2014-11-10T05:35:26-08:00 2014-06-30 990 2013-07-01 362167792 The Moody Bible Institute of Chicago MOOD 3123294000 820 N LaSalle Blvd Chicago IL 60610 Kenneth D Heulitt CFO 2014-11-10 2013 2015-11-30 17:44:51Z J Paul Nyquist 820 N LaSalle Blvd Chicago IL 60610 138909870 false false X www.moodyglobal.org X 1887 IL 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. 13 12 2251 20 -268511 -268511 45065851 48388607 55325196 58749655 7523570 7112479 794215 770381 108708832 115021122 1981885 1695389 0 58677723 61140767 911917 844412 10132575 41595454 45144002 103166979 108824570 5541853 6196552 361800455 389373981 230334329 244513707 131466126 144860274 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 55664249 1686341 31253901 Education:Through our undergraduate and graduate schools, and the distance learning center resources, we educate and train individuals to proclaim the gospel of Jesus Christ, to promote evangelism and to serve the evangelical Christian church vocationally and/or avocationally in its worldwide ministry.Number of Students (2013-2014 school year): Undergraduate School 3,085 Graduate School 643Forty-nine states and sixty-one countries are represented in the undergraduate and graduate school. International students are 11.0% of the total.Undergraduate degrees (A.B.S., B.A., B.Mus., B.S. MAT, and B.S.) are offered in various majors including: Bible, Communications, Educational Ministries, Sports Ministry, Missionary Aviation and Technology, Pastoral Studies, Sacred Music, Theology, World Missions and Evangelism, Ministry Leadership.Graduate degree programs include Master of Divinity (MDiv), Master of Arts in Biblical Studies (MABS), Master of Arts in Intercultural Studies/Urban (MAIS/US), Master of Arts in Spiritual Formation/Discipleship (MASF/D), Graduate Certificate (GSC), Master of Arts in Counseling Psychology, Master of Theological Studies, Master of Arts in Pastoral Ministry, Master of Arts in Ministry Leadership (MAML), Master of Arts in Applied Biblical Studies (MAABS), Master of Arts in Biblical and Theological Studies.Distance Learning resources include On-line undergraduate and graduate courses, correspondence courses, extension classrooms, and AM Bible software. 18119721 18589169 Publishing:The vision of Moody Publishers (MP) is to help our readers know, love and serve Jesus Christ. The mission of MP is to provide high-quality, thought provoking books and products that connect truth to life's real needs and challenges. 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.This year's most successful publications come from long-time MP authors Gary Chapman, Nancy Leigh DeMoss and John MacArthur. Gary Chapman is the author of the #1 New York Times Bestseller "The Five Love Languages" with over nine million copies sold. Nancy Leigh DeMoss is the host and teacher for Revive our Hearts. John MacArthur is pastor-teacher of Grace Community Church in California. 15801144 4063663 Broadcasting:Through the operation of 36 noncommercial Christian radio stations across the United States, Moody Radio broadcasts Christ centered radio programming of Bible messages, inspirational music, newscasts, current events, and special features. Moody Radio is also a major producer of original Christian programming content, which is carried by over 1000 radio outlets around the country. Moody Radio also programs multiple unique internet streams, along with providing programming via new smart-phone technology. Signature Moody Radio programming includes Today in the Word, Moody Presents, Midday Connection, Chris Fabry Live!, In the Market With Janet Parshall, Kurt Goff Live, Music Through the Night, Open Line, Sunday Praise, Up For Debate, Law Talk Live, Building Relationships with Dr. Gary Chapman, The Land and the Book with Dr. Charlie Dyer, Faith on Record, and Dia a Dia (Spanish broadcast). Additional services and programming are made available at www.moodyradio.org 4603162 9048 4842921 94188276 true false false false false true false false false true true false false true true true false true false false true false false true false false false false true true false false false false false false true false false false false true false false false false true true true false false true 8598 0 true 2251 true true false false false false false false 0 false false false 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 X X Ken Heulitt 3123294000 820 N LaSalle Blvd Chicago IL 60610 Jerry B Jenkins Chairman 2.50 0.13 X X 0 0 0 Bervin Peterson Trustee 2.50 0.13 X 0 0 0 Paul VonTobel III Trustee 2.50 0.13 X 0 0 0 Thomas Fortson Trustee Sec 2.50 0.13 X X 0 0 0 David Schipper Trustee 2.00 0.13 X 0 0 0 Mark A