2022-11-14T07:02:49-08:00 2022-06-30 990 2021-07-01 362167792 The Moody Bible Institute of Chicago MOOD 3123294000 820 N LaSalle Blvd Chicago IL 60610 Greg Thornton CFO 2022-11-14 Greg Thornton 999009999 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Mark Jobe 820 N LaSalle Blvd Chicago IL 606103284 307651026 false X www.moodybible.org X 1887 IL MBI 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. Primary ministries include the Education branch, Moody Radio, and Moody Publishers. 12 11 1784 20 100113 55269762 58465192 59652991 58537041 36970725 146293059 477651 0 152371129 263295292 2781613 4738484 0 58800603 63653011 795745 833777 10570805 42978513 47431948 105356474 116657220 47014655 146638072 439700935 517402862 200769352 181146623 238931583 336256239 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 Publishers. false false 54756277 4730049 28641907 Education:The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively.Number of Students (2021-2022 school year): Undergraduate School 1,754 Graduate School 65750 states and the District of Columbia and 57 countries are represented in the undergraduate and graduate school. 7.1% Undergraduate students are international, and 3.2% 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, Intercultural StudiesAssociates Degrees: Biblical Studies, Children and Family Ministry, Intercultural StudiesBachelor of Science: Integrated Ministry Studies, (Ministry LeadershipChildren and Family Ministry, Disability Ministry, Leadership, Preaching, Ministry to Women), (Missionary Aviation TechnologyFlight or Maintenance), Biblical Studies, (Theological StudiesChristian Thought or Spiritual Formation), Theology and Cultural EngagementBachelor of Arts: Biblical Preaching, Biblical Languages, (Biblical Studies or Biblical StudiesMusic Emphasis), Ministry to Women, (Missional LeadershipNonprofit 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, Communications, (MusicMusic Ministry or Worship and Media Arts)These programs include the following emphases:Graduate Certificate in (Biblical Foundation, Biblical Studies, Biblical Spiritual Formation and Discipleship, Marriage, Family, and Couples Counseling, Ministry Leadership, Trauma-Informed Counseling, TESOL)Master of Arts in: Biblical Spiritual Formation and Discipleship, Ministry Leadership, (Ministry StudiesBiblical Preaching, Leadership, Missions, Pastoral Ministry, Ministry Entrepreneurship, Interdisciplinary), 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 PsychologyMaster of Divinity in: Biblical Preaching, Biblical Spiritual Formation and Discipleship, Interdisciplinary Studies, Ministry Leadership, Pastoral Studies, TESOL 20638439 21672530 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. 19365444 5218248 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, seven digital channels, a podcast network, and more than 1,500 outlets that carry its programming, reaching millions of listeners through terrestrial stations and digital platforms in both English and Spanish. Moody Radio addresses todays 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. 4068522 8435 3004356 98828682 true true false false false false false true false true true false false true true true true false false false true false false true false false false true true true false false false false false false false false true false false false false true false false false true 5308 0 true 1784 true true true false false false false false false 0 false false false true false false false X 12 11 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 Jobe President & CEO 38.75 0.00 X X 258627 0 92432 Mark A Wagner COO 38.75 0.00 X 217506 0 0 Greg Thornton CFO 38.75 0.00 X 187109 0 29915 Dwight A Perry Provost 38.75 0.00 X 108738 0 106999 Samuel S Choy CMO 38.75 0.00 X 165620 0 38783 Janet A Stiven Gen Counsel 38.75 0.00 X 172013 0 21936 Debbie A Zelinski Vice President 38.75 0.00 X 158517 0 17102 James G Elliott Vice President 38.75 0.00 X 153832 0 20793 John D Sauceda Vice President 38.75 0.00 X 139575 0 32242 Douglas W Hastings ret 222 Vice President 38.75 0.00 X 150254 0 19064 Bruce Everhart Vice President 38.75 0.00 X 143198 0 25500 Paul J Santhouse Vice President 38.75 0.00 X 138829 0 