Moody Bible Institute

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/23/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Moody exists to reach across the globe, cultures and generations to equip people with the truth of God's Word to impact the world for Christ.


Contact information

Mailing address:
Moody Bible Institute
820 N. LaSalle Blvd.
Chicago, IL 60610

Website: moody.edu

Phone: (312) 329-4000

Email: info@moody.edu


Organization details

EIN: 362167792

CEO/President: Dr. Mark Jobe

Chairman: Mr. T. Randall Fairfax

Board size: 12

Founder: D.L. Moody

Year founded: 1933

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

Everything we do at Moody falls under the authority of the Bible, which declares timeless truth that is relevant today and throughout every generation. We believe that understanding and sharing God's Word is a lifelong journey. And we're committed to providing encouragement for you in your walk with Christ.


Mission statement

Across the globe, cultures and generations Moody will equip people with the truth of God's Word using new technology in an agile and innovative community.


Statement of faith

God is triune, one Being eternally existing in three co-equal Persons: Father, Son, and Holy Spirit; these divine Persons, together possessing the same eternal perfections, work inseparably and harmoniously in creating, sustaining, and redeeming the world. The Bible, including both the Old and the New Testaments, is a divine revelation, the original autographs of which were verbally inspired by the Holy Spirit. Jesus Christ is the image of the invisible God, which is to say, He is Himself very God; He took upon Himself our nature, being conceived by the Holy Spirit and born of the Virgin Mary; He died upon the cross as a substitutionary sacrifice for the sin of the world; He arose from the dead in the body in which He was crucified; He ascended into heaven in that body glorified, where He is now our interceding High Priest; He will come again personally and visibly to set up His kingdom and to judge the quick and the dead. Man was created in the image of God but fell into sin, and, in that sense, is lost; this is true of all men, and except a man be born again he cannot see the kingdom of God; salvation is by grace through faith in Christ who His own self bore our sins in His own body on the tree; the retribution of the wicked and unbelieving and the rewards of the righteous are everlasting, and as the reward is conscious, so is the retribution. The Church is an elect company of believers baptized by the Holy Spirit into one body; its mission is to witness concerning its Head, Jesus Christ, preaching the gospel among all nations; it will be caught up to meet the Lord in the air ere He appears to set up His kingdom.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating658 of 81791 of 100
Fund acquisition rating736 of 81795 of 100
Resource allocation rating375 of 81748 of 100
Asset utilization rating586 of 81785 of 100

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%22%24%23%25%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%10%9%9%10%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%43%37%38%38%40%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%9%9%9%9%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%57%63%62%62%60%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%85%86%86%86%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%103%100%101%104%104%
Program output ratio Program output ratio =
Program services /
Total revenue
82%88%86%88%90%90%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-3%0%-1%-4%-4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-2%0%-1%-3%-3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%5%5%5%4%4%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.340.340.340.330.32
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.883.533.483.402.822.81
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.691.211.181.140.930.91
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.868.119.868.6712.1911.62
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.120.100.120.080.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.808.709.169.2711.9012.10
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%54%54%56%58%62%
Debt ratio Debt ratio =
Debt /
Total assets
17%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%134%137%132%127%119%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$10,718,392$5,257,349$5,950,927$7,041,610$9,473,429
Receivables, inventories, prepaids$19,050,412$19,807,720$19,453,213$18,638,625$17,299,284
Short-term investments$63,233,574$72,537,645$77,499,957$99,837,903$101,382,222
Other current assets$0$0$0$0$0
Total current assets$93,002,378$97,602,714$102,904,097$125,518,138$128,154,935
Long-term investments$8,633,343$8,887,715$9,707,493$7,940,831$8,670,034
Fixed assets$71,028,295$73,236,461$69,811,826$54,414,726$51,995,052
Other long-term assets$155,979,986$160,059,742$167,926,274$165,487,756$171,589,560
Total long-term assets$235,641,624$242,183,918$247,445,593$227,843,313$232,254,646
Total assets$328,644,002$339,786,632$350,349,690$353,361,451$360,409,581
 
Liabilities20202019201820172016
Payables and accrued expenses$11,460,634$9,897,520$11,866,986$10,296,508$11,028,533
Other current liabilities$0$0$0$0$0
Total current liabilities$11,460,634$9,897,520$11,866,986$10,296,508$11,028,533
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$166,392,279$172,719,111$183,500,023$195,430,428$210,675,466
Total long-term liabilities$166,392,279$172,719,111$183,500,023$195,430,428$210,675,466
Total liabilities$177,852,913$182,616,631$195,367,009$205,726,936$221,703,999
 
