Lancaster Bible College
- Assets
- $93.0m
- Revenue
- $48.0m
- Investments
- $0.0
- Employees
- 994
- Location
- Lancaster, PA
- Founding
- 06/1960
- Data as of
- 06/2021
- EIN
- 23-1484178
Organization Overview
Lancaster Bible College is located in Lancaster, PA. The organization was established in 1960. As of 06/2021, Lancaster Bible College employed 994 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster Bible College 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, Lancaster Bible College generated $48.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $40.9m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lancaster Bible College has awarded 34 individual grants totaling $2,204,185. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LANCASTER BIBLE COLLEGE AND GRADUATE SCHOOL EXISTS TO EDUCATE CHRISTIAN STUDENTS TO THINK AND LIVE A BIBLICAL WORLDVIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANCASTER BIBLE COLLEGE EDUCATES APPROXIMATELY 2100 CHRISTIAN POSTSECONDARY STUDENTS TO THINK AND LIVE A BIBLICAL WORLD VIEW AND TO PROCLAIM CHRIST BY SERVING HIM IN THE CHURCH AND SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Kiedis President | OfficerTrustee | 50 | $207,116 |
Dr Peter W Teague President Emeritus | 50 | $153,586 | |
Rev Zachary Ritvalsky VP Institutional Alignment | 45 | $136,970 | |
Dr Lee Deremer Executive Vice President | 45 | $126,667 | |
Dr Ryan Kuehner Chair Of Counseling & Soci | 45 | $112,334 | |
Tricia Wilson Provost | 45 | $108,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ydop Llc Internet Marketing | 6/29/20 | $118,850 |
Cloud Control Media Llc Digital Marketing | 6/29/20 | $128,543 |
Cloud Control Media Llc Digital Marketing | 6/29/20 | $128,543 |
Cloud Control Media Llc Digital Marketing | 6/29/20 | $128,543 |
Ydop Llc Internet Marketing | 6/29/20 | $118,850 |
Ydop Llc Internet Marketing | 6/29/20 | $118,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,660,501 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,188,318 |
| Noncash contributions included in lines 1a–1f | $461,102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,848,819 |
| Total Program Service Revenue | $33,112,089 |
| Investment income | $359,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $151,164 |
| Net Gain/Loss on Asset Sales | $1,274,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,014,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,984 |
| Grants and other assistance to domestic individuals. | $9,900,461 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $379,628 |
| Compensation of current officers, directors, key employees. | $18,967 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,780,229 |
| Pension plan accruals and contributions | $517,948 |
| Other employee benefits | $2,628,030 |
| Payroll taxes | $1,109,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,238 |
| Fees for services: Accounting | $48,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $137,808 |
| Fees for services: Other | $546,969 |
| Advertising and promotion | $566,633 |
| Office expenses | $1,535,663 |
| Information technology | $482,397 |
| Royalties | $0 |
| Occupancy | $1,371,804 |
| Travel | $391,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,615 |
| Interest | $428,657 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,196,723 |
| Insurance | $210,217 |
| All other expenses | $544,297 |
| Total functional expenses | $40,940,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,019,537 |
| Savings and temporary cash investments | $5,242,645 |
| Pledges and grants receivable | $205,243 |
| Accounts receivable, net | $2,321,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $395,252 |
| Prepaid expenses and deferred charges | $490,075 |
| Net Land, buildings, and equipment | $60,158,153 |
| Investments—publicly traded securities | $21,626,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,495,346 |
| Total assets | $92,955,102 |
| Accounts payable and accrued expenses | $593,930 |
| Grants payable | $0 |
| Deferred revenue | $1,596,053 |
| Tax-exempt bond liabilities | $27,809,024 |
| 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 | $0 |
| Other liabilities | $2,974,238 |
| Total liabilities | $32,973,245 |
| Net assets without donor restrictions | $47,098,084 |
| Net assets with donor restrictions | $12,883,773 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $92,955,102 |
Grants Awarded
Over the last fiscal year, Lancaster Bible College has awarded $699,282 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Lancaster, PA PURPOSE: TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES | $131,322 |
Lancaster, PA PURPOSE: TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES | $131,322 |
Lancaster, PA PURPOSE: TO ASSIST ITS SUPPORTING ORGANIZATION WITH ITS OPERATIONAL EXPENSES | $131,322 |
Colorado Springs, CO PURPOSE: SUPPORT FOR NEEDY CHILDREN | $96,622 |
Colorado Springs, CO PURPOSE: SUPPORT FOR NEEDY CHILDREN | $96,622 |
Colorado Springs, CO PURPOSE: SUPPORT FOR NEEDY CHILDREN | $96,622 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Lancaster Bible College has recieved totaling $446,381.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT | $248,974 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $25,000 |
Clark Assoc Charitable Fdn Lancaster, PA PURPOSE: PRODIVING OPERATING COSTS FOR UNDERGRADUATE SECONDARY EDUCATION | $20,000 |
Reese Foundation Lancaster, PA PURPOSE: TECHNOLOGY IMPROVEMENTS | $20,000 |
Agt Succ Tr Uw Mabel L Williams Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $15,398 |
Endowment Analysis
| Beg. Balance | $14,697,133 |
| Earnings | $3,465,278 |
| Admin Expense | $606,737 |
| Net Contributions | $669,124 |
| Ending Balance | $18,224,798 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster Bible College Lancaster, PA | $92,955,102 | $48,014,815 |
American Friends Of Rabbinical College Of Telzstone Inc Lakewood, NJ | $318,260 | $21,147,383 |
Friends Of Mosdot Goor Inc Brooklyn, NY | $1,038,299 | $11,536,535 |
Cincinnati Christian University Cincinnati, OH | $12,055,112 | $8,194,784 |
Rabbinical College Of America Morristown, NJ | $17,682,831 | $8,764,969 |
Talmudic Research Center Of Northern New Jersey Passaic, NJ | $6,255,764 | $5,201,190 |
American Council Of Rel & Vocatnl Sch Sys Of Beth Jacob Of Jer Inc Brooklyn, NY | $1,601,557 | $4,913,878 |
Institute For Islamic Christian And Jewish Studies Inc Baltimore, MD | $24,101,686 | $1,725,359 |
Association For Jewish Studies Inc New York, NY | $2,749,945 | $1,295,514 |
Yeshivas Bais Mordechai Of Teaneck Inc Teaneck, NJ | $1,013,053 | $1,259,759 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $53,047 | $754,208 |
Hadar Hatorah Inc Brooklyn, NY | $539,240 | $752,352 |