FAITH BAPTIST BIBLE COLLEGE: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
FAITH BAPTIST BIBLE COLLEGE (EIN 47-0394397)
Tax period
2016-07-01 to 2017-06-30
Filed
2017-11-10
IRS object ID
201733149349301638
Schema version
2016v3.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2017-11-10T08:58:23-08:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Delmar R Mohler CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12455 Scenic Valley DrAddressLine1Txt
CityWest Des MoinesCityNm
State AbbreviationIAStateAbbreviationCd
ZIP502657707ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470394397EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Faith Baptist Bible CollegeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFAITBusinessNameControlTxt
Phone5159640601PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11900 NW Fourth StreetAddressLine1Txt
CityAnkenyCityNm
State AbbreviationIAStateAbbreviationCd
ZIP500232152ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL BRAYPersonNm
Person TitleVICE PRESIDENT FOR BUSINESS AND CFOPersonTitleTxt
Phone5159640601PhoneNum
Signature2017-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDELMAR R MOHLER CPAPreparerPersonNm
Phone5152827250PhoneNum
Preparation2017-11-10PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address107.77.215.162IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-10IPDt
IP Tm08:57:45IPTm
IP TimezonePSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id419EB8BC45E2C69D247502A5F6C5ABFD714A8A62AtSubmissionCreationDeviceId
At Submission Filing Device Id419EB8BC45E2C69D247502A5F6C5ABFD714A8A62AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJIM TILLOTSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11900 NW Fourth StreetAddressLine1Txt
CityAnkenyCityNm
State AbbreviationIAStateAbbreviationCd
ZIP500232152ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$14,017,130GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.faith.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1921FormationYr
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionPost 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 post graduate level with the goal of preparing students to minister effectively in Christian Service in leadership positions.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee259TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,700,097PYContributionsGrantsAmt
CY Contributions Grants$3,769,063CYContributionsGrantsAmt
PY Program Service Revenue$4,515,827PYProgramServiceRevenueAmt
CY Program Service Revenue$4,471,185CYProgramServiceRevenueAmt
PY Investment Income-$170,540PYInvestmentIncomeAmt
CY Investment Income$366,316CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$6,045,384PYTotalRevenueAmt
CY Total Revenue$8,606,564CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,241,920PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,661,123CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$6,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$55,436CYTotalFundraisingExpenseAmt
PY Other Expenses$3,077,720PYOtherExpensesAmt
CY Other Expenses$2,837,620CYOtherExpensesAmt
PY Total Expenses$6,325,640PYTotalExpensesAmt
CY Total Expenses$6,498,743CYTotalExpensesAmt
PY Revenues Less Expenses-$280,256PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,107,821CYRevenuesLessExpensesAmt
Total Assets BOY$17,981,788TotalAssetsBOYAmt
Total Assets EOY$20,239,320TotalAssetsEOYAmt
Total Liabilities BOY$1,398,659TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,252,054TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$16,583,129NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$18,987,266NetAssetsOrFundBalancesEOYAmt
MissionPost secondary and graduate educational institutionMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,975,265ExpenseAmt
Revenue$1,853,323RevenueAmt
DescPOST SECONDARY EDUCATIONAL INSTITUTION - COLLEGE STUDENTS (FALL 2016-255); (SPRING 2017 -249) 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. FAITH BAPTIST THEOLOGICAL SEMINARY EXISTS 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$255,849ExpenseAmt
Revenue$268,765RevenueAmt
DescGRADUATE EDUCATION INSTITUTION - SEMINARY STUDENTS (FALL 2016 - 36); (SPRING - 36) 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,847,598ExpenseAmt
Revenue$2,242,872RevenueAmt
DescAUXILIARY 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
FieldValueIRS element (for citing)
Total Program Service Expenses$5,078,712TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document52IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee259EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPAUL BRAYPersonNm
Phone5159640601PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11900 NW Fourth StreetAddressLine1Txt
CityAnkenyCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50023ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
BERNIE AUGSBURGER
Director3.00Yes (X)$0$0$0
ROGER BISHOP
Director3.00Yes (X)$0$0$0
STEVEN BOHN
Director3.00Yes (X)$0$0$0
JAMES S BRYAN
Director3.00Yes (X)$0$0$0
TIM CAPON
Director3.00Yes (X)$0$0$0
JOHN COSAERT
Director3.00Yes (X)$0$0$0
MAURICE L DUDNEY
Director3.00Yes (X)$0$0$0
KENNETH R HANSEN
Director3.00Yes (X)$0$0$0
DWIGHT D LAPINE
Director, Vice Chair3.00Yes (X)$0$0$0
PAUL MANN
Director3.00Yes (X)$0$0$0
ALBERTO MARQUEZ
Director3.00Yes (X)$0$0$0
IVAN MOORE
Director3.00Yes (X)$0$0$0
PATRICK ODLE
Director and Chairman3.00Yes (X)$0$0$0Yes (X)
JAMES RANDOLPH
Director3.00Yes (X)$0$0$0Yes (X)
JOHN SAUSER
Director, Secrtary3Yes (X)Yes (X)
RICK C SHRADER
Director3Yes (X)
DAN E WALKER
Director3Yes (X)
JAMES R TILLOTSON
President40$90,108Yes (X)
DANIEL H BJOKNE
Vice President40$44,044Yes (X)
