2025-04-01T16:33:19+00:00 2024-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-07-01 362167792 The Moody Bible Institute of Chicago MOOD 3123294000 820 N LaSalle Blvd Chicago IL 606103284 Maggie Martenson CFO 2025-04-01 true Jennifer Burke P01342224 3128997000 2025-04-01 2023 2025-03-06 01:10:19Z Mark Jobe 820 N LaSalle Blvd Chicago IL 606103284 249043070 false X www.moodybible.org X 1887 IL Moody exists to proclaim the gospel and equip people to be biblically grounded, practically trained, and to engage the world through gospel-centered living. In short, we prepare people for their purpose and calling! 14 13 1830 19 489786 41316 57235576 59541565 54027825 51042225 5397336 8710508 0 116660737 119294298 2573798 2632169 0 64383114 70110633 722715 893327 12052694 48862411 53158211 116542038 126794340 118699 -7500042 531203812 549888224 178765240 180800801 352438572 369087423 X Moody Bible Institute is a higher education and media ministry that exists to equip people with the truth of God's word to be maturing followers of Christ who are making disciples around the world. Moody is best known for its education branch, which includes a fully accredited undergraduate school and seminary, as well as distance learning. Other primary ministries include Moody Radio and Moody Publisher. false false 57552281 2632169 25676859 Education: The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively. Number of Students (2023-2024 school year): Undergraduate School 1,871 Graduate School 767 50 states and the District of Columbia and 49 Countries are currently represented by international students throughout Moody. 7% Undergraduate students are international, and 5% Graduate students are international. 6% of students are international, between both Undergraduate and Graduate students. These following majors or emphases are offered: Undergraduate Certificates: Ministry Leadership, Ministry to Women, Biblical Studies, Children and Family Ministry, Disability Ministry, Human Services, Intercultural Studies and Worship Leading. Associate degrees: Biblical Studies, Children and Family Ministry, Human Services and Intercultural Studies. Bachelor of Science Degrees: Integrated Ministry Studies, (Ministry Leadership -Children and Family Ministry, Disability Ministry, Human Services, Leadership, Ministry to Women, Preaching), (Missionary Aviation Technology -Flight or Maintenance), Biblical Studies, (Theological Studies -Christian Thought or Spiritual Formation), Cultural Engagement. Bachelor of Arts Degrees: Biblical Languages, (Biblical Studies or Biblical Studies-Music Emphasis), Ministry to Women, (Missional Leadership-Nonprofit Management or Interdisciplinary), Pastoral Studies, PASTORAL STUDIES - BIBLICAL PREACHING, Youth Ministry, Theology, Children and Family Ministry, Elementary Education with Association of Christian Schools International Certification, Human Services, Applied Linguistics, Intercultural Studies, Jewish Studies, Ministry to Victims of Sexual Exploitation, TESOL (Teaching English to Speakers of Other Languages), Communications, (Music -Music Ministry or Worship and Media Arts). These programs include the following emphases: GRADUATE CERTIFICATE IN BIBLICAL PREACHING, BIBLICAL SPIRITUAL FORMATION AND DISCIPLESHIP, CHRISTIAN COMMUNITY DEVELOPMENT, CHRISTIAN COUNSELING, MINISTRY LEADERSHIP, NONPROFIT ADMINISTRATION AND LEADERSHIP, TESOL, BIBLICAL FOUNDATION, BIBLICAL LANGUAGES - NEW TESTAMENT OR OLD TESTAMENT, BIBLICAL STUDIES, NEW TESTAMENT STUDIES, OLD TESTAMENT STUDIES, THEOLOGICAL STUDIES, MARRIAGE, FAMILY, AND COUPLES COUNSELING AND TRAUMA-INFORMED COUNSELING. MASTER OF ARTS IN: BIBLICAL SPIRITUAL FORMATION AND DISCIPLESHIP, MINISTRY LEADERSHIP, (MINISTRY STUDIES CHRISTIAN COUNSELING, LEADERSHIP, MISSIONS, MINISTRY ENTREPRENEURSHIP, INTERDISCIPLINARY), NONPROFIT