2015-05-11T06:34:43-07:00 2014-06-30 Delmar R Mohler CPA 2455 Scenic Valley Dr West Des Moines IA 502657707 990 2013-07-01 470394397 Faith Baptist Bible College FAIT 5159640601 1900 NW Fourth Street Ankeny IA 500232152 DANIEL BJOKNE VICE PRESIDENT FOR BUSINESS 5159640601 2015-05-08 true DELMAR R MOHLER CPA 5152827250 2015-05-11 X 2013 2016-02-25 16:41:14Z DR ERNEST SCHMIDT 1900 NW Fourth Street Ankeny IA 500232152 7867896 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 14 246 50 0 766493 807945 5914076 5581401 848482 1399391 0 7529051 7788737 809438 1305441 0 3294970 2849071 6000 6000 104083 3220200 3080553 7330608 7241065 198443 547672 17119069 17995128 1302186 1630573 15816883 16364555 Post secondary and graduate educational institution false false 3865463 1305441 2840447 POST SECONDARY EDUCATIONAL INSTITUTION - COLLEGE STUDENTS (FALL-261); (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. 255758 245450 GRADUATE EDUCATION INSTITUTION - SEMINARY STUDENTS (FALL - 39); (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. 1779758 2036821 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. 5900979 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 25 0 true 246 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 true 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/Vice Chairman 3.00 X X 0 0 0 MAURICE L DUDNEY Director 3.00 X 0 0 0 JAMES M FRAZIER Director 3.00 X 0 0 0 MILES GRISMORE Director 3.00 X 0 0 0 DON JOHNSTON Director/Secretary 3.00 X X 0 0 0 DWIGHT D LAPINE Director 3.00 X 0 0 0 PAUL MANN 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 0 0 0 JAMES RANDOLPH Director 3.00 X X 0 0 0 GLENN ROHRBACH Director 3.00 X 0 0 0 JOHN SAUSER Director 3.00 X 0 0 0 ARVIN TARBELL Director 3 X ERNIE SCHMIDT President 40 X X 25225 DAN BJOKNE Vice President 40 X 54538 PAUL HARTOG Vice President 40 X 59526 EUGENE MATLOCK Vice President 40 X 49130 JAMES D MAXWELL III Former President 40 X 55035 243454 0 false false false Wells Fargo VISA P O BOx 6426 Carol Stream IL 601976426 Credit card payments 329301 Wellmark Bluecross Blueshield O Box 10353 Des Moines IA 50306 Group medical insurance premiums 201100 MidAmerican Energy P O Box 8020 Davenport IA 528088020 Utilities - gas & electric 194324 Sysco Food Services of Iowa One Sysco Place Ankeny IA 500213911 Wholesale food distribution 148995 Jester Insurance Services Inc P O Box 4779 Des Moines IA 503054779 Property and casualty insurance broker 103996 5 807945 37153 807945 Tuition and Fees 900099 3484897 Auxiliary enterprises 611710 2036821 Miscellaneous fees 900099 59683 5581401 1333478 145072 79159 65913 65913 65913 7788737 6980792 0 0 1305441 1305441 243454 0 194324 49130 0 0 0 0 2134303 1960621 168272 5410 0 0 0 0 345411 284815 52673 7923 125903 103816 19199 2888 172305 64983 107322 0 0 0 0 0 23950 0 23950 0 0 0 0 0 6000 6000 0 0 0 0 579286 331298 247840 148 734780 598800 134821 1159 104673 88972 15701 0 402103 386931 15172 0 37806 17618 385 19803 0 0 0 0 29153 27715 1438 0 93303 0 93303 0 313487 219441 94046 0 114806 97585 17221 0 Telephone 30304 24333 5324 647 Postage and shipping 46944 39968 2666 4310 Printing and copies 30810 18835 5310 6665 Food purchases 241385 241385 0 0 125458 88422 37036 0 7241065 5900979 1236003 104083 363519 270053 98826 104561 293489 256454 3848 2979 15482808 8978907 6809187 6503901 9550200 10857180 17119069 17995128 94857 103680 17723 125000 250000 1082329 1259170 1302186 1630573 X 11129204 11445026 647218 866634 4040461 4052895 15816883 16364555 17119069 17995128 547672 X false true X true true true X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4040461 12434 4052895 4022237 18224 4040461 3628708 393529 4022237 3473778 154930 3628708 3245301 228477 3473778 true false 352302 352302 9682322 4342887 5339435 3713827 3429148 284679 1734357 1206872 527485 6503901 Deferred giving payable 574560 Deposits held for others 21320 Accrued expenses 182244 Charitable gift annuities payable 481046 1259170 7788737 7788737 7788737 7241065 7241065 7241065 Pt V Line 4 The endowment funds generally provide funds for scholarships for students attending the college and the seminary as set forth in operating agreements providing conditions created by donors upon receipt of their donation. 