Berean Bible Society 
The information on this page was last updated 4/7/2022. If you see errors or omissions, please email: [email protected]
Summary
The Berean Bible Society was founded for the sole purpose of helping believers understand and enjoy the Word of God. The organization holds without apology to all the fundamentals of the Christian faith and is evangelical, that is, they believe that salvation is by grace through faith alone on the basis of the shed blood of Christ.
BBS also emphasizes the importance of proclaiming the whole counsel of God in light of the Pauline revelation. Insofar as Paul is the apostle of the Gentiles, it is BBS's firm conviction that in his epistles alone we have the doctrine, position, walk, and destiny for the Church, the Body of Christ, during the dispensation of Grace.
Contact information
Mailing address:
Berean Bible Society
PO Box 756
Germantown, WI 53022-0756
Website: www.bereanbiblesociety.org
Phone: (262) 255-4750
Email: [email protected]
Organization details
EIN: 362256600
CEO/President: Pastor Kevin Sadler
Chairman: Pastor Paul Sadler
Board size: 7
Founder: Pastor Cornelius Stam
Ruling year: 1960
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Mission statement
The purpose of the Berean Bible Society is to promote Christian spiritual education and encourage the study of the Holy Scriptures by means of lectures, seminars, taped messages, conferences, and through literature.
Statement of faith
The Berean Bible Society uses the following to express its Doctrinal Statement:
WE BELIEVE:
1) The verbal inspiration and plenary authority of the BIBLE in its original writings.
2) The eternal trinity of the GODHEAD.
3) The eternal deity, virgin birth, vicarious death, and spotless humanity of the LORD JESUS CHRIST.
4) MANKIND by nature is sinful and under the condemnation of God.
5) Personal SALVATION is by God's grace, through faith in the crucified, risen, and glorified Christ.
6) The ETERNAL SECURITY of all the saved.
7) The personality and deity of the HOLY SPIRIT.
8) The essential unity of all believers of the present dispensation as members of the one true Church, the BODY OF CHRIST.
9) The GIFTS enumerated in Ephesians 4:7-16, have been given for the building up of the Body of Christ, and of these, only evangelists, pastors, and teachers are in order during the present dispensation. The sign gifts of the Acts period were temporary in character, and have ceased.
10) The privilege and duty of all the saved to WALK by faith as children of light.
11) The Communion of the LORD'S SUPPER as revealed through Paul for the members of the Body of Christ "TILL HE COME."
12) All believers are made members of the Body of Christ by One Divine BAPTISM, by which also they are identified with Christ in His death, burial and resurrection. In the light of I Corinthians 1:17, Ephesians 4:5. and Colossians 2:12, we affirm that water baptism has no place in God's spiritual program for the Body of Christ in this dispensation of grace.
13) The RESURRECTION of the Body.
14) The Pretribulation RAPTURE of the Church.
15) The personal, premillennial RETURN OF CHRIST to reign on earth.
16) The ETERNAL PUNISHMENT of the unsaved dead.
17) The MYSTERY "Hid in God" was the divine purpose to make of Jew and Gentile a whole new thing, that is, the Church, which is Christ's Body. The revelation of this Mystery was committed to Paul, and it is in his writings alone that we find the doctrine, position, walk and destiny of the Church.
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 940 of 1033 | 67 of 75 |
| Fund acquisition rating | | 426 of 1035 | 28 of 75 |
| Resource allocation rating | | 966 of 1035 | 67 of 75 |
| Asset utilization rating | | 1005 of 1033 | 73 of 75 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 5% | 4% | 4% | 2% | 4% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 5% | 3% | 3% | 2% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 82% | 98% | 77% | 93% | 93% | 83% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 3% | 3% | 3% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 18% | 2% | 23% | 7% | 7% | 17% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 69% | 68% | 65% | 63% | 64% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 150% | 105% | 115% | 65% | 111% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 104% | 71% | 75% | 41% | 71% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | -50% | -5% | -15% | 35% | -11% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | -9% | -1% | -3% | 10% | -2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 28% | 29% | 32% | 34% | 33% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.91 | 0.27 | 0.24 | 0.20 | 0.18 | 0.20 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.35 | 5.66 | 7.00 | 4.84 | 3.33 | 4.39 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 1.53 | 1.65 | 0.95 | 0.59 | 0.89 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.31 | 858.96 | 696.54 | 1180.63 | 463.58 | 431.42 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.34 | 7.82 | 7.25 | 12.66 | 20.16 | 13.49 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 0% | 0% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 92% | 370% | 423% | 511% | 560% | 494% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $397,811 | $325,893 | $569,590 | $910,882 | $527,731 |
| Receivables, inventories, prepaids | $160,511 | $166,562 | $163,579 | $174,353 | $211,291 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $558,322 | $492,455 | $733,169 | $1,085,235 | $739,022 |
| Long-term investments | $0 | $0 | $320,000 | $320,000 | $200,000 |
| Fixed assets | $503,774 | $527,610 | $553,456 | $582,266 | $528,070 |
| Other long-term assets | $2,100,026 | $2,426,353 | $1,942,293 | $1,624,578 | $1,778,434 |
| Total long-term assets | $2,603,800 | $2,953,963 | $2,815,749 | $2,526,844 | $2,506,504 |
| Total assets | $3,162,122 | $3,446,418 | $3,548,918 | $3,612,079 | $3,245,526 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $650 | $707 | $621 | $2,341 | $1,713 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $650 | $707 | $621 | $2,341 | $1,713 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $650 | $707 | $621 | $2,341 | $1,713 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Without donor restrictions | $3,153,470 | $3,436,738 | $3,540,685 | $3,602,250 | $3,243,813 |
| With donor restrictions | $8,002 | $8,973 | $7,612 | $7,488 | $0 |
| Net assets | $3,161,472 | $3,445,711 | $3,548,297 | $3,609,738 | $3,243,813 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $559,711 | $597,104 | $560,223 | $924,867 | $487,419 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $46,841 | $54,717 | $27,210 | $21,391 | $31,086 |
| Other revenue | ($37,228) | $126,730 | $15,240 | $49,299 | $70,829 |
| Total other revenue | $9,613 | $181,447 | $42,450 | $70,690 | $101,915 |
| Total revenue | $569,324 | $778,551 | $602,673 | $995,557 | $589,334 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $590,822 | $553,130 | $450,047 | $407,384 | $421,366 |
| Management and general | $236,247 | $235,905 | $223,857 | $220,209 | $216,174 |
| Fundraising | $28,358 | $25,203 | $20,354 | $17,047 | $18,561 |
| Total expenses | $855,427 | $814,238 | $694,258 | $644,640 | $656,101 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | ($286,103) | ($35,687) | ($91,585) | $350,917 | ($66,767) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($286,103) | ($35,687) | ($91,585) | $350,917 | ($66,767) |
Compensation
| Name | Title | Compensation |
| Pastor Kevin Sadler | President | $70,966 |
| Ricky L Kurth | Editor | $64,856 |
| Victoria Sadler | Admin Asst | $51,273 |
| Christine E Mulholland | Adm Asst | $44,749 |
| James F Tollar | Business Manager | $42,568 |
| Aaron Harris | Staff | $34,221 |
Compensation data as of: 12/31/2019
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 4/7/2022. To update the information below, please email: [email protected]
History
Visit: bereanbiblesociety.org/history-of-the-berean-bible-society/