World Bible Way Fellowship Inc
- Assets
- $146.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ben Franklin, TX
- Founding
- 02/1972
- Data as of
- 12/2023
- EIN
- 75-6036423
Organization Overview
World Bible Way Fellowship Inc is located in Ben Franklin, TX. 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. This organization is a parent organization of an affiliated group for tax-exemption purposes. World Bible Way Fellowship 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, World Bible Way Fellowship Inc generated $109.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $95.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION SERVES AS A SPIRITUAL COVERING OF MINISTERIAL PASTORAL CARE, FELLOWSHIP, NURTURING, AND EMPOWERMENT TO ITS MEMBERS THROUGHOUT THE WORLD
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Chance President | 20 | $24,000 | |
Rory Cobbs Sr Vice President | 5 | $0 | |
Maurice Gray Director | 1 | $0 | |
Doyle Barnett Director | 5 | $0 | |
Lee Farmer Director | 1 | $0 | |
Scott Story Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,783 |
| Total Program Service Revenue | $0 |
| Membership dues | $35,155 |
| Investment income | $548 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,486 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $38,573 |
| Occupancy, rent, utilities, and maintenance | $6,183 |
| Printing, publications, postage, and shipping | $5,563 |
| Other expenses | $44,761 |
| Total expenses | $95,080 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,556 |
| Other assets | $0 |
| Total assets | $146,556 |
| Total liabilities | $563 |
| Net assets or fund balances | $145,993 |