Totals
- Total revenue
- $45,660,850
- Total expenses
- $47,286,382
- Contributions and grants received
- $9,511,730
- Grants paid
- $10,642,961
- Program service revenue
- $34,083,497
- Investment income
- $1,028,872
- Other revenue
- $1,036,751
- Total assets, end of year
- $93,846,492
- Total liabilities, end of year
- $36,388,312
- Net assets or fund balances, end of year
- $57,458,180
- Program services expenses (Part IX)
- $44,030,651
- Management and general expenses
- $2,227,259
- Fundraising expenses
- $1,028,472
- Program service expenses (Part III)
- $44,030,651
Program services were 93.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$336,981
-
1f · All other contributions, gifts and grants
$9,174,749
-
1g · Noncash contributions included above
$193,500
-
2a · Program service revenue: TUITION & FEES
total $29,440,700 · related or exempt $29,440,700
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $4,642,797 · related or exempt $4,642,797
-
3 · Investment income
total $608,947 · excluded $608,947
-
6a · Gross rents
real property $377,440
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $377,440
-
6d · Net rental income or loss
total $377,440 · related or exempt $377,440
-
7a · Gross sales of assets other than inventory
securities $17,245,764 · other assets $399,437
-
7b · Less cost or other basis and sales expenses
securities $17,052,909 · other assets $172,367
-
7c · Gain or loss
securities $192,855 · other assets $227,070
-
7d · Net gain or loss
total $419,925 · excluded $419,925
-
11a · Other revenue: MISCELLANEOUS
total $495,450 · excluded $495,450
-
11b · Other revenue: TICKET SALES
total $149,924 · excluded $149,924
-
11c · Other revenue: BAD DEBT INCOME
total $13,937 · excluded $13,937
-
11e · Other revenue, total
$659,311
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $163,946 · program services $163,946
-
2 · Grants to domestic individuals
total $10,479,015 · program services $10,479,015
-
5 · Compensation of officers, directors and key employees
total $408,891 · program services $376,074 · management and general $19,927 · fundraising $12,890
-
7 · Other salaries and wages
total $17,709,330 · program services $16,287,990 · management and general $863,060 · fundraising $558,280
-
8 · Pension plan contributions
total $599,292 · program services $538,532 · management and general $38,596 · fundraising $22,164
-
9 · Other employee benefits
total $2,341,465 · program services $2,183,894 · management and general $105,658 · fundraising $51,913
-
10 · Payroll taxes
total $1,273,067 · program services $1,170,463 · management and general $69,085 · fundraising $33,519
-
11b · Fees: legal
total $39,139 · program services $38,789 · fundraising $350
-
11c · Fees: accounting
total $41,250 · management and general $41,250
-
11f · Fees: investment management
total $153,512 · program services $59,234 · management and general $86,125 · fundraising $8,153
-
11g · Fees: other
total $755,062 · program services $389,409 · management and general $252,540 · fundraising $113,113
-
12 · Advertising and promotion
total $1,679,354 · program services $1,633,606 · fundraising $45,748
-
13 · Office expenses
total $1,742,166 · program services $1,585,183 · management and general $93,389 · fundraising $63,594
-
14 · Information technology
total $615,001 · program services $488,676 · management and general $95,382 · fundraising $30,943
-
16 · Occupancy
total $1,409,620 · program services $871,407 · management and general $538,213
-
17 · Travel
total $948,244 · program services $862,235 · management and general $5,361 · fundraising $80,648
-
19 · Conferences, conventions and meetings
total $38,240 · program services $37,890 · management and general $350
-
20 · Interest
total $981,681 · program services $981,681
-
22 · Depreciation, depletion and amortization
total $2,177,308 · program services $2,177,308
-
23 · Insurance
total $265,787 · program services $254,507 · management and general $11,280
-
24a · Other expenses: CAFETERIA FOOD
total $1,790,282 · program services $1,790,282
-
24b · Other expenses: ACADEMIC AFFAIRS
total $308,034 · program services $307,931 · fundraising $103
-
24c · Other expenses: SUBSCRIPTIONS
total $217,591 · program services $217,591
-
24d · Other expenses: HONORARIUM
total $198,727 · program services $198,727
-
24e · All other expenses
total $950,378 · program services $936,281 · management and general $7,043 · fundraising $7,054
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $387,204 · end of year $139,918
-
2 · Savings and temporary cash investments
beginning of year $2,041,373 · end of year $3,610,094
-
3 · Pledges and grants receivable
beginning of year $1,970,252 · end of year $3,530,817
-
4 · Accounts receivable
beginning of year $858,779 · end of year $1,561,523
-
8 · Inventories for sale or use
beginning of year $327,810 · end of year $343,569
-
9 · Prepaid expenses and deferred charges
beginning of year $381,417 · end of year $351,394
-
10a · Land, buildings and equipment: cost or other basis
$94,230,855
-
10b · Land, buildings and equipment: accumulated depreciation
$34,529,835
-
10c · Land, buildings and equipment, net
beginning of year $61,077,879 · end of year $59,701,020
-
11 · Investments: publicly traded securities
beginning of year $21,086,526 · end of year $19,901,878
-
15 · Other assets
beginning of year $2,304,310 · end of year $4,706,279
-
17 · Accounts payable and accrued expenses
beginning of year $974,869 · end of year $823,383
-
19 · Deferred revenue
beginning of year $1,411,140 · end of year $2,474,000
-
20 · Tax-exempt bond liabilities
beginning of year $27,159,920 · end of year $26,467,651
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $1,947,517
-
25 · Other liabilities
beginning of year $3,075,375 · end of year $4,675,761
-
27 · Net assets without donor restrictions
beginning of year $47,199,842 · end of year $45,429,013
-
28 · Net assets with donor restrictions
beginning of year $10,614,404 · end of year $12,029,167
Mission and programs · 2022
Mission
AT LANCASTER BIBLE COLLEGE, OUR FOCUS IS ON THE JOURNEY TO FULFILL GOD'S PURPOSE IN STUDENTS' LIVES. OUR MISSION HAS REMAINED CONSTANT FOR OVER 80 YEARS: (CONTINUED ON SCHEDULE O).
