Community Bible Study, Inc.

The information on this page was last updated 11/30/2021. If you see errors or omissions, please email: info@ministrywatch.com


Summary



We love seeing what happens in people's lives when they discover God through the study of His Word. We have Bible studies for all age groups and stages of life, from classes for toddlers and teens to classes for adults who are single and married. Together we explore the Bible and what it tells us about the God who has woven His story through history and is present with us now.


Contact information

Mailing address:
Community Bible Study, Inc.
790 Stout Rd.
Colorado Springs, CO 80921

Website: www.communitybiblestudy.org

Phone: 800-826-4181

Email: info@communitybiblestudy.org


Organization details

EIN: 510233462

CEO/President: Kimm Carr

Chairman: Deb Crowe

Board size: 15

Founder: Floyd and Lee Campbell

Ruling year: 1978

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1996


Purpose

"Transformed Lives Through the Word of God"


Mission statement

To make disciples of Jesus Christ in our communities through caring, in-depth Bible study, available to all.


Statement of faith

WE BELIEVE that the Bible, both Old and New Testaments, is divine revelation and the inspired Word of God, inerrant in the original manuscripts. Its teaching is the final authority for all Christian life in matters of faith and practice.

WE BELIEVE in the unity of the Godhead, eternally existing in three persons, Father, Son, and Holy Spirit, and yet identical in nature; all-powerful, all-knowing, everywhere present, and unchangeable; infinitely perfect in love, truth, righteousness, justice, goodness, grace, and mercy.

WE BELIEVE that Jesus Christ, the Son of God, is both fully God and fully man, two natures in one person. He was conceived by the Holy Spirit and born of the Virgin Mary. He performed miracles to manifest His deity, lived a sinless life, suffered, and died as a completely satisfactory sacrifice for the sin of the whole world. He arose from the dead on the third day, and His bodily resurrection guarantees the resurrection of all who believe in Him. He ascended to the right hand of God the Father, where He reigns over the universe and intercedes for believers, and from where He will return to earth to establish His kingdom.

WE BELIEVE that man was created in the image of God but fell into disobedience by a voluntary decision and, as a result, became separated from God, and therefore spiritually dead and subject to physical death. This fallen nature was transmitted to all humanity, except Jesus Christ, who lived a sinless life. The blood of Jesus Christ was shed for our redemption. Only those who receive Christ Jesus by faith are forgiven and born of the Holy Spirit; thus, they become children of God. Faith alone is the condition of salvation, but good works and righteous living should accompany such faith and furnish evidence of its existence.

WE BELIEVE that the Holy Spirit indwells and seals every believer at the moment of saving faith. The ministry of the Holy Spirit is to glorify the Lord Jesus Christ and, during this age, to convince men of sin, regenerate the believing sinner, and indwell, guide, instruct, and empower the believer for godly living and service. We believe that all Christians should witness for Christ in His power and study the Bible with His help.

WE BELIEVE that the church, composed of all who genuinely believe in and accept Jesus Christ as Savior, is united together into one body, of which He is the Head. As members of the church, we have a responsibility to keep the unity of the Spirit in the bond of peace, supporting the local church and loving one another with pure hearts.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Leadership Training

CategoryRatingOverall rankSector rank
Overall efficiency rating326 of 10315 of 26
Fund acquisition rating144 of 10331 of 26
Resource allocation rating204 of 10336 of 26
Asset utilization rating893 of 103121 of 26

