Bible Memory Program INC EIN 35-6066466

Bible Memory Program INC FY2023 filing

EIN  35-6066466 Religious organization Goshen, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches young people God's Word through memorization, lessons, and camp.
Leadership
Chris Howell · Executive Director · $64K
Money in and out
$312K revenue, $302K expenses
Bottom line
53% program efficiency

Teaches young people God's Word through memorization, lessons, and camp. For fiscal year 2023 it reported $312K in revenue, $302K in expenses, and $486K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$312K
Pt VIII · Ln 12
Total expenses
$302K
Pt IX · Ln 25
Net assets
$486K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs
Operating runway
14.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$312K
FY20230%
Expenses
$302K
FY2023▲ +4%
Total assets
$489K
FY2023▲ +2%
Total liabilities
$3K
FY2023▲ +31%
Total revenue
$312K
Pt VIII · Ln 12
Total expenses
$302K
Pt IX · Ln 25
Net assets
$486K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$489K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $160K of program spending, described in the organization's own filed words · FY2023.
01

Program services primarily consist of bible camps during the summer months in various states.

$160Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBible Memory Program INC
EINHdr · item D35-6066466
Principal addressHdr · item CGoshen, IN
WebsiteHdr · item Jwww.bmm.life
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFMay 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$64,135Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Chris Howell$64,135$58,000$58,000$60,231

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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Statement of Revenue

Part VIII
Contributions & grants$171K · 55%
Program service revenue$133K · 42%
Investment income$7K · 2%
Other revenue$2K · 1%
Contributions & grants55%$171K
Program service revenue42%$133K
Investment income2%$7K
Other revenue1%$2K
Total revenueLn 12$312K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$160K
Management & general47%$141K
Total functional expensesLn 25$302K

Balance Sheet

Part X · end of year
CashLn 1$356K
Total assetsLn 16$489K
Total liabilitiesLn 26$3K
Total net assetsLn 32$486K
Months of cash on handcomputed14.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $356K · Operating expenses/yr $302K
14.2 months
Where the money goes
Program services
Program services $160K · Total expenses $302K
53%
Management & General
Management & general $141K · Total expenses $302K
47%
Fundraising
Fundraising $0 · Total expenses $302K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $192K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $171K · Total revenue $312K
55%
Government reliance
Government grants — · Total revenue $312K
Earned-income share
Program service revenue $133K · Total revenue $312K
42%
Investment reliance
Investment income $7K · Total revenue $312K
+2%
Program self-sufficiency
Program service revenue $133K · Total expenses $302K
44%
Growth & trend
Revenue growth (YoY)
This year $312K · Prior year $311K
0%
Net-asset trend (YoY)
End of year $486K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $312K · Expenses $302K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $489K
Net-asset ratio
Net assets $486K · Total assets $489K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $489K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Howell · Reported title Executive Director · Highest reported compensation $64K · Total expenses $302K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $141K · Total expenses $302K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Revenue growth 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$366K revenue · ⤓ 990 PDF
FY2023$312K revenue · viewing · ⤓ 990 PDF
FY2022$311K revenue · ⤓ 990 PDF
FY2021$386K revenue · ⤓ 990 PDF
FY2020$324K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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