ADMINISTRATION AND LEADERSHIP, [PASTORAL STUDIES - BIBLICAL PREACHING, PASTORAL MINISTRY, OR ADVANCED TRACK], [TESOL], [BIBLICAL AND THEOLOGICAL STUDIES], [BIBLICAL STUDIES], CLINICAL MENTAL HEALTH COUNSELING, (-MARRIAGE, FAMILY, AND COUPLE COUNSELING, TRAUMA-INFORMED COUNSELING), COUNSELING PSYCHOLOGY. Master of Divinity in: Biblical Preaching, Biblical Spiritual Formation and Discipleship, Interdisciplinary Studies, Ministry Leadership, Nonprofit Administration and Leadership, Pastoral Studies, TESOL. MASTER OF THEOLOGICAL STUDIES - NEW TESTAMENT, MASTER OF THEOLOGICAL STUDIES - OLD TESTAMENT DOCTOR OF MINISTRY - BIBLICAL PREACHING 22787907 0 5161784 Moody Radio is one of the oldest Christian radio and media networks in the U.S., having aired its first broadcast in 1926 in Chicago. Respected as an industry leader and a trusted voice, Moody Radio has 70 full power stations and translators, 19 digital channels, a podcast network, and more than 1,800 outlets that carry its programming, reaching millions of listeners through terrestrial stations and digital platforms in both English and Spanish. Moody Radio addresses today's issues from a biblical worldview and helps listeners take the next step in their journey with Jesus Christ by creating and delivering practical and life-changing content, so that our listeners become Biblically grounded, practically trained, and able to engage the world through Gospel-centered living. For more information about Moody Radio, please visit www.moodyradio.org. 20624567 0 18629056 Publishing: The mission of Moody Publishers (MP) is to resource the Church's work of discipling all people. Its vision is for readers to know, love, and serve Jesus Christ. In doing so, MP provides resources for MBI to train future Christian leaders. Each year MP seeks to add approximately 50 new titles to its collection, which now includes more than 1,300 titles in print. The most successful publications are from MP authors Gary Chapman, Nancy Demoss Wolgemuth, John MacArthur, and A.W. Tozer. Gary Chapman is the author of the #1 New York Times Bestseller "The 5 Love Languages" with over Twenty million copies sold. Nancy Demoss Wolgemuth is the host and teacher for the Moody Radio Daily Program, Revive our Hearts. John MacArthur is pastor-teacher of Grace Community Church in California and host and teacher of Moody Radio daily program Grace to you. 4615463 0 1574526 Other Programs include our conference Ministries and various programs that support our mission. 4615463 1574526 105580218 true true false false false false true false true true false false true true true true false false false true false false true false false false false true true false false false false false false false false true false false false false true false false false true 4429 0 true 1830 true true true false false false false false false false false true false false false X 14 13 false false false false false false false true true false false true true true true true true true true false CA IL IN MD X X Maggie Martenson 3123294000 820 N Lasalle Blvd Chicago IL 606103284 Mark Flannery Vice Chairman 2.5 X X 0 0 0 Mark Jobe President & CEO 38.8 X X 286766 0 98641 Richard E Warren Chairman 2.5 X X 0 0 0 T Randall Fairfax Trustees Secretary 2.5 X X 0 0 0 Thomas Fortson First Assistant Secretary (Thru 5/2024) 2.5 X X 0 0 0 James Meeks Trustee 2.0 X 0 0 0 Julianna Slattery Trustee 2.0 X 0 0 0 Karen Melby Suwyn Trustee (Begin 10/2023) 2.0 X 0 0 0 Manuel J Gutierrez Trustee 2.0 X 0 0 0 Mike Fabarez Trustee 2.0 X 0 0 0 Orbelina Eguizabal Escobar Trustee 2.0 X 0 0 0 Robert J Schuldt Trustee 2.0 X 0 0 0 Robert Seiffert Trustee 2.0 X 0 0 0 Timothy T Bush Trustee (Begin 05/2024) 2.0 X 0 0 0 William L Rogers TRUSTEE 2.0 X 0 0 0 Bruce A Everhart VP and Chief Development Officer 38.8 X 156304 