MARK L DAVIS
Vice President40$51,653Yes (X)
DOUGLAS E BROWN
Desn of Seminary40$50,966Yes (X)
KENNETH D RATHBUN
Vice President, Academic Dean40$22,589Yes (X)
PAUL BRAY
Vice President & CFO40Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$259,360TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Wells Fargo VISA
P O BOx 6426Carol StreamIL601976426Credit card payments$427,905
Wellmark Bluecross Blueshield
O Box 10353Des MoinesIA50306Group medical insurance premiums$399,928
Sysco Food Services of Iowa
One Sysco PlaceAnkenyIA500213911Wholesale food distribution$165,664
MidAmerican Energy Company
P O Box 657Des MoinesIA503060657Utilities - Gas an electric$165,129
LMC Insurance & Risk Management
4200 University Avenue Suite 200West Des MoinesIA502665945Insurance premimums$161,157
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
All Other Contributions$3,769,063AllOtherContributionsAmt
Noncash Contributions$34,318NoncashContributionsAmt
Total Contributions$3,769,063TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmt
Tuition and Fees900099$2,122,088
Auxiliary enterprises611710$2,242,872
Miscellaneous fees900099$112,390

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column-$6,165TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,471,185TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$220,732TotalRevenueColumnAmt
Exclusion$220,732ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$5,546,256SecuritiesAmt
Other$9,894OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$5,410,566SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$135,690SecuritiesAmt
Other$9,894OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$145,584TotalRevenueColumnAmt
Related Or Exempt Func Income$9,894RelatedOrExemptFuncIncomeAmt
Exclusion$135,690ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,606,564TotalRevenueColumnAmt
Related Or Exempt Func Income$4,481,079RelatedOrExemptFuncIncomeAmt
Exclusion$356,422ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$300,472TotalAmt
Program Services$125,207ProgramServicesAmt
Management And General$175,265ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$2,747,419TotalAmt
Program Services$2,401,011ProgramServicesAmt
Management And General$324,331ManagementAndGeneralAmt
Fundraising$22,077FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$48,702TotalAmt
Program Services$40,366ProgramServicesAmt
Management And General$7,983ManagementAndGeneralAmt
Fundraising$353FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$406,033TotalAmt
Program Services$336,537ProgramServicesAmt
Management And General$66,555ManagementAndGeneralAmt
Fundraising$2,941FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$158,497TotalAmt
Program Services$131,369ProgramServicesAmt
Management And General$25,980ManagementAndGeneralAmt
Fundraising$1,148FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$93,087TotalAmt
Program Services$29,158ProgramServicesAmt
Management And General$50,900ManagementAndGeneralAmt
Fundraising$13,029FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$59,499TotalAmt
Program Services$0ProgramServicesAmt
Management And General$59,499ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$133,754TotalAmt
Program Services$0ProgramServicesAmt
Management And General$133,754ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$10,216TotalAmt
Program Services$0ProgramServicesAmt
Management And General$10,216ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$379,502TotalAmt
Program Services$282,172ProgramServicesAmt
Management And General$89,979ManagementAndGeneralAmt
Fundraising$7,351FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$120,425TotalAmt
Program Services$8,963ProgramServicesAmt
Management And General$111,462ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$408,817TotalAmt
Program Services$347,494ProgramServicesAmt
Management And General$61,323ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$184,474TotalAmt
Program Services$136,454ProgramServicesAmt
Management And General$39,483ManagementAndGeneralAmt
Fundraising$8,537FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$92,964TotalAmt
Program Services$48,330ProgramServicesAmt
Management And General$44,634ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$16,786TotalAmt
Program Services$0ProgramServicesAmt
Management And General$16,786ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$444,980TotalAmt
Program Services$364,884ProgramServicesAmt
Management And General$80,096ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$110,142TotalAmt
Program Services$93,621ProgramServicesAmt
Management And General$16,521ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Food purchases$268,753$268,753$0$0
Books for library and bookstore$255,078$255,078$0$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$259,143TotalAmt
Program Services$209,315ProgramServicesAmt
Management And General$49,828ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,498,743TotalAmt
Program Services$5,078,712ProgramServicesAmt
Management And General$1,364,595ManagementAndGeneralAmt
Fundraising$55,436FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$650,492BOYAmt
EOY$481,443EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$119,997BOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$114,739BOYAmt
EOY$108,050EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$147,359BOYAmt
EOY$125,420EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$225,855BOYAmt
EOY$233,290EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,409BOYAmt
EOY$2,701EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$15,720,137LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$9,332,045LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,218,796BOYAmt
