Bible Broadcasting Network Incorporated FY2021 filing

Tax-deductible

Charlotte, NC501(c)(3)Since 1969ReligionEIN 54-0888863Revenue $19.5M in FY2021

On file with the IRSbbnradio.org11115 Rushmore Dr, 28277-3442 · Charlotte, NCTax-exempt since Jul 1971Publicly supported charity — 170(b)(1)(A)(vi)

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Our purpose is to get God's Word into the hearts and minds of people using the the tools of radio and the internet, enabling us to teach people 24 hours a day.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$265K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $6.8M a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$265K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
40 mo
of spending, in cash
Looks good: 39.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $236K
Looks good: 18 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.5M
+20% vs prior year
Spent
$11.6M
To programs
79%
Net assets
$91.5M
By yearFY2020–FY2024
Revenue
$19.5M
FY2021▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.2M
FY2021$19.5M
FY2022$20.0M
FY2023$19.7M
FY2024$20.0M
Expenses
$11.6M
FY2021▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.5M
FY2021$11.6M
FY2022$12.1M
FY2023$12.4M
FY2024$13.7M
Net assets
$91.5M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$83.5M
FY2021$91.5M
FY2022$97.9M
FY2023$105.6M
FY2024$112.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1971.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $9.2M Management & general 14% · $1.7M Fundraising 6% · $727K

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

6 people listed on the 990; $265K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$106,944Pt VII · Sec A
Secretary-Treasurer
$98,752Pt VII · Sec A
$54,912Pt VII · Sec A
Vice President
$3,975Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carl Redemann’s $138K as Executive Director is at the 22nd percentile of top reported officer pay among 224 $10–100M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carl Redemann$137,878$126,936$116,754$106,944$110,562
Jason Padgett$126,165$115,221$106,093$98,752$101,825
Scott Curtis$112,626$103,502———
Henry Crull$112,487$102,535———
Newton Robertson$107,299————
Michael a Dize$102,945————
Jeffrey Blodgett$90,881$80,310———
Barbara Redemann$70,178$64,610$60,963$54,912$57,152

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

Spreading God's Word 24/7 through radio and online teaching.

Provided by the organization

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1 program · $9.2M · in their own filed words · FY2021
01

Dissemenation of religious and educational information by means of: 1) radio broadcasting in three languages 2) internet audio streaming in eight languages 3) literature distribution 4) free online bible institute in eight languages.

