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Nonprofiteer
← APPALACHIAN BIBLE COLLEGE INC

Form 990 for tax year 2023

Filed by APPALACHIAN BIBLE COLLEGE INC.

Totals

Total revenue
$9,323,126
Total expenses
$8,470,779
Contributions and grants received
$3,207,763
Grants paid
$2,291,364
Program service revenue
$5,870,503
Investment income
$104,710
Other revenue
$140,150
Total assets, end of year
$12,888,719
Total liabilities, end of year
$3,622,171
Net assets or fund balances, end of year
$9,266,548
Program services expenses (Part IX)
$6,883,265
Management and general expenses
$1,410,539
Fundraising expenses
$176,975
Program service expenses (Part III)
$6,883,265

Program services were 81.3% 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)

    $1,184,807

  • 1f · All other contributions, gifts and grants

    $2,022,956

  • 2a · Program service revenue: Tuition & fees

    total $3,575,718 · related or exempt $3,575,718

  • 2b · Program service revenue: Auxiliary enterprises

    total $1,376,714 · related or exempt $1,376,714

  • 2c · Program service revenue: Extension ministries

    total $913,298 · related or exempt $913,298

  • 2d · Program service revenue: Membership dues

    total $4,773 · related or exempt $4,773

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $77,216 · excluded $77,216

  • 6a · Gross rents

    real property $120,976

  • 6b · Less rental expenses

    real property $78,117

  • 6c · Rental income or loss

    real property $42,859 · personal property $0

  • 6d · Net rental income or loss

    total $42,859 · excluded $42,859

  • 7a · Gross sales of assets other than inventory

    securities $141,769

  • 7b · Less cost or other basis and sales expenses

    securities $114,275

  • 7c · Gain or loss

    securities $27,494 · other assets $0

  • 7d · Net gain or loss

    total $27,494 · excluded $27,494

  • 10a · Gross sales of inventory

    $114,885

  • 10b · Cost of goods sold

    $64,467

  • 10c · Net income from sales of inventory

    total $50,418 · related or exempt $50,418

  • 11d · All other revenue

    total $46,873 · related or exempt $46,873 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $46,873

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,291,364 · program services $2,291,364

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $294,998 · management and general $294,998

  • 6 · Compensation of disqualified persons

    total $47,164 · program services $47,164

  • 7 · Other salaries and wages

    total $2,192,294 · program services $1,872,933 · management and general $193,575 · fundraising $125,786

  • 8 · Pension plan contributions

    total $49,085 · program services $44,364 · management and general $4,288 · fundraising $433

  • 9 · Other employee benefits

    total $339,435 · program services $259,566 · management and general $56,997 · fundraising $22,872

  • 10 · Payroll taxes

    total $192,568 · program services $128,510 · management and general $54,795 · fundraising $9,263

  • 11c · Fees: accounting

    total $90,447 · management and general $90,447

  • 11g · Fees: other

    total $28,300 · program services $0 · management and general $28,300 · fundraising $0

  • 12 · Advertising and promotion

    total $39,112 · program services $3,784 · management and general $35,328

  • 13 · Office expenses

    total $366,216 · program services $263,243 · management and general $91,090 · fundraising $11,883

  • 16 · Occupancy

    total $362,889 · program services $246,353 · management and general $116,536

  • 17 · Travel

    total $166,925 · program services $100,354 · management and general $64,417 · fundraising $2,154

  • 19 · Conferences, conventions and meetings

    total $32,667 · program services $22,908 · management and general $9,759

  • 20 · Interest

    total $146,298 · program services $80,532 · management and general $65,766

  • 22 · Depreciation, depletion and amortization

    total $589,495 · program services $482,451 · management and general $103,259 · fundraising $3,785

  • 23 · Insurance

    total $146,705 · program services $120,006 · management and general $26,699

  • 24a · Other expenses: Food service costs

    total $679,986 · program services $679,986

  • 24b · Other expenses: Dues and subscriptions

    total $51,579 · program services $42,753 · management and general $8,826

  • 24c · Other expenses: Bad debt

    total $9,315 · management and general $9,315

  • 24e · All other expenses

    total $353,937 · program services $196,994 · management and general $156,144 · fundraising $799

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,785 · end of year $110,645

  • 2 · Savings and temporary cash investments

    beginning of year $262,681 · end of year $269,124

  • 4 · Accounts receivable

    beginning of year $124,394 · end of year $126,757

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $31,909 · end of year $34,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,854 · end of year $37,512

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

    $24,420,588

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

    $14,890,138

  • 10c · Land, buildings and equipment, net

    beginning of year $9,698,045 · end of year $9,530,450

  • 11 · Investments: publicly traded securities

    beginning of year $1,936,501 · end of year $2,294,697

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $389,743 · end of year $484,872

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,386 · end of year $300,152

  • 19 · Deferred revenue

    beginning of year $197,373 · end of year $177,862

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,232,495 · end of year $2,835,338

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $622,728 · end of year $272,859

  • 25 · Other liabilities

    beginning of year $43,277 · end of year $35,960

  • 27 · Net assets without donor restrictions

    beginning of year $5,446,173 · end of year $6,218,756

  • 28 · Net assets with donor restrictions

    beginning of year $2,734,480 · end of year $3,047,792

Mission and programs · 2023

Mission

Serves the Christian community in the strengthening of local churches; educational programs promote responsible Christian character and maturity, and prepare graduates for vocational and volunteer church-related service.

