2026-04-23T12:37:40+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 362167792 The Moody Bible Institute of Chicago MOOD 3123294000 820 N LaSalle Blvd Chicago IL 606103284 Maggie Martensen CFO 2026-04-23 true false Jennifer Burke P01342224 3128997000 2026-04-23 2024 2025-03-06 01:10:19Z Mark Jobe 820 N LaSalle Blvd Chicago IL 606103284 311601300 false X www.moodybible.org X 1887 IL Moody exists to proclaim the gospel and equip people to be biblically grounded, practically trained, and to engage the world through gospel-centered living. In short, we prepare people for their purpose and calling! 13 12 1804 17 583133 211546 59541565 61883438 51042225 54661541 8710508 13029466 0 119294298 129574445 2632169 1983838 0 70110633 74413471 893327 1615704 14016582 53158211 56751250 126794340 134764263 -7500042 -5189818 549888224 571805894 180800801 189517941 369087423 382287953 X Moody Bible Institute is a higher education and media ministry that exists to equip people with the truth of God's word to be maturing followers of Christ who are making disciples around the world. Moody is best known for its education branch, which includes a fully accredited undergraduate school and seminary, as well as distance learning. Other primary ministries include Moody Radio and Moody Publisher. false false 62142150 1983838 28764260 Education: The mission of Moody Education is to educate students to think biblically, live Christianly, and serve the church effectively. Number of Students (2024-2025 school year): Undergraduate School 1,834 Graduate School 790 50 states and the District of Columbia and 49 Countries are currently represented by international students throughout Moody. 6% of Undergraduate students are international, and 8.6% of Graduate students are international. 6.8% of students are international, both Undergraduate and Graduate students. These following majors or emphases are offered: Undergraduate Certificates: Ministry Leadership, Ministry to Women, Biblical and Theological Studies, Biblical Studies, Children and Family Ministry, Disability Ministry, Human Services, Intercultural Studies and Worship Leading. Associate degrees: Biblical Studies, Children and Family Ministry, CRISIS AND TRAUMA CARE, Human Services and Intercultural Studies and TESOL (Teaching English to Speakers of Other Languages). Bachelor of Science Degrees: Christian Psychology, Crisis and Trauma Care, Cultural Engagement, (HUMAN SERVICES - COUNSELING, CRISIS AND TRAUMA, PSYCHOLOGY), Integrated Ministry Studies, (Ministry Leadership -Children and Family Ministry, Disability Ministry, Human Services, Leadership, Ministry to Women, Preaching), (Missionary Aviation Technology - Flight or Maintenance), Biblical Studies, (Theological Studies - Christian Thought or Spiritual Formation),. Bachelor of Arts Degrees: Biblical Languages, Biblical Studies, Biblical Studies-Music Emphasis, CRISIS AND TRAUMA CARE, Ministry to Women, (Missional Leadership - Nonprofit Management or Interdisciplinary), Pastoral Studies, Pastoral Studies - Biblical Preaching, Youth Ministry, Theology, Children and Family Ministry, Elementary Education with Association of Christian Schools International Certification, Human Services, Applied Linguistics, Intercultural Studies, Jewish Studies, TESOL, and Communications, (Music - Music Ministry or Worship and Media Arts). These programs include the following emphases: Graduate certificate in biblical preaching, biblical spiritual formation and discipleship, Christian community development, Christian counseling, Church Planting, ministry leadership, nonprofit administration and leadership, Pastoral Studies, TESOL, biblical foundation, biblical languages - New Testament or Old Testament, biblical studies, New Testament studies, Old Testament studies, theological studies, marriage, family, and couples counseling and trauma-informed counseling. Master of arts in: biblical spiritual formation and discipleship, ministry leadership, (ministry studies Christian counseling, leadership, missions, ministry entrepreneurship, interdisciplinary), nonprofit administration and leadership, [pastoral studies - biblical preaching, pastoral ministry, or advanced track], [TESOL], [biblical and theological studies], [biblical studies], clinical mental health counseling, (marriage, family, and couple counseling, trauma-informed counseling), counseling psychology. Master of Divinity in: Biblical Languages, Biblical Preaching, Biblical Spiritual Formation and Discipleship, Interdisciplinary Studies, Ministry Leadership, Nonprofit Administration and Leadership, and Pastoral Studies. Master of Theological Studies - New Testament, Master of Theological Studies - Old Testament Doctor of Ministry - Biblical Preaching, CHRISTIAN COMMUNITY DEVELOPMENT, EXECUTIVE LEADERSHIP AND MINISTERIAL MANAGEMENT, INTERDISCIPLINARY STUDIES, PASTORAL CARE AND COUNSELING. 