Church Of Bible Understanding
- Assets
- $16.8m
- Revenue
- $2.2m
- Investments
- $3.6m
- Employees
- 2
- Location
- Scranton, PA
- Founding
- 05/1975
- Data as of
- 12/2023
- EIN
- 23-7184229
Organization Overview
Church Of Bible Understanding is located in Scranton, PA. The organization was established in 1975. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Church Of Bible Understanding employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Church Of Bible Understanding 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, Church Of Bible Understanding generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A CHRISTIAN FELLOWSHIP, UNITED BY OUR MUTUAL FAITH AND HOPE IN CHRIST. OUR AIM IS TO SPREAD THE GOSPEL TO ALL, AND TO FIND OTHERS WHO ARE OF THE SAME MIND AND HOPE. WE ALSO UNDERSTAND IT TO BE GODS WILL TO REMEMBER THE POOR. (JMS 1:27; GAL 2:10).
Describe the Organization's Program Activity:
WELFAREOUR CHURCH OFFERS THE OPPORTUNITY FOR SERIOUS CHRISTIAN TRAINING FOR THOSE WHO DESIRE TO LIVE AND WORK TOGETHER. THE CHURCH PROVIDES HOUSING, FOOD, MEDICAL AND LIVING EXPENSES FOR THESE MEMBERS (ACTS 2:44).
IN 2023 THE US GOVT OPENED THE CHNV HUMANITARIAN PAROLE PROGRAM TO HAITIAN CITIZENS TO ENTER THE US FOR A PERIOD OF UP TO 2 YEARS TO LIVE AND WORK LAWFULLY PROVIDED THEY HAVE A SPONSOR IN THE US. OUR CHURCH HAS RESOLVED TO PARTICIPATE IN THIS PROGRAM DUE TO THE RAPIDLY DETERIORATING CONDITIONS IN HAITI WHERE OUR MISSION WORK IS LOCATED. SEVERAL OF OUR CHURCH MEMBERS HAVE ELECTED TO SPONSOR VARIOUS ONES AND THE CHURCH IS WILLING AND ABLE TO ACT AS A CO-SPONSOR. THE CHURCH WILL ASSIST IN PROVIDING SAFE AND APPROPRIATE HOUSING FOR THESE PEOPLE. WE WILL ALSO ASSIST IN PROVIDING BASIC LIVING NEEDS SUCH AS FOOD, CLOTHING, AND MEDICAL CARE FOR THE DURATION OF THEIR HUMANITARIAN PAROLE PERIOD. THE CHURCH WILL ALSO PROVIDE FOR CONTINUING EDUCATION AND/OR ASSISTANCE IN FINDING EMPLOYMENT ONCE THEY HAVE RECEIVED WORK AUTHORIZATION THROUGH THE GOVERNMENT.
EGLISE DE LA COMPRHENISON DE LA BIBLE" THOMASSIN 32 NO 30 THOMASSIN, HAITI, WIOUR CHURCH SUPPORTS OUR MISSION IN HAITI. WE ARE RECOGNIZED AS A NON GOVERNMENTAL ORGANIZATION (NGO) BY THE DEPARTMENTS OF PLAN, INTERIOR AND NATIONAL DEFENSE,FOREIGN AFFAIRS AND RELIGIOUS AAIRS, ACTING ON BEHALF OF THE GOVERNMENT 0F THE REPUBLIC OF HAITI FOR DEVELOPMENT ASSISTANCE SINCE MARCH 15, 1984. OUR ORGANIZATION TAX IDENTIFICATION NUMBER (NIF NUMBER)IS 000-014-783-3. WE PROVIDE CLOTHING, HOUSING, MEDICAL ASSISTANCE, AND SCHOOLING TO FAMILIES AND YOUNG ADULTS. WE ALSO DISTRIBUTE FOOD TO LOCAL ORPHANAGES AND THE POOR IN MORE REMOTE RURALAREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Digiacoma Board Member | Trustee | 5 | $0 |
Sara Weiss Board Member | Trustee | 5 | $0 |
Gina Zilioli Treasurer | OfficerTrustee | 10 | $10,000 |
Barbara Macrae Board Member | Trustee | 20 | $0 |
Andrew Pereira Vice President | OfficerTrustee | 5 | $0 |
Timothy Mcandrews Board Member | Trustee | 5 | $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 | $1,075,026 |
| Noncash contributions included in lines 1a–1f | $459,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,075,026 |
| Total Program Service Revenue | $658,351 |
| Investment income | $330,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $193,266 |
| Net Gain/Loss on Asset Sales | -$130,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $115,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,241,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,225 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,179,867 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,672 |
| Payroll taxes | $2,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,661 |
| Fees for services: Accounting | $12,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,773 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $249,335 |
| Travel | $68,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $640 |
| Interest | $670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,142 |
| Insurance | $85,772 |
| All other expenses | $19,300 |
| Total functional expenses | $2,529,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,820 |
| Savings and temporary cash investments | $1,002,476 |
| 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 | $653,024 |
| Prepaid expenses and deferred charges | $13,960 |
| Net Land, buildings, and equipment | $2,879,695 |
| Investments—publicly traded securities | $5,593,160 |
| Investments—other securities | $3,561,006 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,748,538 |
| Total assets | $16,754,679 |
| Accounts payable and accrued expenses | $17,237 |
| 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 | $10,384 |
| Total liabilities | $27,621 |
| Net assets without donor restrictions | $16,727,058 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $16,754,679 |
Grants Awarded
Over the last fiscal year, Church Of Bible Understanding has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION OF HOPE | | | $15,000 |
WORLD HARVEST MISSIONS | | | $25,000 |