Biblical Life Institute
- Assets
- $1.6m
- Revenue
- $353.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Freeport, PA
- Founding
- 02/1965
- Data as of
- 06/2021
- EIN
- 25-6068388
Organization Overview
Biblical Life Institute is located in Freeport, PA. The organization was established in 1965. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Biblical Life Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biblical Life 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, Biblical Life Institute generated $353.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $308.6k during the year ending 06/2021. 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
BIBLICAL LIFE INSTITUTE IS A SCHOOL OF BIBLICAL HIGHER EDUCATION THAT PREPARES STUDENTS FOR FAITHFUL THOUGHT AND LIFE IN ORDER TO TRANSFORM LIVES AND BUILD THE KINGDOM OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEOLOGICAL HIGHER EDUCATION - THE MAIN FOCUS OF BLI CONTINUES TO BE EDUCATING MEN AND WOMEN FOR VARIOUS ROLES IN CHRISTIAN MINISTRY. IN 2020-21 WE BECAME A LEGACY PARTNER IN KAIROS UNIVERSITY, WHOSE EDUCATIONAL INITIATIVES SPAN THE GLOBE AND INCLUDE UNDERGRADUATE THROUGH DOCTORAL DEGREES.
THEOLOGICAL HIGHER EDUCATION - THE MAIN FOCUS OF BLI CONTINUES TO BE EDUCATING MEN AND WOMEN FOR VARIOUS ROLES IN CHRISTIAN MINISTRY. IN 2020-21 WE BECAME A LEGACY PARTNER IN KAIROS UNIVERSITY, WHOSE EDUCATIONAL INITIATIVES SPAN THE GLOBE AND INCLUDE UNDERGRADUATE THROUGH DOCTORAL DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Bailey President | Officer | 40 | $78,000 |
Jeremy Bill Chair | OfficerTrustee | 1 | $0 |
Matt Smith Treasurer | OfficerTrustee | 1 | $0 |
Gregg Becker Director | Trustee | 1 | $0 |
Darren Degraaf Director | Trustee | 1 | $0 |
Matthew Paulson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,628 |
| Total Program Service Revenue | $0 |
| Investment income | $118,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,743 |
| Net Gain/Loss on Asset Sales | -$1,876 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,745 |
| 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. | $78,000 |
| Compensation of current officers, directors, key employees. | $18,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,665 |
| Advertising and promotion | $0 |
| Office expenses | $1,128 |
| Information technology | $327 |
| Royalties | $0 |
| Occupancy | $37,699 |
| Travel | $10 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,587 |
| Insurance | $13,214 |
| All other expenses | $0 |
| Total functional expenses | $308,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,934 |
| Savings and temporary cash investments | $13,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $917,213 |
| Investments—publicly traded securities | $586,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,567,456 |
| Accounts payable and accrued expenses | $21,989 |
| 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 | $0 |
| Other liabilities | $1,814 |
| Total liabilities | $23,803 |
| Net assets without donor restrictions | $1,204,197 |
| Net assets with donor restrictions | $339,456 |
| 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 | $1,567,456 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biblical Life Institute has recieved totaling $32.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
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