Civic Intelligence

Veritas Baptist College Inc.

990 • Fiscal year 2015 • EIN 27-2918042

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 09, 2015

Organization Profilewww.vbc.edu
4105 Plank RdFredericksburg, VA 22407

(540) 785-5440

Siviq Scores

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

Liabilities / Assets

75th percentile

0.08x

Higher debt load relative to assets than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

56th percentile

5.7%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

86th percentile

$29,231

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

20%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$159,426

Up $17,477 (+12%) from 2014

Net Assets

Up

$147,421

Up $28,510 (+24%) from 2014

Liabilities

Down

$12,005

Down $11,033 (-48%) from 2014

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin56th percentile

Revenue

Up

$497,839

Up $83,886 (+20%) from 2014

Expenses

Up

$469,329

Up $67,095 (+17%) from 2014

Net Income

Up

$28,510

Up $16,791 (+143%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$800K$600K$400K$200K$0Assets 2013: $133,170Liabilities 2013: $25,978Net Assets 2013: $107,1922013Assets 2014: $141,949Liabilities 2014: $23,038Net Assets 2014: $118,9112014Assets 2015: $159,426Liabilities 2015: $12,005Net Assets 2015: $147,4212015Assets 2016: $164,973Liabilities 2016: $9,042Net Assets 2016: $155,9312016Assets 2017: $222,179Liabilities 2017: $55,013Net Assets 2017: $167,1662017Assets 2018: $394,126Liabilities 2018: $65,351Net Assets 2018: $328,7752018Assets 2020: $719,479Liabilities 2020: $203,433Net Assets 2020: $516,0462020Assets 2021: $729,481Liabilities 2021: $88,974Net Assets 2021: $640,5072021Assets 2022: $617,304Liabilities 2022: $89,319Net Assets 2022: $527,9852022Assets 2023: $552,820Liabilities 2023: $132,880Net Assets 2023: $419,9402023Assets 2024: $660,060Liabilities 2024: $175,530Net Assets 2024: $484,5302024Assets 2025: $768,797Liabilities 2025: $226,172Net Assets 2025: $542,6252025

Highlighted filing

2015

Assets$159,426
Liabilities$12,005
Net Assets$147,421
Open 2015 Filing

Operations Trend

Revenue Growth73rd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2013: $324,8672013Revenue 2014: $413,953Expenses 2014: $402,234Net Income 2014: $11,7192014Revenue 2015: $497,839Expenses 2015: $469,329Net Income 2015: $28,5102015Revenue 2016: $576,545Expenses 2016: $568,035Net Income 2016: $8,5102016Revenue 2017: $578,344Expenses 2017: $567,109Net Income 2017: $11,2352017Revenue 2018: $991,397Expenses 2018: $829,788Net Income 2018: $161,6092018Revenue 2020: $1,092,340Expenses 2020: $980,262Net Income 2020: $112,0782020Revenue 2021: $1,133,275Expenses 2021: $1,008,814Net Income 2021: $124,4612021Revenue 2022: $1,024,760Expenses 2022: $1,137,282Net Income 2022: -$112,5222022Revenue 2023: $1,109,374Expenses 2023: $1,217,419Net Income 2023: -$108,0452023Revenue 2024: $1,382,284Expenses 2024: $1,317,694Net Income 2024: $64,5902024Revenue 2025: $1,773,652Expenses 2025: $1,715,557Net Income 2025: $58,0952025

Highlighted filing

2015

Revenue$497,839
Expenses$469,329
Net Income$28,510
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$497,839
Mission and Program Overview

Mission

A higher institution of learning offering various degree programs to prepare Christians to fulfill the Great Commision by training and equipping Christians to do the work of the ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,659$87,799▲ $68,140
Land, Buildings, and Equipment, Net$58,484$49,816▼ $8,668
Prepaid Expenses and Deferred Charges$13,083--
Accounts Receivable$39,912$11,860▼ $28,052
Inventories for Sale or Use$10,811$9,951▼ $860
Total Assets$141,949$159,426▲ $17,477
Liabilities
Deferred Revenue$4,725$6,566▲ $1,841
Other Liabilities$15,591$5,282▼ $10,309
Accounts Payable and Accrued Expenses$2,722$157▼ $2,565
Total Liabilities$23,038$12,005▼ $11,033
Net Assets / Fund Balance
Unrestricted Net Assets$118,911$147,421▲ $28,510
Total Net Assets Fund Balance$118,911$147,421▲ $28,510
Total Liabilities and Net Assets / Fund Balance$141,949$159,426▲ $17,477

