Bible for Today INC

Tax-deductible

Collingswood, NJ501(c)(3)EIN 22-6080970Revenue $170K in FY2021

On file with the IRSPo Box 361, 08108-0361 · Collingswood, NJTax-exempt since Sep 1966Publicly supported — 509(a)(2)

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Applying The Bible To Today's Needs

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$21K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $11K a year · 5% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$170K
-26% vs prior year
Spent
$167K
To programs
84%
Net assets
$33K
By yearFY2020–FY2021
Revenue
$170K
FY2021▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$230K
FY2021$170K
Expenses
$167K
FY2021▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$167K
Net assets
$33K
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$30K
FY2021$33K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Sep 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $140K Management & general 16% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$10,800Pt VII · Sec A
Secretary
$10,400Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2021FY2020
Daniel Waite$10,400$19,500
D A Waite$10,800—
D A Waite Director—$10,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people understand and use Bible teachings for modern challenges.

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Provided by the organization

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3 programs · $89K · in their own filed words · FY2021
01

Conducting Biblical studies seminars and church services. Each year the BFT conducts hundreds of hours of Biblical studies seminars and sermons in dozens of US states and several countries.

$47Kprogram expense
02

Contributing to the support of missionaries and other Christian workers. Each year the BFT gives a portion of its total gifts to help missionaries and other Christian workers. Australia South Korea and England have been the focus of of most of these gifts. The BFT also sends Defined King James Bibles to prisoners who request them.

$28Kprogram expense
03

Answering Biblically related questions by phone email or letter. Each year the BFT receives thousands of calls emails and letters asking for Biblical answers to today's questions.

$14Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$170K
Ln 12
Fees for servicesLn 2g$89K
Gifts and grantsLn 1h$82K
Money outPt IX
$167K
Ln 25
Programscol B$140K
Managementcol C$28K
Owns and owesPt X
$33K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$33K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$89K
Gains on assetsLn 7$0
Total revenueLn 12$170K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$0
Cash and savings togetherLn 1–2$33K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$33K
LiabilitiesLn 26$0
Net assetsLn 32$33K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$30K$33K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$30K$33K
LiabilitiesLn 26$0$0
Net assetsLn 32$30K$33K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$21K$0$21K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$3K$3K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$34K$34K$0$0
Payroll taxesLn 10$223$0$223$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$1K$0$1K$0
Office expensesLn 13$4K$2K$2K$0
Information technologyLn 14$3K$3K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$7K$3K$3K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$94K$94K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$167K$140K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $170K$167K$3K$33K 990 PDF
FY2020 $230K$212K$19K$30K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $170,254 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $118,099$81,752
I-9 Program service revenuePrior year $112,250$88,502
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $230,349$170,254
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,625$58,427
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $136,201$108,937
I-18 Total expensesPrior year $211,826$167,364
I-19 Revenue less expensesPrior year $18,523$2,890
Part VI · Governance 0 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $170,254 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$81,752
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$81,752
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$88,502
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$170,254
Part IX · Statement of functional expenses $167,364 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $21,200 · Fundraising $0$21,200
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $2,604 · Management $0 · Fundraising $0$2,604
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $34,400 · Management $0 · Fundraising $0$34,400
IX-10 Payroll taxesPrograms $0 · Management $223 · Fundraising $0$223
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $1,038 · Fundraising $0$1,038
IX-13 Office expensesPrograms $1,753 · Management $1,753 · Fundraising $0$3,506
IX-14 Information technologyPrograms $3,330 · Management $0 · Fundraising $0$3,330
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $3,329 · Management $3,329 · Fundraising $0$6,658
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $94,405 · Management $0 · Fundraising $0$94,405
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $139,821 · Management $27,543 · Fundraising $0$167,364
Part X · Balance sheet $32,946 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $21,841$32,946
X-2 Savings and temporary cash investmentsStart of year $8,215$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $30,056$32,946
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $30,056$32,946
X-33 Total liabilities and net assetsStart of year $30,056$32,946
Part XI · Reconciliation of net assets $32,946 net assets at year end
XI-1 Total revenue$170,254
XI-2 Total expenses$167,364
XI-3 Revenue less expenses$2,890
XI-4 Net assets at start of year$30,056
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$32,946

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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