2013-01-11T08:01:53-07:00 2012-05-31 621378491 Hill Harper & Associates P O Box 680788 Franklin TN 37068 990 2011-06-01 620481463 Free Will Baptist Bible College FREE 6158445000 3606 WEST END AVENUE NASHVILLE TN 37205 Craig Mahler 6158445230 2013-01-11 1 Terry Hill P01434819 6154177414 2013-01-11 X 2011 2016-02-25 16:41:14Z J Matthew Pinson 3606 West End Avenue Nashville TN 37205 7046743 0 X FWBBC.EDU X 1942 TN CHRISTIAN HIGHER EDUCATIONAL INSTITUTION SERVING APPROXIMATELY 225 STUDENTS 9 9 297 0 0 0 1590848 1871012 4057992 3949715 248848 826166 28284 234949 5925972 6881842 871703 1009520 0 0 2712322 2858690 7910 10300 470084 2239245 2309827 5831180 6188337 94792 693505 13222063 13829336 6054992 6705533 7167071 7123803 THE MISSION OF FREE WILL BAPTIST BIBLE COLLEGE IS TO EDUCATE LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. 0 0 3752776 1009520 3949715 Institution of higher education which serves approximately 225 students 0 0 0 3752776 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 X 13 0 1 297 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Craig Mahler 6158445292 3606 WEST END AVENUE NASHVILLE TN 37205 REV TERRY PIERCE 1 X 0 0 0 REV KEN SIMPSON 1 X 0 0 0 REV MARK STRIPLING 1 X 0 0 0 REV BILLY HANNA 1 X 0 0 0 A C ALLEN 1 X 0 0 0 MIKE ARMSTRONG 1 X 0 0 0 REV RUSTY RUSSELL 1 X 0 0 0 JEFF CRABTREE 1 X 0 0 0 SHILOH HACKETT 1 X 0 0 0 J MATTHEW PINSON 40 X X 69541 0 0 CRAIG MAHLER 40 X 41571 0 0 GREG KETTEMAN 40 X 52661 0 0 JON FORLINES 40 X 41483 0 0 DAVID WILLIFORD 40 X 50995 0 0 THOMAS A SASS 40 X 51014 0 0 307265 0 0 0 0 0 0 0 0 0 0 0 24458 1846554 0 1871012 Tuition and fees 900099 3029322 3029322 0 0 Dormitories 900099 390047 390047 0 0 Dining hall 900099 508093 508093 0 0 Bookstore and snackshop 900099 22253 22253 0 0 0 0 0 0 3949715 62567 62567 0 0 0 0 0 0 0 0 0 0 0 0 88881 839619 32546 132355 56335 707264 763599 763599 0 0 0 Recover of previously written off loan to former board member 900099 200000 200000 0 0 34949 34949 0 0 234949 6881842 5010830 0 0 X 0 0 1009520 1009520 0 0 0 0 307265 94144 162126 50995 0 0 0 0 1952395 1403132 405161 144102 0 0 0 0 599030 402545 152573 43912 0 0 0 0 0 0 0 0 0 0 0 0 26000 0 26000 0 0 0 0 10300 10300 0 0 0 0 75248 0 75248 0 53168 0 53168 0 344535 178402 82336 83797 26178 22488 3690 0 0 0 0 0 296330 138212 158118 0 201117 57990 62335 80792 0 0 0 0 17324 0 17324 0 162185 0 162185 0 0 0 0 0 230210 156844 68753 4613 57829 0 57829 0 Caferia catering, fuel and groceries 254933 254933 0 0 Intercollegiate athletics 114583 0 114583 0 Bad Debts 110211 0 110211 0 Maintenance expense and campus grounds 103831 0 103831 0 236145 34566 150006 51573 6188337 3752776 1965477 470084 511098 1171427 677562 565977 141607 352612 200495 184324 219520 460368 14630383 4897028 10024714 9733355 310575 213481 1136492 1147792 13222063 13829336 69702 126174 3832050 3460598 143506 138061 2009734 2980700 6054992 6705533 X 4920317 4767240 628751 590571 1618003 1765992 7167071 7123803 13222063 13829336 X 693505 -736773 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1344698 155479 -77224 53943 0 0 1369010 1151289 32589 214763 53943 0 0 1344698 968379 43935 151170 12195 0 0 1151289 1088903 91625 -212149 0 0 0 968379 0 1 0 1 1 1 30000 5520605 5550605 0 4946974 2543196 2403778 0 0 0 0 0 2976969 2353832 623137 0 1155835 0 1155835 9733355 Funds invested by FWB Foundation 1147792 F 1147792 0 Excess pension liability 1941521 Asset retirement obligation 261375 Line of credit payable 500000 Student deposits and agency funds 166362 Accrued compensation 111442 2980700 6881842 6188337 693505 -170811 0 0 0 -509627 -680438 13067 4934683 -194646 0 0 0 -194646 5129329 0 1752513 1752513 6881842 5143088 0 0 0 0 0 5143088 0 1045249 1045249 6188337 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are held in pertetuity and the income used for donor restricted purposes to the extent of a percent of earnings levied at the Board of Trustees direction either for unrestricted purposes or to be awarded to students in the form of scholarships based on elibilitily requirements which were established by the donor trust document. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College is exempt from income taxes under Internal Revenue Code Section 501(c)(3); accordingly, no provision for income taxes has been made in the accompanying financial statements. There is no unrelated business income tax for 2012 and 2011. Management has determined that the College has no activities that would lead to income tax liabilities, further all activities generating revenue are in furtherance of the College's tax exempt purpose. