Bible Studies Inc
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Darlington, SC
- Founding
- 04/1981
- Data as of
- 12/2022
- EIN
- 57-0698866
Organization Overview
Bible Studies Inc is located in Darlington, SC. The organization was established in 1981. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bible Studies 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 12/2022, Bible Studies Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 13.4% per year over the past 8 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
SPREADING OF THE GOSPEL OF JESUS CHRIST AND ENCOURAGEMENT TO LEAD A CHRISTIAN LIFE MODELING AFTER OUR LORD AND SAVIOR JESUS CHRIST THROUGH VARIOUS BIBLE STUDY MEDIUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY BIBLE STUDY MEETINGS AND CONFERENCES IN VARIOUS LOCATIONS IN SOUTH CAROLINA AND NORTH CAROLINAALSO INTERNATIONAL MISSIONS PREDOMINATELY IN THE CONTINENT OF AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Sisson Board Chairman | OfficerTrustee | 5 | $0 |
Sean Vereen Treasurer | OfficerTrustee | 5 | $0 |
Greg Sisson Secretary | OfficerTrustee | 1 | $0 |
Wick Jackson Board Of Directors | Trustee | 1 | $0 |
Marion Davis Board Of Directors | 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 | $1,358,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,358,460 |
| Total Program Service Revenue | $20,077 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,378,537 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,625 |
| Payroll taxes | $802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,350 |
| Fees for services: Accounting | $6,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,332 |
| Advertising and promotion | $5,819 |
| Office expenses | $1,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,144 |
| Travel | $632,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,742 |
| Interest | $10,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,687 |
| Insurance | $8,773 |
| All other expenses | $0 |
| Total functional expenses | $1,304,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $329,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $910,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,239,468 |
| Accounts payable and accrued expenses | $0 |
| 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 | $298,694 |
| Unsecured mortgages and notes payable | $17,131 |
| Other liabilities | $2,223 |
| Total liabilities | $318,048 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $921,420 |
| Total liabilities and net assets/fund balances | $1,239,468 |