Bible Study Fellowship/ BSF

Summary

Bible Study Fellowship ("BSF") conducts Bible study classes in the United States, with registrations located in numberous countries around the world. BSF is a lay Christian organization, not affiliated with any church or group of individuals or underwritten in any way. Classes are held in churches, which invite BSF to use their facilities for community outreach. BSF was founded in 1959. BSF is organized as an international interdenominational California nonprofit organization.

Contributions to BSF are fully deductible to the extent allowed by the law. BSF is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
19001 Huebner Rd
San Antonio, TX 78258-4019

Website: www.bsfinternational.org

Phone: (210) 492-4676

Email:


Organization details

EIN: 941514010

CEO/President: Susie Rowan

Chairman: Mr. G. Bruce Smith

Board size: 11

Founder: A. Wetherall Johnson

Year founded: 1959

Tax deductible: Yes

Fiscal year end: 08/31

Member of ECFA: Yes

Member of ECFA since: 1981


Purpose

Bible Study Fellowship ("BSF") conducts Bible study classes in the United States, with registrations located in numberous countries around the world. BSF is a lay Christian organization, not affiliated with any church or group of individuals or underwritten in any way. Classes are held in churches, which invite BSF to use their facilities for community outreach. BSF was founded in 1959.

BSF is organized as an international interdenominational California nonprofit organization. Contributions to BSF are fully deductible to the extent allowed by the law.

BSF is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

BSF uses the following to communicate its vision:

The vision of BSF International is classes teaching the Bible to produce in all participants a vibrant relationship with God and, in as many as are called, a passion to commit without reservation to lead in the cause of Christ in the world.


Statement of faith

BSF uses the following to communicate its doctrine:

The Bible Study Fellowship Bylaws, Article VI, contain the following doctrinal basis:

We, the entire Leadership of Bible Study Fellowship, including the Board of Directors, commit ourselves without reservation to the statement of belief as herein set forth:

We believe that the sixty-six books of Holy Scripture as originally given are in their entirety the Word of God verbally inspired and wholly without error in all that they declare and, therefore, are the supreme and final authority of faith and life.

We believe in one Triune God--Father, Son, and Holy Spirit.

We believe in the Virgin Birth and the Deity of Jesus Christ, the eternal Son of God, who is also Son of Man, with two distinct natures in one Person forever.

We believe the vicarious substitutionary death of Jesus Christ on the cross made atonement for the sin of the world, efficient for all who repent and believe.

We believe in the bodily resurrection of our Lord Jesus Christ which ensures the resurrection of all believers who have received God's gift of eternal life.

We believe also in a resurrection of judgment in regard to unbelievers who reject the gospel.

We believe in the imminent, visible, and bodily return of Christ to this earth to set up His kingdom and to judge the world in righteousness.

We believe that man was originally created in the image of God, that he fell into sin through the first Adam, and that he is responsible for all sin committed. Sin causes him to be separated from God and lost eternally.

We believe that salvation from everlasting punishment and entrance into a state of fellowship with God are secured only by a personal belief that Christ bore our sins in His own body on the cross and by a definite receiving of Christ, through the Person of the Holy Spirit, into one's inner being. This is to receive eternal life and to be sealed unto the Day of Redemption.

We believe that the Holy Spirit thus indwells all who receive Jesus Christ as both Savior and Lord.

We believe that the Holy Spirit is responsible for the quickening from death into life and for the continuing of the work of sanctification in the believer.

We believe that the church is the body of Christ, a spiritual organism of born again believers who are called to be identified with Christ in baptism and to remember His death in the Lord's Supper.

We believe that all believers are called to be in the world but separate from it.

We believe that Christians are called to witness for Christ, to preach the gospel to all nations, and to study the Bible personally through the power of the indwelling Holy Spirit until each one is matured into the preordained purpose of God for him.

Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating94 of 43010 of 46
Fund acquisition rating44 of 4306 of 46
Resource allocation rating94 of 4307 of 46
Asset utilization rating293 of 43028 of 46

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%84%85%101%75%76%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%16%15%-1%25%24%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%89%89%87%89%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%83%75%89%92%87%
Program output ratio Program output ratio =
Program services /
Total revenue
81%74%66%77%82%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%17%25%11%8%13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%14%26%11%9%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%11%13%11%10%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.660.720.650.760.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.341.381.431.541.59
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.530.880.990.921.171.18
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.0917.8931.7540.0155.578.99
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.060.030.020.020.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.0712.8511.7412.6610.109.02
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%4%6%23%23%27%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%146%131%119%102%99%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$9,749,039$8,702,396$9,005,542$6,441,325$6,965,636
Receivables, inventories, prepaids$3,229,305$1,767,102$1,229,284$981,747$1,680,750
Short-term investments$16,345,015$14,663,288$11,907,735$11,190,064$9,239,193
Other current assets$0$0$0$0$0
Total current assets$29,323,359$25,132,786$22,142,561$18,613,136$17,885,579
Long-term investments$0$0$0$0$0
Fixed assets$9,958,678$9,325,746$9,398,844$9,870,664$9,466,545
Other long-term assets$121,162$116,203$112,806$134,811$1,116,344
Total long-term assets$10,079,840$9,441,949$9,511,650$10,005,475$10,582,889
Total assets$39,403,199$34,574,735$31,654,211$28,618,611$28,468,468
 
Liabilities20172016201520142013
Payables and accrued expenses$525,255$553,935$553,427$334,938$622,339
Other current liabilities$1,114,060$237,537$0$0$1,366,134
Total current liabilities$1,639,315$791,472$553,427$334,938$1,988,473
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$1,247,939$6,814,593$6,117,702$5,645,936
Total long-term liabilities$0$1,247,939$6,814,593$6,117,702$5,645,936
Total liabilities$1,639,315$2,039,411$7,368,020$6,452,640$7,634,409
 
Net assets20172016201520142013
Unrestricted$34,620,135$29,069,031$20,987,582$19,653,773$18,803,478
Temporarily restricted$3,136,879$3,459,423$3,291,739$2,505,328$2,023,711
Permanently restricted$6,870$6,870$6,870$6,870$6,870
Net assets$37,763,884$32,535,324$24,286,191$22,165,971$20,834,059
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$26,152,598$28,289,517$23,331,650$17,648,425$18,474,980
Program service revenue$3,875,168$4,331,294$0$4,819,965$2,992,004
Membership dues$0$0$0$0$0
Investment income$1,046,715$621,143($261,309)$1,114,810$458,357
Other revenue$38,035$37,644$45,575$53,031$2,325,883
Total other revenue$4,959,918$4,990,081($215,734)$5,987,806$5,776,244
Total revenue$31,112,516$33,279,598$23,115,916$23,636,231$24,251,224
 
Expenses20172016201520142013
Program services$23,001,501$22,087,097$17,855,069$19,420,463$19,036,132
Management and general$2,854,114$2,783,227$2,616,521$2,299,002$2,113,132
Fundraising$0$0$0$0$0
Total expenses$25,855,615$24,870,324$20,471,590$21,719,465$21,149,264
 
Change in net assets20172016201520142013
Surplus (deficit)$5,256,901$8,409,274$2,644,326$1,916,766$3,101,960
Other changes in net assets($28,341)($160,141)($524,106)($584,854)$0
Total change in net assets$5,228,560$8,249,133$2,120,220$1,331,912$3,101,960

Response from ministry

No response has been provided by this ministry.


History

BSF incorporated on October 2, 1961.

The organization is a continuation of the unincorporated association which existed under the name of Bible Study Fellowship from February 21, 1959 to October 2, 1961. The change was made upon advice of their attorney to secure perpetuity of existence, limited liability and to operate more effectively in other jurisdictions.

The predecessor organization was held exempt under the Internal Revenue Code.

The organization was formed for the purpose of providing classes for the study of the Bible. Originally the Director would distribute written questions and suggestions to class members for study at their homes. They then would meet in class study groups for discussion of the lessons under the supervision of the Executive Director and assistants.


Program accomplishments


Needs

All of the receipts are derived from voluntary contributions by persons attending the Bible Study Fellowship classes conducted by the corporation and by gifts received from interested friends.

The basic means of support is an offering plate at the door at the end of class supplemented by unsolicited gifts sent to headquarters.