Charis Bible Colleges Inc
- Assets
- $1.3m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 358
- Location
- Woodland Park, CO
- Founding
- 09/2019
- Data as of
- 09/2023
- EIN
- 81-5070331
Organization Overview
Charis Bible Colleges Inc is located in Woodland Park, CO. The organization was established in 2019. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Charis Bible Colleges Inc employed 358 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charis Bible Colleges 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 09/2023, Charis Bible Colleges Inc generated $21.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $30.0m during the year ending 09/2023. 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 TRAIN AND EQUIP INDIVIDUALS TO CARRY OUT THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARIS BIBLE COLLEGES HAS OVER 1,000 STUDENTS ATTENDING THE MAIN CAMPUS IN WOODLAND PARK, COLORADO. THROUGH ITS WORLD OUTREACH PROGRAM, IT HAS AN ADDITIONAL 37 EXTENSION SCHOOLS WITH OVER 950 STUDENTS ACROSS THE UNITED STATES. IN ADDITION, CHARIS BIBLE COLLEGES HAS OVER 2,000 ONLINE AND CORRESPONDENCE STUDENTS. CHARIS BIBLE COLLEGES HOSTS BOTH PUBLIC EDUCATIONAL EVENTS AND STUDENT EXPERIENCE EVENTS. THESE EVENTS HELP OFFER A VARIED EDUCATIONAL EXPERIENCE TO STUDENTS AND FOSTER GREATER RELATIONSHIPS BETWEEN THE STUDENTS AND STAFF OF THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed CEO | OfficerTrustee | 1 | $0 |
Name Not Listed Ministry Ambassador | OfficerTrustee | 40 | $78,071 |
Name Not Listed VP | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackboard Inc Software | 9/29/23 | $319,133 |
Intermissions World Travel Travel | 9/29/23 | $246,120 |
D2l Ltd Software | 9/29/23 | $216,112 |
Anthology Inc Software | 9/29/23 | $189,311 |
Meta Platforms Advertising | 9/29/23 | $124,386 |
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 | $9,030,170 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,030,170 |
| Total Program Service Revenue | $12,007,512 |
| Investment income | $23,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $459,004 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,683,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,588 |
| Grants and other assistance to domestic individuals. | $1,084,922 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $935,484 |
| Compensation of current officers, directors, key employees. | $472,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,043,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,238,537 |
| Payroll taxes | $1,146,475 |
| 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 | $1,207,013 |
| Advertising and promotion | $380,902 |
| Office expenses | $1,886,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,436,239 |
| Travel | $1,765,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $205,976 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $233,633 |
| All other expenses | $112,911 |
| Total functional expenses | $29,979,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$695,950 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $282,126 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $147,975 |
| Prepaid expenses and deferred charges | $383,658 |
| Net Land, buildings, and equipment | $66,493 |
| Investments—publicly traded securities | $1,015,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,259 |
| Total assets | $1,336,232 |
| Accounts payable and accrued expenses | $634,707 |
| Grants payable | $0 |
| Deferred revenue | $3,846,990 |
| 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 | $16,314,686 |
| Total liabilities | $20,796,383 |
| Net assets without donor restrictions | -$22,710,604 |
| Net assets with donor restrictions | $3,250,453 |
| 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 | $1,336,232 |
Grants Awarded
Over the last fiscal year, Charis Bible Colleges Inc has awarded $25,152 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO SPRINGS CHRISTIAN SCHOOLS PURPOSE: Support missionary work, carry the Gospel, and support individuals who carry the Grace message | $16,152 |
THE INSTITUTE OF MINISTRY MANAGEMENT AND LEADERSHIP PURPOSE: Support missionary work, carry the Gospel, and support individuals who carry the Grace message | $9,000 |