0 31014 David Wesley Ward VP, Moody Radio 38.8 X 160100 0 36368 Deborah A Zelinski VP, Human Resources 38.8 X 170116 0 22906 Dwight A Perry Senior VP and Dean of Education and Provost 38.8 X 127365 0 101227 Greg Thornton Chief Financial Officer 38.8 X 200504 0 35598 James G Elliott VP, Stewardship 38.8 X 161850 0 33038 Janet A Stiven VP and General Counsel 38.8 X 183732 0 28316 John D Sauceda Chief Information Officer 38.8 X 143173 0 33536 Mark A Wagner Senior VP and Chief Operating Officer 38.8 X 233346 0 287 Michael A Rydelnik VP and Dean, Undergraduate School 38.8 X 76170 0 77558 Paul J Santhouse VP, Moody Publishers 38.8 X 147841 0 30722 Samuel S Choy VP, Chief Marketing Officer 38.8 X 175069 0 43874 William Washington VP and Dean of Student Life and Interim VP and Dean, Student Enrollment Services 38.8 X 96731 0 89809 Winfred O Neely VP and Dean, Moody Theological Seminary and Graduate School 38.8 X 94269 0 57524 Douglas J Murphy Dean of Operations and Strategic Educational Initiatives 38.8 X 125001 0 38087 Joseph Brian Tucker Seminary Dean of Faculty & Professor 38.8 X 102854 0 37344 Karl J Clauson Radio Host 38.8 X 128648 0 37991 Pepi O Manieson IT Services 38.8 X 127957 0 43595 Randall Payleitner Vice President of Moody Publishers 38.8 X 124485 0 41254 Bryan L O'Neal VP (thru 12/2022) 0.0 X 128106 0 0 3150387 0 918689 54 true true false WESTSIDE MECHANICAL DESIGN BUILD LLC 2007 Corporate Lane Naperville IL 60563 Building contractor 5289073 ARGUS TECHNOLOGIES LLC 560 5th Street NW Ste 100 Grand Rapids MI 49504 Website Design and Replatform 2057273 EXECUTIVE CONSTRUCTION INC 235 Fencl Lane Hillside IL 60162 Building Contractors 1735354 Bethany Press International 6820 W 115th Street Bloomington MN 55438 Printing 1113635 Versa Press Inc 1465 Spring Bay Rd East Peoria IL 61611 Printing 1026973 41 59541565 645069 59541565 Sales of Literature 900099 18112266 18112266 Tuition and Student Fees 900099 14418568 14418568 Auxilliary Services 900099 11258291 11258291 Other-Public Service 900099 7253100 7253100 0 0 0 0 51042225 8626317 490216 8136101 0 0 129432940 400023 129568426 180346 -135486 219677 84191 -430 84621 0 0 0 0 0 119294298 51042225 489786 8220722 2632169 2632169 3625807 2315441 873976 436390 51724421 45022052 2246071 4456298 2668888 2106105 156918 405865 8649225 7626100 234821 788304 3442292 2954752 171286 316254 554477 329785 204256 20436 257380 257380 893327 893327 494226 494226 4885538 4394230 372486 118822 5554064 3136963 61862 2355239 2939084 2663717 13107 262260 6725753 4546638 1621636 557479 3841570 3841570 7303812 6388120 598350 317342 1592516 1199908 57655 334953 313912 196971 50005 66936 5520782 5360146 49028 111608 953660 656450 175288 121922 Cost of Sales 4494448 4494448 Miscellaneous Expense 3182142 1594727 1359268 228147 Student Dining 1889343 1889343 Other Educational Expenses 1674835 1418872 104199 151764 980669 811711 59610 109348 126794340 105580218 9161428 12052694 X 2198134 1926612 95007 176515 92511 532751 12157318 32609821 3816445 4939539 7975365 8939075 0 0 0 0 23608 0 6108097 5834503 5099369 4113784 242795837 138218351 67783177 104577486 236128451 196738975 23909315 20480313 0 4985009 4648476 163125147 166473501 531203812 549888224 12605913 15005674 0 0 166159327 165795127 178765240 180800801 X 256675637 260613543 95762935 108473880 352438572 369087423 531203812 549888224 X -7500042 19871891 4277002 X false true X true true true X 47120934 55269762 58465192 57235576 59541565 277633029 0 0 47120934 55269762 58465192 57235576 59541565 277633029 0 277633029 2233912 2129177 5052643 6825847 8136101 24377680 0 0 100113 0 41316 141429 0 0 0 0 0 0 302152138 278986444 0.9189 0.9173 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 205463071 3515563 22542382 1084261 30817499 199619256 193390911 6591367 12193160 823892 5888475 205463071 