Heritage Baptist College is located in Franklin, IN. The organization was established in 2008. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Baptist 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 04/2024, Heritage Baptist College generated $139.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $153.7k during the year ending 04/2024. While expenses have increased by 11.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
EDUCATION - THIS SCHOOL IS ENGAGED IN COLLEGE LEVEL EDUCATION WITH THE PREDOMINANT EMPHASIS ON RELIGION AND RELATED FIELDS OF SERVICE.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Russell Dennis Jr President | 50 | $28,500 | |
Rev David Ball Secretary / Treasurer | 1 | $860 | |
Rev Daniel Dennis Trustee | 0 | $0 | |
Rev James Lyle Trustee | 0 | $0 | |
Rev Bill Blakely Trustee | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,185 |
| Total Program Service Revenue | $13,701 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $139,886 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,526 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $116,762 |
| Printing, publications, postage, and shipping | $1,378 |
| Other expenses | $0 |
| Total expenses | $153,666 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,476 |
| Other assets | $0 |
| Total assets | $449,756 |
| Total liabilities | $0 |
| Net assets or fund balances | $449,756 |