Moody Bible Institute 
The information on this page was last updated 9/16/2024. If you see errors or omissions, please email: [email protected]
Summary
Moody exists to reach across the globe, cultures and generations to equip people with the truth of God's Word to impact the world for Christ.
Contact information
Mailing address:
Moody Bible Institute
820 N. LaSalle Blvd
Chicago, IL 60610
Website: moody.edu
Phone: (312) 329-4000
Email: [email protected]
Organization details
EIN: 362167792
CEO/President: Dr. Mark Jobe
Chairman: Richard E. Warren
Board size: 12
Founder: D.L. Moody
Ruling year: 1933
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1980
Purpose
Vision: The Gospel Available for Every Person.
Everything we do at Moody falls under the authority of the Bible, which declares timeless truth that is relevant today and throughout every generation. We believe that understanding and sharing God's Word is a lifelong journey. And we're committed to providing encouragement for you in your walk with Christ.
Mission statement
Moody exists to Proclaim the Gospel through equipping people to be biblically grounded, practically trained, and to engage the world through Gospel-centered living.
Statement of faith
ARTICLE I
God is triune, one Being eternally existing in three co-equal Persons: Father, Son, and Holy Spirit; these divine Persons, together possessing the same eternal perfections, work inseparably and harmoniously in creating, sustaining, and redeeming the world.
Genesis 1; John 1:1-3; Hebrews 1:1-3; Deuteronomy 6:4: Ephesians 4:4-6; Acts 5:3-4; 1 Corinthians 8:6; 1 Timothy 2:5; John 14:9-10, 26; Matthew 28:18-19; 2 Corinthians 13:14; Revelation 4:11
ARTICLE II
The Bible, including both the Old and the New Testaments, is a divine revelation, the original autographs of which were verbally inspired by the Holy Spirit.1
2 Timothy 3:16; 2 Peter 1:21
ARTICLE III
Jesus Christ is the image of the invisible God, which is to say, He is Himself very God; He took upon Himself our nature, being conceived by the Holy Spirit and born of the Virgin Mary;2 He died upon the cross as a substitutionary sacrifice for the sin of the world;3 He arose from the dead in the body in which He was crucified; He ascended into heaven in that body glorified, where He is now our interceding High Priest; He will come again personally and visibly to set up His kingdom4 and to judge the quick and the dead.
Colossians 1:15; Philippians 2:5-8; Matthew 1:18-25; 1 Peter 2:24-25; Luke 24; Hebrews 4:14-16; Acts 1:9-11; 1 Thessalonians 4:16-18; Matthew 25:31-46; Revelation 11:15-17; 20:4-6, 11-15
ARTICLE IV
Man was created5 in the image of God but fell into sin, and, in that sense, is lost; this is true of all men, and except a man be born again he cannot see the kingdom of God; salvation is by grace through faith in Christ who His own self bore our sins in His own body on the tree; the retribution of the wicked and unbelieving and the rewards of the righteous are everlasting, and as the reward is conscious, so is the retribution.6
Genesis 1:26-27; Romans 3:10, 23; John 3:3; Acts 13:38-39; 4:12; John 3:16; Matthew 25:46; 2 Corinthians 5:1; 2 Thessalonians 1:7-10
ARTICLE V
The Church7 is an elect company of believers baptized by the Holy Spirit into one body; its mission is to witness concerning its Head, Jesus Christ, preaching the gospel among all nations; it will be caught up to meet the Lord in the air ere He appears to set up His kingdom.8
Acts 2:41; 15:13-17; Ephesians 1:3-6; 1 Corinthians 12:12-13; Matthew 28:19-20; Acts 1:6-8; 1 Thessalonians 4:16-18
Institutional Positions Related to the Moody Bible Institute Doctrinal Statement (1928)
Notes elaborating the 1928 Doctrinal Statement
1 The Bible is without error in all it affirms in the original autographs and is the only authoritative guide for faith and practice and as such must not be supplanted by any other fields of human learning.
2 Jesus Christ, the only begotten Son of God, is fully God and fully man possessing both deity and humanity united in one person, without division of the person or confusion of the two natures.
3 An individual receives the benefit of Christ's substitutionary death by faith as the result of responding to the message of the gospel. Salvation is the free gift of God's grace through faith alone, in Christ alone, therefore not dependent upon church membership, intermediaries, sacraments or works of righteousness to attain or sustain it.
4 It is Moody's position that this refers to the premillennial return of Christ at which time He will set up His millennial reign, during which time He will fulfill His promises to Israel.
