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Financial Reports


The Institute for Biblical and Scientific Studies is a non-profit tax-exempt organization interested in the areas of Bible and science. The Institute was incorporated as a nonprofit organization in Pennsylvania in 1994. It is recognized as a 501(c)(3) organization by the IRS.

Financial Report for 1994  

Income for 1994  

 
Contributions $4,300.00
Interest earned 18.71
Total Income $4,318.71
   

Expenses for 1994

 
Rent $200.00
Museum artifacts 680.55
Printing & advertising 845.85
Journal & Books 30.00
Bank Charges 170.23
Total Expense $2,183.52
   

Balance for the year ending 1994

$2,135.19

Financial Report for 1995  

Income for 1995

 
Contributions $8,025.00
Interest earned 23.78
Sales 738.11
Sales Tax 45.73
Non-Cash Donations $9,583.12
Total Income $18,534.05
   

Expenses for 1995

 
Museum artifacts $992.80
Rent $1,300.00
Convention 1,396.33
Office Supplies 2,486.23
Stock Supplies 806.61
Journal & Books 628.47
Printing & advertising 731.73
Postage 14.50
Sales Tax 45.73
Bank Charges 210.20
Miscellaneous 1,101.66
Total Expense $9,599.52
   

Balance for the year ending 1995

$438.70

Financial Report for 1996 

Income for 1996

 
Contributions $11,879.71
Interest earned 114.71
Sales 2,917.01
Sales Tax 160.83
Non-Cash Donations $29.675.00
Sale of Property $15,000.00
Closing Costs -3,368.43
Net gain $11,631.57
Total Income $26,643.12
   

Expenses for 1996

 
Museum artifacts $4,508.60
Rent $1,100.00
Convention 1,125.00
Office Supplies 293.54
Stock Supplies 1,666.75
Journal & Books 1,204.06
Sales Tax 177.41
Bank Charges 232.86
Miscellaneous 8,780.75
Petty Cash 636.81
Total Expense $20,890.86
   

Balance for the year ending 1996

$6,305.67

Financial Report for 1997

Income for 1997

 
Contributions $6,237.00
Interest earned 86.04
Sales 1,338.66
Sales Tax 45.73
Total Income $7,661.70
   

Expenses for 1997

 
Museum artifacts $1,526.85
Rent $1,200.00
Convention 1,239.38
Office Supplies 421.16
Stock Supplies 568.54
Journal & Books 1,968.41
Mannufacture Supplies 197.25
Sales Tax 132.56
Miscellaneous 3,285.22
Petty Cash 425.00
Total Expense $10,964.17
   

Balance for the year ending 1997

$1,953.25

Financial Report for 1998 

Income for 1998

 
Contributions $4,340.00
Interest earned 29.99
Sales 996.68
Total Income 5,366.67
   

Expenses for 1998

 
Museum artifacts $81.25
Rent $1,300.00
Convention 1,132.20
Office Supplies 933.55
Stock Supplies 193.74
Journal & Books 1,010.67
Sales Tax 18.33
Bank Charges 210.20
Miscellaneous 2,201.94
Total Expense $6,871.68
   

Balance for the year ending 1998

$524.92

Financial Report for 1999 

Income for 1999

 
Contributions $1,387.73
Interest earned 1.58
Sales 257.33
Sales Tax 12.84
Non-Cash Donations $0
Total Income $1,659.48
   

Expenses for 1999

 
Rent $1,200.00
Convention 386.00
Office Supplies 53.07
Journal & Books 74.80
Sales Tax 53.94
Credit Cards 50.00
Total Expense $1,817.81
   

Balance for the year ending 1999

$1,817.81

Financial Report for 2000  

Income for 2000

 
Contributions $1,412.66
Interest earned 1.24
Sales 493.34
Sales Tax 11.54
Non-Cash Donations $0
Total Income $1,918.78
   

Expenses for 2000

 
Museum artifacts $0
Rent $1,200.00
Convention 430.00
Journal & Books 41.90
Sales Tax 16.38
Miscellaneous 85.00
Total Expense $1,773.28
   

