Civic Intelligence

Clear Bible Inc.

990 • Fiscal year 2018 • EIN 81-2408473

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

2990 Franklin Ave SWGrandville, MI 49418

(616) 456-6464

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

31st percentile

0.03x

Higher debt load relative to revenue than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$116,733

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

99th percentile

666%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

112%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,653,941

Up $1,438,156 (+666%) from 2017

Net Assets

Up

$1,597,480

Up $1,434,217 (+878%) from 2017

Liabilities

Up

$56,461

Up $3,939 (+7.5%) from 2017

Revenue

Up

$1,880,134

Up $992,754 (+112%) from 2017

Expenses

Down

$445,917

Down $767,762 (-63%) from 2017

Net Income

Up

$1,434,217

Up $1,760,516 (+540%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $662,909Liabilities 2016: $173,347Net Assets 2016: $489,5622016Assets 2017: $215,785Liabilities 2017: $52,522Net Assets 2017: $163,2632017Assets 2018: $1,653,941Liabilities 2018: $56,461Net Assets 2018: $1,597,4802018Assets 2019: $2,222,146Liabilities 2019: $73,421Net Assets 2019: $2,148,7252019Assets 2020: $1,273,121Liabilities 2020: $173,912Net Assets 2020: $1,099,2092020Assets 2021: $2,145,245Liabilities 2021: $110,591Net Assets 2021: $2,034,6542021Assets 2022: $3,157,635Liabilities 2022: $25,011Net Assets 2022: $3,132,6242022Assets 2023: $74,719Liabilities 2023: $1,614Net Assets 2023: $73,1052023Assets 2024: $55,372Liabilities 2024: $0Net Assets 2024: $55,3722024

Highlighted filing

2018

Assets$1,653,941
Liabilities$56,461
Net Assets$1,597,480

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2016: $846,329Expenses 2016: $356,767Net Income 2016: $489,5622016Revenue 2017: $887,380Expenses 2017: $1,213,679Net Income 2017: -$326,2992017Revenue 2018: $1,880,134Expenses 2018: $445,917Net Income 2018: $1,434,2172018Revenue 2019: $1,210,083Expenses 2019: $658,838Net Income 2019: $551,2452019Revenue 2020: $252,093Expenses 2020: $1,301,609Net Income 2020: -$1,049,5162020Revenue 2021: $2,394,395Expenses 2021: $1,458,950Net Income 2021: $935,4452021Revenue 2022: $3,926,167Expenses 2022: $2,828,197Net Income 2022: $1,097,9702022Revenue 2023: $78,050Expenses 2023: $3,137,569Net Income 2023: -$3,059,5192023Revenue 2024: $18Expenses 2024: $13,679Net Income 2024: -$13,6612024

Highlighted filing

2018

Revenue$1,880,134
Expenses$445,917
Net Income$1,434,217
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,880,134
Mission and Program Overview

Mission

Global Bible Initiative is a Bible translation organization that leverages innovations in computer science, linguistics and Biblical scholarship to accelerate Bible translation without compromising quality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$1,261,496-
Land, Buildings, and Equipment, Net$211,665$377,248▲ $165,583
Prepaid Expenses and Deferred Charges-$9,533-
Cash and Non-Interest-Bearing Accounts$82$4,664▲ $4,582
Savings and Temporary Cash Investments$4,038$1,000▼ $3,038
Total Assets$215,785$1,653,941▲ $1,438,156
Liabilities
Accounts Payable and Accrued Expenses$52,522$56,461▲ $3,939
Total Liabilities$52,522$56,461▲ $3,939
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$1,200,000-
Unrestricted Net Assets$163,263$397,480▲ $234,217
Total Net Assets Fund Balance$163,263$1,597,480▲ $1,434,217
Total Liabilities and Net Assets / Fund Balance$215,785$1,653,941▲ $1,438,156

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$377,248$24,988$402,236
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John SawyerCEOFT$106,154$10,579$116,733
Andi WuSenior VP of Linguistic ReseaFT$90,462$16,310$106,772
Alex MosoiuCOOPT$49,572-$49,572

Board Members and Trustees

NameTitle
Mike OtisChairman
Craig KlamerVice Chair
Dave SawyerDirector
Shuji KondoMember
Ted KallmanMember
Tom SudykMember
Ken SteensmaSecretary
Jeannette TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,880,129
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
All Other Contributions
$1,880,129
Change in Net Assets
$1,434,217

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,880,134
Revenue Not Reported on Form 990
$40,620
Total Revenue per Audited Statements
$1,920,754
Total Revenue per Form 990
$1,880,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$305,003
Other Expenses$140,914
Total Fundraising Expense$79,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$62,152$79,910$35,515$177,577
Other Salaries and Wages$44,205$56,834$25,260$126,299
Fees for Services Other$57,258$2,500-$59,758
Travel$5,140$4,284$7,711$17,135
Depreciation Depletion$10,709--$10,709
Fees for Services Accounting-$7,075$2,358$9,433
Fees for Services Legal-$8,458-$8,458
Information Technology-$4,649$2,428$7,077
Fees for Services Management$2,824$4,176-$7,000
Office Expenses$786$3,995$1,459$6,240
Conferences and Meetings$637$2,562$1,926$5,125
Occupancy-$3,758-$3,758
Insurance-$3,553-$3,553
Advertising--$2,592$2,592
Other Employee Benefits$395$507$225$1,127
Interest-$76-$76
Total Functional Expenses$184,106$182,337$79,474$445,917

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$486,537
Expenses per Audited Statements$445,917
Total Expenses per Form 990$445,917
Expenses Not Reported on Form 990$40,620
International Activity

International Summary

Employees
2
Spending
$67,095

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram servicesTranslationsoftware--$36,095
East Asia and the PacificProgram servicesTranslationsoftware-2$31,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
under 10000Board MemberStrategic planning policies and proceduresNo-
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 governing body review Part VI line 11

The Form 990 has been reviewed by the treasurer and a copy has been provided to each board member before filing. No formal review has or will take place.

