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Nonprofiteer
← MOODY BIBLE INSTITUTE OF CHICAGO

Form 990 for tax year 2023

Filed by MOODY BIBLE INSTITUTE OF CHICAGO.

Totals

Total revenue
$119,294,298
Total expenses
$126,794,340
Contributions and grants received
$59,541,565
Grants paid
$2,632,169
Program service revenue
$51,042,225
Investment income
$8,710,508
Other revenue
$0
Total assets, end of year
$549,888,224
Total liabilities, end of year
$180,800,801
Net assets or fund balances, end of year
$369,087,423
Program services expenses (Part IX)
$105,580,218
Management and general expenses
$9,161,428
Fundraising expenses
$12,052,694
Program service expenses (Part III)
$105,580,218

Program services were 83.3% 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

    $59,541,565

  • 1g · Noncash contributions included above

    $645,069

  • 2a · Program service revenue: Sales of Literature

    total $18,112,266 · related or exempt $18,112,266

  • 2b · Program service revenue: Tuition and Student Fees

    total $14,418,568 · related or exempt $14,418,568

  • 2c · Program service revenue: Auxilliary Services

    total $11,258,291 · related or exempt $11,258,291

  • 2d · Program service revenue: Other-Public Service

    total $7,253,100 · related or exempt $7,253,100

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $8,626,317 · unrelated business $490,216 · excluded $8,136,101

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $129,432,940 · other assets $400,023

  • 7b · Less cost or other basis and sales expenses

    securities $129,568,426 · other assets $180,346

  • 7c · Gain or loss

    securities -$135,486 · other assets $219,677

  • 7d · Net gain or loss

    total $84,191 · unrelated business -$430 · excluded $84,621

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,632,169 · program services $2,632,169

  • 5 · Compensation of officers, directors and key employees

    total $3,625,807 · program services $2,315,441 · management and general $873,976 · fundraising $436,390

  • 7 · Other salaries and wages

    total $51,724,421 · program services $45,022,052 · management and general $2,246,071 · fundraising $4,456,298

  • 8 · Pension plan contributions

    total $2,668,888 · program services $2,106,105 · management and general $156,918 · fundraising $405,865

  • 9 · Other employee benefits

    total $8,649,225 · program services $7,626,100 · management and general $234,821 · fundraising $788,304

  • 10 · Payroll taxes

    total $3,442,292 · program services $2,954,752 · management and general $171,286 · fundraising $316,254

  • 11b · Fees: legal

    total $554,477 · program services $329,785 · management and general $204,256 · fundraising $20,436

  • 11c · Fees: accounting

    total $257,380 · management and general $257,380

  • 11e · Fees: professional fundraising services

    total $893,327 · fundraising $893,327

  • 11f · Fees: investment management

    total $494,226 · management and general $494,226

  • 11g · Fees: other

    total $4,885,538 · program services $4,394,230 · management and general $372,486 · fundraising $118,822

  • 12 · Advertising and promotion

    total $5,554,064 · program services $3,136,963 · management and general $61,862 · fundraising $2,355,239

  • 13 · Office expenses

    total $2,939,084 · program services $2,663,717 · management and general $13,107 · fundraising $262,260

  • 14 · Information technology

    total $6,725,753 · program services $4,546,638 · management and general $1,621,636 · fundraising $557,479

  • 15 · Royalties

    total $3,841,570 · program services $3,841,570

  • 16 · Occupancy

    total $7,303,812 · program services $6,388,120 · management and general $598,350 · fundraising $317,342

  • 17 · Travel

    total $1,592,516 · program services $1,199,908 · management and general $57,655 · fundraising $334,953

  • 19 · Conferences, conventions and meetings

    total $313,912 · program services $196,971 · management and general $50,005 · fundraising $66,936

  • 22 · Depreciation, depletion and amortization

    total $5,520,782 · program services $5,360,146 · management and general $49,028 · fundraising $111,608

  • 23 · Insurance

    total $953,660 · program services $656,450 · management and general $175,288 · fundraising $121,922

  • 24a · Other expenses: Cost of Sales

    total $4,494,448 · program services $4,494,448

  • 24b · Other expenses: Miscellaneous Expense

    total $3,182,142 · program services $1,594,727 · management and general $1,359,268 · fundraising $228,147

