Civic Intelligence

Bible Memory Program Inc.

990 • Fiscal year 2018 • EIN 35-6066466

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

1014 N Greene RoadGoshen, IN 46526

(574) 533-5388

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

59th percentile

7.4%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$52,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

61st percentile

8.2%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

1.4%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$201,895

Up $15,282 (+8.2%) from 2017

Net Assets

Up

$201,007

Up $15,490 (+8.3%) from 2017

Liabilities

Down

$888

Down $208 (-19%) from 2017

Revenue

Up

$210,405

Up $2,976 (+1.4%) from 2017

Expenses

Up

$194,915

Up $2,894 (+1.5%) from 2017

Net Income

Up

$15,490

Up $82 (+0.5%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $171,808Liabilities 2010: $18,022Net Assets 2010: $153,7862010Assets 2016: $170,917Liabilities 2016: $808Net Assets 2016: $170,1092016Assets 2017: $186,613Liabilities 2017: $1,096Net Assets 2017: $185,5172017Assets 2018: $201,895Liabilities 2018: $888Net Assets 2018: $201,0072018Assets 2019: $247,590Liabilities 2019: $1,858Net Assets 2019: $245,7322019Assets 2020: $324,346Liabilities 2020: $2,234Net Assets 2020: $322,1122020Assets 2021: $456,974Liabilities 2021: $2,469Net Assets 2021: $454,5052021Assets 2022: $477,983Liabilities 2022: $2,474Net Assets 2022: $475,5092022Assets 2023: $489,221Liabilities 2023: $3,242Net Assets 2023: $485,9792023Assets 2024: $547,414Liabilities 2024: $3,301Net Assets 2024: $544,1132024

Highlighted filing

2018

Assets$201,895
Liabilities$888
Net Assets$201,007

Operations Trend

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

$400K$300K$200K$100K$0Expenses 2010: $176,7452010Revenue 2016: $175,091Expenses 2016: $171,251Net Income 2016: $3,8402016Revenue 2017: $207,429Expenses 2017: $192,021Net Income 2017: $15,4082017Revenue 2018: $210,405Expenses 2018: $194,915Net Income 2018: $15,4902018Revenue 2019: $283,131Expenses 2019: $238,406Net Income 2019: $44,7252019Revenue 2020: $323,627Expenses 2020: $247,247Net Income 2020: $76,3802020Revenue 2021: $386,498Expenses 2021: $254,105Net Income 2021: $132,3932021Revenue 2022: $311,441Expenses 2022: $290,437Net Income 2022: $21,0042022Revenue 2023: $312,374Expenses 2023: $301,904Net Income 2023: $10,4702023Revenue 2024: $365,681Expenses 2024: $307,547Net Income 2024: $58,1342024

Highlighted filing

2018

Revenue$210,405
Expenses$194,915
Net Income$15,490
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$216,664
Mission and Program Overview

Mission

Bible Memory seeks to educate young people in the Word of God. This is accomplished through memorizing Bible verses, doing Bible lessons, and attending camp.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$185,517$201,007▲ $15,490
Land, Buildings, and Equipment, Net$145,303$140,708▼ $4,595
Cash and Non-Interest-Bearing Accounts$27,794$40,309▲ $12,515
Inventories for Sale or Use$8,980$14,278▲ $5,298
Accounts Receivable$325--
Total Assets$186,613$201,895▲ $15,282
Other Assets Total$4,211$6,600▲ $2,389
Liabilities
Other Liabilities$796$888▲ $92
Mortgage Notes Payable Secured by Investment Property$300--
Total Liabilities$1,096$888▼ $208
Net Assets / Fund Balance
Total Net Assets Fund Balance$185,517$201,007▲ $15,490
Total Liabilities and Net Assets / Fund Balance$186,613$201,895▲ $15,282

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$82,406$59,461$141,867
Equipment$38,302$56,891$95,193
Land$20,000-$25,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chris HowellExecutive DirectorFT$52,000$52,000

