Chesapeake Bible College & Seminary Inc
- Assets
- $45.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, MD
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5982770
Organization Overview
Chesapeake Bible College & Seminary Inc is located in Greensboro, MD. The organization was established in 2007. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Bible College & Seminary Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Chesapeake Bible College & Seminary Inc generated $55.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $42.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CHESAPEAKE BIBLE COLLEGE AND SEMINARY IS AN EDUCATIONAL INSTITUTION THAT PROVIDES A MINISTRY OF CHRISTIAN EDUCATION THROUGH CORRESPONDENCE AND CAMPUS CLASSROOM STUDIES ON THE BIBLE AS WELL AS CHRISTIAN COUNSELING, RELIGOUS EDUCATION, THEOLOGY, CHRISTIAN LIVING, AND MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Phillip E Cannatser President | 30 | $0 | |
Dr William T Bailey Director | 2 | $0 | |
Deborah M Rafter Sec/treas | 24 | $0 | |
Dr Quinton Morales Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $55,625 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,625 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,700 |
| Professional fees and other payments to independent contractors | $2,038 |
| Occupancy, rent, utilities, and maintenance | $4,379 |
| Printing, publications, postage, and shipping | $634 |
| Other expenses | $12,855 |
| Total expenses | $42,606 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,213 |
| Other assets | $0 |
| Total assets | $45,350 |
| Total liabilities | $0 |
| Net assets or fund balances | $45,350 |
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|---|---|---|
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Pennsylvania Commission For Community Colleges Harrisburg, PA | $1,262,284 | $763,324 |