Activities or mission (Part I)

Educate students through quality academics, Christ-like character, and Christian service.

  • The vision of Appalachian Bible College is to be a quality fundamental ministry of Biblical higher education by training students through a truth-driven curriculum and transformative co-curriculum that prepares Christlike servants who are skilled in interpreting, obeying, and proclaiming God's Word for the global spread of the Gospel of the Lord Jesus Christ and the strengthening of His Church. As a regionally & nationally accredited, private, not-for-profit college with approximately 50 full-time staff and faculty serving about 250 students, the college grants Master of Arts, Bachelor of Arts and Associate of Arts degrees with majors focusing on Bible & Theology and other vocational ministries.

    Expenses $4,502,837 · Grants $2,291,364 · Revenue $3,622,591

  • While the college provides a variety of avenues and locations for learning, the majority of its students train on the main Mount Hope campus as resident students. The college's auxiliary enterprises includes campus housing for single students in its 3 main residence halls as well as 14 duplexes for married students. Other enterprises include full dining services for students and an on-campus coffee shop. This college residential experience provides opportunities for great impact in the community as students attend and serve in a number of local churches and in other places such as nursing homes, hospice care, and programs for youth.

    Expenses $1,289,557 · Revenue $1,431,905

  • The college's Extension Ministries seeks to edify the Church through Christ-centered ministries, which challenge people through God's Word to wholly follow Christ. These ministries provide year-round opportunities for churches, youth groups, families, and individuals to participate in wholesome, spiritually engaging activities through residential camps, retreats, and adventure activities to all age groups, serving about 5,000 guests annually.

    Expenses $1,090,871 · Revenue $913,298

As filed on the 2023 return.

Listed in Part VII

  • Clyde D Gwin

    Board Secretary/ Director

    Total calculated
    $0
    Hours/week
    2
  • Dr Daniel Anderson

    President

    Total calculated
    $133,424
    From this org
    $77,145
    From related orgs
    $0
    Other
    $56,279
    Hours/week
    40
  • G Lane Ellis

    Board Chair/ Director

    Total calculated
    $0
    Hours/week
    2
  • Steven D Brown

    Vice Chair/Director

    Total calculated
    $0
    Hours/week
    2
  • Daniel Greear

    Director

    Total calculated
    $0
    Hours/week
    2
  • Dr Jerald Fisher

    Director

    Total calculated
    $0
    Hours/week
    2
  • Dr TR Barker

    Director (part year)

    Total calculated
    $0
    Hours/week
    2
  • Gregg Childers

    Director

    Total calculated
    $0
    Hours/week
    2
  • Holly W Fisher

    Director

    Total calculated
    $0
    Hours/week
    2
  • Jesse L Smith

    Director

    Total calculated
    $0
    Hours/week
    2
  • John D Cale Jr

    Director

    Total calculated
    $0
    Hours/week
    2
  • Karen L Weatherholt

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mark Fast

    Director

    Total calculated
    $0
    Hours/week
    2
  • Maureen S Van Den Berg

    Director

    Total calculated
    $0
    Hours/week
    2
  • Rev Joel A Wegner

    Director (part year)

    Total calculated
    $0
    Hours/week
    2
  • Rev Matthew Eichhorn

    Director

    Total calculated
    $0
    Hours/week
    2
  • Rev Matthew White

    Director (part year)

    Total calculated
    $0
    Hours/week
    2
  • Rev Van Marsceau

    Director

    Total calculated
    $0
    Hours/week
    2
  • Romie N Mundy

    Director

    Total calculated
    $0
    Hours/week
    2
  • William D Duncan

    Director

    Total calculated
    $0
    Hours/week
    2
  • Caleb Frink

    Secretary

    Total calculated
    $69,585
    From this org
    $40,359
    From related orgs
    $0
    Other
    $29,226
    Hours/week
    40
  • Michael Rowe

    CFO/Treasurer, VP of Business

    Total calculated
    $84,199
    From this org
    $33,933
    From related orgs
    $0
    Other
    $50,266
    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.

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
8 April 2025
IRS schema version
2023v6.0
Source object
202540989349301024

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