Moody Bible Institute Of Chicago is located in Chicago, IL. The organization was established in 1933. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Moody Bible Institute Of Chicago employed 1,784 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moody Bible Institute Of Chicago 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 06/2022, Moody Bible Institute Of Chicago generated $263.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $116.7m during the year ending 06/2022. While expenses have increased by 0.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MBI IS A HIGHER EDUCATION AND MEDIA MINISTRY THAT EXISTS TO EQUIP PEOPLE WITH THE TRUTH OF GOD'S WORD TO BE MATURING FOLLOWERS OF CHRIST WHO ARE MAKING DISCIPLES AROUND THE WORLD. PRIMARY MINISTRIES INCLUDE THE EDUCATION BRANCH, MOODY RADIO, AND MOODY PUBLISHERS.
Describe the Organization's Program Activity:
EDUCATION:THE MISSION OF MOODY EDUCATION IS TO EDUCATE STUDENTS TO THINK BIBLICALLY, LIVE CHRISTIANLY, AND SERVE THE CHURCH EFFECTIVELY.NUMBER OF STUDENTS (2021-2022 SCHOOL YEAR): UNDERGRADUATE SCHOOL 1,754 GRADUATE SCHOOL 65750 STATES AND THE DISTRICT OF COLUMBIA AND 57 COUNTRIES ARE REPRESENTED IN THE UNDERGRADUATE AND GRADUATE SCHOOL. 7.1% UNDERGRADUATE STUDENTS ARE INTERNATIONAL, AND 3.2% GRADUATE STUDENTS ARE INTERNATIONAL. 6% OF STUDENTS ARE INTERNATIONAL, BETWEEN BOTH UNDERGRADUATE AND GRADUATE STUDENTS.THESE FOLLOWING MAJORS OR EMPHASES ARE OFFERED:UNDERGRADUATE CERTIFICATES: MINISTRY LEADERSHIP, MINISTRY TO WOMEN, BIBLICAL STUDIES, CHILDREN AND FAMILY MINISTRY, DISABILITY MINISTRY, INTERCULTURAL STUDIESASSOCIATES DEGREES: BIBLICAL STUDIES, CHILDREN AND FAMILY MINISTRY, INTERCULTURAL STUDIESBACHELOR OF SCIENCE: INTEGRATED MINISTRY STUDIES, (MINISTRY LEADERSHIPCHILDREN AND FAMILY MINISTRY, DISABILITY MINISTRY, LEADERSHIP, PREACHING, MINISTRY TO WOMEN), (MISSIONARY AVIATION TECHNOLOGYFLIGHT OR MAINTENANCE), BIBLICAL STUDIES, (THEOLOGICAL STUDIESCHRISTIAN THOUGHT OR SPIRITUAL FORMATION), THEOLOGY AND CULTURAL ENGAGEMENTBACHELOR OF ARTS: BIBLICAL PREACHING, BIBLICAL LANGUAGES, (BIBLICAL STUDIES OR BIBLICAL STUDIESMUSIC EMPHASIS), MINISTRY TO WOMEN, (MISSIONAL LEADERSHIPNONPROFIT MANAGEMENT OR INTERDISCIPLINARY), PASTORAL STUDIES, YOUTH MINISTRY, THEOLOGY, CHILDREN AND FAMILY MINISTRY, ELEMENTARY EDUCATION WITH ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL CERTIFICATION, HUMAN SERVICES, APPLIED LINGUISTICS, INTERCULTURAL STUDIES, JEWISH STUDIES, MINISTRY TO VICTIMS OF SEXUAL EXPLOITATION, TESOL, COMMUNICATIONS, (MUSICMUSIC MINISTRY OR WORSHIP AND MEDIA ARTS)THESE PROGRAMS INCLUDE THE FOLLOWING EMPHASES:GRADUATE CERTIFICATE IN (BIBLICAL FOUNDATION, BIBLICAL STUDIES, BIBLICAL SPIRITUAL FORMATION AND DISCIPLESHIP, MARRIAGE, FAMILY, AND COUPLES COUNSELING, MINISTRY LEADERSHIP, TRAUMA-INFORMED COUNSELING, TESOL)MASTER OF ARTS IN: BIBLICAL SPIRITUAL FORMATION AND DISCIPLESHIP, MINISTRY LEADERSHIP, (MINISTRY STUDIESBIBLICAL PREACHING, LEADERSHIP, MISSIONS, PASTORAL MINISTRY, MINISTRY ENTREPRENEURSHIP, INTERDISCIPLINARY), NONPROFIT ADMINISTRATION AND LEADERSHIP, [PASTORAL STUDIES], [TESOL], [BIBLICAL AND THEOLOGICAL STUDIES], [BIBLICAL STUDIES], (CLINICAL MENTAL HEALTH COUNSELING -- MARRIAGE, FAMILY, AND COUPLE COUNSELING, TRAUMA-INFORMED COUNSELING), COUNSELING PSYCHOLOGYMASTER OF DIVINITY IN: BIBLICAL PREACHING, BIBLICAL SPIRITUAL FORMATION AND DISCIPLESHIP, INTERDISCIPLINARY STUDIES, MINISTRY LEADERSHIP, PASTORAL STUDIES, TESOL
