Civic Intelligence

Southeastern Free Will Baptist Bible College Inc.

990 • Fiscal year 2018 • EIN 27-1928187

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileWWW.SFWBC.EDU
PO Box 1067Wendell, NC 27591

(919) 365-7711

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.21x

Higher debt load relative to assets than 59% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.21x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

32nd percentile

-0.5%

Higher net margin than 32% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

53rd percentile

4.2%

Faster asset growth than 53% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-20%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$1,702,224

Up $69,105 (+4.2%) from 2017

Net Assets

Down

$1,351,591

Down $7,726 (-0.6%) from 2017

Liabilities

Up

$350,633

Up $76,831 (+28%) from 2017

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin32nd percentile

Revenue

Down

$1,672,094

Down $416,531 (-20%) from 2017

Expenses

Down

$1,679,820

Down $386,899 (-19%) from 2017

Net Income

Down

-$7,726

Down $29,632 (-135%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $1,740,660Liabilities 2012: $495,794Net Assets 2012: $1,244,8662012Assets 2013: $1,618,343Liabilities 2013: $435,279Net Assets 2013: $1,183,0642013Assets 2014: $1,589,323Liabilities 2014: $395,660Net Assets 2014: $1,193,6632014Assets 2015: $1,661,996Liabilities 2015: $400,738Net Assets 2015: $1,261,2582015Assets 2016: $1,525,016Liabilities 2016: $187,605Net Assets 2016: $1,337,4112016Assets 2017: $1,633,119Liabilities 2017: $273,802Net Assets 2017: $1,359,3172017Assets 2018: $1,702,224Liabilities 2018: $350,633Net Assets 2018: $1,351,5912018Assets 2019: $1,710,968Liabilities 2019: $341,055Net Assets 2019: $1,369,9132019Assets 2020: $1,849,899Liabilities 2020: $360,340Net Assets 2020: $1,489,5592020Assets 2021: $1,923,734Liabilities 2021: $310,466Net Assets 2021: $1,613,2682021Assets 2022: $2,025,525Liabilities 2022: $231,090Net Assets 2022: $1,794,4352022Assets 2023: $2,062,531Liabilities 2023: $173,341Net Assets 2023: $1,889,1902023Assets 2024: $2,103,887Liabilities 2024: $160,986Net Assets 2024: $1,942,9012024Assets 2025: $1,966,640Liabilities 2025: $185,444Net Assets 2025: $1,781,1962025

Highlighted filing

2018

Assets$1,702,224
Liabilities$350,633
Net Assets$1,351,591
Open 2018 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $3,059,2302012Expenses 2013: $1,866,9372013Revenue 2014: $1,733,797Expenses 2014: $1,723,198Net Income 2014: $10,5992014Revenue 2015: $1,982,937Expenses 2015: $1,925,698Net Income 2015: $57,2392015Revenue 2016: $2,090,778Expenses 2016: $2,014,625Net Income 2016: $76,1532016Revenue 2017: $2,088,625Expenses 2017: $2,066,719Net Income 2017: $21,9062017Revenue 2018: $1,672,094Expenses 2018: $1,679,820Net Income 2018: -$7,7262018Revenue 2019: $1,903,905Expenses 2019: $1,885,583Net Income 2019: $18,3222019Revenue 2020: $1,942,345Expenses 2020: $1,822,699Net Income 2020: $119,6462020Revenue 2021: $2,021,302Expenses 2021: $1,897,593Net Income 2021: $123,7092021Revenue 2022: $2,357,118Expenses 2022: $2,175,951Net Income 2022: $181,1672022Revenue 2023: $2,362,560Expenses 2023: $2,267,805Net Income 2023: $94,7552023Revenue 2024: $2,423,011Expenses 2024: $2,369,300Net Income 2024: $53,7112024Revenue 2025: $2,242,866Expenses 2025: $2,404,571Net Income 2025: -$161,7052025

Highlighted filing

2018

Revenue$1,672,094
Expenses$1,679,820
Net Income-$7,726
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,672,094
Mission and Program Overview

Mission

Christian college education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,275,058$1,245,308▼ $29,750
Accounts Receivable$178,690$293,995▲ $115,305
Cash and Non-Interest-Bearing Accounts$144,941$120,642▼ $24,299
Prepaid Expenses and Deferred Charges$13,555$22,508▲ $8,953
Inventories for Sale or Use$20,875$19,771▼ $1,104
Total Assets$1,633,119$1,702,224▲ $69,105
Liabilities
Unsecured Notes Loans Payable$50,000$130,000▲ $80,000
Other Liabilities$96,304$93,695▼ $2,609
Deferred Revenue$26,990$65,314▲ $38,324
Accounts Payable and Accrued Expenses$100,508$61,624▼ $38,884
Total Liabilities$273,802$350,633▲ $76,831
Net Assets / Fund Balance
Unrestricted Net Assets$1,337,329$1,350,739▲ $13,410
Temporarily Rstr Net Assets$21,988$852▼ $21,136
Total Net Assets Fund Balance$1,359,317$1,351,591▼ $7,726
Total Liabilities and Net Assets / Fund Balance$1,633,119$1,702,224▲ $69,105

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$715,809$2,806,874$3,522,683
Land$529,499-$529,499
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Jeff JonesChairman
Nate AngePresident
Gene WilliamsVice Chairma
Christian PowellDirector
Curtis LintonDirector
Josh BaerDirector
Lee PatrickDirector
Mike CashDirector
Mike CoxDirector
Noah TaylorDirector
Scott CoghillDirector
Timothy RabonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$699,253
Program Service Revenue
$972,841
Investment Income
$0
Other Revenue
$0
All Other Contributions
$699,253
Change in Net Assets
$-7,726

