Heritage Bible College
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Savannah, GA
- Founding
- 07/2015
- Data as of
- 05/2022
- EIN
- 47-2287941
Organization Overview
Heritage Bible College is located in Savannah, GA. The organization was established in 2015. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2022, Heritage Bible College employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage 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, Heritage Bible College generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $1.3m 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
EQUIP STUDENTS WITH COMPETENCE, ACADEMIC DISTINCTION, AND AN INFORMED BIBLICAL WORLDVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EQUIP STUDENTS WITH PROFESSIONAL COMPETENCE, ACADEMIC DISTINCTION, AND AN INFORMED BIBLICAL WORLDVIEW SO THAT THEY WILL BE SET APART AS PEOPLE WHOSE EXPERIENCE IS PENTECOSTAL, WHOSE STANDARD IS HOLINESS, AND WHOSE GOAL IS EXCELLENCE IN ALL THINGS FOR THE GLORY OF GOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ryan Ralston President | OfficerTrustee | 40 | $2,000 |
Gerald Cramer Secretary | OfficerTrustee | 1 | $0 |
Israel Sanders Board Chair | OfficerTrustee | 1 | $0 |
John Padgett Vice Chair | OfficerTrustee | 1 | $0 |
Robert Hicks Board Member | Trustee | 1 | $0 |
Steven Morris Board Member | Trustee | 1 | $0 |
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 | $253,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,855 |
| Total Program Service Revenue | $1,229,430 |
| Investment income | $855 |
| 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 | $1,484,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,991 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,000 |
| Compensation of current officers, directors, key employees. | $203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,326 |
| 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 | $7,153 |
| Office expenses | $25,029 |
| Information technology | $928 |
| Royalties | $0 |
| Occupancy | $24,758 |
| Travel | $11,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,267 |
| Interest | $29,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,767 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,306,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,849 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,800 |
| Accounts receivable, net | $12,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,192 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $960,956 |
| Investments—publicly traded securities | $32,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,682 |
| Accounts payable and accrued expenses | $23,322 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $656,994 |
| Other liabilities | $1,561 |
| Total liabilities | $681,877 |
| Net assets without donor restrictions | $764,708 |
| Net assets with donor restrictions | $24,097 |
| 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 | $1,470,682 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Bible College has recieved totaling $99.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ave Maria School Of Law Naples, FL | $21,394,119 | $23,155,503 |
Baptist Memorial College Of Health Sciences Inc Memphis, TN | $55,747,053 | $20,446,298 |
Sherman College Of Straight Chiropractic Inc Spartanburg, SC | $45,133,899 | $16,948,617 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Florida International University Academic Health Center Health Care Miami, FL | $12,695,860 | $11,691,634 |
Middle Tennessee School Of Anesthesia Inc Madison, TN | $22,533,334 | $7,937,391 |
Johnson University Knoxville, TN | $1,750,926 | $5,010,332 |
Mid-America Baptist Theological Seminary Cordova, TN | $25,540,580 | $5,422,482 |
Laura Berry Campbell Trust For Columbia Theological Seminary Orlando, FL | $73,741,307 | $8,120,266 |
Talmudic College Of Florida Inc Miami Beach, FL | $19,278,547 | $4,925,622 |
Luther Rice University Inc Lithonia, GA | $7,749,300 | $4,580,851 |
L D Pankey Dental Foundation Inc Key Biscayne, FL | $8,662,484 | $3,687,716 |