Berean Bible Society

EIN: 362256600 501(c)(3) Religion

Germantown, WI

Total Revenue
$953,021
Total Expenses
$1,286,985
Total Assets
$4,470,929
Net Assets
$4,470,148
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
WI
Principal Officer
Pastor Kevin Sadler
Phone
2622554750
Tax Period
2023-01-01 to 2023-12-31

Berean Bible Society, founded in 1940, is a small nonprofit in the Religion sector that reported $953K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 35% operating deficit.

Mission

The Berean Bible Society was founded for the sole purpose of helping believers understand and enjoy the Word of God. They reach millions on a regular basis through a free national magazine, The Berean Searchlight, through their website, and television ministry, Transformed by Grace.

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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 (2023)

Revenue Breakdown

Contributions & Grants $768,874
Program Service Revenue $0
Investment Income $192,050
Other Revenue $-7,903
TOTAL REVENUE $953,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $516,734
Fundraising Expenses $44,213
Program Expenses $930,680
Other Expenses $770,251
TOTAL EXPENSES $1,286,985

Year-over-Year Comparison

2023 2022 Change
Revenue $953,021 $809,945 +0.2%
Expenses $1,286,985 $1,135,390 +0.1%
Net Income $-333,964 $-325,445 +0.0%
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
7
Independent Members
5
Employees
9
Volunteers
5

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
$83,095
Total Directors
3
$37,362
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pastor Kevin Sadler President 40.00
Officer
$79,595 $3,500 $83,095
Ricky L Kurth Editor 40.00
$62,363 $4,476 $66,839
Victoria Sadler Admin Asst 40.00
$55,149 $0 $55,149
James Tollar Bus Mgr 40.00
$51,407 $0 $51,407
Jessica Sadler Adm Asst 40.00
$49,371 $0 $49,371
Donald Hosfeld Staff 40.00
$48,229 $0 $48,229
David Havard Director 40.00
Director
$30,398 $6,964 $37,362
Pastor Jeff Bertram Director 0.00
Director
$0 $0 $0
Pastor Ken Lawson Director 0.00
Director
$0 $0 $0
Pastor John Fredericksen Vice President 0.00
Officer
$0 $0 $0
Pastor Jeff Seekins Secretary 0.00
Officer
$0 $0 $0
David Brown Treasurer 0.00
Officer
$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 No data No data No data No data
2023 $953,021 $1,286,985 $4,470,929 $-333,964
2022 $809,945 $1,135,390 $4,798,395 $-325,445
2021 $780,908 $996,768 $5,123,773 $-215,860
2020 $3,071,600 $894,126 $5,339,602 $2,177,474
2019 $569,324 $855,427 $3,162,122 $-286,103
2018 $778,551 $814,238 $3,446,418 $-35,687
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