$9.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 18 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$19.5M
Ln 12
Gifts and grantsLn 1h$18.6M
Investment incomeLn 3$471K
Other incomeLn 4–11$368K
Money outPt IX
$11.6M
Ln 25
Programscol B$9.2M
Managementcol C$1.7M
Fundraisingcol D$727K
Owns and owesPt X
$91.5M
net assets · Ln 32
Cash and savingsLn 1–2$38.3M
Total assetsLn 16$94.6M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A4
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.6M
Government grantsLn 1e$0
Noncash giftsLn 1g$283K
Fundraising eventsLn 1c$0
Investment incomeLn 3$471K
Other incomeLn 4–11$368K
Gains on assetsLn 7$5K
Total revenueLn 12$19.5M
Assets in detailPt X, end of year
CashLn 1$18.9M
SavingsLn 2$19.4M
Cash and savings togetherLn 1–2$38.3M
InvestmentsLn 11–13$9.0M
Land, buildings, equipmentLn 10c$5.9M
Other assetsLn 15$0
Total assetsLn 16$94.6M
LiabilitiesLn 26$3.1M
Net assetsLn 32$91.5M
OperationsPt I, VI
EmployeesI 588
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$32.8M$38.3M
InvestmentsLn 11–13$8.2M$9.0M
Land, buildings, equipmentLn 10c$6.0M$5.9M
Total assetsLn 16$86.9M$94.6M
LiabilitiesLn 26$3.4M$3.1M
Net assetsLn 32$83.5M$91.5M
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$330K$117K$141K$71K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$4.4M$3.4M$763K$193K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$1.4M$1.1M$271K$71K
Payroll taxesLn 10$346K$263K$66K$17K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$108K$108K$0$0
Accounting feesLn 11c$45K$0$45K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$121K$0$121K$0
Other fees for servicesLn 11g$539K$539K$265$0
Advertising and promotionLn 12$159K$82K$9K$68K
Office expensesLn 13$512K$178K$95K$239K
Information technologyLn 14$133K$99K$7K$26K
RoyaltiesLn 15$220K$217K$3K$470
OccupancyLn 16$2.0M$2.0M$55K$0
TravelLn 17$143K$100K$29K$14K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$49K$47K$2K$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$44K$44K$0$0
Depreciation, depletion and amortizationLn 22$443K$416K$28K$0
InsuranceLn 23$26K$26K$109$0
Other expenses (24a–d)Ln 24$539K$512K$0$27K
All other expensesLn 24e$53K$5K$48K$0
Total functional expensesLn 25$11.6M$9.2M$1.7M$727K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $20.0M$13.7M$6.4M$112.2M 990 PDF
FY2023 $19.7M$12.4M$7.3M$105.6M 990 PDF
FY2022 $20.0M$12.1M$7.8M$97.9M 990 PDF
FY2021 Viewing $19.5M$11.6M$7.8M$91.5M 990 PDF
FY2020 $16.2M$11.5M$4.7M$83.5M 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 $19,453,419 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,381,536$18,613,911
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $421,569$471,291
I-11 Other revenuePrior year $391,538$368,217
I-12 Total revenuePrior year $16,194,643$19,453,419
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 $6,780,609$6,469,803
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,683,913$5,160,219
I-18 Total expensesPrior year $11,464,522$11,630,022
I-19 Revenue less expensesPrior year $4,730,121$7,823,397
Part VI · Governance 3 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $19,453,419 across 13 lines filed
Lines not itemized here account for $1,869 of total revenue; see the IRS return.
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$18,613,911
VIII-1g Noncash contributions (included above)$283,013
VIII-1h Total contributions, gifts and grants$18,613,911
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $465,876$465,876
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 $366,348$366,348
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,415$5,415
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $839,508$19,453,419
Part IX · Statement of functional expenses $11,630,022 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 $117,446 · Management $140,927 · Fundraising $71,206$329,579
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $3,413,451 · Management $762,816 · Fundraising $192,670$4,368,937
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $1,083,482 · Management $270,870 · Fundraising $71,282$1,425,634
IX-10 Payroll taxesPrograms $262,696 · Management $65,674 · Fundraising $17,283$345,653
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $108,178 · Management $0 · Fundraising $0$108,178
IX-11c Accounting feesPrograms $0 · Management $45,000 · Fundraising $0$45,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $120,905 · Fundraising $0$120,905
IX-11g Other fees for servicesPrograms $538,621 · Management $265 · Fundraising $0$538,886
IX-12 Advertising and promotionPrograms $81,930 · Management $9,193 · Fundraising $68,357$159,480
IX-13 Office expensesPrograms $177,520 · Management $95,414 · Fundraising $238,657$511,591
IX-14 Information technologyPrograms $99,366 · Management $7,043 · Fundraising $26,455$132,864
IX-15 RoyaltiesPrograms $217,293 · Management $2,659 · Fundraising $470$220,422
IX-16 OccupancyPrograms $1,969,784 · Management $55,406 · Fundraising $0$2,025,190
IX-17 TravelPrograms $99,524 · Management $29,082 · Fundraising $13,935$142,541
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $47,472 · Management $1,650 · Fundraising $0$49,122
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $44,399 · Management $0 · Fundraising $0$44,399
IX-22 Depreciation, depletion and amortizationPrograms $415,733 · Management $27,545 · Fundraising $0$443,278
IX-23 InsurancePrograms $25,656 · Management $109 · Fundraising $0$25,765
IX-24 Other expenses (24a–d)Programs $512,330 · Management $0 · Fundraising $26,804$539,134
IX-24e All other expensesPrograms $5,109 · Management $48,355 · Fundraising $0$53,464
IX-25 Total functional expensesPrograms $9,219,990 · Management $1,682,913 · Fundraising $727,119$11,630,022
Part X · Balance sheet $94,578,344 assets, 21 lines filed
Asset lines not itemized here account for $12,686,740; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $13,449,369$18,941,947
X-2 Savings and temporary cash investmentsStart of year $19,316,592$19,375,101
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $15,172$25,398
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $100,105$167,376
X-10c Land, buildings and equipment, netStart of year $6,008,693$5,916,792
X-11 Publicly traded securitiesStart of year $8,197,489$8,970,205
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $27,115,785$28,494,785
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $86,889,945$94,578,344
X-17 Accounts payable and accrued expensesStart of year $3,329,150$3,039,221
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $70,562$70,562
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $3,399,712$3,109,783
X-32 Total net assets or fund balancesStart of year $83,490,233$91,468,561
X-33 Total liabilities and net assetsStart of year $86,889,945$94,578,344
Part XI · Reconciliation of net assets $91,468,561 net assets at year end
XI-1 Total revenue$19,453,419
XI-2 Total expenses$11,630,022
XI-3 Revenue less expenses$7,823,397
XI-4 Net assets at start of year$83,490,233
XI-5 Net unrealized gains (losses) on investments$154,635
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$296
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$91,468,561

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

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