Berean Bible Society
- Assets
- $5.1m
- Revenue
- $780.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Germantown, WI
- Founding
- 03/1960
- Data as of
- 12/2021
- EIN
- 36-2256600
Organization Overview
Berean Bible Society is located in Germantown, WI. The organization was established in 1960. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Berean Bible Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berean Bible Society 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, Berean Bible Society generated $780.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $996.8k during the year ending 12/2021. While expenses have increased by 6.2% 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
THE BEREAN BIBLE SOCIETY WAS FOUNDED FOR THE SOLE PURPOSE OF HELPING BELIEVERS UNDERSTAND AND ENJOY THE WORD OF GOD. THEY REACH MILLIONS ON A REGULAR BASIS THROUGH A FREE NATIONAL MAGAZINE, THE BEREAN SEARCHLIGHT, THROUGH THEIR WEBSITE, AND TELEVISION MINISTRY, TRANSFORMED BY GRACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FORMED FOR THE SOLE PURPOSE OF MAKING KNOWN THE GOSPEL OF THE GRACE OF GOD TO MANKIND. THEY REACH MILLIONS ON A REGULAR BASIS THROUGH A FREE NATIONAL MAGAZINE, THE BEREAN SEARCHLIGHT, THROUGH THEIR WEBSITE AND THROUGH THEIR TELEVISION MINISTRY, TRANSFORMED BY GRACE. THE ORGANIZATION OFFERS A WIDE SELECTION OF LITERATURE AND CONTRIBUTES TO "TWO MINUTES WITH THE BIBLE" WHICH IS EMAILED TO SUBSCRIBERS AND APPEARS IN LIMITED NEWSPAPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Kevin Sadler President | Officer | 40 | $69,540 |
Ricky L Kurth Editor | 40 | $62,792 | |
Victoria Sadler Admin Asst | 40 | $52,027 | |
Christine Mulholland Adm Asst | 40 | $44,931 | |
James Tollar Bus Mgr | 40 | $44,613 | |
Jessica Sadler Staff | 40 | $39,710 |
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 | $595,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $595,250 |
| Total Program Service Revenue | $0 |
| Investment income | $175,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,361 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52,733 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $780,908 |
| 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. | $74,980 |
| Compensation of current officers, directors, key employees. | $33,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,051 |
| Pension plan accruals and contributions | $6,291 |
| Other employee benefits | $0 |
| Payroll taxes | $26,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89 |
| Fees for services: Accounting | $10,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,410 |
| Office expenses | $26,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,910 |
| Travel | $5,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,457 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,150 |
| Insurance | $0 |
| All other expenses | $85,426 |
| Total functional expenses | $996,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,442 |
| Savings and temporary cash investments | $430,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $931 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $193,293 |
| Prepaid expenses and deferred charges | $746 |
| Net Land, buildings, and equipment | $485,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,953,399 |
| Total assets | $5,123,773 |
| Accounts payable and accrued expenses | $687 |
| 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 | $687 |
| Net assets without donor restrictions | $5,114,480 |
| Net assets with donor restrictions | $8,606 |
| 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 | $5,123,773 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Berean Bible Society has recieved totaling $17,003.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $16,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
Rbc Ministries Grand Rapids, MI | $21,687,815 | $61,139,442 |
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |