South Florida Bible College & Theological Seminary

Organization Overview

South Florida Bible College & Theological Seminary is located in Deerfield Beach, FL. The organization was established in 1998. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, South Florida Bible College & Theological Seminary employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Florida Bible College & Theological Seminary 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, South Florida Bible College & Theological Seminary generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $4.5m during the year ending 06/2023. While expenses have increased by 20.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SOUTH FLORIDA BIBLE COLLEGE & THEOLOGICAL SEMINARY IS AN INSTITUTION OF HIGHER LEARNING WHERE THE BIBLE IS CENTRAL IN PREPARING MEN AND WOMEN FOR MINISTRY TO SERVE CHRIST AND HIS CHURCH THROUGH BIBLICAL THOUGHT AND CHRISTIAN LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO TRAIN MEN AND WOMEN OF GOD FOR A SPECIFIC VOCATION IN THE SECULAR WORLD AND TO PREPARE MEN AND WOMEN FOR FULL TIME MINISTRY SO THE BODY OF CHRIST MY BE EDIFIED AND THE STUDENTS CAN DO THE WORK THAT GOD HAS CALLED THEM TO DO.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Guadignino
Chancellor
$104,780
Mary Drabik
President &
$82,519
Bob Boutwell
Director
$0
Josephine Branch
Director
$0
Pastor Jonathan Hall
Director
$0
Philbert Hilliman
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$15,780
Related organizations$0
Government grants $1,073,272
All other contributions, gifts, grants, and similar amounts not included above$144,829
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,233,881
Total Program Service Revenue$3,012,054
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 -$32,138
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $5,686
Miscellaneous Revenue$0
Total Revenue $4,230,711

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