  • 24c · Other expenses: Student Dining

    total $1,889,343 · program services $1,889,343

  • 24d · Other expenses: Other Educational Expenses

    total $1,674,835 · program services $1,418,872 · management and general $104,199 · fundraising $151,764

  • 24e · All other expenses

    total $980,669 · program services $811,711 · management and general $59,610 · fundraising $109,348

  • 26 · Joint costs (an allocation of the lines above)

    total $2,198,134 · program services $1,926,612 · management and general $95,007 · fundraising $176,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,511 · end of year $532,751

  • 2 · Savings and temporary cash investments

    beginning of year $12,157,318 · end of year $32,609,821

  • 3 · Pledges and grants receivable

    beginning of year $3,816,445 · end of year $4,939,539

  • 4 · Accounts receivable

    beginning of year $7,975,365 · end of year $8,939,075

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $23,608 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $6,108,097 · end of year $5,834,503

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,099,369 · end of year $4,113,784

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

    $242,795,837

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

    $138,218,351

  • 10c · Land, buildings and equipment, net

    beginning of year $67,783,177 · end of year $104,577,486

  • 11 · Investments: publicly traded securities

    beginning of year $236,128,451 · end of year $196,738,975

  • 12 · Investments: other securities

    beginning of year $23,909,315 · end of year $20,480,313

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $4,985,009 · end of year $4,648,476

  • 15 · Other assets

    beginning of year $163,125,147 · end of year $166,473,501

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,605,913 · end of year $15,005,674

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $166,159,327 · end of year $165,795,127

  • 27 · Net assets without donor restrictions

    beginning of year $256,675,637 · end of year $260,613,543

  • 28 · Net assets with donor restrictions

    beginning of year $95,762,935 · end of year $108,473,880

Mission and programs · 2023

Mission

Moody Bible Institute is a higher education and media ministry that exists to equip people with the truth of God's word to be maturing followers of Christ who are making disciples around the world. Moody is best known for its education branch, which includes a fully accredited undergraduate school and seminary, as well as distance learning. Other primary ministries include Moody Radio and Moody Publisher.

Activities or mission (Part I)

Moody exists to proclaim the gospel and equip people to be biblically grounded, practically trained, and to engage the world through gospel-centered living. In short, we prepare people for their purpose and calling!

