Corn Bible Academy Inc
- Assets
- $12.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Clinton, OK
- Founding
- 11/1988
- Data as of
- 06/2023
- EIN
- 73-0654898
Organization Overview
Corn Bible Academy Inc is located in Clinton, OK. The organization was established in 1988. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Corn Bible Academy Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corn Bible Academy 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 06/2023, Corn Bible Academy Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 7.1% 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
CORN BIBLE ACADEMY IS A PRIVATE CHRISTIAN JR HIGH AND HIGH SCHOOL. CORN BIBLE ACADEMYS MISSION IS TO PROVIDE A CHRIST-CENTERED ENVIRONMENT TO HELP PARENTS TRAIN THEIR CHILDREN TO GROW IN KNOWLEDGE, STRENGTH, SPIRIT, AND IN RELATION WITH GOD AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORN BIBLE ACADEMY OPERATED A PRIVATE CHRISTIAN JR HIGH AND HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buddy Schmidt Member | Trustee | 1 | $0 |
Steve Frantz Member | Trustee | 1 | $0 |
Craig Dyck Member | Trustee | 1 | $0 |
Pete Wall Member | Trustee | 1 | $0 |
George Marin Member | Trustee | 1 | $0 |
Nic Bittle Member | 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 | $939,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $939,215 |
| Total Program Service Revenue | $708,965 |
| Investment income | $69,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,041 |
| Net Gain/Loss on Asset Sales | $290,226 |
| Net Income from Fundraising Events | $196,895 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,214,598 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $682,162 |
| Pension plan accruals and contributions | $16,417 |
| Other employee benefits | $68,848 |
| Payroll taxes | $55,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,017 |
| Office expenses | $8,963 |
| Information technology | $61,217 |
| Royalties | $0 |
| Occupancy | $98,990 |
| Travel | $58,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $159,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $290,814 |
| Insurance | $66,527 |
| All other expenses | $5,449 |
| Total functional expenses | $1,824,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,757 |
| Savings and temporary cash investments | $390,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,468 |
| 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 | $8,589 |
| Net Land, buildings, and equipment | $10,399,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $978,555 |
| Total assets | $12,033,248 |
| Accounts payable and accrued expenses | $1,737 |
| 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 | $3,541,352 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,543,089 |
| Net assets without donor restrictions | $7,081,980 |
| Net assets with donor restrictions | $1,408,179 |
| 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 | $12,033,248 |