Totals
- Total revenue
- $503,079
- Total expenses
- $482,615
- Contributions and grants received
- $503,079
- Grants paid
- $83,594
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $159,288
- Total liabilities, end of year
- $9,617
- Net assets or fund balances, end of year
- $149,671
- Program services expenses (Part IX)
- $468,278
- Management and general expenses
- $14,337
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $468,278
Program services were 97.0% 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.
-
1f · All other contributions, gifts and grants
$503,079
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $83,594 · program services $83,594
-
7 · Other salaries and wages
total $55,774 · program services $44,254 · management and general $11,520
-
10 · Payroll taxes
total $4,805 · program services $4,805
-
11c · Fees: accounting
total $685 · management and general $685
-
13 · Office expenses
total $1,893 · program services $945 · management and general $948
-
17 · Travel
total $14,423 · program services $14,423
-
19 · Conferences, conventions and meetings
total $715 · program services $715
-
24a · Other expenses: DIRECT MINISTRY EXPENSE
total $315,990 · program services $315,990
-
24b · Other expenses: TELEPHONE
total $4,736 · program services $3,552 · management and general $1,184
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,692 · end of year $158,549
-
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 $6,224 · end of year $9,617
-
27 · Net assets without donor restrictions
beginning of year $129,207 · end of year $149,671
Mission and programs · 2024
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 $468,278 · Grants $83,594
As filed on the 2024 return.
Listed in Part VII
-
Dave HajekDAVE HAJEK
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Rex HeardREX HEARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Butch RichardsonBUTCH RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ronald RustRONALD RUST
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Becky WrightBECKY 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
-
ZAHID MINISTRIES
$43,800
GENERAL OPERATIONS
-
HOPEFOUND INC
$21,759
GENERAL OPERATIONS
-
JESSE BARNARD MINISTRIES
$18,035
GENERAL OPERATIONS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202523219349312332
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