Net assets20202019201820172016
Unrestricted$0$67,388,797$64,711,056$50,792,269$41,825,569
Temporarily restricted$0$48,448,201$50,024,765$57,519,844$58,500,395
Permanently restricted$0$41,333,003$40,246,860$39,322,402$38,379,618
Net assets$150,791,089$157,170,001$154,982,681$147,634,515$138,705,582
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$47,120,934$42,364,275$43,722,616$42,253,837$45,200,719
Program service revenue$55,745,402$64,868,528$63,914,169$62,548,964$63,753,872
Membership dues$0$0$0$0$0
Investment income$5,197,298$6,123,926$7,600,377$5,737,935$2,127,614
Other revenue$943,436$1,018,741$897,343$731,275$884,365
Total other revenue$61,886,136$72,011,195$72,411,889$69,018,174$66,765,851
Total revenue$109,007,070$114,375,470$116,134,505$111,272,011$111,966,570
 
Expenses20202019201820172016
Program services$95,751,824$98,294,343$101,692,233$100,485,438$101,010,180
Management and general$6,142,060$6,295,260$5,973,343$4,957,667$4,903,723
Fundraising$10,588,895$10,337,878$10,144,147$10,771,143$10,196,670
Total expenses$112,482,779$114,927,481$117,809,723$116,214,248$116,110,573
 
Change in net assets20202019201820172016
Surplus (deficit)($3,475,709)($552,011)($1,675,218)($4,942,237)($4,144,003)
Other changes in net assets$0$0$0$0$0
Total change in net assets($3,475,709)($552,011)($1,675,218)($4,942,237)($4,144,003)

Compensation

NameTitleCompensation
Mark JobePresident & CEO$320,018
Greg ThorntonEx Vice Pres$220,713
Kenneth D HeulittCFO Retired6/20$218,577
Mark A WagnerCOO$206,690
Samuel S ChoyCMO$186,931
Janet A StivenGen Counsel$180,106
James G ElliottVice President$174,266
Debbie A ZelinskiVice President$169,879
Paul J SanthouseVice President$165,679
Douglas W HastingsVice President$161,310
John D SaucedaVice President$150,692
Bruce EverhartVice President$149,959
Bryan L O'NealVice President$145,260
Linda M WahrController$142,655
Ryan JuneAsst Gen Counsel$136,596
Karl J ClausonRadio Host$134,778
Larry DavidhizarFormer VP as of 6/30/19$134,576
Pepi O ManiesonDir Enterprise App$133,619
Timothy E ArensVice President$128,401
Michael RydelinkProfessor$127,838
John A Jelinek left 71719Interim Provost$121,120
Heather ShalleyVice President$117,090
Winfred O NeelyVice President$111,057
Frank W LeberVP Left 9/2019$110,335
Dwight A Perry 1219Provost$1,212

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/23/2020. To update the information below, please email: info@ministrywatch.com


History

D.L. Moody arrived in Chicago in 1856 with dreams of making a fortune in the shoe business. Deeply burdened by the city's poor, uneducated children, Moody's mission quickly shifted to teaching them the Bible. These initial Sunday school meetings in a converted saloon birthed Moody Bible Institute and the ministries that followed. D.L. Moody's passion for honoring God's call on his life and his heart for serving others is the foundation for each of Moody's ministries. From its beginnings and through today, Moody Bible Institute has followed the example of its founder to be a practical, compassionate pioneer in training a multicultural, multi-generational worldwide network of influencers to impact the world for Christ. There have been many key moments in the history of Moody Bible Institute, like the founding of the Moody Evangelical Society (the pre-curson to Moody Bible Institute) and Moody Aviation. Many influential people have been behind Moody's far-reaching ministry, like Emma Dryer, the teacher who inspired D.L. Moody to begin his training school, and George Beverly Shea, the award-winning soloist on the Billy Graham Crusades. Moody has also had many groundbreaking milestones in Christian media, like the launch of WMBI, the oldest non-commercial Christian radio station in the U.S., and the Moody Institute of Science, whose films taught a generation about God's creation.


Program accomplishments


Needs