Wagner Trustee Ast Sec 2.00 0.13 X X 0 0 0 Randy Fairfax Vice Chairman 2.00 0.13 X X 0 0 0 Richard Yook Trustee 2.00 0.13 X 0 0 0 Christopher Denison Trustee 2.00 0.13 X 0 0 0 J Paul Nyquist President 38.50 0.25 X X 278562 0 37802 Richard E Warren Trustee 2.00 0.13 X 0 0 0 Julianna Slattery Trustee 2.00 0.13 X 0 0 0 Manuel J Gutierrez Trustee 2.00 0.13 X 0 0 0 Collin G Lambert Vice President 38.75 0.00 X 122977 0 26340 Christine K Gorz Vice President 38.75 0.00 X 94345 0 20062 Junias V Venugopal Provost 36.75 2.00 X 174744 0 38341 Elizabeth A Brown General Counsel 38.75 0.00 X 161171 0 17651 Kenneth D Heulitt CFO 38.25 0.50 X 178316 0 16115 Larry J Davidhizar Vice President 38.75 0.00 X 104662 0 17245 Lloyd R Dodson Vice President 38.75 0.00 X 156230 0 31277 James G Elliott Vice President 38.75 0.00 X 124128 0 33673 Frank W Leber Vice President 38.75 0.00 X 121322 0 21774 Greg Thornton Sr Vice Pres 38.75 0.00 X 155675 0 36325 Thomas A Shaw Vice President 37.75 1.00 X 106777 0 25772 John A Jelinek Vice President 28.75 10.00 X 97412 0 20785 Steven A Mogck SR Vice Pres 37.75 1.00 X 196433 0 40927 James G Spencer Vice President 38.75 0.00 X 119935 0 26758 Paul J Santhouse Vice President 38.75 0.00 X 97110 0 25060 Janet A Stiven Gen Couns. 1/14 38.75 0.00 X 0 0 0 Bruce Everhart Vice President 38.75 0.00 X 112092 0 23121 John Koessler Professor-UNDG 38.75 0.00 X 103304 0 25021 Douglas W Hastings Manager, Radio Adm 38.75 0.00 X 114495 0 15322 Linda M Wahr Controller 38.75 0.00 X 107945 0 14539 Emmy Koh Asst Gen Counsel 38.75 0.00 X 104308 0 25602 Bryan O'Neal Professor-UNDG 38.75 0.00 X 100931 0 20628 2932874 560140 19 false true false The Pursuant Group PO Box 203421 Dallas TX 75320 Consultant Fdraising 2008326 Berglund Construction 8410 S Chicago Ave Chicago IL 60617 Construction Service 658107 Oracle America PO Box 203448 Dallas TX 75320 Software Support 440279 Zera Construction 7800 N Lehigh Ave Niles IL 60714 Construction Service 630811 Ingenooity Inc 25657 South Kensington Lane Monee IL 60449 Website development 808480 24 48388607 866431 48388607 Auxilliary Services 900099 11904967 11904967 Other-Public Service 900099 7993409 7993409 Sales of Literature 900099 18577109 18577109 Tuition and Student Fees 900099 20274170 20274170 58749655 2862577 -321336 3183913 0 0 1417588 52825 700032 717556 52825 770381 52825 717556 24301325 3137293 21892058 1296658 2409267 1840635 4249902 4249902 0 0 0 0 115021122 58749655 -268511 8151371 0 1695389 1695389 0 0 2938191 1913448 696547 328196 0 43445202 38798945 1615150 3031107 4904752 4353922 188020 362810 6946880 6173125 257737 516018 2905742 2565410 119235 221097 0 267832 175542 88815 3475 155000 155000 0 844412 844412 461539 461539 39549 39549 4583111 3397601 175074 1010436 2925505 2500265 60978 364262 1603295 1265819 89722 247754 3835399 3835399 4293028 4030657 228438 33933 1858526 981322 79824 797380 0 157576 138541 17441 1594 0 0 6162650 5695739 261131 205780 575620 435105 49640 90875 Other Outside Services 3983971 3580586 212796 190589 Cost of Sales 3855390 3855390 Other Educational Expenses 1814926 1814926 Student Dining 1681755 1681755 6889330 4798302 208171 1882857 108824570 94188276 4503719 10132575 X 1523912 1187510 148921 187481 2017705 1513289 5455573 6722785 5790655 5731023 6116388 6679601 0 0 733723 709642 4406696 4604212 2395720 2188403 159789333 104674385 54824690 55114948 101750345 101981002 8621291 0 7933415 8052993 170375545 187454792 361800455 389373981 10081395 10888161 220252934 233625546 230334329 244513707 X 39588094 38941400 55416729 68372362 36461303 37546512 131466126 144860274 361800455 389373981 X 6196552 8789945 -1592349 X false true X true true true X 38434131 39010542 48842156 45065851 48388607 219741287 0 0 38434131 39010542 48842156 45065851 48388607 219741287 3860639 215880648 3706891 3055080 3436243 2775403 2862577 15836194 70014 57980 33109 47835 208938 1420561 1414608 1484864 1453976 1417588 7191597 242978016 260552812 0.88850 0.87760 X 1 55000 178742 true true 43623110 750382 5791655 745085 49420062 37669307 3675008 3257873 979078 43623110 36341084 2753932 -673300 752409 37669307 31751953 729648 4372657 513174 36341084 349892 1317547 389171 31751953 31751953 0.03000 0.76000 0.21000 false false false 14569627 14569627 111814268 83025617 28788651 970578 463273 507305 18151646 13114696 5036950 14283214 8070799 6212415 55114948 Investments in land and buildings 621308 Investments other 2459999 Loan to Related Organization Other 370205 Trust Holdings 184003280 187454792 Accrued Pens. & Postretirement Health Be 47134253 Annuity Contract Actuarial Reserve 43359906 Other 376792 Trust Obligations 142754595 233625546 X 116770763 8789945 -7339475 