  • Education: The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively. Number of Students (2023-2024 school year): Undergraduate School 1,871 Graduate School 767 50 states and the District of Columbia and 49 Countries are currently represented by international students throughout Moody. 7% Undergraduate students are international, and 5% Graduate students are international. 6% of students are international, between both Undergraduate and Graduate students. These following majors or emphases are offered: Undergraduate Certificates: Ministry Leadership, Ministry to Women, Biblical Studies, Children and Family Ministry, Disability Ministry, Human Services, Intercultural Studies and Worship Leading. Associate degrees: Biblical Studies, Children and Family Ministry, Human Services and Intercultural Studies. Bachelor of Science Degrees: Integrated Ministry Studies, (Ministry Leadership -Children and Family Ministry, Disability Ministry, Human Services, Leadership, Ministry to Women, Preaching), (Missionary Aviation Technology -Flight or Maintenance), Biblical Studies, (Theological Studies -Christian Thought or Spiritual Formation), Cultural Engagement. Bachelor of Arts Degrees: Biblical Languages, (Biblical Studies or Biblical Studies-Music Emphasis), Ministry to Women, (Missional Leadership-Nonprofit Management or Interdisciplinary), Pastoral Studies, PASTORAL STUDIES - BIBLICAL PREACHING, Youth Ministry, Theology, Children and Family Ministry, Elementary Education with Association of Christian Schools International Certification, Human Services, Applied Linguistics, Intercultural Studies, Jewish Studies, Ministry to Victims of Sexual Exploitation, TESOL (Teaching English to Speakers of Other Languages), Communications, (Music -Music Ministry or Worship and Media Arts). These programs include the following emphases: GRADUATE CERTIFICATE IN BIBLICAL PREACHING, BIBLICAL SPIRITUAL FORMATION AND DISCIPLESHIP, CHRISTIAN COMMUNITY DEVELOPMENT, CHRISTIAN COUNSELING, MINISTRY LEADERSHIP, NONPROFIT ADMINISTRATION AND LEADERSHIP, TESOL, BIBLICAL FOUNDATION, BIBLICAL LANGUAGES - NEW TESTAMENT OR OLD TESTAMENT, BIBLICAL STUDIES, NEW TESTAMENT STUDIES, OLD TESTAMENT STUDIES, THEOLOGICAL STUDIES, MARRIAGE, FAMILY, AND COUPLES COUNSELING AND TRAUMA-INFORMED COUNSELING. MASTER OF ARTS IN: BIBLICAL SPIRITUAL FORMATION AND DISCIPLESHIP, MINISTRY LEADERSHIP, (MINISTRY STUDIES CHRISTIAN COUNSELING, LEADERSHIP, MISSIONS, MINISTRY ENTREPRENEURSHIP, INTERDISCIPLINARY), NONPROFIT ADMINISTRATION AND LEADERSHIP, [PASTORAL STUDIES - BIBLICAL PREACHING, PASTORAL MINISTRY, OR ADVANCED TRACK], [TESOL], [BIBLICAL AND THEOLOGICAL STUDIES], [BIBLICAL STUDIES], CLINICAL MENTAL HEALTH COUNSELING, (-MARRIAGE, FAMILY, AND COUPLE COUNSELING, TRAUMA-INFORMED COUNSELING), COUNSELING PSYCHOLOGY. Master of Divinity in: Biblical Preaching, Biblical Spiritual Formation and Discipleship, Interdisciplinary Studies, Ministry Leadership, Nonprofit Administration and Leadership, Pastoral Studies, TESOL. MASTER OF THEOLOGICAL STUDIES - NEW TESTAMENT, MASTER OF THEOLOGICAL STUDIES - OLD TESTAMENT DOCTOR OF MINISTRY - BIBLICAL PREACHING

    Expenses $57,552,281 · Grants $2,632,169 · Revenue $25,676,859

  • Moody Radio is one of the oldest Christian radio and media networks in the U.S., having aired its first broadcast in 1926 in Chicago. Respected as an industry leader and a trusted voice, Moody Radio has 70 full power stations and translators, 19 digital channels, a podcast network, and more than 1,800 outlets that carry its programming, reaching millions of listeners through terrestrial stations and digital platforms in both English and Spanish. Moody Radio addresses today's issues from a biblical worldview and helps listeners take the next step in their journey with Jesus Christ by creating and delivering practical and life-changing content, so that our listeners become Biblically grounded, practically trained, and able to engage the world through Gospel-centered living. For more information about Moody Radio, please visit www.moodyradio.org.

    Expenses $22,787,907 · Revenue $5,161,784

  • Publishing: The mission of Moody Publishers (MP) is to resource the Church's work of discipling all people. Its vision is for readers to know, love, and serve Jesus Christ. In doing so, MP provides resources for MBI to train future Christian leaders. Each year MP seeks to add approximately 50 new titles to its collection, which now includes more than 1,300 titles in print. The most successful publications are from MP authors Gary Chapman, Nancy Demoss Wolgemuth, John MacArthur, and A.W. Tozer. Gary Chapman is the author of the #1 New York Times Bestseller "The 5 Love Languages" with over Twenty million copies sold. Nancy Demoss Wolgemuth is the host and teacher for the Moody Radio Daily Program, Revive our Hearts. John MacArthur is pastor-teacher of Grace Community Church in California and host and teacher of Moody Radio daily program Grace to you.

    Expenses $20,624,567 · Revenue $18,629,056

  • Other Programs include our conference Ministries and various programs that support our mission.

