FAITH BAPTIST BIBLE COLLEGE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: FAITH BAPTIST BIBLE COLLEGE (EIN 47-0394397)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2023-11-14
IRS object ID: 202303189349303560
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-14T06:48:36-08:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	383892453	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Delmar R Mohler CPA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2455 Scenic Valley Dr	AddressLine1Txt
City	West Des Moines	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	50265	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	470394397	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Faith Baptist Bible College	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FAIT	BusinessNameControlTxt
Phone	5159640601	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1900 NW Fourth Street	AddressLine1Txt
City	Ankeny	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	500232152	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Paul M Bray	PersonNm
Person Title	Vice President and CFO	PersonTitleTxt
Phone	5159640601	PhoneNum
Signature	2023-11-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Paul	PersonFirstNm
Person Last	Bray	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Delmar R Mohler CPA	PreparerPersonNm
PTIN	P00440403	PTIN
Phone	5152827250	PhoneNum
Preparation	2023-11-10	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Jim Tillotson	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1900 NW Fourth Street	AddressLine1Txt
City	Ankeny	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	500232152	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$10,044,426	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.faith.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1921	FormationYr
Legal Domicile State	IA	LegalDomicileStateCd
Activity Or Mission	Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.	ActivityOrMissionDesc
Voting Members Governing Body	13	VotingMembersGoverningBodyCnt
Voting Members Independent	13	VotingMembersIndependentCnt
Total Employee	358	TotalEmployeeCnt
Total Volunteers	75	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,341,389	PYContributionsGrantsAmt
CY Contributions Grants	$1,782,559	CYContributionsGrantsAmt
PY Program Service Revenue	$5,689,168	PYProgramServiceRevenueAmt
CY Program Service Revenue	$6,285,542	CYProgramServiceRevenueAmt
PY Investment Income	$728,819	PYInvestmentIncomeAmt
CY Investment Income	$528,302	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$8,759,376	PYTotalRevenueAmt
CY Total Revenue	$8,596,403	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$5,006,221	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$5,184,988	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$199,100	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,664,510	PYOtherExpensesAmt
CY Other Expenses	$4,101,293	CYOtherExpensesAmt
PY Total Expenses	$8,670,731	PYTotalExpensesAmt
CY Total Expenses	$9,286,281	CYTotalExpensesAmt
PY Revenues Less Expenses	$88,645	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$689,878	CYRevenuesLessExpensesAmt
Total Assets BOY	$19,003,759	TotalAssetsBOYAmt
Total Assets EOY	$19,602,397	TotalAssetsEOYAmt
Total Liabilities BOY	$1,397,113	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,208,185	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$17,606,646	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$17,394,212	NetAssetsOrFundBalancesEOYAmt
Mission	Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$3,791,419	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$2,713,507	RevenueAmt
Desc	Post secondary educational institution - College Students (Fall 2022-318); (Spring 2023-318) The mission of Faith Baptist Bible College is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world. convictions.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$367,892	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$318,805	RevenueAmt
Desc	Graduate education institution - Seminary Students (Fall 2022 - 46); (Spring 2023 - 39) The mission of Faith Baptist Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$2,780,157	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$3,125,424	RevenueAmt
Desc	Auxiliary Operation The auxiliary operations provide essential services to support the college and seminary including residential housing, food services, a book store, and athletic activities in support of the students.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$6,939,468	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	60	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	358	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
DAF Excess Business Holdings	false	DAFExcessBusinessHoldingsInd
Taxable Distributions	false	TaxableDistributionsInd
