Moody Bible Institute
Legal name: The Moody Bible Institute of Chicago
Nonprofit profile at a glance
- EIN
- 362167792
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Chicago, IL, USA
- Phone
- (312) 329-4000
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Graduate, Professional Schools (Separate Entities)
- Affiliation
- Christianity
Reported finances
- Revenue
- $129,574,445
- Expenses
- $134,764,263
- Assets
- $571,805,894
- Liabilities
- $189,517,941
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- Mark Jobe (President & CEO)
Highest reported compensation
- Mark Jobe (President & CEO): $398,176 total reported compensation
- Greg Thornton (Chief Financial Officer (Thru 1/20/2025)): $245,305 total reported compensation
- Mark A Wagner (Executive VP and Chief Operating Officer (Thru 6/30/2025)): $243,127 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To equip people with the truth of God's Word to make disciples of all nations.
What it reported doing in 2024
Education: The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively. Number of Students (2024-2025 school year): Undergraduate School 1,834 Graduate School 790 50 states and the District of Columbia and 49 Countries are currently represented by international students throughout Moody. 6% of Undergraduate students are international, and 8.6% of Graduate students are international. 6.8% of students are international, both Undergraduate and Graduate students. These following majors or emphases are offered: Undergraduate Certificates: Ministry Leadership, Ministry to Women, Biblical and Theological Studies, Biblical Studies, Children and Family Ministry, Disability Ministry, Human Services, Intercultural Studies and Worship Leading. Associate degrees: Biblical Studies, Children and Family Ministry, CRISIS AND TRAUMA CARE, Human Services and Intercultural Studies and TESOL (Teaching English to Speakers of Other Languages). Bachelor of Science Degrees: Christian Psychology, Crisis and Trauma Care, Cultural Engagement, (HUMAN SERVICES - COUNSELING, CRISIS AND TRAUMA, PSYCHOLOGY), Integrated Ministry Studies, (Ministry Leadership -Children and Family Ministry, Disability Ministry, Human Services, Leadership, Ministry to Women, Preaching), (Missionary Aviation Technology - Flight or Maintenance), Biblical Studies, (Theological Studies - Christian Thought or Spiritual Formation),. Bachelor of Arts Degrees: Biblical Languages, Biblical Studies, Biblical Studies-Music Emphasis, CRISIS AND TRAUMA CARE, Ministry to Women, (Missional Leadership - Nonprofit Management or Interdisciplinary), Pastoral Studies, Pastoral Studies - Biblical Preaching, Youth Ministry, Theology, Children and Family Ministry, Elementary Education with Association of Christian Schools International Certification, Human Services, Applied Linguistics, Intercultural Studies, Jewish Studies, TESOL, and Communications, (Music - Music Ministry or Worship and Media Arts). These programs include the following emphases: Graduate certificate in biblical preaching, biblical spiritual formation and discipleship, Christian community development, Christian counseling, Church Planting, ministry leadership, nonprofit administration and leadership, Pastoral Studies, TESOL, biblical foundation, biblical languages - New Testament or Old Testament, biblical studies, New Testament studies, Old Testament studies, theological studies, marriage, family, and couples counseling and trauma-informed counseling. Master of arts in: biblical spiritual formation and discipleship, ministry leadership, (ministry studies Christian counseling, leadership, missions, ministry entrepreneurship, interdisciplinary), nonprofit administration and leadership, [pastoral studies - biblical preaching, pastoral ministry, or advanced track], [TESOL], [biblical and theological studies], [biblical studies], clinical mental health counseling, (marriage, family, and couple counseling, trauma-informed counseling), counseling psychology. Master of Divinity in: Biblical Languages, Biblical Preaching, Biblical Spiritual Formation and Discipleship, Interdisciplinary Studies, Ministry Leadership, Nonprofit Administration and Leadership, and Pastoral Studies. Master of Theological Studies - New Testament, Master of Theological Studies - Old Testament Doctor of Ministry - Biblical Preaching, CHRISTIAN COMMUNITY DEVELOPMENT, EXECUTIVE LEADERSHIP AND MINISTERIAL MANAGEMENT, INTERDISCIPLINARY STUDIES, PASTORAL CARE AND COUNSELING.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 76
- Accountability: 95
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.7%; rating input score 91
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: $4.42 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 41st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 4.24; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 10th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 9th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 25th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 90.7% of revenue deployed · 83.8% of spending went to programs
- Governance: 12 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $112.9M in reported program spending
- Leadership: top reported pay $398K · 37 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $37.3M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 23 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 18/100.
- High — Sustainability: Operating margin scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.