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← FAITH BAPTIST BIBLE COLLEGE INC

Form 990 for tax year 2024

Filed by FAITH BAPTIST BIBLE COLLEGE INC.

Totals

Total revenue
$3,839,068
Total expenses
$3,537,557
Contributions and grants received
$85,511
Grants paid
$0
Program service revenue
$3,678,997
Investment income
$74,560
Other revenue
$0
Total assets, end of year
$4,621,024
Total liabilities, end of year
$646,447
Net assets or fund balances, end of year
$3,974,577
Program services expenses (Part IX)
$3,102,876
Management and general expenses
$434,681
Fundraising expenses
$0
Program service expenses (Part III)
$3,102,876

Program services were 87.7% 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)

    $84,361

  • 1f · All other contributions, gifts and grants

    $1,150

  • 2a · Program service revenue: TUITION AND FEES

    total $3,678,997 · related or exempt $3,678,997

  • 3 · Investment income

    total $74,060 · excluded $74,060

  • 7a · Gross sales of assets other than inventory

    other assets $500

  • 7c · Gain or loss

    other assets $500

  • 7d · Net gain or loss

    total $500 · related or exempt $500

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,788,223 · program services $1,710,535 · management and general $77,688

  • 9 · Other employee benefits

    total $8,156 · program services $8,156

  • 10 · Payroll taxes

    total $134,603 · program services $128,660 · management and general $5,943

  • 11c · Fees: accounting

    total $27,600 · management and general $27,600

  • 13 · Office expenses

    total $7,985 · program services $7,186 · management and general $799

  • 16 · Occupancy

    total $154,533 · program services $139,080 · management and general $15,453

  • 20 · Interest

    total $353 · management and general $353

  • 22 · Depreciation, depletion and amortization

    total $99,498 · program services $99,498

  • 23 · Insurance

    total $126,980 · program services $63,490 · management and general $63,490

  • 24a · Other expenses: BOOSTER/HEADMASTER EXP

    total $468,373 · program services $421,536 · management and general $46,837

  • 24b · Other expenses: LUNCHROOM PURCHASES

    total $141,633 · program services $141,633

  • 24c · Other expenses: PROGRAM EXPENSES

    total $130,576 · program services $130,576

  • 24d · Other expenses: BANK CHARGES / CC FEES

    total $130,058 · management and general $130,058

  • 24e · All other expenses

    total $318,986 · program services $252,526 · management and general $66,460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $584,062 · end of year $579,025

  • 2 · Savings and temporary cash investments

    beginning of year $2,005,898 · end of year $1,927,116

  • 4 · Accounts receivable

    beginning of year $19,208 · end of year $10,848

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,268 · end of year $33,526

  • 10a · Land, buildings and equipment: cost or other basis

    $3,451,849

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,474,258

  • 10c · Land, buildings and equipment, net

    beginning of year $1,783,595 · end of year $1,977,591

  • 15 · Other assets

    beginning of year $41,324 · end of year $92,918

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,351 · end of year $14,881

  • 19 · Deferred revenue

    beginning of year $471,705 · end of year $381,221

  • 23 · Secured mortgages and notes payable

    beginning of year $87,395

  • 25 · Other liabilities

    beginning of year $245,838 · end of year $250,345

  • 27 · Net assets without donor restrictions

    beginning of year $3,673,066 · end of year $3,974,577

Mission and programs · 2024

Mission

EDUCATE CHILDREN IN A CHRISTIAN ENVIRONMENT

  • TO EDUCATE CHILDREN IN A CHRISTIAN ENVIRONMENT. THE SCHOOL HAS AN ENROLLMENT OF APPROXIMATELY 475 STUDENTS.

    Expenses $3,102,876 · Revenue $3,679,497

As filed on the 2024 return.

Listed in Part VII

  • Brooke Nixon

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    10

  • Debbie Harrison

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Kellan Burt

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jade Beck

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Polly Bice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allen Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Rhea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bert Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gregg Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2024
Filed
15 July 2025
IRS schema version
2024v5.0
Source object
202521989349301337

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