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." true Scholarships funded by endowments,donations and institutional funds 243 1305441 Not applicable Not applicable Pt I Line 2 Not applicable. X Construction materials 1 65913 Fair value false true false Pt VI, Line 12c Faith baptist Bible College and Theological Seminary Pt VI, Line 12c Conflict of Interest Policy provides that annually each Pt VI, Line 12c member of its Board of Directors and Officers shall file Pt VI, Line 12c a signed Annual Statement with the Secretary fo the Board Pt VI, Line 12c of Directors acknowledging that they have received a copy Pt VI, Line 12c of the Faith Baptist Bible College and Theological Seminary Pt VI, Line 12c Conflict of Interest Policy which they have read and Pt VI, Line 12c understood. Further they affirm that they have complied Pt VI, Line 12c with the policy and understood the requirements they Pt VI, Line 12c must honor on behalf of Faith Baptist Bible College and Pt VI, Line 12c Theological Seminary to protect and maintain its federal Pt VI, Line 12c tax exemption. Pt VI, Line 11b The Faith Baptist Bible College and Theological Seminary Pt VI, Line 11b IRS Form 990 was sent to each member of the Board of Directors Pt VI, Line 11b prior to being filed with the Internal Revenue Service. Pt VI, Line 11b The copy sent to each board member electronically was Pt VI, Line 11b the "Public Inspection Copy" which does not include the Pt VI, Line 11b information filed with the Internal Revenue Service as Pt VI, Line 11b IRS Form 990, Schedule B. Pt VI, Line 15a The Faith Baptist Bible College and Theological Seminary Pt VI, Line 15a Executive Committee of its Board of Directors reviews a Pt VI, Line 15a summary of compensation levels derived from other Form 990s Pt VI, Line 15a and other public information sources for its President and Pt VI, Line 15a Vice Presidents at least once every three years. The data Pt VI, Line 15a is gathered from various sources including IRS Form 990s, Pt VI, Line 15a surveys conducted by accrediting organizations, and various Form 990, Part IX, Line 24f LEASE PAYMENTS 125458. 88422. 37036. 0. Pt VI, Line 15a other public sources to establish compensation levels at Pt VI, Line 15a similar institutions based upon organizational mission statements, Pt VI, Line 15a size, theological similarities, scope of academic offerings, Pt VI, Line 15a and various other identifying characteristics. The Pt VI, Line 15a Executive Committee of the Board of Directors meets with the Pt VI, Line 15a President. Each year the President's annual compensation is Pt VI, Line 15a established following a similar procedure taking in to Pt VI, Line 15a account various performance metrics with the comparison Pt VI, Line 15a to other institutions being considered at least once Pt VI, Line 15a every three years. The most recent comparison to other Pt VI, Line 15a institutions took place during 2012. Pt VI, Line 15b The President meets with the Executive Committee to review Pt VI, Line 15b the compensation for each of the Vice Presidents using a Pt VI, Line 15b procedure similar to the process described above is followed Pt VI, Line 15b to determine annual compensation for each Vice President. Pt VI, Line 15b At least once every three years comparison data is gathered, Pt VI, Line 15b reviewd, and documented to assure an appropriate compensation Pt VI, Line 15b levels for each Vice President. The last review with external Pt VI, Line 15b comparison data was conducted in 2009. Pt VI, Line 19 The Faith Baptist Bible College and Theological Seminary Pt VI, Line 19 IRS Form 990 is available for public inspection in its Pt VI, Line 19 offices in Ankeny, Iowa during normal business hours each Pt VI, Line 19 day from Monday through Friday, except on holidays. Pt VI, Line 19 Written requests for a copy of the Faith Baptist Bible Pt VI, Line 19 College and Theological Seminary IRS Form 990 are provided Pt VI, Line 19 within 30 days of receiving a written request. In Pt VI, Line 19 addition, the IRS Form 990 provided by the IRS is available Pt VI, Line 19 to the public within a few months after being filed by the Pt VI, Line 19 school at www.guidestar.org when one performs a search for Pt VI, Line 19 Faith Baptist Bible College located in Ankeny, Iowa. For Pt VI, Line 19 several years, Faith Baptist Bible College and Theological Pt VI, Line 19 Seminary has filed a copy of its audited financial Pt VI, Line 19 statements prepared by an independent audit firm with its Pt VI, Line 19 IRS Form 990. Readers of this statement will find a copy attached Pt VI, Line 19 to this IRS Form 990.