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Bible Study Fellowship/ BSF

Rating
Sector:

Christian Growth

Total
Revenue:

$12,436,000

Total
Expenses:

$11,298,000

Net
Assets:

$23,804,000

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 81.4% 79.9%
General & Admin 12.4% 11.9%
Fundraising 6.3% 0%
Savings 0% 9.1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Bible Study Fellowship ("BSF") conducts Bible study classes in the United States, with branch offices located in Australia, England, and Africa. 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: [ Back to top ]

Mailing Address:19001 Huebner Rd
San Antonio, TX
78258-4019
Website: www.bsfinternational.org
Phone:(210) 492-4676, (877) 273-3228
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 941514010
CEO/President: Ms. Jean Nystrand Tax Deductible: Yes
Chairman: Judge Ronald H. Rogg Fiscal Year End: August 31
Board Size: 11 Financial info from: 990
Founder: A. Wetherall Johnson Member of ECFA: Yes
Year Founded: 1959 Member of ECFA since: 1981

Purpose [ Back to top ]

Bible Study Fellowship ("BSF") conducts Bible study classes in the United States, with branch offices located in Australia, England, and Africa. 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 [ Back to top ]

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.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

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 after reaching the age of accountability. 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.

History [ Back to top ]

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.

Ministry Needs [ Back to top ]

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.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : B
Criteria categoryGradeOther Comments
Timeliness:7012/8/2007 4:57:42 PM: Organization made financial information available greater than 7 ½ months.
Financial Information:9012/8/2007 4:57:46 PM: Organization provided a reasonable amount of useful financial information.
Foundational Clarity:10012/8/2007 4:57:51 PM: Descriptive information was abundant and thorough.
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankChristian Growth Sector
Overall Efficiency RatingStarStarStarStar104 of 352    9 of 43
Fund Acquisition DecisionStarStarStarStar40 of 352      4 of 43
Resource Allocation DecisionStarStarStarStar85 of 352      7 of 43
Asset Utilization DecisionStarStar280 of 352      32 of 43
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Shining Light [ Back to top ]

MinistryWatch Shining Lights "Top 30" List of Exemplary Ministries 2006
Supporters Might Say:
  • BSF offers its study materials free of charge to class members.
  • BSF is helping to fulfill the Great Commission at home and abroad (?Go . . . make disciples of all the nations?).
  • BSF?s class scheduling (day and evening) makes it possible for as many people as possible to participate.
  • In any recipe for Christian growth, there is no substitute for in-depth Bible study.
  • BSF?s eclectic approach opens the doors for everybody to participate.
  • BSF is mindful of the need to help people make life applications of Bible truths.
  • BSF encourages and equips laypersons to take active roles in Christian ministry.


Critics Might Say
  • Seven years is much too long a course of study.
  • BSF courses are not sufficiently extensive. Whole sections of the Old and New testaments are not covered.
  • Some may wonder if BSF has sufficient standards and training procedures for its teaching leaders.
  • BSF?s class format could allow a Bible study to degenerate into a session of unknowledgeable individuals stating what this passage ?means to me.?
  • Although there are probably good reasons for so doing, some families might find BSF?s separation of evening classes into those for men and those for women to be inconvenient.
  • Potential donors may very well want to know what, if any, amount of their gifts to BSF is used to support Rafiki. (BSF helps fund Rafiki?s operations annually by providing facilities for that ministry, free of charge until December 31, 2009).


Worldview Considerations
  • BSF subscribes to a sound, evangelical statement of faith.
  • BSF is committed to the principle of the centrality of Scripture in the victorious Christian life.
  • BSF affirms the qualification and responsibility of lay people to participate in ministry leadership.
  • BSF is unaffiliated with any church or denomination.
  • BSF?s ministry vision includes the evangelization of the lost.

Analyst Comments [ Back to top ]

Prior MinistryWatch.com Shining Light ?Top 30? Exemplary Ministry. Previously listed from 2005 - 2007.

