2019-11-15T06:26:52-08:00 2019-06-30 990 2018-07-01 362167792 The Moody Bible Institute of Chicago MOOD 3123294000 820 N LaSalle Blvd Chicago IL 60610 Kenneth D Heulitt CFO 2019-11-15 2018 2020-03-31 21:24:44Z Mark Jobe 132379634 false false X www.moodyglobal.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. 14 13 2186 20 12566 43722616 42364275 63914169 64868528 7600377 6123926 897343 1018741 116134505 114375470 1681709 1968282 0 68342181 63353488 949642 829575 10337878 46836191 48776136 117809723 114927481 -1675218 -552011 350349690 339786632 195367009 182616631 154982681 157170001 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 55588469 1968282 33198453 Education:The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively.Number of Students (2018-2019 school year): Undergraduate School 2,471 Graduate School 68650 states and 61 countries are represented in the undergraduate and graduate school. International students are 8.4% 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 Exposition, Applied Linguistics, Jewish Studies, Urban Ministries, Ministry to Women, Ministry to Victims of Sexual Exploitation, Elementary Education, Bible Secondary Education, Pre-Counseling & 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. 20449420 23371269 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. 18769074 6038243 Moody Radio: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 for more than a million listeners each week, Moody Radio has grown to include more than 70 full power stations and translators, six Internet stations and more than 1,600 outlets that carry its programming. 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. For more information about Moody Radio, please visit www.moodyradio.org. 3487380 2260563 98294343 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 false true true false false false false false false false false false false false true false false false false true false false false true 7011 0 true 2186 true true true false false false false false false 0 false false false false false false false false false false false false X 14 13 false false true false false false false true true false false true true true true true true true true false CA IL IN MD X X Ken Heulitt 3123294000 820 N LaSalle Blvd Chicago IL 60610 Mike Fabarez Trustee 2.00 0.00 X 0 0 0 Thomas Fortson AsstTrustee Sec 2.50 0.00 X X 0 0 0 David Schipper Trustee 2.00 0.00 X 0 0 0 Randy Fairfax Chairman 2.50 0.00 X X 0 0 0 Richard Yook Trustee Sec 2.50 0.00 X X 0 0 0 Christopher Denison Trustee 2.00 0.00 X 0 0 0 Orbelina Equizabal Trustee 2.00 0.00 X 0 0 0 Richard E Warren Vice Chairman 2.50 0.00 X 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 Mark Jobe as of 10219 President & CEO 38.75 0.00 X X 0 0 0 Debbie A Zelinski Vice President 38.75 0.00 X 145401 0 19926 Douglas W Hastings Vice President 38.75 0.00 X 133369 0 19938 Timothy E Arens Vice President 38.75 0.00 X 101545 0 23734 Kenneth D Heulitt CFO 38.75 0.00 X 196790 0 16576 Larry J Davidhizar Vice President 38.75 0.00 X 116689 0 18870 James G Elliott Vice President 38.75 0.00 X 138356 0 29714 Frank W Leber Vice President 38.75 0.00 X 135602 0 25370 Greg Thornton Vice President 38.75 0.00 X 210173 0 30078 Bryan L O'Neal Vice President 38.75 0.00 X 97387 0 24331 John A Jelinek Interim Provost 38.75 0.00 X 101348 0 64392 Paul J Santhouse Vice President 38.75 0.00 X 124701 0 33787 Janet A Stiven Gen Counsel 38.75 0.00 X 161669 0 14483 Bruce Everhart Vice President 38.75 0.00 X 121425 0 25337 Samuel S Choy CMO 38.75 0.00 X 140213 0 33428 Mark A Wagner COO 38.75 0.00 X 195204 0 0 Heather Shalley Vice President 38.75 0.00 X 80115 0 11121 Linda M Wahr Controller 38.75 0.00 X 122252 0 17815 William D Thrasher Professor MTS 38.75 0.00 X 94120 0 31418 Michael Rydelink Professor 38.75 0.00 X 97679 0 25159 John Trent Depart Chair 38.75 0.00 X 124305 0 8846 John D Sauceda Dir Enterprise App 38.75 0.00 X 109611 0 24444 J Paul Nyquist 118 President & CEO 38.75 0.00 X 310105 0 20385 Steven A Mogck 118 Executive VP & COO 38.75 0.00 X 229406 0 3065 Junias V Venugopal Provost & Dean of Education 38.75 0.00 X 213398 0 3302 Collin Lambert 718 VP Broadcasting 38.75 0.00 X 71464 0 16529 James G Spencer 618 VP Undergraduate School 38.75 0.00 X 66587 0 16374 Anthony Turner 119 VP & Dean Student Enrollment Svcs 38.75 0.00 X 65733 0 61899 3704647 620321 52 true true false The Pursuant Group PO Box 203421 Dallas