Carolina Bible Institute Inc
- Assets
- $74.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pine Level, NC
- Founding
- 11/1982
- Data as of
- 12/2022
- EIN
- 56-1310539
Organization Overview
Carolina Bible Institute Inc is located in Pine Level, NC. The organization was established in 1982. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Bible Institute 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 12/2022, Carolina Bible Institute Inc generated $77.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $81.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE ON CAMPUS INSTRUCTIONAL CLASSES AND SERVICES AND HOME STUDY PROGRAMS. PROVIDE ARTICLES ANDINFORMATION FOR STUDENTS AND ALUMNI INCLUDING SPECIALIZED TECHNOLOGICAL TRAINING. PROVIDE ORGANIZATION FOR ALUMNI. PROVIDE INTEREST INCOME TO BE USED BY OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willard T Kelley President Jan-June | 30 | $8,700 | |
Renee Hargis Assistant Secretary | 35 | $24,814 | |
Johnathan Solomon Online Tech | 12 | $3,800 | |
Tim Copeland Board Of Trustees | 1 | $0 | |
Walter Blackman Board Of Trustees | 1 | $0 | |
James Bogle Board Of Trustees | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,106 |
| Total Program Service Revenue | $15,500 |
| Membership dues | $0 |
| Investment income | $52 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $567 |
| Total Revenue | $77,215 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,300 |
| Professional fees and other payments to independent contractors | $11,100 |
| Occupancy, rent, utilities, and maintenance | $11,491 |
| Printing, publications, postage, and shipping | $950 |
| Other expenses | $19,554 |
| Total expenses | $81,395 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,971 |
| Other assets | $0 |
| Total assets | $74,394 |
| Total liabilities | $535 |
| Net assets or fund balances | $73,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C S Lewis Institute Inc Springfield, VA | $1,394,135 | $2,082,336 |
University Christian Ministries Inc Charlottesville, VA | $9,020,029 | $1,564,834 |
Andersonville Baptist Seminary Inc Camilla, GA | $615,811 | $904,056 |
Biblical Theological Seminary Of Poland Memphis, TN | $166,177 | $553,180 |
Cornerstone College Of Virginia Spotsylvania Courthous, VA | $1,541,107 | $2,098,175 |
Rappahannock Westminster Canterbury Foundation Irvington, VA | $9,729,974 | $1,151,751 |
Griffith Theological Research Foundation Inc Decatur, GA | $5,054,537 | $323,065 |
American University Of Biblical Studies Inc Douglasville, GA | $0 | $0 |
Carolina Bible Institute Inc Pine Level, NC | $74,394 | $0 |
American Open University Inc Alexandria, VA | $570,521 | $102,082 |