INSTITUTE FOR THE PUBLIC UNDERSTANDING OF THE BIBLE

EIN: 465690059 501(c)(3) Religion

Birmingham, AL

Total Revenue
$89,585
Total Expenses
$93,906
Total Assets
$65,441
Net Assets
$58,832
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
AL
Principal Officer
William E Wortman
Phone
2053178833
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR THE PUBLIC UNDERSTANDING OF THE BIBLE, founded in 2014, is a micro nonprofit in the Religion sector that reported $90K in total revenue in fiscal year 2023.

Mission

To engage non-believers / non-Christians in meaningful conversations about the bible and equip Christians to do the same through teaching and the development of videos, a podcast (the Divide) and other digital resources.

Program Service Accomplishments

Program 1
Expenses: $48,564 Revenue: $0

Digital Resource Development - During 2023, IPUB published a series of videos (5) responding to biblical scholar videos regarding the nature of Old Testament quotations in the New Testament writers...

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Digital Resource Development - During 2023, IPUB published a series of videos (5) responding to biblical scholar videos regarding the nature of Old Testament quotations in the New Testament writers. The organization also held and recorded workshops on Revelation, Daniel, Colossians, Habakkuk, and Acts with both in-person and online groups around Alabama and Tennessee. It also added over forty videos for the new the Daniel Reading Guide for the iPUB App. It also published a collection of interviews from our attendance at the American Atheist convention.

Program 2
Expenses: $21,852 Revenue: $0

Teaching, Events & Lectures - The Executive Director continued to teach three weekly workshops (10 - 15 people each) on Bible education. He led a seminar for teachers at Mountain Brook Community...

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Teaching, Events & Lectures - The Executive Director continued to teach three weekly workshops (10 - 15 people each) on Bible education. He led a seminar for teachers at Mountain Brook Community Church on the letter to the Colossians and conducted a monthly in-person and online seminar on the Book of the Revelation. IPUB published over a hundred videos for two online workshops on Bible education. iPUB also hosted an exhibitor table at the American Atheist convention in Phoenix, AZ where we had conversations with the non-believing community at the convention and in Phoenix.

Program 3
Expenses: $1,532 Revenue: $0

Guided Biblical Tours - The Executive Director spent time in 2023 planning and setting up a tour of Israel for about 17 people postponed to 2024. However, the trip had to be cancelled due to security...

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Guided Biblical Tours - The Executive Director spent time in 2023 planning and setting up a tour of Israel for about 17 people postponed to 2024. However, the trip had to be cancelled due to security concerns in Israel.

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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 $89,585
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $89,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,841
Fundraising Expenses $4,637
Program Expenses $71,948
Other Expenses $18,065
TOTAL EXPENSES $93,906

Year-over-Year Comparison

2023 2022 Change
Revenue $89,585 $93,648 0.0%
Expenses $93,906 $96,767 0.0%
Net Income $-4,321 $-3,119 +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
5
Independent Members
4
Employees
1
Volunteers
N/A

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
1
$78,400
Total Directors
5
$78,400
Key Employees
1
$78,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William E Wortman Executive Director & President of the Board 40
Officer Director Key Emp
$78,400 $0 $78,400
Peter Rosborough Board Director & Secretary 0
Director
$0 $0 $0
Alton Sizemore III Board Director & Treasurer 1
Director
$0 $0 $0
John Williamson Board Director 0
Director
$0 $0 $0
Ron Durham Board Director 0
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 No data No data No data No data
2023 $89,585 $93,906 $65,441 $-4,321
2022 $93,648 $96,767 $72,713 $-3,119
2021 $134,035 $84,517 $72,351 $49,518
2020 $81,370 $77,971 $32,370 $3,399
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