Community Bible Study 
The information on this page was last updated 7/9/2024. If you see errors or omissions, please email: [email protected]
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
790 Stout Rd.
Colorado Springs, CO 80921
Website: www.communitybiblestudy.org
Phone: 800-826-4181
Email: [email protected]
Organization details
EIN: 510233462
CEO/President: Dr. Helder Favarin
Chairman: Deb Crowe
Board size: 12
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 the Lord 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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Leadership Training
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 299 of 1115 | 5 of 21 |
| Fund acquisition rating | | 135 of 1116 | 1 of 21 |
| Resource allocation rating | | 213 of 1116 | 2 of 21 |
| Asset utilization rating | | 895 of 1115 | 17 of 21 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 0% | 1% | 1% | 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 | 99% | 81% | 81% | 78% | 79% | 77% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 0% | 0% | 1% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 19% | 19% | 22% | 21% | 23% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 92% | 89% | 85% | 90% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 90% | 92% | 75% | 88% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 83% | 82% | 64% | 79% | 85% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 10% | 8% | 25% | 12% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | 8% | 6% | 16% | 12% | 7% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 8% | 11% | 14% | 10% | 10% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.42 | 0.65 | 0.63 | 0.45 | 0.81 | 0.97 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.25 | 1.26 | 1.34 | 1.47 | 1.58 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.93 | 0.81 | 0.79 | 0.60 | 1.19 | 1.54 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.19 | 8.10 | 6.91 | 9.78 | 7.87 | 4.16 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.12 | 0.14 | 0.10 | 0.13 | 0.24 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.12 | 13.00 | 12.95 | 17.81 | 8.78 | 5.92 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 10% | 11% | 8% | 9% | 15% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 57% | 140% | 141% | 204% | 113% | 87% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $15,821,207 | $14,381,823 | $12,523,564 | $9,710,697 | $8,539,691 |
| Receivables, inventories, prepaids | $636,876 | $583,566 | $230,449 | $185,857 | $212,584 |
| Short-term investments | $128,581 | $126,717 | $100,109 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $16,586,664 | $15,092,106 | $12,854,122 | $9,896,554 | $8,752,275 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $3,487,865 | $3,639,716 | $4,010,297 | $4,366,392 | $4,768,730 |
| Other long-term assets | $705,250 | $344,484 | $332,692 | $313,365 | $295,161 |
| Total long-term assets | $4,193,115 | $3,984,200 | $4,342,989 | $4,679,757 | $5,063,891 |
| Total assets | $20,779,779 | $19,076,306 | $17,197,111 | $14,576,311 | $13,816,166 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $635,548 | $1,047,850 | $320,188 | $298,507 | $626,882 |
| Other current liabilities | $1,413,250 | $1,137,063 | $994,662 | $959,296 | $1,478,153 |
| Total current liabilities | $2,048,798 | $2,184,913 | $1,314,850 | $1,257,803 | $2,105,035 |
| 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 | $2,048,798 | $2,184,913 | $1,314,850 | $1,257,803 | $2,105,035 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $15,251,628 | $12,173,172 | $11,457,027 | $9,321,088 | $7,682,012 |
| With donor restrictions | $3,479,353 | $4,718,221 | $4,425,234 | $3,997,420 | $4,029,119 |
| Net assets | $18,730,981 | $16,891,393 | $15,882,261 | $13,318,508 | $11,711,131 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $12,081,146 | $10,459,837 | $8,055,259 | $10,585,202 | $11,093,437 |
| Program service revenue | $2,636,213 | $2,408,952 | $2,160,963 | $2,669,566 | $3,144,040 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $179,121 | $6,110 | $10,014 | $32,362 | $22,626 |
| Other revenue | $0 | $100,542 | $92,060 | $104,939 | $85,039 |
| Total other revenue | $2,815,334 | $2,515,604 | $2,263,037 | $2,806,867 | $3,251,705 |
| Total revenue | $14,896,480 | $12,975,441 | $10,318,296 | $13,392,069 | $14,345,142 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $12,350,658 | $10,600,734 | $6,632,321 | $10,626,379 | $12,153,396 |
| Management and general | $1,033,843 | $1,298,407 | $1,100,038 | $1,137,455 | $1,282,364 |
| Fundraising | $35,021 | $57,373 | $41,435 | $39,062 | $33,047 |
| Total expenses | $13,419,522 | $11,956,514 | $7,773,794 | $11,802,896 | $13,468,807 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $1,476,958 | $1,018,927 | $2,544,502 | $1,589,173 | $876,335 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,476,958 | $1,018,927 | $2,544,502 | $1,589,173 | $876,335 |
Compensation
| Name | Title | Compensation |
| Kimm Carr | Executive Director | $168,623 |
| Chris Baker | Finance Director | $149,876 |
| Keith Sparzak | International Director | $138,454 |
| James Ferrier | International Operations Director | $114,039 |
| Jacquelyn Parker | Secretary | $87,721 |
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 7/9/2024. To update the information below, please email: [email protected]