5 This affirms that the first human beings were a special and unique creation by God as contrasted to being derived from any pre-existing life forms. Further, God created everything "after its kind," which excludes any position that allows for any evolutionary process between kinds.
6 This statement excludes any position which asserts a temporary or complete cessation of consciousness or merging with eternal oneness or annihilation of the damned or a "second chance" or a period of suffering or purification in preparation for entrance into the presence of God.
7 The Church of Jesus Christ is a distinct entity from Israel in the ongoing program of God. Further, this universal Church consists of all who possess saving faith in the death and resurrection of Jesus Christ from Pentecost to the Rapture of the Church and which will represent every language, people and nation.
8 Christ will return in the air preceding the seven-year Tribulation at which time He will receive into heaven all believers who constitute His church. During that tribulation period, God will bring salvation to Israel and the nations while exercising judgment on unbelievers.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 958 of 1118 | 124 of 130 |
| Fund acquisition rating | | 1037 of 1119 | 120 of 130 |
| Resource allocation rating | | 597 of 1119 | 71 of 130 |
| Asset utilization rating | | 798 of 1118 | 108 of 130 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 19% | 18% | 22% | 24% | 23% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 10% | 4% | 10% | 9% | 9% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 18% | 49% | 22% | 43% | 37% | 38% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 10% | 9% | 9% | 9% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 82% | 51% | 78% | 57% | 63% | 62% |
| Operating ratios | Sector median | 2023 | 2022 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 83% | 85% | 85% | 86% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 100% | 44% | 103% | 100% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 83% | 38% | 88% | 86% | 88% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 0% | 56% | -3% | 0% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 0% | 44% | -2% | 0% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 8% | 6% | 5% | 5% | 5% |
| Investing ratios | Sector median | 2023 | 2022 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.22 | 0.23 | 0.34 | 0.34 | 0.34 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.61 | 1.96 | 1.93 | 3.53 | 3.48 | 3.40 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.41 | 0.43 | 0.44 | 1.21 | 1.18 | 1.14 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.92 | 21.53 | 22.97 | 8.11 | 9.86 | 8.67 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.13 | 0.05 | 0.04 | 0.12 | 0.10 | 0.12 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.43 | 26.64 | 26.37 | 8.70 | 9.16 | 9.27 |
| Solvency ratios | Sector median | 2023 | 2022 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 24% | 34% | 35% | 54% | 54% | 56% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 302% | 288% | 134% | 137% | 132% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2020 | 2019 | 2018 |
| Cash | $12,249,829 | $29,381,244 | $10,718,392 | $5,257,349 | $5,950,927 |
| Receivables, inventories, prepaids | $22,999,276 | $22,113,463 | $19,050,412 | $19,807,720 | $19,453,213 |
| Short-term investments | $236,128,451 | $216,564,430 | $63,233,574 | $72,537,645 | $77,499,957 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $271,377,556 | $268,059,137 | $93,002,378 | $97,602,714 | $102,904,097 |
| Long-term investments | $23,909,315 | $23,167,736 | $8,633,343 | $8,887,715 | $9,707,493 |
| Fixed assets | $67,783,177 | $56,382,176 | $71,028,295 | $73,236,461 | $69,811,826 |
| Other long-term assets | $168,133,764 | $169,793,813 | $155,979,986 | $160,059,742 | $167,926,274 |
| Total long-term assets | $259,826,256 | $249,343,725 | $235,641,624 | $242,183,918 | $247,445,593 |
| Total assets | $531,203,812 | $517,402,862 | $328,644,002 | $339,786,632 | $350,349,690 |
| Liabilities | 2023 | 2022 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $12,605,913 | $11,667,988 | $11,460,634 | $9,897,520 | $11,866,986 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $12,605,913 | $11,667,988 | $11,460,634 | $9,897,520 | $11,866,986 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $166,159,327 | $169,478,635 | $166,392,279 | $172,719,111 | $183,500,023 |
| Total long-term liabilities | $166,159,327 | $169,478,635 | $166,392,279 | $172,719,111 | $183,500,023 |
