Explorers Bible Study Association
- Assets
- $870.0k
- Revenue
- $323.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Dickson, TN
- Founding
- 07/1985
- Data as of
- 08/2023
- EIN
- 87-0400516
Organization Overview
Explorers Bible Study Association is located in Dickson, TN. The organization was established in 1985. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Explorers Bible Study Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explorers Bible Study Association 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 08/2023, Explorers Bible Study Association generated $323.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $352.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXPLORER'S BIBLE STUDY IS A NON-DENOMINATIONAL ORGANIZATION WHOSE PURPOSE IS TO INVITE ALL TO A CLOSER WALK WITH GOD THROUGH IN DEPTH STUDY OF THE BIBLE. COURSES ARE TAUGHT BY VOLUNTEER TEACHERS IN COMMUNITY BASED CLASSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. TO BRING INDIVIDUALS CLOSER TO GOD THROUGH IN-DEPTH STUDY OF THE BIBLE, UNDERSTANDING GOD THROUGH THE READING OF HIS REVELATION OF HIMSELF IN THE BIBLE, COMING TO KNOW HIS SON JESUS CHRIST IN ALL HIS FULLNESS THROUGH THE POWER OF THE HOLY SPIRIT. 2. TO HELP ENCOURAGE INDIVIDUALS TO ESTABLISH A PATTERN OF DAILY BIBLE STUDY AND TO MAKE THE BIBLE A LIVING AND INTERESTING BOOK FOR THOSE INVOLVED IN ITS STUDY. 3. TO MAKE BIBLE STUDY RELEVANT TO DAILY LIFE THROUGH THE POWER OF THE HOLY SPIRIT AND TO MAKE GOD'S PROMISES EFFECTIVE IN EACH STUDENT'S PERSONAL EXPERIENCES. 4. TO EQUIP AND MOTIVATE INDIVIDUALS TO CONTRIBUTE MORE EFFECTIVELY TO THE LIFE AND WORK OF THEIR INDIVIDUAL CHURCHES, SUPPORTING THEM FAITHFULLY IN PRAYER, STEWARDSHIP AND SERVICE. 5. TO HELP INDIVIDUALS MAKE A GREATER IMPACT FOR CHRIST IN THEIR FAMILIES AND COMMUNITY, COMMUNICATING TO OTHERS WHAT THEY HAVE LEARNED AND RECEIVED, BEING ALERT TO OPPORTUNITIES TO AFFECT OTHERS FOR GOOD, SERVING IN THE KINGDOM OF GOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Burnette Part Year Ex | Officer | 40 | $0 |
Mike Harding Part Year Ex | Officer | 40 | $0 |
Beth Fitts Chairman | OfficerTrustee | 0.5 | $0 |
Stephanie Berry Secretary | OfficerTrustee | 0.5 | $0 |
Jennifer Williams Board Member | Trustee | 0.5 | $0 |
James Armstrong Board Member | Trustee | 0.5 | $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 | $151,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,418 |
| Total Program Service Revenue | $0 |
| Investment income | $1,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $112 |
| Net Rental Income | $7,625 |
| Net Gain/Loss on Asset Sales | -$1,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $164,188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,418 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,851 |
| Compensation of current officers, directors, key employees. | $24,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,677 |
| Pension plan accruals and contributions | $5,956 |
| Other employee benefits | $0 |
| Payroll taxes | $15,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,738 |
| Advertising and promotion | $3,519 |
| Office expenses | $29,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,357 |
| Travel | $4,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,109 |
| Insurance | $3,991 |
| All other expenses | $1,615 |
| Total functional expenses | $351,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,578 |
| Savings and temporary cash investments | $397,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,435 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $280,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $870,017 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,501 |
| Deferred revenue | $7,891 |
| 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 | $15,392 |
| Net assets without donor restrictions | $849,625 |
| Net assets with donor restrictions | $5,000 |
| 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 | $870,017 |