Grace Baptist Bible College Inc
- Assets
- $29.9k
- Revenue
- $191.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Winston Salem, NC
- Founding
- 12/2009
- Data as of
- 06/2022
- EIN
- 27-0737984
Organization Overview
Grace Baptist Bible College Inc is located in Winston Salem, NC. The organization was established in 2009. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Grace Baptist Bible College Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Baptist Bible College 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 06/2022, Grace Baptist Bible College Inc generated $191.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $224.6k during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PREPARATIONG OF INDIVIDUALS FOR SERVANT LEADERSHIP IN PASTORAL, MISSIONS, AND CHURCH RELATED MINISTRIED THROUGH A PROGRAM OF BIBLICAL, THEOLOGICAL, MINISTRY AND GENERAL EDUCATION STUDIES INTEGRATED WITH AN EXTENSIVE MENTORING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND ACADEMIC SUPPORT: THESE EXPENSES INCLUDE THE SALARIES FOR THE FACULTY IN ORDER TO DELIVER INSTRUCTION TO OUR STUDENTS. THE OTHER PRIMARY EXPENSE IN THIS CATEGORY IS THE POTENTIAL COST OF DONATED FACILITIES FOR 40800.
INSTITUTIONAL SUPPORT: THESE EXPENSES INCLUDE THE SALARIES FOR THE LIBRARIAN AND TWO STAFF MEMBERS IN ORDER TO PROVIDE A LIBRARY THAT SUPPORTS THE CURRICULUM. THIS AREA INCLUDES SOME OF THE FUNCTIONAL EXPENSES THAT ARE ESSENTIAL TO PROVIDE A PROGRAM OF INSTRUCTION, COPYING AND PRINTING, MANAGEMENT AND ACCOUNTING SOFTWARE AND TECHNOLOGY. THE OTHER EXPENSE IN THIS CATEGORY IS THE POTENTIAL COSTS OF DONATED FACILITIES FOR 6000.
INSTITUTIONAL DEVELOPMENT: THIS AREA INCLUDES COSTS FOR COPYING AND PRINTING FOR OUR PUBLICATIONS AND FUNDRAISING EFFORTS, CONFERENCE COSTS, FUNDRAISING EXPENSES AND POSTAGE. THE PURPOSE OF THIS AREA IS PROMOTION FOR THE COLLEGE IN TERMS OF STUDENT AND FUNDRAISING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Allison Trustee | Trustee | $0 | |
Ronald Helsley Sec/treasure | Trustee | $0 | |
Chris Mcmillan Chairman | Trustee | $0 | |
Jennings O'neil Trustee | Trustee | $0 | |
Nathan Page Vice-Chairma | Trustee | $0 | |
David Pattisall Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,591 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,323 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,800 |
| 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 | $2,685 |
| All other expenses | $0 |
| Total functional expenses | $224,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,957 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,922 |
| Accounts payable and accrued expenses | $190,756 |
| 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 | $0 |
| Total liabilities | $190,756 |
| Net assets without donor restrictions | -$160,834 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$160,834 |