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Nonprofiteer
← TRINITY BAPTIST COLLEGE INC

Form 990 for tax year 2023

Filed by TRINITY BAPTIST COLLEGE INC.

Totals

Total revenue
$5,076,592
Total expenses
$5,031,769
Contributions and grants received
$220,531
Grants paid
$0
Program service revenue
$4,785,844
Investment income
$11,899
Other revenue
$58,318
Total assets, end of year
$7,190,317
Total liabilities, end of year
$3,316,421
Net assets or fund balances, end of year
$3,873,896
Program services expenses (Part IX)
$5,031,769
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,031,769

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $220,531

  • 1g · Noncash contributions included above

    $8,109

  • 2a · Program service revenue: Tuition and fees

    total $4,713,139 · related or exempt $4,713,139

  • 2b · Program service revenue: Auxillary income

    total $580 · related or exempt $580

  • 2f · All other program service revenue

    total $72,125 · related or exempt $72,125

  • 3 · Investment income

    total $11,899 · excluded $11,899

  • 11a · Other revenue: Other Income

    total $58,318 · excluded $58,318

  • 11e · Other revenue, total

    $58,318

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $349,312 · program services $349,312

  • 20 · Interest

    total $154,210 · program services $154,210

  • 22 · Depreciation, depletion and amortization

    total $280,468 · program services $280,468

  • 24a · Other expenses: Instruction

    total $1,094,181 · program services $1,094,181

  • 24b · Other expenses: Institutional support

    total $883,914 · program services $883,914

  • 24c · Other expenses: Admissions

    total $715,851 · program services $715,851

  • 24d · Other expenses: Student services

    total $671,171 · program services $671,171

  • 24e · All other expenses

    total $882,662 · program services $882,662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,204 · end of year $81,521

  • 2 · Savings and temporary cash investments

    beginning of year $137,553 · end of year $55,194

  • 4 · Accounts receivable

    beginning of year $141,252 · end of year $324,894

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,589 · end of year $10,020

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

    $9,119,495

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

    $2,561,617

  • 10c · Land, buildings and equipment, net

    beginning of year $6,764,513 · end of year $6,557,878

  • 12 · Investments: other securities

    beginning of year $102,078 · end of year $113,952

  • 15 · Other assets

    beginning of year $46,159 · end of year $46,858

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,198 · end of year $117,258

  • 19 · Deferred revenue

    beginning of year $98,795 · end of year $46,241

  • 23 · Secured mortgages and notes payable

    beginning of year $3,250,960 · end of year $3,144,918

  • 25 · Other liabilities

    beginning of year $51,322 · end of year $8,004

  • 27 · Net assets without donor restrictions

    beginning of year $3,704,845 · end of year $3,838,057

  • 28 · Net assets with donor restrictions

    beginning of year $124,228 · end of year $35,839

Mission and programs · 2023

Mission

Educate and train students for Christian service in a multitude of fields.

  • Education expenses

    Expenses $5,031,769 · Revenue $4,785,844

As filed on the 2023 return.

Listed in Part VII

  • Mac Heavener Jr

    President

    Total calculated
    $5,955
    From this org
    $0
    From related orgs
    $5,955
    Other
    $0
    Hours/week
    25

  • Finley Hair

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Dan Proctor

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Gary Cooke

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Howard Closs Jr

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Ed Gibson

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Tammie McClafferty

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Garrett Williams

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Paul McCord

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Mike Akins

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Alan Eubanks

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Greg Peters

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Jerry Walls

    Board member

    Total calculated
    $0
    Hours/week
    5

  • Thomas Messer

    Chairman

    Total calculated
    $302,671
    From this org
    $0
    From related orgs
    $206,002
    Other
    $96,669
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $0 + $206,002 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,450 related
    Nontaxable benefits
    $0 + $75,219 related
    Filer's total
    $0 + $302,671 related

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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 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

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 November 2024
IRS schema version
2023v5.1
Source object
202433319349300208

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