Alaska Bible College
- Assets
- $3.0m
- Revenue
- $661.2k
- Investments
- $0.0
- Employees
- 34
- Location
- Palmer, AK
- Founding
- 05/1997
- Data as of
- 05/2023
- EIN
- 94-3255546
Organization Overview
Alaska Bible College is located in Palmer, AK. The organization was established in 1997. As of 05/2023, Alaska Bible College employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska 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 05/2023, Alaska Bible College generated $661.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $904.1k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF ALASKA BIBLE COLLEGE IS TO EXALT THE LORD JESUS CHRIST AND EXTEND HIS CHURCH BY BIBLICALLY TRAINING BELIEVERS TO BE SERVANT-LEADERS WITH CHRIST-LIKE CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND INSTRUCT STUDENTS TO TRANSFORM THE WORLD THROUGH MINISTRIES THAT EVANGLIZE, DISCIPLE, AND MEET HUMAN NEEDS.THE MAJORITY OF FULL-TIME STUDENTS LIVE IN THE CAMPUS DOMITORIES. DORM STUDENTS USUALLY EAT TOGETHER IN THE FOOD CACHE (CAFETERIA), WHICH ALSO PROVIDES A COMFORTABLE ATMOSPHERE FOR SOCIAL AND LEISURE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ley President | Officer | 40 | $75,000 |
Al Strawn Chair | OfficerTrustee | 1 | $0 |
Chris Gates Vice Chair | OfficerTrustee | 1 | $0 |
Daniel Harris Secretary | OfficerTrustee | 1 | $0 |
Ron Schrock Board Member | Trustee | 1 | $0 |
Dr Vaughn Hammond Board Member | Trustee | 1 | $0 |
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 | $318,939 |
| Noncash contributions included in lines 1a–1f | $19,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,939 |
| Total Program Service Revenue | $411,798 |
| Investment income | -$83,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $240 |
| 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 | -$171 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $661,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,596 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $449,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,738 |
| Advertising and promotion | $27,169 |
| Office expenses | $7,611 |
| Information technology | $4,578 |
| Royalties | $0 |
| Occupancy | $45,062 |
| Travel | $3,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,580 |
| Interest | $17,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,239 |
| Insurance | $22,695 |
| All other expenses | $0 |
| Total functional expenses | $904,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,673 |
| Savings and temporary cash investments | $27 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,253 |
| Prepaid expenses and deferred charges | $4,808 |
| Net Land, buildings, and equipment | $1,229,966 |
| Investments—publicly traded securities | $1,748,490 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,033,459 |
| Accounts payable and accrued expenses | $9,506 |
| Grants payable | $0 |
| Deferred revenue | $4,605 |
| 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 | $240,412 |
| Other liabilities | $105,877 |
| Total liabilities | $360,400 |
| Net assets without donor restrictions | $2,485,552 |
| Net assets with donor restrictions | $187,507 |
| 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 | $3,033,459 |