Civic Intelligence

Harvey Cedars Bible Conference Inc. Harvey Cedars N J

990 • Fiscal year 2023 • EIN 21-6000708

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

12 Cedars AvenueHarvey Cedars, NJ 08008

(609) 494-5689

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.07x

Higher debt load relative to revenue than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$134,043

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

30%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$15,578,939

Up $1,499,039 (+11%) from 2022

Net Assets

Up

$15,250,035

Up $1,487,860 (+11%) from 2022

Liabilities

Up

$328,904

Up $11,179 (+3.5%) from 2022

Revenue

Up

$4,598,568

Up $1,050,123 (+30%) from 2022

Expenses

Up

$3,266,797

Up $92,222 (+2.9%) from 2022

Net Income

Up

$1,331,771

Up $957,901 (+256%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $8,155,985Liabilities 2011: $235,393Net Assets 2011: $7,920,5922011Assets 2012: $9,054,535Liabilities 2012: $265,232Net Assets 2012: $8,789,3032012Assets 2013: $9,811,938Liabilities 2013: $268,865Net Assets 2013: $9,543,0732013Assets 2014: $10,707,191Liabilities 2014: $450,209Net Assets 2014: $10,256,9822014Assets 2015: $10,845,270Liabilities 2015: $299,220Net Assets 2015: $10,546,0502015Assets 2016: $11,086,365Liabilities 2016: $269,322Net Assets 2016: $10,817,0432016Assets 2017: $11,885,617Liabilities 2017: $283,415Net Assets 2017: $11,602,2022017Assets 2018: $12,753,066Liabilities 2018: $378,530Net Assets 2018: $12,374,5362018Assets 2019: $13,298,299Liabilities 2019: $345,509Net Assets 2019: $12,952,7902019Assets 2020: $13,556,128Liabilities 2020: $549,082Net Assets 2020: $13,007,0462020Assets 2021: $14,370,819Liabilities 2021: $670,620Net Assets 2021: $13,700,1992021Assets 2022: $14,079,900Liabilities 2022: $317,725Net Assets 2022: $13,762,1752022Assets 2023: $15,578,939Liabilities 2023: $328,904Net Assets 2023: $15,250,0352023Assets 2024: $16,534,750Liabilities 2024: $444,939Net Assets 2024: $16,089,8112024

Highlighted filing

2023

Assets$15,578,939
Liabilities$328,904
Net Assets$15,250,035

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2011: $2,399,4452011Revenue 2012: $3,202,403Expenses 2012: $2,331,336Net Income 2012: $871,0672012Revenue 2013: $3,005,696Expenses 2013: $2,422,998Net Income 2013: $582,6982013Revenue 2014: $3,059,369Expenses 2014: $2,377,118Net Income 2014: $682,2512014Revenue 2015: $2,922,719Expenses 2015: $2,512,115Net Income 2015: $410,6042015Revenue 2016: $2,910,078Expenses 2016: $2,704,461Net Income 2016: $205,6172016Revenue 2017: $3,130,366Expenses 2017: $2,515,226Net Income 2017: $615,1402017Revenue 2018: $3,564,445Expenses 2018: $2,553,217Net Income 2018: $1,011,2282018Revenue 2019: $3,199,910Expenses 2019: $2,893,414Net Income 2019: $306,4962019Revenue 2020: $2,353,177Expenses 2020: $2,329,010Net Income 2020: $24,1672020Revenue 2021: $3,278,251Expenses 2021: $2,665,506Net Income 2021: $612,7452021Revenue 2022: $3,548,445Expenses 2022: $3,174,575Net Income 2022: $373,8702022Revenue 2023: $4,598,568Expenses 2023: $3,266,797Net Income 2023: $1,331,7712023Revenue 2024: $4,686,590Expenses 2024: $3,818,829Net Income 2024: $867,7612024

Highlighted filing

2023

Revenue$4,598,568
Expenses$3,266,797
Net Income$1,331,771
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$7,050,647
Mission and Program Overview

Mission

The conference provides a christian spiritual atmosphere for individuals, groups, and families through biblical teaching and worship in a conducive seaside atmosphere.

