Trinity Baptist College Inc
- Assets
- $7.2m
- Revenue
- $5.1m
- Investments
- $114.0k
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 09/2009
- Data as of
- 06/2024
- EIN
- 41-2270181
Organization Overview
Trinity Baptist College Inc is located in Jacksonville, FL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Baptist 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 06/2024, Trinity Baptist College Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $5.0m during the year ending 06/2024. While expenses have increased by 5.2% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE AND TRAIN STUDENTS FOR CHRISTIAN SERVICE IN A MULTITUDE OF FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mac Heavener Jr President | OfficerTrustee | 25 | $0 |
Finley Hair Board Member | Trustee | 5 | $0 |
Dan Proctor Board Member | Trustee | 5 | $0 |
Gary Cooke Secretary/treasurer | OfficerTrustee | 5 | $0 |
Howard Closs Jr Board Member | Trustee | 5 | $0 |
Ed Gibson Board Member | Trustee | 5 | $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 | $220,531 |
| Noncash contributions included in lines 1a–1f | $8,109 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,531 |
| Total Program Service Revenue | $4,785,844 |
| Investment income | $11,899 |
| 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 | $5,076,592 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $349,312 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $154,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,468 |
| Insurance | $0 |
| All other expenses | $882,662 |
| Total functional expenses | $5,031,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,521 |
| Savings and temporary cash investments | $55,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,894 |
| 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 | $10,020 |
| Net Land, buildings, and equipment | $6,557,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $113,952 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,858 |
| Total assets | $7,190,317 |
| Accounts payable and accrued expenses | $117,258 |
| Grants payable | $0 |
| Deferred revenue | $46,241 |
| 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 | $3,144,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,004 |
| Total liabilities | $3,316,421 |
| Net assets without donor restrictions | $3,838,057 |
| Net assets with donor restrictions | $35,839 |
| 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 | $7,190,317 |