2024-05-09T18:58:46+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 362167792 The Moody Bible Institute of Chicago MOOD 3123294000 820 N LaSalle Blvd Chicago IL 606103284 Greg Thornton CFO 2024-05-10 true Greg Thornton 999009999 true Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z Mark Jobe 820 N LaSalle Blvd Chicago IL 606103284 159578496 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! 13 12 1779 20 369975 0 58465192 57235576 58537041 54027825 146293059 5397336 0 263295292 116660737 4738484 2573798 0 63653011 64383114 833777 722715 11107720 47431948 48862411 116657220 116542038 146638072 118699 517402862 531203812 181146623 178765240 336256239 352438572 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 53511761 2566065 28060806 Education: The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively. Number of Students (2022-2023 school year): Undergraduate School 1,628 Graduate School 592 50 states and the District of Columbia and 48 Countries are currently represented by international students throughout Moody. 11.1% Undergraduate students are international, and 12% Graduate students are international. 11.3% 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 Preaching, Biblical Languages, (Biblical Studies or Biblical Studies-Music Emphasis), Ministry to Women, (Missional Leadership-Nonprofit Management or Interdisciplinary), Pastoral Studies, 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, 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 Studies-Christian Counseling, Leadership, Missions, Ministry Entrepreneurship, Interdisciplinary), Biblical Preaching, Nonprofit Administration and Leadership, [Pastoral Studies], [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. 20169363 18957975 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 sixty 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 Five Love Languages" with over eleven 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. 18925301 5209299 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 69 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. 3976050 7733 1799745 Other Programs include our conference Ministries and various programs that support our mission. 3976050 7733 1799745 96582475 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 2327 0 true 1779 true true true false false false false false false false false true false false false X 13 12 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 Greg Thornton 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 290626 0 101136 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 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 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 William L Rogers TRUSTEE 2.0 X 0 0 0 Bruce Everhart VP and Chief Development Officer 38.8 X 156633 0 29446 Bryan L O'Neal VP (thru 12/2022) 38.8 X 103502 0 43006 David Wesley Ward VP, Moody Radio 38.8 X 139787 0 24842 Deborah A Zelinski VP, Human Resources 38.8 X 170143 0 20798 Dwight A Perry Senior VP and Dean of Education and Provost 38.8 X 134663 0 96914 Greg Thornton Chief Financial Officer 38.8 X 200957 0 34314 Healther Shalley VP (thru 5/2023) 38.8 X 130656 0 15494 James G Elliott VP, Stewardship 38.8 X 164028 0 25004 Janet A Stiven VP and General Counsel 38.8 X 184838 0 26345 John D Sauceda Chief Information Officer 38.8 X 145504 0 35871 Mark A Wagner Senior VP and Chief Operating Officer 38.8 X 233282 0 95 Michael A Rydelnik VP and Dean, Undergraduate School (beg. 12/2022) 38.8 X 72210 0 67501 Paul J Santhouse VP, Moody Publishers 38.8 X 147983 0 30984 Samuel S Choy VP, Chief Marketing Officer 38.8 X 174919 0 42580 William Washington VP and Dean of Student Life and Interim VP and Dean, Student Enrollment Services 38.8 X 74114 0 75155 Winfred O Neely VP and Dean, Moody Theological Seminary and Graduate School 38.8 X 125757 0 29662 Edgar Santiago treasurer 38.8 X 125428 0 10481 Karl J Clauson Radio Host 38.8 X 129329 0 34274 Linda M Wahr Controller 38.8 X 144399 0 20069 Pepi O Manieson IT Services 38.8 X 128246 0 36306 Timothy Sisk Professor 38.8 X 126641 0 21448 3303645 0 821725 52 false true false Bethany Press International 6820 W 115th Street Bloomington MN 55438 Printing 989000 Versa Press Inc 1465 Spring Bay Rd East Peoria IL 61611 Printing 960252 ARGUS TECHNOLOGIES LLC 560 5th Street NW Ste 100 Grand Rapids MI 49504 Website Design and Replatform 890966 DARWILL INC 11900 West Roosevelt Hillside IL 60162 Direct Mail marketing 851213 WESTSIDE MECHANICAL DESIGN BUILD LLC 2007 Corporate Lane Naperville IL 60563 Building contractor 776575 51 487900 56747676 1000462 57235576 Sales of Literature 900099 18359188 18359188 Tuition and Student Fees 900099 16491666 16491666 Auxilliary Services 900099 11569141 11569141 Other-Public Service 900099 7607830 7607830 0 0 0 0 54027825 7195822 369975 6825847 0 0 41119273 42917759 -1798486 0 -1798486 -1798486 0 0 0 0 0 116660737 54027825 369975 5027361 7733 7733 2566065 2566065 3429879 2228426 803656 397797 48472034 41546840 2643740 4281454 2416953 1886270 165132 365551 6881085 6004438 254272 622375 3183163 2732324 158392 292447 841438 500460 309966 31012 252621 252621 722715 722715 566497 566497 3725607 3350946 284050 90611 4783653 2701831 53281 2028541 3054500 2768319 13622 272559 5861541 3962427 