Berean Bible Society

Summary

The Berean Bible Society (BBS) was founded nearly sixty years ago for the sole purpose of helping believers understand and enjoy the Word of God. The organization holds without apology to all the fundamentals of the Christian faith and is evangelical, that is, they believe that salvation is by grace through faith alone on the basis of the shed blood of Christ.

BBS also emphasizes the importance of proclaiming the whole counsel of God in light of the Pauline revelation. Insofar as Paul is the apostle of the Gentiles, it is BBS's firm conviction that in his epistles alone we have the doctrine, position, walk, and destiny for the Church, the Body of Christ, during the dispensation of Grace.


Contact information

Mailing address:
N112W17761 Mequon Road, PO Box 756
Germantown, WI 53022-0756

Website: www.bereanbiblesociety.org

Phone: (262) 255-4750

Email: berean@execpc.com


Organization details

EIN: 362256600

CEO/President: Pastor Paul Sadler

Chairman: Pastor Paul Sadler

Board size: 7

Founder:

Year founded:

Tax deductible: Yes

Fiscal year end: 02/28

Member of ECFA: No

Member of ECFA since:


Purpose

    For over 60 years the Berean Bible Society (BBS) has been "An Organization for the Promotion of Bible Study." Standing firm on the fundamentals of the Christian faith, it employs many means to interest people in the study of the Scriptures, among them the following:
  • BBS arranges Bible Conferences for the study of God's Word. Its President, Paul M. Sadler, has spoken at many such conferences throughout the United States and Canada.

  • The Society publishes the Berean Searchlight, a Bible study magazine edited by Pastor Sadler. It is sent free of charge to readers in every state in the Union and more than sixty foreign countries.

  • BBS offers a wide selection of literature on various subjects to help believers understand and enjoy the Bible. A price list of these works is available upon request.

  • The Berean Bible Society also has a Web Site on the Internet which serves to introduce the masses to the preaching of Jesus Christ according to the revelation of the Mystery. The web site address is www.bereanbiblesociety.org.

  • Audio tapes are provided free of charge through our free lending library for personal use and for Bible classes.

  • "Two Minutes With the Bible," a weekly newspaper column featured in hundreds of newspapers across the country, is another means BBS uses to reach the masses with the Word. This column now has a weekly readership running into the millions.

    These growing ministries are carried on by the voluntary contributions of believers who desire to see others reached with the truths that have brought so much light and blessing to their own lives.

Mission statement

The purpose of the Berean Bible Society is to promote Christian spiritual education and encourage the study of the Holy Scriptures by means of lectures, seminars, taped messages, conferences, and through literature such as the Berean Searchlight magazine.


Statement of faith

The Berean Bible Society uses the following to express its Doctrinal Statement:

WE BELIEVE: 1) The verbal inspiration and plenary authority of the BIBLE in its original writings.

2) The eternal trinity of the GODHEAD.

3) The eternal deity, virgin birth, vicarious death, and spotless humanity of the LORD JESUS CHRIST.

4) MANKIND by nature is sinful and under the condemnation of God.

5) Personal SALVATION is by God's grace, through faith in the crucified, risen, and glorified Christ.

6) The ETERNAL SECURITY of all the saved.

7) The personality and deity of the HOLY SPIRIT.

8) The essential unity of all believers of the present dispensation as members of the one true Church, the BODY OF CHRIST.

9) The GIFTS enumerated in Ephesians 4:7-16, have been given for the building up of the Body of Christ, and of these, only evangelists, pastors, and teachers are in order during the present dispensation. The sign gifts of the Acts period were temporary in character, and have ceased.

10) The privilege and duty of all the saved to WALK by faith as children of light.

11) The Communion of the LORD'S SUPPER as revealed through Paul for the members of the Body of Christ "TILL HE COME."

12) All believers are made members of the Body of Christ by One Divine BAPTISM, by which also they are identified with Christ in His death, burial and resurrection. In the light of I Corinthians 1:17, Ephesians 4:5. and Colossians 2:12, we affirm that water baptism has no place in God's spiritual program for the Body of Christ in this dispensation of grace.

13) The RESURRECTION of the Body.

14) The Pretribulation RAPTURE of the Church.

15) The personal, premillennial RETURN OF CHRIST to reign on earth.

16) The ETERNAL PUNISHMENT of the unsaved dead.

17) The MYSTERY "Hid in God" was the divine purpose to make of Jew and Gentile a whole new thing, that is, the Church, which is Christ's Body. The revelation of this Mystery was committed to Paul, and it is in his writings alone that we find the doctrine, position, walk and destiny of the Church.

Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating320 of 42331 of 47
Fund acquisition rating72 of 4239 of 47
Resource allocation rating377 of 42337 of 47
Asset utilization rating382 of 42340 of 47

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20162015201420132012
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%2%4%4%1%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%2%3%4%1%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%93%83%91%96%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%3%4%4%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%7%17%9%4%9%
 
Operating ratiosMedian % for
all ministries in
MW database
20162015201420132012
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%63%64%62%62%62%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%65%111%96%35%73%
Program output ratio Program output ratio =
Program services /
Total revenue
81%41%71%60%22%45%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%35%-11%4%65%27%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%10%-2%1%35%10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%34%33%34%34%35%
 
Investing ratiosMedian measure
for all ministries
in MW database
20162015201420132012
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.300.180.200.190.190.27
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.543.334.393.792.613.52
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.540.590.890.720.500.97
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20162015201420132012
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.96463.58431.423102.916380.822945.94
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.0720.1613.4916.7624.0512.43
 
Solvency ratiosMedian % for
all ministries in
MW database
20162015201420132012
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%560%494%529%524%364%

Financials

Balance sheet
 
Assets20162015201420132012
Cash$910,882$527,731$709,775$958,059$451,311
Receivables, inventories, prepaids$174,353$211,291$159,040$143,205$149,661
Short-term investments$0$0$0$149,377$0
Other current assets$0$0$0$0$0
Total current assets$1,085,235$739,022$868,815$1,250,641$600,972
Long-term investments$320,000$200,000$200,000$0$0
Fixed assets$582,266$528,070$550,570$561,361$512,242
Other long-term assets$1,624,578$1,778,434$1,673,171$1,457,385$1,002,829
Total long-term assets$2,526,844$2,506,504$2,423,741$2,018,746$1,515,071
Total assets$3,612,079$3,245,526$3,292,556$3,269,387$2,116,043
 
Liabilities20162015201420132012
Payables and accrued expenses$2,341$1,713$280$196$204
Other current liabilities$0$0$0$0$0
Total current liabilities$2,341$1,713$280$196$204
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$1,708$1,343
Total long-term liabilities$0$0$0$1,708$1,343
Total liabilities$2,341$1,713$280$1,904$1,547
 
Net assets20162015201420132012
Unrestricted$3,602,250$3,243,813$3,292,276$3,267,483$2,114,496
Temporarily restricted$7,488$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$3,609,738$3,243,813$3,292,276$3,267,483$2,114,496
 
Revenues and expenses
 
Revenue20162015201420132012
Total contributions$924,867$487,419$587,693$1,704,037$723,586
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$21,391$31,086$18,663$24,122$21,753
Other revenue$49,299$70,829$40,377$48,650$51,497
Total other revenue$70,690$101,915$59,040$72,772$73,250
Total revenue$995,557$589,334$646,733$1,776,809$796,836
 
Expenses20162015201420132012
Program services$407,384$421,366$386,885$389,817$357,341
Management and general$220,209$216,174$212,109$210,850$202,494
Fundraising$17,047$18,561$22,884$23,155$20,321
Total expenses$644,640$656,101$621,878$623,822$580,156
 
Change in net assets20162015201420132012
Surplus (deficit)$350,917($66,767)$24,855$1,152,987$216,680
Other changes in net assets$0$0$0$0$0
Total change in net assets$350,917($66,767)$24,855$1,152,987$216,680

Response from ministry

No response has been provided by this ministry.


History

Berean Bible Society began in a two-room school house in Preakness (now Wayne), New Jersey. Here a group of believers began to see the importance of understanding the "the mystery" revealed to Paul, and the urgency of proclaiming the unadulterated "gospel of the grace of God". It was C.R. Stam's first pastorate: the Preakness Community Church.
When the schoolhouse had to be torn down, the little group felt led of God to launch a building program, even though they were in the depth of the Great Depression. In this church the Berean Searchlight was first published.
Later, in 1945, Pastor and Mrs. Stam moved to Milwaukee, where he joined Pastor Charles F. Baker in establishing the Milwaukee Bible Institute. The Berean Searchlight, however, and Pastor Stam's broadcast and wire recorded Bible lessons continued from a rented office. The Institute opened its doors for classes on September 15, 1945, with Charles R Baker as president and instructor in Bible Doctrine, and C. R. Stam as dean and instructor in Bible Exposition and Dispensationalism.
In 1953 the Berean Bible Society was moved to Chicago, the center of Fundamentalism in America at that time. A building only two years old, well built and situated on one of Chicago's main thoroughfares (Belmont Avenue) was purchased for only $38,600. Now the Berean Searchlight would at last be published in a building of its own.
By 1958, however, the building BBS had purchased was already too cramped for efficient operation and had to be enlarged. As the ministries of Berean Bible Society kept growing, the building had to be enlarged again in the late sixties.
In 1987, Pastor Stam retired as a result of declining health. In his place, Pastor Paul Sadler, of Falls Bible Church of Menomonee Falls, Wisconsin was hired as president.
In the fall of 1993 the Board of Directors began diligently working on a much needed expansion project. Their Chicago facility had served well for over 50 years, but it was time again to expand. The Board of Directors voted unanimously to relocate the ministries of the Berean Bible Society to a northwest suburb of Milwaukee. A new facility was erected in Germantown, Wisconsin.


Program accomplishments


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