2012-03-21T16:37:15-07:00 2011-05-31 Hill Harper & Associates P O Box 680788 Franklin TN 37068 990 2010-06-01 620481463 Free Will Baptist Bible College FREE 6158445000 3606 WEST END AVENUE NASHVILLE TN 37205 Craig Mahler 6158445230 2012-02-28 1 Terry Hill 6154177414 2012-02-20 X 2010 2016-02-24 21:20:13Z J Matthew Pinson 3606 West End Avenue Nashville TN 37205 5925972 0 X FWBBC.EDU X 1942 TN CHRISTIAN HIGHER EDUCATIONAL INSTITUTION SERVING APPROXIMATELY 225 STUDENTS 9 9 292 0 0 0 1846279 1590848 4295642 4057992 190827 248848 33395 28284 6366143 5925972 916817 871703 0 0 2801858 2712322 7069 7910 461951 2165182 2239245 5890926 5831180 475217 94792 12934731 13222063 5432104 6054992 7502627 7167071 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 4531074 871703 4335124 Institution of higher education which servces approximated 225 students 0 0 0 4531074 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 7 0 1 292 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 1 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 60461 0 0 THOMAS A SASS 40 X 48326 0 0 GREG KETTEMAN 40 X 52105 0 0 JON FORLINES 40 X 39110 0 0 DAVID WILLIFORD 40 X 21936 0 0 221938 0 0 0 0 0 0 0 0 0 0 0 29616 1561232 0 1590848 Tuition and fees 900099 3126193 3126193 0 0 Dormitories 900099 408836 408836 0 0 Dining hall 900099 514316 514316 0 0 Bookstore and snackshop 900099 8647 8647 0 0 0 0 0 0 4057992 248848 248848 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Interest income student loans 900099 5625 5625 0 0 All other miscellaneous sources 900099 22659 22659 0 0 0 0 0 0 28284 5925972 4335124 0 0 0 0 871703 871703 0 0 0 0 221938 91215 108787 21936 1931688 1398830 447936 84922 0 0 0 0 0 0 0 0 558696 377433 156684 24579 0 0 0 0 0 0 0 0 0 0 0 0 26000 0 26000 0 0 0 0 0 7910 7910 0 0 0 0 25559 0 25559 0 51036 0 51036 0 320681 179217 70202 71262 29143 23562 5581 0 0 0 0 0 307391 135213 172178 228436 45323 58538 124575 0 0 0 0 21095 0 21095 0 85490 0 85490 0 0 0 0 0 268345 167308 96095 4942 56927 0 56927 0 Allocation of M&G and Op&Maint of Plant 0 920088 -1013893 93805 Cafeteria, catering, fuel and groceries 258696 258696 0 0 Intercollegiate athletics 112059 0 112059 0 Maint materials and expense 108898 0 108898 0 Bad debts 83747 0 83747 0 255742 62486 165236 28020 5831180 4531074 838155 461951 636211 511098 685464 677562 119973 141607 221074 200495 5796 219520 14861372 4836658 9981091 10024714 276564 310575 1008558 1136492 12934731 13222063 85795 69702 3609452 3832050 140584 143506 1596273 2009734 5432104 6054992 X 5533227 4920317 421746 628751 1547654 1618003 7502627 7167071 12934731 13222063 X 94792 -430348 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 62500 5528664 5591164 0 6380417 2569373 3811044 0 0 0 0 0 2889791 2267285 622506 0 0 0 0 10024714 0 0 Funds invested with Free Will Baptist Foundation 1120579 F Annuity contract 15913 F 1136492 0 Deferred student fee revenues 41443 Student deposits 172153 Accrued payroll 119396 Excess pension liability 1431894 Asset retirement obligation 244848 2009734 5925972 5831180 94792 0 0 0 0 0 0 94792 5018540 0 0 0 0 0 5018540 0 907432 907432 5925972 4923748 0 0 0 0 0 4923748 0 907432 907432 5831180 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are held in perpetuity and the income used for donor restricted purposes to the extent of a percent of earnings at Board of Directors direction either for unrestricted purposes of to be awarded to students in the form of scholarships based on eligibility requirements which were established by the donor trust document. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Scholarships to eligible students netted to revenues in audited financial statements $871,703; and student loans transactions netted to revenues in audited financial statements $35,729. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Scholarships to eligible students netted to revenues in audited financial statements $871,703; and student loans transactions netted to revenues in audited financial statements $35,729. reported as expense in Form 990 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 We do not serve a localized community but a denomination constitutency. While we have on occasion advertised our racially non-discriminatory policy in local newspapers, we have not done this annually. Our catolog, which is the basis for communicating school policies to our true constituency of prospective students in the denomination (and all others who inquire), always contains notice of our non-discriminatory policy. SchE_P01_S00_L04 Schedule E, Part I, Line 4 Advancement personnel will retain in future periods. The contributions are documented by donor correspondence and acknowledgement letters. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The institution receives aid for students in the way 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 180 871703 0 Not Applicable SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grant funds for education costs at this institution F990_P04_S00_L28a Form 990, Part IV, Line 28a This question is answered no because Schedule L is not applicable due to thresholds, The following disclosure is made regarding a consulting contract between the College and a former member of the Board of Trustees - Bob Bass. This contract is for engineering and other services regarding the College's potential relocation to Gallatin TN. This contract compensates Mr Bass $5,200 per month for a cumulative annual amount of $62,400. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 The College does not prohibit hiring of spouses employees. A spouse of an officer or other key employee is and has been employed. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The College is a member of the National Association of Free Will Baptists and subject to its general board. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The return will be reviewed and approved by members of the Board of Trustees at its next regularly scheduled Board Meeting, due to time constrants, in May 2012. In future years plans are to have approval process completed prior to submission of return to IRS. 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 determine if a conflict exists. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 All officer salaries are approved by the board of directors 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_P11_S00_L05 Form 990, Part XI, Line 5 Increase in excess pension liability 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 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 1 0 0 0 Free Will Baptist Foundation e 3617050 Balance outstanding at year end. SchR_P05_S00_L01o Schedule R, Part V, Line 1o The College participates in funding the denominational magazine (One Magazine) and paid $ 50,270 as their share of the cost of the bi monthly publication. Extensions were timely filed, then the IRS website to ac cept electronic filing has been down for maintenance