Kentucky Mountain Bible College Incorporated
- Assets
- $9.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 131
- Location
- Jackson, KY
- Founding
- 06/1987
- Data as of
- 06/2023
- EIN
- 61-1103422
Organization Overview
Kentucky Mountain Bible College Incorporated is located in Jackson, KY. The organization was established in 1987. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, Kentucky Mountain Bible College Incorporated employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Mountain Bible College Incorporated 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 06/2023, Kentucky Mountain Bible College Incorporated generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND PREPARE STUDENTS FOR BIBLICAL GOSPEL MINISTRY AS EDUCATORS, PASTORS, AND FOREIGN MISSIONARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY MOUNTAIN BIBLE COLLEGE (KMBC) IS A PRIVATE, HOLINESS CHRISTIAN COLLEGE LOCATED IN VANCLEVE, KENTUCKY. IT IS KNOWN FOR ITS STRONG EMPHASIS ON BIBLICAL STUDIES, CHRISTIAN MINISTRY, AND PREPARING STUDENTS FOR LEADERSHIP ROLES IN CHURCHES, CHRISTIAN ORGANIZATIONS, AND MISSIONS. THE COLLEGE OFFERS VARIOUS DEGREE PROGRAMS FOCUSED ON THEOLOGY, PASTORAL STUDIES, CHRISTIAN EDUCATION, AND MISSIONS, AMONG OTHERS. KMBC APPEALS TO STUDENTS WHO ARE LOOKING FOR A DEEPLY SPIRITUAL AND ACADEMICALLY RIGOROUS EDUCATION GROUNDED IN THE WESLEYAN-HOLINESS TRADITION. IT ATTRACTS INDIVIDUALS WHO ARE COMMITTED TO SERVING IN MINISTRY, MISSIONS, AND OTHER FORMS OF CHRISTIAN SERVICE. THE COLLEGE'S COMMUNITY IS CHARACTERIZED BY A STRONG EMPHASIS ON PERSONAL HOLINESS, SPIRITUAL GROWTH, AND PRACTICAL MINISTRY EXPERIENCE. STUDENTS WHO CHOOSE KMBC ARE OFTEN LOOKING FOR A CLOSE-KNIT, SUPPORTIVE COMMUNITY WHERE THEY CAN DEVELOP THEIR FAITH AND PREPARE FOR A LIFE OF SERVICE TO GOD AND OTHERS. THE COLLEGE PRIDES ITSELF ON ITS MISSION TO EQUIP MEN AND WOMEN TO SERVE WITH A PASSION FOR CHRIST, A COMMITMENT TO HOLINESS, AND A HEART FOR SERVICE. IT OFFERS A VARIETY OF EXTRACURRICULAR ACTIVITIES AND ORGANIZATIONS THAT PROMOTE SPIRITUAL DEVELOPMENT, COMMUNITY SERVICE, AND LEADERSHIP SKILLS. KMBC IS ALSO KNOWN FOR ITS BEAUTIFUL, RURAL SETTING, WHICH PROVIDES A PEACEFUL ENVIRONMENT FOR STUDY AND REFLECTION. FOR THOSE INTERESTED IN A CAREER IN MINISTRY OR A RELATED FIELD, OR FOR INDIVIDUALS SEEKING A COLLEGE EXPERIENCE THAT INTEGRATES DEEP SPIRITUAL FORMATION WITH ACADEMIC LEARNING, KENTUCKY MOUNTAIN BIBLE COLLEGE COULD BE A COMPELLING CHOICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Pocai President | Officer | 40 | $24,569 |
Stephen Lorimer VP Business | Officer | 40 | $4,046 |
William Angus Board Member | Trustee | 1 | $0 |
Glenn Black Board Member | Trustee | 1 | $0 |
Titus Byer Board Member | Trustee | 1 | $0 |
Chris Cravens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $828,289 |
| Noncash contributions included in lines 1a–1f | $36,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857,905 |
| Total Program Service Revenue | $1,225,996 |
| Investment income | $323,718 |
| 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 | $2,548,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $322,726 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,615 |
| Compensation of current officers, directors, key employees. | $2,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $695,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $136,912 |
| 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 | $45,917 |
| Advertising and promotion | $80,709 |
| Office expenses | $124,393 |
| Information technology | $46,311 |
| Royalties | $0 |
| Occupancy | $245,630 |
| Travel | $76,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,277 |
| Insurance | $76,916 |
| All other expenses | $0 |
| Total functional expenses | $2,430,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,011,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,359 |
| 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 | $2,814,699 |
| Investments—publicly traded securities | $5,569,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,942 |
| Total assets | $9,661,221 |
| Accounts payable and accrued expenses | $335,390 |
| Grants payable | $0 |
| Deferred revenue | $5,484 |
| 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 | $51,942 |
| Total liabilities | $392,816 |
| Net assets without donor restrictions | $5,849,533 |
| Net assets with donor restrictions | $3,418,872 |
| 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 | $9,661,221 |