Bible Broadcasting Network Incorporated FY2022 filing

Tax-deductible

Charlotte, NC501(c)(3)Since 1969ReligionEIN 54-0888863

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.
$288K 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

FY2022 · 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
$288K
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
42 mo
of spending, in cash
Looks good: 42.2 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
$6.4M
6% of total assets
Looks good: liabilities are 6% 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
$20.0M
+3% vs prior year
Spent
$12.1M
To programs
79%
Net assets
$97.9M
By yearFY2020–FY2024
Revenue
$20.0M
FY2022▲ +3%
Revenue by fiscal year
FY2020$16.2M
FY2021$19.5M
FY2022$20.0M
FY2023$19.7M
FY2024$20.0M
Expenses
$12.1M
FY2022▲ +4%
Expenses by fiscal year
FY2020$11.5M
FY2021$11.6M
FY2022$12.1M
FY2023$12.4M
FY2024$13.7M
Net assets
$97.9M
FY2022▲ +7%
Net assets by fiscal year
FY2020$83.5M
FY2021$91.5M
FY2022$97.9M
FY2023$105.6M
FY2024$112.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 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% · $9.5M Management & general 15% · $1.8M Fundraising 6% · $738K

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

Who runs it and what they're paid

6 people listed on the 990; $288K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$116,754Pt VII · Sec A
Secretary-Treasurer
$106,093Pt VII · Sec A
$60,963Pt VII · Sec A
Vice President
$3,900Pt 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.

See Bible Broadcasting Network Incorporated executive salaries →

Are you one of these people? Claim this org to confirm your role

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

This section is blank until Bible Broadcasting Network Incorporated claims this page.

Know this organization? Claim it to add your story

1 program service account for $9.5M of program spending, described in the organization's own filed words · FY2022.
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.

$9.5Mprogram expense

Run this program? Claim this org to tell your story

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$20.0M
Ln 12
Gifts and grantsLn 1h$18.2M
Other incomeLn 4–11$1.1M
Investment incomeLn 3$673K
Money outPt IX
$12.1M
Ln 25
Programscol B$9.5M
Managementcol C$1.8M
Fundraisingcol D$738K
Owns and owesPt X
$97.9M
net assets · Ln 32
Cash and savingsLn 1–2$42.6M
Total assetsLn 16$104.3M
LiabilitiesLn 26$6.4M
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$18.2M
Government grantsLn 1e$0
Noncash giftsLn 1g$401K
Fundraising eventsLn 1c$0
Investment incomeLn 3$673K
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$10K
Total revenueLn 12$20.0M
Assets in detailPt X, end of year
CashLn 1$26.0M
SavingsLn 2$16.5M
Cash and savings togetherLn 1–2$42.6M
InvestmentsLn 11–13$8.3M
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$0
Total assetsLn 16$104.3M
LiabilitiesLn 26$6.4M
Net assetsLn 32$97.9M
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 FY22End FY22
Cash and savingsLn 1–2$38.3M$42.6M
InvestmentsLn 11–13$9.0M$8.3M
Land, buildings, equipmentLn 10c$5.9M$5.5M
Total assetsLn 16$94.6M$104.3M
LiabilitiesLn 26$3.1M$6.4M
Net assetsLn 32$91.5M$97.9M
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$353K$125K$151K$77K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$4.8M$3.7M$845K$195K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$1.3M$1.0M$253K$67K
Payroll taxesLn 10$372K$283K$71K$19K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$156K$144K$12K$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$120K$0$120K$0
Other fees for servicesLn 11g$441K$436K$1K$3K
Advertising and promotionLn 12$106K$58K$1K$47K
Office expensesLn 13$498K$159K$73K$267K
Information technologyLn 14$115K$85K$6K$24K
RoyaltiesLn 15$216K$216K$0$0
OccupancyLn 16$2.1M$2.1M$56K$0
TravelLn 17$293K$110K$162K$21K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$30K$30K$0$0
InterestLn 20$4K$3K$270$0
Payments to affiliatesLn 21$48K$48K$0$0
Depreciation, depletion and amortizationLn 22$452K$424K$28K$0
InsuranceLn 23$32K$32K$136$0
Other expenses (24a–d)Ln 24$600K$581K$0$19K
All other expensesLn 24e$25K$11K$13K$0
Total functional expensesLn 25$12.1M$9.5M$1.8M$738K

