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← MASTERS BIBLE SCHOOL

Form 990 for tax year 2023

Filed by MASTERS BIBLE SCHOOL.

Totals

Total revenue
$473,634
Total expenses
$497,163
Contributions and grants received
$473,634
Grants paid
$136,770
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$135,431
Total liabilities, end of year
$6,224
Net assets or fund balances, end of year
$129,207
Program services expenses (Part IX)
$477,887
Management and general expenses
$19,276
Fundraising expenses
$0
Program service expenses (Part III)
$477,887

Program services were 96.1% 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

    $473,634

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $136,770 · program services $136,770

  • 7 · Other salaries and wages

    total $58,165 · program services $47,605 · management and general $10,560

  • 10 · Payroll taxes

    total $4,698 · program services $3,890 · management and general $808

  • 11c · Fees: accounting

    total $2,990 · management and general $2,990

  • 13 · Office expenses

    total $6,698 · program services $2,839 · management and general $3,859

  • 16 · Occupancy

    total $7,756 · program services $7,756

  • 17 · Travel

    total $39,736 · program services $39,736

  • 19 · Conferences, conventions and meetings

    total $12,490 · program services $12,490

  • 24a · Other expenses: DIRECT MINISTRY EXPENSE

    total $223,626 · program services $223,626

  • 24b · Other expenses: TELEPHONE

    total $4,234 · program services $3,175 · management and general $1,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,268 · end of year $134,692

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

    $739

  • 10c · Land, buildings and equipment, net

    beginning of year $739 · end of year $739

  • 25 · Other liabilities

    beginning of year $8,271 · end of year $6,224

  • 27 · Net assets without donor restrictions

    beginning of year $152,736 · end of year $129,207

Mission and programs · 2023

Mission

ORGANIZATIONS PRIMARY MISSION IS TO TRAIN AND EQUIP PASTORS AND TEACHERS WHO IN TURN WILL DISCIPLE UNREACHED PEOPLE GROUPS AROUND THE WORLD.

Activities or mission (Part I)

MASTERS BIBLE SCHOOL IS A MULTI-CHURCH MISSIONS TRAINING OUTREACH FOCUSING ON CHRIST CENTERED TEACHING.

  • TO TRAIN PASTORS AND MISSIONARIES WORKING WITH UNREACHED PEOPLE GROUPS AROUND THE WORLD.

    Expenses $477,887 · Grants $136,770

As filed on the 2023 return.

Listed in Part VII

  • Douglas Hyland

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Stephen Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Butch Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronald Rust

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Becky Wright

    DIRECTOR

    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

  • INTERNATIONAL CHRISTIAN RESPONSE

    $61,207

    GENERAL OPERATIONS

  • ZAHID MINISTRIES

    $56,981

    GENERAL OPERATIONS

  • HOPEFOUND INC

    $18,582

    GENERAL OPERATIONS

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202423209349321942

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