Rio Grande Bible Institute Inc
- Assets
- $14.7m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 152
- Location
- Edinburg, TX
- Founding
- 11/1948
- Data as of
- 06/2022
- EIN
- 74-6066216
Organization Overview
Rio Grande Bible Institute Inc, operating under the name Instituto Biblico Rio Grande, is located in Edinburg, TX. The organization was established in 1948. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Instituto Biblico Rio Grande employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Instituto Biblico Rio Grande 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 06/2022, Instituto Biblico Rio Grande generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 2.5% 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 GLORIFY GOD BY SERVING THE HISPANIC CHURCH THROUGH BIBLICAL HIGHER EDUCATION AND OTHER MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RIO GRANDE BIBLE COLLEGE EXISTS TO DEVELOP CHRIST-CENTERED LEADERS WITH A BIBLICAL WORLDVIEW FOR THE GLOBAL CHURCH. WE PROVIDE AN AFFORDABLE ACCREDITED UNDERGRADUATE BIBLE DEGREE PROGRAM FOR SPANISH-SPEAKING STUDENTS. THE PROGRAM COSTS ARE SIGNIFICANTLY REDUCED AND RELY GREATLY ON GENEROUS DONATIONS AND DONATED LABOR FROM OUR STAFF, VOLUNTEERS, AND DONORS. OUR INTERCULTURAL STUDIES PROGRAM IS FOR ENGLISH-SPEAKING STUDENTS DESIRING TO LEARN SPANISH. WE HAVE BEEN PRIVILEGED TO TEACH APPOINTEES FROM 50 DIFFERENT MISSIONARY ORGANIZATIONS. THEY ARE SATURATED WITH THE GRAMMAR, PHONETICS, CONVERSATION, AND CULTURE THROUGH CLASSWORK, INTERACTION, AND PRIVATE TUTORING BY OUR SPANISH-SPEAKING BIBLE COLLEGE STUDENTS. FOR MORE INFORMATION PLEASE VISIT, WWW.RIOGRANDE.EDU.
RADIO ESPERANZA: WITH OVER 100,000 DAILY LISTENERS IN SOUTH TEXAS AND NORTHERN MEXICO, RADIO ESPERANZA HAS BECOME ONE OF THE LOCAL FAVORITES. THIS EXCITING AM AND FM MINISTRY (KRIO 910 AM, KOIR 88.5 FM, KESO 92.7 FM, AND KRIO-FM 97.7) BEAMS THE GOSPEL IN SPANISH INTO AREAS WHERE MISSIONARIES OR PASTORS MAY NEVER BE ABLE TO GO. RADIO PERSONNEL SERVE THE SPANISH-SPEAKING COMMUNITY THROUGH A VARIETY OF MUSIC AND TALK PROGRAMS. THE PRIORITIES OF RADIO ESPERANZA ARE: 1) TO SERVE THE SPIRITUAL AND FAMILY NEEDS OF OUR LISTENERS THROUGH THE TEACHING OF THE WORD OF GOD. 2) EMPHASIZE PRAYER AND MINISTER WITH MUSIC TO THE LIVES OF OUR LISTENERS. 3) PROVIDE TO OUR AUDIENCE INFORMATION REGARDING COMMUNITY EVENTS THAT MAY ASSIST THEM IN THEIR DAILY NEEDS. IT CAN BE ACCESSED ONLINE AT WWW.RADIOESPERANZA.COM.
BIBLEVILLE IS A NON-DENOMINATIONAL BIBLE CONFERENCE CENTER NEAR ALAMO, TEXAS, WHERE "WINTER TEXANS" SHARE THEIR FAITH AND PARTICIPATE IN VARIED ACTIVITIES FROM NOVEMBER THROUGH APRIL. A SPACIOUS 800-SEAT AUDITORIUM, PALM-LINED STREETS, CHRISTIAN NEIGHBORS, AND MISSION-CENTERED ACTIVITIES MAKE BIBLEVILLE AN ATTRACTIVE AND DESIRABLE PLACE TO SPEND THE WINTER OR THE WHOLE YEAR. OUR MAIN EMPHASIS IS TO MINISTER TO WINTER TEXANS AND BE PART OF THE MISSIONARY WORK OF RIO GRANDE BIBLE MINISTRIES. OUR ACTIVITIES INCLUDE BIBLE STUDIES, CRAFTS, DINNERS, AND FELLOWSHIP TIMES. THE CONFERENCE GROUNDS IS A FULLY DEVELOPED CHRISTIAN MINISTRY CENTER WITH NEARLY 100 HOOK-UP SPACES AND 180 LEASED LOTS FOR MOBILE HOMES TO HOUSE MORE THAN 500 SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Windle President | Officer | 40 | $57,072 |
Robert Kerr Secretary | OfficerTrustee | 1 | $0 |
Larry Dick Treasurer | OfficerTrustee | 1 | $0 |
Marty Von Chair | OfficerTrustee | 1 | $0 |
Jonathan White CFO | Officer | 40 | $0 |
Richard Bargas Board Member | 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 | $4,285,765 |
| Noncash contributions included in lines 1a–1f | $929,038 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,285,765 |
| Total Program Service Revenue | $1,039,265 |
| Investment income | $193,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,069,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $46,609 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,700,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $127,717 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,690 |
| Compensation of current officers, directors, key employees. | $21,206 |
| Compensation to disqualified persons | $68,842 |
| Other salaries and wages | $1,592,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $237,995 |
| Payroll taxes | $89,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,843 |
| Fees for services: Accounting | $28,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,148 |
| Fees for services: Other | $144,493 |
| Advertising and promotion | $15,369 |
| Office expenses | $155,716 |
| Information technology | $46,802 |
| Royalties | $4,653 |
| Occupancy | $368,955 |
| Travel | $200,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,780 |
| Interest | $51 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $498,529 |
| Insurance | $95,634 |
| All other expenses | $71,578 |
| Total functional expenses | $4,392,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,934 |
| Savings and temporary cash investments | $15,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,580 |
| Prepaid expenses and deferred charges | $17,673 |
| Net Land, buildings, and equipment | $7,287,207 |
| Investments—publicly traded securities | $5,570,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,272,054 |
| Total assets | $14,715,494 |
| Accounts payable and accrued expenses | $287,012 |
| Grants payable | $0 |
| Deferred revenue | $634,005 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $645,092 |
| Total liabilities | $1,586,109 |
| Net assets without donor restrictions | $11,125,058 |
| Net assets with donor restrictions | $2,004,327 |
| 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 | $14,715,494 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rio Grande Bible Institute Inc has recieved totaling $7,200.
| Awarding Organization | Amount |
|---|---|
The Bantly Charitable Trust Buckhead, GA PURPOSE: RELIGIOUS STUDY GRANT (ARIEL BARRIONUEVO) & BIBLE INSTITUTE DONATION | $7,200 |
Endowment Analysis
| Beg. Balance | $2,506,517 |
| Earnings | -$668,336 |
| Net Contributions | $1,144,491 |
| Other Expense | $277,292 |
| Grants | $32,120 |
| Ending Balance | $2,673,260 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Community Ministries New Orleans, LA | $0 | $15,001,748 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |
Montessori Training And Research Center Of Dallas Addison, TX | $3,170,861 | $1,277,613 |
Baptist Missionary Association Theological Seminary Jacksonville, TX | $3,013,601 | $1,672,352 |
Houston Graduate School Of Theology Houston, TX | $952,992 | $1,656,466 |