Civic Intelligence

Biblica Inc.

990 • Fiscal year 2015 • EIN 84-1194554

Oct 01, 2014 to Sep 30, 2015 • Filed on Apr 21, 2016

1820 Jet Stream DriveColorado Springs, CO 80921

(719) 867-2688

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.52x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

60th percentile

0.37x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

20th percentile

-5.3%

Higher net margin than 20% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$278,411

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

2nd percentile

-26%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

26th percentile

-5.3%

Faster revenue growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$12,043,378

Down $4,289,895 (-26%) from 2014

Net Assets

Up

$5,788,995

Up $337,531 (+6.2%) from 2014

Liabilities

Down

$6,254,383

Down $4,627,426 (-43%) from 2014

Revenue

Down

$16,684,233

Down $924,554 (-5.3%) from 2014

Expenses

Up

$17,568,305

Up $317,565 (+1.8%) from 2014

Net Income

Down

-$884,072

Down $1,242,119 (-347%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $36,808,885Liabilities 2011: $27,216,436Net Assets 2011: $9,592,4492011Assets 2012: $34,934,004Liabilities 2012: $24,853,608Net Assets 2012: $10,080,3962012Assets 2013: $16,501,603Liabilities 2013: $11,411,263Net Assets 2013: $5,090,3402013Assets 2014: $16,333,273Liabilities 2014: $10,881,809Net Assets 2014: $5,451,4642014Assets 2015: $12,043,378Liabilities 2015: $6,254,383Net Assets 2015: $5,788,9952015Assets 2016: $10,772,068Liabilities 2016: $4,936,147Net Assets 2016: $5,835,9212016Assets 2017: $9,146,774Liabilities 2017: $4,134,074Net Assets 2017: $5,012,7002017Assets 2018: $9,922,987Liabilities 2018: $3,625,928Net Assets 2018: $6,297,0592018Assets 2019: $11,084,809Liabilities 2019: $4,088,554Net Assets 2019: $6,996,2552019Assets 2020: $10,429,649Liabilities 2020: $4,172,644Net Assets 2020: $6,257,0052020Assets 2021: $12,948,977Liabilities 2021: $3,251,433Net Assets 2021: $9,697,5442021

Highlighted filing

2015

Assets$12,043,378
Liabilities$6,254,383
Net Assets$5,788,995

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $26,481,3462011Revenue 2012: $26,224,262Expenses 2012: $25,736,319Net Income 2012: $487,9432012Expenses 2013: $18,235,4862013Revenue 2014: $17,608,787Expenses 2014: $17,250,740Net Income 2014: $358,0472014Revenue 2015: $16,684,233Expenses 2015: $17,568,305Net Income 2015: -$884,0722015Revenue 2016: $14,852,806Expenses 2016: $14,805,880Net Income 2016: $46,9262016Revenue 2017: $13,786,868Expenses 2017: $14,610,089Net Income 2017: -$823,2212017Revenue 2018: $13,536,591Expenses 2018: $12,252,232Net Income 2018: $1,284,3592018Revenue 2019: $15,366,620Expenses 2019: $14,667,424Net Income 2019: $699,1962019Revenue 2020: $15,785,516Expenses 2020: $16,524,766Net Income 2020: -$739,2502020Revenue 2021: $27,586,140Expenses 2021: $24,145,601Net Income 2021: $3,440,5392021

Highlighted filing

2015

Revenue$16,684,233
Expenses$17,568,305
Net Income-$884,072
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 21, 2016
Return Version
2014v6.0
Gross Receipts
$18,219,488
Mission and Program Overview

Mission

Biblica, The International Bible Society, exists to provide the Bible in accurate, contemporary translations and formats so that more people around the world will have the opportunity to be transformed by Jesus Christ.