Activities or mission (Part I)
LANCASTER BIBLE COLLEGE AND GRADUATE SCHOOL EXISTS TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY.
-
LANCASTER BIBLE COLLEGE EDUCATES APPROXIMATELY 2100 CHRISTIAN POSTSECONDARY STUDENTS TO THINK AND LIVE A BIBLICAL WORLD VIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY.
Expenses $44,030,651 · Grants $10,642,961 · Revenue $34,083,497
As filed on the 2022 return.
Listed in Part VII
-
Mr Philip A ClemensMR PHILIP A CLEMENS
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mr Michael Van BelleMR MICHAEL VAN BELLE
BOARD VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mr Quintin F FreyMR QUINTIN F FREY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mr Larry W RohrerMR LARRY W ROHRER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kenneth L BarneyDR KENNETH L BARNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Donald R GeiterMR DONALD R GEITER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr L Ronald HooverDR L RONALD HOOVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Robert L HorstMR ROBERT L HORST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Robert KepiroMR ROBERT KEPIRO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Stuart J LeveyMR STUART J LEVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mrs Sally L MartinMRS SALLY L MARTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Harold R MastMR HAROLD R MAST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Thomas W PonessaMR THOMAS W PONESSA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mrs Terry CarterMRS TERRY CARTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Thomas KiedisDR THOMAS KIEDIS
PRESIDENT
- Total calculated
- $260,952
- From this org
- $238,139
- From related orgs
- $0
- Other
- $22,813
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $238,139
- Bonus
- $0
- Other
- $0
- Deferred
- $11,907
- Nontaxable benefits
- $10,906
- Filer's total
- $260,952
-
Rev Dr Eric G CrichtonREV DR ERIC G CRICHTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr James J FetterolfMR JAMES J FETTEROLF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Charles H KreiderMR CHARLES H KREIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mrs Donna KreiserMRS DONNA KREISER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Matthew C MasonMR MATTHEW C MASON
VP FINANCE
- Total calculated
- $133,545
- From this org
- $117,875
- From related orgs
- $0
- Other
- $15,670
- Hours/week
- 45
-
Dr Mark MeyerDR MARK MEYER
PHD IN BIBLICAL STUDIES PR
- Total calculated
- $160,802
- From this org
- $145,650
- From related orgs
- $0
- Other
- $15,152
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $145,650
- Bonus
- $0
- Other
- $0
- Deferred
- $4,772
- Nontaxable benefits
- $10,380
- Filer's total
- $160,802
-
Dr Harold G WalkerDR HAROLD G WALKER
VP GLOBAL EDUCATION
- Total calculated
- $168,903
- From this org
- $165,000
- From related orgs
- $0
- Other
- $3,903
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $165,000
- Bonus
- $0
- Other
- $0
- Deferred
- $3,300
- Nontaxable benefits
- $603
- Filer's total
- $168,903
-
Rev Zachary RitvalskyREV ZACHARY RITVALSKY
VP INSTITUTIONAL ALIGNMENT
- Total calculated
- $176,661
- From this org
- $157,875
- From related orgs
- $0
- Other
- $18,786
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $157,875
- Bonus
- $0
- Other
- $0
- Deferred
- $7,880
- Nontaxable benefits
- $10,906
- Filer's total
- $176,661
-
Tricia WilsonTRICIA WILSON
PROVOST
- Total calculated
- $154,527
- From this org
- $134,000
- From related orgs
- $0
- Other
- $20,527
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $134,000
- Bonus
- $0
- Other
- $0
- Deferred
- $6,701
- Nontaxable benefits
- $13,826
- Filer's total
- $154,527
-
Mr Scott KeatingMR SCOTT KEATING
VP OF ADVANCEMENT
- Total calculated
- $133,656
- From this org
- $116,438
- From related orgs
- $0
- Other
- $17,218
- Hours/week
- 45
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- GROSS UP FOR COMPANY AUTO BENEFIT FOR DR. PETER TEAGUE. DR. PETER TEAGUE LIVES IN A COLLEGE OWNED RESIDENCE. THE VALUE OF THIS BENEFIT IS APPROXIMATELY $33,000 PER YEAR. THIS IS ADDED TO PART VII, SECTION A. DR. THOMAS KEIDIS LIVES IN A COLLEGE OWNED RESIDENCE. THE VALUE OF THE BENEFIT IS APPROXIMATELY $35,000 PER YEAR. THIS IS ADDED TO PART VII, SECTION A.
- PART I, LINE 1B
- THERE IS NO POLICY FOR PAYMENTS OR REIMBURSEMENTS OF EXPENSES. THEY MUST BE REASONABLE TO BE CONSIDERED ACCEPTABLE EXPENSES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$138,607
EMPLOYEES WHO WORK FOR EDEN BRIDGE FOUNDATION ON COLLEGE PAYROLL, TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES.
-
$10,000
SUPPORT FOR JAMES & NICA YATES - MISSIONARIES
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SUPPORT THE INTEREST OF LBC AND SIMILAR NON-PROFIT ORGANIZATIONS · PA · controlled entity
Directly controlled by LANCASTER BIBLE COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441349349304694
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