27507 Linda M Wahr Controller 38.75 0.00 134396 0 17301 Pepi O Manieson Dir Enterprise App 38.75 0.00 124778 0 26200 Ryan June Asst Gen Counsel 38.75 0.00 118959 0 30213 Karl J Clauson Radio Host 38.75 0.00 119585 0 24449 Daniel R Craig MR Program Mgr 38.75 0.00 116113 0 24214 Winfred O Neely Vice President 38.75 0.00 X 111800 0 23585 Heather Shalley Vice President 38.75 0.00 X 115779 0 17300 Bryan L O'Neal Vice President 38.75 0.00 X 83475 0 43176 William Washington Vice President 38.75 0.00 X 47939 0 69581 Richard E Warren Chairman 2.50 0.00 X X 0 0 0 Mark Flannery Vice Chairman 2.50 0.00 X X 0 0 0 T Randall Fairfax Trustee Sec 2.50 0.00 X X 0 0 0 Thomas Fortson AsstTrustee Sec 2.50 0.00 X X 0 0 0 Mike Fabarez Trustee 2.00 0.00 X 0 0 0 Orbelina Equizabal Trustee 2.00 0.00 X 0 0 0 Robert Seiffert Trustee 2.00 0.00 X 0 0 0 Julianna Slattery Trustee 2.00 0.00 X 0 0 0 Manuel J Gutierrez Trustee 2.00 0.00 X 0 0 0 James Meeks Trustee 2.00 0.00 X 0 0 0 Robert J Schuldt Trustee 2.00 0.00 X 0 0 0 David Wesley Ward 2722 Vice President 38.75 0.00 X 0 0 0 2966642 708292 36 false true false Staalsen Construction 3750 N Cicero Ave Chicago IL 60641 Building contractor 1814227 Bethany Press 6820 West 115th Street Bloomington MN 55438 Printing 1373597 Darwill 11900 West Roosevelt Hillside IL 60162 Direct Mail Mkting 1344495 Optiv Security Inc PO Box 28216 Network Place Chicago IL 60673 Manage Info Security 1101049 Versa Press 1465 Spring Bay Rd East Peoria IL 61611 Printing 1061598 45 5090166 53375026 1089608 58465192 Auxilliary Services 900099 11250868 11250868 Other-Public Service 900099 8565593 8565593 Sales of Literature 900099 21329541 21329541 Tuition and Student Fees 900099 17391039 17391039 58537041 5052643 74352 4978291 0 0 0 44177540 141418610 39258471 5097263 4919069 136321347 141240416 25761 141214655 0 0 0 0 263295292 58537041 100113 146192946 8435 8435 4730049 4730049 0 0 3049466 1882747 764058 402661 0 46499266 39274579 3028038 4196649 2557335 1975196 198705 383434 8415142 7294091 374451 746600 3131802 2688238 155836 287728 0 830666 494053 305998 30615 146063 146063 0 833777 833777 475283 475283 29015 29015 5102281 3913799 33552 1154930 2868141 2152455 189383 526303 4860886 4348206 226011 286669 4525155 4525155 4527883 4065506 369673 92704 1144920 826966 31315 286639 0 154591 97001 24626 32964 0 0 4686651 4582497 -79370 183524 881950 607089 162107 112754 Cost of Sales 4872784 4872784 Other Outside Services 4267732 3838553 325383 103796 Miscellaneous Expense 2248560 1126864 960483 161213 Student Dining 1704295 1704295 4105092 3315826 41421 747845 116657220 98828682 7257733 10570805 X 1953480 1712179 84432 156869 5816356 2121355 12572927 27259889 7133204 3975411 8090102 8195835 0 0 23727 27664 4632467 6335718 3482996 3606499 185561142 129178966 58166495 56382176 139359603 216564430 9878613 23167736 0 5658075 5321542 184886370 164444607 439700935 517402862 12937789 11667988 187831563 169478635 200769352 181146623 X 133393097 247434018 105538486 88822221 238931583 336256239 439700935 517402862 X 146638072 -40095506 -9217910 X false true X true true true X 43722616 42364275 47120934 55269762 58465192 246942779 0 0 43722616 42364275 47120934 55269762 58465192 246942779 0 246942779 7600377 7142667 2233912 2129177 5052643 24158776 100113 100113 0 271201668 302699091 0.91060 0.90280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 105210467 116390738 -22848412 822356 4539526 193390911 50819232 42662931 13991823 964587 1298932 105210467 52525990 420210 153016 1003349 1276635 50819232 51142725 1320289 2212248 949926 1199346 52525990 49006232 680902 3149863 820058 874215 51142724 0.74200 0.22500 0.03300 false false false 8056213 8056213 128095141 91427909 36667232 33416249 25728421 7687828 15993539 12022636 3970903 56382176 Investments in land and buildings 140840 Investments other 1830986 Other Assets 366925 Trust Holdings 162105856 164444607 Accrued Pens. & Postretirement Health Be 11302901 Annuity Contract Actuarial Reserve 28625776 Other Liabilities 351523 Trust Obligations 129198435 169478635 X 260116427 -40095506 37335810 -2759696 262876123 419169 419169 263295292 115848962 115848962 419169 389089 808258 116657220 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o Torah Scroll Part V, Line 4: Intended uses of the endowment fund. 