1413267 485847 3972374 3972374 4462603 3903118 365590 193895 1494523 1126074 54107 314342 279221 175203 44479 59539 5216292 5100368 -88340 204264 875705 602790 160959 111956 Cost of Sales 4859726 4859726 Other Educational Expenses 983534 833222 61190 89122 Miscellaneous Expense 2677277 1341715 1143612 191950 Student Dining 1800735 1800735 3154564 2611071 191750 351743 116542038 96582475 8851843 11107720 X 1930796 1692297 83452 155047 2121355 92511 27259889 12157318 3975411 3816445 8195835 7975365 0 0 0 0 27664 23608 6335718 6108097 3606499 5099369 201374396 133591219 56382176 67783177 216564430 236128451 23167736 23909315 0 5321542 4985009 164444607 163125147 517402862 531203812 11667988 12605913 0 0 169478635 166159327 181146623 178765240 X 247434018 256675637 88822221 95762935 336256239 352438572 517402862 531203812 X 118699 11598000 4465634 X false true X true true true X 42364275 47120934 55269762 58465192 57235576 260455739 0 0 42364275 47120934 55269762 58465192 57235576 260455739 0 260455739 7142667 2233912 2129177 5052643 6825847 23384246 0 0 0 100113 0 100113 0 0 0 0 0 0 283940098 292812747 0.9173 0.9106 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 193390911 6591367 12193160 823892 5888475 205463071 105210467 116390738 -22848412 822356 4539526 193390911 50819232 42662931 13991823 964587 1298932 105210467 52525990 420210 153016 1003349 1276635 50819232 51142725 1320289 2212248 949926 1199346 52525990 0.7137 0.2442 0.0421 false false 8056213 8056213 131226336 93965273 37261063 34891110 27420411 7470699 27200737 12205535 14995202 67783177 Investments in land and buildings 255841 Investments other 904582 Other Assets 317892 Trust Holdings 161646832 163125147 Accrued Pens. & Postretirements Health Be 9052178 Annuity Contract Actuarial Reserve 25161323 Other Liabilities 69544 Trust Obligations 131876282 166159327 X 117111196 11598000 0 11598000 105513196 145390 11002151 11147541 116660737 116262962 0 0 116262962 145390 133686 279076 116542038 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, 2023 or 2022. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ENDOWMENT CONTRIBUTIONS - 6591367 OPERATING INVESTMENT INC VS NON-OPER - 4410784 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements asset retirement obligation - 133686 Sub-Saharan Africa 0 0 Pastor Training Public Service 84776 Central America and the Caribbean 0 0 Investments 208023 Europe (Including Iceland and Greenland) 0 0 Educational Public Service Study Abroad 246229 0 0 0 0 0 0 539028 0 539028 false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X true Pursuant Group PO BOX 203421 Plano TX 75320 Direct Mail false 11448482 397255 11051227 Dickerson Baker (Advocace) 1998 Hendersonville Rd23 Asheville NC 28803 Consultant false 317525 140127 177398 Roger Kemp & Co 31255 Cedar Val Westlake V CA 91362 Consulting false 100066 -100066 Master Media Product LLC 1075 Maxwell Mill Rd Fort Mill SC 29708 Consultant false 68824 -68824 Synergy Direct 480 W Tuscarawas Ste 307 Barberton OH 44203 Consultant false 16443 -16443 11766007 722715 11043292 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 2863 2566065 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 false false false false false false false false false Mark Jobe President & CEO 277278 0 11800 0 1548 0 24110 0 77026 0 391762 0 0 0 Greg Thornton Chief Financial Officer 193033 0 7924 0 0 0 12604 0 21710 0 235271 0 0 0 Mark A Wagner Senior VP and Chief Operating Officer 224365 0 8917 0 0 0 0 0 95 0 233377 0 0 0 Dwight A Perry Senior VP and Dean of Education and Provost 126812 0 7851 0 0 0 14805 0 82109 0 231577 0 0 0 Samuel S Choy VP, Chief Marketing Officer 167704 0 6687 0 528 0 12737 0 29843 0 217499 0 0 0 Janet A Stiven VP and General Counsel 177587 0 7251 0 0 0 13279 0 13066 0 211183 0 0 0 Deborah A Zelinski VP, Human Resources 163572 0 6571 0 0 0 11607 0 9191 0 190941 0 0 0 James G Elliott VP, Stewardship 157101 0 6399 0 528 0 11719 0 13285 0 189032 0 0 0 Bruce Everhart VP and Chief Development Officer 150453 0 6180 0 0 0 9830 0 19616 0 186079 0 0 0 John D Sauceda Chief Information Officer 137743 0 5729 0 2032 0 10492 0 25379 0 181375 0 0 0 Paul J Santhouse VP, Moody Publishers 141660 0 5795 0 528 0 10613 0 20371 0 178967 0 0 0 David Wesley Ward VP, Moody Radio 139787 0 0 0 0 0 0 0 24842 0 164629 0 0 0 Winfred O Neely VP and Dean, Moody Theological Seminary and Graduate School 120338 0 4809 0 610 0 9028 0 20634 0 155419 0 0 0 Pepi O Manieson IT Services 122666 0 5220 0 360 0 9004 0 27302 0 164552 0 0 0 Linda M Wahr Controller 138833 0 5566 0 0 0 8605 0 11464 0 164468 0 0 0 Karl J Clauson Radio Host 124109 0 5220 0 0 0 8683 0 25591 0 163603 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. X 57 472912 Other - average selling price X 1 500000 Other - Appraisal X Crops 7 27550 Other - selling price 65 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 Real estate - Commercial - 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 $ 3,976,050 including grants of $ 7,733)(Revenue $ 1,799,745) 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 - 1580183; Change in Value of Postretirement Health - 94751; Change in Value of Split Interest Agreements - 2790700; Charitable Unitrusts (121) 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