Biblical Education By Extension Inc

EIN: 742752161 501(c)(3) Religion

Colorado Springs, CO

Total Revenue
$3,974,117
Total Expenses
$3,865,546
Total Assets
$2,298,554
Net Assets
$2,058,881
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
TX
Principal Officer
David Semmelbeck
Phone
7194885837
Tax Period
2019-01-01 to 2019-12-31

Biblical Education By Extension Inc, founded in 1995, is a community nonprofit in the Religion sector that reported $4.0M in total revenue in fiscal year 2019.

Mission

Provide biblical education & discipleship training for pastors/lay leaders throughout the world.

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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 (2019)

Revenue Breakdown

Contributions & Grants $3,819,480
Program Service Revenue $127,411
Investment Income $20,026
Other Revenue $7,200
TOTAL REVENUE $3,974,117

Expense Breakdown

Grants Paid $211,291
Salaries & Benefits $2,098,239
Fundraising Expenses $353,472
Program Expenses $3,021,927
Other Expenses $1,556,016
TOTAL EXPENSES $3,865,546

Year-over-Year Comparison

2019 2018 Change
Revenue $3,974,117 $4,163,809 0.0%
Expenses $3,865,546 $3,705,838 +0.0%
Net Income $108,571 $457,971 -0.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
8
Employees
41
Volunteers
9

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
$275,901
Total Directors
11
$232,942
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Al Bridges Part-year Chairman Board Member & Advisor 40.00
Officer Director
$72,613 $36,000 $108,613
David Semmelbeck President 40.00
Officer Director
$52,066 $54,263 $106,329
Sandra Heritage-Culbertson Corporate Secretary 40.00
Officer
$55,260 $5,699 $60,959
Joseph Dillow Board Member 10.00
Director
$6,000 $12,000 $18,000
James Bobo Chairman of the Board 1.00
Officer Director
$0 $0 $0
James Gressett Board Member 2.00
Director
$0 $0 $0
William Black Board Member 1.00
Director
$0 $0 $0
Jack Kulp Board Member 1.00
Director
$0 $0 $0
Barry McCall Board Member 1.00
Director
$0 $0 $0
Norm Miller Board Member 1.00
Director
$0 $0 $0
Roy Christians Board Member 1.00
Director
$0 $0 $0
Jonathan Kim Board Member 1.00
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
2019 $3,974,117 $3,865,546 $2,298,554 $108,571
2018 $4,163,809 $3,705,838 $2,160,515 $457,971
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