2020-11-18T05:06:46-08:00 2020-06-30 990 2019-07-01 362167792 The Moody Bible Institute of Chicago MOOD 3123294000 820 N LaSalle Blvd Chicago IL 60610 Greg Thornton CFO 2020-11-18 2019 2021-01-29 14:40:06Z Mark Jobe 820 N LaSalle Blvd Chicago IL 606103284 131209164 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. 13 12 2035 20 -219033 -174859 42364275 47120934 64868528 55745402 6123926 5197298 1018741 943436 114375470 109007070 1968282 3048500 0 63353488 63859229 829575 909962 10588895 48776136 44665088 114927481 112482779 -552011 -3475709 339786632 328644002 182616631 177852913 157170001 150791089 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 54194898 3036863 28568628 Education:The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively.Number of Students (2019-2020 school year): Undergraduate School 2,161 Graduate School 70950 states and the District of Columbia and 60 countries are represented in the undergraduate and graduate school. International students are 8.5% of the total.The following Undergraduate certificate and degrees are offered at MBI: Certificate, Associates, Bachelor of Arts, Bachelor of Science and Bachelor of Music. The following majors or emphases are offered: Biblical Leadership, Biblical Studies, Biblical Languages, Biblical Preaching, Applied Linguistics, Jewish Studies, Urban Ministries, Ministry to Women, Ministry to Victims of Sexual Exploitation, Elementary Education, Human Services, Youth Ministry, Childrens Ministry, TESOL, Communications, Missionary Aviation and Technology, Pastoral Studies, Evangelism and Discipleship, Music and Worship, Theology, Intercultural Ministries, Ministry Leadership, Theology and Cultural Engagement, Theological Studies.The following Graduate certificate and degree programs are offered at MBI (Moody Theological Seminary & Moody Bible Institute Distance Learning): Graduate Certificate, Masters, Master of Arts and Master of Divinity. These programs include the following emphases: Graduate Certificate (in Ministry Leadership, Biblical Studies, Vocational Stewardship, Spiritual Formation and Discipleship, Biblical Foundation, Intercultural and Urban Studies); Master of Arts [Biblical Studies], Master of Arts [Intercultural and Urban Studies], Master of Arts [Intercultural and Urban Studies - TESOL], Master of Arts in Spiritual Formation/Discipleship, Master of Arts in Counseling Psychology, Master of Arts in Biblical Exposition, Master of Arts in Ministry Studies, Master of Arts in Global Ministry Design, Master of Arts [Pastoral Studies], Master of Arts in Ministry Leadership, Master of Arts [Biblical and Theological Studies], Master of Arts in Clinical Mental Health Counseling, Master of Science.Distance Learning resources include On-line and on-line self-paced undergraduate and graduate courses. 19281309 19905824 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. 18790640 5313667 Moody Radio is one of the oldest Christian radio 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 grown to include more than 70 full power stations and translators, six 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. It also includes Radio Moody, a Spanish language station on WMBI-1110 AM. 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. For more information about Moody Radio, please visit www.moodyradio.org. 3484977 11637 1938243 95751824 true false 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 5619 0 true 2035 true false false false false false false false 0 false false false false 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 Jobe President & CEO 38.75 0.00 X X 244084 0 75934 Greg Thornton Ex Vice Pres 38.75 0.00 X 188173 0 32540 Kenneth D Heulitt CFO Retired6/20 38.75 0.00 X 201827 0 16750 Mark A Wagner COO 38.75 0.00 X 206690 0 0 Samuel S Choy