Huntsville Baptist Institute Inc
- Assets
- $1.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Huntsville, AL
- Founding
- 05/1999
- Data as of
- 07/2022
- EIN
- 63-1191637
Organization Overview
Huntsville Baptist Institute Inc is located in Huntsville, AL. The organization was established in 1999. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 07/2022, Huntsville Baptist Institute Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntsville Baptist 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 07/2022, Huntsville Baptist Institute Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.0m during the year ending 07/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE INDIVIDUALS TO BECOME PASTORS, EVANGELISTS, MISSIONARY WORKERS, CHRISTIAN EDUCATION TEACHERS AND AND TO ASSIST THE LOCAL CHURCH IN CARRYING OUT ITS MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARE INDIVIDUALS TO BECOME PASTORS, EVANGELISTS, MISSIONARY WORKERS, CHRISTIAN EDUCATION TEACHERS AND YOUTH WORKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Clay President | Officer | 1 | $63,300 |
Bobby Mcdonald Chairman | OfficerTrustee | 1 | $0 |
Denver Betts Co-Chairman | OfficerTrustee | 1 | $0 |
Harold Moore Asst. Secretary | OfficerTrustee | 1 | $0 |
Harriett Littlepage Secretary | OfficerTrustee | 1 | $0 |
Dr Harry Hobbs Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $233,359 |
| Related organizations | $0 |
| Government grants | $528,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857,257 |
| Total Program Service Revenue | $150,359 |
| Investment income | $14,936 |
| 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 | $1,030,360 |
| 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. | $62,025 |
| Compensation of current officers, directors, key employees. | $7,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,914 |
| Pension plan accruals and contributions | $13,576 |
| Other employee benefits | $5,021 |
| Payroll taxes | $16,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,963 |
| Advertising and promotion | $24,233 |
| Office expenses | $1,998 |
| Information technology | $22,142 |
| Royalties | $0 |
| Occupancy | $11,768 |
| Travel | $2,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,796 |
| Insurance | $6,767 |
| All other expenses | $265,230 |
| Total functional expenses | $1,016,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,601 |
| Savings and temporary cash investments | $157,374 |
| Pledges and grants receivable | $23,954 |
| Accounts receivable, net | $24,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,677 |
| Prepaid expenses and deferred charges | $7,809 |
| Net Land, buildings, and equipment | $1,273,492 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,531,999 |
| Accounts payable and accrued expenses | $12,892 |
| 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 | $477,963 |
| Unsecured mortgages and notes payable | $6 |
| Other liabilities | $0 |
| Total liabilities | $490,861 |
| Net assets without donor restrictions | $1,041,138 |
| 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 | $1,531,999 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Huntsville Baptist Institute Inc has recieved totaling $59.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Poynter Institute For Media Studies Inc St Petersburg, FL | $51,768,897 | $13,169,218 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Larkin University Corp Miami, FL | $15,883,479 | $7,901,976 |
Memphis College Of Art Memphis, TN | $723,329 | $5,588,063 |
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 |
New College Franklin Inc Franklin, TN | $149,226 | $515,895 |