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Institute in Basic Life Principles

Big Sandy, TX · EIN 36-6108515 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Institute in Basic Life Principles reported $10.6 million in revenue and $5.8 million in expenses for calendar year 2024. Of every $100 it spent, $42.88 went to program services, $57.12 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 74.8% of the total. The highest compensation it reported for one person was $113,253 (SECRETARY). 1 person received more than $100,000 in reportable compensation. Revenue rose 304% between 2020 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.8M

For context, the median across 290 covered religion-related charities: $88.39 programs, $9.62 management, $1.99 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $11M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 290 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
42.9%86.0%
Management & general
Part IX 25(C) ÷ 25(A)
57.1%9.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%1.9%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
3.5%83.4%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
7.2%2.3%
Highest reported compensation
Part VII-A, columns D–F
$113,253$276,040
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.95%1.40%
People paid over $100,000
Part VII, line 2
14
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
109.812.7
Independent voting board members
Part VI 1a–1b
1 of 490.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$1.0M expenses · 40.8% of program spending · grants $11,207 · revenue $430K

During 2024, family conferences and a family camp were held presenting biblical teaching and training for youths and adults. These events were live-streamed for people off-site to view in the U.S. As well as worldwide

$614K expenses · 24.6% of program spending · revenue $361K

In 2024, biblical teaching materials were created in the form of written, audio, video, and live presentations to teach practical truths from the bible. These christian materials were available for sale and downloads, as well as many free materials for people to access online

$692K expenses · 27.7% of program spending · grants $24,577 · revenue $87,026

In 2024, iblp presented training for young people in the areas of personal discipleship and music, and provided programs for strengthening families through parent and child activities. Iblp also ministered to inmates through faith-based chaplaincy programs

$171K all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
SECRETARY
Officer, 43.00 hrs/week
$108,667$0$4,586$113,253
TREASURER
Officer, 37.00 hrs/week
$76,513$0$2,467$78,980
PRESIDENT
Director/trustee, officer, 38.00 hrs/week
$50,916$0$2,711$53,627
BOARD MEMBER
Director/trustee, 0.50 hrs/week
$24,600$0$0$24,600
BOARD MEMBER
Director/trustee, 0.50 hrs/week
$1,000$0$0$1,000
BOARD MEMBER
Director/trustee, 0.50 hrs/week
$300$0$0$300

1 people received more than $100,000 in reportable compensation from Institute in Basic Life Principles (Part VII, line 2). Compensation of current officers, directors and key employees totaled $272K (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M20202021202220232024$11M$5.8M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$11M$5.8M42.9%$53M$113,253
2023 ⓘ$3.8M$5.7M51.0%$48M$112,536
2022 ⓘ$4.6M$7.0M56.3%$51M$113,684
2021 (amended) ⓘ$5.2M$6.1M52.5%$53M$85,738
2020 ⓘ$2.6M$5.3M56.8%$54M$90,002

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b4 · 1 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 580
  • Volunteers Part I, line 6100

Private foundation grants it received

2 private foundations reported grants to Institute in Basic Life Principles totaling $5,061 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Institute in Basic Life Principles's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Institute in Basic Life Principles, you can publish a response that is linked from this page.

Similar-sized charities in this cause

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Questions people ask

How much of Institute in Basic Life Principles's spending goes to programs?

In calendar year 2024, Institute in Basic Life Principles reported that 42.9% of its $5.8 million in expenses went to program services, 57.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Institute in Basic Life Principles pay its top executive?

The largest total compensation Institute in Basic Life Principles reported for one person in calendar year 2024 was $113,253, for the role of SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Institute in Basic Life Principles get its money?

Of $10.6 million in revenue in calendar year 2024, 3.5% came from contributions and grants and 7.2% from program service revenue (Form 990, Part VIII).

Is Institute in Basic Life Principles a registered charity?

The IRS lists EIN 36-6108515 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202513039349300141 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202423189349307712 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333189349301638 · read the filing
  • 2021: Form 990 for calendar year 2021 (amended), object 202302409349300120 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202122589349302107 · read the filing

All filings for EIN 36-6108515: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.