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,672,094
Total Revenue per Audited Statements
$1,672,094
Total Revenue per Form 990
$1,672,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$842,645
Salaries, Compensation, and Employee Benefits$837,175
Total Fundraising Expense$8,760
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$741,452$82,384-$823,836
Occupancy$142,025--$142,025
Advertising$35,651$26,891$8,760$71,302
Office Expenses$48,066$15,062-$63,128
Insurance$54,390$1,009-$55,399
All Other Expenses$40,769$13,763-$54,532
Depreciation Depletion$42,280--$42,280
Travel$33,148$3,683-$36,831
Other Expenses$26,378--$26,378
Fees for Services Accounting$20,898--$20,898
Other Employee Benefits$12,005$1,334-$13,339
Fees for Services Other$5,716$635-$6,351
Interest$3,151$1,050-$4,201
Total Functional Expenses$1,525,249$145,811$8,760$1,679,820

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,679,820
Total Expenses per Audited Statements$1,679,820
Total Expenses per Form 990$1,679,820
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue - Lt Portion$93,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Current year reviewed by accountant and treasurer only. Policy review in progress to formilate a process for reviewing with all board members.”

Form 990, Page 6, Part VI, Line 15A

“Compensation process for top official reviewed for reasonableness and comparability before being approved by a majority of the unaffected, non- paid and independent board members.”

Form 990, Page 6, Part VI, Line 15B

“Compensation process for officers reviewed for reasonableness and comparability before being approved by a majority of the unaffected, non- paid and independent board members.”

Form 990, Page 6, Part VI, Line 19

“Available at the office of vicky morris, main administrative building, 532 eagle rock road, wendell, nc”

Filing and Contact Details

Filer

Filer Name
Southeastern Free Will Baptist
EIN
27-1928187
Address
PO BOX 1067, WENDELL, NC 27591

Signing Officer

Name
Nate Ange
Title
President
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nate Ange
Formed
2009
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
68

Preparer

Firm
Page & Smith Pa
Address
2713 W VERNON AVENUE, KINSTON, NC 27858
Preparer
Dana T Letchworth CPA
Phone
2525231088
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Members of faith church of goldsboro, nc volunteer to clean buildings and cut shrubbery once a year.”

Raw XML AppendixShowing 400 of 404 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1295848
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1295848
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IRS990/PYOtherExpensesAmt0973337
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IRS990/PYSalariesCompEmpBnftPaidAmt01093382
IRS990/PYTotalExpensesAmt02066719
IRS990/PYTotalRevenueAmt02088625
IRS990/ReconcilationRevenueExpnssAmt0-7726
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/LandGrp/BookValueAmt0529499
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0529499
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0715809
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02806874
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03522683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt093695
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE - LT PORTION
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01245308
IRS990ScheduleD/TotalExpensesPerForm990Amt01679820
IRS990ScheduleD/TotalLiabilityAmt093695
IRS990ScheduleD/TotalRevenuePerForm990Amt01672094
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01679820
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE COLLEGE ADVERTISES ITS RACIALLY NONDISCRIMINATORY POLICIES THROUGH ITS WEBSITE AND OTHER CIRCULARS ADDRESSING ADMISSION STANDARDS AND REQUIREMENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF FAITH CHURCH OF GOLDSBORO, NC VOLUNTEER TO CLEAN BUILDINGS AND CUT SHRUBBERY ONCE A YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CURRENT YEAR REVIEWED BY ACCOUNTANT AND TREASURER ONLY. POLICY REVIEW IN PROGRESS TO FORMILATE A PROCESS FOR REVIEWING WITH ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION PROCESS FOR TOP OFFICIAL REVIEWED FOR REASONABLENESS AND COMPARABILITY BEFORE BEING APPROVED BY A MAJORITY OF THE UNAFFECTED, NON- PAID AND INDEPENDENT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR OFFICERS REVIEWED FOR REASONABLENESS AND COMPARABILITY BEFORE BEING APPROVED BY A MAJORITY OF THE UNAFFECTED, NON- PAID AND INDEPENDENT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE AT THE OFFICE OF VICKY MORRIS, MAIN ADMINISTRATIVE BUILDING, 532 EAGLE ROCK ROAD, WENDELL, NC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0852
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01702224
IRS990/TotalAssetsGrp/BOYAmt01633119
IRS990/TotalAssetsGrp/EOYAmt01702224
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IRS990/TotalContributionsAmt0699253
IRS990/TotalEmployeeCnt068
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08760
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0145811
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01525249
IRS990/TotalFunctionalExpensesGrp/TotalAmt01679820
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0350633
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IRS990/TravelGrp/ProgramServicesAmt033148
IRS990/TravelGrp/TotalAmt036831
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt050000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0130000
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IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.SFWBC.EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,702,224
Liabilities
$350,633
Net assets
$1,351,591
Revenue
$1,672,094
Expenses
$1,679,820
Net income
-$7,726
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.97$0.19$1.78$2.24$2.40$0.16
2024Detailed filing. Detailed filing data is available for this year.$2.10$0.16$1.94$2.42$2.37$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.06$0.17$1.89$2.36$2.27$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.03$0.23$1.79$2.36$2.18$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.31$1.61$2.02$1.90$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.85$0.36$1.49$1.94$1.82$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.71$0.34$1.37$1.90$1.89$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.70$0.35$1.35$1.67$1.68$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.63$0.27$1.36$2.09$2.07$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.19$1.34$2.09$2.01$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.66$0.40$1.26$1.98$1.93$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.59$0.40$1.19$1.73$1.72$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.44$1.18$1.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.50$1.24$3.06