Berean Bible Institute Inc
- Assets
- $548.0k
- Revenue
- $223.1k
- Investments
- $0.0
- Employees
- 11
- Location
- West Bend, WI
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 39-1960514
Organization Overview
Berean Bible Institute Inc is located in West Bend, WI. The organization was established in 1999. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Berean Bible Institute Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berean Bible Institute 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 12/2021, Berean Bible Institute Inc generated $223.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $311.4k during the year ending 12/2021. 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
BIBLE AND MINISTRY EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION FOR STUDENTS DURING THE YEAR AND PUBLISH BULLETINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert E Nix President | Officer | 20 | $57,027 |
Matthew Ritchey Vice Chairman | Officer | 1 | $5,934 |
Jeffrey Seekins Vice President | Officer | 1 | $0 |
Michael Ratsch Secretary | Officer | 1 | $0 |
David L Brown Treasurer | Officer | 1 | $0 |
Byron Finley Director | Trustee | 1 | $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 | $192,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,269 |
| Total Program Service Revenue | $13,927 |
| Investment income | $1,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,084 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,103 |
| 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. | $62,961 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,481 |
| Pension plan accruals and contributions | $4,832 |
| Other employee benefits | $0 |
| Payroll taxes | $19,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,671 |
| Office expenses | $32,372 |
| Information technology | $671 |
| Royalties | $0 |
| Occupancy | $21,163 |
| Travel | $2,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,984 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,294 |
| Insurance | $5,928 |
| All other expenses | $0 |
| Total functional expenses | $311,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,535 |
| Savings and temporary cash investments | $46,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,170 |
| Net Land, buildings, and equipment | $214,741 |
| Investments—publicly traded securities | $49,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $547,988 |
| Accounts payable and accrued expenses | $14,493 |
| 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 | $14,493 |
| Net assets without donor restrictions | $500,473 |
| Net assets with donor restrictions | $33,022 |
| 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 | $547,988 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Berean Bible Institute Inc has recieved totaling $5,255.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Emergency Nurses Association Schaumburg, IL | $34,613,350 | $21,573,777 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Newton Services Foundation Inc Flint, MI | $3,036,249 | $10,428,739 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Van Andel Institute Graduate School Grand Rapids, MI | $1,492,760 | $4,853,861 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |
Education And Training Connection Midland, MI | $2,969,193 | $3,353,333 |