Distribution To Donor	false	DistributionToDonorInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	13	GoverningBodyVotingMembersCnt
Independent Voting Member	13	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Paul Bray	PersonNm
Phone	5159640601	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1900 NW Fourth Street	AddressLine1Txt
City	Ankeny	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	50023	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
Bernie Augsburger
Director	3.00	Yes (X)	$0	$0	$0
Michael Blackstone
Director	3.00	Yes (X)	$0	$0	$0
Steven Bohn
Director	3.00	Yes (X)	$0	$0	$0
David Burman Jr
Director & Secretary	3.00	Yes (X)	$0	$0	$0	Yes (X)
Tim Capon
Director & Chairman	3.00	Yes (X)	$0	$0	$0	Yes (X)
Samuel Choi
Director	3.00	Yes (X)	$0	$0	$0
Kenneth R Hansen
Director	3.00	Yes (X)	$0	$0	$0
Paul Mann
Director	3.00	Yes (X)	$0	$0	$0
Patrick Odle
Director	3.00	Yes (X)	$0	$0	$0
Jason Pilchard
Director	3.00	Yes (X)	$0	$0	$0
James Randolph
Director & Vice Chairman	3.00	Yes (X)	$0	$0	$0	Yes (X)
Dan E Walker
Director	3.00	Yes (X)	$0	$0	$0
Anthony Wilson
Director	3.00	Yes (X)	$0	$0	$0
James R Tillotson
President	40.00		$127,150	$0	$0	Yes (X)
Martin T Herron
Executive Vice President	40.00		$81,646	$0	$0	Yes (X)
Daniel H Bjokne
Vice President	40.00		$74,858	$0	$0	Yes (X)
Mark L Davis
Vice President	40.00		$71,323	$0	$0	Yes (X)
Douglas E Brown
Dean of Seminary	40.00		$74,985	$0	$0	Yes (X)
Kenneth D Rathbun
Vice President, Academic Dean	40.00		$95,350	$0	$0	Yes (X)
Paul Bray
Vice President & CFO	40.00		$87,102	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$612,414	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$1,782,559	AllOtherContributionsAmt
Total Contributions	$1,782,559	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Tuition and Fees	900099	$3,032,312	$0	$0
Auxiliary enterprises	611710	$3,125,424	$0	$0
Miscellaneous fees	900099	$169,210	$0	$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$41,404	TotalRevenueColumnAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	-$41,404	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$6,285,542	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$216,842	TotalRevenueColumnAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$216,842	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$1,758,683	SecuritiesAmt
Other	$800	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$1,448,023	SecuritiesAmt
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$310,660	SecuritiesAmt
Other	$800	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$311,460	TotalRevenueColumnAmt
Related Or Exempt Func Income	$800	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$310,660	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,596,403	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,327,746	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$486,098	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$612,415	TotalAmt
Program Services	$241,659	ProgramServicesAmt
Management And General	$295,898	ManagementAndGeneralAmt
Fundraising	$74,858	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$3,762,314	TotalAmt
Program Services	$3,162,287	ProgramServicesAmt
Management And General	$569,072	ManagementAndGeneralAmt
Fundraising	$30,955	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$53,921	TotalAmt
Program Services	$41,956	ProgramServicesAmt
Management And General	$10,661	ManagementAndGeneralAmt
Fundraising	$1,304	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$520,337	TotalAmt
Program Services	$418,088	ProgramServicesAmt
Management And General	$90,515	ManagementAndGeneralAmt
Fundraising	$11,734	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$236,001	TotalAmt
Program Services	$170,413	ProgramServicesAmt
Management And General	$59,028	ManagementAndGeneralAmt
Fundraising	$6,560	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$10,289	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$10,289	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$98,460	TotalAmt
Program Services	$64,815	ProgramServicesAmt
Management And General	$33,645	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$79,041	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$79,041	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$343,605	TotalAmt
Program Services	$249,928	ProgramServicesAmt
Management And General	$87,052	ManagementAndGeneralAmt
Fundraising	$6,625	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$158,786	TotalAmt
Program Services	$53,720	ProgramServicesAmt
Management And General	$94,681	ManagementAndGeneralAmt
Fundraising	$10,385	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$375,581	TotalAmt
Program Services	$179,180	ProgramServicesAmt
Management And General	$196,401	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$349,110	TotalAmt
Program Services	$263,838	ProgramServicesAmt
Management And General	$58,634	ManagementAndGeneralAmt
Fundraising	$26,638	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$335,033	TotalAmt