    Expenses $4,615,463 · Revenue $1,574,526

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Flannery

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2.5

  • Mark Jobe

    President & CEO

    Total calculated
    $385,407
    From this org
    $286,766
    From related orgs
    $0
    Other
    $98,641
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $286,766
    Bonus
    $0
    Other
    $0
    Deferred
    $21,619
    Nontaxable benefits
    $77,022
    Filer's total
    $385,407

  • Richard E Warren

    Chairman

    Total calculated
    $0
    Hours/week
    2.5

  • T Randall Fairfax

    Trustees Secretary

    Total calculated
    $0
    Hours/week
    2.5

  • Thomas Fortson

    First Assistant Secretary (Thru 5/2024)

    Total calculated
    $0
    Hours/week
    2.5

  • James Meeks

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Julianna Slattery

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Karen Melby Suwyn

    Trustee (Begin 10/2023)

    Total calculated
    $0
    Hours/week
    2

  • Manuel J Gutierrez

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mike Fabarez

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Orbelina Eguizabal Escobar

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robert J Schuldt

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robert Seiffert

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Timothy T Bush

    Trustee (Begin 05/2024)

    Total calculated
    $0
    Hours/week
    2

  • William L Rogers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bruce A Everhart

    VP and Chief Development Officer

    Total calculated
    $187,318
    From this org
    $156,304
    From related orgs
    $0
    Other
    $31,014
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $156,304
    Bonus
    $0
    Other
    $0
    Deferred
    $9,704
    Nontaxable benefits
    $21,310
    Filer's total
    $187,318

  • David Wesley Ward

    VP, Moody Radio

    Total calculated
    $196,468
    From this org
    $160,100
    From related orgs
    $0
    Other
    $36,368
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $160,100
    Bonus
    $0
    Other
    $0
    Deferred
    $5,906
    Nontaxable benefits
    $30,462
    Filer's total
    $196,468

  • Deborah A Zelinski

    VP, Human Resources

    Total calculated
    $193,022
    From this org
    $170,116
    From related orgs
    $0
    Other
    $22,906
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $170,116
    Bonus
    $0
    Other
    $0
    Deferred
    $12,037
    Nontaxable benefits
    $10,869
    Filer's total
    $193,022

  • Dwight A Perry

    Senior VP and Dean of Education and Provost

    Total calculated
    $228,592
    From this org
    $127,365
    From related orgs
    $0
    Other
    $101,227
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $127,365
    Bonus
    $0
    Other
    $0
    Deferred
    $14,809
    Nontaxable benefits
    $86,418
    Filer's total
    $228,592

  • Greg Thornton

    Chief Financial Officer

    Total calculated
    $236,102
    From this org
    $200,504
    From related orgs
    $0
    Other
    $35,598
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $200,504
    Bonus
    $0
    Other
    $0
    Deferred
    $12,442
    Nontaxable benefits
    $23,156
    Filer's total
    $236,102

  • James G Elliott

    VP, Stewardship

    Total calculated
    $194,888
    From this org
    $161,850
    From related orgs
    $0
    Other
    $33,038
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $161,850
    Bonus
    $0
    Other
    $0
    Deferred
    $11,722
    Nontaxable benefits
    $21,316
    Filer's total
    $194,888

  • Janet A Stiven

    VP and General Counsel

    Total calculated
    $212,048
    From this org
    $183,732
    From related orgs
    $0
    Other
    $28,316
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $183,732
    Bonus
    $0
    Other
    $0
    Deferred
    $13,283
    Nontaxable benefits
    $15,033
    Filer's total
    $212,048

  • John D Sauceda

    Chief Information Officer

    Total calculated
    $176,709
    From this org
    $143,173
    From related orgs
    $0
    Other
    $33,536
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $143,173
    Bonus
    $0
    Other
    $0
    Deferred
    $10,495
    Nontaxable benefits
    $23,041
    Filer's total
    $176,709

  • Mark A Wagner

    Senior VP and Chief Operating Officer

    Total calculated
    $233,633
    From this org
    $233,346
    From related orgs
    $0
    Other
    $287
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $233,346
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $287
    Filer's total
    $233,633

  • Michael A Rydelnik

    VP and Dean, Undergraduate School

    Total calculated
    $153,728
    From this org
    $76,170
    From related orgs
    $0
    Other
    $77,558
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $76,170
    Bonus
    $0
    Other
    $0
    Deferred
    $9,497
    Nontaxable benefits
    $68,061
    Filer's total
    $153,728

