The Moody Bible Institute of Chicago

EIN: 362167792 501(c)(3) Education

Chicago, IL

Total Revenue
$129,574,445
Total Expenses
$134,764,263
Total Assets
$571,805,894
Net Assets
$382,287,953
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Financial Trends

Organization Details

Formation Year
1887
Legal Domicile
IL
Phone
3123294000
Tax Period
2024-07-01 to 2025-06-30

The Moody Bible Institute of Chicago, founded in 1887, is a major nonprofit in the Education sector that reported $129.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $382.3M represent 35 months of operating reserves.

Mission

Moody Bible Institute is a higher education and media ministry that exists to equip people with the truth of God's word to be maturing followers of Christ who are making disciples around the world. Moody is best known for its education branch, which includes a fully accredited undergraduate school and seminary, as well as distance learning. Other primary ministries include Moody Radio and Moody Publisher.

Program Service Accomplishments

Program 1
Expenses: $62,142,150 Revenue: $28,764,260

Education: The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively. Number of Students (2024-2025 school year): Undergraduate...

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Education: The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively. Number of Students (2024-2025 school year): Undergraduate School 1,834 Graduate School 790 50 states and the District of Columbia and 49 Countries are currently represented by international students throughout Moody. 6% of Undergraduate students are international, and 8.6% of Graduate students are international. 6.8% of students are international, both Undergraduate and Graduate students. These following majors or emphases are offered: Undergraduate Certificates: Ministry Leadership, Ministry to Women, Biblical and Theological Studies, Biblical Studies, Children and Family Ministry, Disability Ministry, Human Services, Intercultural Studies and Worship Leading. Associate degrees: Biblical Studies, Children and Family Ministry, CRISIS AND TRAUMA CARE, Human Services and Intercultural Studies and TESOL (Teaching English to Speakers of Other Languages). Bachelor of Science Degrees: Christian Psychology, Crisis and Trauma Care, Cultural Engagement, (HUMAN SERVICES - COUNSELING, CRISIS AND TRAUMA, PSYCHOLOGY), Integrated Ministry Studies, (Ministry Leadership -Children and Family Ministry, Disability Ministry, Human Services, Leadership, Ministry to Women, Preaching), (Missionary Aviation Technology - Flight or Maintenance), Biblical Studies, (Theological Studies - Christian Thought or Spiritual Formation),. Bachelor of Arts Degrees: Biblical Languages, Biblical Studies, Biblical Studies-Music Emphasis, CRISIS AND TRAUMA CARE, Ministry to Women, (Missional Leadership - Nonprofit Management or Interdisciplinary), Pastoral Studies, Pastoral Studies - Biblical Preaching, Youth Ministry, Theology, Children and Family Ministry, Elementary Education with Association of Christian Schools International Certification, Human Services, Applied Linguistics, Intercultural Studies, Jewish Studies, TESOL, and Communications, (Music - Music Ministry or Worship and Media Arts). These programs include the following emphases: Graduate certificate in biblical preaching, biblical spiritual formation and discipleship, Christian community development, Christian counseling, Church Planting, ministry leadership, nonprofit administration and leadership, Pastoral Studies, TESOL, biblical foundation, biblical languages - New Testament or Old Testament, biblical studies, New Testament studies, Old Testament studies, theological studies, marriage, family, and couples counseling and trauma-informed counseling. Master of arts in: biblical spiritual formation and discipleship, ministry leadership, (ministry studies Christian counseling, leadership, missions, ministry entrepreneurship, interdisciplinary), nonprofit administration and leadership, [pastoral studies - biblical preaching, pastoral ministry, or advanced track], [TESOL], [biblical and theological studies], [biblical studies], clinical mental health counseling, (marriage, family, and couple counseling, trauma-informed counseling), counseling psychology. Master of Divinity in: Biblical Languages, Biblical Preaching, Biblical Spiritual Formation and Discipleship, Interdisciplinary Studies, Ministry Leadership, Nonprofit Administration and Leadership, and Pastoral Studies. Master of Theological Studies - New Testament, Master of Theological Studies - Old Testament Doctor of Ministry - Biblical Preaching, CHRISTIAN COMMUNITY DEVELOPMENT, EXECUTIVE LEADERSHIP AND MINISTERIAL MANAGEMENT, INTERDISCIPLINARY STUDIES, PASTORAL CARE AND COUNSELING.

Program 2
Expenses: $22,953,244 Revenue: $5,125,856

Moody Global Radio is one of the oldest Christian radio and media networks in the U.S., having aired its first broadcast in 1926 in Chicago. Respected as an industry leader and a trusted voice, Moody...

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Moody Global Radio is one of the oldest Christian radio and media networks in the U.S., having aired its first broadcast in 1926 in Chicago. Respected as an industry leader and a trusted voice, Moody Global Radio has 70 full power stations and translators, 19 digital channels, a podcast network, and more than 1,800 outlets that carry its programming, reaching millions of listeners through terrestrial stations and digital platforms in both English and Spanish. Moody Global Radio addresses today's issues from a biblical worldview and helps listeners take the next step in their journey with Jesus Christ by creating and delivering practical and life-changing content, so that our listeners become Biblically grounded, practically trained, and able to engage the world through Gospel-centered living. For more information about Moody Global Radio, please visit www.moodyradio.org.

Program 3
Expenses: $20,486,425 Revenue: $18,601,803

Publishing: The mission of Moody Publishers (MP) is to resource the Church's work of discipling all people. Its vision is for readers to know, love, and serve Jesus Christ. In doing so, MP provides...