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$21,895-
Equipment$32,642$79,667-
Leasehold Improvements$17,174$3,210-
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel StevensPresidentFT$29,231$29,231

Board Members and Trustees

NameTitle
Watson MorganChairman
Dennis ListerSECRETARY Vice Chairman
George WoodBoard Member
Jamison CoppolaBoard Member
Jesse ForresterBoard Member
Ken BaldwinBoard Member
Mike ReidBoard Member
Reed BolickBoard Member
Rodney KelleyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$98,220
Program Service Revenue
$399,619
Investment Income
$0
Other Revenue
$0
All Other Contributions
$98,220
Change in Net Assets
$28,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$497,839
Revenue Not Reported on Form 990
$120,000
Total Revenue per Audited Statements
$617,839
Total Revenue per Form 990
$497,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$279,202
Other Expenses$190,127
Total Fundraising Expense$2,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$251,282$27,920-$279,202
All Other Expenses$93,587$9,042-$102,629
Fees for Services Legal$18,687--$18,687
Depreciation Depletion-$16,251-$16,251
Other Expenses$14,418$1,464$2,916$14,418
Insurance$3,790$948-$4,738
Office Expenses-$4,426-$4,426
Total Functional Expenses$406,362$60,051$2,916$469,329

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$589,329
Expenses per Audited Statements$469,329
Total Expenses per Form 990$469,329
Expenses Not Reported on Form 990$120,000
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
Credit Cards Payable$4,596
Other payables$686
Governance and Compliance

Governance Checklist

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

Governance Explanations

Organizational document changes Part VI line 4

“1) The Board of Directors will be the college's sole authority.2) The Board of Directors will be solely responsible for hiring the college president.3) The host church policy has been added to establish the relationship between the college and Faith Baptist Church.”

Form 990 governing body review Part VI line 11

“The governing body reviews the form 990 before it is filed.”

Officer director etc mailing address Part VI line 9

“Daniel Stevens 10715 Holleybrooke Drive, Spotsylvania, VA 22553MIKE REID 300 WHITE OAK ROAD, FREDERICKSBURG, VA 22405DENNIS LESTER 1108 RAPPAHANNOCK AVE, FREDERICKSBURG, VA 22401 WATSON MORGAN 1542 HEATHERSTONE DRIVE, FREDERICKSBURG, VA 22407RODNEY KELLEY 2917 TURNING LEAF LANE, JACKSONVILLE, FL 32221GEORGE WOOD 9207 MAPLE VALLEY DRIVE, FREDERICKSBURG, VA 22407KEN BALDWIN 6312 LINCOLNIA ROAD, ALEXANDRIA, VA 22312Jamison Coppola 8391 Jovin Circle, Springfield, VA 22153Jesse Forrester 4512 Cornwall Court, Fredericksburg, VA 22408Reed Bolick 13027 Dahlia Lane, Fredericksburg, VA 22407”

Conflict of interest policy compliance Part VI line 12C

“All staff are required to disclose to the college of any transaction in which they are a related party.”

CEO executive director top management comp Part VI line 15A

“All compensation is budgeted, reviewed, and approved by the board of directors at the annual board meeting each year.”

Other officer or key employee compensation Part VI line 15B

“All compensation is budgeted, reviewed, and approved by the board of directors at the annual board meeting each year.”

