Civic Intelligence

Ibc Bonaire Inc.

990EZ • Fiscal year 2020 • EIN 81-1083736

Jan 01, 2020 to Dec 31, 2020 • Filed on May 07, 2021

708 Helmsdale Pl NBrentwood, TN 37027

(615) 649-4452

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.79x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

0.79x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

64th percentile

15%

Higher net margin than 64% 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

53rd percentile

5.9%

Faster asset growth than 53% of similar nonprofits.

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

Revenue Growth

67th percentile

2.8%

Faster revenue growth than 67% of similar nonprofits.

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

Assets

Up

$81,729

Up $4,584 (+5.9%) from 2019

Net Assets

$16,938

No earlier filing loaded for comparison.

Liabilities

Down

$64,791

Down $8,041 (-11%) from 2019

Revenue

Up

$81,759

Up $2,240 (+2.8%) from 2019

Expenses

Down

$69,134

Down $7,293 (-9.5%) from 2019

Net Income

Up

$12,625

Up $9,533 (+308%) from 2019

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2019: $77,145Liabilities 2019: $72,8322019Assets 2020: $81,729Liabilities 2020: $64,791Net Assets 2020: $16,9382020Assets 2021: $55,836Liabilities 2021: $34,349Net Assets 2021: $21,4872021Assets 2022: $32,650Liabilities 2022: $5,289Net Assets 2022: $27,3612022Assets 2023: $59,861Liabilities 2023: $30,979Net Assets 2023: $28,8822023Assets 2024: $66,545Liabilities 2024: $34,819Net Assets 2024: $31,7262024

Highlighted filing

2020

Assets$81,729
Liabilities$64,791
Net Assets$16,938

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2019: $79,519Expenses 2019: $76,427Net Income 2019: $3,0922019Revenue 2020: $81,759Expenses 2020: $69,134Net Income 2020: $12,6252020Revenue 2021: $55,403Expenses 2021: $50,854Net Income 2021: $4,5492021Revenue 2022: $52,618Expenses 2022: $46,744Net Income 2022: $5,8742022Revenue 2023: $58,556Expenses 2023: $57,035Net Income 2023: $1,5212023Revenue 2024: $157,027Expenses 2024: $154,183Net Income 2024: $2,8442024

Highlighted filing

2020

Revenue$81,759
Expenses$69,134
Net Income$12,625
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.0
Gross Receipts
$81,759
Mission and Program Overview

Mission

Religious

Program Services

DescriptionGrantsExpenses
Church Building Project. We contributed to the ongoing construction of a church educational building in Bonaire.$37,276$37,276
Missionary Support. We raised and provided financial support to a church of 40 members on the island of Bonaire so that they could employ a full time pastor. The church has a congregation of approximately 100 and serves in a community of approximately 21,000$15,840$15,840
Church Planting Project. We contributed general financial support toward the establishment and operation of a church in Bonaire, an island community of about 21,000 people. We also assisted in implementing live streaming services during the Covid-19 pandemic.$15,031$15,031
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas SearlePresidentPT$0--
Sheldon SearleTreasurer-$0--
Jonathan KeverSecretary-$0--
Robert LassiterDirector-$0--
Lawrence StackDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ibc Bonaire Inc
EIN
81-1083736
Phone
6156494452
Address
708 Helmsdale Pl N, Brentwood, TN 37027

Signing Officer

Name
Douglas Searle
Title
President
Phone
6156494452
Signed
2021-05-07
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

All grants were made to International Bible Church of Bonaire, a Christian church operating in the Caribbean Netherlands. Grants were mad for three purposes as described in Part III: for the support of the salary of the church's pastor ($15,840), for the support of the construction of an education building ($37,276), and for the support of the general fund of the church ($15,031).

Form 990-EZ, Part I, Line 16

Other expenses were: Bank fees of $771 and Accounting Software fees of $216

Form 990-EZ, Part II, Line 26

IBC Bonaire Inc. records a liability when grants have been made and cash has not yet been transferred to the grantee. This also facilitates transactions in the United States which we make on behalf of the grantee. These liabilities are called Deposits on our books, and as of now, all such deposits are held on behalf of International Bible Church of Bonaire, Kaya Papago 104, Kralendijk, Bonaire, CN.

Raw XML Appendix204 raw XML fields

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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IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Missionary Support. We raised and provided financial support to a church of 40 members on the island of Bonaire so that they could employ a full time pastor. The church has a congregation of approximately 100 and serves in a community of approximately 21,000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All grants were made to International Bible Church of Bonaire, a Christian church operating in the Caribbean Netherlands. Grants were mad for three purposes as described in Part III: for the support of the salary of the church's pastor ($15,840), for the support of the construction of an education building ($37,276), and for the support of the general fund of the church ($15,031).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other expenses were: Bank fees of $771 and Accounting Software fees of $216
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IBC Bonaire Inc. records a liability when grants have been made and cash has not yet been transferred to the grantee. This also facilitates transactions in the United States which we make on behalf of the grantee. These liabilities are called Deposits on our books, and as of now, all such deposits are held on behalf of International Bible Church of Bonaire, Kaya Papago 104, Kralendijk, Bonaire, CN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Douglas Searle
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06156494452
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IBC BONAIRE INC
ReturnHeader/Filer/BusinessNameControlTxt0IBCB
ReturnHeader/Filer/EIN0811083736
ReturnHeader/Filer/PhoneNum06156494452
ReturnHeader/Filer/USAddress/AddressLine1Txt0708 Helmsdale Pl N
ReturnHeader/Filer/USAddress/CityNm0Brentwood
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037027
ReturnHeader/ReturnTs02021-05-07T15:40:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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