INSTITUTE IN BASIC LIFE PRINCIPLES

EIN: 366108515 501(c)(3) Religion

BIG SANDY, TX

Total Revenue
$3,820,791
Total Expenses
$5,727,640
Total Assets
$49,715,702
Net Assets
$48,328,489
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
IL
Principal Officer
TIM LEVENDUSKY
Phone
9036362000
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE IN BASIC LIFE PRINCIPLES, founded in 1961, is a community nonprofit in the Religion sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $5.7M exceeded revenue, resulting in a 50% operating deficit.

Mission

THE INSTITUTE IN BASIC LIFE PRINCIPLES WAS ESTABLISHED FOR THE PURPOSE OF INTRODUCING PEOPLE TO THE LORD JESUS CHRIST AND IS DEDICATED TO GIVING INDIVIDUALS, FAMILIES, CHURCHES, SCHOOLS, COMMUNITIES AND BUSINESSES CLEAR INSTRUCTION AND TRAINING ON HOW TO FIND SUCCESS BY FOLLOWING GOD'S PRINCIPLES FOUND IN SCRIPTURE. THESE GOALS ARE ACCOMPLISHED PRIMARILY THROUGH SEMINARS, EDUCATIONAL PROGRAMS, PRINTED LITERATURE, AND THE OPERATION OF CENTERS TO FACILITATE TRAINING.

Program Service Accomplishments

Program 1
Expenses: $1,311,698 Revenue: $545,451

DURING 2023, FAMILY CONFERENCES AND A FAMILY CAMP WERE HELD PRESENTING BIBLICAL TEACHING AND TRAINING FOR YOUTHS AND ADULTS. THESE EVENTS WERE LIVE-STREAMED FOR PEOPLE OFF-SITE TO VIEW IN THE U.S. AS...

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DURING 2023, FAMILY CONFERENCES AND A FAMILY CAMP WERE HELD PRESENTING BIBLICAL TEACHING AND TRAINING FOR YOUTHS AND ADULTS. THESE EVENTS WERE LIVE-STREAMED FOR PEOPLE OFF-SITE TO VIEW IN THE U.S. AS WELL AS WORLDWIDE.

Program 2
Expenses: $708,044 Revenue: $756,168

IN 2023, BIBLICAL TEACHING MATERIALS WERE CREATED IN THE FORM OF WRITTEN, AUDIO, VIDEO, AND LIVE PRESENTATIONS TO TEACH PRACTICAL TRUTHS FROM THE WORD OF GOD. THESE CHRISTIANS MATERIALS WERE...

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IN 2023, BIBLICAL TEACHING MATERIALS WERE CREATED IN THE FORM OF WRITTEN, AUDIO, VIDEO, AND LIVE PRESENTATIONS TO TEACH PRACTICAL TRUTHS FROM THE WORD OF GOD. THESE CHRISTIANS MATERIALS WERE AVAILABLE FOR SALE AND DOWNLOADS, AS WELL AS MANY FREE MATERIALS FOR PEOPLE TO ACCESS ONLINE.

Program 3
Expenses: $634,436 Revenue: $46,847

IN 2023, IBLP PRESENTED TRAINING FOR YOUNG PEOPLE IN THE AREAS OF PERSONAL DISCIPLESHIP AND MUSIC, AND PROVIDED PROGRAMS FOR STRENGTHENING FAMILIES THROUGH PARENT AND CHILD ACTIVITIES. IBLP ALSO...

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IN 2023, IBLP PRESENTED TRAINING FOR YOUNG PEOPLE IN THE AREAS OF PERSONAL DISCIPLESHIP AND MUSIC, AND PROVIDED PROGRAMS FOR STRENGTHENING FAMILIES THROUGH PARENT AND CHILD ACTIVITIES. IBLP ALSO MINISTERED TO INMATES THROUGH FAITH-BASED CHAPLAINCY PROGRAMS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $834,924
Program Service Revenue $848,634
Investment Income $502,839
Other Revenue $1,634,394
TOTAL REVENUE $3,820,791

Expense Breakdown

Grants Paid $177,106
Salaries & Benefits $2,149,342
Fundraising Expenses $0
Program Expenses $2,923,603
Other Expenses $3,401,192
TOTAL EXPENSES $5,727,640

Year-over-Year Comparison

2023 2022 Change
Revenue $3,820,791 $4,556,964 -0.2%
Expenses $5,727,640 $7,607,353 -0.2%
Net Income $-1,906,849 $-3,050,389 -0.4%
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
4
Independent Members
1
Employees
87
Volunteers
150

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
3
$246,896
Total Directors
4
$56,934
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BARTH SECRETARY 44.00
Officer
$108,450 $4,086 $112,536
BEN ZIESEMER TREASURER 37.00
Officer
$76,296 $4,468 $80,764
TIM LEVENDUSKY PRESIDENT 37.00
Officer Director
$51,050 $2,546 $53,596
JOHN BECHTLE BOARD MEMBER 0.50
Director
$338 $1,000 $1,338
GIL BATES BOARD MEMBER 0.50
Director
$1,000 $0 $1,000
DAVID YORK BOARD MEMBER 0.50
Director
$1,000 $0 $1,000
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 $3,820,791 $5,727,640 $49,715,702 $-1,906,849
2022 $4,556,964 $6,958,079 $51,386,340 $-2,401,115
2021 $5,211,152 $6,077,664 $54,149,216 $-866,512
2021 $5,172,387 $6,051,771 $54,149,216 $-879,384
2020 $2,625,132 $5,302,939 $54,945,444 $-2,677,807
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