CHURCH OF BIBLE UNDERSTANDING

EIN: 237184229 501(c)(3)

SCRANTON, PA

Total Revenue
$3,047,315
Total Expenses
$2,463,119
Total Assets
$16,475,565
Net Assets
$16,433,712
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
PA
Principal Officer
CHARLES MEANS
Phone
8002232360
Tax Period
2024-01-01 to 2024-12-31

CHURCH OF BIBLE UNDERSTANDING, founded in 1974, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $584K, a strong 19% operating margin.

Mission

We are a Christian church and a large part of our operation is to fund our missionary work in the impoverished country of Haiti, WI. We have been in Haiti since 1977 and are recognized as an NGO by the Haitian government. For many years we operated an orphanage there, taking in cases of urgent need and providing for them into adulthood. In recent years we have transitioned from the orphanage into supporting children and their families in their own homes, supplying them with food, education and medical care. In addition to this, we have a feeding program, providing food to needy families in the rural mountain regions above Port-au-Prince, as well as to many smaller Haitian-run orphanages. We also have two Christian group homes for young adults, most of whom grew up in our former orphanage, where we are helping them to finish their education and learn trades in order to transition to adulthood. These young people are also instrumental in operating our other works in Haiti, such as distri

Program Service Accomplishments

Program 1
Expenses: $924,877

WELFAREOur church offers the opportunity for serious Christian training for those who desire to live and work together. The Church provides housing, food, medical and living expenses for these...

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WELFAREOur church offers the opportunity for serious Christian training for those who desire to live and work together. The Church provides housing, food, medical and living expenses for these members (Acts 2:44).

Program 2
Expenses: $858,936

EGLISE DE LA COMPRHENISON DE LA BIBLE" THOMASSIN 32 NO 30 THOMASSIN, Haiti, WIOur church supports our mission in Haiti. We are recognized as a Non Governmental Organization (NGO) by the Departments...

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EGLISE DE LA COMPRHENISON DE LA BIBLE" THOMASSIN 32 NO 30 THOMASSIN, Haiti, WIOur church supports our mission in Haiti. We are recognized as a Non Governmental Organization (NGO) by the Departments of Plan, Interior and National Defense,Foreign Affairs and Religious Aairs, acting on behalf of the Government 0f the Republic of Haiti for development assistance since March 15, 1984. Our organization tax identification number (NIF number)is 000-014-783-3. WE PROVIDE CLOTHING, HOUSING, MEDICAL ASSISTANCE, AND SCHOOLING TO FAMILIES AND YOUNG ADULTS. WE ALSO DISTRIBUTE FOOD TO LOCAL ORPHANAGES AND THE POOR IN MORE REMOTE RURALAREAS.

Program 3
Expenses: $123,249

TEACHINGOur purpose has always been, as the Bible says, that grace may extend to more and more people. For this reason, we offer bible studies and encouragement in person along with a bible study...

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TEACHINGOur purpose has always been, as the Bible says, that grace may extend to more and more people. For this reason, we offer bible studies and encouragement in person along with a bible study ministry online. We provide an opportunity for anyone who expresses interest in a new life in Christ. We also preach the Gospel in small groups in various cities with a street preaching ministry. We believe that it is Gods will to come to a correct understanding of the scriptures to live accordingly.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,399,286
Program Service Revenue $652,509
Investment Income $646,932
Other Revenue $348,588
TOTAL REVENUE $3,047,315

Expense Breakdown

Grants Paid $832,182
Salaries & Benefits $55,220
Fundraising Expenses $0
Program Expenses $1,932,568
Other Expenses $1,575,717
TOTAL EXPENSES $2,463,119

Year-over-Year Comparison

2024 2023 Change
Revenue $3,047,315 $2,241,747 +0.4%
Expenses $2,463,119 $2,529,159 0.0%
Net Income $584,196 $-287,412 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
6
Employees
4
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$110,149
Total Directors
10
$231,283
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES DIGIACOMA BOARD MEMBER 5.00
Director
$0 $2,774 $44,774
GINA ZILIOLI Treasurer 10.00
Officer Director
$10,000 $0 $40,960
TIMOTHY MCANDREWS BOARD MEMBER 5.00
Director
$0 $0 $33,280
ANDREW PEREIRA Vice President 5.00
Officer Director
$0 $0 $28,800
SARA WEISS BOARD MEMBER 5.00
Director
$0 $0 $23,640
CHARLES MEANS President 10.00
Officer Director
$0 $0 $20,800
TARAH MCANDREWS Secretary 20.00
Officer Director
$15,000 $4,589 $19,589
BARBARA MACRAE BOARD MEMBER 20.00
Director
$0 $0 $19,440
GERALD FAIR Board Member 5.00
Director
$0 $0 $0
PATRICIA FAIR BOARD MEMBER 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,047,315 $2,463,119 $16,475,565 $584,196
2023 $2,241,747 $2,529,159 $16,754,679 $-287,412
2022 $1,919,618 $2,344,337 $16,453,399 $-424,719
2021 $1,853,303 $2,069,549 $15,318,858 $-216,246
2020 $1,769,760 $2,295,951 $14,969,053 $-526,191
2019 $1,984,364 $2,257,379 $16,869,001 $-273,015
2018 $2,066,474 $3,485,326 $17,673,234 $-1,418,852
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