Montana Bible College
- Assets
- $3.9m
- Revenue
- $953.1k
- Investments
- $912.3k
- Employees
- 45
- Location
- Bozeman, MT
- Founding
- 09/1987
- Data as of
- 06/2020
- EIN
- 81-0444020
Organization Overview
Montana Bible College is located in Bozeman, MT. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Montana Bible College employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Bible College 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 06/2020, Montana Bible College generated $953.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MONTANA BIBLE COLLEGE EXISTS TO GLORIFY GOD THROUGH BIBLICAL HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MBC OFFERS FIVE COURSES OF STUDY EACH OF WHICH RESULTS IN A BACHELOR OF ARTS IN BIBLICAL STUDIES. THE 2020-21 SCHOOL YEAR SAW AN AVERAGE OF 59 FULL-TIME EQUIVALENT STUDENTS.
MBC OFFERS FIVE COURSES OF STUDY EACH OF WHICH RESULTS IN A BACHELOR OF ARTS IN BIBLICAL STUDIES. THE 2020-21 SCHOOL YEAR SAW AN AVERAGE OF 59 FULL-TIME EQUIVALENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leota Fred CFO | Officer | 40 | $50,227 |
Ryan Ward President | OfficerTrustee | 40 | $24,082 |
Harlan Durgan Vice-Chair | OfficerTrustee | 1 | $0 |
William Grinder Chair | OfficerTrustee | 1 | $0 |
Ken Fenno Secretary/tr | OfficerTrustee | 1 | $0 |
Mark Danielson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,438 |
| Investment income | $43,130 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $953,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $50,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $515,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $67,314 |
| 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 | $34,220 |
| Advertising and promotion | $73,253 |
| Office expenses | $23,878 |
| Information technology | $13,535 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,033 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,269 |
| All other expenses | $0 |
| Total functional expenses | $1,144,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,822 |
| Savings and temporary cash investments | $143,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,903 |
| Prepaid expenses and deferred charges | $29,061 |
| Investments—publicly traded securities | $18,616 |
| Investments—other securities | $912,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,908,286 |
| Accounts payable and accrued expenses | $36,523 |
| Grants payable | $0 |
| Deferred revenue | $12,716 |
| 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 | $117,063 |
| Other liabilities | $0 |
| Total liabilities | $166,302 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,741,984 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Bible College has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $2,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |
Flathead Valley Community College Foundation Inc Kalispell, MT | $25,563,626 | $6,206,256 |
Northern Wyoming Community College Foundation Sheridan, WY | $33,113,108 | $3,315,180 |
Northwest College Foundation Powell, WY | $59,844,602 | $7,208,480 |
Williston State College Foundation Williston, ND | $26,851,284 | $7,223,320 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
The Bismarck State College Foundation Bismarck, ND | $52,565,750 | $4,203,198 |
Valley City State University Foundation Valley City, ND | $18,931,398 | $7,610,342 |