Unfoldingword
- Assets
- $3.1m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 30
- Location
- Orlando, FL
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 14-1888977
Organization Overview
Unfoldingword is located in Orlando, FL. The organization was established in 2004. According to its NTEE Classification (X02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Unfoldingword employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unfoldingword 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 12/2022, Unfoldingword generated $9.9m in total revenue. All expenses for the organization totaled $9.6m during the year ending 12/2022. While expenses have increased by 67.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CONSULTING, MANAGEMENT, AND SUPPORT SERVICES FOR CHRISTIAN ORGANIZATIONS AND MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATEWAY LANGUAGES (GL)CONTINUING TO EQUIP AND RESOURCE NETWORK PARTNERS TO TRANSLATE AND PUBLISH BIBLICAL CONTENT, TRANSLATION HELPS, AND TRAINING RESOURCES. BIBLICAL CONTENT INCLUDED: THE UNFOLDINGWORD LITERAL TEXT (ULT), UNFOLDINGWORD SIMPLIFIED TEXT (UST), OPEN BIBLE STORIES (OBS).TRANSLATION HELPS INCLUDED: UNFOLDINGWORD TRANSLATION WORDS (UTW), UNFOLDINGWORD TRANSLATION NOTES (UTN), UNFOLDINGWORD TRANSLATION QUESTIONS (UTQ).TRAINING RESOURCES INCLUDED: UNFOLDINGWORD TRANSLATION ACADEMY (UTA)FOUNDATIONAL DOCUMENTS TRANSLATED INTO SPANISH: "UNREACHED TO ESTABLISHED," "LETTING GO," "TRUSTED TO TRUSTWORTHY, AND "THE GATEWAY LANGUAGE STRATEGY".TRANSLATION OF 36 BOOK PACKAGES REACHING PUBLICATION. 14 LANGUAGES GROUPS COMPLETED FIFTY OBS STORIES. 4 NTS COMPLETED.
TOOLSOUR TOOLS PROGRAM RELEASED SEVERAL IMPORTANT UPDATES TO EQUIP THE GLOBAL CHURCH IN THEIR PURSUIT OF FAITHFUL BIBLE TRANSLATION.TRANSLATIONCORE TOOLSET WAS RELEASED, ADDING SUPPORT FOR COMPLEX SCRIPTS THROUGH AN OPEN SOURCE PACKAGE WE DEVELOPED THAT IS INCLUDE IN THE OPEN COMPONENTS ECOSYSTEM. WE HAVE WORKED WITH 5+ INTERNATIONAL ORGANIZATIONS TO FURTHER DEVELOP AND RELEASE OPEN COMPONENTS. WE RELEASED ENGLISH TRANSLATION BOOK PACKAGES, WHICH INCLUDE A FULL SUITE OF RESOURCES DESIGNED TO HELP TRANSLATION TEAMS UNDERSTAND THE BIBLE AND CHECK THEIR TRANSLATIONS. UNFOLDINGWORD OPEN BIBLE STORIES WAS AUGMENTED BY NEW SUPPORTING RESOURCES DESIGNED TO HELP CHURCHES UNDERSTAND THE STUDY THE STORIES. A NEW TOOL, TC CREATE, WAS UPDATED TO HELP GATEWAY LANGUAGE TEAMS TRANSLATION NON-SCRIPTURE HELPS RESOURCES.OUR MAIN CONTENT SERVICE, DCS, RECEIVED SEVERAL MAJOR UPDATES INCLUDING A NEW INTEGRATED CATALOG FEATURE THAT SIMPLIFIES THE PUBLISHING PROCESS.ADDITIONAL PROTOTYPES ARE IN DEVELOPMENT TO TEST FOR FUTURE FUNCTIONALITY FOR THE TRANSLATIONCORE TOOLSET.
INNOVATIONDEVELOPING THE EQUIPPING JOURNEY (EJ) SERIES TO PROVIDE THEOLOGICAL FORMATION ALONGSIDE OUR PARTNERING CHURCH NETWORKS. ESTABLISHING BASIC TRANSLATION AND QUALITY ASSURANCE EXPERTISE AND ASSOCIATED OVERSIGHT IN A PARTNERING CHURCH NETWORK.LAID THE FOUNDATION FOR FUTURE BIBLE TRANSLATION THROUGH A SERIES OF TRAINING WORKSHOPS TESTING NEW TRAINING MODELS TO HELP PARTNERING CHURCH NETWORKS TEACH TRANSLATION PRINCIPLES WHILE SIMULTANEOUSLY MATURING CHURCHES AND BELIEVERS IN THEIR FAITH.DEVELOPING THE GATEWAY LANGUAGES DATABASE (GL DATABASE) TO EQUIP RESEARCHERS WITHIN CHURCH NETWORKS WITH THE BEST AVAILABLE LANGUAGE DATA, TOGETHER WITH A MECHANISM FOR THEM TO PROVIDE UPDATED LANGUAGE IDENTIFICATION AND BIBLE TRANSLATION STATUS REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Reeves President & CEO | OfficerTrustee | 40 | $136,250 |
Michael Vos Chairman | OfficerTrustee | 0.8 | $0 |
Max Anders Vice Chairman | OfficerTrustee | 0.8 | $0 |
Aaron Erickson Director / Treasurer | OfficerTrustee | 0.8 | $0 |
Al Anderstrom Secretary | OfficerTrustee | 0.8 | $0 |
Joel Hunter Director | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridge Connectivity Solutions Translation Work | 12/30/22 | $750,484 |
Servel Global Solutions Llc Software Development And Translation | 12/30/22 | $647,567 |
Stichting 222 Ministry Translation Work | 12/30/22 | $636,358 |
Greater Reach Inc Translation Work | 12/30/22 | $471,392 |
Far East Broadcasting Company Translation Work | 12/30/22 | $621,138 |
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 | $9,844,959 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,844,959 |
| Total Program Service Revenue | $0 |
| Investment income | $749 |
| 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 | $9,854,171 |
| 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. | $333,510 |
| Compensation of current officers, directors, key employees. | $333,510 |
| Compensation to disqualified persons | $348,120 |
| Other salaries and wages | $1,526,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,658 |
| Payroll taxes | $218,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,898 |
| Fees for services: Accounting | $25,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,780,205 |
| Advertising and promotion | $4,850 |
| Office expenses | $194,795 |
| Information technology | $59,465 |
| Royalties | $0 |
| Occupancy | $141,957 |
| Travel | $592,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,292 |
| Insurance | $12,059 |
| All other expenses | $0 |
| Total functional expenses | $9,630,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,577 |
| Savings and temporary cash investments | $1,366,505 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $69,925 |
| Net Land, buildings, and equipment | $594,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $687,678 |
| Total assets | $3,137,314 |
| Accounts payable and accrued expenses | $690,890 |
| 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 | $1,158,957 |
| Total liabilities | $1,849,847 |
| Net assets without donor restrictions | $287,605 |
| Net assets with donor restrictions | $999,862 |
| 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 | $3,137,314 |