Bible League Foundation
- Assets
- $15.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Crete, IL
- Founding
- 04/1984
- Data as of
- 09/2022
- EIN
- 36-3258728
Organization Overview
Bible League Foundation is located in Crete, IL. The organization was established in 1984. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bible League Foundation 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 09/2022, Bible League Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $3.3m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF BIBLE LEAGUE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIBLE LEAGUE FOUNDATION WAS ESTABLISHED IN 1983 TO PROMOTE THE SUPPORT OF BIBLE LEAGUE THROUGH CURRENT AND DEFERRED LEGACIES, TRUSTS, GIFT ANNUITIES, AND OTHER MEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Lindemulder Vice President/director | OfficerTrustee | 1 | $0 |
Russell T Paarlberg Secretary/director | OfficerTrustee | 1 | $0 |
David S Harvey President/director | OfficerTrustee | 1 | $0 |
Barry Huebner Treasurer | OfficerTrustee | 1 | $0 |
Deborah Dobben Treasurer (ended 12/21) | Officer | 1 | $0 |
Rodney J Van Der Aa Exec VP - Finance | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,090,770 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,092,946 |
| Total Program Service Revenue | $0 |
| Investment income | $4,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,097,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,940,711 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,967 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,906 |
| Fees for services: Other | $149,167 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,000 |
| Total functional expenses | $3,267,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,159 |
| Savings and temporary cash investments | $509,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,857 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,533,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,182,240 |
| Accounts payable and accrued expenses | $17,490 |
| 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 | $2,949,650 |
| Total liabilities | $2,967,140 |
| Net assets without donor restrictions | $11,596,472 |
| Net assets with donor restrictions | $618,628 |
| 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 | $15,182,240 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bible League Foundation has recieved totaling $39,223.
| Awarding Organization | Amount |
|---|---|
Barnabas Foundation Crete, IL PURPOSE: General Support | $39,223 |
Endowment Analysis
| Beg. Balance | $706,204 |
| Earnings | -$69,577 |
| Grants | $18,000 |
| Ending Balance | $618,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The First Spoke Foundation Chicago, IL | $10,124,413 | $552,668 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
Grace Brethren Investment Foundation Inc Winona Lake, IN | $110,003,022 | $4,308,354 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Bible League Foundation Crete, IL | $15,182,240 | $1,097,305 |
Chicago Southwest Development Corporation Chicago, IL | $14,735,476 | $67,891 |
Religion News Foundation Columbia, MO | $2,784,139 | $2,640,609 |
Calvin B Beach Trust 01-13620 Po Box Chicago, IL | $5,695,051 | $2,192,787 |
Ancient Faith Ministries Chesterton, IN | $2,111,722 | $3,110,597 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
Apostolic Christian Counseling And Family Services Inc Morton, IL | $2,415,352 | $1,859,665 |
Eastern Star Jewel Human Services Corporation Indianapolis, IN | $15,251,442 | $10,957,782 |