Bible Pathway Ministries
- Assets
- $354.5k
- Revenue
- $415.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Murfreesboro, TN
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 62-0972054
Organization Overview
Bible Pathway Ministries is located in Murfreesboro, TN. The organization was established in 1977. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Bible Pathway Ministries employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bible Pathway Ministries 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, Bible Pathway Ministries generated $415.3k 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 $439.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
TO PROMOTE DAILY BIBLE READING THROUGH A PRINTED DEVOTIONAL GUIDE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE DAILY BIBLE READING THROUGH A PRINTED DEVOTIONAL GUIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Palafox President | OfficerTrustee | 40 | $68,600 |
James K Jennings Director | Trustee | 33 | $24,010 |
Ryan Jennings Secretary | OfficerTrustee | 1 | $0 |
Christopher Robison Director | Trustee | 1 | $0 |
Cassie Patton Director | 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 | $351,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,293 |
| Total Program Service Revenue | $64,013 |
| Investment income | $0 |
| 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 | $415,306 |
| 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. | $92,610 |
| Compensation of current officers, directors, key employees. | $68,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,557 |
| Payroll taxes | $18,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,114 |
| 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 | $9,561 |
| Insurance | $7,905 |
| All other expenses | $3,912 |
| Total functional expenses | $439,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,104 |
| Savings and temporary cash investments | $27,241 |
| 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 | $25,155 |
| Prepaid expenses and deferred charges | $2,580 |
| Net Land, buildings, and equipment | $83,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425 |
| Total assets | $354,474 |
| Accounts payable and accrued expenses | $511 |
| 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 | $4,865 |
| Total liabilities | $5,376 |
| Net assets without donor restrictions | $149,098 |
| Net assets with donor restrictions | $200,000 |
| 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 | $354,474 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bible Pathway Ministries has recieved totaling $40,082.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
The Rethink Group Inc Cumming, GA | $5,968,451 | $26,130,363 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |