Bible Studies INC FY2020 filing

Tax-deductible

Winnsboro, SC501(c)(3)EIN 57-0698866Revenue $574K in FY2020

On file with the IRScfbd.org1341 Bookman Loop, 29180-9441 · Winnsboro, SCTax-exempt since Apr 1981Publicly supported charity — 170(b)(1)(A)(vi)

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Spreading of the gospel of jesus christ and encouragement to lead a christian life modeling after our lord and savior jesus christ through various Bible study mediums.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$105K 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

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $53K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$344K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$574K
Spent
$652K
To programs
98%
Net assets
$669K
By yearFY2020–FY2024
Revenue
$574K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$574K
FY2021$1.2M
FY2022$1.4M
FY2023$1.5M
FY2024$197K
Expenses
$652K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$652K
FY2021$992K
FY2022$1.3M
FY2023$1.6M
FY2024$552K
Net assets
$669K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$669K
FY2021$847K
FY2022$921K
FY2023$835K
FY2024$480K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Apr 1981.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $641K Management & general 2% · $11K

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; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
$105,092Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2021FY2020
Brad Bird$110,400——
William Bradley Bird—$110,400$105,092

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Spreads the Gospel and encourages Christian living through Bible studies.

Questions for Bible Studies INC

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Provided by the organization

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1 program · $641K · in their own filed words · FY2020
01

Weekly bible study meetings and conferences in various locations in south carolina and north carolina

$641Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 1 grant · $223K · 2024–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$574K
Ln 12
Gifts and grantsLn 1h$566K
Other incomeLn 4–11$5K
Fees for servicesLn 2g$3K
Money outPt IX
$652K
Ln 25
Programscol B$641K
Managementcol C$11K
Owns and owesPt X
$669K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$1.0M
LiabilitiesLn 26$344K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$566K
Fees for servicesLn 2g$3K
Other incomeLn 4–11$5K
Total revenueLn 12$574K
Assets in detailPt X, end of year
CashLn 1$885
SavingsLn 2$110K
Cash and savings togetherLn 1–2$110K
Land, buildings, equipmentLn 10c$903K
Total assetsLn 16$1.0M
LiabilitiesLn 26$344K
Net assetsLn 32$669K
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 FY20End FY20
Cash and savingsLn 1–2$111K$110K
Land, buildings, equipmentLn 10c$920K$903K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$285K$344K
Net assetsLn 32$747K$669K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$105K$105K
Other salaries and wagesLn 7$11K$11K
Other employee benefitsLn 9$47K$47K
Payroll taxesLn 10$863$863
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$108K$108K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$2K$2K
OccupancyLn 16$30K$30K
TravelLn 17$202K$202K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$79K$79K$51
Total functional expensesLn 25$652K$641K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $197K$552K−$355K$480K 990 PDF
FY2023 $1.5M$1.6M−$87K$835K 990 PDF
FY2022 $1.4M$1.3M$74K$921K 990 PDF
FY2021 $1.2M$992K$179K$847K 990 PDF
FY2020 Viewing $574K$652K−$78K$669K 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 FY2020 990 (6 parts)
Part I · Summary $574,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $468,890$566,130
I-9 Program service revenuePrior year $21,721$2,841
I-10 Investment incomePrior year $53$0
I-11 Other revenuePrior year $1,975$5,037
I-12 Total revenuePrior year $492,639$574,008
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 $210,593$163,550
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $213,627$488,518
I-18 Total expensesPrior year $424,220$652,068
I-19 Revenue less expensesPrior year $68,419−$78,060
Part VI · Governance 8 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $574,008 across 5 lines filed
VIII-1f All other contributions, gifts and grants$566,130
VIII-1h Total contributions, gifts and grants$566,130
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,841$2,841
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,037$5,037
VIII-12 Total revenueRelated to mission $7,878 · Unrelated business $0 · Excluded from tax $0$574,008
Part IX · Statement of functional expenses $652,068 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,092$105,092
IX-7 Other salaries and wagesPrograms $10,625$10,625
IX-9 Other employee benefitsPrograms $46,970$46,970
IX-10 Payroll taxesPrograms $863$863
IX-11c Accounting feesManagement $11,325$11,325
IX-11g Other fees for servicesPrograms $107,899$107,899
IX-12 Advertising and promotionPrograms $7,191$7,191
IX-13 Office expensesPrograms $1,568$1,568
IX-16 OccupancyPrograms $29,577$29,577
IX-17 TravelPrograms $202,027$202,027
IX-19 Conferences, conventions and meetingsPrograms $2,384$2,384
IX-20 InterestPrograms $13,412$13,412
IX-22 Depreciation, depletion and amortizationPrograms $24,554$24,554
IX-23 InsurancePrograms $9,172$9,172
IX-24 Other expenses (24a–d)Programs $79,358 · Management $51$79,409
IX-25 Total functional expensesPrograms $640,692 · Management $11,376 · Fundraising $0$652,068
Part X · Balance sheet $1,012,953 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,644$885
X-2 Savings and temporary cash investmentsStart of year $109,663$109,541
X-10c Land, buildings and equipment, netStart of year $920,368$902,527
X-16 Total assetsStart of year $1,031,675$1,012,953
X-25 Other liabilitiesStart of year $2,818$2,273
X-26 Total liabilitiesStart of year $284,984$344,322
X-32 Total net assets or fund balancesStart of year $746,691$668,631
X-33 Total liabilities and net assetsStart of year $1,031,675$1,012,953
Part XI · Reconciliation of net assets $668,631 net assets at year end
XI-1 Total revenue$574,008
XI-2 Total expenses$652,068
XI-3 Revenue less expenses−$78,060
XI-4 Net assets at start of year$746,691
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$668,631

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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