Biblica, The International Bible Society, exists to bring God's Word to people in a way they understand, so they are transformed by Jesus Christ and inspired to join His mission for the world. We do this through Bible translation and publishing, Scripture access, and Bible engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,268,810$3,949,210▼ $319,600
Savings and Temporary Cash Investments$3,502,136$3,690,350▲ $188,214
Prepaid Expenses and Deferred Charges$1,660,802$2,008,948▲ $348,146
Cash and Non-Interest-Bearing Accounts$1,479,721$1,078,057▼ $401,664
Accounts Receivable$1,995,219$682,039▼ $1,313,180
Inventories for Sale or Use$855,819$369,413▼ $486,406
Investments in Publicly Traded Securities$121,816$179,394▲ $57,578
Pledges and Grants Receivable$153,500$0▼ $153,500
Other Notes and Loans Receivable, Net$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
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,075,049$12,043,378▼ $2,031,671
Other Assets Total$37,226$85,967▲ $48,741
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,984,405$3,853,762▼ $130,643
Deferred Revenue$1,682,820$1,188,969▼ $493,851
Accounts Payable and Accrued Expenses$2,359,819$1,076,082▼ $1,283,737
Other Liabilities$121,816$135,570▲ $13,754
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,148,860$6,254,383▼ $1,894,477
Net Assets / Fund Balance
Unrestricted Net Assets$4,392,002$3,629,678▼ $762,324
Temporarily Rstr Net Assets$1,534,187$2,159,317▲ $625,130
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$5,926,189$5,788,995▼ $137,194
Total Liabilities and Net Assets / Fund Balance$14,075,049$12,043,378▼ $2,031,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,744,521$2,216,717$3,961,238
Equipment$340,508$2,300,062$2,640,570
Land$1,864,181-$775,281
Other Land Buildings$0$24,581$24,581
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug LockhartBiblica CEO (Until October 14, 2014)FT$177,710$100,701$278,411
Scott BolinderEx VP Global Bible ContentFT$153,201$40,059$193,260
Robert DinolfoCFO, TreasurerFT$134,461$28,809$163,270
Esteban FernandezArea Exec Director- Latin AmericaFT$128,424$29,003$157,427
Richard LohArea Exec Director- East Asia PacificFT$82,129$53,471$135,600
Ken NorwoodVP PhilanthropyFT$107,646$23,948$131,594
Jonathan CallSecretaryPT$73,298$17,450$90,748
Carl MoellerBiblica CEO (Effective October 14, 2014)FT$36,135$27,848$63,983

Board Members and Trustees

NameTitle
Robert GluskinChairman
Roger QuyVice Chair
Alem BazezewDirector
Andy GoodwinDirector
Bill ScottDirector
Bruce McKenzieDirector
Gene DewhurstDirector
Hank SmithDirector
Jim BridgesDirector
Joseph D'SouzaDirector
Mike Richard SrDirector
Pablo DeirosDirector
Ramses KhalilDirector
Steve ManzDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Send the Light Distribution LLCDistribution212 Industrial Dr, Bristol, TN 37620$600,000
-Web Development8447 Wilshire Blvd Suite 102, Beverly Hills, CA 90211$161,117
Crosslink Group LLCLegalP O Box 503089, St Louis, MO 63150$137,260
Net Relations IncIT Services12536 Highland Oaks Place, Colorado Springs, CO 80921$126,285
Revenue and Support

Revenue Composition

Contributions and Grants
$10,326,980
Program Service Revenue
$5,701,407
Investment Income
$4,410
Other Revenue
$651,436
All Other Contributions
$9,668,975
Change in Net Assets
$-884,072

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$26,158Fair Market Value (FMV)
Total Noncash Contributions4$26,158-

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,684,233
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$98,969
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$16,783,202
Total Revenue per Form 990
$16,684,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,772,652
Other Expenses$5,401,188
Salaries, Compensation, and Employee Benefits$5,181,041
Total Fundraising Expense$658,440
Professional Fundraising Fees$213,424

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,686,635--$3,686,635
Other Salaries and Wages$2,375,535$804,932$121,320$3,301,787
Foreign Grants$3,086,017--$3,086,017
Fees for Services Other$2,254,697$74,634$0$2,329,331
Current Officers, Directors, Trustees, and Key Employees$581,619$197,077$29,704$808,400
Travel$695,982$65,572$36,031$797,585
Other Employee Benefits$567,256$198,397$29,902$795,555
Occupancy$395,037$118,857$11,448$525,342
Depreciation Depletion$484,176$23,148$6,559$513,883
Advertising$281,758$4,063$196,760$482,581
Payroll Taxes$166,366$56,372$8,496$231,234
Fees for Services Professional Fundraising--$213,424$213,424
Office Expenses$63,755$48,072$4,498$116,325
Interest$66,624$34,579$2,845$104,048
Other Expenses$35,190$55,453$-5,673$84,970
Fees for Services Legal$0$68,671$0$68,671
Fees for Services Accounting$0$49,175$0$49,175
Pension Plan Contributions$31,704$10,742$1,619$44,065
Total Functional Expenses$27,863$0$24,566$52,429