Program Services	$233,177	ProgramServicesAmt
Management And General	$100,027	ManagementAndGeneralAmt
Fundraising	$1,829	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$20,414	TotalAmt
Program Services	$2,799	ProgramServicesAmt
Management And General	$17,615	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$682,617	TotalAmt
Program Services	$559,746	ProgramServicesAmt
Management And General	$122,871	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$121,368	TotalAmt
Program Services	$34,607	ProgramServicesAmt
Management And General	$86,761	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Food purchases	$411,837	$411,837	$0	$0
Books and publications	$442,906	$415,207	$2,352	$25,347
Repairs and maintenance	$235,667	$56,448	$179,219	$0
Miscellaneous expenses	$436,579	$379,763	$53,951	$2,865

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$9,286,281	TotalAmt
Program Services	$6,939,468	ProgramServicesAmt
Management And General	$2,147,713	ManagementAndGeneralAmt
Fundraising	$199,100	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$576,405	BOYAmt
EOY	$293,751	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$183,526	BOYAmt
EOY	$227,802	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$296,974	BOYAmt
EOY	$307,111	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$65,712	BOYAmt
EOY	$39,866	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$21,056,020	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$12,272,707	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$8,574,036	BOYAmt
EOY	$8,783,313	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$9,307,106	BOYAmt
EOY	$9,950,554	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$19,003,759	BOYAmt
EOY	$19,602,397	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$194,801	BOYAmt
EOY	$293,128	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
EOY	$800,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,202,312	BOYAmt
EOY	$1,115,057	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,397,113	BOYAmt
EOY	$2,208,185	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$12,744,755	BOYAmt
EOY	$12,059,401	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,861,891	BOYAmt
EOY	$5,334,811	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$17,606,646	BOYAmt
EOY	$17,394,212	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$19,003,759	BOYAmt
EOY	$19,602,397	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$689,878	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$556,485	NetUnrlzdGainsLossesInvstAmt
Investment Expense	-$79,041	InvestmentExpenseAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd
Other Support Sum	$0	OtherSupportSumAmt
Public Support CY170	0	PublicSupportCY170Pct
Public Support Total509	$0	PublicSupportTotal509Amt
Public Support CY509	0	PublicSupportCY509Pct
Investment Income CY	0	InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$8,925,835	BeginningYearBalanceAmt
Contributions	$226,752	ContributionsAmt
Investment Earnings Or Losses	$982,294	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$580,351	GrantsOrScholarshipsAmt
End Year Balance	$9,554,530	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$11,238,328	BeginningYearBalanceAmt
Contributions	$37,947	ContributionsAmt
Investment Earnings Or Losses	-$1,825,329	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$525,111	GrantsOrScholarshipsAmt
End Year Balance	$8,925,835	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$9,752,577	BeginningYearBalanceAmt
Contributions	$97,654	ContributionsAmt
Investment Earnings Or Losses	$1,901,596	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$513,499	GrantsOrScholarshipsAmt
End Year Balance	$11,238,328	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$9,589,472	BeginningYearBalanceAmt
Contributions	$22,860	ContributionsAmt
Investment Earnings Or Losses	$593,535	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$453,290	GrantsOrScholarshipsAmt
End Year Balance	$9,752,577	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$9,434,816	BeginningYearBalanceAmt
Contributions	$29,437	ContributionsAmt
Investment Earnings Or Losses	$698,983	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$573,764	GrantsOrScholarshipsAmt
End Year Balance	$9,589,472	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$367,301	OtherCostOrOtherBasisAmt
Book Value	$367,301	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$13,381,994	OtherCostOrOtherBasisAmt
Depreciation	$6,875,658	DepreciationAmt
Book Value	$6,506,336	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,577,025	OtherCostOrOtherBasisAmt
Depreciation	$3,643,631	DepreciationAmt
Book Value	$933,394	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,729,700	OtherCostOrOtherBasisAmt
Depreciation	$1,753,418	DepreciationAmt
Book Value	$976,282	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$8,783,313	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDesc	AmtAmt