Harvey cedars bible conference provides - to families, teenagers and a youth staff - quality programs, environment and facilities through which they learn about jesus christ, become more like him and are trained for leadership in the home, church, and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,110,888$9,784,681▲ $673,793
Investments in Publicly Traded Securities$2,997,608$4,647,817▲ $1,650,209
Cash and Non-Interest-Bearing Accounts$1,405,369$590,048▼ $815,321
Pledges and Grants Receivable$385,344$344,136▼ $41,208
Savings and Temporary Cash Investments$130,439$136,707▲ $6,268
Accounts Receivable$4,540$43,658▲ $39,118
Prepaid Expenses and Deferred Charges$30,657$21,203▼ $9,454
Inventories for Sale or Use$15,055$10,689▼ $4,366
Total Assets$14,079,900$15,578,939▲ $1,499,039
Liabilities
Other Liabilities$204,220$201,373▼ $2,847
Accounts Payable and Accrued Expenses$113,505$127,531▲ $14,026
Total Liabilities$317,725$328,904▲ $11,179
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,553,160$13,995,620▲ $1,442,460
Net Assets With Donor Restrictions$1,209,015$1,254,415▲ $45,400
Total Net Assets Fund Balance$13,762,175$15,250,035▲ $1,487,860
Total Liabilities and Net Assets / Fund Balance$14,079,900$15,578,939▲ $1,499,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,462,449$4,990,470$13,452,919
Other Land Buildings$887,264-$887,264
Equipment$196,810$679,937$876,747
Land$238,158-$238,158

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$76,892-▲ $3,793-$80,685
2022$85,337-▼ $6,217$1,670$76,892
2021$78,346-▲ $7,554-$85,337
2020$73,329-▲ $5,017-$78,346
2019$67,358-▲ $9,740-$73,329
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan OldhamEx Dir/secreFT$130,139$3,904$134,043

Board Members and Trustees

NameTitle
Tony HuntPresident
Don ReadTrustee
Dwight LubanskyTrustee
Gil ViningTrustee
Jan BusheyTrustee
Jean WaltersTrustee
Jerry WilliamsTrustee
Jon ChristmanTrustee
Kevin SommonsTrustee
Tim GreerTrustee
Rob FalconeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,473,540
Program Service Revenue
$2,979,234
Investment Income
$90,960
Other Revenue
$54,834
All Other Contributions
$1,473,540
Change in Net Assets
$1,331,771

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$537,218Fair Market Value
Total Noncash Contributions6$537,218-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,577,490
Revenue Not Reported on Financial Statements
$21,078
Revenue Not Reported on Form 990
$201,636
Total Revenue per Audited Statements
$4,779,126
Total Revenue per Form 990
$4,598,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,724,444
Salaries, Compensation, and Employee Benefits$1,527,853
Total Fundraising Expense$116,440
Professional Fundraising Fees$14,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,106,608$71,738$53,396$1,231,742
Depreciation Depletion$317,794$34,897$18,563$371,254
Occupancy$311,449$15,565-$327,014
Insurance$122,161$12,674-$134,835
Current Officers, Directors, Trustees, and Key Employees$120,425$7,801$5,817$134,043
Payroll Taxes$94,775$6,141$4,578$105,494
Office Expenses$30,421$49,779$15,615$95,815
All Other Expenses$81,617$9,371$1,515$92,503
Other Employee Benefits$46,857$3,035$2,264$52,156
Fees for Services Other-$42,600-$42,600
Other Expenses$25,985--$25,985
Fees for Service Investment Mgmnt Fees-$21,078-$21,078
Fees for Services Accounting-$16,400-$16,400
Fees for Services Professional Fundraising--$14,500$14,500
Advertising-$7,629-$7,629
Information Technology-$5,502-$5,502
Pension Plan Contributions$3,968$258$192$4,418
Travel-$2,006-$2,006
Interest-$1,400-$1,400
Total Functional Expenses$2,842,483$307,874$116,440$3,266,797