EOY$6,388,092EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$10,428,904BOYAmt
EOY$10,238,545EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$72,237BOYAmt
EOY$65,779EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$2,596,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,981,788BOYAmt
EOY$20,239,320EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$275,211BOYAmt
EOY$210,276EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$49,981BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,073,467BOYAmt
EOY$1,041,778EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,398,659BOYAmt
EOY$1,252,054EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,937,184BOYAmt
EOY$14,233,987EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$516,513BOYAmt
EOY$608,313EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,129,432BOYAmt
EOY$4,144,966EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,583,129BOYAmt
EOY$18,987,266EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,981,788BOYAmt
EOY$20,239,320EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,107,821ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$430,070NetUnrlzdGainsLossesInvstAmt
Investment Expense-$133,754InvestmentExpenseAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY1700PublicSupportCY170Pct
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,129,432BeginningYearBalanceAmt
Contributions$15,534ContributionsAmt
End Year Balance$4,144,966EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,082,252BeginningYearBalanceAmt
Contributions$47,180ContributionsAmt
End Year Balance$4,129,432EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,052,895BeginningYearBalanceAmt
Contributions$29,357ContributionsAmt
End Year Balance$4,082,252EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,040,461BeginningYearBalanceAmt
Contributions$12,434ContributionsAmt
End Year Balance$4,052,895EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,022,237BeginningYearBalanceAmt
Contributions$18,224ContributionsAmt
End Year Balance$4,040,461EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$352,302OtherCostOrOtherBasisAmt
Book Value$352,302BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,977,244OtherCostOrOtherBasisAmt
Depreciation$5,102,997DepreciationAmt
Book Value$4,874,247BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,769,986OtherCostOrOtherBasisAmt
Depreciation$1,439,080DepreciationAmt
Book Value$330,906BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,366,803OtherCostOrOtherBasisAmt
Depreciation$2,789,968DepreciationAmt
Book Value$576,835BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$253,802OtherCostOrOtherBasisAmt
Book Value$253,802BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,388,092TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescBeneficial interest in trusts held by othersDesc
Book Value$2,596,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,596,000TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Deferred giving payable$516,842
Deposits held for others$28,019
Accrued expenses$157,160
Charitable gift annuities payable$189,245
Trust obligations$150,512
FieldValueIRS element (for citing)
Total Liability$1,041,778TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$9,333,162TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$430,070NetUnrealizedGainsInvstAmt
Other Revenue$430,282OtherRevenueAmt
Revenue Not Reported$860,352RevenueNotReportedAmt
Revenue Subtotal$8,472,810RevenueSubtotalAmt
Investment Expenses Not Incld$133,754InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$133,754RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,606,564TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,498,743TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$6,498,743ExpensesSubtotalAmt
Investment Expenses Not Incld2$133,754InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$133,754ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,632,497TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt V, Line 4Endowment 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.
Pt XI, Line 2dNet assets released from restrictions.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceLine 3FormAndLineReferenceDesc
ExplanationTHE 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, "ALL QUALIFIED APPLICATIONS WILL BE ACCEPTED REGARDLESS OF RACE, COLOR, AND NATIONAL ORIGIN." 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, "ALL QUALIFIED APPLICATIONS WILL BE ACCEPTED REGARDLESS OF RACE, COLOR, AND NATIONAL ORIGIN."ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
JAMES R TILLOTSON
$90,108$19,995$110,103
DANIEL H BJOKNE
$44,044$28,326$72,370
MARK L DAVIS
$51,653$8,734$60,387
DOUGLAS E BROWN
$50,966$21,864$72,830
KENNETH D RATHBUN
$22,589$7,533$30,122

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt I Line 1bFormAndLineReferenceDesc
ExplanationFaith 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 M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescBuilding materialsDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$34,318NoncashContributionsRptF990Amt
Method Of Determining RevenuesFair valueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received1Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bThe 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 12cThe 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 15aThe 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 in to 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 2015.
Pt XII, Line 2cThe 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.

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