Shasta Bible College
- Assets
- $2.2m
- Revenue
- $639.0k
- Investments
- $0.0
- Employees
- 27
- Location
- Redding, CA
- Founding
- 06/1974
- Data as of
- 05/2023
- EIN
- 94-2245517
Organization Overview
Shasta Bible College is located in Redding, CA. The organization was established in 1974. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Shasta Bible College employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shasta 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 05/2023, Shasta Bible College generated $639.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.0m during the year ending 05/2023. 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
CHRISTIAN EDUCATION & TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING AND TRAINING OF CHRISTIAN AND OTHER STUDENTS FOR PASTORS, TEACHERS AND MISSIONARY ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David Nicholas President | Officer | 40 | $56,943 |
Joel Northrup Trustee | Trustee | 1 | $0 |
Dr Ron Ott Chairman | Trustee | 1 | $0 |
Ron Ball Trustee | Trustee | 1 | $0 |
Andrew Scott Trustee | Trustee | 1 | $0 |
Tom Wickware Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,731 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,799 |
| Noncash contributions included in lines 1a–1f | $11,399 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,530 |
| Total Program Service Revenue | $196,833 |
| Investment income | $3,664 |
| 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 | $639,027 |
| 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. | $46,200 |
| Compensation of current officers, directors, key employees. | $5,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,458 |
| Payroll taxes | $85,575 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,872 |
| Insurance | $0 |
| All other expenses | $42,148 |
| Total functional expenses | $1,010,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,266 |
| Savings and temporary cash investments | $1,044 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,135 |
| 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 | $2,791 |
| Net Land, buildings, and equipment | $1,987,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,368 |
| Total assets | $2,177,843 |
| Accounts payable and accrued expenses | $34,387 |
| 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 | $145,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,878 |
| Net assets without donor restrictions | $694,176 |
| Net assets with donor restrictions | $1,303,789 |
| 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 | $2,177,843 |