Governing documents etc available to public Part VI line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Virginia Baptist College
EIN
27-2918042
Address
4105 Plank Rd, Fredericksburg, VA 22407

Signing Officer

Name
Daniel Stevens
Title
President
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Stevens
Formed
2010
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
9
Employees
34

Preparer

Firm
Johnson CPA & Associates PC
Address
1922B Graves Mill Rd, Lynchburg, VA 24502
Preparer
Bryan Johnson
Phone
4343165214
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“See overflow statement”

Raw XML AppendixShowing 400 of 462 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02722
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0157
IRS990/AccountsReceivableGrp/BOYAmt039912
IRS990/AccountsReceivableGrp/EOYAmt011860
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0A higher institution of learning offering various degree programs to prepare Christians to fulfill the Great Commision by training and equipping Christians to do the work of the ministry.
IRS990/AllOtherContributionsAmt098220
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09042
IRS990/AllOtherExpensesGrp/ProgramServicesAmt093587
IRS990/AllOtherExpensesGrp/TotalAmt0102629
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Sherry Davis
IRS990/BooksInCareOfDetail/PhoneNum05407855440
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04105 Plank Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Fredericksburg
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022407
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt019659
IRS990/CashNonInterestBearingGrp/EOYAmt087799
IRS990/ChangeToOrgDocumentsInd0true
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt098220
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0190127
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0399619
IRS990/CYRevenuesLessExpensesAmt028510
IRS990/CYSalariesCompEmpBnftPaidAmt0279202
IRS990/CYTotalExpensesAmt0469329
IRS990/CYTotalFundraisingExpenseAmt02916
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0497839
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt04725
IRS990/DeferredRevenueGrp/EOYAmt06566
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt016251
IRS990/DepreciationDepletionGrp/TotalAmt016251
IRS990/Desc0A higher institution of learning offering various degree programs to prepare Christians to fulfill the Great Commision by training and equipping Christians to do the work of the ministry.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt034
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0406362
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt018687
IRS990/FeesForServicesLegalGrp/TotalAmt018687
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt080.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Daniel Stevens
IRS990/Form990PartVIISectionAGrp/PersonNm1DENNIS LISTER
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE REID
IRS990/Form990PartVIISectionAGrp/PersonNm3George Wood
IRS990/Form990PartVIISectionAGrp/PersonNm4Watson Morgan
IRS990/Form990PartVIISectionAGrp/PersonNm5Rodney Kelley
IRS990/Form990PartVIISectionAGrp/PersonNm6Ken Baldwin
IRS990/Form990PartVIISectionAGrp/PersonNm7Jamison Coppola
IRS990/Form990PartVIISectionAGrp/PersonNm8Jesse Forrester
IRS990/Form990PartVIISectionAGrp/PersonNm9Reed Bolick
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt029231
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0497839
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0948
IRS990/InsuranceGrp/ProgramServicesAmt03790
IRS990/InsuranceGrp/TotalAmt04738
IRS990/InventoriesForSaleOrUseGrp/BOYAmt010811
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09951
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0104772
IRS990/LandBldgEquipBasisNetGrp/BOYAmt058484
IRS990/LandBldgEquipBasisNetGrp/EOYAmt049816
IRS990/LandBldgEquipCostOrOtherBssAmt0154588
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0A higher institution of learning offering various degree programs to prepare Christians to fulfill the Great Commision by training and equipping Christians to do the work of the ministry.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0118911
IRS990/NetAssetsOrFundBalancesEOYAmt0147421
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04426
IRS990/OfficeExpensesGrp/TotalAmt04426
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Bank and Merchant Fees
IRS990/OtherExpensesGrp/Desc1Promotional Expense
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Accreditation Expense
IRS990/OtherExpensesGrp/FundraisingAmt02916
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01464
IRS990/OtherExpensesGrp/ProgramServicesAmt04210
IRS990/OtherExpensesGrp/ProgramServicesAmt114531
IRS990/OtherExpensesGrp/ProgramServicesAmt25857
IRS990/OtherExpensesGrp/ProgramServicesAmt314418
IRS990/OtherExpensesGrp/TotalAmt04210
IRS990/OtherExpensesGrp/TotalAmt117447
IRS990/OtherExpensesGrp/TotalAmt27321
IRS990/OtherExpensesGrp/TotalAmt314418
IRS990/OtherLiabilitiesGrp/BOYAmt015591
IRS990/OtherLiabilitiesGrp/EOYAmt05282
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027920
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0251282
IRS990/OtherSalariesAndWagesGrp/TotalAmt0279202
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013083
IRS990/PrincipalOfficerNm0Daniel Stevens
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1ApplicationsRegistrati