| Total liabilities | $178,765,240 | $181,146,623 | $177,852,913 | $182,616,631 | $195,367,009 |
| Net assets | 2023 | 2022 | 2020 | 2019 | 2018 |
| Without donor restrictions | $256,675,637 | $247,434,018 | $61,440,966 | $67,388,797 | $64,711,056 |
| With donor restrictions | $95,762,935 | $88,822,221 | $89,350,123 | $89,781,204 | $90,271,625 |
| Net assets | $352,438,572 | $336,256,239 | $150,791,089 | $157,170,001 | $154,982,681 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2020 | 2019 | 2018 |
| Total contributions | $57,235,576 | $58,465,192 | $47,120,934 | $42,364,275 | $43,722,616 |
| Program service revenue | $54,027,825 | $58,537,041 | $55,745,402 | $64,868,528 | $63,914,169 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $5,397,336 | $146,293,059 | $5,197,298 | $6,123,926 | $7,600,377 |
| Other revenue | $0 | $0 | $943,436 | $1,018,741 | $897,343 |
| Total other revenue | $59,425,161 | $204,830,100 | $61,886,136 | $72,011,195 | $72,411,889 |
| Total revenue | $116,660,737 | $263,295,292 | $109,007,070 | $114,375,470 | $116,134,505 |
| Expenses | 2023 | 2022 | 2020 | 2019 | 2018 |
| Program services | $96,582,475 | $98,828,682 | $95,751,824 | $98,294,343 | $101,692,233 |
| Management and general | $8,851,843 | $7,257,733 | $6,142,060 | $6,295,260 | $5,973,343 |
| Fundraising | $11,107,720 | $10,570,805 | $10,588,895 | $10,337,878 | $10,144,147 |
| Total expenses | $116,542,038 | $116,657,220 | $112,482,779 | $114,927,481 | $117,809,723 |
| Change in net assets | 2023 | 2022 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $118,699 | $146,638,072 | ($3,475,709) | ($552,011) | ($1,675,218) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $118,699 | $146,638,072 | ($3,475,709) | ($552,011) | ($1,675,218) |
Compensation
| Name | Title | Compensation |
| Mark Jobe | President & CEO | $391,762 |
| Greg Thornton | Chief Financial Officer | $235,271 |
| Mark A Wagner | Senior VP and Chief Operating Officer | $233,377 |
| Dwight A Perry | Senior VP and Dean of Education and Provost | $231,577 |
| Samuel S Choy | VP, Chief Marketing Officer | $217,499 |
| Janet A Stiven | VP and General Counsel | $211,183 |
| Deborah A Zelinski | VP, Human Resources | $190,941 |
| James G Elliott | VP, Stewardship | $189,032 |
| Bruce Everhart | VP and Chief Development Officer | $186,079 |
| John D Sauceda | Chief Information Officer | $181,375 |
| Paul J Santhouse | VP, Moody Publishers | $178,967 |
| David Wesley Ward | VP, Moody Radio | $164,629 |
| Pepi O Manieson | IT Services | $164,552 |
| Linda M Wahr | Controller | $164,468 |
| Karl J Clauson | Radio Host | $163,603 |
| Winfred O Neely | VP and Dean, Moody Theological Seminary and Graduate School | $155,419 |
| William Washington | VP and Dean of Student Life and Interim VP and Dean, Student Enrollment Services | $149,269 |
| Timothy Sisk | Professor | $148,089 |
| Bryan L O'Neal | VP (thru 12/2022) | $146,508 |
| Healther Shalley | VP (thru 5/2023) | $146,150 |
| Michael A Rydelnik | VP and Dean, Undergraduate School (beg. 12/2022) | $139,711 |
| Edgar Santiago | treasurer | $135,909 |
Compensation data as of: 6/30/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/16/2024. To update the information below, please email: [email protected]
History
D.L. Moody arrived in Chicago in 1856 with dreams of making a fortune in the shoe business. Deeply burdened by the city's poor, uneducated children, Moody's mission quickly shifted to teaching them the Bible. These initial Sunday school meetings in a converted saloon birthed Moody Bible Institute and the ministries that followed.
D.L. Moody's passion for honoring God's call on his life and his heart for serving others is the foundation for each of Moody's ministries. From its beginnings and through today, Moody Bible Institute has followed the example of its founder to be a practical, compassionate pioneer in training a multicultural, multi-generational worldwide network of influencers to impact the world for Christ. There have been many key moments in the history of Moody Bible Institute, like the founding of the Moody Evangelical Society (the pre-curson to Moody Bible Institute) and Moody Aviation.
Many influential people have been behind Moody's far-reaching ministry, like Emma Dryer, the teacher who inspired D.L. Moody to begin his training school, and George Beverly Shea, the award-winning soloist on the Billy Graham Crusades.
Moody has also had many groundbreaking milestones in Christian media, like the launch of WMBI, the oldest non-commercial Christian radio station in the U.S., and the Moody Institute of Science, whose films taught a generation about God's creation.