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← DISCOVER THE BOOK MINISTRIES INC

Form 990 for tax year 2024

Filed by DISCOVER THE BOOK MINISTRIES INC.

Totals

Total revenue
$1,879,672
Total expenses
$875,978
Contributions and grants received
$1,571,659
Grants paid
$48,440
Program service revenue
$0
Investment income
$289,227
Other revenue
$18,786
Total assets, end of year
$5,359,323
Total liabilities, end of year
$50,102
Net assets or fund balances, end of year
$5,309,221
Program services expenses (Part IX)
$675,147
Management and general expenses
$129,980
Fundraising expenses
$70,851
Program service expenses (Part III)
$675,147

Program services were 77.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,571,659

  • 3 · Investment income

    total $289,227 · unrelated business $0 · excluded $289,227

  • 10a · Gross sales of inventory

    $75,466

  • 10b · Cost of goods sold

    $56,680

  • 10c · Net income from sales of inventory

    total $18,786 · related or exempt $18,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,440 · program services $48,440

  • 5 · Compensation of officers, directors and key employees

    total $316,422 · program services $237,317 · management and general $15,821 · fundraising $63,284

  • 6 · Compensation of disqualified persons

    total $2,725 · program services $2,725 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $25,187 · program services $0 · management and general $25,187 · fundraising $0

  • 10 · Payroll taxes

    total $6,732 · program services $0 · management and general $6,732 · fundraising $0

  • 11b · Fees: legal

    total $1,700 · program services $0 · management and general $1,700 · fundraising $0

  • 11c · Fees: accounting

    total $32,846 · program services $0 · management and general $32,846 · fundraising $0

  • 11g · Fees: other

    total $108,475 · program services $108,475 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,046 · program services $1,046 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $55,022 · program services $7,389 · management and general $46,088 · fundraising $1,545

  • 14 · Information technology

    total $68,406 · program services $61,673 · management and general $1,347 · fundraising $5,386

  • 17 · Travel

    total $198,424 · program services $198,424 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $636 · program services $0 · management and general $0 · fundraising $636

  • 22 · Depreciation, depletion and amortization

    total $9,658 · program services $9,658 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $259 · program services $0 · management and general $259 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,776 · end of year $242,027

  • 2 · Savings and temporary cash investments

    beginning of year $4,161,721 · end of year $914,143

  • 4 · Accounts receivable

    beginning of year $5,399

  • 8 · Inventories for sale or use

    beginning of year $64,246 · end of year $41,417

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

    $61,502

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

    $37,610

  • 10c · Land, buildings and equipment, net

    beginning of year $23,675 · end of year $23,892

  • 11 · Investments: publicly traded securities

    end of year $4,137,844

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,125 · end of year $50,102

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,275,692 · end of year $5,309,221

Mission and programs · 2024

Mission

The purpose of Discover the Book Ministries is evangelization and discipleship through various means consistent with the Holy Scriptures to help build and strengthen the Church of Jesus Christ. Our ministries include online resources, classes, and conferences to cultivate disciple-making by providing curriculum, devotional challenges, and Bible training resources.

  • In 2024, Discover the Book Ministries (DTBM) prepared evangelism & discipleship courses and filmed lessons that were edited and uploaded to our online classroom 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 2024 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 1,000 registered Bible education students during 2024. 2. TRAINING CONFERENCES: We traveled for youth training conferences with students in New York (April , August), taught students in Florida (March), and students in the UK, Italy, Greece, and Japan (September-November). 3. ONLINE EDUCATION: The DTBM Academy has 10 courses online serving hundreds of registered online students from 25 countries, plus all 50 states.

    Expenses $675,147 · Grants $48,440 · Revenue $18,786

As filed on the 2024 return.

Listed in Part VII

  • John Barnett

    President & Chairman

    Total calculated
    $316,422
    From this org
    $172,876
    From related orgs
    $0
    Other
    $143,546
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $89,546
    Bonus
    $83,330
    Other
    $0
    Deferred
    $21,600
    Nontaxable benefits
    $121,946
    Filer's total
    $316,422

  • 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

  • Stan Jordan

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Estelle Barnett

    Director

    Total calculated
    $0
    Hours/week
    30

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

Provenance

Return type
form_990
Tax year
2024
Filed
1 November 2025
IRS schema version
2024v5.2
Source object
202513079349302246

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