Form 990 for tax year 2023
Filed by GODS BIBLE SCHOOL COLLEGE AND MISSIONARY TRAINING HOME.
Totals
- Total revenue
- $7,609,776
- Total expenses
- $7,090,434
- Contributions and grants received
- $2,481,135
- Grants paid
- $912,493
- Program service revenue
- $4,609,683
- Investment income
- $113,831
- Other revenue
- $405,127
- Total assets, end of year
- $11,768,517
- Total liabilities, end of year
- $562,028
- Net assets or fund balances, end of year
- $11,206,489
- Program services expenses (Part IX)
- $5,816,487
- Management and general expenses
- $743,111
- Fundraising expenses
- $530,836
- Program service expenses (Part III)
- $5,816,487
Program services were 82.0% 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.
-
1c · Fundraising events
$20,411
-
1e · Government grants (contributions)
$223,207
-
1f · All other contributions, gifts and grants
$2,237,517
-
1g · Noncash contributions included above
$264,817
-
2a · Program service revenue: TUITION & FEES
total $3,606,013 · related or exempt $3,606,013
-
2b · Program service revenue: AUXILIARY SERVICES
total $764,856 · related or exempt $764,856
-
2c · Program service revenue: SALES & SUBSCRIPTIONS
total $170,995 · related or exempt $170,995
-
2d · Program service revenue: OHIO STATE REIMBURSEMENTS
total $62,950 · related or exempt $62,950
-
2e · Program service revenue: DAY CARE SERVICES
total $4,869 · related or exempt $4,869
-
3 · Investment income
total $116,669 · excluded $116,669
-
5 · Royalties
total $4,640 · excluded $4,640
-
6a · Gross rents
real property $373,939
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $373,939
-
6d · Net rental income or loss
total $373,939 · excluded $373,939
-
7a · Gross sales of assets other than inventory
securities $2,309,356 · other assets $219,900
-
7b · Less cost or other basis and sales expenses
securities $2,312,997 · other assets $219,097
-
7c · Gain or loss
securities -$3,641 · other assets $803
-
7d · Net gain or loss
total -$2,838 · excluded -$2,838
-
8a · Fundraising events: gross income
$10,000
-
8a · Fundraising events: contributions included on line 1c
$20,411
-
8b · Fundraising events: direct expenses
$19,657
-
8c · Net income from fundraising events
total -$9,657 · excluded -$9,657
-
11a · Other revenue: LEGAL SETTLEMENT
total $27,500 · excluded $27,500
-
11b · Other revenue: ACTUARIAL ADJUSTMENT
total $7,265 · related or exempt $7,265
-
11c · Other revenue: MISC INCOME
total $1,440 · related or exempt $1,440
-
11e · Other revenue, total
$36,205
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $912,493 · program services $912,493
-
5 · Compensation of officers, directors and key employees
total $58,596 · program services $46,876 · management and general $5,860 · fundraising $5,860
-
7 · Other salaries and wages
total $2,333,615 · program services $1,866,893 · management and general $233,361 · fundraising $233,361
-
9 · Other employee benefits
total $327,443 · program services $261,955 · management and general $32,744 · fundraising $32,744
-
10 · Payroll taxes
total $189,591 · program services $151,673 · management and general $18,959 · fundraising $18,959
-
11b · Fees: legal
total $2,669 · management and general $2,669
-
11c · Fees: accounting
total $40,230 · management and general $40,230
-
11f · Fees: investment management
total $20,514 · management and general $20,514
-
11g · Fees: other
total $73,556 · program services $6,404 · management and general $67,152
-
12 · Advertising and promotion
total $37,206 · program services $37,206
-
13 · Office expenses
total $781,682 · program services $423,881 · management and general $196,906 · fundraising $160,895
-
14 · Information technology
total $12,535 · program services $6,267 · management and general $3,510 · fundraising $2,758
-
16 · Occupancy
total $877,376 · program services $807,186 · management and general $35,095 · fundraising $35,095
-
17 · Travel
total $164,036 · program services $127,747 · management and general $17,369 · fundraising $18,920
-
19 · Conferences, conventions and meetings
total $43,248 · program services $36,761 · management and general $4,325 · fundraising $2,162
-
20 · Interest
total $5,815 · management and general $5,815
-
