Civic Intelligence

Theological Book Network

990 • Fiscal year 2022 • EIN 35-2166244

Jul 01, 2021 to Jun 30, 2022 • Filed on May 03, 2022

5680 Kraft Ave SEGrand Rapids, MI 49512

(616) 532-3890

Siviq Scores

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

Liabilities / Assets

69th percentile

0.21x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$69,394

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-48%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$328,017

Down $145,753 (-31%) from 2021

Net Assets

Down

$260,187

Down $170,165 (-40%) from 2021

Liabilities

Up

$67,830

Up $24,412 (+56%) from 2021

Revenue

Down

$1,472,956

Down $1,361,493 (-48%) from 2021

Expenses

Down

$1,643,121

Down $682,018 (-29%) from 2021

Net Income

Down

-$170,165

Down $679,475 (-133%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $457,633Liabilities 2010: $59,246Net Assets 2010: $398,3872010Assets 2011: $467,075Liabilities 2011: $37,144Net Assets 2011: $429,9312011Assets 2012: $344,446Liabilities 2012: $43,469Net Assets 2012: $300,9772012Assets 2013: $189,245Liabilities 2013: $45,238Net Assets 2013: $144,0072013Assets 2014: $233,077Liabilities 2014: $30,288Net Assets 2014: $202,7892014Assets 2015: $232,221Liabilities 2015: $46,977Net Assets 2015: $185,2442015Assets 2016: $218,222Liabilities 2016: $26,792Net Assets 2016: $191,4302016Assets 2017: $192,682Liabilities 2017: $66,589Net Assets 2017: $126,0932017Assets 2019: $77,847Liabilities 2019: $67,546Net Assets 2019: $10,3012019Assets 2020: $124,737Liabilities 2020: $203,693Net Assets 2020: -$78,9562020Assets 2021: $473,770Liabilities 2021: $43,418Net Assets 2021: $430,3522021Assets 2022: $328,017Liabilities 2022: $67,830Net Assets 2022: $260,1872022Assets 2023: $175,964Liabilities 2023: $92,004Net Assets 2023: $83,9602023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$328,017
Liabilities$67,830
Net Assets$260,187

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,444,1362010Expenses 2011: $1,974,1062011Expenses 2012: $2,097,2662012Expenses 2013: $2,828,5942013Revenue 2014: $2,421,943Expenses 2014: $2,363,161Net Income 2014: $58,7822014Revenue 2015: $2,017,227Expenses 2015: $2,034,772Net Income 2015: -$17,5452015Revenue 2016: $2,053,412Expenses 2016: $2,172,226Net Income 2016: -$118,8142016Revenue 2017: $2,693,465Expenses 2017: $2,758,802Net Income 2017: -$65,3372017Revenue 2019: $1,697,702Expenses 2019: $1,756,122Net Income 2019: -$58,4202019Revenue 2020: $1,690,381Expenses 2020: $1,779,638Net Income 2020: -$89,2572020Revenue 2021: $2,834,449Expenses 2021: $2,325,139Net Income 2021: $509,3102021Revenue 2022: $1,472,956Expenses 2022: $1,643,121Net Income 2022: -$170,1652022Revenue 2023: $1,608,035Expenses 2023: $1,784,262Net Income 2023: -$176,2272023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2022

Revenue$1,472,956
Expenses$1,643,121
Net Income-$170,165
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 3, 2022
Return Version
2021v4.1
Gross Receipts
$1,472,956
Mission and Program Overview

Mission

To provide quality academic books and journals to the libraries of seminaries, colleges and universities in Africa, Asia, Eastern Europe, Latin America and the Middle East that provide theological training

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$430,352$260,187▼ $170,165
Land, Buildings, and Equipment, Net$55,040$237,869▲ $182,829
Savings and Temporary Cash Investments$290,904$79,933▼ $210,971
Prepaid Expenses and Deferred Charges$16,367$10,156▼ $6,211
Cash and Non-Interest-Bearing Accounts$59$59→ $0
Accounts Receivable$0$0→ $0
Investments Program Related$0--
Total Assets$473,770$328,017▼ $145,753
Other Assets Total$111,400$0▼ $111,400
Liabilities
Accounts Payable and Accrued Expenses$43,418$67,830▲ $24,412
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0$0→ $0
Total Liabilities$43,418$67,830▲ $24,412
Net Assets / Fund Balance
Total Net Assets Fund Balance$430,352$260,187▼ $170,165
Total Liabilities and Net Assets / Fund Balance$473,770$328,017▼ $145,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$186,718$166,968$353,686
Leasehold Improvements$51,151$20,196$71,347
Land$0--
Other Assets Org$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Justin HolfordPresident/CEOFT$69,394$69,394

