Appalachian Bible College Inc
- Assets
- $12.1m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 273
- Location
- Mount Hope, WV
- Founding
- 03/1969
- Data as of
- 05/2022
- EIN
- 55-0370901
Organization Overview
Appalachian Bible College Inc is located in Mount Hope, WV. The organization was established in 1969. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Appalachian Bible College Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Bible College 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 05/2022, Appalachian Bible College Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.3m 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
EDUCATE STUDENTS THROUGH QUALITY ACADEMICS, CHRIST-LIKE CHARACTER, AND CHRISTIAN SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VISION OF APPALACHIAN BIBLE COLLEGE IS TO BE A QUALITY FUNDAMENTAL MINISTRY OF BIBLICAL HIGHER EDUCATION BY TRAINING STUDENTS THROUGH A TRUTH-DRIVEN CURRICULUM AND TRANSFORMATIVE CO-CURRICULUM THAT PREPARES CHRISTLIKE SERVANTS WHO ARE SKILLED IN INTERPRETING, OBEYING, AND PROCLAIMING GOD'S WORD FOR THE GLOBAL SPREAD OF THE GOSPEL OF THE LORD JESUS CHRIST AND THE STRENGTHENING OF HIS CHURCH. AS A REGIONALLY & NATIONALLY ACCREDITED, PRIVATE, NOT-FOR-PROFIT COLLEGE WITH APPROXIMATELY 50 FULL-TIME STAFF AND FACULTY SERVING ABOUT 250 STUDENTS, THE COLLEGE GRANTS MASTER OF ARTS, BACHELOR OF ARTS AND ASSOCIATE OF ARTS DEGREES WITH MAJORS FOCUSING ON BIBLE & THEOLOGY AND OTHER VOCATIONAL MINISTRIES.
WHILE THE COLLEGE PROVIDES A VARIETY OF AVENUES AND LOCATIONS FOR LEARNING, THE MAJORITY OF ITS STUDENTS TRAIN ON THE MAIN MOUNT HOPE CAMPUS AS RESIDENT STUDENTS. THE COLLEGE'S AUXILARY ENTERPRISES INCLUDES CAMPUS HOUSING FOR SINGLE STUDENTS IN ITS 3 MAIN RESIDENCE HALLS AS WELL AS 14 DUPLEXES FOR MARRIED STUDENTS. OTHER ENTERPRISES INCLUDE FULL DINING SERVICES FOR STUDENTS AND AN ON-CAMPUS COFFEE SHOP. THIS COLLEGE RESIDENTIAL EXPERIENCE PROVIDES OPPORTUNITIES FOR GREAT IMPACT IN THE COMMUNITY AS STUDENTS ATTEND AND SERVE IN A NUMBER OF LOCAL CHURCHES AND IN OTHER PLACES SUCH AS NURSING HOMES, HOSPICE CARE, AND PROGRAMS FOR YOUTH.
THE COLLEGE'S EXTENSION MINISTRIES SEEKS TO EDIFY THE CHURCH THROUGH CHRIST-CENTERED MINISTRIES, WHICH CHALLENGE PEOPLE THROUGH GOD'S WORD TO WHOLLY FOLLOW CHRIST. THESE MINISTRIES PROVIDE YEAR-ROUND OPPORTUNITIES FOR CHURCHES, YOUTH GROUPS, FAMILIES, AND INDIVIDUALS TO PARTICIPATE IN WHOLESOME, SPIRITUALLY ENGAGING ACTIVITIES THROUGH RESIDENTIAL CAMPS, RETREATS, AND ADVENTURE ACTIVITIES TO ALL AGE GROUPS, SERVING ABOUT 5,000 GUESTS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Daniel Anderson President | OfficerTrustee | 40 | $47,020 |
Michael Rowe Cfo/treasurer, VP For Business | Officer | 40 | $36,848 |
David Childs Vp, Secretary | Officer | 40 | $5,752 |
Steven D Brown Vice Chair/director | OfficerTrustee | 2 | $0 |
Perry E Mckinney Vice Chair/director (part Year) | OfficerTrustee | 2 | $0 |
Karen L Weatherholt Board Secretary/director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A & J Catering Services Food Service | 5/30/22 | $266,814 |
Christian Healthcare Ministries Health Cost Sharing | 5/30/22 | $153,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,050,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,081,044 |
| Noncash contributions included in lines 1a–1f | $8,918 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,131,251 |
| Total Program Service Revenue | $4,399,930 |
| Investment income | $67 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,397 |
| Net Gain/Loss on Asset Sales | $21,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $146,692 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,758,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,695,802 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $252,820 |
| Compensation of current officers, directors, key employees. | $252,820 |
| Compensation to disqualified persons | $76,018 |
| Other salaries and wages | $1,927,176 |
| Pension plan accruals and contributions | $44,663 |
| Other employee benefits | $275,386 |
| Payroll taxes | $177,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $686 |
| Advertising and promotion | $36,898 |
| Office expenses | $330,537 |
| Information technology | $41,603 |
| Royalties | $0 |
| Occupancy | $378,175 |
| Travel | $126,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,080 |
| Interest | $163,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $536,544 |
| Insurance | $129,561 |
| All other expenses | $194,050 |
| Total functional expenses | $7,309,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,690 |
| Savings and temporary cash investments | $177,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $215,386 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,514 |
| Prepaid expenses and deferred charges | $43,292 |
| Net Land, buildings, and equipment | $9,763,027 |
| Investments—publicly traded securities | $1,140,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400,068 |
| Total assets | $12,108,956 |
| Accounts payable and accrued expenses | $269,889 |
| Grants payable | $0 |
| Deferred revenue | $216,912 |
| Tax-exempt bond liabilities | $3,614,136 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $695,813 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,934 |
| Total liabilities | $4,842,684 |
| Net assets without donor restrictions | $4,592,495 |
| Net assets with donor restrictions | $2,673,777 |
| 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 | $12,108,956 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Appalachian Bible College Inc has recieved totaling $663,987.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $300,000 |
Word Of Life Foundation Inc Schroon Lake, NY PURPOSE: Ministry | $150,000 |
The Ryrie Foundation Dallas, TX PURPOSE: STUDENT SCHOLARSHIPS | $100,000 |
West Virginia Independent Colleges And Universities Inc Charleston, WV PURPOSE: SUPPORT OF OPERATIONS | $47,878 |
Carter Family Foundation Parkersburg, WV PURPOSE: SCHOLARSHIP | $25,000 |
Cornerstone Foundation Elverson, PA PURPOSE: CAMP SCHOLARSHIPS | $22,750 |
Endowment Analysis
| Beg. Balance | $1,991,836 |
| Earnings | -$18,680 |
| Net Contributions | $7,525 |
| Grants | $19,016 |
| Ending Balance | $1,961,665 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Capitol Technology University Laurel, MD | $27,498,251 | $16,836,672 |
Wilberforce University Wilberforce, OH | $28,180,485 | $40,652,171 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Art Academy Of Cincinnati Cincinnati, OH | $6,583,513 | $9,495,180 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
Pontifical College Josephinum Columbus, OH | $57,627,425 | $9,311,900 |
Fairfax University Of America Fairfax, VA | $12,151,860 | $8,266,608 |
Appalachian Bible College Inc Mount Hope, WV | $12,108,956 | $7,758,516 |