Carver Baptist Bible Institute College & Theological Seminary
- Assets
- $395.8k
- Revenue
- $379.3k
- Investments
- $206.5k
- Employees
- 3
- Location
- Raytown, MO
- Founding
- 06/1968
- Data as of
- 06/2022
- EIN
- 43-0916344
Organization Overview
Carver Baptist Bible Institute College & Theological Seminary, operating under the name & Theological Seminary, is located in Raytown, MO. The organization was established in 1968. 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, & Theological Seminary employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. & Theological Seminary 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, & Theological Seminary generated $379.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $346.7k during the year ending 06/2022. While expenses have increased by 8.4% per year over the past 7 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
CARVER BAPTIST BIBLE COLLEGE, INSTITUTE & THEOLOGICAL SEMINARY, AS A CHRISTIAN INSTITUTION OF HIGHER EDUCATION, EXISTS TO GLORIFY GOD BY TRAINING AND EQUIPPING CHRISTIANS FOR EFFECTIVE LOCAL CHURCH MINISTRY IN A MULTI-ETHNIC WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING PASTORS, MISSIONARIES, ADMINISTRATORS, MINISTRY LEADERS, YOUTH WORKERS, AND OTHERS WHO WISH TO SERVE IN MINISTRY WITH EXCELLENCE, ESPECIALLY IN MULTI-ETHNIC AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Antoine D Richardson President | OfficerTrustee | 40 | $13,000 |
Phyllis Kopp Secretary | OfficerTrustee | 1 | $0 |
Dr Luke Bobo Chairman | OfficerTrustee | 1 | $0 |
Kent Lugrand Parliamentarian | OfficerTrustee | 1 | $0 |
Ronald Q Williams Vice-Chairman | OfficerTrustee | 1 | $0 |
Everton Neil Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,763 |
| Noncash contributions included in lines 1a–1f | $35,734 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,171 |
| Total Program Service Revenue | $59,003 |
| Investment income | $129 |
| 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 | $379,303 |
| 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. | $38,000 |
| Compensation of current officers, directors, key employees. | $7,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,311 |
| Pension plan accruals and contributions | $6,913 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,007 |
| 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 | $3,886 |
| Information technology | $407 |
| Royalties | $0 |
| Occupancy | $16,137 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,300 |
| Interest | $107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $686 |
| Insurance | $5,243 |
| All other expenses | $32,604 |
| Total functional expenses | $346,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,361 |
| Prepaid expenses and deferred charges | $1,412 |
| Net Land, buildings, and equipment | $2,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $206,465 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,757 |
| Accounts payable and accrued expenses | $1,455 |
| 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 | $1,455 |
| Net assets without donor restrictions | $279,917 |
| Net assets with donor restrictions | $114,385 |
| 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 | $395,757 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carver Baptist Bible Institute College & Theological Seminary has recieved totaling $11,100.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $11,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |