Corn Bible Academy Inc
- Assets
- $7.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Clinton, OK
- Founding
- 11/1988
- Data as of
- 06/2021
- 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 06/2021, Corn Bible Academy Inc employed 29 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 06/2021, Corn Bible Academy Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 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
2021
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 |
|---|---|---|---|
Mark Graf Chairman | OfficerTrustee | 1 | $0 |
Mike Brown Vice Chairman | OfficerTrustee | 1 | $0 |
Marci Russell Secretary | OfficerTrustee | 1 | $0 |
Brad Nelson Treasurer | OfficerTrustee | 1 | $0 |
Buddy Schmidt Member | Trustee | 1 | $0 |
Steve Frantz Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,415,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,555,712 |
| Total Program Service Revenue | $602,095 |
| Investment income | $178,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,606 |
| Net Gain/Loss on Asset Sales | $6,900 |
| Net Income from Fundraising Events | $147,687 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,496,870 |
| 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 | $608,844 |
| Pension plan accruals and contributions | $12,811 |
| Other employee benefits | $64,903 |
| Payroll taxes | $52,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,805 |
| Office expenses | $7,349 |
| Information technology | $41,671 |
| Royalties | $0 |
| Occupancy | $56,559 |
| Travel | $29,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,190 |
| Insurance | $40,587 |
| All other expenses | $12,917 |
| Total functional expenses | $1,088,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,076 |
| 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 | $5,614,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,011,767 |
| Total assets | $6,991,804 |
| Accounts payable and accrued expenses | $481 |
| 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 | $98,414 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $98,895 |
| Net assets without donor restrictions | $5,669,325 |
| Net assets with donor restrictions | $1,223,584 |
| 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 | $6,991,804 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corn Bible Academy Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $25,000 |
Endowment Analysis
| Beg. Balance | $767,280 |
| Earnings | $177,640 |
| Admin Expense | $5,924 |
| Net Contributions | $109,346 |
| Grants | $36,575 |
| Ending Balance | $1,011,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Legacy Missions International Dallas, TX | $14,330,799 | $19,529,503 |
Health Ministries Clinic Inc Newton, KS | $19,446,224 | $22,871,961 |
East-West Ministries International Plano, TX | $8,184,642 | $19,204,558 |
Marketplace Ministries Inc Plano, TX | $5,987,779 | $19,506,765 |
Foundation For A Christian Civilization Inc Rossville, KS | $19,284,785 | $19,952,584 |
Pioneer Bible Translators Dallas, TX | $22,558,672 | $19,174,102 |
Society Of St Vincent De Paul Archdiocese Of Galveston-Houston Houston, TX | $7,339,150 | $16,634,792 |
E3 Partners Ministry Plano, TX | $6,012,362 | $14,710,236 |
San Antonio Metropolitan Ministry Inc San Antonio, TX | $12,579,627 | $13,414,405 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Community Bible Study Colorado Springs, CO | $19,076,306 | $12,975,441 |
Cadence International Englewood, CO | $9,762,190 | $12,602,895 |