CMO 38.75 0.00 X 147355 0 39576 Janet A Stiven Gen Counsel 38.75 0.00 X 165345 0 14761 James G Elliott Vice President 38.75 0.00 X 141683 0 32583 Debbie A Zelinski Vice President 38.75 0.00 X 148810 0 21069 Paul J Santhouse Vice President 38.75 0.00 X 127742 0 37937 Douglas W Hastings Vice President 38.75 0.00 X 139682 0 21628 John D Sauceda Vice President 38.75 0.00 X 116382 0 34310 Bruce Everhart Vice President 38.75 0.00 X 125718 0 24241 Bryan L O'Neal Vice President 38.75 0.00 X 101271 0 43989 Linda M Wahr Controller 38.75 0.00 124954 0 17701 Ryan June Asst Gen Counsel 38.75 0.00 113920 0 22676 Karl J Clauson Radio Host 38.75 0.00 111138 0 23640 Larry Davidhizar Former VP as of 6/30/19 0.00 0.00 126078 0 8498 Pepi O Manieson Dir Enterprise App 38.75 0.00 109809 0 23810 Timothy E Arens Vice President 38.75 0.00 X 105064 0 23337 Michael Rydelink Professor 38.75 0.00 103985 0 23853 John A Jelinek left 71719 Interim Provost 38.75 0.00 X 117535 0 3585 Heather Shalley Vice President 38.75 0.00 X 101232 0 15858 Winfred O Neely Vice President 38.75 0.00 X 89449 0 21608 Frank W Leber VP Left 9/2019 38.75 0.00 X 103972 0 6363 Dwight A Perry 1219 Provost 38.75 0.00 X 1212 0 0 Randy Fairfax Chairman 2.50 0.00 X X 0 0 0 Richard E Warren Vice Chairman 2.50 0.00 X X 0 0 0 Richard Yook 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 David Schipper Left 520 Trustee 2.00 0.00 X 0 0 0 Christopher Denison Left 520 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 Mark Flannery Trustee 2.00 0.00 X 0 0 0 Robert J Schuldt Trustee 2.00 0.00 X 0 0 0 3263110 586247 43 true true false Darwill Inc 11900 West Roosevelt Hillside IL 60162 Direct Mail Mkting 2125988 Oracle America 12120 Collection Dr Chicago IL 60693 Software Support 1109824 Versa Press Inc 1465 Spring Bay Rd East Peoria IL 61611 Printing 1051798 Bethany Press International 6820 West 115th Street Bloomington MN 55438 Printing 696987 Sheridan Publishing Grand Rapids 5100 33rd St SE Grand Rapids MI 49512 Printing 686506 37 1848490 45272444 769980 47120934 Auxilliary Services 900099 10564825 10564825 Other-Public Service 900099 7569093 7569093 Sales of Literature 900099 19607681 19607681 Tuition and Student Fees 900099 18003803 18003803 55745402 2312440 -140025 2452465 0 0 1906301 962865 943436 943436 943436 24124087 21229709 9520 2894378 -9520 2884858 -79008 2963866 0 0 0 0 109007070 55745402 -219033 6359767 11637 11637 3036863 3036863 0 0 3093279 1999340 736025 357914 134231 134231 45756514 39219740 2576758 3960016 3975526 3334359 261129 380038 7917818 6639280 521883 756655 2981861 2490057 203302 288502 0 242273 214728 12785 14760 189342 189342 0 909962 909962 369536 369536 38606 38606 4356529 3847400 26846 482283 2774897 1969170 206653 599074 3529053 3064935 211506 252612 4354823 4354823 4633330 4132880 440976 59474 1186602 887995 6794 291813 0 156357 124676 16662 15019 0 0 6572659 6192768 143512 236379 655089 476642 92612 85835 Other Outside Services 4336700 3748892 358804 229004 Cost of Sales 3924457 3924457 Other Educational Expenses 1794586 1794586 Student Dining 1434948 1434948 4115301 2309275 136471 1669555 112482779 95751824 6142060 10588895 X 2149624 1860959 95848 192817 225852 1839537 5031497 8878855 4460089 5302140 7171791 5667832 0 0 45320 31721 5540258 5290410 2635582 2790030 208274315 137246020 73236461 71028295 72537645 63233574 8887715 8633343 0 6331142 5994609 153683280 149953656 339786632 328644002 9897520 11460634 172719111 166392279 182616631 177852913 X 67388797 61440966 89781204 89350123 157170001 150791089 339786632 328644002 X -3475709 -3470898 567695 X false true X true true true X 45200719 42253837 43722616 42364275 47120934 220662381 0 0 45200719 42253837 43722616 42364275 47120934 220662381 0 220662381 4849709 5737934 7600377 7142667 2233912 27564599 0 0 