Deposits held for others	$15,040
Accrued expenses	$226,772
Charitable gift annuities payable	$193,285
Trust obligations	$126,774
Scholarships payable	$286,640
Deposits payable	$266,546

Field	Value	IRS element (for citing)
Total Liability	$1,115,057	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$9,073,847	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$556,485	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$556,485	RevenueNotReportedAmt
Revenue Subtotal	$8,517,362	RevenueSubtotalAmt
Investment Expenses Not Incld	$79,041	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$79,041	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$8,596,403	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$9,286,281	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$9,286,281	ExpensesSubtotalAmt
Total Expenses Per Form990	$9,286,281	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Pt V, Line 4	FormAndLineReferenceDesc
Explanation	Endowment Funds are primarily held to fund student scholarships for undergraduate students as set forth in individual endowment fund agreements made with donors as the Endowment Funds were created. Generally student scholarships are granted out of investment earnings.	ExplanationTxt

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	false	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Line 3	FormAndLineReferenceDesc
Explanation	The institution does not advertise in the newspaper nor are we involved in the broadcast media. Our nondiscrimation policy is clearly stated in our catalog. It states,"Faith Baptist Bible College admits qualified students who are personally committed to faith in Jesus Christ regardless of sex, race, color, national origin, or physical handicap." The institution does not advertise in the newpaper nor is it involved in the broadcast media. Its nondiscrimination policy is clearly stated in its catalog. It states, "Faith Baptist Bible College admits qualified students who are personally committed to faith in Jesus Christ regardless of sex, race, color, national origin, or physical handicap."	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	NONE	PersonNm
Base Compensation Filing Org	$0	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$0	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$0	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Pt I Line 1b	FormAndLineReferenceDesc
Explanation	Faith Baptist Bible College designates a Housing Allowance, as provided in 26 U.S. Code 107. Rental value of parsonages, for qualified, ordained officers and professors of the Bible college and Seminary.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Pt VI, Line 11b	The Faith Baptist Bible College and Theological Seminiary IRS Form 990 is delivered to members of its Board of Directors for their review prior to its being filed with the IRS. However, IRS Form 990, Schedule B, listing donors of $5,000.00 or more is not included in the copy delivered to the members of the Board of Directors.
Pt VI, Line 12c	The Faith Baptist Bible College and Theological Seminary Conflict of Interest Policy provides that annually each member of its Board of Directors and Officers shall complete and sign an Annual Statement with the Secretary of the Board of Directors acknowledging that they have received, read, and understand the Conflict of Interest Policy. Further they affirm that they have complied with the policy and understood the requirements they must honor on behalf of Faith Baptist Bible College and Theological Seminary to disclose any conflicts of interest to protect and maintain the organization's tax exempt status.
Pt VI, Line 15a	The Faith Baptist Bible College Executive Committee of its Board of Directors reviews a summary of compensation levels derived from other IRS Form 990s and other public information sources for its President and Vice Presidents at least once every three years. The data is gathered from various sources including IRS Form 990s, surveys conducted by accrediting organizations, and various other public sources to establish compensation levels at similar institutions based upon organizational mission statements, size, theological similarities, scope of academic offerings, and various other identifying characteristics. The Executive Committee of the Board of Directors regularly meets with the President. Each year the President's annual compensation is established following a similar procedure taking into account various performance metrics with the comparison to other institutions being considered at least once every three years. The most recent study was made during 2023.
Pt XII, Line 2c	The Finance Committee of the Board of Directors acts as the Audit Committee including selection of the independent external auditor, the engagement of the audit firm, and oversees the audit process.