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← WORLD BIBLE SCHOOL INCORPORATED

Form 990 for tax year 2024

Filed by WORLD BIBLE SCHOOL INCORPORATED.

Totals

Total revenue
$5,561,547
Total expenses
$5,311,847
Contributions and grants received
$4,695,626
Grants paid
$0
Program service revenue
$629,605
Investment income
$237,248
Other revenue
-$932
Total assets, end of year
$7,470,991
Total liabilities, end of year
$18,833
Net assets or fund balances, end of year
$7,452,158
Program services expenses (Part IX)
$4,090,742
Management and general expenses
$388,162
Fundraising expenses
$832,943
Program service expenses (Part III)
$4,090,742

Program services were 77.0% 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

    $265,157

  • 1f · All other contributions, gifts and grants

    $4,430,469

  • 1g · Noncash contributions included above

    $73,966

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

    total $629,605 · related or exempt $629,605

  • 3 · Investment income

    total $237,248 · excluded $237,248

  • 5 · Royalties

    total $101 · excluded $101

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

    $265,157

  • 8b · Fundraising events: direct expenses

    $24,319

  • 8c · Net income from fundraising events

    total -$24,319 · excluded -$24,319

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $23,286 · excluded $23,286

  • 11e · Other revenue, total

    $23,286

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $462,608 · program services $281,304 · management and general $44,862 · fundraising $136,442

  • 7 · Other salaries and wages

    total $1,316,709 · program services $847,861 · management and general $134,107 · fundraising $334,741

  • 8 · Pension plan contributions

    total $80,585 · program services $33,718 · management and general $35,045 · fundraising $11,822

  • 9 · Other employee benefits

    total $408,301 · program services $230,970 · management and general $32,135 · fundraising $145,196

  • 10 · Payroll taxes

    total $53,979 · program services $39,047 · management and general $8,656 · fundraising $6,276

  • 11c · Fees: accounting

    total $17,880 · management and general $17,880

  • 11g · Fees: other

    total $323,658 · program services $321,007 · management and general $2,444 · fundraising $207

  • 12 · Advertising and promotion

    total $509,201 · program services $449,770 · management and general $447 · fundraising $58,984

  • 13 · Office expenses

    total $35,048 · program services $8,682 · management and general $12,600 · fundraising $13,766

  • 14 · Information technology

    total $89,490 · program services $77,625 · management and general $11,426 · fundraising $439

  • 16 · Occupancy

    total $25,441 · program services $496 · management and general $24,945

  • 17 · Travel

    total $261,982 · program services $154,197 · management and general $1,339 · fundraising $106,446

  • 19 · Conferences, conventions and meetings

    total $5,241 · program services $1,617 · management and general $2,470 · fundraising $1,154

  • 22 · Depreciation, depletion and amortization

    total $35,338 · program services $16,532 · management and general $17,650 · fundraising $1,156

  • 23 · Insurance

    total $40,217 · program services $22,270 · management and general $15,683 · fundraising $2,264

  • 24a · Other expenses: SERVICE CENTERS

    total $911,429 · program services $911,429

  • 24b · Other expenses: PRINTING

    total $488,558 · program services $488,558

  • 24c · Other expenses: POSTAGE

    total $186,020 · program services $172,367 · management and general $2,183 · fundraising $11,470

  • 24d · Other expenses: COMMUNICATIONS

    total $43,915 · program services $30,375 · management and general $13,011 · fundraising $529

  • 24e · All other expenses

    total $16,247 · program services $2,917 · management and general $11,279 · fundraising $2,051

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,050,440 · end of year $958,253

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

    $1,271,758

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

    $745,404

  • 10c · Land, buildings and equipment, net

    beginning of year $523,171 · end of year $526,354

  • 11 · Investments: publicly traded securities

    beginning of year $5,304,843 · end of year $5,967,551

  • 15 · Other assets

    beginning of year $21,603 · end of year $18,833

  • 25 · Other liabilities

    beginning of year $22,409 · end of year $18,833

  • 27 · Net assets without donor restrictions

    beginning of year $6,372,835 · end of year $6,847,303

  • 28 · Net assets with donor restrictions

    beginning of year $504,813 · end of year $604,855

Mission and programs · 2024

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 $1,820,170

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

    Expenses $1,481,124 · Revenue $629,605

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

    Expenses $789,448

  • 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 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Davis

    PRESIDENT

    Total calculated
    $129,111
    From this org
    $71,109
    From related orgs
    $0
    Other
    $58,002
    Hours/week
    40

  • Marcus McKee

    CFO (01-08/2

    Total calculated
    $103,453
    From this org
    $55,453
    From related orgs
    $0
    Other
    $48,000
    Hours/week
    40

  • William Bush

    CMO (1-8) CF

    Total calculated
    $108,242
    From this org
    $65,340
    From related orgs
    $0
    Other
    $42,902
    Hours/week
    40

  • Josh Sneed

    REG. ADVANCM

    Total calculated
    $77,101
    From this org
    $49,730
    From related orgs
    $0
    Other
    $27,371
    Hours/week
    40

  • Tim Yaeger

    CIO

    Total calculated
    $150,594
    From this org
    $104,845
    From related orgs
    $0
    Other
    $45,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,845
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $45,749
    Filer's total
    $150,594

  • Charles Ganus

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Josh Sneed

    TREASURER (J

    Total calculated
    $0
    Hours/week
    1

  • Keith Rall

    TREAS (03-12

    Total calculated
    $0
    Hours/week
    1

  • Keith Rall

    BOARD MEM (0

    Total calculated
    $0
    Hours/week
    1

  • Lori Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ava Conley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Jenkins

    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

  • 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 MEM (0

    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. 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

  • 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

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
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202513219349318556

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