IRS990/ProgramServiceRevenueGrp/Desc2Fees
IRS990/ProgramServiceRevenueGrp/Desc3Bookstore
IRS990/ProgramServiceRevenueGrp/Desc4Miscellaneous
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0320444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213616
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313969
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt427392
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0320444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213616
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt427392
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0135464
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0154581
IRS990/PYProgramServiceRevenueAmt0278489
IRS990/PYRevenuesLessExpensesAmt011719
IRS990/PYSalariesCompEmpBnftPaidAmt0247653
IRS990/PYTotalExpensesAmt0402234
IRS990/PYTotalRevenueAmt0413953
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt028510
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0399619
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0120000
IRS990ScheduleD/DonatedServicesUseFcltsAmt0120000
IRS990ScheduleD/EquipmentGrp/BookValueAmt032642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079667
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0112309
IRS990ScheduleD/ExpensesNotReportedAmt0120000
IRS990ScheduleD/ExpensesSubtotalAmt0469329
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017174
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03210
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt020384
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021895
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04596
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1686
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other payables
IRS990ScheduleD/RevenueNotReportedAmt0120000
IRS990ScheduleD/RevenueSubtotalAmt0497839
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049816
IRS990ScheduleD/TotalExpensesPerForm990Amt0469329
IRS990ScheduleD/TotalLiabilityAmt05282
IRS990ScheduleD/TotalRevenuePerForm990Amt0497839
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0617839
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0589329
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01) The Board of Directors will be the college's sole authority.2) The Board of Directors will be solely responsible for hiring the college president.3) The host church policy has been added to establish the relationship between the college and Faith Baptist Church.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Daniel Stevens 10715 Holleybrooke Drive, Spotsylvania, VA 22553MIKE REID 300 WHITE OAK ROAD, FREDERICKSBURG, VA 22405DENNIS LESTER 1108 RAPPAHANNOCK AVE, FREDERICKSBURG, VA 22401 WATSON MORGAN 1542 HEATHERSTONE DRIVE, FREDERICKSBURG, VA 22407RODNEY KELLEY 2917 TURNING LEAF LANE, JACKSONVILLE, FL 32221GEORGE WOOD 9207 MAPLE VALLEY DRIVE, FREDERICKSBURG, VA 22407KEN BALDWIN 6312 LINCOLNIA ROAD, ALEXANDRIA, VA 22312Jamison Coppola 8391 Jovin Circle, Springfield, VA 22153Jesse Forrester 4512 Cornwall Court, Fredericksburg, VA 22408Reed Bolick 13027 Dahlia Lane, Fredericksburg, VA 22407
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All staff are required to disclose to the college of any transaction in which they are a related party.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All compensation is budgeted, reviewed, and approved by the board of directors at the annual board meeting each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All compensation is budgeted, reviewed, and approved by the board of directors at the annual board meeting each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7See overflow statement
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Officer director etc mailing address Part VI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Faith Baptist Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0541119308
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04105 Plank Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Fredericksburg
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022407
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0141949
IRS990/TotalAssetsEOYAmt0159426
IRS990/TotalAssetsGrp/BOYAmt0141949
IRS990/TotalAssetsGrp/EOYAmt0159426
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt098220
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02916

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$159,426
Liabilities
$12,005
Net assets
$147,421
Revenue
$497,839
Expenses
$469,329
Net income
$28,510
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.23$0.54$1.77$1.72$0.06
2024Detailed filing. Detailed filing data is available for this year.$0.66$0.18$0.48$1.38$1.32$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.13$0.42$1.11$1.22$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.09$0.53$1.02$1.14$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.09$0.64$1.13$1.01$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.20$0.52$1.09$0.98$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.07$0.33$0.99$0.83$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.06$0.17$0.58$0.57$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.16$0.58$0.57$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.50$0.47$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.41$0.40$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.03$0.11$0.32