Civic Intelligence

Bible Study Media Inc.

990 • Fiscal year 2020 • EIN 47-0994738

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

22 Windsor CourtHouston, TX 77055

(321) 689-7401

Siviq Scores

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

Liabilities / Assets

90th percentile

0.60x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

0.92x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

7th percentile

-127%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

17th percentile

-25%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-66%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$206,591

Down $67,634 (-25%) from 2019

Net Assets

Down

$81,951

Down $172,237 (-68%) from 2019

Liabilities

Up

$124,640

Up $104,603 (+522%) from 2019

Revenue

Down

$136,087

Down $270,051 (-66%) from 2019

Expenses

Up

$308,322

Up $101,838 (+49%) from 2019

Net Income

Down

-$172,235

Down $371,889 (-186%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $62,856Liabilities 2017: $21,8152017Assets 2018: $73,444Liabilities 2018: $18,9752018Assets 2019: $274,225Liabilities 2019: $20,037Net Assets 2019: $254,1882019Assets 2020: $206,591Liabilities 2020: $124,640Net Assets 2020: $81,9512020Assets 2021: $267,746Liabilities 2021: $118,898Net Assets 2021: $148,8482021Assets 2022: $182,518Liabilities 2022: $66,337Net Assets 2022: $116,1812022Assets 2023: $142,580Liabilities 2023: $60,244Net Assets 2023: $82,3362023Assets 2024: $108,259Liabilities 2024: $12,469Net Assets 2024: $95,7902024

Highlighted filing

2020

Assets$206,591
Liabilities$124,640
Net Assets$81,951

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $110,744Expenses 2017: $96,399Net Income 2017: $14,3452017Revenue 2018: $154,112Expenses 2018: $140,679Net Income 2018: $13,4332018Revenue 2019: $406,138Expenses 2019: $206,484Net Income 2019: $199,6542019Revenue 2020: $136,087Expenses 2020: $308,322Net Income 2020: -$172,2352020Revenue 2021: $344,937Expenses 2021: $277,742Net Income 2021: $67,1952021Revenue 2022: $182,885Expenses 2022: $215,552Net Income 2022: -$32,6672022Revenue 2023: $83,826Expenses 2023: $108,166Net Income 2023: -$24,3402023Revenue 2024: $65,935Expenses 2024: $52,480Net Income 2024: $13,4552024

Highlighted filing

2020

Revenue$136,087
Expenses$308,322
Net Income-$172,235
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$136,087
Mission and Program Overview

Mission

The mission of Bible Study Media, Inc. is to foster a biblically-literate church worldwide through the production of engaging, faithful, and applicable Christian teaching resources for the Church and individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$188,639$120,951▼ $67,688
Rtn Earn Endowment Incm Other Fnds$254,186$81,951▼ $172,235
Inventories for Sale or Use$56,228$58,161▲ $1,933
Cash and Non-Interest-Bearing Accounts$28,676$21,434▼ $7,242
Accounts Receivable$586$6,000▲ $5,414
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$274,149$206,591▼ $67,558
Other Assets Total$20$45▲ $25
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$104,400▲ $104,400
Accounts Payable and Accrued Expenses$12,833$13,113▲ $280
Other Liabilities$7,130$7,127▼ $3
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$19,963$124,640▲ $104,677
Net Assets / Fund Balance
Total Net Assets Fund Balance$254,186$81,951▼ $172,235
Total Liabilities and Net Assets / Fund Balance$274,149$206,591▼ $67,558
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charlie HoltPresident
Sam DunawayVice President
Mark StameyBoard Member
Mary JohnstonBoard Member
Temple WebberBoard Member
Todd WilsonBoard Member
Walter BeringBoard Member
Allison BereswillSecretary
Doug McMurreyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,276
Program Service Revenue
$43,460
Investment Income
$21
Other Revenue
$6,330
All Other Contributions
$86,276
Change in Net Assets
$-172,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,383
Grants and Similar Amounts Paid$8,939
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$218,209$0$0$218,209
Advertising$49,473$0$0$49,473
Information Technology$21,349$0$0$21,349
Grants to Domestic Individuals$7,056--$7,056
Office Expenses$3,073$0$0$3,073
Travel$2,759$0$0$2,759
Occupancy$2,230$0$0$2,230
Grants to Domestic Orgs$1,883--$1,883
Royalties$1,470$0$0$1,470
Insurance$820$0$0$820
Total Functional Expenses$308,322$0$0$308,322
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$7,050
Texas Department of Revenue Payable$97
Georgia Department of Revenue Payable$9
Florida Department of Revenue Payable$-29
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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

Governance Explanations

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

The Form 990 was prepared by Allison Bereswill, CPA, the Secretary and a volunteer of the organization. After the Form 990 was prepared and reviewed, the Form 990 was run through a filing verification quality review check process using an approved IRS e-file Provider, Form 990 Online. The Form 990 was reviewed and signed by Doug McMurrey, the Treasurer and a volunteer of the organization. The Form 990 was shared with the Board of Directors prior to filing.

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

The organization has a written conflict of interest policy and regularly reviews the policy and determined there were no known conflicts of interest or violations to the policy in 2020.

Form 990, Part VI, Section B, Line 15

The organization has no employees. The organization's Executive Director is a contractor. When the contractor was approved by the Board of Directors, the Board met to review the candidate's resume and qualifications and objectively reviewed and determined the amount of contractor pay based on the candidate's qualifications, experience, and pay rates in the market. The same objective review process is in place and used for all contractors of the organization.

Form 990, Part VI, Section C, Line 19

The organization will make its governing documents, conflict of interest policy, and financial statements available to the public upon request. There were no known requests made in 2020.

Filing and Contact Details

Filer

Filer Name
Bible Study Media Inc
EIN
47-0994738
Phone
3216897401
Address
22 Windsor Court, Houston, TX 77055

Signing Officer

Name
Doug McMurrey
Title
Treasurer
Phone
7132538760
Signed
2021-11-10

Organization Details

Principal Officer
Temple Webber
Formed
2014
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
20
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Amount of 2020 all Other expenses ($218,209) includes Cost of Goods Sold ($8,359), Production contractor personnel ($119,144), Ministry contractor personnel ($47,685), Administrative contractor personnel ($39,443), Production project costs ($2,496), Bank charges ($556), and Other Miscellaneous expense ($526).

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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/Desc0Living Hope: This educational resource is a six-week Bible study that consists of daily devotionals combined with weekly video teachings and a small group study guide for the book of 1 Peter. As of 2020, over 400 print copies and 375 online courses were purchased for participants from church congregations across the country.
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