22953244 0 5125856 Moody Global Radio is one of the oldest Christian radio and media networks in the U.S., having aired its first broadcast in 1926 in Chicago. Respected as an industry leader and a trusted voice, Moody Global Radio has 70 full power stations and translators, 19 digital channels, a podcast network, and more than 1,800 outlets that carry its programming, reaching millions of listeners through terrestrial stations and digital platforms in both English and Spanish. Moody Global Radio addresses today's issues from a biblical worldview and helps listeners take the next step in their journey with Jesus Christ by creating and delivering practical and life-changing content, so that our listeners become Biblically grounded, practically trained, and able to engage the world through Gospel-centered living. For more information about Moody Global Radio, please visit www.moodyradio.org. 20486425 0 18601803 Publishing: The mission of Moody Publishers (MP) is to resource the Church's work of discipling all people. Its vision is for readers to know, love, and serve Jesus Christ. In doing so, MP provides resources for MBI to train future Christian leaders. Each year MP seeks to add approximately 50 new titles to its collection, which now includes more than 1,300 titles in print. The most successful publications are from MP authors Gary Chapman, Nancy Demoss Wolgemuth, John MacArthur, and A.W. Tozer. Gary Chapman is the author of the #1 New York Times Bestseller "The 5 Love Languages" with over Twenty million copies sold. Nancy Demoss Wolgemuth is the host and teacher for the Moody Radio Daily Program, "Revive our Hearts". John MacArthur was pastor-teacher of Grace Community Church in California and host and teacher of Moody Radio daily program "Grace to you". 7317044 0 2169622 Other Programs include our conference Ministries and various programs that support our mission. 7317044 2169622 112898863 true true false false false false false true false true true false false true true true true false false false true false false true false false false false true true false false false false false false false false false false true false false false false true false false false false true 4346 0 true 1804 true true true false false false false false false false false true false false false X 13 12 false false false false false false false true true false false false true true true true true true true true false false CA IL IN MD X X Maggie Martensen 3123294000 820 N Lasalle Blvd Chicago IL 606103284 Julianna Slattery Trustee, Assistant Secretary 2.5 X X 0 0 0 Mark Flannery Vice Chairman 2.5 X X 0 0 0 Mark Jobe President & CEO 38.8 X X 298235 0 99941 Richard E Warren Chairman 2.5 X X 0 0 0 T Randall Fairfax Trustees Secretary 2.5 X X 0 0 0 James Meeks Trustee 2.0 X 0 0 0 Karen Melby Suwyn Trustee 2.0 X 0 0 0 Manuel J Gutierrez Trustee (Thru 5/2025) 2.0 X 0 0 0 Michael Fabarez Trustee 2.0 X 0 0 0 Orbelina Eguizabal Escobar Trustee 2.0 X 0 0 0 Robert J Schuldt Trustee 2.0 X 0 0 0 Robert Seiffert Trustee 2.0 X 0 0 0 Timothy T Bush Trustee 2.0 X 0 0 0 William L Rogers TRUSTEE 2.0 X 0 0 0 Bruce A Everhart VP and Chief Development Officer 38.8 X 165005 0 24131 David Wesley Ward VP, Moody Radio 38.8 X 166586 0 43186 Deborah A Zelinski VP, Human Resources 38.8 X 177073 0 24073 Greg Thornton Chief Financial Officer (Thru 1/20/2025) 38.8 X 208703 0 36602 Hikari Wakimasu Treasurer (Thru 09/2024) 38.8 X 88928 0 8170 James G Elliott VP, Stewardship 38.8 X 168425 0 34599 Janet A Stiven VP, General Counsel and Assistant Secretary 38.8 X 195345 0 25221 John D Sauceda Chief Information Officer 38.8 X 149036 0 34462 Magdalena Martensen CFO and Treasurer and Assistant Secretary (Begin 1/20/25) 38.8 X 0 0 0 Mark A Wagner Executive VP and Chief Operating Officer (Thru 6/30/2025) 38.8 X 242838 0 289 Michael A Rydelnik VP and Dean, Undergraduate School (Thru 6/30/2025) 38.8 X 94762 0 78610 Randall Payleitner VP of Moody Publishers 38.8 X 137552 0 43103 