2026-03-03T11:33:56+00:00 2025-06-30 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-07-01 832372645 FAITH AND LIBERTY DISCOVERY CENTER LLC FAIT 2153090900 101 N INDEPENDENCE MALL EAST PHILADELPHIA PA 19106 MATTHEW MUSGNUNG TREASURER 2026-03-03 false TODD TERESCO P00247720 7038930600 2026-03-03 2024 2025-03-06 01:10:19Z 4171149 false X X 2018 DE SEE SCHEDULE O 4 0 39 0 0 3301327 3947877 57952 0 0 0 -40695 -24816 3318584 3923061 0 0 0 0 2568887 631816 0 0 0 9525956 3361715 12094843 3993531 -8776259 -70470 16120680 12250879 46512091 27712760 -30391411 -15461881 FLDC EXPLORES THE RELATIONSHIP BETWEEN FAITH AND LIBERTY IN AMERICA FROM ITS FOUNDING TO TODAY BY ILLUMINATING THE INFLUENCE OF THE BIBLE ON INDIVIDUALS IN KEY HISTORICAL AND PERSONAL MOMENTS. false false 1868842 0 0 The mission of FLDC is continuing through the Faith and Liberty Initiative (FLI) which will integrate the themes of the FLDC into its wider programming as a key strategy to promote confidence in the Bible. FLI projects leverage and extend the intellectual property and the scholarly and organizational relationships from the FLDC. Products in development include: 1) an online Faith and Liberty Bible app and a commemorative America 250 print edition; 2) a Faith and Liberty high school course suitable for distribution to public and faith-based schools and students; and 3) a Faith and Liberty Speakers Bureau in partnership with a broader coalition starting with the America 250 commemorations. Extensive third-party market testing in 2025 sustains the Society's confidence in this content and strategy for enhancing the mission and attracting ongoing support. The current level of resource support is commensurate with the development and marketing of emerging Faith and Liberty tools and products. 1868842 true true false false false false false true false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 18 0 true 39 true false false false false false false false false false false false false X 4 0 false false false false true true true true false false false false true true true true false false false true false false PA X X MATT MUSGNUNG 2153090900 101 NORTH INDEPENDENCE MALL EAST PHILADELPHIA PA 19106 JAMES J PUCHY SECRETARY 2.0 40.0 X X 0 145648 50714 JENNIFER HOLLORAN PRESIDENT 3.0 40.0 X X 0 356854 65563 JOHN F PLAKE MANAGER, BOARD 2.0 40.0 X X 0 147111 64655 MATTHEW MUSGNUNG TREASURER 2.0 0 X X 0 165461 54666 ROBERT WONDERLING EXECUTIVE DIRECTOR 5.0 40.0 X 64653 145469 46588 64653 960543 282186 0 false true false Punch Innovations LLC 640 Freedom Business Center Drive Suite 360 King of Prussia PA 194061332 Digital and creative marketing services 631210 ABM Industry Groups LLC 1650 Arch Street Suite 2200 Philadelphia PA 191032041 Cleaning, janitorial and maintenance services 162324 4 3886465 61412 3947877 0 0 0 0 0 223272 248088 -24816 0 -24816 -24816 0 0 0 0 0 0 0 3923061 0 0 -24816 X 0 0 0 0 0 0 0 0 216083 216083 271971 70456 201515 143762 84159 59603 508059 508059 0 0 4626 4626 12495 12495 22917 22917 2215899 668419 1547480 14767 14767 4049 4049 261334 16331 245003 70858 70858 72785 72785 Equipment repairs and maintenance 173926 173696 230 0 0 0 0 3993531 1868842 2124689 0 260032 167413 0 115 0 0 93757 2086 54128766 53996087 1494425 132679 0 0 14272466 11948586 16120680 12250879 352250 331229 0 46159841 27381531 46512091 27712760 X -30391411 -15461881 0 0 -30391411 -15461881 16120680 12250879 X -70470 0 0 0 15000000 X false true true false X 36435481 14931187 6829653 3301327 3947877 65445525 0 0 36435481 14931187 6829653 3301327 3947877 65445525 0 65445525 0 0 196946 219948 223272 640166 0 0 9592 6821 0 16413 0 0 0 0 0 0 66102104 216416 0.99007 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 38242135 38141760 100375 1414984 1414984 0 14471647 14439343 32304 132679 Lease right of use asset 10657697 Assets held for sale 1290889 11948586 Federal Income Taxes Operating Lease Liability 26906143 Payable to American Bible Society 475388 27381531 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part III, Line 1a Collections of art - financial statement footnote The Society maintains a rare Scripture collection held for exhibition, education, and research that has been acquired through purchases and contributions since the Society's inception. The Society maintains policies and procedures addressing the collection's upkeep and management. The Society has adopted the policy of not capitalizing its collection, which is insured at a value of approximately $15 million. Purchases of collections are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired. Schedule D, Part III, Line 4 Collections of art - description of collections THE ORGANIZATION DISPLAYS HISTORICALLY SIGNIFICANT VERSIONS OF THE BIBLE AND OTHER ARTIFICATS THAT DEMONSTRATE THE BIBLE'S INFLUENCE ON OUR COUNTRY FROM ITS FOUNDING THROUGH PRESENT DAY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS INCLUDED WITHIN THE CONSOLIDATED FINANCIAL STATEMENT OF AMERICAN BIBLE SOCIETY (THE SOCIETY). THE SOCIETY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. false false false false false false false false false JENNIFER HOLLORAN PRESIDENT 0 356169 0 0 0 685 0 22675 0 42888 0 422417 0 0 MATTHEW MUSGNUNG TREASURER 0 164639 0 0 0 822 0 13891 0 40775 0 220127 0 0 JOHN F PLAKE MANAGER, BOARD 0 145228 0 0 0 1883 0 16560 0 48095 0 211766 0 0 JAMES J PUCHY SECRETARY 0 138790 0 0 0 6858 0 20000 0 30714 0 196362 0 0 ROBERT WONDERLING EXECUTIVE DIRECTOR 63737 143407 0 0 916 2062 5240 11791 9852 19705 79745 176965 0 0 Schedule J, Part I LINE 3 ALL COMPENSATION TO OFFICERS REPORTED ON PART VII AND SCHEDULE J OF THE ORGANIZATIONS 990 WAS DETERMINED AND PAID BY A RELATED ORGANIZATION, AMERICAN BIBLE SOCIETY. THE RELATED ENTITY CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Form 990, Part VI, Line 6 Classes of members or stockholders American Bible Society is the filing organization's sole member. