Alaska Bible College
- Assets
- $3.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Anchorage, AK
- Founding
- 05/1997
- Data as of
- 05/2022
- EIN
- 94-3255546
Organization Overview
Alaska Bible College is located in Anchorage, AK. The organization was established in 1997. As of 05/2022, Alaska Bible College employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska 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 05/2022, Alaska Bible College generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $977.2k during the year ending 05/2022. 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
THE PURPOSE OF ALASKA BIBLE COLLEGE IS TO EXALT THE LORD JESUS CHRIST AND EXTEND HIS CHURCH BY BIBLICALLY TRAINING BELIEVERS TO BE SERVANT-LEADERS WITH CHRIST-LIKE CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND INSTRUCT STUDENTS TO TRANSFORM THE WORLD THROUGH MINISTRIES THAT EVANGLIZE, DISCIPLE, AND MEET HUMAN NEEDS.THE MAJORITY OF FULL-TIME STUDENTS LIVE IN THE CAMPUS DOMITORIES. DORM STUDENTS USUALLY EAT TOGETHER IN THE FOOD CACHE (CAFETERIA), WHICH ALSO PROVIDES A COMFORTABLE ATMOSPHERE FOR SOCIAL AND LEISURE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ley President | Officer | 40 | $75,000 |
Mark Fleenor Chair | OfficerTrustee | 1 | $0 |
Al Strawn Vice Chair/t | OfficerTrustee | 1 | $0 |
Ron Schrock Secretary | OfficerTrustee | 1 | $0 |
Ron Wayner Board Member | Trustee | 1 | $0 |
Dr Vaughn Hammond Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,370 |
| Noncash contributions included in lines 1a–1f | $16,975 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,216 |
| Total Program Service Revenue | $380,622 |
| Investment income | -$9,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,280 |
| Net Gain/Loss on Asset Sales | $713,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $422 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,598,571 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,085 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,666 |
| 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 | $34,920 |
| Advertising and promotion | $4,652 |
| Office expenses | $6,507 |
| Information technology | $23,156 |
| Royalties | $0 |
| Occupancy | $57,106 |
| Travel | $7,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,747 |
| Interest | $15,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,392 |
| Insurance | $22,721 |
| All other expenses | $0 |
| Total functional expenses | $977,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,747 |
| Savings and temporary cash investments | $27 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,828 |
| Prepaid expenses and deferred charges | $25,292 |
| Net Land, buildings, and equipment | $1,043,005 |
| Investments—publicly traded securities | $2,037,281 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,170,200 |
| Accounts payable and accrued expenses | $15,117 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| 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 | $249,223 |
| Other liabilities | $35,153 |
| Total liabilities | $299,893 |
| Net assets without donor restrictions | $2,686,030 |
| Net assets with donor restrictions | $184,277 |
| 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 | $3,170,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alaska Bible College has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Eden Bridge Foundation Lancaster, PA PURPOSE: DONATION TO MINISTRY | $5,000 |
Endowment Analysis
| Beg. Balance | $111,585 |
| Earnings | -$200,281 |
| Net Contributions | $1,916,310 |
| Grants | -$49,995 |
| Ending Balance | $1,777,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Martins University Lacey, WA | $107,504,125 | $83,647,205 |
Uw Physicians Network Seattle, WA | $28,108,083 | $71,347,510 |
The College Of Idaho Inc Caldwell, ID | $172,477,776 | $58,915,354 |
Northwest Nazarene University Inc Nampa, ID | $150,539,904 | $62,049,602 |
Lakeside School Seattle, WA | $394,164,521 | $65,054,128 |
Northwest University Kirkland, WA | $66,204,859 | $53,966,388 |
Snohomish County Workforce Development Council Everett, WA | $4,878,979 | $47,934,088 |
Washington Education Association Federal Way, WA | $59,466,784 | $48,703,845 |
The Seattle Academy Of Arts And Sciences Seattle, WA | $130,565,499 | $44,102,575 |
City University Of Seattle Seattle, WA | $61,927,042 | $38,289,518 |
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Seiu Healthcare Northwest Training Partnership Seattle, WA | $23,041,782 | $42,334,393 |