

    Total calculated
    $0
    Hours/week
    20

  • Bogdan Bondarenko

    President

    Total calculated
    $0
    Hours/week
    0

  • Anastasiya Uzhva

    Mission Coordinator

    Total calculated
    $0
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
3 December 2024
IRS schema version
2023v5.1
Source object
202433449349301008

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