105210467 116390738 -22848412 822356 4539526 193390911 50819232 42662931 13991823 964587 1298932 105210467 52525990 420210 153016 1003349 1276635 50819232 0.6632 0.2704 0.0664 false false 8016213 8016213 139683157 96305863 43377294 39944448 29412729 10531719 55152019 12499759 42652260 104577486 Investments in land and buildings 603 Investments other 1425406 Other Assets 318419 Trust Holdings 164729073 166473501 Accrued Pens. & Postretirements Health Be 9003091 Annuity Contract Actuarial Reserve 22717669 Other Liabilities 724191 Trust Obligations 133350176 165795127 X 119907291 19871891 15667 19887558 100019733 225404 19049161 19274565 119294298 127572886 1003950 1003950 126568936 225404 0 225404 126794340 Schedule D, Part III, Line 1a Collections of art - financial statement footnote Torah Scroll Schedule D, Part V, Line 4 Intended uses of endowment funds Permanently restricted endowment has been given for basically three purposes: Operating expenses of the Institute including maintenance of certain buildings, Scholarships for students, and endowed faculty chair. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Institute has received a determination letter from the Internal Revenue Service indicating that the Institute has been recognized as tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the Institute has had no significant unrelated business income. The Institute follows guidance issued by the Financial Accounting Standards Board (FASB) with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Institute recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Institute has no amounts accrued for interest or penalties as of June 30, 2024 or 2023. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Other changes - 15667 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ENDOWMENT CONTRIBUTIONS - 3515563 OPERATING INVESTMENT INC VS NON-OPER - 15533598 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 ASSET RETIREMENT OBLIGATION - 1003950 Sub-Saharan Africa 0 0 Pastor Training Public Service 100570 Europe (Including Iceland and Greenland) 0 0 Educational Public Service Study Abroad 101356 0 0 0 0 0 0 201926 0 201926 false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X true Allegiance Fundraising Group LLC dba Alliance Group PO Box 790379 St Louis MO 63179 Direct mail, online, phone and print services and data analytics false 14649556 347323 14302233 Dickerson Bakker & Assoc LLC PO Box 98685 Raleigh NC 27624 Consulting false 313637 89046 224591 RK Media 4540 Thousand Oaks Blvd 200 Westlake Village CA 91362 Consulting false 166226 -166226 MME Products LLC 1075 Maxwell Mill Road Fort Mill SC 29708 Phone services and consulting false 52622 -52622 Synergy Direct Marketing Solutions LLC 3867 West Market St 260 Akron OH 44333 Phone services false 11426 -11426 Nextafter LLC 5810 Tennyson Parkway Suite 102 Plano TX 75024 Digital marketing Consulting false 123768 226684 -102916 15086961 893327 14193634 CA CO CT DE DC FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SC SD TN TX UT VT VA AR WA WV WI WY true Scholarships to students 2478 2632169 N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Scholarships are granted to deserving students based on the terms of the grant establishing the particular scholarship fund. For example, some scholarships are available only to students in the Missions Department, or Music majors, etc., while some scholarships funds can be given to any student who can show a need. Scholarships and grants are placed on student receivable accounts except in a few exceptional cases. If there is a credit balance left on the student account no amounts are refunded until any unused scholarships or grants are reversed. X X true true X X X X true false false false false false false false false Mark Jobe President & CEO 286766 0 0 0 0 