2017-11-10T08:58:23-08:00 2017-06-30 Delmar R Mohler CPA 2455 Scenic Valley Dr West Des Moines IA 502657707 990 2016-07-01 470394397 Faith Baptist Bible College FAIT 5159640601 1900 NW Fourth Street Ankeny IA 500232152 PAUL BRAY VICE PRESIDENT FOR BUSINESS AND CFO 5159640601 2017-11-10 true DELMAR R MOHLER CPA 5152827250 2017-11-10 X 107.77.215.162 2017-11-10 08:57:45 PS P 419EB8BC45E2C69D247502A5F6C5ABFD714A8A62 419EB8BC45E2C69D247502A5F6C5ABFD714A8A62 2016 2017-02-10 21:41:12Z JIM TILLOTSON 1900 NW Fourth Street Ankeny IA 500232152 14017130 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 post graduate level with the goal of preparing students to minister effectively in Christian Service in leadership positions. 17 17 259 50 0 1700097 3769063 4515827 4471185 -170540 366316 0 6045384 8606564 0 0 3241920 3661123 6000 0 55436 3077720 2837620 6325640 6498743 -280256 2107821 17981788 20239320 1398659 1252054 16583129 18987266 Post secondary and graduate educational institution false false 2975265 1853323 POST 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. 255849 268765 GRADUATE 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. 1847598 2242872 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. 5078712 true true false false false false false false false true true false false true true false true false true false false false false false false false false false false true false false false false false false false false true false false false false false false false false true 52 0 true 259 true false false false false false false false false false false false false false false false X 17 17 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 3.00 X 0 0 0 ROGER BISHOP Director 3.00 X 0 0 0 STEVEN BOHN Director 3.00 X 0 0 0 JAMES S BRYAN Director 3.00 X 0 0 0 TIM CAPON Director 3.00 X 0 0 0 JOHN COSAERT Director 3.00 X 0 0 0 MAURICE L DUDNEY Director 3.00 X 0 0 0 KENNETH R HANSEN Director 3.00 X 0 0 0 DWIGHT D LAPINE Director, Vice Chair 3.00 X 0 0 0 PAUL MANN Director 3.00 X 0 0 0 ALBERTO MARQUEZ Director 3.00 X 0 0 0 IVAN MOORE Director 3.00 X 0 0 0 PATRICK ODLE Director and Chairman 3.00 X X 0 0 0 JAMES RANDOLPH Director 3.00 X X 0 0 0 JOHN SAUSER Director, Secrtary 3 X X RICK C SHRADER Director 3 X DAN E WALKER Director 3 X JAMES R TILLOTSON President 40 X 90108 DANIEL H BJOKNE Vice President 40 X 44044 MARK L DAVIS Vice President 40 X 51653 DOUGLAS E BROWN Desn of Seminary 40 X 50966 KENNETH D RATHBUN Vice President, Academic Dean 40 X 22589 PAUL BRAY Vice President & CFO 40 X 259360 0 true false false Wells Fargo VISA P O BOx 6426 Carol Stream IL 601976426 Credit card payments 427905 Wellmark Bluecross Blueshield O Box 10353 Des Moines IA 50306 Group medical insurance premiums 399928 Sysco Food Services of Iowa One Sysco Place Ankeny IA 500213911 Wholesale food distribution 165664 MidAmerican Energy Company P O Box 657 Des Moines IA 503060657 Utilities - Gas an electric 165129 LMC Insurance & Risk Management 4200 University Avenue Suite 200 West Des Moines IA 502665945 Insurance premimums 161157 5 3769063 34318 3769063 Tuition and Fees 900099 2122088 Auxiliary enterprises 611710 2242872 Miscellaneous fees 900099 112390 -6165 4471185 220732 220732 5546256 9894 5410566 135690 9894 145584 9894 135690 8606564 4481079 356422 300472 125207 175265 0 2747419 2401011 324331 22077 48702 40366 7983 353 406033 336537 66555 2941 158497 131369 25980 1148 93087 29158 50900 13029 59499 0 59499 0 133754 0 133754 0 10216 0 10216 0 379502 282172 89979 7351 120425 8963 111462 0 408817 347494 61323 0 184474 136454 39483 8537 92964 48330 44634 0 16786 0 16786 0 444980 364884 80096 0 110142 93621 16521 0 Food purchases 268753 268753 0 0 Books for library and bookstore 255078 255078 0 0 259143 209315 49828 0 6498743 5078712 1364595 55436 650492 481443 119997 114739 108050 147359 125420 225855 233290 3409 2701 15720137 9332045 6218796 6388092 10428904 10238545 72237 65779 2596000 17981788 20239320 275211 210276 49981 1073467 1041778 1398659 1252054 X 11937184 14233987 516513 608313 4129432 4144966 16583129 18987266 17981788 20239320 2107821 430070 -133754 X X false true X true true true X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4129432 15534 4144966 4082252 47180 4129432 4052895 29357 4082252 4040461 12434 4052895 4022237 18224 4040461 1.00000 true false 352302 352302 9977244 5102997 4874247 1769986 1439080 330906 3366803 2789968 576835 253802 253802 6388092 Beneficial interest in trusts held by others 2596000 2596000 Deferred giving payable 516842 Deposits held for others 28019 Accrued expenses 157160 Charitable gift annuities payable 189245 Trust obligations 150512 1041778 9333162 430070 430282 860352 8472810 133754 133754 8606564 6498743 6498743 133754 133754 6632497 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. Pt XI, Line 2d Net assets released from restrictions. 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, "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." X X X X false false false false false false false false false JAMES R TILLOTSON 90108 19995 110103 DANIEL H BJOKNE 44044 28326 72370 MARK L DAVIS 51653 8734 60387 DOUGLAS E BROWN 50966 21864 72830 KENNETH D RATHBUN 22589 7533 30122 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. X Building materials 1 34318 Fair value 1 false true false 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 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 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.