1450470 115320293 400861 -700032 -299171 115021122 129609213 21283084 21283084 108326129 400861 97580 498441 108824570 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, 2014 or 2013.Due to its tax-exempt status, the Institute is not subject to U.S. federal income tax or state income tax. The Institute is no longer subject to examination by U.S. federal or state taxing authorities for the fiscal years before June 30, 2011. The Institute does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Part XII, Line 2d: Other expenses and losses per audited F/S Rental expense $700032 Michigan Theological Seminary Expense $20583052 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Change in Estim. Asset Retirement Oblig $97580 Europe 0 0 Program Service Study Abroad 660000 Middle East 0 0 Program Service Study Abroad 316000 Sub-Saharan Africa 0 0 Program Service Radio Training 74000 1050000 1050000 false false false false false false X X X X X X X true Pursuant Group PO Box 203421 Plano TX 75320 Direct mail false 11587121 651462 10935659 Timothy Group 1663 Sutherland Grandrapid MI 49508 Consulting false 821973 95000 726973 Douglas Shaw 1717 Park St Naperville IL 60563 Consulting false 83533 53500 30033 DonorCare 4535 Strausser N Canton OH 44720 Phone false 113624 44451 69173 12606251 844413 11761838 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 670 1695389 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 false false false false false false false false false false Elizabeth A Brown General Counsel 161171 5864 11787 178822 Greg Thornton Sr Vice Pres 155675 11501 24824 192000 J Paul Nyquist President 196962 81600 20134 17668 316364 James G Elliott Vice President 124128 9311 24362 157801 Junias V Venugopal Provost 120744 54000 13023 25318 213085 Kenneth D Heulitt CFO 178316 12819 3296 194431 Lloyd R Dodson Vice President 156230 11556 19721 187507 Steven A Mogck SR Vice Pres 196433 14500 26427 237360 Part I, Line 1a: Relevant information in regards to selections on 1a. Housing Allowance is included on the individuals W-2 in box 5 Medicare wages and tips since it is Federal tax exempt under Sec 107. Only ordained ministers receive the housing allowance.J. Paul Nyquist has housing allowance which is Federal, State, and FICA exempt as he completed form 4361 Application for Exemption from self-employment tax for use by ministers and he was approved for exemption from self-employment tax on ministerial earnings (Sec 1042(e)).The Institute has covered some spousal travel for officers to donor events. The Institute has requested that President J. Paul Nyquist'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. J Paul Nyquist Pres. See stmt X 500000 500000 false true true 500000 Schedule L, Part V Supplemental Information Loans to OfficersTo assist the president in obtaining a home adjacent to the Institute, the trustees approved a loan from the Institute in the amount of $500,000. This note has a rate of 4.0% per annum and is held as part of the Institute notes in the Operating fund. The president is currently paying interest only. 50 827619 Quoted Prices Equipment 2 29900 est. market Commodities 4 8912 sales price 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 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 (of generally comparable size) 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 spring 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 October 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 Increases Change in value of Pension Plan = $2315188 Other Changes In Net Assets Or Fund Balances - Other Decreases Change in Value of Postretirement Health = -$4836814 Other Changes In Net Assets Or Fund Balances - Other Increases Change in value of split interest agreements = $1489920 Other Changes In Net Assets Or Fund Balances - Other Increases Rounding = $0 Other Changes In Net Assets Or Fund Balances - Other Decreases Transfer of Michigan Theological Seminary = -$560643 Michigan Theological Seminary 41550 E Ann Arbor Trail Plymouth MI 48170 382812695 Seminary and graduate school MI 501(c)3 2 The Moody Bible Institute of Chicago true false false false true false false false false false false false false false false true false false false false Michigan Theological Seminary d 1453159 Due to/Due from Michigan Theological Seminary o 281015 Service Charges Related Organization Michigan Theological Seminary was acquired for zero dollars by The Moody Bible Institute as of January 1, 2010.During this last fiscal year Michigan Theological Seminary was fully merged into The Moody Bible Institute of Chicago therefore a final return for Michigan Theological Seminary will be completed this year.