  • Paul J Santhouse

    VP, Moody Publishers

    Total calculated
    $178,563
    From this org
    $147,841
    From related orgs
    $0
    Other
    $30,722
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $147,841
    Bonus
    $0
    Other
    $0
    Deferred
    $10,616
    Nontaxable benefits
    $20,106
    Filer's total
    $178,563

  • Samuel S Choy

    VP, Chief Marketing Officer

    Total calculated
    $218,943
    From this org
    $175,069
    From related orgs
    $0
    Other
    $43,874
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $175,069
    Bonus
    $0
    Other
    $0
    Deferred
    $12,867
    Nontaxable benefits
    $31,007
    Filer's total
    $218,943

  • William Washington

    VP and Dean of Student Life and Interim VP and Dean, Student Enrollment Services

    Total calculated
    $186,540
    From this org
    $96,731
    From related orgs
    $0
    Other
    $89,809
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $96,731
    Bonus
    $0
    Other
    $0
    Deferred
    $12,257
    Nontaxable benefits
    $77,552
    Filer's total
    $186,540

  • Winfred O Neely

    VP and Dean, Moody Theological Seminary and Graduate School

    Total calculated
    $151,793
    From this org
    $94,269
    From related orgs
    $0
    Other
    $57,524
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $94,269
    Bonus
    $0
    Other
    $0
    Deferred
    $9,602
    Nontaxable benefits
    $47,922
    Filer's total
    $151,793

  • Douglas J Murphy

    Dean of Operations and Strategic Educational Initiatives

    Total calculated
    $163,088
    From this org
    $125,001
    From related orgs
    $0
    Other
    $38,087
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $125,001
    Bonus
    $0
    Other
    $0
    Deferred
    $9,185
    Nontaxable benefits
    $28,902
    Filer's total
    $163,088

  • Joseph Brian Tucker

    Seminary Dean of Faculty & Professor

    Total calculated
    $140,198
    From this org
    $102,854
    From related orgs
    $0
    Other
    $37,344
    Hours/week
    38.8

  • Karl J Clauson

    Radio Host

    Total calculated
    $166,639
    From this org
    $128,648
    From related orgs
    $0
    Other
    $37,991
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $128,648
    Bonus
    $0
    Other
    $0
    Deferred
    $9,778
    Nontaxable benefits
    $28,213
    Filer's total
    $166,639

  • Pepi O Manieson

    IT Services

    Total calculated
    $171,552
    From this org
    $127,957
    From related orgs
    $0
    Other
    $43,595
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $127,957
    Bonus
    $0
    Other
    $0
    Deferred
    $9,713
    Nontaxable benefits
    $33,882
    Filer's total
    $171,552

  • Randall Payleitner

    Vice President of Moody Publishers

    Total calculated
    $165,739
    From this org
    $124,485
    From related orgs
    $0
    Other
    $41,254
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $124,485
    Bonus
    $0
    Other
    $0
    Deferred
    $9,359
    Nontaxable benefits
    $31,895
    Filer's total
    $165,739

  • Bryan L O'Neal

    VP (thru 12/2022)

    Total calculated
    $128,106
    From this org
    $128,106
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $3,175
    Bonus
    $0
    Other
    $124,931
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $128,106

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 · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
The Institute has covered some spousal travel for officers to donor events. The Institute has requested that the president's wife travel with him. The travel is considered non-taxable to specific functions where the spouse would be expected and/or required to attend.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
Housing allowance is paid to certain ordained employees within the Education division. For this Housing Allowance the employee is considered self-employed and is responsible to pay self-employed Social Security and Medicare taxes (SECA) unless they apply for exemption from self-employment tax. The housing allowance appears in non-taxable benefits.
Schedule J, Part I, Line 4a Severance or change-of-control payment
DURING CALENDAR YEAR 2023, BRYAN L O'NEAL RECEIVED SEVERANCE PAYMENTS FROM THE FILING ORGANIZATION TOTALING $124,931. THIS AMOUNT WAS TREATED AS TAXABLE COMPENSATION AND IS INCLUDED IN FORM 990, SCHEDULE J, PART II, COLUMN B(III).

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Unitrusts (136)

    Trust · trusts · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by MBI

  • POOLED INCOME FUND (1)

    Trust · TRUSTS · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by MBI

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202530919349300943

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