Institute In Basic Life Principles
- Assets
- $54.1m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 109
- Location
- Big Sandy, TX
- Founding
- 08/1963
- Data as of
- 12/2021
- EIN
- 36-6108515
Organization Overview
Institute In Basic Life Principles is located in Big Sandy, TX. The organization was established in 1963. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Institute In Basic Life Principles employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute In Basic Life Principles 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, Institute In Basic Life Principles generated $5.2m 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 (5.1%) each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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
THE INSTITUTE IN BASIC LIFE PRINCIPLES WAS ESTABLISHED FOR THE PURPOSE OF INTRODUCING PEOPLE TO THE LORD JESUS CHRIST, AND IS DEDICATED TO GIVING INDIVIDUALS, FAMILIES, CHURCHES, SCHOOLS, COMMUNITIES, AND BUSINESSES CLEAR INSTRUCTION AND TRAINING ON HOW TO FIND SUCCESS BY FOLLOWING GOD'S PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, FAMILY CONFERENCES AND A FAMILY CAMP WERE HELD PRESENTING BIBLICAL TEACHING AND TRAINING FOR YOUTHS AND ADULTS. THESE EVENTS WERE LIVE-STREAMED FOR PEOPLE OFF-SITE TO VIEW IN THE U.S. AS WELL AS WORLDWIDE.
IN 2021, BIBLICAL TEACHING MATERIALS WERE CREATED IN THE FORM OF WRITTEN, AUDIO, VIDEO, AND LIVE PRESENTATIONS TO TEACH PRACTICAL TRUTHS FROM THE WORD OF GOD. THESE CHRISTIANS MATERIALS WERE AVAILABLE FOR SALE AND DOWNLOADS, AS WELL AS MANY FREE MATERIALS FOR PEOPLE TO ACCESS ONLINE.
IN 2021, IBLP PRESENTED TRAINING FOR YOUNG PEOPLE IN THE AREAS OF PERSONAL DISCIPLESHIP AND MUSIC, AND PROVIDED PROGRAMS FOR STRENGTHENING FAMILIES THROUGH PARENT AND CHILD ACTIVITIES. IBLP ALSO MINISTERED TO INMATES THROUGH FAITH-BASED CHAPLAINCY PROGRAMS.
DURING 2020, SEMINARS AND CONFERENCES WERE CONDUCTED AND MATERIALS WERE SOLD IN FOREIGN COUNTRIES TO EDUCATE PEOPLE HOW TO FIND SUCCESS IN FOLLOWING GOD'S PRINCIPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Fredrickson CFO | Officer | 39 | $84,810 |
Robert Barth Secretary | Officer | 43 | $84,552 |
Tim Levendusky President | OfficerTrustee | 32 | $49,520 |
Ben Ziesemer Treasurer | Officer | 38 | $48,194 |
Gil Bates Board Member | Trustee | 2 | $1,000 |
David York Board Member | Trustee | 2 | $750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
East Texas Roof Works & Sheetmetal Roofing | 12/30/20 | $142,585 |
C Miller Drilling Inc Drilling Work | 12/30/20 | $268,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $657,169 |
| Noncash contributions included in lines 1a–1f | $303,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,169 |
| Total Program Service Revenue | $1,372,575 |
| Investment income | $841,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,086 |
| Net Rental Income | $1,073,221 |
| Net Gain/Loss on Asset Sales | $1,180,639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,172,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,097 |
| Grants and other assistance to Foreign Orgs/Individuals | $92,208 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $272,977 |
| Compensation of current officers, directors, key employees. | $271,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,615,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,517 |
| Payroll taxes | $160,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,993 |
| Fees for services: Accounting | $28,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,818 |
| Advertising and promotion | $23,479 |
| Office expenses | $103,636 |
| Information technology | $67,635 |
| Royalties | $0 |
| Occupancy | $1,245,525 |
| Travel | $185,331 |
| 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 | $1,102,649 |
| Insurance | $54,866 |
| All other expenses | $38,728 |
| Total functional expenses | $6,051,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,442 |
| Savings and temporary cash investments | $6,488,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,409,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,323,267 |
| Inventories for sale or use | $1,422,461 |
| Prepaid expenses and deferred charges | $111,887 |
| Net Land, buildings, and equipment | $35,706,280 |
| Investments—publicly traded securities | $1,011,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,670 |
| Total assets | $54,149,216 |
| Accounts payable and accrued expenses | $719,193 |
| Grants payable | $0 |
| Deferred revenue | $61,050 |
| 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 | $19,065 |
| Total liabilities | $799,308 |
| Net assets without donor restrictions | $53,010,251 |
| Net assets with donor restrictions | $339,657 |
| 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 | $54,149,216 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute In Basic Life Principles has recieved totaling $230.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $230 |
Endowment Analysis
| Beg. Balance | $317,124 |
| Net Contributions | $220,020 |
| Other Expense | $184,390 |
| Grants | $13,097 |
| Ending Balance | $339,657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Legacy Missions International Dallas, TX | $14,330,799 | $19,529,503 |
East-West Ministries International Plano, TX | $8,184,642 | $19,204,558 |
Marketplace Ministries Inc Plano, TX | $5,987,779 | $19,506,765 |
Pioneer Bible Translators Dallas, TX | $22,558,672 | $19,174,102 |
Society Of St Vincent De Paul Archdiocese Of Galveston-Houston Houston, TX | $7,339,150 | $16,634,792 |
E3 Partners Ministry Plano, TX | $6,012,362 | $14,710,236 |
San Antonio Metropolitan Ministry Inc San Antonio, TX | $12,579,627 | $13,414,405 |
Sower Of Seeds International Ministries Inc Keller, TX | $3,316,148 | $10,449,598 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Union Gospel Mission Of Tarrant County Fort Worth, TX | $65,887,376 | $29,455,408 |
Minnie Slaughter Veal Memorial Fund Dallas, TX | $15,276,892 | $11,585,960 |