Maranatha Bible And Missionary Conference Inc
- Assets
- $17.4m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 251
- Location
- Muskegon, MI
- Founding
- 09/1945
- Data as of
- 12/2023
- EIN
- 38-1558540
Organization Overview
Maranatha Bible And Missionary Conference Inc is located in Muskegon, MI. The organization was established in 1945. 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, Maranatha Bible And Missionary Conference Inc employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maranatha Bible And Missionary Conference 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 12/2023, Maranatha Bible And Missionary Conference Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. While expenses have increased by 4.4% 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.
Since 2015, Maranatha Bible And Missionary Conference Inc has awarded 62 individual grants totaling $1,681,452. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MARANATHA BIBLE AND MISSIONARY CONFERENCE IS A YEAR-ROUND, CHRIST-CENTERED CONFERENCE CENTER AND RESIDENT COMMUNITY THAT EMPHASIZES BIBLE TEACHING, PRAYER AND EVANGELISM TO THE GLORY OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE ACTIVITIES INCLUDE TABERNACLE MEETINGS, FOOD SERVICE, YOUTH RECREATION, HOUSING, ETC. TO GLORIFY THE LORD JESUS CHRIST AND UPHOLD THE MARANATHA STATEMENT OF FAITH. THESE ACTIVITIES ARE CARRIED OUT THROUGH CONFERENCES, SEMINARS, RETREATS, BANQUETS AND SIMILAR ACTIVITIES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Preuss President | Officer | 40 | $98,810 |
Glenn Bussies Director Of Operations | Officer | 40 | $30,857 |
Gary Feenstra President Retired | Officer | 5 | $4,690 |
Dan Heneveld Director | Trustee | 1 | $0 |
Peter Mccarty Director | Trustee | 1 | $0 |
Greg Nyenhuis Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Westhaven Construction Construction | 12/30/22 | $138,895 |
Irish Roofing Exteriors Roofing Contractor | 12/30/22 | $199,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $105,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,066,880 |
| Noncash contributions included in lines 1a–1f | $1,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,880 |
| Total Program Service Revenue | $2,867,826 |
| Investment income | $269,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $835,941 |
| 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 | $27,849 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,172,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $451,657 |
| Grants and other assistance to domestic individuals. | $46,283 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,179 |
| Compensation of current officers, directors, key employees. | $144,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,577,998 |
| Pension plan accruals and contributions | $23,547 |
| Other employee benefits | $125,901 |
| Payroll taxes | $128,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,840 |
| Fees for services: Accounting | $29,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,304 |
| Advertising and promotion | $98,196 |
| Office expenses | $138,011 |
| Information technology | $107,575 |
| Royalties | $0 |
| Occupancy | $450,402 |
| Travel | $28,986 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $900,092 |
| Insurance | $69,057 |
| All other expenses | $0 |
| Total functional expenses | $5,318,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,727 |
| Savings and temporary cash investments | $7,920,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,331 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,557 |
| Prepaid expenses and deferred charges | $86,232 |
| Net Land, buildings, and equipment | $9,195,357 |
| Investments—publicly traded securities | $59,878 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,433,763 |
| Accounts payable and accrued expenses | $526,751 |
| Grants payable | $0 |
| Deferred revenue | $542,896 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $53,474 |
| 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 | $1,123,121 |
| Net assets without donor restrictions | $13,395,938 |
| Net assets with donor restrictions | $2,914,704 |
| 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 | $17,433,763 |
Grants Awarded
Over the last fiscal year, Maranatha Bible And Missionary Conference Inc has awarded $451,657 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MOODY BIBLE INSTITUTE PURPOSE: To further organizations mission | $20,085 |
MISSION INDIA PURPOSE: To further organizations mission | $56,986 |
HOWTOLIFE MOVEMENT PURPOSE: To further organizations mission | $64,527 |
CROSSROADS PRISON MINISTRY PURPOSE: To further organizations mission | $48,882 |
FAITH BIBLE SEMINARY PURPOSE: To further organizations mission | $41,457 |
CHILD EVANGELISM FELLOWSHIP PURPOSE: To further organizations mission | $46,849 |