Bible Study Media Inc
- Assets
- $142.6k
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 47-0994738
Organization Overview
Bible Study Media Inc is located in Jacksonville, FL. The organization was established in 2014. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, 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 Study Media Inc 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 12/2023, Bible Study Media Inc generated $83.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $108.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (23.0%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BIBLE STUDY MEDIA, INC. IS TO FOSTER A BIBLICALLY-LITERATE CHURCH WORLDWIDE THROUGH THE PRODUCTION OF ENGAGING, FAITHFUL, AND APPLICABLE CHRISTIAN TEACHING RESOURCES FOR THE CHURCH AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTS ALIVE: THIS EDUCATIONAL RESOURCE IS A 3-YEAR CHILDREN'S SUNDAY SCHOOL CURRICULUM FOR CHURCHES. AS OF 2023, OVER 15,000 PARTICIPANTS REPRESENTING MORE THAN 240 CHURCH CONGREGATIONS BENEFITED FROM THIS PROGRAM. HEARTS ALIVE REVENUE OF $3,991 IS INCLUDED IN ROYALTY INCOME.
OTHER PROGRAM SERVICES - TOTAL 2023 OTHER GRANTS RECEIVED WAS $59,721 WITH $97,888 IN OTHER PROGRAM EXPENSES. OTHER PROGRAMS INCLUDED GRANTS AND EXPENSES OF THE GENERAL FUND THAT ARE USED FOR PROJECT AND SHARED SERVICES ACROSS THE ORGANIZATION. GENERAL FUND GRANTS TOTALED $54,965 IN 2023, WITH $87,473 IN EXPENSES. THE WATERS OF BAPTISM PROJECT RECEIVED GRANTS OF $4,757 AND $2,916 IN EXPENSES. OTHER PROGRAMS THAT INCURRED EXPENSES IN 2023, BUT DID NOT RECEIVE GRANTS ARE THE CHRISTIAN LIFE TRILOGY ($2,462), CROSS WALK ($20), DRAW NEAR ($40), FACE THE DAWN ($2), HONEST PRAYER ($727), HOPE PEACE LOVE JOY ($2), LIVING HOPE ($924), PILGRIM'S PATH ($290), PREPARE THE WAY ($15), THE GREAT I AM ($1,939), THE KING IS COMING ($48), TRUSTING GOD ($70), WALKING IN LIGHT ($59), WATERS OF BAPTISM ($2,916) AND OTHER PROJECTS ($900).
IGNITE ONLINE CLASSROOM: THE ONLINE IGNITE PLATFORM WAS CREATED TO BRING TOGETHER A COMMUNITY OF PEOPLE AND CHURCHES AND PROVIDE ACCESS TO CHRISTIAN EDUCATIONAL RESOURCES WITH THE MISSION TO END BIBLICAL ILLITERACY THROUGH ALIGNING CURRICULUM AND COMMUNITY.
THE BIBLE CHALLENGE IS A CHRISTIAN EDUCATIONAL RESOURCE. IT IS A READING PLAN WITH STUDY RESOURCES DESIGNED TO HELP USERS READ THE BIBLE DAILY TO READ THE ENTIRE BIBLE IN A YEAR. THE BIBLE CHALLENGE RESOURCES ARE USED BY INDIVIDUALS AROUND THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gow Board Member | Trustee | 1 | $0 |
Charlie Holt Board Member | Trustee | 2 | $0 |
Cathy Brock Board Member | Trustee | 1 | $0 |
Mark Stamey Board Member | Trustee | 1 | $0 |
Walter Bering Board Member | Trustee | 1 | $0 |
Mary Johnston Board Member | Trustee | 1 | $0 |
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 | $59,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,771 |
| Total Program Service Revenue | $19,214 |
| Investment income | $613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,991 |
| 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 | $83,826 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,123 |
| Office expenses | $1,944 |
| Information technology | $14,595 |
| Royalties | $0 |
| Occupancy | $1,913 |
| Travel | $173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,179 |
| All other expenses | $853 |
| Total functional expenses | $108,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,934 |
| Savings and temporary cash investments | $49,274 |
| 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 | $0 |
| Inventories for sale or use | $82,372 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,580 |
| Accounts payable and accrued expenses | $10,475 |
| 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 | $50,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$433 |
| Total liabilities | $60,244 |
| Net assets without donor restrictions | $0 |
| 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 | $82,336 |
| Total liabilities and net assets/fund balances | $142,580 |