Clear Bible Inc

EIN: 812408473 501(c)(3) Religion

Grandville, MI

Total Revenue
$78,050
Total Expenses
$3,137,569
Total Assets
$74,719
Net Assets
$73,105
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MI
Principal Officer
Alexandru Mosoiu
Tax Period
2023-01-01 to 2023-12-31

Clear Bible Inc, founded in 2016, is a micro nonprofit in the Religion sector that reported $78K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 3920% operating deficit.

Mission

Clear Bible works with various partners to create specialized, user-driven practical solutions to removing barriers to translating the Bible faster and better. In August 2023, the people and technology of Clear were absorbed by Biblica, to continue on the mission-see Sch O

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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 $89,250
Program Service Revenue $0
Investment Income $-12,285
Other Revenue $1,085
TOTAL REVENUE $78,050

Expense Breakdown

Grants Paid $103,656
Salaries & Benefits $767,403
Fundraising Expenses $62,172
Program Expenses $2,210,620
Other Expenses $2,247,547
TOTAL EXPENSES $3,137,569

Year-over-Year Comparison

2023 2022 Change
Revenue $78,050 $3,926,167 -1.0%
Expenses $3,137,569 $2,828,197 +0.1%
Net Income $-3,059,519 $1,097,970 -3.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
8
Volunteers
5

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
$94,347
Total Directors
6
$78,461
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexandru Mosoiu CEO 32.00
Officer
$71,734 $22,613 $94,347
John Sawyer CEO through Aug 2023 40.00
Director
$78,461 $0 $78,461
Tom Sudyk Board Member 1.00
Director
$0 $0 $0
Alex Mathew Board Member 0.25
Director
$0 $0 $0
John Hanger Board Member 1.33
Director
$0 $0 $0
Jeannette Taylor Board Chair Secretary 2.00
Officer Director
$0 $0 $0
Craig Witcher Board Treasurer 1.00
Officer 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 $78,050 $3,137,569 $74,719 $-3,059,519
2022 $3,926,167 $2,828,197 $3,157,635 $1,097,970
2021 $2,394,395 $1,458,950 $2,145,245 $935,445
2020 $252,093 $1,301,609 $1,273,121 $-1,049,516
2019 $1,210,083 $658,838 $2,222,146 $551,245
2018 $1,880,134 $445,917 $1,653,941 $1,434,217
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