Overview
What is Institute In Basic Life Principles?
The Institute in Basic Life Principles is a nonprofit organization situated in Big Sandy, Texas. Established with the mission to introduce individuals to Jesus Christ, it offers clear instruction and training to individuals, families, churches, schools, communities, and businesses on how to achieve success by adhering to God's principles as outlined in scripture. In 2022, they conducted family conferences and a family camp, offering biblical teaching and training for both youths and adults. These events were also live-streamed, allowing participation from people across the United States and globally. The organization employs a staff of 101 individuals.
Official website here: www.iblp.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Star rating
The Institute In Basic Life Principles has received a low score of 39%, resulting in a Zero-Star rating. This indicates significant concerns regarding the organization’s accountability and financial management, particularly due to the lack of independent board members and missing financial statements. A majority of the board members are not independent, which raises questions about governance practices.
Despite some strengths, such as a low liabilities to assets ratio and the existence of a conflict of interest policy, there are notable weaknesses. The absence of a whistleblower policy and document retention policy further detracts from the organization’s overall transparency and accountability. Additionally, critical documents like the tax form are not readily available on the nonprofit's website, which could hinder potential donors' ability to evaluate the organization effectively.
Overall, the Institute In Basic Life Principles faces challenges that may affect its credibility and trustworthiness. Interested stakeholders should consider these factors carefully when assessing the organization’s suitability for support or partnership.
This AI summary has been generated from information found on Charity Navigator.
Is Institute In Basic Life Principles legitimate?
Institute In Basic Life Principles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute In Basic Life Principles submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $250,234
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,681,829
For more financial information, click here
Official website here: www.iblp.org
What is the mission statement of Institute In Basic Life Principles?
The Institute in Basic Life Principles was established with the primary objective of introducing individuals to Jesus Christ. It is committed to providing clear instruction and training to individuals, families, churches, schools, communities, and businesses, guiding them towards success by adhering to God's principles as outlined in scripture. This mission is primarily achieved through seminars, educational programs, printed literature, and the operation of centers to facilitate training.
Official website here: www.iblp.org
What is the revenue of Institute In Basic Life Principles?
Institute In Basic Life Principles's revenue in 2023 was $3,820,791.
Official website here: www.iblp.org
Who are the executives of Institute In Basic Life Principles and what are their salaries?
The average compensation at Institute In Basic Life Principles during 2023 was $22,208. There are 87 employees and 150 volunteers at Institute In Basic Life Principles.
Here are 6 key members and their salaries:
- Compensation: $108,450
- Related: $0
- Other: $4,086
- Compensation: $76,296
- Related: $0
- Other: $4,468
- Compensation: $51,050
- Related: $0
- Other: $2,546
- Compensation: $338
- Related: $0
- Other: $1,000
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
Official website here: www.iblp.org
Where can I find the form 990 for Institute In Basic Life Principles?
Institute In Basic Life Principles's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iblp.org
Learn more at the official website: www.iblp.org
Mission Statement of Institute In Basic Life Principles
The Institute in Basic Life Principles, established with the intent to introduce individuals to Jesus Christ, is dedicated to providing clear instruction and training to individuals, families, churches, schools, communities, and businesses. This nonprofit organization aims to help these entities find success by following God's principles as outlined in Scripture. It accomplishes its mission primarily through seminars, educational programs, printed literature, and the operation of centers that facilitate training.
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Impact
October, 2024
The Institute in Basic Life Principles has made a significant impact by offering clear instruction and training that integrates biblical principles into everyday life. By hosting family conferences and a family camp, it has provided both youths and adults with opportunities for spiritual growth and practical guidance. These events not only foster personal connections but also reach a global audience through live streaming, allowing people around the world to engage with the teachings.
The organization’s focus on families, churches, schools, and communities creates a ripple effect, as participants are encouraged to apply these principles in various aspects of their lives. The emphasis on finding success through divine guidance promotes a holistic approach to well-being, nurturing spiritual, emotional, and relational development. Through seminars, educational programs, and accessible printed literature, the Institute equips individuals with the tools necessary for personal and communal flourishing rooted in faith.
This information is meant to be a general summary of Institute In Basic Life Principles. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $507,366
- Program Service Revenue: $848,634
- Gross Receipts: $4,172,382
Assets and Liabilities:
- Total Assets: $51,386,340
- Total Liabilities: $678,344
- Net Assets: $50,707,996
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINAR/CONFERENCE FEES
Revenue
$545,451
RENT FROM AFFILIATES
Revenue
$183,525
SUBSCRIPTIONS
Revenue
$72,811
TRAINING COURSES
Revenue
$46,847
Organization Details
Founding Year
1961
Principal Officer
Tim Levendusky
Website
www.iblp.orgNTEE Category
Code: X200 - Religion related
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