Great Lakes Bible Institute Inc
- Assets
- $4.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mentor, OH
- Founding
- 03/2009
- Data as of
- 03/2024
- EIN
- 26-3498441
Organization Overview
Great Lakes Bible Institute Inc is located in Mentor, OH. The organization was established in 2009. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Bible Institute 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 03/2024, Great Lakes Bible Institute Inc generated $8.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $8.0k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 5 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
2024
Describe the Organization's Program Activity:
Part 3
DURING THE 2022-23 ACADEMIC YEAR, THE INSTITUTE OFFERED 3 COURSES TO A TOTAL OF 250 ADULT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Hobi Vice President And Director | 0 | $0 | |
David L Hixson Treasurer And Director | 0 | $0 | |
Anthony Iorillo Instructor | 10 | $7,800 | |
Tyler Teske Finance Manager | 0.5 | $0 | |
Michael Hixson President & Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,200 |
| Total Program Service Revenue | $1,386 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,586 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,800 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $232 |
| Total expenses | $8,032 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,204 |
| Other assets | $0 |
| Total assets | $4,647 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,647 |