Balance for the year ending 2000

$1,773.28

Financial Report for 2001 

Income for 2001 

 
Contributions $1,384.86
Interest earned 4.12
Sales 856.95
Total Income $2,245.93
   

Expenses for 2001

 
Rent $1,200.00
Convention 285.00
Supplies 374.74
Journal 30.00
Postage 14.50
Sales Tax 40.27
Total Expense $1,944.51
   

Balance for the year ending 2001

$301.42

Financial Report for 2002  

Income for 2002

 
Contributions $1,944.36
Sales 5,255.76
Sales Tax 24.36
Non-Cash Donations $1770.00
Total Income $7,200.12
   

Expenses for 2002

 
Program Servies for Triassic Park 2,401.42
Rental(storage) 1,200.00
Sales Tax 24.53
Office Supplies 298.43
Postage 159.15
Liability Insurance 99.30
Advertisement 139.08
Magazine/Books/Membership 113.88
Bank Fees/Finance Charges 352.63
Convention Fees 340.00
Manufacturing Supplies 2,078.79
Total Expense $7,207.21
   

Balance for the year ending 2002

$7,207.21

Financial Report for 2003  

Income for 2003

 
Contributions $420
Sales 8542.56
Non-Cash Donations 1,000
Total Income $9,962.56
   

Expenses for 2003

 
Products 1,960.10
Materials 590.09
Supplies 247.88
Postage 223.48
Journals 45.90
Triassic Park 443.84
TP Insurance 1,329.76
Website 80.00
Rental 1,200.00
Adds 35.00
Conferences 1,133.00
Expeditions 200.00
Taxes 66.63
Credit Card 700.00
Insurance 539.50
Trash 308.00
Total Expense $9102.42
   

Balance for the year ending 2003

$9102.42

Financial Report for 2004  

Income for 2004

 
Contributions 210.00
Sales 7,666.54
Non-Cash Donations 1,000.00
Total Income $8,876.54
   

Expenses for 2004

 
Insurance 2,818.06
Product & Materials 3,183.78
Postage 355.41
Taxes 18.00
Rental Space 1,200.00
Park Maintenance 615.72
Miscellaneous 177.90
Total Expense $8,370.87
   

Balance for the year ending 2004

$8,370.87

Financial Report for 2005  

Income for 2005

 
Contributions 335.00
Sales 10,116.25
Sales Tax 11.25
Non-Cash Donations 1,000.00
Total Income $11,462.50
   

Expenses for 2005

 
Shipping Postage 891.76
Credit Card 1,040.00
Products 3,085.56
Insurance 2,898.16
Rent Garage 1,200.00
Supplies Office & Equipment 548.13
Conference Travel 305.00
Park 267.76
Museum Artifacts 128.00
Miscellaneous 420.62
Total Expense $10,784.99
   

Balance for the year ending 2005

$10,784.99

Financial Report for 2006 

Income for 2006

 
Contributions $201,000.00
Interest earned $9,701.76
Sales $12,213.45
Sales Tax $13.69
Non-Cash Donations $5,000
Sale of Property $200,000
Closing costs -$4,544.00
Total Income $429,296.62
   

Expenses for 2006

 
Museum artifacts $12,830.35
Rent $1,100.00
Convention & travel 567.76
Office Supplies 385.20
Stock Supplies 1,676.91
Materials 6,532.66
Journal & Books 664.08
Internet 439.45
Equipment 2,022.71
Insurance 2,147.95
Scholarships 12,485
Postage 1,378.84
Sales Tax 7.39
Bank Charges 680.37
Miscellaneous 855.40
Total Expense $43,466.04
   

Balance for the year ending 2006

$373,136.85

IRS 990 Form 2006

Financial Report for 2007 

Income for 2007

 
Contributions $100.00
Interest earned $17,039
Sales $12,483
Sales Tax 0
Non-Cash Donations $4,800
Sale of Property 0
Closing costs 0
Total Income $34,422
   

Expenses for 2007

 
Museum artifacts $20,369
Rent $1,200.00
Convention & travel 5,339
Office Supplies 1,527
Stock Supplies 0
Materials 0
Journal & Books 1,219
Internet 3,700
Equipment 4,204
Insurance 827
Scholarships 2,000
Postage 14
Sales Tax 7.39
Bank Charges 1,560
Miscellaneous 0
Total Expense $41,905
   