248226980 310811895 0.88900 0.87100 X X X false 52525990 420210 153016 1003349 1276635 50819232 51142725 1320289 2212248 949926 1199346 52525990 49006232 680902 3149864 820058 874215 51142725 45264575 793102 4699493 882757 868181 49006232 47906904 477880 -1257804 946120 916285 45264575 0.04000 0.83000 0.13000 false false false 14416980 14416980 147449872 102867603 44582269 301798 301798 31260845 22659281 8601564 14844820 11417338 3427482 71028295 Investments in land and buildings 1060840 Investments other 2367869 Other Assets 437085 Trust Holdings 146087862 149953656 Accrued Pens. & Postretirement Health Be 20104913 Annuity Contract Actuarial Reserve 33708658 Other Liabilities 277886 Trust Obligations 112300822 166392279 X 109211321 -3470898 3029968 -440930 109652251 317684 -962865 -645181 109007070 110614784 962865 962865 109651919 317684 2513176 2830860 112482779 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, 2020 or 2019. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Endowment Gifts $-409990 Operating Investments Inc vs Non-Oper $3443678 Contributions to New Building $-3720 Part XII, Line 2d: Other expenses and losses per audited F/S Rental expense $962865 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Asset Retirement Obligation $138971 Postretirement Health Expense $694205 Pension Expense $1680000 Europe 0 0 Program Service Study Abroad 348398 Middle East 0 0 Program Service Study Abroad 272359 Sub-Saharan Africa 0 0 Pastor Training Public Service 61092 Carribean 0 0 Investment 98155 780004 780004 false 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 10002349 547775 9454574 Dickerson BakerAdvocace 1998 Hendersonville Rd23 Asheville NC 28803 Consultant false 1104941 207038 897903 Roger Kemp & Co 31255 Cedar Val Westlake V CA 91362 Consulting false 108000 AMERIDIAL INC DonnorCare 4535 Strausser Street North Canton OH 44720 Calling Donors false 110718 32149 78569 Timothy Group 1663 Sutherland Grandrapid MI 49508 Consulting false 3720 15000 false false 11221728 909962 10431046 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 Trans World Radio PO Box 8700 Cary NC 27512 221690564 501 (c)(3) 6862 0 General Purposes 1 0 Scholarships to students 1570 3036863 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 almost a third higher due to funds received for students from the CARES ACT. X X true true X X X X true false false false false false false false false Debbie A Zelinski Vice President 148810 10661 10408 169879 Douglas W Hastings Vice President 139337 345 8639 12989 161310 Greg Thornton Ex Vice Pres 188173 11720 20820 220713 James G Elliott Vice President 141476 207 10383 22200 174266 Janet A Stiven Gen Counsel 165345 11765 2996 180106 John D Sauceda Vice President 115221 1161 8775 25535 150692 Kenneth D Heulitt CFO Retired6/20 201827 13813 2937 218577 Larry Davidhizar Former VP as of 6/30/19 125733 345 3693 4805 134576 Mark A Wagner COO 206690 206690 Mark Jobe President & CEO 244084 75934 320018 Paul J Santhouse Vice President 127397 345 9403 28534 165679 Samuel S Choy CMO 147355 10851 28725 186931 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. 54 740874 Quoted Prices Crops 4 26262 Sales price Silver 1 2142 Sales price Desk 1 2 Value Airline voucher 1 700 Value 60 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 and 990T are 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 = -$1482820 Other Changes In Net Assets Or Fund Balances - Other Increases Change in Value of Postretirement Health = $1782223 Other Changes In Net Assets Or Fund Balances - Other Increases Change in value of Split Interest Agreements = $268292 Charitable Unitrusts 129 820 N LaSalle Blvd Chicago IL 60610 trusts IL MBI T false Pooled Income Fund 1 820 N LaSalle Blvd 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