Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
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
19 people listed on the 990; $391K paid to officers and key staff.
Tim Yaeger’s $105K as CIO is at the 54th percentile of top reported officer pay among 1636 $1–10M 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Tim Yaeger | $104,845 | $100,261 | $84,285 | $77,986 | $123,412 |
| John Reese | — | — | — | $117,604 | $107,545 |
| Brian Davis | $71,109 | $71,557 | $72,904 | $72,847 | $93,081 |
| Pat Brown | — | — | — | — | $74,662 |
| William Bush | $65,340 | — | — | — | — |
| Kevin Rhodes | — | $28,461 | $35,444 | — | $63,816 |
| Marcus McKee | $55,453 | $47,790 | $45,000 | — | — |
| Bill Colwell | — | — | — | — | $55,273 |
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
Provides religious education to people not affiliated with any church.
Questions for World Bible School Incorporated
Your first name shows with your question. World Bible School Incorporated answers here, for everyone.
Know this org? Add your story
Advertising and promotional programs to recruit students for WBS publications, correspondence and other educational courses.
Course publications provide christian educational materials to teachers in order for them to teach and minister to people around the world.
WBS offers courses through the internet to reach a larger population of students.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $958K |
| InvestmentsLn 11–13 | $5.3M | $6.0M |
| Land, buildings, equipmentLn 10c | $523K | $526K |
| Total assetsLn 16 | $6.9M | $7.5M |
| LiabilitiesLn 26 | $22K | $19K |
| Net assetsLn 32 | $6.9M | $7.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $463K | $281K | $45K | $136K |
| Other salaries and wagesLn 7 | $1.3M | $848K | $134K | $335K |
| Pension plan contributionsLn 8 | $81K | $34K | $35K | $12K |
| Other employee benefitsLn 9 | $408K | $231K | $32K | $145K |
| Payroll taxesLn 10 | $54K | $39K | $9K | $6K |
| Accounting feesLn 11c | $18K | $18K | ||
| Other fees for servicesLn 11g | $324K | $321K | $2K | $207 |
| Advertising and promotionLn 12 | $509K | $450K | $447 | $59K |
| Office expensesLn 13 | $35K | $9K | $13K | $14K |
| Information technologyLn 14 | $89K | $78K | $11K | $439 |
| OccupancyLn 16 | $25K | $496 | $25K | |
| TravelLn 17 | $262K | $154K | $1K | $106K |
| Conferences, conventions and meetingsLn 19 | $5K | $2K | $2K | $1K |
| Depreciation, depletion and amortizationLn 22 | $35K | $17K | $18K | $1K |
| InsuranceLn 23 | $40K | $22K | $16K | $2K |
| Other expenses (24a–d)Ln 24 | $1.6M | $1.6M | $15K | $12K |
| All other expensesLn 24e | $16K | $3K | $11K | $2K |
| Total functional expensesLn 25 | $5.3M | $4.1M | $388K | $833K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $5.6M | $5.3M | $250K | $7.5M | 990 PDF |
| FY2023 | $5.5M | $4.8M | $704K | $6.9M | 990 PDF |
| FY2022 | $4.6M | $5.1M | −$543K | $5.9M | 990 PDF |
| FY2021 | $5.1M | $4.3M | $800K | $7.1M | 990 PDF |
| FY2020 | $5.2M | $3.8M | $1.4M | $6.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $5,561,547 revenue, 12 lines filed
Part VI · Governance 12 of 13 board members independent, 2 to look at
Part VIII · Statement of revenue $5,561,547 across 10 lines filed
Part IX · Statement of functional expenses $5,311,847 across 17 lines filed
Part X · Balance sheet $7,470,991 assets, 11 lines filed
Part XI · Reconciliation of net assets $7,452,158 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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