Clear Bible Inc
- Assets
- $3.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Grandville, MI
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-2408473
Organization Overview
Clear Bible Inc is located in Grandville, MI. The organization was established in 2016. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Clear Bible Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clear Bible 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, Clear Bible Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 34.4% 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
CLEAR BIBLE IS ACCELERATING THE FAITHFUL TRANSLATION OF SCRIPTURE UNTIL ALL PEOPLE CAN ACCESS GODS WORD IN THEIR OWN LANGUAGE. CLEAR WORKS WITH VARIOUS PARTNERS TO CREATE SPECIALIZED, USER-DRIVEN, PRACTICAL SOLUTIONS TO REMOVE BARRIERS TO TRANSLATING THE BIBLE FASTER AND BETTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAR IS CREATING SOFTWARE AND DATA THAT FACILITATES INCREASED ACCURACY IN THE BIBLE TRANSLATION PROCESS. THE CLEARDASHBOARD IS DESIGNED TO HELP TRANSLATION CONSULTANTS WORK MORE EFFICIENTLY. IT PULLS INFORMATION THAT THEY NEED FROM VARIOUS SCREENS AND COMBINES IT ALL INTO ONE EASY-TO-SEE VIEW AND WORKS WITHIN THE PARATEXT ECOSYSTEM. OUR MACULA BIBLICAL DATASETS FORM THE CORE OF AN ECOSYSTEM DESIGNED TO GIVE BIBLE TRANSLATION TEAMS INSIGHT INTO THE ORIGINAL GREEK AND HEBREW LANGUAGES AS THEY WORK TO TRANSLATE THE BIBLE. WHEREVER POSSIBLE, WE OFFER OUR SOFTWARE AND DATA THROUGH AN OPEN SOURCE LICENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Tan VP Innovation | 40 | $122,908 | |
Michael Brinker Software Engineer Lead | 40 | $122,164 | |
Jonathan Robie Research And Development Lead | 40 | $120,536 | |
John Sawyer CEO | Officer | 40 | $119,154 |
Alex Mosoiu COO | Officer | 32 | $64,200 |
John Hanger Board Member | Trustee | 1.33 | $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 | $3,925,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,925,457 |
| Total Program Service Revenue | $0 |
| Investment income | $305 |
| 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 | $3,926,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $214,234 |
| Compensation of current officers, directors, key employees. | $82,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,150 |
| Pension plan accruals and contributions | $21,511 |
| Other employee benefits | $56,766 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,215 |
| Fees for services: Accounting | $11,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $83,325 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,612,267 |
| Advertising and promotion | $30,389 |
| Office expenses | $24,812 |
| Information technology | $19,257 |
| Royalties | $0 |
| Occupancy | $7,495 |
| Travel | $71,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,738 |
| Insurance | $3,973 |
| All other expenses | $0 |
| Total functional expenses | $2,828,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $795,978 |
| Pledges and grants receivable | $2,294,163 |
| 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 | $59,577 |
| Net Land, buildings, and equipment | $7,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,157,635 |
| Accounts payable and accrued expenses | $25,011 |
| 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 | $25,011 |
| Net assets without donor restrictions | $1,482,624 |
| Net assets with donor restrictions | $1,650,000 |
| 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 | $3,157,635 |