Bible Study Time Inc
- Assets
- $12.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Spartanburg, SC
- Founding
- 11/1972
- Data as of
- 12/2023
- EIN
- 58-1137589
Organization Overview
Bible Study Time Inc is located in Spartanburg, SC. The organization was established in 1972. 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, Bible Study Time Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bible Study Time 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, Bible Study Time Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $916.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 9 years. 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 ORGANIZATION'S MISSION IS TO SPREAD THE GOSPEL OF JESUS CHRIST TO THE WORLD. ITS MISSION IS ACCOMPLISHED AS A CHURCH THROUGH REGULAR CHURCH WORSHIP AND PRAYER SERVICES, TELEVISION AND RADIO PROGRAMMING, INCLUDING SUPPORTING OTHER ORGANIZATIONS' TELEVISION AND RADIO PROGRAMMING, PREACHING, TEACHING, COUNSELING, PASTORAL CARE, AND AUDIO, PRINT, AND VISUAL MEDIA PUBLICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PROGRAM SERVICE IS TO TO CONDUCT WEEKLY, AND SOMETIMES DAILY, CHRISTIAN CHURCH WORSHIP AND/OR PRAYER SERVICES AT ITS LOCATION ON ST. JOHN STREET IN SPARTANBURG, SOUTH CAROLINA AND ALSO TO OPERATE AS A CHURCH THROUGH THE PRODUCTION AND BROADCAST OF CHRISTIAN TELEVISION AND RADIO PROGRAMMING INCLUDING PREACHING AND TEACHING. THE ORGANIZATION'S WEB SITES THEAWAKENINGHOUR.COM AND TIMEFORHOPE.COM FACILITATE THE ACHIEVEMENT OF THIS PROGRAM SERVICE.
THE ORGANIZATION ALSO PROVIDES SUPPORT TO OTHER CHRISTIAN ORGANIZATIONS WITH HARMONIOUS MISSIONS IN THEIR CHRISTIAN TELEVISION AND RADIO PROGRAMMING ENDEAVORS. THE ORGANIZATION'S WEB SITE FOR SELECT RELIGIOUS BROADCASTING FOUND AT SELECTBROADCASTING.ORG FACILITATES THE ACHIEVEMENT OF THIS PROGRAM SERVICE.
THE ORGANIZATION FURTHER ACCOMPLISHES ITS MISSION BY PUBLISHING, SELLING, AND OTHERWISE DISTRIBUTING CHRISTIAN AUDIO, PRINT, AND VISUAL MEDIA, PROVIDING CHRISTIAN COUNSELING AND PASTORAL CARE TO CHURCH AND COMMUNITY MEMBERS, DONATING PRINT MEDIA TO PRISON INMATES, AND EVANGELIZING INDIVIDUALS THROUGH PERSONAL WITNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr William Crews Jr President | OfficerTrustee | 40 | $105,107 |
Kathy Covington Director | Trustee | $0 | |
Jim Ness Director | Trustee | $0 | |
Wendy Sailor Director | Trustee | $0 | |
Terri Moyer Secretary/tr | Officer | $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 | $16,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,648 |
| Total Program Service Revenue | $809,669 |
| Investment income | $350,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,243,176 |
| 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. | $105,107 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,265 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,078 |
| Payroll taxes | $23,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,305 |
| Fees for services: Accounting | $20,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,550 |
| Fees for services: Other | $1,763 |
| Advertising and promotion | $0 |
| Office expenses | $27,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,163 |
| Travel | $745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,643 |
| Insurance | $39,137 |
| All other expenses | $13,654 |
| Total functional expenses | $916,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,195 |
| Savings and temporary cash investments | $456,913 |
| 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 | $690,504 |
| Investments—publicly traded securities | $10,999,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $360,000 |
| Total assets | $12,801,001 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,801,001 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $12,801,001 |