0 21619 0 77022 0 385407 0 0 0 Bryan L O'Neal VP (thru 12/2022) 3175 0 0 0 124931 0 0 0 0 0 128106 0 0 0 Deborah A Zelinski VP, Human Resources 170116 0 0 0 0 0 12037 0 10869 0 193022 0 0 0 Dwight A Perry Senior VP and Dean of Education and Provost 127365 0 0 0 0 0 14809 0 86418 0 228592 0 0 0 John D Sauceda Chief Information Officer 143173 0 0 0 0 0 10495 0 23041 0 176709 0 0 0 James G Elliott VP, Stewardship 161850 0 0 0 0 0 11722 0 21316 0 194888 0 0 0 Greg Thornton Chief Financial Officer 200504 0 0 0 0 0 12442 0 23156 0 236102 0 0 0 Paul J Santhouse VP, Moody Publishers 147841 0 0 0 0 0 10616 0 20106 0 178563 0 0 0 Janet A Stiven VP and General Counsel 183732 0 0 0 0 0 13283 0 15033 0 212048 0 0 0 Bruce A Everhart VP and Chief Development Officer 156304 0 0 0 0 0 9704 0 21310 0 187318 0 0 0 Samuel S Choy VP, Chief Marketing Officer 175069 0 0 0 0 0 12867 0 31007 0 218943 0 0 0 Mark A Wagner Senior VP and Chief Operating Officer 233346 0 0 0 0 0 0 0 287 0 233633 0 0 0 Winfred O Neely VP and Dean, Moody Theological Seminary and Graduate School 94269 0 0 0 0 0 9602 0 47922 0 151793 0 0 0 William Washington VP and Dean of Student Life and Interim VP and Dean, Student Enrollment Services 96731 0 0 0 0 0 12257 0 77552 0 186540 0 0 0 David Wesley Ward VP, Moody Radio 160100 0 0 0 0 0 5906 0 30462 0 196468 0 0 0 Michael A Rydelnik VP and Dean, Undergraduate School 76170 0 0 0 0 0 9497 0 68061 0 153728 0 0 0 Pepi O Manieson IT Services 127957 0 0 0 0 0 9713 0 33882 0 171552 0 0 0 Karl J Clauson Radio Host 128648 0 0 0 0 0 9778 0 28213 0 166639 0 0 0 Douglas J Murphy Dean of Operations and Strategic Educational Initiatives 125001 0 0 0 0 0 9185 0 28902 0 163088 0 0 0 Randall Payleitner Vice President of Moody Publishers 124485 0 0 0 0 0 9359 0 31895 0 165739 0 0 0 Schedule J, Part I, Line 1a Travel for companions The Institute has covered some spousal travel for officers to donor events. The Institute has requested that the president's wife travel with him. The travel is considered non-taxable to specific functions where the spouse would be expected and/or required to attend. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Housing allowance is paid to certain ordained employees within the Education division. For this Housing Allowance the employee is considered self-employed and is responsible to pay self-employed Social Security and Medicare taxes (SECA) unless they apply for exemption from self-employment tax. The housing allowance appears in non-taxable benefits. Schedule J, Part I, Line 4a Severance or change-of-control payment DURING CALENDAR YEAR 2023, BRYAN L O'NEAL RECEIVED SEVERANCE PAYMENTS FROM THE FILING ORGANIZATION TOTALING $124,931. THIS AMOUNT WAS TREATED AS TAXABLE COMPENSATION AND IS INCLUDED IN FORM 990, SCHEDULE J, PART II, COLUMN B(III). X 1 250000 Other - Market quote X 54 350117 Other - average selling price X Crops 3 44952 Other - selling price 1 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - the amounts indicated in col(b) on Schedule M are the number of contributions of each item Other - Crops the amounts indicated in col(b) on Schedule M are the number of contributions of each item Boats and planes - the amounts indicated in col(b) on Schedule M are the number of contributions of each item Form 990, Part III, Line 4d Description of other program services (Expenses $ 4,615,463 including grants of $ 0)(Revenue $ 1,574,526) Other Programs include our conference Ministries and various programs that support our mission. Form 990, Part VI, Line 1a Explanation of Delegated Broad Authority to Committee Article IX, Section 1 of the By-Laws provides that there shall be an executive committee with broad authority to act on behalf of the governing body during the intervals between meetings of the Board of Trustees. The executive committee