Biblica Ministries Foundation

Nonprofit profile at a glance

EIN
841190575
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Colorado Springs, CO, USA
Phone
7194889200
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$550,730
Expenses
$161,005
Assets
$17,831,302
Liabilities
$9,630,821

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Geof Morin (CEO and President)

Highest reported compensation

  • Geof Morin (CEO and President): $297,013 total reported compensation
  • Bruce Trowbridge (CFO & Treasurer): $185,267 total reported compensation
  • Tracy Thomas (SVP-Advancement & Asst Secretary): $171,878 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Biblica ministries foundation exists to support biblica and foster planned giving opportunities. Biblica's mission is to provide the bible in accurate, contemporary translations and formats so that more people around the world will have the opportunities to be transformed by jesus christ.

What it reported doing in 2020

Managing and administering investments, charitable trusts and charitable gift annuities in such a way as to maximize resources for ministry grants to biblica and charitable remaindermen.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 71
  • Accountability: 81
  • Sustainability: 76
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 27.6%; rating input score 28
  • Program expense ratio: 47%; rating input score 47
  • Fundraising efficiency: $50.06 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 18th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 70.8%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 110.75; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 79.1%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -15.2% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -9.5% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -0.4% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 27.6% of revenue deployed · 47% of spending went to programs
  • Governance: 5 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $297K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 42 of 42 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 28/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.