PUBLISHING:THE MISSION OF MOODY PUBLISHERS (MP) IS TO RESOURCE THE CHURCH'S WORK OF DISCIPLING ALL PEOPLE. ITS VISION IS FOR READERS TO KNOW, LOVE, AND SERVE JESUS CHRIST. IN DOING SO, MP PROVIDES RESOURCES FOR MBI TO TRAIN FUTURE CHRISTIAN LEADERS. EACH YEAR MP SEEKS TO ADD APPROXIMATELY SIXTY NEW TITLES TO ITS COLLECTION, WHICH NOW INCLUDES MORE THAN 1,300 TITLES IN PRINT. THE MOST SUCCESSFUL PUBLICATIONS ARE FROM MP AUTHORS GARY CHAPMAN, NANCY DEMOSS WOLGEMUTH, JOHN MACARTHUR, AND A. W. TOZER. GARY CHAPMAN IS THE AUTHOR OF THE #1 NEW YORK TIMES BESTSELLER "THE FIVE LOVE LANGUAGES" WITH OVER ELEVEN MILLION COPIES SOLD. NANCY DEMOSS WOLGEMUTH IS THE HOST AND TEACHER FOR THE MOODY RADIO DAILY PROGRAM, REVIVE OUR HEARTS. JOHN MACARTHUR IS PASTOR-TEACHER OF GRACE COMMUNITY CHURCH IN CALIFORNIA AND HOST AND TEACHER OF MOODY RADIO DAILY PROGRAM GRACE TO YOU.
MOODY RADIO IS ONE OF THE OLDEST CHRISTIAN RADIO AND MEDIA NETWORKS IN THE U.S., HAVING AIRED ITS FIRST BROADCAST IN 1926 IN CHICAGO. RESPECTED AS AN INDUSTRY LEADER AND A TRUSTED VOICE, MOODY RADIO HAS 69 FULL POWER STATIONS AND TRANSLATORS, SEVEN DIGITAL CHANNELS, A PODCAST NETWORK, AND MORE THAN 1,500 OUTLETS THAT CARRY ITS PROGRAMMING, REACHING MILLIONS OF LISTENERS THROUGH TERRESTRIAL STATIONS AND DIGITAL PLATFORMS IN BOTH ENGLISH AND SPANISH. MOODY RADIO ADDRESSES TODAYS ISSUES FROM A BIBLICAL WORLDVIEW AND HELPS LISTENERS TAKE THE NEXT STEP IN THEIR JOURNEY WITH JESUS CHRIST BY CREATING AND DELIVERING PRACTICAL AND LIFE-CHANGING CONTENT, SO THAT OUR LISTENERS BECOME BIBLICALLY GROUNDED, PRACTICALLY TRAINED, AND ABLE TO ENGAGE THE WORLD THROUGH GOSPEL-CENTERED LIVING. FOR MORE INFORMATION ABOUT MOODY RADIO, PLEASE VISIT WWW.MOODYRADIO.ORG.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Jobe President & CEO | OfficerTrustee | 38.75 | $258,627 |
Mark A Wagner COO | Officer | 38.75 | $217,506 |
Greg Thornton CFO | Officer | 38.75 | $187,109 |
Janet A Stiven Gen Counsel | Officer | 38.75 | $172,013 |
Samuel S Choy Cmo | Officer | 38.75 | $165,620 |
Debbie A Zelinski Vice President | Officer | 38.75 | $158,517 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Staalsen Construction Building Contractor | 6/29/22 | $1,814,227 |
Bethany Press Printing | 6/29/22 | $1,373,597 |
Darwill Direct Mail Mkting | 6/29/22 | $1,344,495 |
Optiv Security Inc Manage Info Security | 6/29/22 | $1,101,049 |
Versa Press Printing | 6/29/22 | $1,061,598 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,090,166 |
All other contributions, gifts, grants, and similar amounts not included above | $53,375,026 |
Noncash contributions included in lines 1a–1f | $1,089,608 |
Total Revenue from Contributions, Gifts, Grants & Similar | $58,465,192 |
Total Program Service Revenue | $58,537,041 |
Investment income | $5,052,643 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $141,240,416 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $263,295,292 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,435 |
Grants and other assistance to domestic individuals. | $4,730,049 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,049,466 |
Compensation of current officers, directors, key employees. | $764,058 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $46,499,266 |
Pension plan accruals and contributions | $2,557,335 |
Other employee benefits | $8,415,142 |
Payroll taxes | $3,131,802 |
Fees for services: Management | $0 |
Fees for services: Legal | $830,666 |