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,291,266
Total Expenses per Form 990$3,266,797
Expenses per Audited Statements$3,245,719
Expenses Not Reported on Form 990$45,547
Expenses Not Reported on Financial Statements$21,078
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$14,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Guest Deposits$201,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Jan bushey jonathan oldham aunt and nephew

Form 990, Page 6, Part VI, Line 11B

The audit committee is charged with the responsibility to review the 990. A copy of the return is sent to each board member electronically prior to filing the form with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Policy monitored annually for compliance.

Form 990, Page 6, Part VI, Line 15A

Board reviewed executive director compensation reported on the form 990s of comparable organizations to assist in the determination of the executive director's salary. The salary was approved at a board meeting and documented in the minutes.

Form 990, Page 6, Part VI, Line 19

Upon request, and at the ecfa website.

Filing and Contact Details

Filer

Filer Name
Harvey Cedars Bible Conference
EIN
21-6000708
Phone
6094945689
Address
12 CEDARS AVENUE, HARVEY CEDARS, NJ 08008

Signing Officer

Name
Jonathan Oldham
Title
Ex Dir/secretary
Phone
6094945689
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Oldham
Formed
1941
Legal Domicile
Nj
Voting Board Members
11
Independent Board Members
10
Employees
137
Volunteers
77

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia Bergvall CPA
Phone
2153432727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The conference conducts regular services of religious worship and uses its lands and premesis as a place for religious education and wholesome recreational activities. Activities include: operating a retreat lodging facility, offering christian bible conferences, distributing bibles, books, and other christian materials through a bookstore.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under provisions of section 501(c)(3) of the internal revenue code, and from new jersey taxation under the applicable provisions of the state's non-profit organization statutes. Under asc 740-10, accounting for uncertainty in income taxes, management has reviewed its current and past federal and state income tax positions and has determined that the tax positions taken are certain and there is no likelihood that a material tax assessment would be made if the respective government agencies examined tax returns subject to audit. Accordingly, no provision for the effects of uncertain tax positions has been recorded, nor have any related interest and penalties been accrued. The irs and state taxing authorities retain the right to review filed tax returns, generally for three years after they were filed. However, the conference is no longer subject to income tax examinations for years prior to 2020, is not currently under audit, and has not been contacted by any of these tax jurisdictions.

Schedule D, Page 4, Part XI, Line 2D

Cost of goods sold 45,547

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 45,547

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.5$0.44$16.1$4.69$3.82$0.87
2023Detailed filing. Detailed filing data is available for this year.$15.6$0.33$15.3$4.60$3.27$1.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.32$13.8$3.55$3.17$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$0.67$13.7$3.28$2.67$0.61
2020Detailed filing. Detailed filing data is available for this year.$13.6$0.55$13.0$2.35$2.33$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$0.35$13.0$3.20$2.89$0.31
2018Detailed filing. Detailed filing data is available for this year.$12.8$0.38$12.4$3.56$2.55$1.01
2017Detailed filing. Detailed filing data is available for this year.$11.9$0.28$11.6$3.13$2.52$0.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$0.27$10.8$2.91$2.70$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.30$10.5$2.92$2.51$0.41
2014Detailed filing. Detailed filing data is available for this year.$10.7$0.45$10.3$3.06$2.38$0.68
2013Detailed filing. Detailed filing data is available for this year.$9.81$0.27$9.54$3.01$2.42$0.58
2012Summary only. Only limited summary data is available for this year.$9.05$0.27$8.79$3.20$2.33$0.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.16$0.24$7.92$2.40