Board Members and Trustees

NameTitle
Roger LoydChair
Shirley RoelsVice Chair
Daniel AleshireBoard Member
Elizabeth SendekBoard Member
Peter OsbornBoard Member
Stephen CroccoSecretary
Matthew HeynenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,342,531
Program Service Revenue
$0
Investment Income
$795
Other Revenue
$129,630
All Other Contributions
$1,238,561
Change in Net Assets
$-170,165

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,472,956
Total Revenue per Audited Statements
$1,472,956
Total Revenue per Form 990
$1,472,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,332,885
Salaries, Compensation, and Employee Benefits$310,236
Total Fundraising Expense$28,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$160,537$0$0$160,537
All Other Expenses$136,855$9,248$10,174$156,277
Occupancy$116,894$19,030$0$135,924
Current Officers, Directors, Trustees, and Key Employees$44,425$18,510$11,106$74,041
Other Employee Benefits$46,505$1,054$632$48,191
Fees for Services Accounting$0$23,630$0$23,630
Payroll Taxes$17,637$1,593$956$20,186
Depreciation Depletion$12,350$7,060$0$19,410
Conferences and Meetings$8,286$0$0$8,286
Information Technology$1,400$2,826$3,438$7,664
Pension Plan Contributions$5,495$1,116$670$7,281
Insurance$6,003$977$0$6,980
Travel$3,394$0$125$3,519
Other Expenses$0$166$1,140$1,306
Fees for Services Legal$0$522$0$522
Interest$0$174$0$174
Total Functional Expenses$1,527,483$86,850$28,788$1,643,121

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,643,121
Total Expenses per Audited Statements$1,643,121
Total Expenses per Form 990$1,643,121
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Theological Book Network
EIN
35-2166244
Phone
6165323890
Address
5680 Kraft Ave SE, Grand Rapids, MI 49512

Signing Officer

Name
Justin Holford
Title
President/CEO
Phone
6165323890
Signed
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
3

Preparer

Firm
Mlb Accounting
Address
1531 146TH AVE, DORR, MI 49323
Preparer
Mary L Bosker
Phone
6164855734
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Nonprofit with board members.

Pt VI, Line 11B

Tax return prepared by CPA, reviewed by board before filing

Pt VI, Line 12C

Potential conflicts are disclosed annually, board then reviews

Pt VI, Line 15A

Board members determine Executive Director's salary

Pt VI, Line 15B

Key employees salary based on comparative in industry

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PensionPlanContributionsGrp/TotalAmt07281
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016367
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010156
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Justin Holford
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02569988
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015
IRS990/PYOtherExpensesAmt02163186
IRS990/PYOtherRevenueAmt0172788
IRS990/PYRevenuesLessExpensesAmt0306170
IRS990/PYSalariesCompEmpBnftPaidAmt0273435
IRS990/PYTotalExpensesAmt02436621
IRS990/PYTotalRevenueAmt02742791
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-170165
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0430352
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0260187
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0290904
IRS990/SavingsAndTempCashInvstGrp/EOYAmt079933
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01340945
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02463561
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01557211
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01571932
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01880793
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08814442
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0172422
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0136140
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0125326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0127773
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0561661
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0366
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0470
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0438
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt05124
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt06398
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt043
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt09382501
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01340945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02636349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01693821
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01697696
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02013690
IRS990ScheduleA/Total509Grp/TotalAmt09382501
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09382544
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0186718
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0166968
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0353686
IRS990ScheduleD/ExpensesSubtotalAmt01643121
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051151
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020196
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt071347
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Electronic TBN
IRS990ScheduleD/RevenueSubtotalAmt01472956
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0237869
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01643121
IRS990ScheduleD/TotalRevenuePerForm990Amt01472956
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01472956
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01643121
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Occasionally, when they don't apply to our mission, books are sent to a third party to sell
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 32b
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Nonprofit with board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Tax return prepared by CPA, reviewed by board before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Potential conflicts are disclosed annually, board then reviews
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members determine Executive Director's salary
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Key employees salary based on comparative in industry
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0473770
IRS990/TotalAssetsEOYAmt0328017
IRS990/TotalAssetsGrp/BOYAmt0473770
IRS990/TotalAssetsGrp/EOYAmt0328017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.09$0.08$1.61$1.78$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.33$0.07$0.26$1.47$1.64$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.47$0.04$0.43$2.83$2.33$0.51
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.20$0.08$1.69$1.78$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.08$0.07$0.01$1.70$1.76$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.07$0.13$2.69$2.76$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.03$0.19$2.05$2.17$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.05$0.19$2.02$2.03$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.03$0.20$2.42$2.36$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.05$0.14$2.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.04$0.30$2.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.04$0.43$1.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.06$0.40$2.44