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. Part X : FIN48 Footnote Income Taxes: 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, 2022 or 2021. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Endowment Gifts $-537007 Operating Investments Inc vs Non-Oper $37883036 Contributions to New Building $-10219 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Asset Retirement Obligation $-316230 Postretirement Health Expense $705319 Pension Expense $0 Sub-Saharan Africa 0 0 Pastor Training Public Service 31796 Carribean 0 0 Investment 150248 Europe 0 0 Educational Public Service Study Abroad 38020 220064 220064 true false true false false false Part I, Line 3f - Method of Accounting We use accrual based accounting for these entries. X X X X X X X true Pursuant Group PO Box 203421 Plano TX 75320 Direct mail false 9996791 440499 9556292 Dickerson BakerAdvocace 1998 Hendersonville Rd23 Asheville NC 28803 Consultant false 100026 148150 Roger Kemp & Co 31255 Cedar Val Westlake V CA 91362 Consulting false 108000 Master Media Product LLC 1075 Maxwell Mill Rd Fort Mill SC 29708 Consultant false 101613 Synergy Direct 480 W Tuscarawas Ste 307 Barberton OH 44203 Consultant false 22071 Info Cision PO Box 72436 Cleveland OH 44192 Calling Donors false 74574 13445 61129 false false false false 10171391 833778 9617421 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY KY true Far East Broadcasting Company 15700 Imperial Hwy La Mirada CA 90638 5040 0 General Purposes 1 0 Scholarships to students 2874 4730049 N/A Grantmaker's Description of How Grants are Used 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.This year's total was higher than normal due to funds from the CARES ACT. X X true true X X X X false false false false false false false false false Bruce Everhart Vice President 143198 6795 18705 168698 Debbie A Zelinski Vice President 158517 8429 8673 175619 Douglas W Hastings ret 222 Vice President 149462 792 6829 12235 169318 Dwight A Perry Provost 108738 10391 96608 215737 Greg Thornton CFO 187109 8712 21203 217024 James G Elliott Vice President 153316 516 8208 12585 174625 Janet A Stiven Gen Counsel 172013 9301 12635 193949 John D Sauceda Vice President 136527 3048 7349 24893 171817 Linda M Wahr Controller 134396 6201 11100 151697 Mark A Wagner COO 217506 217506 Mark Jobe President & CEO 256305 2322 15939 76493 351059 Paul J Santhouse Vice President 138037 792 7434 20073 166336 Pepi O Manieson Dir Enterprise App 124778 6784 19416 150978 Samuel S Choy CMO 164828 792 9102 29681 204403 Part I, Line 1a: Relevant information in regards to selections on 1a. 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.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. The President has Housing in this column. 1 30000 Donor purchase 62 1029541 Quoted prices Crops 4 29712 Sales price Coins 1 355 Value 67 false true false Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: 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: Form 990 Review Process 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: Explanation of Monitoring and Enforcement of Conflicts 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: Compensation Review & Approval Process - CEO, Top Management 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: Compensation Review and Approval Process for Officers and Key Employees See note under compensation for CEO and top executives. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Audited Financial Statements and 990s and 990Ts 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. Other Changes In Net Assets Or Fund Balances - Other Decreases Change in Value of Pension Obligation = -$6300271 Other Changes In Net Assets Or Fund Balances - Other Increases Change in Value of Postretirement Health = $1881306 Other Changes In Net Assets Or Fund Balances - Other Decreases Change in value of Split Interest Agreements = -$4798945 Charitable Unitrusts 126 820 N LaSalle Chicago IL 60610 trusts IL MBI T false Pooled Income Fund 1 820 N LaSalle Chicago IL 60610 trusts IL MBI T false false false false false false false false false false false false false false false false false false false false