Ambassador Baptist College
- Assets
- $3.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 120
- Location
- Lattimore, NC
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 56-1648007
Organization Overview
Ambassador Baptist College is located in Lattimore, NC. The organization was established in 1989. 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, Ambassador Baptist College employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ambassador Baptist College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEGREED COURSES OFFERED TO MEN AND WOMEN IN TRAINING AND PREPARATION TO ENTER THE MINISTRY OF PREACHING AND TEACHING THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEN AND WOMEN FROM OVER 40 STATES AND FOREIGN COUNTRIES ARE OFFERED DEGREED COURSES IN TRAINING AND PREPARATION TO ENTER THE MINISTRY OF PREACHING AND TEACHING THE GOSPEL. EDUCATIONAL, LIVING, AND RELIGIOUS FACILITIES ARE MAINTAINED ON CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alton Beal President Chairman | OfficerTrustee | 60 | $63,580 |
Randy Bunn Business Manager | Officer | 45 | $37,085 |
Ron Comfort Executive Committee | Trustee | 5 | $24,750 |
Tim Daniel Vice Chair | OfficerTrustee | 1 | $0 |
David Mcclellan Secretary | OfficerTrustee | 1 | $0 |
David Murrell Executive Committee | Trustee | 1 | $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 | $1,226,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,064 |
| Total Program Service Revenue | $1,238,378 |
| 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 | $70,914 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,584,365 |
| 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. | $125,415 |
| Compensation of current officers, directors, key employees. | $35,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,116,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,944 |
| Payroll taxes | $74,444 |
| 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 | $67,609 |
| Office expenses | $168,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,901 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,379 |
| Insurance | $0 |
| All other expenses | $29,964 |
| Total functional expenses | $2,482,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,321 |
| Savings and temporary cash investments | $27,465 |
| 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 | $36,421 |
| Prepaid expenses and deferred charges | $5,272 |
| Net Land, buildings, and equipment | $3,016,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,180 |
| Total assets | $3,349,169 |
| Accounts payable and accrued expenses | $27,064 |
| Grants payable | $0 |
| Deferred revenue | $86,387 |
| 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 | $32,679 |
| Other liabilities | $0 |
| Total liabilities | $146,130 |
| Net assets without donor restrictions | $3,025,559 |
| Net assets with donor restrictions | $177,480 |
| 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 | $3,349,169 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ambassador Baptist College has recieved totaling $74,316.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $52,000 |
Eternal Vision Inc Watertown, WI PURPOSE: Student Assistance | $21,810 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Voorhees College Denmark, SC | $34,849,156 | $40,025,778 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
Brewton Parker College Inc Mount Vernon, GA | $26,983,767 | $18,922,646 |
Bennett College Greensboro, NC | $45,162,174 | $40,377,386 |
Morris College Sumter, SC | $47,268,567 | $16,212,901 |
Welch College Gallatin, TN | $41,634,056 | $11,542,139 |
Paine College Augusta, GA | $39,651,651 | $10,570,569 |
Fairfax University Of America Fairfax, VA | $12,151,860 | $8,266,608 |
Clayton State University Foundation Inc Morrow, GA | $97,218,630 | $15,697,742 |
American Baptist Theological Seminary Nashville, TN | $11,177,466 | $7,876,217 |