College Of Biblical Studies-Houston
- Assets
- $14.1m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 93
- Location
- Houston, TX
- Founding
- 03/1979
- Data as of
- 06/2022
- EIN
- 74-2016083
Organization Overview
College Of Biblical Studies-Houston is located in Houston, TX. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, College Of Biblical Studies-Houston employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Biblical Studies-Houston 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 06/2022, College Of Biblical Studies-Houston generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 4.4% 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
CBS PROVIDES ACCREDITED, BIBLICALLY- BASED UNDERGRADUATE EDUCATION FOR THE BODY OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, THE MISSION OF THE COLLEGE OF BIBLICAL STUDIES IS TO PROVIDE A COLLEGE EDUCATION TO HOUSTON'S UNDERSERVED, WITH A PRIMARY FOCUS ON AFRICAN-AMERICAN AND OTHER ETHNIC MINORITY GROUPS. IN THE YEAR ENDING JUNE 30, 2021, THE COLLEGE EXPANDED ITS REACH EVEN MORE THROUGH DISTANCE EDUCATION. CBS PROVIDED TRAINING TO 410 STUDENTS DURING FALL AND SPRING SEMESTERS WHO ARE EARNING THEIR ACCREDITED BACHELOR OR ASSOCIATE DEGREES OR BIBLE CERTIFICATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bill Blocker President | OfficerTrustee | 40 | $268,361 |
David W Tauber Sr Chairman Of The Board | OfficerTrustee | 1 | $0 |
James L Cowthran Vice Chairman | OfficerTrustee | 1 | $0 |
Ralph D Mcbride Secretary | OfficerTrustee | 1 | $0 |
Barksdale Hortenstine Treasurer | OfficerTrustee | 1 | $0 |
Matthew Barnes Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eternal Media Solutions Llc Classroom Hyflex Setup | 6/29/22 | $299,771 |
American Express Credit Card Provider | 6/29/22 | $235,334 |
Cp Pyramids Associates Lp Rent For College Space In Indiana | 6/29/22 | $278,696 |
Pixelriver Technology Llc Campus Wifi System | 6/29/22 | $120,773 |
Boxer Property Management Property Management | 6/29/22 | $107,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,859,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,183,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,042,962 |
| Total Program Service Revenue | $2,003,596 |
| Investment income | $343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $444,802 |
| Net Gain/Loss on Asset Sales | $68,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $617 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,568,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $599,240 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $519,968 |
| Compensation of current officers, directors, key employees. | $114,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,769,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $715,605 |
| Payroll taxes | $290,167 |
| 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 | $420,977 |
| Advertising and promotion | $84,692 |
| Office expenses | $178,418 |
| Information technology | $230,165 |
| Royalties | $0 |
| Occupancy | $503,145 |
| Travel | $119,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,303 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $271,473 |
| Insurance | $122,544 |
| All other expenses | $30,227 |
| Total functional expenses | $8,496,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,097,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $773,000 |
| Accounts receivable, net | $532,252 |
| 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 | $123,399 |
| Net Land, buildings, and equipment | $7,485,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,081 |
| Total assets | $14,076,191 |
| Accounts payable and accrued expenses | $662,065 |
| Grants payable | $0 |
| Deferred revenue | $415,202 |
| 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 | $0 |
| Total liabilities | $1,077,267 |
| Net assets without donor restrictions | $11,398,291 |
| Net assets with donor restrictions | $1,600,633 |
| 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 | $14,076,191 |