Montana Bible College
- Assets
- $3.7m
- Revenue
- $1.1m
- Investments
- $455.7k
- Employees
- 41
- Location
- Bozeman, MT
- Founding
- 09/1987
- Data as of
- 06/2021
- EIN
- 81-0444020
Organization Overview
Montana Bible College is located in Bozeman, MT. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Montana Bible College employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Bible College 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 06/2021, Montana Bible College generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MONTANA BIBLE COLLEGE EXISTS TO GLORIFY GOD THROUGH BIBLICAL HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MBC OFFERS FIVE COURSES OF STUDY EACH OF WHICH RESULTS IN A BACHELOR OF ARTS IN BIBLICAL STUDIES. THE 2020-21 SCHOOL YEAR SAW AN AVERAGE OF 59 FULL-TIME EQUIVALENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Ward President | OfficerTrustee | 40 | $30,832 |
Leota Fred CFO | Officer | 40 | $51,280 |
Mark Danielson Director | Trustee | 1 | $0 |
Ken Fenno Secretary/tr | OfficerTrustee | 1 | $0 |
Jim Fordyce Vice Chair | OfficerTrustee | 1 | $0 |
William Grinder Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $460,007 |
| Investment income | $40,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,140,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $49,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $524,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $62,516 |
| Office expenses | $28,778 |
| Information technology | $22,044 |
| Royalties | $0 |
| Occupancy | $10,577 |
| Travel | $16,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,755 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,502 |
| All other expenses | $0 |
| Total functional expenses | $1,160,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,037 |
| Savings and temporary cash investments | $435,584 |
| Pledges and grants receivable | $10,165 |
| Accounts receivable, net | $13,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,578 |
| Prepaid expenses and deferred charges | $23,255 |
| Investments—publicly traded securities | $22,718 |
| Investments—other securities | $455,652 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,730,595 |
| Accounts payable and accrued expenses | $26,133 |
| Grants payable | $0 |
| Deferred revenue | $20,487 |
| 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 | $46,620 |
| 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 |
| Total liabilities and net assets/fund balances | $3,683,975 |