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$17,568,305
Total Expenses per Audited Statements$16,359,225
Expenses per Audited Statements$16,159,887
Expenses Not Reported on Financial Statements$1,408,418
Other Expense Adjustments$1,408,418
Expenses Not Reported on Form 990$199,338
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Biblica Ministries FoundationColorado Springs, CO501c3Bible Program$3,347,235
Chase Oaks ChurchPlano, TX501(c)3Bible Programs-
Group CaresFrederick, CO501(c)3Bible Program-
Parkcrest Christian ChurchLong Beach, CA501(c)3Bible Programs-
Rockford First ChurchRockford, IL-Bible Ministry-
The Brooklyn TabernacleBrooklyn, NY501(c)3Bible Programs-
US Government Department of DefenseWashington, DC501(c)3Bible Programs$0
Willow Creek Community ChurchBarrington, IL501(c)3Bible Programs-

International Summary

Offices
1
Employees
4
Spending
$3,230,862

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram ServicesBible Programs01$1,422,169
Europe (including Iceland and Greenland)Program ServicesBible Programs01$591,580
Sub-Saharan AfricaProgram ServicesBible Programs11$545,881
East Asia and the PacificProgram ServicesBible Programs01$323,980
South AmericaProgram ServicesBible Program00$170,224
East Asia and the PacificProgram ServicesTravel00$41,647
Sub-Saharan AfricaProgram ServicesTravel00$33,653
South AmericaProgram ServicesTravel00$27,964
South AsiaProgram ServicesBible Programs00$13,733
Europe (including Iceland and Greenland)Program ServicesTravel00$12,547
South AsiaProgram ServicesTravel00$10,079
Central America and the CaribbeanProgram ServicesBible Program00$9,450
North America (including Canada and Mexico, but not the United States)Program ServicesTravel00$9,156
North America (including Canada and Mexico, but not the United States)Program ServicesBible Programs00$9,000
Central America and the CaribbeanProgram ServicesTravel00$7,265
Middle East and North AfricaProgram ServicesTravel00$2,534
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$213,424
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$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
-Former Key EmployeeBuy out of LT Fulfillment Services ContractNo$1,268,000
-Former Key EmployeeProduct SalesNo$960,114
-Former Key EmployeeFulfillment ServicesNo$285,000

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
Deferred Compensation (Sec 457)$135,570
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

On October 1, 2014, as part of the related party merger previously described, the Organization adopted new articles of incorporation and bylaws. Previously, Biblica US, Inc. was a subsidiary to Biblica Inc., with a Board of 5 members. Following the related party merger and the adoption of new Articles of Incorporation and Bylaws, the (Surviving) Organization became the Parent Organization over previous brother-sister related organizations. The Board of the former Biblica Inc. entity was appointed as the Board of the Organization, consisting of 14 Board members.

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

The Form 990 is reviewed and approved by a committee of the Board with copies provided to the entire Board of Directors in advance of filling.

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

The organization's directors and officers are required to review the conflict of interest policy and sign a statement indicating that either there are no known conflicts of interest, or disclosing known conflicts of interest. Any financial transaction with a related party or involving any officer or director with a conflict of interest requires competitive bids, where possible, and approval with full disclosure of the conflict, by the Board of Directors. Directors and/ or Officers with any conflict of interest are precluded from participating in any voting or approving on matters where a conflict exists.

Form 990, Part VI, Section B, Line 15

The compensation of the Organization's CEO is established by the Board of Directors with consideration given to compensation provided to CEOs of other organizations of like kind and size. The salary and benefits of the CEO are viewed by the Organization's Board of Directors annually and are documented in the minutes of the Board session. Part VI, Line 15b: Compensation of the Organization's other officers, key employees and highly compensated employees are established by the CEO, after considering comparable compensation for similar positions with similar organizations and experience. Annually, the compensation and benefits of these other officers, key employees and highly compensated employees are also reviewed by the Organization's Board Chair.