TX 75320 Consultant Fdraising 1527650 Darwill Inc 11900 West Roosevelt Hillside IL 60162 Direct Mail Mkting 1058335 Oracle America 12120 Collection Dr Chicago IL 60693 Software Support 1020128 Berglund Construction 8410 S Chicago Ave Chicago IL 60617 Building Construct 7641996 Versa Press Inc 1465 Spring Bay Rd East Peoria IL 61611 Printing 1451471 31 42364275 1086140 42364275 Auxilliary Services 900099 13502181 13502181 Other-Public Service 900099 8766790 8766790 Sales of Literature 900099 22903285 22903285 Tuition and Student Fees 900099 19696272 19696272 64868528 4393652 -228442 4622094 0 0 1829506 810765 1018741 1018741 1018741 18681215 1450 17193399 1487816 1450 1730274 241008 1489266 0 0 0 0 114375470 64868528 12566 7130101 0 1968282 1968282 0 0 2931065 2003986 579393 347686 0 45254826 38505556 2887453 3861817 4213160 3583156 254454 375550 7956006 6766960 479868 709178 2998431 2540383 185807 272241 0 197169 174380 11989 10800 234290 234290 0 829575 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-5240264 -4619089 114763130 423105 -810765 -387660 114375470 115184345 810765 810765 114373580 423105 130796 553901 114927481 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, 2019 or 2018. Part XII, Line 2d: Other expenses and losses per audited F/S Rental expense $810765 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Asset Retirement Obligation $130796 Europe 0 0 Program Service Study Abroad 843593 Middle East 0 0 Program Service Study Abroad 338236 Sub-Saharan Africa 0 0 Pastor Training Public Service 73823 1255652 1255652 false false false 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 8337413 478726 7858687 Roger Kemp & Co 31255 Cedar Val Westlake V CA 91362 Consulting false 117000 Messenger Media 869 Schaumburg Schaumburg IL 60194 Consulting false 272730 116946 155784 AMERIDIAL INC DonnorCare 4535 Strausser Street North Canton OH 44720 Calling Donors false 165000 64104 100896 Timothy Group 1663 Sutherland Grandrapid MI 49508 Consulting false 2444197 27500 2416697 Advocace 702 S Denton Tap Road Coppell TX 75019 Consultant false 25300 false 11219340 829576 10532064 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 0 0 Scholarships to students 979 1968282 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. X X true true X X X true false false false false false false false false false Anthony Turner 119 VP & Dean Student Enrollment Svcs 65433 300 4886 57013 127632 Collin Lambert 718 VP Broadcasting 70864 600 5148 11381 87993 Debbie A Zelinski Vice President 145101 300 10368 9558 165327 Douglas W Hastings Vice President 132769 600 8234 11704 153307 Frank W Leber Vice President 135602 8338 17032 160972 Greg Thornton Vice President 209873 300 12994 17084 240251 J Paul Nyquist 118 President & CEO 35371 274734 1549 18836 330490 James G Spencer 618 VP Undergraduate School 66337 250 5871 10503 82961 James G Elliott Vice President 138056 300 10097 19617 168070 Janet A Stiven Gen Counsel 161369 300 11487 2996 176152 John A Jelinek Interim Provost 101048 300 9533 54859 165740 Junias V Venugopal Provost & Dean of Education 13180 200218 970 2332 216700 Kenneth D Heulitt CFO 196490 300 13939 2637 213366 Mark A Wagner COO 195204 195204 Paul J Santhouse Vice President 124701 9144 24643 158488 Samuel S Choy CMO 140213 4427 29001 173641 Steven A Mogck 118 Executive VP & COO 10618 218788 952 2113 232471 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.Severance was paid to President, COO, and Provost listed on Schedule J the amounts are in Other Reportable Compensation.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 Interim Provost and the VP & Dean of Student Enrollment Services have Housing amounts in this column. 1 45000 Appraisal 60 786590 Quoted Prices 2 216105 Appraisals Crops 4 18703 Sales Price Coins 1 19714 Sales Price Miscellaneous 3 28 Value 71 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 4: Description of Significant Changes to Organizational Documents Updated corporate Bi-laws governance provision including the addition of term limits for 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 = -$209663 Other Changes In Net Assets Or Fund Balances - Other Increases Change in Value of Postretirement Health = $2246582 Other Changes In Net Assets Or Fund Balances - Other Increases Change in value of Split Interest Agreements = $81237 Charitable Unitrusts 140 820 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