Overview
What is Bible Studies Inc?
Bible Studies Inc, operating under the names Market Life Ministries and Just For Women Ministries, is a nonprofit organization primarily based in Darlington, South Carolina. They are dedicated to conducting weekly Bible study meetings and conferences in various locations, not just limited to South Carolina and North Carolina, but also expanding internationally, with a significant focus on Africa. Their mission is centered around spreading the Gospel of Jesus Christ and encouraging individuals to lead a Christian life, modeled after Jesus Christ, through various Bible study mediums.
Official website here: www.cfbd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%, Two-Star out of Four Star rating)
Bible Studies Inc, operating as Market Life Ministries & Just For Women Ministries, has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. The overall score of 69% reflects both strengths and weaknesses in its accountability and financial practices. While the organization boasts a fully independent board with no material diversion of assets, it lacks essential financial statements and several key governance policies.
The nonprofit has demonstrated a high program expense ratio of 98.34%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. This is a positive indicator of its commitment to programmatic efficacy. However, the absence of critical documents such as financial statements and policies regarding conflict of interest, whistleblower protections, and document retention raises concerns about its governance and transparency.
Overall, while the organization scores well in certain areas like independent board membership and program spending, the lack of transparency and governance documentation is a notable limitation. Addressing these issues could enhance its credibility and efficacy moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Bible Studies Inc legitimate?
Bible Studies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bible Studies Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,792
For more financial information, click here
Official website here: www.cfbd.org
What is the mission statement of Bible Studies Inc?
Bible Studies Inc, operating under the names Market Life Ministries and Just For Women Ministries, is dedicated to spreading the teachings of Jesus Christ and encouraging a Christian lifestyle. They achieve this goal through various Bible study mediums. Their mission is centered around promoting the gospel of Jesus Christ and inspiring individuals to live their lives in a manner that mirrors their Lord and Savior. This is accomplished through weekly Bible study meetings and conferences, as well as international missions, primarily in Africa.
Official website here: www.cfbd.org
What is the revenue of Bible Studies Inc?
Bible Studies Inc's revenue in 2023 was $1,489,185.
Official website here: www.cfbd.org
Who are the executives of Bible Studies Inc and what are their salaries?
The average compensation at Bible Studies Inc during 2023 was $37,198. There are 4 employees at Bible Studies Inc.
Here are 5 key members and their salaries:
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Official website here: www.cfbd.org
Where can I find the form 990 for Bible Studies Inc?
Bible Studies Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfbd.org
Learn more at the official website: www.cfbd.org
Mission Statement of Bible Studies Inc
Bible Studies Inc Dba Market Life Ministries & Just For Women Ministries is dedicated to spreading the teachings of Jesus Christ and encouraging individuals to live a Christian life. They achieve this mission through various Bible study mediums, serving communities in South Carolina and North Carolina, as well as internationally, predominantly in Africa. The organization holds weekly Bible study meetings and conferences, providing a platform for individuals to deepen their faith and understand their role as followers of Christ. By modeling their activities after Jesus Christ, Bible Studies Inc Dba Market Life Ministries & Just For Women Ministries aims to inspire and guide others on their spiritual journey.
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Impact
July, 2024
The impact of Bible Studies Inc Dba Market Life Ministries & Just For Women Ministries can be seen in the lives of individuals who have been reached with the Gospel of Jesus Christ and encouraged to lead a Christian life modeled after our Lord and Savior. Through their weekly Bible study meetings, conferences, and international missions predominantly in Africa, they are actively spreading the teachings of Jesus Christ and providing support for individuals seeking to deepen their faith and relationship with God. Their work has the potential to inspire positive transformation and spiritual growth in the lives of many, both locally and internationally.
This information is meant to be a general summary of Bible Studies Inc. 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.
- Program Service Revenue: $19,313
- Gross Receipts: $1,489,185
Assets and Liabilities:
- Total Assets: $1,239,468
- Total Liabilities: $318,048
- Net Assets: $921,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATIONS
Revenue
$17,447
MEALS AT SEMINARS
Revenue
$1,866
Organization Details
Founding Year
1980
Principal Officer
Sean Vereen
Website
www.cfbd.orgNTEE Category
Code: X20 - Religion related
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