Form 990, Part VI, Section C, Line 19

The Organization's Form 990 and audited financial statements are made available in the following ways: (1) Accessing them directly on www.Biblica.com. (2) requesting copies in writing addressed to Biblica Inc, 1820 Jet Stream Drive, Colorado Springs, CO 80921, or (3) in person, available for public inspection at our corporate office: 1820 Jet Stream Drive, Colorado Springs, CO 80921, M-F from 8:00am to 4:30pm. In addition, the Organization's other governing documents, including Form 1023, Application for Recognition of Exemption, and the Organization's Conflict of interest Policy, are available for public inspection at our corporate office of upon request.

Form 990, Part VII, Section A, Line 1A

Biblica Inc. serves as the common paymaster for Biblica Inc., and also for all of the US citizens or US resident employees of the following related Biblica entities: Biblica Ministries Foundation (84-1190575), Biblica Latin America (84-1262408 - through Oct 1, 2014), Biblica East Asia Pacific (84-1276362 - through October 1, 2014), and Biblica Inc (20-8532152 - through October 1, 2014). Compensation and benefits paid by Biblica Inc on behalf of these Biblica related organizations, although reported on Form W-2 by Biblica Inc as the common paymaster, are reimbursed by the Biblica related organizations receiving the benefits of these employees' services

Filing and Contact Details

Filer

Filer Name
Biblica Inc
EIN
84-1194554
Phone
7198672688
Address
1820 Jet Stream Drive, Colorado Springs, CO 80921

Signing Officer

Name
Robert Dinolfo
Title
Chief Financial Officer
Phone
7198672688
Signed
2016-04-21

Organization Details

Principal Officer
Dr Carl Moeller
Formed
1992
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
13
Employees
107
Volunteers
14
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Effective October 1, 2014, Biblica Inc. (20-5321525), Biblica Latin America (84-1262408), and Biblica East Asia Pacific (84-1276363) were merged into Biblica US, Inc. (84-1194554), with Biblica US, Inc. (84-1194554) as the surviving Organization. The Bible ministry programs and other support functions previously carried out by the former Biblica Inc., Biblica Latin America, and Biblica East Asia Pacific entities are now carried out by the surviving Biblica US, Inc. Organization. Also on October 1, 2014, Biblica US, Inc. changed its name to Biblica Inc. and adopted new articles of incorporation and bylaws.

Form 990, Part IX, Line 11G

Payments to STLD LLC for Distribution and Fulfillment Services $285,000;Payment to STLD LLC to buy out long-term fulfillment services contract $1,268,000; IT Services $140,999; Digital IT Services $166,567; All other professional fees and contract services $468,765.

Form 990, Part XI, Line 9

At October 1, 2014, as a result of the related parties merger of Biblica entities, Net Asset of $197,093 from Biblica Latin America and $654,868 from Biblica East Asia Pacific were transferred into Biblica Inc as the surviving entity. Biblica East Asia Pacific and Biblica Latin America were legally dissolved. Foreign currency (loss) of ($39,730). SWAP market adjustment of ($9,256). Rounding $3

Financial Statement Notes

Schedule D, Part XI, Line 2D

Rental Expenses:$199,338. Foreign currency (loss) ($39,730). SWAP market rate adjustment ($9,256). Tax/Audit timing difference on 9-30-14 sale of Biblica Direct to Zondervan/ HCCP $4,717.

Schedule D, Part XII, Line 2D

Reclass Rental Expenses to Statement of Revenue: $199,338.

Schedule D, Part XII, Line 4B

Tax and audit timing differences resulting from 9-30-14 sale of Biblica Direct to Zondervan/ HCCP: STLD fulfillment services contract buy out $1,268,000; Other accrued expenses $140,418.

Raw XML AppendixShowing 400 of 1,393 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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IRS990/Desc0Bible Translation and Publishing: Biblica translates the full Bible with an easily read and understood approach. Our focus is on the major spoken languages of the globe, exposing the vast majority of the world to the Good News. We publish each new translation in print, digital, and audio form. Biblica has translated the Bible into over 70 languages word-wide and is currently working on 34 translation projects. During the year ended September 30, 2015, Biblica completed 8 Bible translations to help more than one billion people understand and engage with God's Word.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Biblica CEO (Effective October 14, 2014)
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