African Bible Colleges Inc
- Assets
- $2.9m
- Revenue
- $3.8m
- Investments
- $2.4m
- Employees
- 19
- Location
- Clinton, MS
- Founding
- 03/1977
- Data as of
- 06/2023
- EIN
- 64-0592533
Organization Overview
African Bible Colleges Inc is located in Clinton, MS. The organization was established in 1977. As of 06/2023, African Bible Colleges Inc employed 19 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 06/2023, African Bible Colleges Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. 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
2023
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 |
|---|---|---|---|
Nell Chinchen Co-Founder | Trustee | 40 | $44,743 |
Rob Futral Interim Executive Director | OfficerTrustee | 40 | $0 |
Thomas Kay Jr Chairman | OfficerTrustee | 5 | $0 |
Mark D Linsz Director | Trustee | 2 | $0 |
James L Moore Director | Trustee | 2 | $0 |
Corey Conkright Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kurt Schimke Missionary | 6/29/22 | $158,931 |
Paul D Chinchen-deceased July 2022 Missionary/professor | 6/29/22 | $209,600 |
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 | $3,748,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,748,406 |
| Total Program Service Revenue | $0 |
| Investment income | $64,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,887 |
| Net Gain/Loss on Asset Sales | -$47,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,827,518 |
| 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 | $1,015,536 |
| 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 | $53,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,031 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $282,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,637 |
| Travel | $96,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,588 |
| Insurance | $10,395 |
| All other expenses | $9,899 |
| Total functional expenses | $3,619,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,560 |
| 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 | $19,713 |
| Net Land, buildings, and equipment | $324,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,432,220 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,731 |
| Total assets | $2,935,841 |
| Accounts payable and accrued expenses | $46,746 |
| 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 | $223,132 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $269,878 |
| Net assets without donor restrictions | $964,136 |
| Net assets with donor restrictions | $1,701,827 |
| 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 | $2,935,841 |
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 | $58,198,278 | $7,163,601 |
Phillips Theological Seminary Corporation Tulsa, OK | $140,655,779 | $11,053,065 |
Eden Theological Seminary St Louis, MO | $27,218,689 | $4,465,389 |
African Bible Colleges Inc Clinton, MS | $2,935,841 | $3,827,518 |
University Of Fort Lauderdale Inc Fort Lauderdale, FL | $761,850 | $3,324,876 |
Torah Ore Seminary Boca Raton, FL | $1,536,496 | $3,590,865 |
Wesley Biblical Seminary Ridgeland, MS | $7,663,952 | $3,409,560 |