Civic Intelligence

Veritas Baptist College Inc.

990 • Fiscal year 2016 • EIN 27-2918042

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 27, 2016

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

54th percentile

0.05x

Higher debt load relative to assets than 54% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

40th percentile

0.02x

Higher debt load relative to revenue than 40% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

46th percentile

1.5%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

75th percentile

$67,264

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

55th percentile

3.5%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

16%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$164,973

Up $5,547 (+3.5%) from 2015

Net Assets

Up

$155,931

Up $8,510 (+5.8%) from 2015

Liabilities

Down

$9,042

Down $2,963 (-25%) from 2015

Revenue

Up

$576,545

Up $78,706 (+16%) from 2015

Expenses

Up

$568,035

Up $98,706 (+21%) from 2015

Net Income

Down

$8,510

Down $20,000 (-70%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$164,973
Liabilities$9,042
Net Assets$155,931

Operations Trend

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

2016

Revenue$576,545
Expenses$568,035
Net Income$8,510
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 27, 2016
Return Version
2015v2.1
Gross Receipts
$576,545
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$87,799$86,570▼ $1,229
Land, Buildings, and Equipment, Net$49,816$48,864▼ $952
Accounts Receivable$11,860$19,466▲ $7,606
Inventories for Sale or Use$9,951$10,073▲ $122
Total Assets$159,426$164,973▲ $5,547
Liabilities
Deferred Revenue$6,566$4,458▼ $2,108
Other Liabilities$5,282$3,911▼ $1,371
Accounts Payable and Accrued Expenses$157$673▲ $516
Total Liabilities$12,005$9,042▼ $2,963
Net Assets / Fund Balance
Unrestricted Net Assets$147,421$155,931▲ $8,510
Total Net Assets Fund Balance$147,421$155,931▲ $8,510
Total Liabilities and Net Assets / Fund Balance$159,426$164,973▲ $5,547

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$91$21,804-
Equipment$30,506$92,882-
Leasehold Improvements$18,267$4,713-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daniel StevensPresidentFT$67,264$67,264

Board Members and Trustees

NameTitle
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
$106,816
Program Service Revenue
$469,712
Investment Income
$17
Other Revenue
$0
All Other Contributions
$106,816
Change in Net Assets
$8,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$576,545
Revenue Not Reported on Form 990
$120,000
Total Revenue per Audited Statements
$696,545
Total Revenue per Form 990
$576,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$352,069
Other Expenses$215,966
Total Fundraising Expense$1,987
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$316,862$35,207-$352,069
All Other Expenses$108,607$6,360-$114,967
Other Expenses$28,294$3,126$1,987$28,294
Depreciation Depletion-$14,627-$14,627
Fees for Services Legal$8,280--$8,280
Insurance$5,100$1,275-$6,375
Office Expenses-$3,209-$3,209
Total Functional Expenses$502,244$63,804$1,987$568,035

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$688,035
Expenses per Audited Statements$568,035
Total Expenses per Form 990$568,035
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$3,703
Other payables$208
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
No
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 colleges 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 RODNEY 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
2016-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Stevens
Formed
2010
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
8
Employees
37

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

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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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt08510
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0469712
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/BookValueAmt030506
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092882
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0123388
IRS990ScheduleD/ExpensesNotReportedAmt0120000
IRS990ScheduleD/ExpensesSubtotalAmt0568035
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018267
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04713
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt022980
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt091
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021804
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other payables
IRS990ScheduleD/RevenueNotReportedAmt0120000
IRS990ScheduleD/RevenueSubtotalAmt0576545
IRS990ScheduleD/TotalBookValueLandBuildingsAmt048864
IRS990ScheduleD/TotalExpensesPerForm990Amt0568035
IRS990ScheduleD/TotalLiabilityAmt03911
IRS990ScheduleD/TotalRevenuePerForm990Amt0576545
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0696545
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0688035
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
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01) The Board of Directors will be the colleges 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 RODNEY 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/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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0159426
IRS990/TotalAssetsEOYAmt0164973
IRS990/TotalAssetsGrp/BOYAmt0159426
IRS990/TotalAssetsGrp/EOYAmt0164973
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0106816
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01987
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063804
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0502244
IRS990/TotalFunctionalExpensesGrp/TotalAmt0568035
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012005
IRS990/TotalLiabilitiesEOYAmt09042
IRS990/TotalLiabilitiesGrp/BOYAmt012005
IRS990/TotalLiabilitiesGrp/EOYAmt09042
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0147421
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0155931
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0502244
IRS990/TotalProgramServiceRevenueAmt0469712
IRS990/TotalReportableCompFromOrgAmt067264
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0469729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0576545
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0159426
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0164973
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0147421
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0155931
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010715 Holleybrooke Drive
IRS990/USAddress/CityNm0Spotsylvania

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