Reformation Bible College Inc
- Assets
- $392.9k
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Sanford, FL
- Founding
- 05/2015
- Data as of
- 12/2020
- EIN
- 46-3103295
Organization Overview
Reformation Bible College Inc, operating under the name Reformation Bible College, is located in Sanford, FL. The organization was established in 2015. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2020, Reformation Bible College employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reformation Bible College 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 12/2020, Reformation Bible College generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.8% each year . All expenses for the organization totaled $3.3m during the year ending 12/2020. While expenses have increased by 5.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTION PROVIDING DEGREE PROGRAMS BASED ON REFORMED CHRISTIAN DOCTRINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REFORMATION BIBLE COLLEGE ("THE COLLEGE") IS A PLACE FOR BOTH LAYPEOPLE AND PASTORS TO STUDY GOD'S WORD. THROUGH UNDERGRADUATE DEGREES AND CERTIFICATES BASED ON REFORMED CHRISTIAN DOCTRINE, THE COLLEGE PREPARES STUDENTS FOR REAL-WORLD MINISTRY AND SERVICE IN ANY VOCATION.THE COLLEGE'S CLASSICALLY BASED UNDERGRADUATE DEGREE PROGRAM'S CURRICULUM INCLUDES COURSES ON THEOLOGY, BIBLICAL STUDIES, LITERATURE, AND MORE. DURING THE FALL 2020 SEMESTER, THERE WERE EIGHTY-ONE FULL-TIME STUDENTS AND TWENTY-TWO PART-TIME STUDENTS ENROLLED. DURING THE SPRING 2020 SEMESTER, THERE WERE SEVENTY-ONE FULL-TIME STUDENTS AND TWENTY-THREE PART-TIME STUDENTS ENROLLED.DOCTOR OF MINISTRY PROGRAM - THE DOCTOR OF MINISTRY (D.MIN) PROGRAM WAS A PROFESSIONAL DEGREE FOR PASTORS, MISSIONARIES, AND OTHERS INVOLVED IN FULL-TIME MINISTRY WHO DESIRE A DEEP KNOWLEDGE OF AND GREATER COMPETENCE IN THE PRACTICE OF MINISTRY. DURING 2020, THE COLLEGE'S D.MIN PROGRAM HAD ONE PART-TIME STUDENT. THE COLLEGE STOPPED ACCEPTING NEW D.MIN STUDENTS IN SPRING 2017.CONFERENCES - THE COLLEGE SEEKS TO HELP AS MANY PEOPLE AS POSSIBLE TO GROW IN THEIR KNOWLEDGE OF GOD AND HIS HOLINESS. THE COLLEGE FIRMLY BELIEVES THAT PEOPLE MUST HAVE A CLEAR UNDERSTANDING OF THE BIBLICAL DOCTRINE OF SALVATION. DURING ITS 2020 WINTER CONFERENCE, ATTENDEES EXPLORED THE SUFFICIENCY OF SCRIPTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stephen Nichols Chairman/president Rbc | OfficerTrustee | 40 | $229,167 |
Diane Berry Treasurer | Officer | 5 | $0 |
James Moore VP Operations/secretary | Officer | 5 | $0 |
James M Campisi Director | Trustee | 1 | $0 |
Christopher Larson Director | Trustee | 5 | $0 |
Dr Steven J Lawson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,511,762 |
| Government grants | $242,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,125,601 |
| Total Program Service Revenue | $1,238,929 |
| 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 | $12,390,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $666,586 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $265,995 |
| Compensation of current officers, directors, key employees. | $13,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,001,877 |
| Pension plan accruals and contributions | $39,384 |
| Other employee benefits | $216,454 |
| Payroll taxes | $67,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,179 |
| 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 | $61,990 |
| Advertising and promotion | $111,208 |
| Office expenses | $56,003 |
| Information technology | $16,810 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,113 |
| 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 | $8,490 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,276,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,315 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,650 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $392,858 |
| Accounts payable and accrued expenses | $245,263 |
| Grants payable | $0 |
| Deferred revenue | $9,923 |
| 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 | $255,186 |
| Net assets without donor restrictions | -$459,618 |
| Net assets with donor restrictions | $597,290 |
| 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 | $392,858 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Reformation Bible College Inc has recieved totaling $99,500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $89,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $400,000 |
| Ending Balance | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Poynter Institute For Media Studies Inc St Petersburg, FL | $51,768,897 | $13,169,218 |
Larkin University Corp Miami, FL | $15,883,479 | $7,901,976 |
Atlanta General Education Center Inc Norcross, GA | $3,508,771 | $4,772,601 |
Reformation Bible College Inc Sanford, FL | $392,858 | $12,390,616 |
Huntsville Baptist Institute Inc Huntsville, AL | $1,531,999 | $1,030,360 |
Association Of Collegiate Schools Of Planning Inc Tallahassee, FL | $777,149 | $532,348 |
Unad Florida Inc Sunrise, FL | $683,686 | $584,565 |
Higher Education Partnership Montgomery, AL | $786,156 | $629,024 |
Medical Career Academy Inc Palm Beach Gardens, FL | $1,015,799 | $532,336 |
Take Stock In Children Of Broward County Inc Miramar, FL | $1,026,202 | $400,276 |
Miami Music Festival Inc Miami Beach, FL | $42,145 | $478,160 |
Midfield Institute Of Cosmetology Midfield, AL | $233,311 | $464,865 |