Berean Bible Society
- Assets
- $4.5m
- Revenue
- $953.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Germantown, WI
- Founding
- 03/1960
- Data as of
- 12/2023
- 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 12/2023, Berean Bible Society employed 9 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 12/2023, Berean Bible Society generated $953.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 9 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
2023
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 | $79,595 |
Ricky L Kurth Editor | 40 | $62,363 | |
Victoria Sadler Admin Asst | 40 | $55,149 | |
James Tollar Bus Mgr | 40 | $51,407 | |
Jessica Sadler Adm Asst | 40 | $49,371 | |
Donald Hosfeld Staff | 40 | $48,229 |
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 | $768,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,874 |
| Total Program Service Revenue | $0 |
| Investment income | $137,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,562 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,355 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $953,021 |
| 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. | $120,457 |
| Compensation of current officers, directors, key employees. | $24,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,425 |
| Pension plan accruals and contributions | $10,316 |
| Other employee benefits | $0 |
| Payroll taxes | $36,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,690 |
| 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 | $5,074 |
| Office expenses | $35,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,287 |
| Travel | $11,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,499 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,667 |
| Insurance | $0 |
| All other expenses | $102,569 |
| Total functional expenses | $1,286,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,535 |
| Savings and temporary cash investments | $1,212,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $212,231 |
| Prepaid expenses and deferred charges | $19,735 |
| Net Land, buildings, and equipment | $447,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,541,932 |
| Total assets | $4,470,929 |
| Accounts payable and accrued expenses | $781 |
| 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 | $781 |
| Net assets without donor restrictions | $4,462,222 |
| Net assets with donor restrictions | $7,926 |
| 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 | $4,470,929 |