Civic Intelligence

Veritas Baptist College Inc.

990 • Fiscal year 2017 • EIN 27-2918042

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 02, 2017

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

0.25x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

45th percentile

1.9%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

0.3%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$222,179

Up $57,206 (+35%) from 2016

Net Assets

Up

$167,166

Up $11,235 (+7.2%) from 2016

Liabilities

Up

$55,013

Up $45,971 (+508%) from 2016

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin45th percentile

Revenue

Up

$578,344

Up $1,799 (+0.3%) from 2016

Expenses

Down

$567,109

Down $926 (-0.2%) from 2016

Net Income

Up

$11,235

Up $2,725 (+32%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2017

Assets$222,179
Liabilities$55,013
Net Assets$167,166
Open 2017 Filing

Operations Trend

Revenue Growth40th 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

2017

Revenue$578,344
Expenses$567,109
Net Income$11,235
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$578,344
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$86,570$140,165▲ $53,595
Land, Buildings, and Equipment, Net$48,864$43,738▼ $5,126
Accounts Receivable$19,466$38,276▲ $18,810
Inventories for Sale or Use$10,073--
Total Assets$164,973$222,179▲ $57,206
Liabilities
Deferred Revenue$4,458$40,065▲ $35,607
Accounts Payable and Accrued Expenses$673$14,948▲ $14,275
Other Liabilities$3,911--
Total Liabilities$9,042$55,013▲ $45,971
Net Assets / Fund Balance
Unrestricted Net Assets$155,931$167,166▲ $11,235
Total Net Assets Fund Balance$155,931$167,166▲ $11,235
Total Liabilities and Net Assets / Fund Balance$164,973$222,179▲ $57,206

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$21,895-
Equipment$27,004$107,073-
Leasehold Improvements$16,734$6,246-
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Kurt SkellyChairman
John EdmondsPresident
Mike ReidVice Chairman
George WoodBoard Member
Jamison CoppolaBoard Member
Jesse ForresterBoard Member
Ken BaldwinBoard Member
Reed BolickBoard Member
Rodney KelleyBoard Member
Dennis ListerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$90,632
Program Service Revenue
$487,693
Investment Income
$19
Other Revenue
$0
All Other Contributions
$90,632
Change in Net Assets
$11,235

Audited Revenue Reconciliation

Revenue per Audited Statements
$578,344
Revenue Not Reported on Form 990
$120,000
Total Revenue per Audited Statements
$698,344
Total Revenue per Form 990
$578,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$371,449
Other Expenses$195,660
Total Fundraising Expense$2,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$334,304$37,145-$371,449
All Other Expenses$112,297$2,630-$114,927
Advertising$19,975-$2,047$22,022
Depreciation Depletion$14,233$1,581-$15,814
Other Expenses$13,646$618-$13,646
Fees for Services Accounting$5,177$575-$5,752
Office Expenses-$4,329-$4,329
Fees for Services Legal$1,872$208-$2,080
Fees for Services Other$592$66-$658
Total Functional Expenses$517,273$47,789$2,047$567,109

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$687,109
Expenses per Audited Statements$567,109
Total Expenses per Form 990$567,109
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
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

“KURT SKELLY 4035 PLANK RD, FREDERICKSBURG, VA 22407MIKE REID 300 WHITE OAK ROAD, FREDERICKSBURG, VA 22405DENNIS LESTER 1108 RAPPAHANNOCK AVE, FREDERICKSBURG, VA 22401 RODNEY KELLEY 5634 NORMANDY BLVD, JACKSONVILLE, FL 32205GEORGE WOOD 9207 MAPLE VALLEY DRIVE, FREDERICKSBURG, VA 22407KEN BALDWIN 5811 HOFFMANS LN, BAILEYS CROSSROADS, VA 22041Jamison Coppola 8391 Jovin Circle, Springfield, VA 22153Jesse Forrester 4512 Cornwall Court, Fredericksburg, VA 22408Reed Bolick 13027 Dahlia Lane, Fredericksburg, VA 22407JOHN EDMONDS 10809 CRESTWOOD DR, FREDERICKSBURG, VA 22553”

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
John Edmonds
Title
President
Phone
5407855440
Signed
2017-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Edmonds
Formed
2010
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
36

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 454 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/Desc2Auxiliary Enterprises
IRS990/ProgramServiceRevenueGrp/Desc3Miscellaneous
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-13788
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IRS990/ReconcilationRevenueExpnssAmt011235
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0487693
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016734
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06246
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt022980
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021895
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021895
IRS990ScheduleD/RevenueNotReportedAmt0120000
IRS990ScheduleD/RevenueSubtotalAmt0578344
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043738
IRS990ScheduleD/TotalExpensesPerForm990Amt0567109
IRS990ScheduleD/TotalRevenuePerForm990Amt0578344
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0698344
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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
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school participates in Student Financial Assistance in the following two programs:Pell GrantDirect Loan
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
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/ExplanationTxt2KURT SKELLY 4035 PLANK RD, FREDERICKSBURG, VA 22407MIKE REID 300 WHITE OAK ROAD, FREDERICKSBURG, VA 22405DENNIS LESTER 1108 RAPPAHANNOCK AVE, FREDERICKSBURG, VA 22401 RODNEY KELLEY 5634 NORMANDY BLVD, JACKSONVILLE, FL 32205GEORGE WOOD 9207 MAPLE VALLEY DRIVE, FREDERICKSBURG, VA 22407KEN BALDWIN 5811 HOFFMANS LN, BAILEYS CROSSROADS, VA 22041Jamison Coppola 8391 Jovin Circle, Springfield, VA 22153Jesse Forrester 4512 Cornwall Court, Fredericksburg, VA 22408Reed Bolick 13027 Dahlia Lane, Fredericksburg, VA 22407JOHN EDMONDS 10809 CRESTWOOD DR, FREDERICKSBURG, VA 22553
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
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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
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IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02047
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047789
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0517273
IRS990/TotalFunctionalExpensesGrp/TotalAmt0567109
IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceRevenueAmt0487693
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0487712
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$222,179
Liabilities
$55,013
Net assets
$167,166
Revenue
$578,344
Expenses
$567,109
Net income
$11,235
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