Huntsville Baptist Institute Inc
- Assets
- $1.4m
- Revenue
- $704.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Huntsville, AL
- Founding
- 05/1999
- Data as of
- 07/2024
- EIN
- 63-1191637
Organization Overview
Huntsville Baptist Institute Inc is located in Huntsville, AL. The organization was established in 1999. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 07/2024, Huntsville Baptist Institute Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntsville Baptist Institute 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 07/2024, Huntsville Baptist Institute Inc generated $704.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $780.5k during the year ending 07/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE INDIVIDUALS TO BECOME PASTORS, EVANGELISTS, MISSIONARY WORKERS, CHRISTIAN EDUCATION TEACHERS AND AND TO ASSIST THE LOCAL CHURCH IN CARRYING OUT ITS MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARE INDIVIDUALS TO BECOME PASTORS, EVANGELISTS, MISSIONARY WORKERS, CHRISTIAN EDUCATION TEACHERS AND YOUTH WORKERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle Lee President | Officer | 40 | $28,125 |
John Clay President | Officer | 40 | $39,675 |
Bobby Mcdonald Chairman | OfficerTrustee | 1 | $0 |
Rita Eady Member | Trustee | 1 | $0 |
Dr Harry Hobbs Member | Trustee | 1 | $0 |
Michael Timberlake Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $264,795 |
| Related organizations | $0 |
| Government grants | $229,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $610,046 |
| Total Program Service Revenue | $87,404 |
| Investment income | $6,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $704,232 |
| 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. | $67,800 |
| Compensation of current officers, directors, key employees. | $8,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,264 |
| Pension plan accruals and contributions | $9,060 |
| Other employee benefits | $3,256 |
| Payroll taxes | $18,462 |
| Fees for services: Management | $11,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $223,401 |
| Advertising and promotion | $15,655 |
| Office expenses | $0 |
| Information technology | $16,499 |
| Royalties | $0 |
| Occupancy | $11,860 |
| Travel | $1,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,825 |
| Insurance | $7,972 |
| All other expenses | $73,668 |
| Total functional expenses | $780,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,384 |
| Savings and temporary cash investments | $95,716 |
| Pledges and grants receivable | $68,523 |
| Accounts receivable, net | $30,567 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,654 |
| Prepaid expenses and deferred charges | $2,095 |
| Net Land, buildings, and equipment | $1,140,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,369,731 |
| Accounts payable and accrued expenses | $9,952 |
| 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 | $427,434 |
| Unsecured mortgages and notes payable | $56,132 |
| Other liabilities | $0 |
| Total liabilities | $493,518 |
| Net assets without donor restrictions | $876,213 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,369,731 |