Fees for services: Accounting | $146,063 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $833,777 |
Fees for services: Investment Management | $475,283 |
Fees for services: Other | $29,015 |
Advertising and promotion | $5,102,281 |
Office expenses | $2,868,141 |
Information technology | $4,860,886 |
Royalties | $4,525,155 |
Occupancy | $4,527,883 |
Travel | $1,144,920 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $154,591 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,686,651 |
Insurance | $881,950 |
All other expenses | $4,105,092 |
Total functional expenses | $116,657,220 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,121,355 |
Savings and temporary cash investments | $27,259,889 |
Pledges and grants receivable | $3,975,411 |
Accounts receivable, net | $8,195,835 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $27,664 |
Inventories for sale or use | $6,335,718 |
Prepaid expenses and deferred charges | $3,606,499 |
Net Land, buildings, and equipment | $56,382,176 |
Investments—publicly traded securities | $216,564,430 |
Investments—other securities | $23,167,736 |
Investments—program-related | $0 |
Intangible assets | $5,321,542 |
Other assets | $164,444,607 |
Total assets | $517,402,862 |
Accounts payable and accrued expenses | $11,667,988 |
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 | $169,478,635 |
Total liabilities | $181,146,623 |
Net assets without donor restrictions | $247,434,018 |
Net assets with donor restrictions | $88,822,221 |
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 | $517,402,862 |
Over the last fiscal year, we have identified 6 grants that Moody Bible Institute Of Chicago has recieved totaling $22,084.
Awarding Organization | Amount |
---|---|
Mark Wauterlek And Allan J Hamiltoneducation Foundation Itasca, IL PURPOSE: EDUCATION | $10,000 |
Floradon Foundation Henderson, NV PURPOSE: EDUCATION | $5,000 |
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $3,100 |
Pearl C Unger Unitrust 16815 Nect Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $1,984 |
Christian Charities Foundation Peoria, IL PURPOSE: CHRISTIAN MINISTRY | $1,000 |
Krueger Charitable Foundation Lake Mills, WI PURPOSE: SUPPORT MINISTRY ACTIVITY THROUGH MOODY RADIO | $1,000 |
Beg. Balance | $105,210,467 |
Earnings | -$22,848,412 |
Net Contributions | $116,390,738 |
Other Expense | $4,539,526 |
Grants | $822,356 |
Ending Balance | $193,390,911 |
Organization Name | Assets | Revenue |
---|---|---|
Midwestern University Downers Grove, IL | $1,723,437,982 | $501,547,069 |
A T Still University Of Health Sciences Kirksville, MO | $449,186,394 | $205,517,169 |
Milwaukee School Of Engineering Milwaukee, WI | $385,282,772 | $169,996,674 |
Rose-Hulman Institute Of Technology Terre Haute, IN | $458,661,917 | $143,470,483 |
Rosalind Franklin University Of Medicine & Science North Chicago, IL | $321,942,163 | $130,066,998 |
Moody Bible Institute Of Chicago Chicago, IL | $517,402,862 | $263,295,292 |
Kansas City University Kansas City, MO | $396,275,959 | $114,344,236 |
Des Moines University Osteopathic Medical Center Des Moines, IA | $450,267,375 | $87,558,866 |
Palmer College Foundation Davenport, IA | $257,383,249 | $91,492,236 |
Accreditation Council For Graduate Medical Education Chicago, IL | $103,044,710 | $71,823,147 |
University Of Health Sciences And Pharmacy In St Louis Saint Louis, MO | $314,379,266 | $75,273,875 |
Asbury Theological Seminary Wilmore, KY | $333,796,449 | $52,800,131 |