Biblical Education By Extension Inc
- Assets
- $2.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Colorado Springs, CO
- Founding
- 08/1996
- Data as of
- 12/2019
- EIN
- 74-2752161
Organization Overview
Biblical Education By Extension Inc, operating under the name BEE World, is located in Colorado Springs, CO. The organization was established in 1996. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2019, BEE World employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. BEE World 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 12/2019, BEE World generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE BIBLICAL EDUCATION & DISCIPLESHIP TRAINING FOR PASTORS/LAY LEADERS THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIBLICAL EDUCATION BY EXTENSION (BEE) CONTINUES TO PROVIDE BIBLICAL TRAINING FOR PASTORS AND LAY LEADERS IN AFRICA, THE MIDDLE EAST, AND ASIA. THIS IS ACCOMPLISHED BY SENDING TEACHERS TO THESE COUNTRIES FOR DISCIPLESHIP SEMINARS.
BIBLICAL COURSES ARE TAUGHT BY OUR TRAINED FACILITATORS OVER OUR INTERNET SEMINARY TO BETTER EQUIP PASTORS AND LAY LEADERS THROUGHOUT THE WORLD TO LEAD THEIR CHURCHES AND DISCIPLE THEIR PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Bridges Part-Year Chairman Board Member & Advisor | OfficerTrustee | 40 | $72,613 |
David Semmelbeck President | OfficerTrustee | 40 | $52,066 |
Sandra Heritage-Culbertson Corporate Secretary | Officer | 40 | $55,260 |
Joseph Dillow Board Member | Trustee | 10 | $6,000 |
James Bobo Chairman Of The Board | OfficerTrustee | 1 | $0 |
James Gressett Board Member | Trustee | 2 | $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 | $3,819,480 |
| Noncash contributions included in lines 1a–1f | $798 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,819,480 |
| Total Program Service Revenue | $127,411 |
| Investment income | $20,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| 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 | $3,974,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $205,291 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $293,902 |
| Compensation of current officers, directors, key employees. | $98,403 |
| Compensation to disqualified persons | $53,228 |
| Other salaries and wages | $1,670,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,699 |
| Payroll taxes | $49,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $134,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,744 |
| Advertising and promotion | $0 |
| Office expenses | $118,928 |
| Information technology | $11,215 |
| Royalties | $0 |
| Occupancy | $39,698 |
| Travel | $567,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $460,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,382 |
| Insurance | $43,304 |
| All other expenses | $0 |
| Total functional expenses | $3,865,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,137 |
| Savings and temporary cash investments | $1,134,321 |
| Pledges and grants receivable | $23,258 |
| 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 | $30,790 |
| Net Land, buildings, and equipment | $915,088 |
| Investments—publicly traded securities | $189,960 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,298,554 |
| Accounts payable and accrued expenses | $50,032 |
| 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 | $189,641 |
| Total liabilities | $239,673 |
| Net assets without donor restrictions | $515,109 |
| Net assets with donor restrictions | $1,543,772 |
| 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 | $2,298,554 |
Grants Awarded
Over the last fiscal year, Biblical Education By Extension Inc has awarded $26,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PIONEERS PURPOSE: Discipleship ministry. | $10,000 |
ROCKY MOUNTAIN BIBLE COLLEGE & SEMINARY PURPOSE: Discipleship ministry. | $16,000 |