Balance for the year ending 2007

$323,026

IRS 990 Form 2007

Financial Report for 2008 

Income for 2008

 
Contributions (cash) $1,100.00
Interest earned $9,607.19
Sales $21,488.10
Sales Tax $2.64
Non-Cash Donations $4,100
Sale of Property 0
Closing costs 0
Total Income $36,297.93
   

Expenses for 2008

 
Museum artifacts $5,701.86
Rent $1,200.00
Convention & travel $9,509.96
Office Supplies $1,544.10
Stock Supplies $3,091.85
Materials $6,444.63
Journals & Books $3,208.96
Internet $5,004.75
Equipment $6,180.81
Insurance $756.00
Scholarships $6,916.52
Postage/Shipping $2,395.80
Sales Tax $2.64
Bank Charges $2,753.16
Miscellaneous 198.00
Total Expense $54,906.40
   

Balance for the year ending 2008

$304,417.53

IRS 990-EZ Form 2008

Financial Report for 2009

Income for 2009

 
Contributions (cash) $300.00
Interest earned $1,564.16
Sales $17,136.69
Sales Tax $1.60
Non-Cash Donations $4,800
Sale of Property 0
Shipping Products $2,385.52
Total Income $26,191.12
   

Expenses for 2009

 
Museum artifacts $14,064.57
Rent $1,110.00
Convention & travel $6,010.01
Office Supplies $1,149.86
Stock Supplies $3,202.84
Materials $4,678.62
Journals,Books,&computer software $3,730.78
Internet $2,423.38
Equipment $5,669.17
Insurance $827
Scholarships $18,076.00
Postage/Shipping $2,385.52
Sales Tax $1.60
Bank Charges $1,851.25
Miscellaneous 185.00
Total Expense $65,365.60
   

Balance for the year ending 2009

$260,443.05

IRS 990-EZ Form 2009

Financial Report for 2010

Income for 2010

 
Contributions (cash) $305.00
Interest earned $3,531.68
Sales $23,135.88
Sales Tax $6.89
Non-Cash Donations $4,800
Sale of Property 0
Shipping Products $3,158.77
Total Income $34,938.22
   

Expenses for 2010

 
Museum artifacts $8,814.82
Rent $1,300.00
Convention & travel $23,965.73
Office Supplies $399.16
Stock Supplies $7,940.27
Materials $7,117.00
Journals,Books,&computer software $6,022.12
Internet $617.16
Equipment $13,699.06
Insurance $1,843.00
Scholarships $31,618.33
Postage/Shipping $3,158.77
Sales Tax $6.89
Bank Charges $2.304.35
Miscellaneous $85.35
Total Expense $108,885.12
   

Balance for the year ending 2010

$181,696.15

IRS 990-EZ Form 2010

Financial Report for 2011

Income for 2011

 
Contributions (cash) $330.00
Interest earned $2,047.14
Sales $22,754.89
Sales Tax $7.11
Non-Cash Donations $4,800
Sale of Property 0
Shipping Products $3,211.56
Total Income $33,153.53
   

Expenses for 2011

 
Museum artifacts $3,360.04
Rent $1,200
Convention & travel $29,038.87
Office Supplies $1,924.98
Stock Supplies $10,618.99
Materials $4,165.97
Journals,Books,&computer software $3,071.10
Internet $2,814.62
Equipment $2,244.62
Insurance $728.20
Scholarships $11,437.00
Postage/Shipping $3,211.56
Sales Tax $7.11
Bank Charges $1,963.44
Consulting Fees $2,273.95
Total Expense $78,060.45
   

Balance for the year ending 2011

$131,989.23

IRS 990-EZ Form 2011

Financial Report for 2012

Income for 2012

 
Contributions (cash) $452.41
Interest earned $981.12
Sales $26,191.80
Non-Cash Donations 4,650
Shipping Products $3,653.64.
Sales Tax 58.87
   
