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Nonprofiteer
← JUBILEE UNIVERSITY

Form 990 for tax year 2022

Filed by JUBILEE UNIVERSITY.

Totals

Total revenue
$712,008
Total expenses
$690,580
Contributions and grants received
$705,862
Grants paid
$73,240
Program service revenue
$0
Investment income
$0
Other revenue
$6,146
Total assets, end of year
$695,579
Total liabilities, end of year
$113,678
Net assets or fund balances, end of year
$581,901
Program services expenses (Part IX)
$495,688
Management and general expenses
$194,892
Fundraising expenses
$0
Program service expenses (Part III)
$495,688

Program services were 71.8% 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.

  • 1f · All other contributions, gifts and grants

    $705,862

  • 11a · Other revenue: RENTAL INCOME

    total $6,146 · related or exempt $6,146

  • 11e · Other revenue, total

    $6,146

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $73,240 · program services $73,240

  • 5 · Compensation of officers, directors and key employees

    total $6,500 · management and general $6,500

  • 10 · Payroll taxes

    total -$80 · management and general -$80

  • 11c · Fees: accounting

    total $1,100 · program services $1,100

  • 11g · Fees: other

    total $14,873 · management and general $14,873

  • 13 · Office expenses

    total $6,068 · program services $3,004 · management and general $3,064

  • 17 · Travel

    total $5,867 · program services $5,867

  • 20 · Interest

    total $312 · management and general $312

  • 22 · Depreciation, depletion and amortization

    total $8,342 · program services $3,808 · management and general $4,534

  • 23 · Insurance

    total $5,513 · program services $3,707 · management and general $1,806

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $18,287 · management and general $18,287

  • 24b · Other expenses: UTILITIES

    total $72,156 · program services $7,912 · management and general $64,244

  • 24c · Other expenses: TAXES & LICENSES

    total $1,339 · management and general $1,339

  • 24d · Other expenses: VEHICLE COSTS

    total $663 · management and general $663

  • 24e · All other expenses

    total $476,400 · program services $397,050 · management and general $79,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,734 · end of year $102,061

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

    $195,911

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

    $15,493

  • 10c · Land, buildings and equipment, net

    beginning of year $188,760 · end of year $180,418

  • 15 · Other assets

    beginning of year $496,939 · end of year $413,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,081 · end of year $23,551

  • 23 · Secured mortgages and notes payable

    beginning of year $146,849 · end of year $89,362

  • 25 · Other liabilities

    beginning of year $1,419 · end of year $765

  • 27 · Net assets without donor restrictions

    beginning of year $549,084 · end of year $581,901

Mission and programs · 2022

Mission

A PRIVATE CHRISTIAN UNIVERSITY THAT PROVIDES BIBLICAL HIGHER EDUCATION BY EQUIPPING STUDENTS WITH ACADEMIC AND PRACTICAL SKILLS AND DEEP THEOLOGICAL UNDERSTANDING IN ORDER TO SERVE CHURCHES AND MINISTRIES AND TO MAKE DISCIPLES.

  • ESTABLISHED A UNIVERSITY IN WHICH BIBLICAL HIGHER EDUCATION CAN BE OFFERED.

    Expenses $495,688

As filed on the 2022 return.

Listed in Part VII

  • Marcus Lundin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Aaron Reppert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dorothy Li

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Trudeau Jr

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Yooshin Park

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
30 November 2023
IRS schema version
2022v5.0
Source object
202343469349301209

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