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%1%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%78%79%77%75%75%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
8%1%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%22%21%23%25%25%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%85%90%90%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%75%88%94%92%99%
Program output ratio Program output ratio =
Program services /
Total revenue
71%64%79%85%83%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%25%12%6%8%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
10%16%12%7%10%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%14%10%10%10%10%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.500.450.810.970.901.07
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.141.341.471.581.661.88
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.140.601.191.541.502.01
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.709.787.874.163.513.28
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.100.130.240.280.31
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7917.818.785.925.714.16
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%8%9%15%17%16%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
44%204%113%87%92%78%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$12,523,564$9,710,697$8,539,691$7,682,518$5,251,573
Receivables, inventories, prepaids$230,449$185,857$212,584$171,874$162,437
Short-term investments$100,109$0$0$0$800,066
Other current assets$0$0$0$0$0
Total current assets$12,854,122$9,896,554$8,752,275$7,854,392$6,214,076
Long-term investments$0$0$0$0$0
Fixed assets$4,010,297$4,366,392$4,768,730$4,919,950$5,191,934
Other long-term assets$332,692$313,365$295,161$278,014$261,863
Total long-term assets$4,342,989$4,679,757$5,063,891$5,197,964$5,453,797
Total assets$17,197,111$14,576,311$13,816,166$13,052,356$11,667,873
 
Liabilities20212020201920182017
Payables and accrued expenses$320,188$298,507$626,882$631,236$275,767
Other current liabilities$994,662$959,296$1,478,153$1,603,471$1,620,421
Total current liabilities$1,314,850$1,257,803$2,105,035$2,234,707$1,896,188
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$1,314,850$1,257,803$2,105,035$2,234,707$1,896,188
 
Net assets20212020201920182017
Without donor restrictions$11,457,027$9,321,088$7,682,012$7,610,993$6,765,387
With donor restrictions$4,425,234$3,997,420$4,029,119$3,206,656$3,006,298
Net assets$15,882,261$13,318,508$11,711,131$10,817,649$9,771,685
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$8,055,259$10,585,202$11,093,437$9,602,126$9,391,138
Program service revenue$2,160,963$2,669,566$3,144,040$3,115,895$3,109,005
Membership dues$0$0$0$0$0
Investment income$10,014$32,362$22,626$10,614$831
Other revenue$92,060$104,939$85,039$102,546$102,373
Total other revenue$2,263,037$2,806,867$3,251,705$3,229,055$3,212,209
Total revenue$10,318,296$13,392,069$14,345,142$12,831,181$12,603,347
 
Expenses20212020201920182017
Program services$6,632,321$10,626,379$12,153,396$10,603,293$11,222,793
Management and general$1,100,038$1,137,455$1,282,364$1,168,622$1,208,728
Fundraising$41,435$39,062$33,047$29,453$34,132
Total expenses$7,773,794$11,802,896$13,468,807$11,801,368$12,465,653
 
Change in net assets20212020201920182017
Surplus (deficit)$2,544,502$1,589,173$876,335$1,029,813$137,694
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,544,502$1,589,173$876,335$1,029,813$137,694

Compensation

NameTitleCompensation
Kimm CarrExecutive Director$166,524
Tim ChaseDir. Ministry Service Center$137,699
Keith SparzakInternational Director$127,505
Chris BakerDirector of Finance$83,484
Jacquie ParkerSecretary$73,017

Compensation data as of: 6/30/2021


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 11/30/2021. To update the information below, please email: info@ministrywatch.com


History

Community Bible Study began as an answer to a women's group's heartfelt prayer that the Lord would provide effective Bible Studies for people in the Washington, D.C. area. The first Community Bible Study class began in the fall of 1975 at Fourth Presbyterian Church in Bethesda, Maryland. Lee and Floyd Campbell taught the Gospel of John to the first class of over 500 women.

One year later, another day class began in Alexandria, Virginia, and the first evening class started in Tysons Corner, Virginia. In 1977 classes began in California, Colorado, and Tennessee. In 1978 classes opened in Alabama, Michigan, Minnesota and Illinois. In 1979 Texas and London, England had classes. Without any advertising, publicity, or human planning, classes spread throughout the United States. As of 2000, there are approximately 350 classes in 37 States in the United States, and several hundred international CBS classes. CBS International was incorporated in 1992.

The Washington, D.C. metropolitan area has 15 classes. The Gospel of John, which was the first course written for CBS, has been supplemented by some 24 other courses that can be combined in various ways to create many individualized 30-week courses.


Program accomplishments

We empower discipleship in over 75 heart languages and more than 100 countries by offering a community-forming, verse-by-verse study of God's transformative Word.


Needs