Explorers Bible Study Association EIN 87-0400516 Form 990 (PDF) Claim this org

Explorers Bible Study Association

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Invites all to a closer walk with God through in-depth Bible study in community classes. For fiscal year 2025 it reported $1.0M in revenue, $379K in expenses, and $1.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Dickson, TN
Website
www.explorerbiblestudy.org
Filings
6 on file (2020–2025)
Revenue
$1.0MFY2025
Expenses
$379K
Net assets
$1.5M
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  87-0400516 Public charity (501(c)(3)) Dickson, TN
Form 990 (PDF)
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Size
$1–10M
What they do
Invites all to a closer walk with God through in-depth Bible study in community classes.
Leadership
Melinda Burnette · Executive Di · $88K
Money in and out
$1.0M revenue, $379K expenses
Bottom line
56% program efficiency
Where the money goes · FY2025
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$379K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $664K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.41 Fundraising $0.03
Program efficiency
56%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
43.7mo
months of highly liquid reserves at operating expense rate▲ +203% vs prior filing year
Surplus margin
+64%
revenue over expenses, this year▲ ×126 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.0M
FY2025▲ +229%
Expenses
$379K
FY2025▲ +19%
Total assets
$1.6M
FY2025▲ +78%
Total liabilities
$12K
FY2025▼ -37%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$379K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$664K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExplorers Bible Study Association
EINHdr · item D87-0400516
Principal addressHdr · item CDickson, TN
WebsiteHdr · item Jwww.explorerbiblestudy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A30Z)
Ruling yearIRS BMFJul 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$87,600Pt VII · Sec A
Brd Memb/Soc
$3,700Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Melinda Burnette’s $88K as Executive Di is at the 23rd percentile of top reported officer pay among 3916 $1–10M arts & culture 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2021FY2020
Melinda Burnette$87,600$84,677
Mike Harding$1,456$27,630
Lisa Schlaack$3,700

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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Mission & Programs · Part III

Where the work happens

1 program service account for $212K of program spending, described in the organization's own filed words · FY2024.
01

1. To bring individuals closer to god through in-depth study of the bible, understanding god through the reading of his revelation of himself in the bible, coming to know his son jesus christ in all his fullness through the power of the holy spirit. 2.

$212Kprogram expense

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Statement of Revenue

Part VIII
Investment income$753K · 72%
Contributions & grants$168K · 16%
Other revenue$122K · 12%
Investment income72%$753K
Contributions & grants16%$168K
Other revenue12%$122K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.41 Fundraising $0.03
Program services56%$212K
Management & general41%$155K
Fundraising3%$12K
Total functional expensesLn 25$379K

Balance Sheet

Part X · end of year
CashLn 1$310K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$12K
Total net assetsLn 32$1.5M
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $379K
43.7 months
Where the money goes
Program services
Program services $212K · Total expenses $379K
56%
Management & General
Management & general $155K · Total expenses $379K
41%
Fundraising
Fundraising $12K · Total expenses $379K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $158K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $168K · Total revenue $1.0M
16%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $0 · Total revenue $1.0M
0%
Investment reliance
Investment income $753K · Total revenue $1.0M
+72%
Program self-sufficiency
Program service revenue $0 · Total expenses $379K
0%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $317K
+229%
Revenue CAGR
FY2019 $478K · FY2024 $1.0M
+17%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $379K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.5M · Total assets $1.6M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
69%
People & payroll
Highest Reported Total Compensation
Individual Melinda Burnette · Reported title EXECUTIVE DI · Highest reported compensation $88K · Total expenses $379K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $241K · Total expenses $379K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 41%
Fundraising cost ratio 7%
Revenue growth 229%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$30K
Grants paid · 1 grant · $6K · 2022–2022
Unitemized GrantFY2022$6,418

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2024$317K revenue · ⤓ 990 PDF
FY2023$323K revenue · ⤓ 990 PDF
FY2022$498K revenue · ⤓ 990 PDF
FY2021$552K revenue · ⤓ 990 PDF
FY2020$478K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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