Totals
- Total revenue
- $333,859
- Total expenses
- $994,540
- Contributions and grants received
- $261,760
- Grants paid
- $0
- Program service revenue
- $67,495
- Investment income
- $14
- Other revenue
- $4,590
- Total assets, end of year
- $1,035,229
- Total liabilities, end of year
- $697,913
- Net assets or fund balances, end of year
- $337,316
- Program services expenses (Part IX)
- $524,620
- Management and general expenses
- $185,507
- Fundraising expenses
- $284,413
- Program service expenses (Part III)
- $524,620
Program services were 52.8% 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)
$235
-
1f · All other contributions, gifts and grants
$261,525
-
2a · Program service revenue: Tuitions
total $67,495 · related or exempt $67,495
-
3 · Investment income
total $14 · related or exempt $14
-
6a · Gross rents
real property $1,375
-
6c · Rental income or loss
real property $1,375
-
6d · Net rental income or loss
total $1,375
-
8c · Net income from fundraising events
total $0
-
10a · Gross sales of inventory
$2,787
-
10b · Cost of goods sold
$1,603
-
10c · Net income from sales of inventory
total $1,184
-
11a · Other revenue: Gain on ins transfer
total $806 · related or exempt $806
-
11b · Other revenue: Graduation fees
total $1,225 · related or exempt $1,225
-
11e · Other revenue, total
$2,031
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $387,456 · program services $183,706 · management and general $48,193 · fundraising $155,557
-
11c · Fees: accounting
total $24,524 · management and general $24,524
-
12 · Advertising and promotion
total $45,911 · program services $36,365 · fundraising $9,546
-
13 · Office expenses
total $45,057 · program services $21,042 · management and general $12,201 · fundraising $11,814
-
16 · Occupancy
total $78,188 · program services $42,305 · management and general $11,795 · fundraising $24,088
-
20 · Interest
total $13,849 · program services $7,280 · management and general $2,631 · fundraising $3,938
-
22 · Depreciation, depletion and amortization
total $49,358 · program services $25,944 · management and general $9,379 · fundraising $14,035
-
23 · Insurance
total $16,339 · program services $8,743 · management and general $2,425 · fundraising $5,171
-
24a · Other expenses: Contract Labor
total $261,098 · program services $174,090 · management and general $47,497 · fundraising $39,511
-
24b · Other expenses: Repairs and Maintenance
total $19,757 · program services $10,690 · management and general $2,980 · fundraising $6,087
-
24c · Other expenses: Gala
total $16,338 · program services $1,672 · fundraising $14,666
-
24e · All other expenses
total $36,665 · program services $12,783 · management and general $23,882
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $635,032 · end of year $179,250
-
3 · Pledges and grants receivable
beginning of year $506,980 · end of year $262,730
-
4 · Accounts receivable
beginning of year $7,135 · end of year $14,889
-
8 · Inventories for sale or use
beginning of year $199,541 · end of year $198,281
-
10a · Land, buildings and equipment: cost or other basis
$1,772,973
-
10b · Land, buildings and equipment: accumulated depreciation
$1,405,511
-
10c · Land, buildings and equipment, net
beginning of year $399,620 · end of year $367,462
-
15 · Other assets
beginning of year $11,811 · end of year $12,617
-
17 · Accounts payable and accrued expenses
beginning of year $262,122 · end of year $197,913
-
23 · Secured mortgages and notes payable
beginning of year $500,000 · end of year $500,000
-
27 · Net assets without donor restrictions
beginning of year $402,684 · end of year -$24,295
-
28 · Net assets with donor restrictions
beginning of year $595,313 · end of year $361,611
Mission and programs · 2022
Mission
Our mission is to teach the word of God to men and women so they might be equipped to spread God's word through preaching, teaching, and evangelizing. Transforming students into servant leaders is our motto.
Activities or mission (Part I)
We are a Bible college whose mission is to equip men and women to be competent servant leaders with a Bible centered world view
-
Our focus is to prepare individuals through rigorous academic instruction in truth of Holy Scripture, for more effective service in their home, church, community, and in the world. The desire is to produce graduates who are servant leaders in the ministry field regardless of denominational affiliation and distinctively marked by SBIC's branding statement: "Timeless servant leadership rooted in God's authoritative Word."
Expenses $524,620 · Grants $235 · Revenue $330,245
As filed on the 2022 return.
Listed in Part VII
-
James ThompsonJAMES THOMPSON
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Michael GlaspieMICHAEL GLASPIE
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Al AngellAL ANGELL
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Lelious JohnsonLELIOUS JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Walt WaldieWALT WALDIE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn FairMARILYN FAIR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Terrance FordTERRANCE FORD
President
- Total calculated
- $93,643
- From this org
- $69,643
- From related orgs
- $0
- Other
- $24,000
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349318762
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