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Board of Managers shall consist of three or more managers. The Board of Directors of the Member shall have the sole right to appoint individuals to the Board of Managers. At least two-thirds of the Board of Managers will be members of the ABS senior leadership team; i.e. the staff members who provide executive oversight over ABS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Subject to the authority of the Member, the Board of Managers shall manage the LLC's business and affairs, and may exercise all of the rights, powers, and authorities of the Corporation under the Act, and do all such lawful acts and things that are not prohibited by statute, the articles of organization, or by the operating agreement. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body There are currently no existing committees within the governing body of the organization. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is reviewed by the Board of Managers prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy Employees are regularly counseled by the Member's legal counsel staff in conflict of interest awareness and are required t file conflict of interest disclosure statements annually. Conflicts identified are investigated by the Member's internal audit and legal staff for resolution with management and the Board of Managers. Form 990, Part VI, Line 15b Process to establish compensation of other employees All compensation to Trustees/Directors reported on Part VII and Schedule J of the organization's 990 was determined and paid by a related organization, American Bible Society (The Society). The Society determines the executive compensation paid to its executives and the organization has adopted the procedures for it's executives in the following manner prescribed in the regulations. Compensation for the President & CEO is determined by the Board of Directors, as facilitated by the Chairperson of the Board. The Chairperson relies on a number of different sources to determine compensation, including, but not limited to compensation benchmark surveys and studies, compensation paid to similar officers at similar institutions (i.e. by reviewing the Form 990 of other organizations), including those in major urban centers. Recommendations were based on a comprehensive study leveraging external, independent research by GuideStar and other 3rd party consulting organizations. The Chairperson then recommends the CEO compensation to the full Board of Directors for its approval. The Board of Directors' approval is documented in meeting minutes. Compensation for other officers and key employees of the organization is determined using various sources by Human Resources such as compensation survey sand studies, including information on Form 990 of other organizations as well as independent compensation studies. Human Resources then obtains approval for the recommended compensation from officers or key employees' next higher level manager. Final compensation amounts are then communicated to the officer or key employee by Human Resources. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its Form 990 available on the website www.americanbible.org. The organization's governing documents and conflict of interest statement are available upon request, to the extent required by law and at Management's discretion. Form 990, Part IX, Line 11g Other Fees Other Professional Services - Total Expense: 508059, Program Service Expense: 508059, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances GAIN ON FORGIVENESS OF INTERCOMPANY LOAN FROM AMERICAN BIBLE SOCIETY - 15000000; Total - 15000000; Form 990, Part I, Line 1 The Society established the Faith and Liberty Discovery Center (FLDC), a museum for the purposes of exploring the relationship between faith and liberty in the United States of America, from its founding to today, by illuminating the influence of the Bible on individuals in key historical and personal moments. The FLDC was established as a limited liability company on June 11, 2018 under the Limited Liability Company Act of the State of Delaware. On April 1, 2024, the Society made a strategic decision to close the FLDC's public-facing operations due to its financial performance. This decision impacted the museum operations, which have been a key part of the Society's activities. The Society is continuing the mission of FLDC through its Faith and Liberty Initiative (FLI) and integrating these themes into its wider programming as a key strategy to promote confidence in the Bible. FLI projects leverage and extend the intellectual property and the scholarly and organizational relationships from the FLDC. Products in development include: 1) an online Faith and Liberty Bible app and a commemorative America 250 print edition; 2) a Faith and Liberty high school course suitable for distribution to public and faith-based schools and students; and 3) a Faith and Liberty Speakers Bureau in partnership with a broader coalition starting with the America 250 commemorations. Extensive third-party market testing in 2025 sustains the Society's confidence in this content and strategy for enhancing the mission and attracting ongoing support. The current level of resource support is commensurate with the development and marketing of emerging Faith and Liberty tools and products. American Bible Society 101 N Independence Mall East FL 8 Philadelphia PA 19106 131623885 Bible Engagement NY 501(c)(3) 7 NA false false false true false true false false false false false false true false false false false true false