Discover The Book Ministries Inc
- Assets
- $3.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Owasso, OK
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 31-1681969
Organization Overview
Discover The Book Ministries Inc is located in Owasso, OK. The organization was established in 2000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Discover The Book Ministries Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discover The Book Ministries 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 12/2022, Discover The Book Ministries Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $869.0k during the year ending 12/2022. While expenses have increased by 20.3% per year over the past 8 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
TO HELP IN THE BIBLICAL EDUCATION OF YOUTH AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, DTBM PREPARED EVANGELISM & DISCIPLESHIP COURSES, AND FILMED LESSONS THAT WERE EDITED AND UPLOADED TO OUR WEBSITES. THESE COURSES ARE DESIGNED TO BIBLICALLY TRAIN BOTH NEXTGENERATION STUDENTS (YOUTH) AND FRONTLINE STUDENTS (ADULTS). OUR TOP THREE INVESTMENTS IN FULFILLING OUR PROGRAM SERVICES IN 2022 WERE: 1. VIRTUAL CLASSROOMS: WE CONTINUED TO ENHANCE OUR MAIN VIRTUAL CLASSROOM/STUDIO CAMERAS, AUDIO EQUIPMENT, AND VIDEO PROCESSING SERVICES. A MOBILE STUDIO WAS UPDATED AS WELL FOR USE IN REMOTE CLASSROOMS IN EUROPE, ASIA, CANADA, AND CENTRAL AMERICA. WE SERVED CLASSES WITH 500 REGISTERED BIBLE EDUCATION STUDENTS DURING 2022. 2. TRAINING CONFERENCES: WE TRAVELED FOR YOUTH TRAINING CONFERENCES WITH 350 STUDENTS IN NEW YORK (AUGUST & OCTOBER), 120 STUDENTS IN FLORIDA (MARCH), AND 20 STUDENTS IN KOREA (NOVEMBER). 3. ONLINE EDUCATION: WE CONTINUED THE DESIGN AND PREPARATION OF THE PROPOSED DTBM ACADEMY WHICH WILL POTENTIALLY HOST ALL THE COURSES WITH AUDIO, VIDEO, AND PRINTABLE STUDY GUIDES FOR OUR 36 KEY DISCIPLESHIP COURSES STARTING IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barnett President & Chairman | OfficerTrustee | 50 | $131,935 |
Bonnie Barnett Vice Chair/secretary | OfficerTrustee | 40 | $0 |
Duke Weir Treasurer | OfficerTrustee | 2 | $0 |
Jim Stubbs Director | Trustee | 1 | $0 |
Randy Watson Director | Trustee | 1 | $0 |
Tom Tibble Director | Trustee | 0.5 | $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 | $2,385,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,385,004 |
| Total Program Service Revenue | $0 |
| Investment income | $26,282 |
| 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 | $17,887 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,429,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,161 |
| 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. | $243,379 |
| Compensation of current officers, directors, key employees. | $4,868 |
| Compensation to disqualified persons | $9,110 |
| Other salaries and wages | $20,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,480 |
| Advertising and promotion | $42,676 |
| Office expenses | $102,764 |
| Information technology | $159,120 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $254,533 |
| 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 | $9,189 |
| Insurance | $310 |
| All other expenses | $5,565 |
| Total functional expenses | $869,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,572 |
| Savings and temporary cash investments | $3,423,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,441 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,652,555 |
| Accounts payable and accrued expenses | $23,576 |
| 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 | $0 |
| Total liabilities | $23,576 |
| Net assets without donor restrictions | $3,628,979 |
| 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 | $3,652,555 |