Form 990 for tax year 2022
Filed by DISCOVER THE BOOK MINISTRIES INC.
Totals
- Total revenue
- $2,429,173
- Total expenses
- $869,027
- Contributions and grants received
- $2,385,004
- Grants paid
- $2,161
- Program service revenue
- $0
- Investment income
- $26,282
- Other revenue
- $17,887
- Total assets, end of year
- $3,652,555
- Total liabilities, end of year
- $23,576
- Net assets or fund balances, end of year
- $3,628,979
- Program services expenses (Part IX)
- $698,603
- Management and general expenses
- $76,739
- Fundraising expenses
- $93,685
- Program service expenses (Part III)
- $698,603
Program services were 80.4% 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
$2,385,004
-
3 · Investment income
total $26,282 · unrelated business $0 · excluded $26,282
-
10a · Gross sales of inventory
$37,892
-
10b · Cost of goods sold
$20,005
-
10c · Net income from sales of inventory
total $17,887 · related or exempt $17,887
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,161 · program services $2,161
-
5 · Compensation of officers, directors and key employees
total $243,379 · program services $194,703 · management and general $4,868 · fundraising $43,808
-
6 · Compensation of disqualified persons
total $9,110 · program services $9,110 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $20,123 · program services $0 · management and general $20,123 · fundraising $0
-
10 · Payroll taxes
total $1,417 · program services $0 · management and general $1,417 · fundraising $0
-
11c · Fees: accounting
total $4,200 · program services $0 · management and general $4,200 · fundraising $0
-
11g · Fees: other
total $14,480 · program services $12,480 · management and general $2,000 · fundraising $0
-
12 · Advertising and promotion
total $42,676 · program services $42,676 · management and general $0 · fundraising $0
-
13 · Office expenses
total $102,764 · program services $41,067 · management and general $43,608 · fundraising $18,089
-
14 · Information technology
total $159,120 · program services $127,332 · management and general $0 · fundraising $31,788
-
17 · Travel
total $254,533 · program services $254,320 · management and general $213 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $9,189 · program services $9,189 · management and general $0 · fundraising $0
-
23 · Insurance
total $310 · program services $0 · management and general $310 · fundraising $0
-
24a · Other expenses: Resource Development
total $5,565 · program services $5,565 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $93,963 · end of year $116,572
-
2 · Savings and temporary cash investments
beginning of year $1,921,593 · end of year $3,423,984
-
4 · Accounts receivable
beginning of year $0 · end of year $5,809
-
5 · Loans and receivables from officers and key people
end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $78,441
-
10a · Land, buildings and equipment: cost or other basis
$46,389
-
10b · Land, buildings and equipment: accumulated depreciation
$18,640
-
10c · Land, buildings and equipment, net
beginning of year $27,392 · end of year $27,749
-
17 · Accounts payable and accrued expenses
beginning of year $22,772 · end of year $23,576
-
22 · Loans and payables to officers and key people
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,020,176 · end of year $3,628,979
Mission and programs · 2022
Mission
To help in the biblical education of youth and adults.
-
In 2022, DTBM prepared evangelism & discipleship courses, and filmed lessons that were edited and uploaded to our websites. These courses are designed to biblically train both NextGeneration students (youth) and Frontline students (adults). Our top three investments in fulfilling our program services in 2022 were: 1. VIRTUAL CLASSROOMS: We continued to enhance our main virtual classroom/studio cameras, audio equipment, and video processing services. A mobile studio was updated as well for use in remote classrooms in Europe, Asia, Canada, and Central America. We served classes with 500 registered Bible education students during 2022. 2. TRAINING CONFERENCES: We traveled for youth training conferences with 350 students in New York (August & October), 120 students in Florida (March), and 20 students in Korea (November). 3. ONLINE EDUCATION: We continued the design and preparation of the proposed DTBM Academy which will potentially host all the courses with audio, video, and printable study guides for our 36 key discipleship courses starting in 2023.
Expenses $698,603 · Grants $2,161
As filed on the 2022 return.
Listed in Part VII
-
John Barnett
President & Chairman
- Total calculated
- $243,379
- From this org
- $131,935
- From related orgs
- $0
- Other
- $111,444
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $86,935
- Bonus
- $45,000
- Other
- $0
- Deferred
- $23,400
- Nontaxable benefits
- $88,044
- Filer's total
- $243,379
-
Bonnie Barnett
Vice Chair/Secretary
- Total calculated
- $0
- Hours/week
- 40
-
Duke Weir
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Jim Stubbs
Director
- Total calculated
- $0
- Hours/week
- 1
-
Randy Watson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Tibble
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Stan Jordan
Director
- Total calculated
- $0
- Hours/week
- 0.5
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
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing 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
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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349314977
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