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Additional loss in acturial value of net assets of pension fund. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarships and allowances of $1,009,520 included as expense in Form 990 and netted to revenues in financial statements; expenses of permanently restricted loan funds included as expense in Form 990 and netted to revenues in financial statements; and gains on sales of real property of $707,264 reported as change in net assets on financial statements and as revenue in Form 990. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships and allowances of $1,009,520 included as expense in Form 990 and netted to revenues in financial statements; and expenses of permanently restricted loan funds included as expense in Form 990 and netted to revenues in financial statements. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The College does not serve a localized community but a denomination constitutency. While on occasion advertisements regarding our non-discriminatory policy have appeared in local newpapers, this has not been done annually. Our catolog, which is the basis for communicating school policies to our true constituency of prospective students in the denomination (and others who inquire), always contains notice of our non-discriminatory policy. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The institution receives aid for students in the form of Pell grants, Work study funds, Supplemental Educational Opportunity Grant Funds, and Federal Family Educational Loans. These funds are awarded to students based on federal eligibility requirements. 1 Scholarships to eligible students who meet the criteria of th College and / or the trust instruments which established the scholarship fund 318 1009520 0 Cash payments or credits against charges SchI_P01_S00_L02 Schedule I, Part I, Line 2 Scholarships to eligible students who meet the criteria of the College and / or the trust instruments which established the scholarship fund. Bob Bass Former member of the Board of Trustees 58048 Provided consulting engineering services related to potential relocation of campus 0 F990_P05_S00_L07g Form 990, Part V, Line 7g This answer should be NA - no such transaction occured. F990_P05_S00_L07h Form 990, Part V, Line 7h This answer should be NA - no such transaction occured. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 The College does not prohibit hiring of employee's spouses. A spouse of an officer or other key employee is and has been employed. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The return is submitted to members of the Board by email for approval prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Annually each member of the Board of Trustees is required to disclose holdings in order to monitor a potential conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 All salaries of officers are approved by the Board of Trustess annually. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Upon written request the College makes its governing documents, conflict of interest policy and financial statements available. Further, the College's financial statements are presented annually to the FWB National convention. Form 990 is available on the Guidestar website. F990_P09_S00_L11g Form 990, Part IX, Line 11g This category includes consulting fees, relating to potential relocation, paid to formed member of the Board of Trustees in the amount of $58,048 which has been previously disclosed in Schedule O. F990_P11_S00_L05 Form 990, Part XI, Line 5 Additional loss in pension fund values - assets compared to actuarial liabilities. The College is in process of seeking approval to terminate the penison plan. This additional loss amounted to $509,627. Unrealized loss in investments amounted to $227,146. For a total charge to net assets of $736,773. National Assoc of Free Will Baptists Inc 5233 Mt View Rd Antioch TN 37013 581542098 Coordinates Annual Convention, Produces One Magazine TN 170 (b)(1)(A)(l) Yes N/A Free Will Baptist Foundation 5233 Mt View Road Antioch TN 37013 621172550 Holds and invests certain College funds; and is holder of mortgage on College properties TN 170 (B)(1)(A)(l) Yes N/A Randall House Publications of Natl Assoc of FWB 114 Bush Road Nashville TN 37217 620676318 Publishing house of Free Will Baptists TN 170 (B)(1)(A)(l) yes N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 Appropriate request for extension were filed.