Colegio Biblico
- Assets
- $1.1m
- Revenue
- $486.7k
- Investments
- $302.1k
- Employees
- 7
- Location
- Eagle Pass, TX
- Founding
- 07/1950
- Data as of
- 12/2023
- EIN
- 74-6020879
Organization Overview
Colegio Biblico is located in Eagle Pass, TX. The organization was established in 1950. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Colegio Biblico employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colegio Biblico 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 12/2023, Colegio Biblico generated $486.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $668.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 9 years. 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
TO OPERATE A COLLEGE FOR THE PURPOSE OF TRAINING YOUNG PEOPLE (MEN AND WOMEN) TO PREACH THE GOSPEL IN ALL NATIONS, ESPECIALLY TO THE SPANISH SPEAKING WORLD; SO THAT CHURCHES OF CHRIST AFTER THE NEW TESTAMENT PATTERN MAY BE ESTABLISHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A COLLEGE FOR THE PURPOSE OF TRAINING YOUNG PEOPLE (MEN AND WOMEN) TO PREACH THE GOSPEL IN ALL NATIONS, ESPECIALLY TO THE SPANISH SPEAKING WORLD; SO THAT CHURCHES OF CHRIST AFTER THE NEW TESTAMENT PATTERN MAY BE ESTABLISHED.TOTAL CLASS HOURS FOR THE SPRING OF 2023 WAS 104 WITH SEVEN FULL TIME PROFESSORS AND 2 PART TIME PROFESSORS AT BOTH CAMPUSES. THE CLASS HOURS FOR THE FALL OF 2023 WAS 100 WITH SIX FULL TIME PROFESSORS AND 2 PART TIME PROFESSORS AT BOTH CAMPUSES.EIGHTEEN STUDENTS GRADUATED FROM THE PROGRAM IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Llamas President | OfficerTrustee | 40 | $40,000 |
Ed Skidmore Chairman | OfficerTrustee | 2 | $0 |
Ron Key Trustee | OfficerTrustee | 2 | $0 |
Javier Gomez Trustee | OfficerTrustee | 2 | $0 |
Rafael Tirado Trustee | OfficerTrustee | 2 | $0 |
Christopher K Roberts Secretary | OfficerTrustee | 2 | $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 | $268,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,382 |
| Total Program Service Revenue | $193,070 |
| Investment income | $8,540 |
| 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 | $16,723 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,877 |
| Grants and other assistance to Foreign Orgs/Individuals | $103,331 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $139,272 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,607 |
| Travel | $2,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,437 |
| Insurance | $0 |
| All other expenses | $40,101 |
| Total functional expenses | $668,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,341 |
| Savings and temporary cash investments | $1,835 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,375 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $700,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $302,064 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,448 |
| Total assets | $1,125,548 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $814,080 |
| Net assets with donor restrictions | $311,468 |
| 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 | $1,125,548 |