MinistryWatch.com desires to see overall giving to Biblical Christian values increase and as such we developed this format to highlight those ministries which are exemplary. The list is a sampling of the ?best ministries? and outstanding examples when we consider Philippians 4:8 and weigh and take account of those ministries that are excellent and worthy of praise.

These ministries are called ?Shining Lights? because they are indeed models of letting their Christian light shine before men so that the Gospel may be proclaimed and God be glorified. Consequently, we are shining a figurative light on them so that donors may be aware of their good works and other ministries may learn from their examples.

While identifying the best ministries is challenging given the selfless work that so many do for the cause of Christ, MinistryWatch.com believes that the list of 30 excellent ministries will be helpful to many. Each of the ministries has the following important features in common:

  • Legitimate nonprofit ministry and purpose.
  • Have shown a willingness to treat donors fairly via a Transparency Grade of ?A?.
  • Are unashamed of being identified as an evangelical Christian ministry.
  • MinistryWatch.com researchers knows of no significant issues that would be of concern to donors.
A high MinistryWatch.com Financial Efficiency Rating was not a requirement for inclusion on this list although most do have good ratings. Many factors were reviewed and strengths in other areas can offset weakness in financial efficiency when determining whether a ministry should be of interest to donors seeking to be good stewards of their giving. Only you can decide for yourself with confidence if a ministry shares your values and with your giving plan.

This is just another step in our mission of encouraging Christians to give more of their talents and resources to Kingdom-building efforts. In short, we wish to help spread the Gospel of Christ by helping Christians give more and more effectively to the works of the Lord. If the Lord uses our list as part of that process, we will have been a blessing to both those ministries who have been ?good and faithful servants? with the Lord?s resources and to Christian donors who are seeking to be good stewards of their giving.
===================================

MinistryWatch.com?s Take
July 2003
By Andy Preslar, Research Fellow



Learning, Sharing, and Good Company
Bible Study Fellowship International (BSF) is a Christian ministry, which exists for the purpose of teaching interactive Bible classes for women, men, young people, and children. The goal of these classes is to help participants develop a vibrant relationship with God, and to train those who are called for a lifetime of leadership in ministry.

BSF classes meet on a weekly basis, and are structured to facilitate discussion and sharing among all participants. Students are not ?spoon-fed? the Bible, but are encouraged to ask and answer questions about the text. During a BSF meeting, all students have the opportunity to relate what they have learned during the week. As the name implies, BSF is designed to be a source of Bible instruction, mutual sharing and edification, and good Christian fellowship.

How BSF Works
BSF does more than just facilitate discussions. A BSF class includes lectures by the Bible study leader (a trained lay-person) as well as lesson notes, printed at BSF headquarters and distributed to regular class participants at no charge. A BSF class, therefore, is a four-fold training program, consisting of: (1) questions for personal Bible study, (2) lively discussion groups (where participants share insights from their personal studies), (3) lectures with applications delivered by the leader, and (4) Printed notes on the passage just studied. BSF leaders are selected from among class participants. Those who are selected for leadership receive additional training in a separate weekly meeting. Eventually, such persons may become teaching leaders of another BSF class. BSF is, then, a lay Christian ministry, which trains other lay-persons for Christian leadership.

The main responsibility of a teaching leader in BSF is to guide a class through the seven-year study course. This seven-year study is comprised of the following courses: "Genesis," "Matthew," "The Life of Moses," "Romans," "John," "History of Israel and the Minor Prophets," and "The Acts of the Apostles." The goals of this study course include: (a) introducing people to Jesus Christ through his self-revelation in Scripture, (b) helping individuals develop the habit of daily Bible study, (c) helping people to relate their Bible study to daily life, and (d) equipping and motivating ?individuals to contribute more effectively to the life and work of their churches.? Throughout the course, class members are given opportunities to take graduate seminars designed to help them put what they have learned to good use.