Board Members and Trustees

NameTitle
Steve StichterPresident
Arlen EicherVice President
Becky SiegelBoard Member
Jim MarchandBoard Member
Ken TadeoBoard Member
Sharon ConleyBoard Member
Mary NislySecretary
Aaron MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$90,179
Program Service Revenue
$119,336
Investment Income
$2
Other Revenue
$888
All Other Contributions
$90,179
Change in Net Assets
$15,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,507
Salaries, Compensation, and Employee Benefits$83,208
Grants and Similar Amounts Paid$200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$52,000-$52,000
Other Salaries and Wages-$21,023-$21,023
Office Expenses$12,966--$12,966
Other Employee Benefits-$6,650-$6,650
Depreciation Depletion$5,687--$5,687
Insurance$4,815--$4,815
Payroll Taxes-$3,535-$3,535
Travel$3,366--$3,366
Occupancy$1,249--$1,249
Other Expenses$1,088--$1,088
All Other Expenses$1,017--$1,017
Advertising$930--$930
Conferences and Meetings$915--$915
Grants to Domestic Orgs$200--$200
Total Functional Expenses$111,707$83,208$0$194,915
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$888
Payroll Taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 diligently reviewed by board members and trustees prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members are required to annually disclose any conflicts of interest in writing and affirm that no conflicts of interest exist. Any conflicts of interest must be thoroughly disclosed with accompanying details. Members are also required to disclose interim periods of any new conflicts of interest as soon as practical with written notice to the organization.

Form 990, Part VI, Section B, Line 15A

Compensation is determined by officers and approved by the entire board. These amounts and deliberations by board members are published in the minutes of board meetings.

Form 990, Part VI, Section B, Line 15B

Compensation is determined by officers and approved by the entire board. These amounts and deliberations by board members are published in the minutes of board meetings.

Form 990, Part VI, Section C, Line 19

All governing documents and information are a matter of public record and available to anyone who requests a review at a mutually convenient date and time.

Form 990, Part VIII, Line 6

Rental income and expenses were attributable to an apartment building located on the same premises as the office building for the organization. Although unrelated to the organizations program services, a Form 990-T does not apply because the rental income was derived solely from real property, and the property is owned by the organization free from debt. As such, this income is excluded in the computation of unrelated business income according to the instructions for Form 990 and IRS Publication 598, Chapter 4.

Filing and Contact Details

Filer

Filer Name
Bible Memory Program Inc
EIN
35-6066466
Phone
5745335388
Address
1014 N Greene Road, Goshen, IN 46526

Signing Officer

Name
Steve Stichter
Title
President
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Stichter
Formed
1953
Legal Domicile
In
Voting Board Members
9
Independent Board Members
8
Employees
4
Volunteers
85

Preparer

Firm
Miller Professional Services LLC
Address
830 South Main Street Suite B, Middlebury, IN 46540
Preparer
Aaron Miller
Phone
2604990001
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0185517
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0201007
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt090179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0103297
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt072068
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt058486
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt077060
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0401090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0122
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0115002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt099593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt099526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0105990
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0140006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0560117
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0122
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt05222
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt04533
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt03480
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt01750
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt02481
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt017466
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.98200
IRS990ScheduleA/PublicSupportPY509Pct00.98360
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0961207
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0205181
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0202890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0171594
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0164476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0217066
IRS990ScheduleA/Total509Grp/TotalAmt0961207
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0210405
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0207429
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0175091
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0166268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0219602
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0978795
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt082406
IRS990ScheduleD/BuildingsGrp/DepreciationAmt059461
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0141867
IRS990ScheduleD/EquipmentGrp/BookValueAmt038302
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056891
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt095193
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0140708
IRS990ScheduleD/TotalLiabilityAmt0888
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 diligently reviewed by board members and trustees prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are required to annually disclose any conflicts of interest in writing and affirm that no conflicts of interest exist. Any conflicts of interest must be thoroughly disclosed with accompanying details. Members are also required to disclose interim periods of any new conflicts of interest as soon as practical with written notice to the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation is determined by officers and approved by the entire board. These amounts and deliberations by board members are published in the minutes of board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is determined by officers and approved by the entire board. These amounts and deliberations by board members are published in the minutes of board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All governing documents and information are a matter of public record and available to anyone who requests a review at a mutually convenient date and time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Rental income and expenses were attributable to an apartment building located on the same premises as the office building for the organization. Although unrelated to the organizations program services, a Form 990-T does not apply because the rental income was derived solely from real property, and the property is owned by the organization free from debt. As such, this income is excluded in the computation of unrelated business income according to the instructions for Form 990 and IRS Publication 598, Chapter 4.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VIII, Line 6
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0186613
IRS990/TotalAssetsEOYAmt0201895
IRS990/TotalAssetsGrp/BOYAmt0186613
IRS990/TotalAssetsGrp/EOYAmt0201895
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt090179
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083208
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0111707
IRS990/TotalFunctionalExpensesGrp/TotalAmt0194915
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01096
IRS990/TotalLiabilitiesEOYAmt0888
IRS990/TotalLiabilitiesGrp/BOYAmt01096
IRS990/TotalLiabilitiesGrp/EOYAmt0888
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0185517

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