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Publishing: The mission of Moody Publishers (MP) is to resource the Church's work of discipling all people. Its vision is for readers to know, love, and serve Jesus Christ. In doing so, MP provides resources for MBI to train future Christian leaders. Each year MP seeks to add approximately 50 new titles to its collection, which now includes more than 1,300 titles in print. The most successful publications are from MP authors Gary Chapman, Nancy Demoss Wolgemuth, John MacArthur, and A.W. Tozer. Gary Chapman is the author of the #1 New York Times Bestseller "The 5 Love Languages" with over Twenty million copies sold. Nancy Demoss Wolgemuth is the host and teacher for the Moody Radio Daily Program, "Revive our Hearts". John MacArthur was pastor-teacher of Grace Community Church in California and host and teacher of Moody Radio daily program "Grace to you".

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $61,883,438
Program Service Revenue $54,661,541
Investment Income $13,029,466
Other Revenue $0
TOTAL REVENUE $129,574,445

Expense Breakdown

Grants Paid $1,983,838
Salaries & Benefits $74,413,471
Fundraising Expenses $14,016,582
Program Expenses $112,898,863
Other Expenses $56,751,250
TOTAL EXPENSES $134,764,263

Year-over-Year Comparison

2024 2023 Change
Revenue $129,574,445 $119,294,298 +0.1%
Expenses $134,764,263 $126,794,340 +0.1%
Net Income $-5,189,818 $-7,500,042 -0.3%
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
13
Independent Members
12
Employees
1804
Volunteers
17

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
21
$3,292,990
Total Directors
14
$398,176
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julianna Slattery Trustee, Assistant Secretary 2.5
Officer Director
$0 $0 $0
Mark Flannery Vice Chairman 2.5
Officer Director
$0 $0 $0
Mark Jobe President & CEO 38.8
Officer Director
$298,235 $99,941 $398,176
Richard E Warren Chairman 2.5
Officer Director
$0 $0 $0
T Randall Fairfax Trustees Secretary 2.5
Officer Director
$0 $0 $0
James Meeks Trustee 2.0
Director
$0 $0 $0
Karen Melby Suwyn Trustee 2.0
Director
$0 $0 $0
Manuel J Gutierrez Trustee (Thru 5/2025) 2.0
Director
$0 $0 $0
Michael Fabarez Trustee 2.0
Director
$0 $0 $0
Orbelina Eguizabal Escobar Trustee 2.0
Director
$0 $0 $0
Robert J Schuldt Trustee 2.0
Director
$0 $0 $0
Robert Seiffert Trustee 2.0
Director
$0 $0 $0
Timothy T Bush Trustee 2.0
Director
$0 $0 $0
William L Rogers TRUSTEE 2.0
Director
$0 $0 $0
Bruce A Everhart VP and Chief Development Officer 38.8
Officer
$165,005 $24,131 $189,136
David Wesley Ward VP, Moody Radio 38.8
Officer
$166,586 $43,186 $209,772
Deborah A Zelinski VP, Human Resources 38.8
Officer
$177,073 $24,073 $201,146
Greg Thornton Chief Financial Officer (Thru 1/20/2025) 38.8
Officer
$208,703 $36,602 $245,305
Hikari Wakimasu Treasurer (Thru 09/2024) 38.8
Officer
$88,928 $8,170 $97,098
James G Elliott VP, Stewardship 38.8
Officer
$168,425 $34,599 $203,024
Janet A Stiven VP, General Counsel and Assistant Secretary 38.8
Officer
$195,345 $25,221 $220,566
John D Sauceda Chief Information Officer 38.8
Officer
$149,036 $34,462 $183,498
Magdalena Martensen CFO and Treasurer and Assistant Secretary (Begin 1/20/25) 38.8
Officer
$0 $0 $0
Mark A Wagner Executive VP and Chief Operating Officer (Thru 6/30/2025) 38.8
Officer
$242,838 $289 $243,127
Michael A Rydelnik VP and Dean, Undergraduate School (Thru 6/30/2025) 38.8
Officer
$94,762 $78,610 $173,372
Randall Payleitner VP of Moody Publishers 38.8
Officer
$137,552 $43,103 $180,655
Samuel S Choy VP, Chief Marketing Officer 38.8
Officer
$174,993 $42,570 $217,563
Timothy Sisk Provost and Senior VP, Education 38.8
Officer
$153,600 $24,985 $178,585
William Washington VP and Dean of Student Life and Enrollment 38.8
Officer
$109,538 $85,350 $194,888
Winfred O Neely VP and Dean, Moody Theological Seminary and Graduate School (Thru 6/30/2025) 38.8
Officer
$90,632 $66,447 $157,079
Douglas J Murphy Dean of Operations and Strategic Educational Initiatives 38.8
Highest
$134,280 $39,302 $173,582
Karl J Clauson Radio Host 38.8
Highest
$132,264 $38,814 $171,078
Lisa Karlson Controller 38.8
Highest
$130,463 $9,421 $139,884
Pepi O Manieson IT Services 38.8
Highest
$134,703 $40,312 $175,015
Roy Patterson Jr Community Relations Director 38.8
Highest
$128,991 $22,821 $151,812
Dwight A Perry Senior VP and Dean of Education (thru 6/30/2025), Former Provost 38.8
$76,249 $118,835 $195,084
Paul J Santhouse Former VP of Moody Publishers (thru 6/30/2024) 0.0
$148,087 $16,025 $164,112
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
2025 $129,574,445 $134,764,263 $571,805,894 $-5,189,818
2024 $119,294,298 $126,794,340 $549,888,224 $-7,500,042
2023 $116,660,737 $116,542,038 $531,203,812 $118,699
2022 $263,295,292 $116,657,220 $517,402,862 $146,638,072
2020 $109,007,070 $112,482,779 $328,644,002 $-3,475,709
2019 $114,375,470 $114,927,481 $339,786,632 $-552,011
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