Total Income $35,987.84
   

Expenses for 2012

 
Museum artifacts $10,257.96
Rent $1,100
Convention & travel $22,014.72
Office Supplies $3,437.22
Stock Supplies $11,102.44
Materials $7,193.32
Journals,Books,&computer software $2,952.76
Internet $1,090.55
Equipment $619.31
Insurance $3,402.80
Scholarships $8,987.00
Postage/Shipping $3,653.64
Sales Tax $58.87
Bank Charges $2,006.93
Consulting Fees 0
Total Expense $77,877.52
   

Balance for the year ending 2012

$85,449.55

IRS 990-EZ Form 2012

Financial Report for 2013

Income for 2013

 
Contributions (cash) $658.00
Interest earned $377.00
Sales $33,031.00
Non-Cash Donations 4,800
Shipping Products $6,272.00.
Sales Tax 39.09
   
Total Income $45,177.09
   

Expenses for 2013

 
Museum artifacts $27,111.48
Rent, & Utilities $8,120.47
Convention & travel $16,007.06
Office Supplies $3,477.91
Stock Supplies $12,429.31
Materials $4,379.18
Journals,Books,&computer software $2,383.00
Internet $361.25
Equipment $7,018.54
Insurance 967.00
Scholarships $8,050.00
Shipping $6,272.00
Sales Tax $39.09
Bank Charges $1,509.18
Advertizing $1,072.21
Contractor Fees $6,394.00
Total Expense $106,001.20
   

Balance for the year ending 2013

$24,675.43

IRS 990-EZ Form 2013

Financial Report for 2014

Income for 2014

 
Contributions (cash) $17,274.40
Interest earned $5.29
Sales $38,972.17
Non-Cash Donations 4,950.00
Shipping Products $5,142.14
Sales Tax 118.48
   
Total Income $66,462.48
   

Expenses for 2014

 
Museum Expense $13,079.91
Rent, & Utilities $11,318.74
Convention & travel $3,807.90
Office Supplies $1,341.88
Stock Supplies $12,600.84
Materials $6,693.15
Journals,Books,&computer software $4,373.40
Internet $2,539.55
Equipment $2,746.83
Insurance 312.08
Scholarships 0
Shipping $5,132.14
Sales Tax $118.48
Bank Charges $3,018.13
Advertizing $3,036.00
Contractor Fees 0
Total Expense $70.119.03
   

Balance for the year ending 2014

$21,018.88

IRS 990-EZ Form 2014

Financial Report for 2015

Income for 2015

 
Contributions (cash) $13,075.53
Interest earned $2.08
Sales $39,519.01
Non-Cash Donations 4,800.00
Shipping Products $6,939.78
Sales Tax 1,168.60
   
Total Income $65,505.00
   

Expenses for 2015

 
Museum Expense $7,486.48
Rent, & Utilities $12,029.29
Convention & travel $5,106.41
Office Supplies $3,275.28
Stock Supplies $10,537.66
Materials $7,770.17
Journals,Books,&computer software $2,288.86
Internet $753.39
Equipment $897.71
Insurance 1,146.56
Scholarships 0
Shipping $6,939.78
Sales Tax $1,168.60
Bank Charges $5,564.63
Advertizing $3,069.29
Contractor Fees 0
Total Expense $49,423.20
   

Balance for the year ending 2015

$16,081.80

IRS 990-EZ Form 2015

Financial Report for 2016

Income for 2016

 
Contributions (cash) $5,583
Interest earned $2.11
Sales $61,189.85
Non-Cash Donations 4,800.00
Shipping Products $9,735.66
Sales Tax 211.45
   
Total Income $81,522.07
   

Expenses for 2016

 
Museum Expense $3,530.45
Rent, & Utilities $11,987.69
Convention & travel $4,287.76
Office Supplies $4,716.81
Stock Supplies $15,151.25
Materials $6,026.73
Journals,Books,&computer software $4,083.69
Internet $2,416.68
Equipment $619.98
Insurance 1,152.84
Scholarships 0
Shipping $9,735.66
Sales Tax $211.45
Bank Charges $7,415.99
Advertizing $1,067
Miscellaneous Fees 164.78
Total Expense $73,177.00
   

Balance for the year ending 2015

$8,345.07

IRS 990-EZ Form 2016