Samuel S Choy VP, Chief Marketing Officer 38.8 X 174993 0 42570 Timothy Sisk Provost and Senior VP, Education 38.8 X 153600 0 24985 William Washington VP and Dean of Student Life and Enrollment 38.8 X 109538 0 85350 Winfred O Neely VP and Dean, Moody Theological Seminary and Graduate School (Thru 6/30/2025) 38.8 X 90632 0 66447 Douglas J Murphy Dean of Operations and Strategic Educational Initiatives 38.8 X 134280 0 39302 Karl J Clauson Radio Host 38.8 X 132264 0 38814 Lisa Karlson Controller 38.8 X 130463 0 9421 Pepi O Manieson IT Services 38.8 X 134703 0 40312 Roy Patterson Jr Community Relations Director 38.8 X 128991 0 22821 Dwight A Perry Senior VP and Dean of Education (thru 6/30/2025), Former Provost 38.8 X 76249 0 118835 Paul J Santhouse Former VP of Moody Publishers (thru 6/30/2024) 0.0 X 148087 0 16025 3506288 0 957269 61 true true false EXECUTIVE CONSTRUCTION INC 235 Fencl Lane Hillside IL 60162 Building Contractors 31197342 OPTIV SECURITY INC P O Box 28216 Network Place Chicago IL 60673 Information Security Managed Service Partner 2091151 ARGUS TECHNOLOGIES LLC DBA THE C2 GROUP 560 5th Street NW Ste 100 Grand Rapids MI 49504 Website Design and Replatform 1834742 RDG PLANNING & DESIGN INC 301 Grand Ave Des Moines IA 50309 Designers for Solheim Project 1219702 DARWILL INC PO Box 6243 Carol Stream IL 60197 Direct Mail marketing 967772 45 61883438 955025 61883438 Sales of Literature 900099 17915660 17915660 Tuition and Student Fees 900099 16353250 16353250 Auxilliary Services 900099 12389393 12389393 Other-Public Service 900099 8003238 8003238 0 0 0 0 54661541 8962808 583133 8379675 0 0 186093513 182026855 4066658 0 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39748639 82233616 31494788 50738828 24803538 13255426 11548112 110051792 Investments in land and buildings 603 Investments other 573443 Other Assets 51257 Trust Holdings 170039357 Assets transferred for pending annuity purchase 11364501 182029161 Federal Income Taxes Accrued Pens. & Postretirements Health benefits 18541316 Annuity Contract Actuarial Reserve 21874744 Other Liabilities 794434 Trust Obligations 137497354 178707848 X 126891302 13937048 0 13937048 112954254 294336 16325855 16620191 129574445 134390633 0 0 134390633 294336 79294 373630 134764263 Schedule D, Part III, Line 1a Collections of art - financial statement footnote Torah Scroll Schedule D, Part V, Line 4 Intended uses of endowment funds Permanently restricted endowment has been given for basically three purposes: Operating expenses of the Institute including maintenance of certain buildings, Scholarships for students, and endowed faculty chair. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Institute has received a determination letter from the Internal Revenue Service indicating that the Institute has been recognized as tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the Institute has had no significant unrelated business income. The Institute follows guidance issued by the Financial Accounting Standards Board (FASB) with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Institute recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Institute has no amounts accrued for interest or penalties as of June 30, 2025 or 2024. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ENDOWMENT CONTRIBUTIONS - 1008155 OPERATING INVESTMENT INC VS NON-OPER - 13905084 Contributions for new building - 1412616 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements ASSET RETIREMENT OBLIGATION - 79294 Sub-Saharan Africa 0 0 Pastor Training Public Service 162718 Europe (Including Iceland and Greenland) 0 0 Educational Public Service Study Abroad 226843 Central America and the Caribbean 0 0 Investments 23031000 0 0 0 0 0 0 23420561 0 23420561 false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X true Allegiance Fundraising Group LLC dba Alliance Group PO Box 790379 St Louis MO 63179 Direct mail, online, phone and print services and data analytics false 14128067 819209 13308858 Dickerson Bakker & Assoc LLC PO Box 98685 Raleigh NC 27624 Consulting false 1361206 124364 1236842 RK Media 4540 Thousand Oaks Blvd 200 Westlake Village CA 91362 Consulting false 1775117 132000 1643117 MME Products LLC 1075 Maxwell Mill Road Fort Mill SC 29708 Phone services and consulting false 53205 -53205 Synergy Direct Marketing Solutions LLC 3867 West Market St 260 Akron OH 44333 Phone services false 25906 -25906 Nextafter LLC 5810 Tennyson