Bible Study Time INC FY2020 filing

Tax-deductible

Spartanburg, SC501(c)(3)EIN 58-1137589Revenue $1.5M in FY2020

On file with the IRSbiblestudytimeinc.orgPo Box 1714, 29304-1714 · Spartanburg, SCTax-exempt since Nov 1972Private non-operating foundation

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The organization's mission is to spread the gospel of jesus christ to the world. Its mission is accompished as a church through regular church worship and prayer services, television and radio programming, including supporting other organizations' television and radio programming, preaching, teaching, counseling, pastoral care, and audio, print, and visual media publication.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$437K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $577K a year · 35% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$437K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Looks good: 24.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$290
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.3M
To programs
86%
Net assets
$12.4M
By yearFY2020–FY2025
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.0M
FY2023$1.2M
FY2024$2.9M
FY2025$1.7M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.2M
FY2023$917K
FY2024$898K
FY2025$886K
Net assets
$12.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$12.4M
FY2021$12.7M
FY2022$12.5M
FY2023$12.8M
FY2024$15.0M
FY2025$15.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1972.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.1M Management & general 14% · $190K Fundraising 0% · $50

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

5 people listed on the 990; $437K paid to officers and key staff.

Part VII, Section A · reportable compensation
$329,461Pt VII · Sec A
$107,610Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2023FY2022FY2021FY2020
Dr Freda Crews——$336,856$353,753$329,461
Mr William Crews JR—$105,107$105,595$106,462$107,610
William Crews JR$104,773————

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 15aYes

Programs and updates

Spreads the Gospel through worship, media, teaching, and pastoral care.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2020
01

The organization's program service is to to conduct weekly, and sometimes daily, christian church worship AND/OR prayer services at its location on ST. John street in spartanburg, south carolina and also to operate as a church through the production and broadcast of christian television and radio programming including preaching and…

$607Kprogram expense
02

The organization also provides support to other christian organizations with harmonious missions in their christian television and radio programming endeavors. The organization's web site for select religious broadcasting found at SELECTBROADCASTING.ORG facilitates the achievement of this program service.

$522Kprogram expense
03

The organization further accomplishes its mission by publishing, selling, and otherwise distributing christian audio, print, and visual media, providing christian counseling and pastoral care to church and community members, donating print media to prison inmates, and evangelizing individuals through personal witness.

$5Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$884K
Investment incomeLn 3$660K
Gifts and grantsLn 1h$10K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$190K
Fundraisingcol D$50
Owns and owesPt X
$12.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$12.4M
LiabilitiesLn 26$290
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$884K
Investment incomeLn 3$660K
Gains on assetsLn 7$415K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$314K
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$8.7M
Land, buildings, equipmentLn 10c$449K
Other assetsLn 15$538K
Total assetsLn 16$12.4M
LiabilitiesLn 26$290
Net assetsLn 32$12.4M
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$1.2M$2.7M
InvestmentsLn 11–13$9.8M$8.7M
Land, buildings, equipmentLn 10c$663K$449K
Total assetsLn 16$12.2M$12.4M
LiabilitiesLn 26$0$290
Net assetsLn 32$12.2M$12.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50$50
Pay of current officers, directors and key staffLn 5$437K$403K$34K
Other salaries and wagesLn 7$259K$233K$26K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$23K$23K
Legal feesLn 11b$2K$538$1K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$89K$89K
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$56K$42K$14K
OccupancyLn 16$105K$101K$5K
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$96$96
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$258K$255K$3K$50
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$1.3M$1.1M$190K$50

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.7M$886K$802K$15.9M 990 PDF
FY2024 $2.9M$898K$2.0M$15.0M 990 PDF
FY2023 $1.2M$917K$326K$12.8M 990 PDF
FY2022 $1.0M$1.2M−$232K$12.5M 990 PDF
FY2021 $1.7M$1.3M$332K$12.7M 990 PDF
FY2020 Viewing $1.5M$1.3M$220K$12.4M 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 $1,542,306 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,028$9,692
I-9 Program service revenuePrior year $915,274$883,606
I-10 Investment incomePrior year $652,064$659,509
I-11 Other revenuePrior year −$7,485−$10,501
I-12 Total revenuePrior year $1,573,881$1,542,306
I-13 Grants and similar amounts paidPrior year $845$50
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $716,297$723,013
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $777,518$599,034
I-18 Total expensesPrior year $1,494,660$1,322,097
I-19 Revenue less expensesPrior year $79,221$220,209
Part VI · Governance 3 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,542,306 across 7 lines filed
VIII-1f All other contributions, gifts and grants$9,692
VIII-1h Total contributions, gifts and grants$9,692
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $883,606$883,606
VIII-3 Investment incomeExcluded from tax $244,833$244,833
VIII-7 Net gain or loss on sales of assetsRelated to mission $408,499 · Excluded from tax $6,177$414,676
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$10,501−$10,501
VIII-12 Total revenueRelated to mission $1,292,105 · Unrelated business −$10,501 · Excluded from tax $251,010$1,542,306
Part IX · Statement of functional expenses $1,322,097 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $50$50
IX-5 Pay of current officers, directors and key staffPrograms $403,071 · Management $34,000$437,071
IX-7 Other salaries and wagesPrograms $233,172 · Management $25,908$259,080
IX-9 Other employee benefitsPrograms $3,657$3,657
IX-10 Payroll taxesPrograms $23,205$23,205
IX-11b Legal feesPrograms $538 · Management $1,287$1,825
IX-11c Accounting feesManagement $17,742$17,742
IX-11f Investment management feesManagement $88,885$88,885
IX-11g Other fees for servicesPrograms $8,725$8,725
IX-13 Office expensesPrograms $42,409 · Management $14,005$56,414
IX-16 OccupancyPrograms $100,744 · Management $4,606$105,350
IX-17 TravelPrograms $7,413$7,413
IX-19 Conferences, conventions and meetingsManagement $96$96
IX-22 Depreciation, depletion and amortizationPrograms $22,740$22,740
IX-23 InsurancePrograms $28,556$28,556
IX-24 Other expenses (24a–d)Programs $254,604 · Management $2,995 · Fundraising $50$257,649
IX-24e All other expensesPrograms $3,639$3,639
IX-25 Total functional expensesPrograms $1,132,523 · Management $189,524 · Fundraising $50$1,322,097
Part X · Balance sheet $12,375,103 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $43,970$314,406
X-2 Savings and temporary cash investmentsStart of year $1,108,477$2,341,400
X-9 Prepaid expenses and deferred chargesStart of year $3,528$5,502
X-10c Land, buildings and equipment, netStart of year $663,493$449,472
X-11 Publicly traded securitiesStart of year $9,694,729$8,634,692
X-12 Other securitiesStart of year $102,442$91,666
X-15 Other assetsStart of year $537,965$537,965
X-16 Total assetsStart of year $12,154,604$12,375,103
X-17 Accounts payable and accrued expenses$290
X-26 Total liabilitiesStart of year $0$290
X-27 Net assets without donor restrictionsStart of year $12,154,604$12,374,813
X-32 Total net assets or fund balancesStart of year $12,154,604$12,374,813
X-33 Total liabilities and net assetsStart of year $12,154,604$12,375,103
Part XI · Reconciliation of net assets $12,374,813 net assets at year end
XI-1 Total revenue$1,542,306
XI-2 Total expenses$1,322,097
XI-3 Revenue less expenses$220,209
XI-4 Net assets at start of year$12,154,604
XI-10 Net assets at end of year$12,374,813

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

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