Manna Bible Institute
- Assets
- $1.5m
- Revenue
- $29.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 07/1957
- Data as of
- 06/2021
- EIN
- 23-1465637
Organization Overview
Manna Bible Institute is located in Philadelphia, PA. The organization was established in 1957. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Manna Bible Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manna Bible Institute 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 06/2021, Manna Bible Institute generated $29.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $64.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN BIBLE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL: PROGRAM PROVIDES A CHRISTIAN BIBLE EDUCATION LEADING TO A DEGREE IN THEOLOGY.
BOOKSTORE: PROVIDES A CONVENIENT WAY FOR STUDENTS TO PURCHASE TEXTBOOKS AND SUPPLIES NEEDED FOR STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cleonia J Walker Board Member | Trustee | 20 | $12,480 |
Edward Sparkman School President | Officer | 5 | $4,400 |
Leola Williams Secretary | OfficerTrustee | 2 | $0 |
Robert P Shine Chairman/board | OfficerTrustee | 1 | $0 |
Arvelle Jones Treasurer | Trustee | 0.25 | $0 |
Robert Figge Jr Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,400 |
| Total Program Service Revenue | $11,011 |
| Investment income | $649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $374 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,400 |
| Compensation of current officers, directors, key employees. | $3,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $834 |
| Office expenses | $5,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,996 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $64,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,241 |
| Savings and temporary cash investments | $741,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $761,116 |
| Investments—publicly traded securities | $2,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,508,474 |
| Accounts payable and accrued expenses | $20,327 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,100 |
| Other liabilities | $20,686 |
| Total liabilities | $51,113 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,457,361 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,508,474 |
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