Digital Bible Society
- Assets
- $603.0k
- Revenue
- $934.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Conroe, TX
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 20-0612499
Organization Overview
Digital Bible Society is located in Conroe, TX. The organization was established in 2004. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Digital Bible Society employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digital Bible Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Digital Bible Society generated $934.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $727.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORLDWIDE DISTRIBUTION OF DIGITAL BIBLES/CHRISTIAN MATERIALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLDWIDE DISTRIBUTION OF DIGITAL BIBLES/CHRISTIAN MATERIALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Bitgood CEO | OfficerTrustee | 40 | $77,308 |
Bob Beasley Director | Trustee | $0 | |
Wybo Nicolai Director | Trustee | $0 | |
Greg Pruett Director | Trustee | $0 | |
Jeff Taylor Director | Trustee | $0 | |
Kristian Rose Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,688,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,780,772 |
| Total Program Service Revenue | $0 |
| Investment income | $451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,733 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$816,643 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,308 |
| Compensation of current officers, directors, key employees. | $15,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $315,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,750 |
| Payroll taxes | $30,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,341 |
| Office expenses | $48,330 |
| Information technology | $18,641 |
| Royalties | $0 |
| Occupancy | $38,550 |
| Travel | $19,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,887 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,038 |
| Insurance | $2,328 |
| All other expenses | $0 |
| Total functional expenses | $727,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,156 |
| Savings and temporary cash investments | $4,701 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $139,202 |
| Prepaid expenses and deferred charges | $3,889 |
| Net Land, buildings, and equipment | $30,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,624 |
| Total assets | $602,991 |
| Accounts payable and accrued expenses | $75,958 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $75,958 |
| Net assets without donor restrictions | $527,033 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $602,991 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Digital Bible Society has recieved totaling $68.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $68 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Alternative Desoto, TX | $25,928,705 | $23,526,113 |
Oral Roberts Evangelistic Association Tulsa, OK | $7,780,573 | $6,644,717 |
World Bible School Incorporated Cedar Park, TX | $7,160,028 | $5,088,787 |
In Search Of The Lords Way Inc Edmond, OK | $2,835,232 | $4,061,102 |
Revelation Media Inc Richardson, TX | $2,417,781 | $2,935,513 |
Shalom Media Usa Inc Edinburg, TX | $2,445,045 | $3,547,883 |
From His Heart Ministries Texarkana, TX | $1,184,995 | $2,170,555 |
Dance Revolution Inc Southlake, TX | $643,476 | $1,970,172 |
Providence Educational Foundation New Orleans, LA | $8,597,784 | $1,490,690 |
Princess Belemzy Ministries Richmond, TX | -$435,408 | $872,865 |
Lifeline Chaplaincy Inc Houston, TX | $1,330,259 | $1,431,821 |
Amazing Grace Life Dallas, TX | $261,073 | $1,201,962 |