2021-11-15T06:55:09-08:00 2021-06-30 Delmar R Mohler CPA 2455 Scenic Valley Dr West Des Moines IA 50265 990 2020-07-01 470394397 Faith Baptist Bible College FAIT 5159640601 1900 NW Fourth Street Ankeny IA 500232152 Paul M Bray Vice President and CFO 5159640601 2021-11-15 true Paul Bray XXX-XX-XXXX Delmar R Mohler CPA P00440403 5152827250 2021-11-09 X 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Jim Tillotson 1900 NW Fourth Street Ankeny IA 500232152 10817484 false X www.faith.edu X 1921 IA Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to provide an intensive biblical, vocational, and general education on the college and 14 14 323 75 0 0 2414359 3106692 4521009 5620634 210033 840968 0 7145401 9568294 0 0 4461699 4492331 0 154455 3080398 3383234 7542097 7875565 -396696 1692729 19439873 21423490 2137206 1325531 17302667 20097959 Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to provide an intensive biblical, vocational, and general education on the college and false false 3213787 0 2469052 Post secondary educational institution - College Students (Fall 2020-289); (Spring 2021-287) The mission of Faith Baptist Bible College is to provide an intensive biblical, vocational, and general education on the college level with the goal of preparing students to minister effectively in Christian service through leadership positions in and through fundamental Baptist churches and other organizations of like convictions. 348232 0 253250 Graduate education institution - Seminary Students (Fall 2020 - 45); (Spring 2021 - 51) The mission of Faith Baptist Theological Seminary is to provide an advanced Biblical, theological, and ministerial education at the graduate level with the goal of preparing Bible expositors to serve effectively in Christian ministry through leadership positions within Baptist fundamentalism. 2421887 0 2729820 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. 5983906 true true false false false false false false false true true false false false true false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 44 0 true 323 true false false false false false false false false false false false false false false false false false X 14 14 false false false false false false false true true false false false true true true true true true false false X X Paul Bray 5159640601 1900 NW Fourth Street Ankeny IA 50023 Bernie Augsburger Director & Vice Chairman 3.00 X X 0 0 0 Michael Blackstone Director 3.00 X 0 0 0 Steven Bohn Director 3.00 X 0 0 0 David Burman Jr Director & Secretary 3.00 X X 0 0 0 Tim Capon Director & Chairman 3.00 X X 0 0 0 Samuel Choi Director 3.00 X 0 0 0 Kenneth R Hansen Director 3.00 X 0 0 0 Paul Mann Director 3.00 X 0 0 0 Ivan Moore Director 3.00 X 0 0 0 Patrick Odle Director 3.00 X 0 0 0 Jason Pilchard Director 3.00 X 0 0 0 James Randolph Director 3.00 X 0 0 0 Dan E Walker Director 3.00 X 0 0 0 Anthony Wilson Director 3.00 X 0 0 0 James R Tillotson President 40.00 X 111055 0 0 Martin T Herron Executive Vice President 40.00 X 74358 0 0 Daniel H Bjokne Vice President 40.00 X 69639 0 0 Mark L Davis Vice President 40.00 X 67817 0 0 Douglas E Brown Dean of Seminary 40.00 X 64811 0 0 Kenneth D Rathbun Vice President, Academic Dean 40.00 X 74969 0 0 Paul Bray Vice President & CFO 40.00 X 82609 0 0 545258 0 0 1 true false false 0 769208 2337484 281385 3106692 Tuition and Fees 900099 2722302 0 0 Auxiliary enterprises 611710 2729820 0 0 Miscellaneous fees 900099 91099 0 0 77413 0 77413 5620634 147370 0 147370 1942688 100 1246704 2486 695984 -2386 693598 -2386 0 695984 9568294 5540835 0 920767 545258 207598 268021 69639 3240579 2747576 472199 20804 44884 37425 6314 1145 457385 381369 64344 11672 204225 170283 28730 5212 26072 0 26072 0 0 0 82742 73391 9351 0 131692 42080 85689 3923 253419 225724 26986 709 221319 151362 49369 20588 231365 181710 49655 0 16399 0 16399 0 591605 485116 106489 0 94601 29624 64977 0 Food purchases 331252 331252 0 0 Books and publications 416081 399187 2483 14411 Repairs and maintenance 241817 50390 191427 0 Supplies and postage 353942 290676 57881 5385 390928 179143 210818 967 7875565 5983906 1737204 154455 496018 1286937 155404 196274 53502 27339 252580 242699 743 43442 19468594 11105071 8465176 8363523 10016450 11263276 19439873 21423490 237378 215026 769208 0 1130620 1110505 2137206 1325531 X 12194147 14210843 5108520 5887116 17302667 20097959 19439873 21423490 1692729 1151040 -48477 X X false true X true true true X 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9752577 97654 1901596 513499 11238328 9589472 22860 593535 453290 9752577 9434816 29437 698983 573764 9589472 9397182 41148 492612 496126 9434816 9259102 15534 631708 509162 9397182 false false 0 367301 367301 14944657 7908954 7035703 4100176 3196117 904059 56460 56460 8363523 Deposits held for others 25340 Accrued expenses 253902 Charitable gift annuities payable 177580 Trust obligations 135012 Scholarships payable 233237 Deposits payable 285434 1110505 10670857 1151040 1151040 9519817 48477 48477 9568294 7875565 7875565 7875565 Pt V, Line 4 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. true true true true true true true false false false false false false false false false false true Line 3 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 nonidscrimination 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." X true true X X X X false false false false false false false false false None 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Pt I Line 1b 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. Pt VI, Line 11b The Faith Baptist Bible College and Theological Seminiary IRS Form 990 is delivered to the 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 2021. 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.