2016-05-12T06:40:39-07:00 2015-06-30 Delmar R Mohler CPA 2455 Scenic Valley Dr West Des Moines IA 502657707 990 2014-07-01 470394397 Faith Baptist Bible College FAIT 5159640601 1900 NW Fourth Street Ankeny IA 500232152 DANIEL BJOKNE VICE PRESIDENT & CFO 5159640601 2016-05-12 true DELMAR R MOHLER CPA 5152827250 2016-05-12 X 2014 2016-08-17 19:52:53Z JIM TILLOTSON 1900 NW Fourth Street Ankeny IA 500232152 6898815 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. 14 14 262 50 0 807945 2435068 5581401 4295421 1399391 91506 0 7788737 6821995 1305441 0 0 2849071 3143217 6000 8400 55808 3080553 2896488 7241065 6048105 547672 773890 17995128 18797956 1630573 1659511 16364555 17138445 Post secondary and graduate educational institution false false 2540144 1728720 POST SECONDARY EDUCATIONAL INSTITUTION - COLLEGE STUDENTS (FALL-250); (SPRING-247) 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. 243056 255058 GRADUATE EDUCATION INSTITUTION - SEMINARY STUDENTS (FALL - 42); (SPRING - 25) 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. 1868050 2226361 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. 4651250 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 true false false false false false false false false false true false false false false false false false false true 57 0 true 262 true 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 IA X X DANIEL H BJOKNE 5159640601 1900 NW Fourth Street Ankeny IA 50023 ROGER BISHOP Director 3.00 X 0 0 0 JAMES S BRYAN Director 3.00 X 0 0 0 MAURICE L DUDNEY Director 3.00 X 0 0 0 MILES GRISMORE Director 3.00 X 0 0 0 DWIGHT D LAPINE Director, Vice Chair 3.00 X X 0 0 0 PAUL MANN Director 3.00 X 0 0 0 ALBERTO MARQUEZ Director 3.00 X 0 0 0 DANIEL D MEAD 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 0 0 0 GLENN ROHRBACH Director 3.00 X 0 0 0 JOHN SAUSER Director, Secrtary 3.00 X 0 0 0 ARVIN TARBELL Director 3.00 X 0 0 0 ERNIE SCHMIDT President 40 X 77415 DAN BJOKNE Vice President, CFO 40 X 35185 PAUL HARTOG Vice President 40 X 69569 DOUG BROWN Vice President 40 X 52160 EUGENE MATLOCK Former Vice President 40 X 40390 274719 0 false false false Wells Fargo VISA P O BOx 6426 Carol Stream IL 601976426 Credit card payments 327399 Wellmark Bluecross Blueshield O Box 10353 Des Moines IA 50306 Group medical insurance premiums 304879 Sysco Food Services of Iowa One Sysco Place Ankeny IA 500213911 Wholesale food distribution 171205 MidAmerican Energy Company P O Box 657 Des Moines IA 503060657 Utlities - Gas an electric 165392 Jester Insurance Services Company 303 Watson Powell Jr Way Ste 300 Des Moines IA 50309 Property and casualty insurance broker 129640 6 2435068 29443 2435068 Tuition and Fees 900099 1983778 Auxiliary enterprises 611710 2226361 Miscellaneous fees 900099 85282 4295421 77279 91047 76820 14227 14227 14227 6821995 4386927 274719 121729 112600 40390 2415900 2081419 334481 0 0 0 0 0 315735 258532 54645 2558 136863 112067 23687 1109 133679 29513 104166 0 0 0 0 0 29039 0 29039 0 0 0 0 0 8400 8400 0 0 0 0 288018 -19310 324795 -17467 467605 455625 11339 641 133816 13096 120720 0 0 0 0 0 412697 350793 61904 0 111623 74482 30948 6193 0 0 0 0 37451 37451 0 0 5098 4333 765 0 0 0 0 0 414500 339890 74610 0 101803 86533 15270 0 Leases 124932 89660 35272 0 Postage and shipping 55780 50800 2346 2634 Printing and copies 49552 33742 4460 11350 Food purchases 254801 254801 0 0 276094 276094 0 0 6048105 4651250 1341047 55808 270053 1921189 104561 98633 225000 256454 226295 2979 2735 15525349 9318509 6503901 6206840 10857180 10117264 17995128 18797956 103680 105043 17723 63468 250000 250000 1259170 1241000 1630573 1659511 X 11445026 12289061 866634 767132 4052895 4082252 16364555 17138445 17995128 18797956 773890 X false true X true true true X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4052895 4052895 4040461 12434 4052895 4022237 18224 4040461 3628708 393529 4022237 3473778 154930 3628708 true false 352302 352302 9706767 4583868 5122899 3724983 3450922 274061 1741297 1283719 457578 6206840 Deferred giving payable 574433 Deposits held for others 19206 Accrued expenses 207273 Charitable gift annuities payable 440088 1241000 6821995 6821995 6821995 6048105 6048105 6048105 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." true 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 copensation 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 conduted 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. Eah year the President's annual compensation is established following a similar procedure taking in to acount various performance metircs with the comparison to other institutions being considered at least once every three years. The most recent comparison to other institutions took place in 2012. Form 990, Part IX, Line 24f LEASE PAYMENTS