Nonprofit · EIN 74-2254797
WORLD BIBLE SCHOOL INCORPORATED
Tax-exempt · CEDAR PARK, TX 78613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,561,547 | $5,311,847 | $249,700 | $7,470,991 | $18,833 | $7,452,158 |
| December 31, 2023 | 990 | $5,549,158 | $4,845,648 | $703,510 | $6,900,057 | $22,409 | $6,877,648 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,695,626
- Program service revenue
- $629,605
- Investment income
- $237,248
- Royalties
- $101
- Net income from fundraising events
- -$24,319
- Other revenue
- -$932
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $462,608
- Other salaries and wages
- $1,316,709
- Salaries, compensation and benefits (total)
- $2,322,182
- Professional fundraising fees
- $0
- Accounting fees
- $17,880
- Occupancy
- $25,441
- Travel
- $261,982
- Depreciation
- $35,338
- Program services (functional)
- $4,090,742
- Management and general (functional)
- $388,162
- Fundraising (functional)
- $832,943
Balance sheet and other
- Total assets, start of year
- $6,900,057
- Total assets, end of year
- $7,470,991
- Total liabilities, end of year
- $18,833
- Net assets, end of year
- $7,452,158
- Land, buildings and equipment
- $526,354
- Publicly traded securities
- $5,967,551
- Net assets without donor restrictions
- $6,847,303
- Net assets with donor restrictions
- $604,855
- Gross receipts
- $5,585,866
- Employees
- 31
- Volunteers
- 2,200
- Year formed
- 1981
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM YAEGER | CIO Highest-paid employee | 40 | $104,845 | $45,749 |
| BRIAN DAVIS | PRESIDENT Officer | 40 | $71,109 | $58,002 |
| WILLIAM BUSH | CMO (1-8) CF Officer | 40 | $65,340 | $42,902 |
| MARCUS MCKEE | CFO (01-08/2 Officer | 40 | $55,453 | $48,000 |
| JOSH SNEED | REG. ADVANCM Officer | 40 | $49,730 | $27,371 |
| JEREMY ROBINETT | BOARD MEMBER Trustee or director | 1 | $44,703 | $0 |
| CHARLES GANUS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOSH SNEED | TREASURER (J Trustee or director, Officer | 1 | $0 | $0 |
| KEITH RALL | TREAS (03-12 Trustee or director, Officer | 1 | $0 | $0 |
| KEITH RALL | BOARD MEM (0 Trustee or director | 1 | $0 | $0 |
| LORI BOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AVA CONLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF JENKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES WILSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRADY SHIRLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| PATSIE TROWBRIDGE | BOARD MEMBER Trustee or director | 1 | $0 |
| WES RITCHIE | BOARD MEMBER Trustee or director | 1 | $0 |
| WASHINGTON MHLANGA | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRY WARE | BOARD MEM (0 Trustee or director | 1 | $0 |
| BRIAN WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM YAEGER | CIO Officer | 40 | $100,261 | $42,262 |
| BRIAN DAVIS | PRESIDENT Officer | 40 | $71,557 | $55,822 |
| MARCUS MCKEE | CHIEF GROWTH Officer | 40 | $47,790 | $48,000 |
| KEVIN RHODES | BUSINESS AFF Officer | 40 | $28,461 | $43,815 |
| JEREMY ROBINETT | BOARD MEMBER Trustee or director | 1 | $44,703 | $0 |
| GEORGE BARLOW | DIRECTOR (JA Trustee or director | 1 | $15,432 | $13,018 |
| CHARLES GANUS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DENNIS RAESENER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LORI BOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUSTIN CATES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AVA CONLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LINDSEY GARMON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF JENKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEITH RALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSH SNEED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES WILSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRADY SHIRLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATSIE TROWBRIDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WES RITCHIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WASHINGTON MHLANGA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERRY WARE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 16110 ANDERSON MILL RD, CEDAR PARK, TX 78613-7471
- Principal officer (990 for 2024)
- BRIAN DAVIS, 16110 ANDERSON MILL ROAD, CEDAR PARK, TX 78613
- Signed the 990
- BRIAN DAVIS, PRESIDENT
- Phone
- (512) 345-8190
- Return prepared by
- REYNOLDS & FRANKE PC
Mission
WORLD BIBLE SCHOOL, INC. IS A RELIGIOUS NOT-FOR-PROFIT ORGANIZATION DEDICATED TO TEACHING THE GOSPEL OF CHRIST BY USING BIBLE CORRESPONDENCE COURSES. THIS MISSION OF WBS IS WORLDWIDE AND IS SUPPORTED PRIMARILY BY CONTRIBUTIONS FROM INDIVIDUALS AND CHURCHES. WBS IS ASSOCIATED WITH CHURCHES OF CHRIST.
Program accomplishments
- ADVERTISING AND PROMOTIONAL PROGRAMS TO RECRUIT STUDENTS FOR WBS PUBLICATIONS, CORRESPONDENCE AND OTHER EDUCATIONAL COURSES.Expenses $1,820,170
- COURSE PUBLICATIONS PROVIDE CHRISTIAN EDUCATIONAL MATERIALS TO TEACHERS IN ORDER FOR THEM TO TEACH AND MINISTER TO PEOPLE AROUND THE WORLD.Expenses $1,481,124 · revenue $629,605
- WBS OFFERS COURSES THROUGH THE INTERNET TO REACH A LARGER POPULATION OF STUDENTS.Expenses $789,448
- CONTRIBUTION TO EXEMPT ORGANIZATION SUPPORTING TEACHERS AND STUDENTS DEDICATED TO TEACH AND LEARN ABOUT THE GOSPEL OF CHRIST BY USING BIBLE CORRESPONDENCE COURSES. MAILBOXES AND OR SCANNERS HAVE BEEN SET UP IN SEVENTEEN NATIONS FOR LOCAL STUDENTS TO MAIL OR SCAN THEIR LESSONS TO TEACHERS IN THE UNITED STATES. MAILBOXES ALLOW STUDENTS TO MAIL THEIR LESSONS USING CHEAPER DOMESTIC MAIL, RATHER THAN MORE EXPENSIVE INTERNATIONAL MAILING AND SCANNERS SPEED UP THE TIME IN BETWEEN LESSON EXCHANGES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2254797
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X800)
- Assets (IRS master file)
- $7,470,991
- Income (IRS master file)
- $5,585,866
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,549,158 | $4,845,648 | $6,900,057 | IRS |
| 990 | December 2022 | $4,592,996 | $5,135,695 | $5,958,211 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about WORLD BIBLE SCHOOL INCORPORATED
- What is the EIN of WORLD BIBLE SCHOOL INCORPORATED?
- The employer identification number (EIN) of WORLD BIBLE SCHOOL INCORPORATED is 74-2254797.
- Is WORLD BIBLE SCHOOL INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to WORLD BIBLE SCHOOL INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD BIBLE SCHOOL INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORLD BIBLE SCHOOL INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORLD BIBLE SCHOOL INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORLD BIBLE SCHOOL INCORPORATED?
- The 990 for the year ended December 31, 2024 names BRIAN DAVIS.
- Who are the officers and directors of WORLD BIBLE SCHOOL INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 21 people; 6 received compensation from the organization, the highest $104,845 (TIM YAEGER, CIO).
- How much revenue does WORLD BIBLE SCHOOL INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,561,547, expenses of $5,311,847 and total assets of $7,470,991 at year end.
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