4 2 20 Foundation
- Assets
- $1.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Richmond, VA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-3406578
Organization Overview
4 2 20 Foundation, operating under the name Institute for Biblical Languages & Translation Institute Bible Translation Institute for Biblical Languages & Translation, is located in Richmond, VA. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Institute for Biblical Languages & Translation Institute Bible Translation Institute for Biblical Languages & Translation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute for Biblical Languages & Translation Institute Bible Translation Institute for Biblical Languages & Translation 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 12/2022, Institute for Biblical Languages & Translation Institute Bible Translation Institute for Biblical Languages & Translation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 29.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE ACCESS AND ENGAGEMENT WITH THE WHOLE WORD OF GOD FOR EVERY LANGUAGE, CULTURE, AND PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE FOR BIBLICAL LANGUAGES AND TRANSLATION (IBLT) RESOURCES THE BIBLE TRANSLATION MOVEMENT BY TRAINING TRANSLATORS AND CONSULTANTS IN BIBLICAL HEBREW, ORAL TRANSLATION, AND DEAF TRANSLATION. IT ALSO PREPARES HEBREW SPEAKERS, BOTH JEWISH AND ARAB, TO BE TRANSLATION CONSULTANTS AND CHECKERS. THE IBLT DRAWS FROM THE EXPERTISE OF PREMIER LOCAL INSTITUTIONS WHILE ENHANCING LEARNING IN THE UNIQUE CONTEXT OF THE HOLY LAND AND ITS PEOPLE. THE GOAL OF THE INSTITUTE FOR BIBLICAL LANGUAGES AND TRANSLATION IS TO ENABLE THE TRAINING OF SUFFICIENT CONSULTANTS AND MOTHER TONGUE TRANSLATORS SO THAT TRANSLATION OF THE OLD TESTAMENT CAN BEGIN IN EVERY LANGUAGE BY THE YEAR 2033.FOLLOWING THE WORLDWIDE PANDEMIC, WE WERE ABLE TO RE-OPEN OUR RESIDENTIAL PROGRAMS IN THE HOLY LAND, WHILE CONTINUING DEVELOPMENT AND IMPLEMENTATION OF A DISTANCE LEARNING PROGRAM (HEBREW EXTENSION LEARNING PROGRAM) WHICH SERVES MANY MORE TRANSLATORS AND CONSULTANTS GLOBALLY, TO ENABLE EXPONENTIAL MULTIPLICATION OF WHOLE BIBLE TRANSLATIONS.SEE OUR FULL ANNUAL REPORT AT HTTPS://WWW.FLIPSNACK.COM/BF6CD8BBDC9/ANNUAL-REPORT-2022-MORE-TOGETHER/FULL-VIEW.HTML.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Swarr President & CEO | OfficerTrustee | 40 | $142,884 |
Lori Miller Board Member/treasurer & S | OfficerTrustee | 8 | $0 |
Samuel Chiang Chairman | OfficerTrustee | 5 | $0 |
Greg Anderson Board Member | Trustee | 4 | $0 |
David Hamilton Board Member | Trustee | 4 | $0 |
Ram Gidoomal Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,332,775 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,545,972 |
| Total Program Service Revenue | $1,033,873 |
| Investment income | $5,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,680 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,599,567 |
| 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 | $672,638 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $251,359 |
| Compensation of current officers, directors, key employees. | $96,582 |
| Compensation to disqualified persons | $114,845 |
| Other salaries and wages | $609,142 |
| Pension plan accruals and contributions | $33,801 |
| Other employee benefits | $49,432 |
| Payroll taxes | $70,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $23,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,267,936 |
| Advertising and promotion | $1,368 |
| Office expenses | $104,554 |
| Information technology | $144,236 |
| Royalties | $350 |
| Occupancy | $237,469 |
| Travel | $116,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,602 |
| Interest | $13,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $67,435 |
| All other expenses | $60,396 |
| Total functional expenses | $4,008,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,760 |
| Savings and temporary cash investments | $127,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310,260 |
| 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 | $23,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $80,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,885 |
| Total assets | $1,251,217 |
| Accounts payable and accrued expenses | $293,313 |
| Grants payable | $0 |
| Deferred revenue | $139,375 |
| 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 | $660,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $160,885 |
| Total liabilities | $1,254,373 |
| Net assets without donor restrictions | -$6,077 |
| Net assets with donor restrictions | $2,921 |
| 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 | $1,251,217 |