World Bible School Incorporated
- Assets
- $7.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Cedar Park, TX
- Founding
- 04/1983
- Data as of
- 12/2021
- EIN
- 74-2254797
Organization Overview
World Bible School Incorporated is located in Cedar Park, TX. The organization was established in 1983. 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, World Bible School Incorporated employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Bible School Incorporated 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, World Bible School Incorporated generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
RELIGIOUS EDUCATION TO THE UNCHURCHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVERTISING AND PROMOTIONAL PROGRAMS TO RECRUIT STUDENTS FOR WBS PUBLICATIONS,CORRESPONDENCE AND OTHER EDUCATIONAL COURSES.
COURSE PUBLICATIONS PROVIDE CHRISTIAN EDUCATIONAL MATERIALS TO TEACHERS IN ORDER FOR THEM TO TEACH AND MINISTER TO PEOPLE AROUND THE WORLD.
WBS OFFERS COURSES THROUGH THE INTERNET TO REACH A LARGER POPULATION OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Reese President | Officer | 40 | $117,604 |
Tim Yaeger VP Of Technology | Officer | 40 | $77,986 |
Brian Davis Executive VP & COO | Officer | 40 | $72,847 |
Dr Howard Norton Board Chairman | OfficerTrustee | 1 | $0 |
Dennis Raesener Treasurer | OfficerTrustee | 1 | $0 |
Bill Colwell VP Of Church Relations | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Google Advertising | 12/30/21 | $283,160 |
Alro Media Group Web Development And Support | 12/30/21 | $157,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $168,518 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,356,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,524,527 |
| Total Program Service Revenue | $551,060 |
| Investment income | $33,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $157 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,337 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,088,787 |
| 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 | $402,777 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,399 |
| Compensation of current officers, directors, key employees. | $64,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $982,011 |
| Pension plan accruals and contributions | $30,000 |
| Other employee benefits | $489,078 |
| Payroll taxes | $30,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $538,312 |
| Advertising and promotion | $140,884 |
| Office expenses | $15,729 |
| Information technology | $86,215 |
| Royalties | $0 |
| Occupancy | $409,898 |
| Travel | $148,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,845 |
| Insurance | $22,545 |
| All other expenses | $10,030 |
| Total functional expenses | $4,289,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,265 |
| Savings and temporary cash investments | $373,497 |
| 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 | $310,521 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $601,109 |
| Investments—publicly traded securities | $5,062,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,651 |
| Total assets | $7,160,028 |
| Accounts payable and accrued expenses | $0 |
| 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 | $31,651 |
| Total liabilities | $31,651 |
| Net assets without donor restrictions | $6,792,851 |
| Net assets with donor restrictions | $335,526 |
| 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 | $7,160,028 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that World Bible School Incorporated has recieved totaling $554,510.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $500,000 |
Kathleen Mcgehee Trust Jacksonville, FL PURPOSE: MISSION SUPPORT | $32,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,510 |
Endowment Analysis
| Beg. Balance | $559,270 |
| Earnings | $207,096 |
| Net Contributions | $717,106 |
| Other Expense | $427,000 |
| Ending Balance | $1,056,472 |
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 |