African Bible Colleges Inc
- Assets
- $2.8m
- Revenue
- $3.6m
- Investments
- $2.3m
- Employees
- 17
- Location
- Clinton, MS
- Founding
- 03/1977
- Data as of
- 06/2022
- EIN
- 64-0592533
Organization Overview
African Bible Colleges Inc is located in Clinton, MS. The organization was established in 1977. As of 06/2022, African Bible Colleges Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Bible Colleges 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, African Bible Colleges Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS
Describe the Organization's Program Activity:
EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS IN YEPEKA, LIBERIA, LILONGWE, MALAWI, UGANDA, AND AFRICA SO THAT THEY MAY IN TURN TEACH AND TRAIN OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chinchen President | OfficerTrustee | 40 | $209,600 |
Thomas Kay Sr Chairman | OfficerTrustee | 2 | $0 |
Nell Chinchen Co-Founder | OfficerTrustee | 2 | $44,714 |
Rev Dr Shelton Sanford Director | Trustee | 2 | $0 |
Mark D Linsz Director | Trustee | 2 | $0 |
James L Moore Chairman Emeritus | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul D Chinchen-deceased July 2022 Missionary/professor | 6/29/22 | $209,600 |
Kurt Schimke Missionary | 6/29/22 | $158,931 |
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 | $3,402,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,402,335 |
| Total Program Service Revenue | $0 |
| Investment income | $68,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,849 |
| Net Gain/Loss on Asset Sales | $99,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,615,247 |
| 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 | $480,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,054 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $291,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,077 |
| Travel | $197,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,588 |
| Insurance | $4,430 |
| All other expenses | $13,983 |
| Total functional expenses | $3,475,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,195 |
| Net Land, buildings, and equipment | $335,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,341,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,394 |
| Total assets | $2,795,358 |
| Accounts payable and accrued expenses | $60,189 |
| 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 | $236,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,000 |
| Total liabilities | $496,847 |
| Net assets without donor restrictions | $242,347 |
| Net assets with donor restrictions | $2,056,164 |
| 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 | $2,795,358 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that African Bible Colleges Inc has recieved totaling $171,943.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $81,050 |
Ergon Foundation Inc Jackson, MS PURPOSE: GENERAL SUPPORT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $16,450 |
Power Ministry Riverside, CA PURPOSE: SCHOLARSHIPS/SUPPORT | $11,100 |
Vf Foundation Hermitage, TN PURPOSE: TO PROMOTE SCIENTIFIC, EDUCATIONAL, AND OTHER CHARITABLE ACTIVITIES. | $10,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $7,928 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Christian University Inc Grayson, KY | $38,563,521 | $22,232,558 |
Oblate School Of Theology San Antonio, TX | $56,887,314 | $9,892,922 |
Phillips Theological Seminary Corporation Tulsa, OK | $139,965,847 | $9,611,504 |
Eden Theological Seminary Webster Groves, MO | $30,107,980 | $3,814,121 |
African Bible Colleges Inc Clinton, MS | $2,795,358 | $3,615,247 |
Wesley Biblical Seminary Ridgeland, MS | $4,673,003 | $3,371,777 |