Inspire Bible Corporation
- Assets
- $253.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Bethany, OK
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 84-2577542
Organization Overview
Inspire Bible Corporation is located in Bethany, OK. The organization was established in 2019. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Inspire Bible Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire Bible Corporation 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, Inspire Bible Corporation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.8% each year . All expenses for the organization totaled $892.6k during the year ending 12/2022. 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
THE ORGANIZATION IS A COOPERATIVE UNDERTAKING BY CHURCHES WITH SHARED DOCTRINAL BELIEFS TO LEAD PEOPLE TO BECOME FULLY DEVOTED FOLLOWERS OF CHRIST BY INSPIRING CHRIST-CENTERED BIBLE EXPLORATION AND EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SEEKS TO LEAD PEOPLE TO BECOME FULLY DEVOTED FOLLOWERS OF CHRIST BY INSPIRING CHRIST-CENTERED BIBLE EXPLORATION AND EXPERIENCES. THE ORGANIZATION PARTNERS WITH PASTORS AND CHURCH LEADERS TO CRAFT MEMORABLE AND MEANINGFUL THREE TO SEVEN DAY DISCIPLESHIP TRIPS CALLED "CHURCH EXPERIENCES." THE CHURCH EXPERIENCE INCLUDES A VISIT TO THE MUSEUM OF THE BIBLE, MONUMENTS, AND OTHER HISTORICAL SITES AND ARE DESIGNED FOR CHURCHES, SMALL GROUPS, AND CHURCH NETWORKS. IN ADDITION THE ORGANIZATION PERIODICALLY CONDUCTS "STUDENT EXPERIENCES" WHICH PROVIDE THE OPPORTUNITY FOR STUDENTS TO RECEIVE RELIGIOUS EDUCATIONAL TEACHING ON VARIOUS TOPICS WHILE BEING IMMERSED IN THE HISTORY OF WASHINGTON, D.C. THE STUDENT EXPERIENCES INCLUDES LECTURES, VISITS TO THE MUSEUM OF THE BIBLE, MONUMENTS, AND OTHER HISTORICAL SITES LED BY THE ASSOCIATION'S PERSONNEL. THE ORGANIZATION ALSO CONDUCTS "LEADER EXPERIENCES" WHICH ARE INTENDED FOR BUSINESSES, COMMUNITIES, AND MINISTRY LEADERS WHO WANT TO EXPLORE BIBLICAL TRUTHS TOGETHER. WHILE THE EXPERIENCES ARE THE HEART OF THE ORGANIZATION'S ACTIVITIES, THE ORGANIZATION ALSO COLLABORATES WITH OTHER CHURCH NETWORKS, CHRISTIAN MINISTRIES, AND CHURCHES TO ORGANIZE AND FACILITATE LARGE GROUP GATHERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcafee Director, President | OfficerTrustee | 32 | $75,777 |
Thomas Yates Director, Chair, Treasurer | OfficerTrustee | 40 | $15,264 |
Chris Wall Director, Vice Chair | OfficerTrustee | 1 | $0 |
Dale Brantner Director, Secretary | OfficerTrustee | 40 | $50,769 |
Rashwan Copeland Director | Trustee | 1 | $0 |
Ruth Maholtra Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73 |
| All other contributions, gifts, grants, and similar amounts not included above | $932,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,243 |
| Total Program Service Revenue | $104,857 |
| Investment income | $0 |
| 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 | $1,037,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $141,810 |
| Compensation of current officers, directors, key employees. | $27,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,587 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,245 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,905 |
| Advertising and promotion | $64,069 |
| Office expenses | $24,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $79,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921 |
| Insurance | $4,231 |
| All other expenses | $0 |
| Total functional expenses | $892,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,657 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,164 |
| Other assets | $0 |
| Total assets | $253,221 |
| Accounts payable and accrued expenses | $8,687 |
| 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 | $8,687 |
| Net assets without donor restrictions | $244,534 |
| 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 | $253,221 |