Parkway Suite 102 Plano TX 75024 Digital marketing Consulting false 2128800 461020 1667780 19393190 1615704 17777486 CA CO CT DE DC FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SC SD TN TX UT VT VA AR WA WV WI WY true Scholarships to students 1927 1983838 N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Scholarships are granted to deserving students based on the terms of the grant establishing the particular scholarship fund. For example, some scholarships are available only to students in the Missions Department, or Music majors, etc., while some scholarships funds can be given to any student who can show a need. Scholarships and grants are placed on student receivable accounts except in a few exceptional cases. If there is a credit balance left on the student account no amounts are refunded until any unused scholarships or grants are reversed. X X true true X X X X true false false false false false false false false Mark Jobe President & CEO 298235 0 0 0 0 0 22498 0 77443 0 398176 0 0 0 Dwight A Perry Senior VP and Dean of Education (thru 6/30/2025), Former Provost 76249 0 0 0 0 0 12569 0 106266 0 195084 0 0 0 Paul J Santhouse Former VP of Moody Publishers (thru 6/30/2024) 77361 0 0 0 70726 0 5798 0 10227 0 164112 0 0 0 Greg Thornton Chief Financial Officer (Thru 1/20/2025) 208703 0 0 0 0 0 12948 0 23654 0 245305 0 0 0 Mark A Wagner Executive VP and Chief Operating Officer (Thru 6/30/2025) 242838 0 0 0 0 0 0 0 289 0 243127 0 0 0 Janet A Stiven VP, General Counsel and Assistant Secretary 195345 0 0 0 0 0 13823 0 11398 0 220566 0 0 0 Samuel S Choy VP, Chief Marketing Officer 174993 0 0 0 0 0 11627 0 30943 0 217563 0 0 0 David Wesley Ward VP, Moody Radio 166586 0 0 0 0 0 12201 0 30985 0 209772 0 0 0 James G Elliott VP, Stewardship 168425 0 0 0 0 0 12199 0 22400 0 203024 0 0 0 Deborah A Zelinski VP, Human Resources 177073 0 0 0 0 0 12526 0 11547 0 201146 0 0 0 William Washington VP and Dean of Student Life and Enrollment 109538 0 0 0 0 0 13107 0 72243 0 194888 0 0 0 Bruce A Everhart VP and Chief Development Officer 165005 0 0 0 0 0 10098 0 14033 0 189136 0 0 0 John D Sauceda Chief Information Officer 149036 0 0 0 0 0 10922 0 23540 0 183498 0 0 0 Randall Payleitner VP of Moody Publishers 135935 0 0 0 1617 0 10187 0 32916 0 180655 0 0 0 Timothy Sisk Provost and Senior VP, Education 153600 0 0 0 0 0 10962 0 14023 0 178585 0 0 0 Michael A Rydelnik VP and Dean, Undergraduate School (Thru 6/30/2025) 94762 0 0 0 0 0 10156 0 68454 0 173372 0 0 0 Winfred O Neely VP and Dean, Moody Theological Seminary and Graduate School (Thru 6/30/2025) 90632 0 0 0 0 0 9957 0 56490 0 157079 0 0 0 Pepi O Manieson IT Services 134703 0 0 0 0 0 9927 0 30385 0 175015 0 0 0 Douglas J Murphy Dean of Operations and Strategic Educational Initiatives 134280 0 0 0 0 0 9859 0 29443 0 173582 0 0 0 Karl J Clauson Radio Host 132264 0 0 0 0 0 9711 0 29103 0 171078 0 0 0 Roy Patterson Jr Community Relations Director 126595 0 0 0 2396 0 9092 0 13729 0 151812 0 0 0 Schedule J, Part I, Line 1a Travel for companions The Institute has covered some spousal travel for officers to donor events. The Institute has requested that the president's wife travel with him. The travel is considered non-taxable to specific functions where the spouse would be expected and/or required to attend. Schedule J, Part I, Line 1a Housing allowance or residence for personal use Housing allowance is paid to certain ordained employees within the Education division. For this Housing Allowance the employee is considered self-employed and is responsible to pay self-employed Social Security and Medicare taxes (SECA) unless they apply for exemption from self-employment tax. The housing allowance appears in non-taxable benefits. Schedule J, Part I, Line 4a Severance or change-of-control payment DURING CALENDAR YEAR 2024, PAUL SANTHOUSE RECEIVED SEVERANCE PAYMENTS FROM THE FILING ORGANIZATION TOTALING $66,550. THIS AMOUNT WAS TREATED AS TAXABLE COMPENSATION AND IS INCLUDED IN FORM 990, SCHEDULE J, PART II, COLUMN B(III). 