shall consist of not less than three nor more than seven members of the Board of Trustees, who shall at the meeting of Trustees at which officers of the Corporation are elected for the ensuing year, be elected by the affirmative vote of a majority of the entire Board of Trustees, for the same term for which officers are elected, subject to removal at any time by the affirmative vote of two-thirds of the Trustees. Form 990, Part VI, Line 11b Review of form 990 by governing body The 990 is reviewed by the Audit Committee of the Board of Trustees. The Audit Committee reports to the board its findings. The entire board is also presented with a copy. This happens prior to the return being filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy All officers, trustees and key employees complete a conflict of interest questionnaire each year. These questionnaires are reviewed by our General Counsel and action is taken if conflicts need to be resolved. we would take steps to make sure any transaction where there are potential conflicts are at arm's length and the affected officers, trustees, and key employees are not involved in the decision-making process. Form 990, Part VI, Line 15a Process to establish compensation of top management official Several years prior, consultants were used to establish benchmarks for officer salary levels. Since 2009 Moody has annually reviewed the 990 salary information of comparable institutions to set benchmarks for this purpose. Information is accessed for the following positions: President, COO, CFO, Chief Educational Officer and Chief Development Officer. we typically look at 7-10 higher education institutions, some of which are competitors to Moody. We choose institutions of comparable mission and size (based upon total expenses). We look at 3-4 parachurch organizations as well. This data is used as a salary administration benchmark. To increase its applicability, the data is adjusted for cost of living differences (based upon the location of the other institutions) in relation to the cost of living in the greater Chicago area. Following this analysis, which is provided for review by the Compensation Committee of the Board in the fall of each calendar year, the President's salary increase recommendations are based upon Institute salary guidelines for the fiscal year (which reflect trends in national average salary increases) and upon job performance. The Compensation Committee can either approve or disapprove the President's recommendations. Increases for officers and other key employees are scheduled for November of each year, so that the financial condition and performance of the institution at the close of the prior fiscal year can be taken into account. The President's salary increase is scheduled at the same time and is set by the Board (in the context of the data provided and the current fiscal year salary guidelines for the Institute). Form 990, Part VI, Line 15b Process to establish compensation of other employees See note under compensation for CEO and top executives. Form 990, Part VI, Line 19 Required documents available to the public Audited Financial Statements and Forms 990 are available on our website as well as through the mail by request. We also make available upon request our By- Laws and Conflict of Interest Policy. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value of Pension Obligation - -385101; Change in Value of Postretirement Health - 434188; Change in Value of Split Interest Agreements - 4212248; Other changes - 15667; Charitable Unitrusts (136) 820 N LaSalle Chicago IL 60610 trusts IL MBI Trust 0 0 0 false POOLED INCOME FUND (1) 820 N LASALLE CHICAGO IL 60610 TRUSTS IL MBI Trust 0 0 0 false false false false false false false false false false false false false false false false false false false false