THE OPENED BIBLE ACADEMY

EIN: 464920062 501(c)(3) Religion

HOUSTON, TX

Total Revenue
$147,364
Total Expenses
$170,581
Total Assets
$200,580
Net Assets
$200,495
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
TX
Principal Officer
KAREN GIESEN
Phone
8328194622
Tax Period
2023-01-01 to 2023-12-31

THE OPENED BIBLE ACADEMY, founded in 2013, is a small nonprofit in the Religion sector that reported $147K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $171K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF THE OPENED BIBLE ACADEMY (OBA) IS TO OFFER EXCEPTIONAL BIBLICAL AND THEOLOGICAL EDUCATION TUITION-FREE TO ANYONE TO WHOM GOD HAS GIVEN THE DESIRE.

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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 $147,364
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $147,364

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,133
Fundraising Expenses $4,023
Program Expenses $136,538
Other Expenses $92,448
TOTAL EXPENSES $170,581

Year-over-Year Comparison

2023 2022 Change
Revenue $147,364 $224,636 -0.3%
Expenses $170,581 $158,107 +0.1%
Net Income $-23,217 $66,529 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
1
Volunteers
75

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
$71,875
Total Directors
11
$71,875
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB STEPHENS VICE PRESIDENT 18.80
Director
$0 $0 $0
RICK HALE BOARD MEMBER 8.50
Director
$0 $0 $0
KAREN GIESEN PRESIDENT 1.65
Officer Director
$0 $0 $0
JANELLA PYLES BOARD MEMBER 0.23
Director
$0 $0 $0
CHAD RANKIN BOARD MEMBER 0.31
Director
$0 $0 $0
AUBREY W COLBERT VICE PRESIDENT 0.31
Officer Director
$0 $0 $0
TINA BROWN SECRETARY 52.13
Officer Director
$71,875 $0 $71,875
AL THOMAS TREASURER 3.70
Officer Director
$0 $0 $0
EDMUNDO DE LA FUENTE BOARD MEMBER 0.23
Director
$0 $0 $0
FRANK CALLAWAY BOARD MEMBER 0.00
Director
$0 $0 $0
PENNY NOBLES BOARD MEMBER 0.64
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $147,364 $170,581 $200,580 $-23,217
2022 $224,636 $158,107 $224,891 $66,529
2021 $159,551 $140,189 $160,610 $19,362
2020 $285,148 $220,599 $139,916 $64,549
2019 $351,380 $286,582 $98,963 $64,798
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