Divine Hope Reformed Bible Seminary
- Assets
- $968.8k
- Revenue
- $485.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Demotte, IN
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 45-4675669
Organization Overview
Divine Hope Reformed Bible Seminary is located in Demotte, IN. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Divine Hope Reformed Bible Seminary employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Divine Hope Reformed Bible 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 12/2021, Divine Hope Reformed Bible Seminary generated $485.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $390.2k during the year ending 12/2021. While expenses have increased by 1.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DIVINE HOPE REFORMED BIBLE SEMINARY EXISTS TO PROVIDE BIBLICAL AND THEOLOGICAL INSTRUCTION TO THE RESIDENTS OF CORRECTIONAL INSTITUTIONS. THE GOAL OF THIS RIGOROUS PROGRAM OF BIBLICAL AND THEOLOGICAL STUDIES IS THE MORAL TRANSFORMATION OF RESIDENTS IN CORRECTIONAL INSTITUTIONS SO THAT THEY CAN LIVE IN HOPE AND JOY AND BE A BLESSING TO THEIR FAMILIES, CHURCHES AND COMMUNITIES. DIVINE HOPES AIM IS TO FOSTER HUMILITY AND HOLINESS IN ITS STUDENTS. DIVINE HOPE REFORMED BIBLE SEMINARY SEEKS TO NURTURE INCARCERATED MEN AND WOMEN WHO CAN BE EXAMPLES OF MORAL TRANSFORMATION AND WHO ARE PEACEMAKERS IN THEIR PRISON COMMUNITIES AND BEYOND..
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING INMATES IN CORRECTIONAL FACITLITIES IN THE DOCTRINES OF CHRIST THROUGH BIBLICAL AND THEOLOGICAL TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Zandstra President | OfficerTrustee | 2 | $0 |
James Casey Secretary | OfficerTrustee | 2 | $0 |
Bruce Aardsma Vice President | OfficerTrustee | 2 | $0 |
Jacob Woldhuis Treasurer | OfficerTrustee | 2 | $0 |
Daniel Kramer Director | Trustee | 1 | $0 |
Larry Hollaar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,827 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $471,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,906 |
| Total Program Service Revenue | $0 |
| Investment income | $856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,885 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $485,877 |
| 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 | $251,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,262 |
| 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 | $315 |
| Advertising and promotion | $0 |
| Office expenses | $2,874 |
| Information technology | $318 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,436 |
| 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 | $8,157 |
| All other expenses | $0 |
| Total functional expenses | $390,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,311 |
| Savings and temporary cash investments | $49,990 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $578,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $968,803 |
| Accounts payable and accrued expenses | $2,877 |
| 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 | $2,877 |
| Net assets without donor restrictions | $965,926 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $968,803 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Divine Hope Reformed Bible Seminary has recieved totaling $103.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $103 |
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