Graham Bible College Inc
- Assets
- $600.8k
- Revenue
- $52.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Bristol, VA
- Founding
- 09/1981
- Data as of
- 06/2022
- EIN
- 62-0693975
Organization Overview
Graham Bible College Inc is located in Bristol, VA. The organization was established in 1981. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Graham Bible College Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graham 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 06/2022, Graham Bible College Inc generated $52.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $67.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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 PROVIDE POST-SECONDARY EDUCATION AND AWARD CORRESPONDING DEGREES AND CERTIFICATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A POST-SECONDARY EDUCATION TO STUDENTS AND AWARDED CORRESPONDING DEGREES AND CERTIFICATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Ball Board Member | Trustee | 1.5 | $0 |
Dayton Owens Board Membervice Chairman | Trustee | 1.55 | $0 |
John Dawson Board Member | Trustee | 1.5 | $0 |
Robert Cornett Board Member | Trustee | 1.5 | $0 |
Thomas B Sullivan Board Membersecretary | Trustee | 3.5 | $0 |
Lacy A Andrews Jr Board Member | Trustee | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,505 |
| Total Program Service Revenue | $828 |
| Investment income | $951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7 |
| 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 | $52,291 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,268 |
| Fees for services: Management | $4,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $557 |
| Total functional expenses | $67,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,721 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,985 |
| 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 | $25,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $416,526 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $600,807 |
| Accounts payable and accrued expenses | $257 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $257 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $600,550 |
| Total liabilities and net assets/fund balances | $600,807 |
Endowment Analysis
| Beg. Balance | $13,503 |
| Ending Balance | $13,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
American Baptist Theological Seminary Nashville, TN | $11,177,466 | $7,876,217 |
Council For Christian Colleges And Universities Washington, DC | $16,773,733 | $7,764,046 |
Mid-Atlantic Christian University Inc Elizabeth City, NC | $5,620,599 | $7,848,028 |
Clear Creek Baptist Bible College Pineville, KY | $27,479,829 | $3,283,639 |
Virginia Foundation For Independent Colleges Richmond, VA | $30,664,480 | $1,505,101 |
Ambassador Baptist College Lattimore, NC | $3,349,169 | $2,584,365 |
Glenville State University Foundation Glenville, WV | $22,168,448 | $4,974,166 |
Central Kentucky Community Foundation Inc Elizabethtown, KY | $36,852,157 | $4,762,142 |
John Wesley University Inc High Point, NC | $2,854,467 | $1,701,441 |
Intercollegiate Center For Classical Studies Brentwood, TN | $14,265,747 | $1,045,774 |