22 · Depreciation, depletion and amortization
total $502,046 · program services $461,882 · management and general $20,082 · fundraising $20,082
-
24a · Other expenses: FOOD SERVICE
total $367,943 · program services $367,943
-
24b · Other expenses: EDUCATION & STUDENT ACT
total $285,725 · program services $264,088 · management and general $21,637
-
24c · Other expenses: BAD DEBTS
total $37,232 · program services $37,232
-
24d · Other expenses: ANNUITY PAYMENTS
total $16,883 · management and general $16,883
-
26 · Joint costs (an allocation of the lines above)
total $130,908 · program services $78,545 · management and general $13,091 · fundraising $39,272
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $488,328 · end of year $654,750
-
2 · Savings and temporary cash investments
beginning of year $382,901 · end of year $446,030
-
4 · Accounts receivable
beginning of year $170,181 · end of year $286,999
-
9 · Prepaid expenses and deferred charges
beginning of year $23,854 · end of year $13,704
-
10a · Land, buildings and equipment: cost or other basis
$16,441,358
-
10b · Land, buildings and equipment: accumulated depreciation
$10,712,110
-
10c · Land, buildings and equipment, net
beginning of year $6,059,192 · end of year $5,729,248
-
11 · Investments: publicly traded securities
beginning of year $2,927,576 · end of year $3,706,491
-
12 · Investments: other securities
beginning of year $898,308 · end of year $890,645
-
13 · Investments: program-related
beginning of year $43,135 · end of year $40,650
-
17 · Accounts payable and accrued expenses
beginning of year $203,010 · end of year $149,962
-
19 · Deferred revenue
beginning of year $27,601 · end of year $23,458
-
23 · Secured mortgages and notes payable
beginning of year $136,162 · end of year $96,461
-
25 · Other liabilities
beginning of year $327,218 · end of year $292,147
-
27 · Net assets without donor restrictions
beginning of year $7,205,130 · end of year $7,388,335
-
28 · Net assets with donor restrictions
beginning of year $3,094,354 · end of year $3,818,154
Mission and programs · 2023
Mission
GOD'S BIBLE SCHOOL AND COLLEGE SEEKS TO GLORIFY GOD AND TO SERVE HIS CHURCH BY PROVIDING HIGHER EDUCATION CENTERED IN HOLY SCRIPTURE AND SHAPED BY WESLEYAN CONVICTION, THUS PREPARING FAITHFUL SERVANTS TO PROCLAIM JESUS CHRIST AND SPREAD SCRIPTURAL HOLINESS THROUGHOUT THE WORLD.
Activities or mission (Part I)
TO GLORIFY GOD AND SERVE HIS CHURCH BY PROVIDING EDUCATION TO PREPARE SERVANTS TO PROCLAIM JESUS CHRIST AND SPREAD HOLINESS THROUGHOUT THE WORLD.
-
INSTRUCTION OF STUDENTS AND OPERATION OF SCHOOL.
Expenses $5,816,487 · Grants $912,493 · Revenue $4,555,438
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rev Jack HookerREV JACK HOOKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Viola DurrVIOLA DURR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert England JrROBERT ENGLAND JR
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Keith WaggonerKEITH WAGGONER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amy EaveyAMY EAVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brenda HerringBRENDA HERRING
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Rev John ManleyREV JOHN MANLEY
BOARD VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rev David CrosleyREV DAVID CROSLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr David BoardmanDR DAVID BOARDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan WitterJONATHAN WITTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Daniel EdwardsREV DANIEL EDWARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert RyanROBERT RYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nathan SmithNATHAN SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steven SnyderSTEVEN SNYDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David SpiveyDAVID SPIVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Rodney LoperREV RODNEY LOPER
PRESIDENT
- Total calculated
- $63,170
- From this org
- $54,530
- From related orgs
- $0
- Other
- $8,640
- 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
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520159349301732
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