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 Viewing $20.0M$12.1M$7.8M$97.9M 990 PDF
FY2021 $19.5M$11.6M$7.8M$91.5M 990 PDF
FY2020 $16.2M$11.5M$4.7M$83.5M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $19,963,695 across 14 lines filed
Lines not itemized here account for $900 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$18,197,237
VIII-1g Noncash contributions (included above)$400,796
VIII-1h Total contributions, gifts and grants$18,197,237
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $663,288$663,288
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 $395,554$395,554
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,716$9,716
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $697,000$697,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,766,458$19,963,695
Part IX · Statement of functional expenses $12,121,435 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 $124,723 · Management $151,305 · Fundraising $76,678$352,706
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $3,718,903 · Management $845,249 · Fundraising $195,130$4,759,282
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $1,013,810 · Management $253,453 · Fundraising $66,698$1,333,961
IX-10 Payroll taxesPrograms $282,795 · Management $70,699 · Fundraising $18,605$372,099
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $143,572 · Management $12,098 · Fundraising $0$155,670
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 $120,248 · Fundraising $0$120,248
IX-11g Other fees for servicesPrograms $436,425 · Management $1,250 · Fundraising $3,496$441,171
IX-12 Advertising and promotionPrograms $58,173 · Management $1,410 · Fundraising $46,694$106,277
IX-13 Office expensesPrograms $158,524 · Management $73,075 · Fundraising $266,519$498,118
IX-14 Information technologyPrograms $84,945 · Management $6,040 · Fundraising $23,796$114,781
IX-15 RoyaltiesPrograms $216,097 · Management $0 · Fundraising $0$216,097
IX-16 OccupancyPrograms $2,066,360 · Management $55,950 · Fundraising $0$2,122,310
IX-17 TravelPrograms $109,846 · Management $162,364 · Fundraising $20,988$293,198
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $30,000 · Management $0 · Fundraising $0$30,000
IX-20 InterestPrograms $3,461 · Management $270 · Fundraising $0$3,731
IX-21 Payments to affiliatesPrograms $48,038 · Management $0 · Fundraising $0$48,038
IX-22 Depreciation, depletion and amortizationPrograms $424,125 · Management $27,545 · Fundraising $0$451,670
IX-23 InsurancePrograms $32,240 · Management $136 · Fundraising $0$32,376
IX-24 Other expenses (24a–d)Programs $581,086 · Management $0 · Fundraising $18,986$600,072
IX-24e All other expensesPrograms $11,495 · Management $13,135 · Fundraising $0$24,630
IX-25 Total functional expensesPrograms $9,544,618 · Management $1,839,227 · Fundraising $737,590$12,121,435
Part X · Balance sheet $104,318,903 assets, 22 lines filed
Asset lines not itemized here account for $12,686,740; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $18,941,947$26,041,833
X-2 Savings and temporary cash investmentsStart of year $19,375,101$16,538,250
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $25,398$45,087
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $167,376$177,443
X-10c Land, buildings and equipment, netStart of year $5,916,792$5,515,715
X-11 Publicly traded securitiesStart of year $8,970,205$8,295,692
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $28,494,785$35,018,143
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $94,578,344$104,318,903
X-17 Accounts payable and accrued expensesStart of year $3,039,221$2,964,662
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-25 Other liabilitiesStart of year $0$3,375,638
X-26 Total liabilitiesStart of year $3,109,783$6,410,862
X-32 Total net assets or fund balancesStart of year $91,468,561$97,908,041
X-33 Total liabilities and net assetsStart of year $94,578,344$104,318,903
Part XI · Reconciliation of net assets $97,908,041 net assets at year end
XI-1 Total revenue$19,963,695
XI-2 Total expenses$12,121,435
XI-3 Revenue less expenses$7,842,260
XI-4 Net assets at start of year$91,468,561
XI-5 Net unrealized gains (losses) on investments−$1,402,780
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$97,908,041

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.