Bible Study Time INC FY2023 filing

Tax-deductible

Spartanburg, SC501(c)(3)EIN 58-1137589Revenue $1.2M in FY2023

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.
76¢ 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

FY2023 · 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
76%
of spending
Looks good: 76% 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 · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% 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
$1.2M
+24% vs prior year
Spent
$917K
To programs
76%
Net assets
$12.8M
By yearFY2020–FY2025
Revenue
$1.2M
FY2023▲ +24%
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
$917K
FY2023▼ -26%
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
$12.8M
FY2023▲ +3%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

76 cents of each dollar spent went to programs.

Program services 76% · $699K Management & general 24% · $217K

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; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
$105,107Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Tr
$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 2No
  • 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 · $699K · in their own filed words · FY2023
01

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.

$471Kprogram expense
02

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…

$213Kprogram 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.

$16Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$810K
Investment incomeLn 3$439K
Gifts and grantsLn 1h$17K
Money outPt IX
$917K
Ln 25
Programscol B$699K
Managementcol C$217K
Owns and owesPt X
$12.8M
net assets · Ln 32
Cash and savingsLn 1–2$751K
Total assetsLn 16$12.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Fees for servicesLn 2g$810K
Investment incomeLn 3$439K
Gains on assetsLn 7$89K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$294K
SavingsLn 2$457K
Cash and savings togetherLn 1–2$751K
InvestmentsLn 11–13$11.0M
Land, buildings, equipmentLn 10c$691K
Other assetsLn 15$360K
Total assetsLn 16$12.8M
LiabilitiesLn 26$0
Net assetsLn 32$12.8M
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 FY23End FY23
Cash and savingsLn 1–2$821K$751K
InvestmentsLn 11–13$10.8M$11.0M
Land, buildings, equipmentLn 10c$412K$691K
Total assetsLn 16$12.5M$12.8M
LiabilitiesLn 26$370$0
Net assetsLn 32$12.5M$12.8M
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$199K$179K$20K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$23K$16K$7K
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$139K$139K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$28K$21K$6K
OccupancyLn 16$83K$80K$3K
TravelLn 17$745$745
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$39K$39K
Other expenses (24a–d)Ln 24$225K$222K$3K
All other expensesLn 24e$14K$12K$2K
Total functional expensesLn 25$917K$699K$217K$0

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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $1,243,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,059$16,648
I-9 Program service revenuePrior year $741,963$809,669
I-10 Investment incomePrior year $252,834$439,146
I-11 Other revenuePrior year −$3,295−$22,287
I-12 Total revenuePrior year $1,001,561$1,243,176
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $701,713$328,735
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $532,189$588,042
I-18 Total expensesPrior year $1,233,902$916,777
I-19 Revenue less expensesPrior year −$232,341$326,399
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,243,176 across 7 lines filed
VIII-1f All other contributions, gifts and grants$16,648
VIII-1h Total contributions, gifts and grants$16,648
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $809,669$809,669
VIII-3 Investment incomeExcluded from tax $350,050$350,050
VIII-7 Net gain or loss on sales of assetsRelated to mission $89,096$89,096
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$31,341 · Excluded from tax $9,054−$22,287
VIII-12 Total revenueRelated to mission $898,765 · Unrelated business −$31,341 · Excluded from tax $359,104$1,243,176
Part IX · Statement of functional expenses $916,777 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,107$105,107
IX-7 Other salaries and wagesPrograms $179,339 · Management $19,926$199,265
IX-9 Other employee benefitsPrograms $1,078$1,078
IX-10 Payroll taxesPrograms $16,326 · Management $6,959$23,285
IX-11b Legal feesManagement $17,305$17,305
IX-11c Accounting feesManagement $20,832$20,832
IX-11f Investment management feesManagement $138,550$138,550
IX-11g Other fees for servicesPrograms $1,763$1,763
IX-13 Office expensesPrograms $21,181 · Management $6,466$27,647
IX-16 OccupancyPrograms $80,333 · Management $2,830$83,163
IX-17 TravelPrograms $745$745
IX-22 Depreciation, depletion and amortizationPrograms $20,643$20,643
IX-23 InsurancePrograms $39,137$39,137
IX-24 Other expenses (24a–d)Programs $221,952 · Management $2,651$224,603
IX-24e All other expensesPrograms $11,781 · Management $1,873$13,654
IX-25 Total functional expensesPrograms $699,385 · Management $217,392 · Fundraising $0$916,777
Part X · Balance sheet $12,801,001 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $115,000$294,195
X-2 Savings and temporary cash investmentsStart of year $705,990$456,913
X-10c Land, buildings and equipment, netStart of year $411,865$690,504
X-11 Publicly traded securitiesStart of year $10,774,967$10,999,389
X-15 Other assetsStart of year $431,106$360,000
X-16 Total assetsStart of year $12,474,972$12,801,001
X-26 Total liabilitiesStart of year $370$0
X-27 Net assets without donor restrictionsStart of year $12,474,602$12,801,001
X-32 Total net assets or fund balancesStart of year $12,474,602$12,801,001
X-33 Total liabilities and net assetsStart of year $12,474,972$12,801,001
Part XI · Reconciliation of net assets $12,801,001 net assets at year end
XI-1 Total revenue$1,243,176
XI-2 Total expenses$916,777
XI-3 Revenue less expenses$326,399
XI-4 Net assets at start of year$12,474,602
XI-10 Net assets at end of year$12,801,001

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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