Kentucky Mountain Bible College Incorporated
- Assets
- $9.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 125
- Location
- Jackson, KY
- Founding
- 06/1987
- Data as of
- 06/2022
- EIN
- 61-1103422
Organization Overview
Kentucky Mountain Bible College Incorporated is located in Jackson, KY. The organization was established in 1987. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Kentucky Mountain Bible College Incorporated employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Mountain Bible College Incorporated 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 06/2022, Kentucky Mountain Bible College Incorporated generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND PREPARE STUDENTS FOR BIBLICAL GOSPEL MINISTRY AS EDUCATORS, PASTORS, AND FOREIGN MISSIONARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDERGRADUATE, ACCREDITED EDUCATIONAL INSTITUTION PREPARING STUDENTS FOR BIBLICAL GOSPEL MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Speas President | OfficerTrustee | 48 | $9,948 |
Stephen Lorimer VP Business | Officer | 40 | $3,504 |
Aaron Sherman 1st Vice Cha | OfficerTrustee | 1 | $0 |
Rob Pocai President | Officer | $0 | |
Charles Adams Board Member | Trustee | 1 | $0 |
Chris Cravens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,106 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,331,282 |
| Noncash contributions included in lines 1a–1f | $11,201 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,486,388 |
| Total Program Service Revenue | $954,130 |
| Investment income | $326,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $837 |
| 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 | $2,960,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $286,716 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,504 |
| Compensation of current officers, directors, key employees. | $1,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $526,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $74,081 |
| 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 | $13,134 |
| Fees for services: Other | $67,102 |
| Advertising and promotion | $83,889 |
| Office expenses | $74,845 |
| Information technology | $56,712 |
| Royalties | $0 |
| Occupancy | $254,316 |
| Travel | $77,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,941 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,292 |
| Insurance | $67,904 |
| All other expenses | $0 |
| Total functional expenses | $2,164,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,221 |
| Savings and temporary cash investments | $600,582 |
| Pledges and grants receivable | $155,106 |
| Accounts receivable, net | $7,595 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,808,550 |
| Investments—publicly traded securities | $5,492,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,330,725 |
| Accounts payable and accrued expenses | $84,994 |
| Grants payable | $0 |
| Deferred revenue | $22,499 |
| 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 | $0 |
| Other liabilities | $50,000 |
| Total liabilities | $157,493 |
| Net assets without donor restrictions | $5,974,057 |
| Net assets with donor restrictions | $3,199,175 |
| 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 | $9,330,725 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Mountain Bible College Incorporated has recieved totaling $33,117.
| Awarding Organization | Amount |
|---|---|
Kings Daughters And Sons Foundation Of Kentucky Inc Georgetown, KY PURPOSE: PURCHASE FIRE ALARMS FOR WOMEN'S DORMITORY AND ADMIN. BUILDING. | $33,011 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Learning Commission Chicago, IL | $30,215,357 | $14,566,348 |
Institute For The Psychological Sciences Sterling, VA | $8,909,677 | $11,624,455 |
Lincoln Christian University Lincoln, IL | $26,403,234 | $11,063,987 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Memphis College Of Art Memphis, TN | $723,329 | $5,588,063 |
Strategic Ohio Council For Higher E Ducation Beavercreek, OH | $6,812,573 | $4,928,002 |
Institute For American Universities Batavia, IL | $0 | $2,168,286 |
Kentucky Mountain Bible College Incorporated Jackson, KY | $9,330,725 | $2,960,534 |
Project Discovery Inc Roanoke, VA | $402,058 | $1,230,095 |
Illini Media Company Champaign, IL | $660,510 | $954,260 |
Association Of Independent Kentucy College And Universities Inc Frankfort, KY | $2,396,023 | $1,175,464 |
Missourian Publishing Assn Inc Columbia, MO | $128,213 | $1,005,599 |