1 20000 Market value 59 924339 Market value X Crops 3 10686 Selling cost 1 false true false Schedule M, Part I Explanations of reporting method for number of contributions Boats and planes - THE AMOUNTS INDICATED IN COL(B) ON SCHEDULE M ARE THE NUMBER OF CONTRIBUTIONS OF EACH ITEM Other - Crops THE AMOUNTS INDICATED IN COL(B) ON SCHEDULE M ARE THE NUMBER OF CONTRIBUTIONS OF EACH ITEM Securities - Publicly traded - THE AMOUNTS INDICATED IN COL(B) ON SCHEDULE M ARE THE NUMBER OF CONTRIBUTIONS OF EACH ITEM Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 7,317,044 including grants of $ 0)(Revenue $ 2,169,622) Other Programs include our conference Ministries and various programs that support our mission. Form 990, Part VI, Line 1a Explanation of Delegated Broad Authority to Committee Article IX, Section 1 of the By-Laws provides that there shall be an executive committee with broad authority to act on behalf of the governing body during the intervals between meetings of the Board of Trustees. The executive committee shall consist of not less than three nor more than seven members of the Board of Trustees, who shall at the meeting of Trustees at which officers of the Corporation are elected for the ensuing year, be elected by the affirmative vote of a majority of the entire Board of Trustees, for the same term for which officers are elected, subject to removal at any time by the affirmative vote of two-thirds of the Trustees. Form 990, Part VI, Line 11b Review of form 990 by governing body The 990 is reviewed by the Audit Committee of the Board of Trustees. The Audit Committee reports to the board its findings. The entire board is also presented with a copy. This happens prior to the return being filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy All officers, trustees and key employees complete a conflict of interest questionnaire each year. These questionnaires are reviewed by our General Counsel and action is taken if conflicts need to be resolved. we would take steps to make sure any transaction where there are potential conflicts are at arm's length and the affected officers, trustees, and key employees are not involved in the decision-making process. Form 990, Part VI, Line 15a Process to establish compensation of top management official Several years prior, consultants were used to establish benchmarks for officer salary levels. Since 2009 Moody has annually reviewed the 990 salary information of comparable institutions to set benchmarks for this purpose. Information is accessed for the following positions: President, COO, CFO, Chief Educational Officer and Chief Development Officer. we typically look at 7-10 higher education institutions, some of which are competitors to Moody. We choose institutions of comparable mission and size (based upon total expenses). We look at 3-4 parachurch organizations as well. This data is used as a salary administration benchmark. To increase its applicability, the data is adjusted for cost of living differences (based upon the location of the other institutions) in relation to the cost of living in the greater Chicago area. Following this analysis, which is provided for review by the Compensation Committee of the Board in the fall of each calendar year, the President's salary increase recommendations are based upon Institute salary guidelines for the fiscal year (which reflect trends in national average salary increases) and upon job performance. The Compensation Committee can either approve or disapprove the President's recommendations. Increases for officers and other key employees are scheduled for November of each year, so that the financial condition and performance of the institution at the close of the prior fiscal year can be taken into account. The President's salary increase is scheduled at the same time and is set by the Board (in the context of the data provided and the current fiscal year salary guidelines for the Institute). Form 990, Part VI, Line 15b Process to establish compensation of other employees See note under compensation for CEO and top executives. Form 990, Part VI, Line 19 Required documents available to the public Audited Financial Statements and Forms 990 are available on our website as well as through the mail by request. We also make available upon request our By- Laws and Conflict of Interest Policy. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value of Pension Obligation - 1563592; Change in Value of Postretirement Health - 262685; Change in Value of Split Interest Agreements - 2627023; Total - 4453300; Charitable Unitrusts (134) 820 N LaSalle Chicago IL 60610 trusts IL MBI Trust 0 0 0 false POOLED INCOME FUND (1) 820 N LASALLE CHICAGO IL 60610 TRUSTS IL MBI Trust 0 0 0 false false false false false false false false false false false false false false false false false false false false