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← MARANATHA BIBLE AND MISSIONARY CONFERENCE INC

Form 990 for tax year 2023

Filed by MARANATHA BIBLE AND MISSIONARY CONFERENCE INC.

Totals

Total revenue
$6,172,577
Total expenses
$5,318,807
Contributions and grants received
$2,171,880
Grants paid
$497,940
Program service revenue
$2,867,826
Investment income
$269,081
Other revenue
$863,790
Total assets, end of year
$17,433,763
Total liabilities, end of year
$1,123,121
Net assets or fund balances, end of year
$16,310,642
Program services expenses (Part IX)
$4,472,313
Management and general expenses
$846,494
Fundraising expenses
$0
Program service expenses (Part III)
$4,472,313

Program services were 84.1% 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.

  • 1d · Related organizations

    $105,000

  • 1f · All other contributions, gifts and grants

    $2,066,880

  • 1g · Noncash contributions included above

    $1,650

  • 2a · Program service revenue: Accomodations

    total $1,607,855 · related or exempt $1,607,855

  • 2b · Program service revenue: Food service sales

    total $925,607 · related or exempt $925,607

  • 2c · Program service revenue: Conference fees

    total $237,877 · related or exempt $237,877

  • 2d · Program service revenue: Programming fees

    total $61,171 · related or exempt $61,171

  • 2e · Program service revenue: Other fee income

    total $35,316 · related or exempt $35,316

  • 3 · Investment income

    total $269,081 · excluded $269,081

  • 6a · Gross rents

    real property $835,941

  • 6c · Rental income or loss

    real property $835,941

  • 6d · Net rental income or loss

    total $835,941 · related or exempt $835,941

  • 10a · Gross sales of inventory

    $94,464

  • 10b · Cost of goods sold

    $66,615

  • 10c · Net income from sales of inventory

    total $27,849 · related or exempt $27,849

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $451,657 · program services $451,657

  • 2 · Grants to domestic individuals

    total $46,283 · program services $46,283

  • 5 · Compensation of officers, directors and key employees

    total $160,179 · program services $16,018 · management and general $144,161

  • 7 · Other salaries and wages

    total $1,577,998 · program services $1,373,775 · management and general $204,223

  • 8 · Pension plan contributions

    total $23,547 · program services $18,584 · management and general $4,963

  • 9 · Other employee benefits

    total $125,901 · program services $80,805 · management and general $45,096

  • 10 · Payroll taxes

    total $128,997 · program services $105,543 · management and general $23,454

  • 11b · Fees: legal

    total $11,840 · management and general $11,840

  • 11c · Fees: accounting

    total $29,571 · management and general $29,571

  • 11g · Fees: other

    total $176,304 · program services $165,210 · management and general $11,094

  • 12 · Advertising and promotion

    total $98,196 · program services $16,614 · management and general $81,582

  • 13 · Office expenses

    total $138,011 · program services $117,290 · management and general $20,721

  • 14 · Information technology

    total $107,575 · program services $12,031 · management and general $95,544

  • 16 · Occupancy

    total $450,402 · program services $431,110 · management and general $19,292

  • 17 · Travel

    total $28,986 · program services $15,894 · management and general $13,092

  • 19 · Conferences, conventions and meetings

    total $137,486 · program services $137,486

  • 22 · Depreciation, depletion and amortization

    total $900,092 · program services $827,288 · management and general $72,804

  • 23 · Insurance

    total $69,057 · management and general $69,057

  • 24a · Other expenses: Food service

    total $622,577 · program services $622,577

  • 24b · Other expenses: Programming expenses

    total $34,148 · program services $34,148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,294 · end of year $2,727

  • 2 · Savings and temporary cash investments

    beginning of year $6,686,085 · end of year $7,920,681

  • 4 · Accounts receivable

    beginning of year $94,025 · end of year $103,331

  • 8 · Inventories for sale or use

    beginning of year $37,859 · end of year $65,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,370 · end of year $86,232

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

    $22,739,885

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

    $13,544,528

  • 10c · Land, buildings and equipment, net

    beginning of year $9,014,932 · end of year $9,195,357

  • 11 · Investments: publicly traded securities

    beginning of year $162,339 · end of year $59,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,808 · end of year $526,751

  • 19 · Deferred revenue

    beginning of year $438,750 · end of year $542,896

  • 21 · Escrow or custodial account liability

    beginning of year $53,474 · end of year $53,474

  • 27 · Net assets without donor restrictions

    beginning of year $12,882,375 · end of year $13,395,938

  • 28 · Net assets with donor restrictions

    beginning of year $2,574,497 · end of year $2,914,704

Mission and programs · 2023

Mission

Maranatha Bible and Missionary Conference is a year-round, Christ-centered conference center and resident community that emphasizes Bible teaching, prayer and evangelism to the glory of God.

  • Conference activities include tabernacle meetings, food service, youth recreation, housing, etc. to glorify the LORD Jesus Christ and uphold the Maranatha statement of faith. These activities are carried out through conferences, seminars, retreats, banquets and similar activities throughout the year.

    Expenses $4,472,313 · Grants $497,940 · Revenue $3,703,767

As filed on the 2023 return.

Listed in Part VII

  • Chris Preuss

    President

    Total calculated
    $113,788
    From this org
    $98,810
    From related orgs
    $0
    Other
    $14,978
    Hours/week
    40

  • Glenn Bussies

    Director of Operations

    Total calculated
    $41,701
    From this org
    $30,857
    From related orgs
    $0
    Other
    $10,844
    Hours/week
    40

  • Gary Feenstra

    President retired

    Total calculated
    $4,690
    From this org
    $4,690
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dan Heneveld

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter McCarty

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Nyenhuis

    Director

    Total calculated
    $0
    Hours/week
    0

  • Tim Creswell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Aaron Eckert

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Bock

    Director

    Total calculated
    $0
    Hours/week
    1

  • David VanDyke

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Borgman

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Potter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Beckett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Loril Garrett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Don Wickstra

    VPTreasurer

    Total calculated
    $0
    Hours/week
    2

  • Conni VandeBunte

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Karen Melby

    Secretary

    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

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.

  • Maranatha Endowment Fund

    501C3 · Support of Maranatha Bible and Missionary Conference · MI

    Directly controlled by Maranatha Bible and Missionary Conferenc

Provenance

Return type
form_990
Tax year
2023
Filed
2 July 2024
IRS schema version
2023v5.1
Source object
202441859349300104

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