Who Can Participate?
BSF classes are held in local churches, which have invited BSF to use their facilities. BSF conducts the following classes:
  • Daytime classes for women and their preschool children. These classes are far and away the most popular and well-attended Bible studies.
  • Evening classes for women. These classes are next in popularity to the daytime women?s classes.
  • Evening classes for men. Both the men?s and women?s evening classes offer concurrent programs for the children (ages 6-11) of adult class members.
  • Evening classes for singles, men and women (ages 18-35). These classes have yet to really catch on, with relatively few study groups meeting in the U. S. and abroad.

BSF is an interdenominational Christian lay ministry, and classes are open to people of all walks of life, cultures, and church backgrounds (Protestant, Catholic, and unchurched). BSF host churches represent most major, and some minor, church denominations.

BSF around the World
BSF is the result of the vision and work of the ministry?s founder and first General Director, Audrey Wetherell Johnson. Miss Johnson began teaching Bible studies for women in the early 1950s, and worked with the Billy Graham Evangelistic Crusade later in the decade before starting BSF. Miss Johnson retired in 1979, and was succeeded in her role as executive director by Rosemary Jensen. Mrs. Jensen had been a missionary in Tanzania, and a board member of BSF. Under her leadership, BSF relocated its headquarters to the current location in San Antonio, Texas, where the ministry has developed a campus consisting of a complex of buildings on acreage given to BSF. Under Mrs. Jensen?s leadership, BSF developed its leadership training programs, and began to place individuals in countries throughout the world for the purpose of teaching BSF classes. Today, BSF classes are held in almost every state in the U. S., as well as in Latin America, Africa, Australia, and Europe.

Mrs. Jensen left her post as Executive Director of BSF in 2000 in order to assume leadership of this ministry.

Why BSF?
While BSF does not explicitly defend the call for its ministry, the following common presumptions seem to support its ministry: (1) Lay people need more in-depth exposure to the Scriptures than they, in general, receive from pulpit ministries alone. (2) Properly trained laypersons, given a good curriculum, are qualified to teach the Bible to others. This type of ministry is not the solely the domain of the seminary-educated. (3) The type of environment created in a BSF study group helps people to feel comfortable and to get involved in ways not possible in a more formal classroom atmosphere. (4) By taking an eclectic approach to ministry situations, BSF can draw in people who normally would not participate in an evangelical-type Bible study.

BSF?s method is not without potential pitfalls (see ?Critics Might Say? below); but overall, it seems that BSF has developed a strategy of ministry that is simple and effective. BSF trains leaders and produces materials in order to help all kinds of people get involved in serious, interactive, Bible study. The profusion of BSF study groups in the U. S. and abroad testifies to the ministry?s popularity.

Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts9%0%0%0%0%0%
Fundraising Cost Ratio6%0%0%0%0%0%
Contributions Reliance83%83%92%92%0%0%
Fundraising Expense Ratio6%0%0%0%0%0%
Other Revenue Reliance17%17%8%8%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio81%88%90%90%0%0%
Spending Ratio100%91%102%108%0%0%
Program Output Ratio81%80%92%97%0%0%
Savings Ratio0%9%-2%-8%0%0%
Reserve Accumulation Rate2%4%-1%-4%0%0%
General & Admin Ratio12%12%10%10%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.57x.47x.51x.52x0x0x
Degree of L-T Investment2.91x1.9x1.78x1.82x0x0x
Current Asset Turnover4.77x.9x.91x.94x0x0x
Age of Assets9.5yr(s)9.6yr(s)8.7yr(s)7.8yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio122.32x72.73x52.16x35.66x0x0x
Current Liabilities Ratio.32x.01x.02x.03x0x0x
Liquid Reserve Level5.81x13.19x12.91x12.44x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.23x.01x.01x.03x0x0x
Debt Ratio.06x0x0x0x0x0x
Reserve Coverage Ratio87%224%192%188%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$636,000$1,977,000$1,273,000$1,141,000$1,112,000
Receivables, Inventories & Prepaids$326,000$1,206,000$1,286,000$1,332,000$434,000
Short-Term Investments$11,629,000$12,087,000$12,415,000$11,849,000$13,333,000
Total Current Assets$12,591,000$15,271,000$14,975,000$14,323,000$14,880,000
Long-Term Investments$0$0$0$0$0
Fixed Assets$11,038,000$11,419,000$11,949,000$12,316,000$11,119,000
Other Long-Term Assets$347,000$486,000$279,000$472,000$549,000
Total Long-Term Assets$11,385,000$11,905,000$12,228,000$12,788,000$11,668,000
TOTAL ASSETS$23,977,000$27,177,000$27,204,000$27,112,000$26,549,000
Liabilities20072006200520042003
Payables & Accrued Expenses$173,000$292,000$419,000$444,000$226,000
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$173,000$292,000$419,000$444,000$226,000
Debt$0$0$0$0$0
Other Long-Term Liabilities$0$0$329,000$235,000$338,000
Total Long-Term Liabilities$0$0$329,000$235,000$338,000
TOTAL LIABILITIES$173,000$292,000$749,000$680,000$565,000
Assets20072006200520042003
Unrestricted$23,733,000$26,823,000$26,455,000$26,431,000$25,983,000
Temporarily Restricted$71,000$61,000$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$23,804,000$26,885,000$26,455,000$26,431,000$25,983,000
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$10,373,000$12,578,000$11,895,000$11,723,000$10,294,000
Program Service Revenue$13,000$15,000$14,000$16,000$15,000
Membership Dues$0$0$0$0$0
Investment Income$2,048,000$1,060,000$955,000$84,000$399,000
Other Revenue$1,000$12,000$117,000$11,000$12,000
Total Other Revenue$2,063,000$1,088,000$1,086,000$112,000$427,000
TOTAL REVENUE$12,436,000$13,666,000$12,982,000$11,836,000$10,722,000
Expenses20072006200520042003
Program Services$9,943,000$12,596,000$12,636,000$11,141,000$9,172,000
Management & General$1,355,000$1,327,000$1,404,000$1,108,000$945,000
Fundraising$0$0$0$0$0
TOTAL EXPENSES$11,298,000$13,924,000$14,040,000$12,249,000$10,118,000
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)$1,137,000($257,000)($1,058,000)($413,000)$604,000
Other Changes in Net Assets($4,218,000)$629,000$1,081,000$861,000$630,000
TOTAL CHANGE IN NET ASSETS($3,080,000)$372,000$23,000$448,000$1,234,000

Functional Expenses [ Back to top ]

Funding Ratios20072006200520042003
Grants & Allocations$25,000$10,000$322,000$322,000$310,000
Specific Assistance to Individuals$0$0$0$0$0
Benefits Paid To or For Members$0$0$0$0$0
Compensation of Officers, Directors$273,000$258,000$213,000$204,000$191,000
Other Salaries, Wages$2,107,000$3,254,000$2,886,000$2,461,000$1,906,000
Pension Plan Contributions$355,000$477,000$833,000$250,000$191,000
Other Employee Benefits$413,000$796,000$806,000$668,000$455,000
Payroll Taxes$171,000$256,000$263,000$193,000$154,000
Professional Fundraising Fees$0$0$0$0$0
Accounting Fees$15,000$19,000$13,000$12,000$12,000
Legal Fees$39,000$25,000$69,000$53,000$29,000
Supplies$7,000$13,000$10,000$20,000$11,000
Telephone$29,000$34,000$42,000$52,000$62,000
Postage & Shipping$704,000$798,000$48,000$53,000$51,000
Occupancy$0$0$0$0$0
Equipment Rental & Maintenance$27,000$43,000$18,000$17,000$289,000
Printing & Publications$117,000$136,000$115,000$109,000$120,000
Travel$387,000$429,000$268,000$278,000$188,000
Conferences, Conventions & Meetings$0$0$0$0$0
Interest$0$0$0$0$0
Depreciation, Depletion etc.$1,052,000$1,053,000$1,040,000$943,000$862,000
Other Expenses$5,571,000$6,316,000$7,086,000$6,607,000$5,279,000
TOTAL NATURAL EXPENSES$11,298,000$13,924,000$14,040,000$12,249,000$10,118,000