Conflict of interest policy compliance Part VI line 12C

Annually, all officers, trustees and employees of the organization shall complete the annual reporting statement. Anyone with a real or perceived conflict of interest will be excused from any or all portion of discussions, voting or execution of agreements.

Governing documents etc available to public Part VI line 19

The governing documents, conflict of interest policy and financial statements are available upon request of and approval by the board of directors.

Filing and Contact Details

Filer

Filer Name
Global Bible Initiative Inc
EIN
81-2408473
Address
2990 Franklin Ave SW, Grandville, MI 49418

Signing Officer

Name
John Sawyer
Title
CEO
Phone
6163890707
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Sawyer
Formed
2016
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
8

Preparer

Firm
James H Quist CPA PLC
Address
2425 Avon Ave SW, Wyoming, MI 49519
Preparer
James H Quist CPA
Phone
6164435344
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

GBI paid contractors for services in the development of translation software:$47,555 Technology consulting 4,320 Translation services 3,000 Software development 2,500 Financial project consulting 2,383 Marketing consulting

Part XI response or note to any line in Part XI

The organization received a $1.2M contribution pledge in December 2018 that increased the net assets at year end. These funds will come in and be spent in 2019 to enable large advances in programming in that year.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt01127
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt025260
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt056834
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt044205
IRS990/OtherSalariesAndWagesGrp/TotalAmt0126299
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01261496
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09533
IRS990/PrincipalOfficerNm0John Sawyer
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0887053
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0327
IRS990/PYOtherExpensesAmt01046061
IRS990/PYRevenuesLessExpensesAmt0-326299
IRS990/PYSalariesCompEmpBnftPaidAmt0167618
IRS990/PYTotalExpensesAmt01213679
IRS990/PYTotalRevenueAmt0887380
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01434217
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04038
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01000
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01880129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0887053
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0846329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03613511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0327
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0332
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03590788
IRS990ScheduleA/SubstantialContributorsTotAmt022723
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01880129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0887053
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0846329
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03613511
IRS990ScheduleA/TotalSupportAmt03613843
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt040620
IRS990ScheduleD/DonatedServicesUseFcltsAmt040620
IRS990ScheduleD/ExpensesNotReportedAmt040620
IRS990ScheduleD/ExpensesSubtotalAmt0445917
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0377248
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024988
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0402236
IRS990ScheduleD/RevenueNotReportedAmt040620
IRS990ScheduleD/RevenueSubtotalAmt01880134
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0377248
IRS990ScheduleD/TotalExpensesPerForm990Amt0445917
IRS990ScheduleD/TotalRevenuePerForm990Amt01880134
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01920754
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0486537
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt031000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt136095
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Translationsoftware
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Translationsoftware
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalSpentAmt067095
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalSpentAmt067095
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0under 10000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Strategic planning policies and procedures
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 has been reviewed by the treasurer and a copy has been provided to each board member before filing. No formal review has or will take place.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually, all officers, trustees and employees of the organization shall complete the annual reporting statement. Anyone with a real or perceived conflict of interest will be excused from any or all portion of discussions, voting or execution of agreements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, conflict of interest policy and financial statements are available upon request of and approval by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GBI paid contractors for services in the development of translation software:$47,555 Technology consulting 4,320 Translation services 3,000 Software development 2,500 Financial project consulting 2,383 Marketing consulting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization received a $1.2M contribution pledge in December 2018 that increased the net assets at year end. These funds will come in and be spent in 2019 to enable large advances in programming in that year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XI response or note to any line in Part XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01200000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0215785
IRS990/TotalAssetsEOYAmt01653941
IRS990/TotalAssetsGrp/BOYAmt0215785
IRS990/TotalAssetsGrp/EOYAmt01653941
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01880129
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt079474
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0182337
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184106
IRS990/TotalFunctionalExpensesGrp/TotalAmt0445917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052522
IRS990/TotalLiabilitiesEOYAmt056461
IRS990/TotalLiabilitiesGrp/BOYAmt052522
IRS990/TotalLiabilitiesGrp/EOYAmt056461
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0163263
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01597480
IRS990/TotalOtherCompensationAmt026889
IRS990/TotalProgramServiceExpensesAmt0184106
IRS990/TotalReportableCompFromOrgAmt0246188
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01880134
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0215785
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01653941
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt07711
IRS990/TravelGrp/ManagementAndGeneralAmt04284
IRS990/TravelGrp/ProgramServicesAmt05140
IRS990/TravelGrp/TotalAmt017135
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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