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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Tuckman-Chang Vulnerability Assessment

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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 $81K in total revenue in fiscal year 2020. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $78K left a modest 4% surplus.

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.

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Trantor Score

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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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Financial Health Indicators

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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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