Civic Intelligence

Faith Baptist Bible College

EIN 47-0394397 • 501(c)3 • Ankeny, IA

Profile

Post secondary and graduate educational institution

1900 NW Fourth StreetAnkeny, IA 50023-2152

www.faith.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.13x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

53rd percentile

0.25x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

58th percentile

7.7%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

33rd percentile

$140,392

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

63rd percentile

8.6%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$21,639,583

Up $1,715,331 (+8.6%) from 2024

Liabilities

Up

$2,871,432

Up $52,088 (+1.8%) from 2024

Net Assets

Up

$18,768,151

Up $1,663,243 (+9.7%) from 2024

Revenue

Up

$11,712,916

Up $1,605,202 (+16%) from 2024

Expenses

Up

$10,808,603

Up $411,585 (+4.0%) from 2024

Net Income

Up

$904,313

Up $1,193,617 (+413%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $17,313,737Liabilities 2010: $2,329,493Net Assets 2010: $14,984,2442010Assets 2011: $18,104,499Liabilities 2011: $2,047,696Net Assets 2011: $16,056,8032011Assets 2012: $17,541,359Liabilities 2012: $1,922,919Net Assets 2012: $15,618,4402012Assets 2013: $17,119,069Liabilities 2013: $1,302,186Net Assets 2013: $15,816,8832013Assets 2014: $17,995,128Liabilities 2014: $1,630,573Net Assets 2014: $16,364,5552014Assets 2015: $18,797,956Liabilities 2015: $1,659,511Net Assets 2015: $17,138,4452015Assets 2016: $17,981,788Liabilities 2016: $1,398,659Net Assets 2016: $16,583,1292016Assets 2017: $20,239,320Liabilities 2017: $1,252,054Net Assets 2017: $18,987,2662017Assets 2018: $19,561,580Liabilities 2018: $1,284,186Net Assets 2018: $18,277,3942018Assets 2019: $19,266,001Liabilities 2019: $1,931,815Net Assets 2019: $17,334,1862019Assets 2020: $19,439,873Liabilities 2020: $2,137,206Net Assets 2020: $17,302,6672020Assets 2021: $21,423,490Liabilities 2021: $1,325,531Net Assets 2021: $20,097,9592021Assets 2022: $19,003,759Liabilities 2022: $1,397,113Net Assets 2022: $17,606,6462022Assets 2023: $19,602,397Liabilities 2023: $2,208,185Net Assets 2023: $17,394,2122023Assets 2024: $19,924,252Liabilities 2024: $2,819,344Net Assets 2024: $17,104,9082024Assets 2025: $21,639,583Liabilities 2025: $2,871,432Net Assets 2025: $18,768,1512025

Highlighted filing

2025

Assets$21,639,583
Liabilities$2,871,432
Net Assets$18,768,151

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,694,1012010Expenses 2011: $7,695,3412011Expenses 2012: $7,996,6222012Expenses 2013: $7,330,6082013Revenue 2014: $7,788,737Expenses 2014: $7,241,065Net Income 2014: $547,6722014Revenue 2015: $6,821,995Expenses 2015: $6,048,105Net Income 2015: $773,8902015Revenue 2016: $6,045,384Expenses 2016: $6,325,640Net Income 2016: -$280,2562016Revenue 2017: $8,606,564Expenses 2017: $6,498,743Net Income 2017: $2,107,8212017Revenue 2018: $6,206,957Expenses 2018: $6,884,014Net Income 2018: -$677,0572018Revenue 2019: $6,657,401Expenses 2019: $7,600,609Net Income 2019: -$943,2082019Revenue 2020: $7,145,401Expenses 2020: $7,542,097Net Income 2020: -$396,6962020Revenue 2021: $9,568,294Expenses 2021: $7,875,565Net Income 2021: $1,692,7292021Revenue 2022: $8,759,376Expenses 2022: $8,670,731Net Income 2022: $88,6452022Revenue 2023: $8,596,403Expenses 2023: $9,286,281Net Income 2023: -$689,8782023Revenue 2024: $10,107,714Expenses 2024: $10,397,018Net Income 2024: -$289,3042024Revenue 2025: $11,712,916Expenses 2025: $10,808,603Net Income 2025: $904,3132025

Highlighted filing

2025

Revenue$11,712,916
Expenses$10,808,603
Net Income$904,313

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$2.87$18.8$11.7$10.8$0.90
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$2.82$17.1$10.1$10.4$0.29
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$2.21$17.4$8.60$9.29$0.69
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.0$1.40$17.6$8.76$8.67$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.4$1.33$20.1$9.57$7.88$1.69
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$2.14$17.3$7.15$7.54$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.3$1.93$17.3$6.66$7.60$0.94
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.6$1.28$18.3$6.21$6.88$0.68
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$1.25$19.0$8.61$6.50$2.11
2016Detailed filing. Detailed filing data is available for this year.$18.0$1.40$16.6$6.05$6.33$0.28
2015Detailed filing. Detailed filing data is available for this year.$18.8$1.66$17.1$6.82$6.05$0.77
2014Detailed filing. Detailed filing data is available for this year.$18.0$1.63$16.4$7.79$7.24$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$1.30$15.8$7.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$1.92$15.6$8.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$2.05$16.1$7.70
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$2.33$15.0$8.69
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$10,044,426
Mission and Program Overview

Mission

Post secondary and graduate educational institution

Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,307,106$9,950,554▲ $643,448
Land, Buildings, and Equipment, Net$8,574,036$8,783,313▲ $209,277
Inventories for Sale or Use$296,974$307,111▲ $10,137
Cash and Non-Interest-Bearing Accounts$576,405$293,751▼ $282,654
Accounts Receivable$183,526$227,802▲ $44,276
Prepaid Expenses and Deferred Charges$65,712$39,866▼ $25,846
Other Notes and Loans Receivable, Net$0--
Total Assets$19,003,759$19,602,397▲ $598,638
Liabilities
Other Liabilities$1,202,312$1,115,057▼ $87,255
Mortgage Notes Payable Secured by Investment Property-$800,000-
Accounts Payable and Accrued Expenses$194,801$293,128▲ $98,327
Total Liabilities$1,397,113$2,208,185▲ $811,072
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,744,755$12,059,401▼ $685,354
Net Assets With Donor Restrictions$4,861,891$5,334,811▲ $472,920
Total Net Assets Fund Balance$17,606,646$17,394,212▼ $212,434
Total Liabilities and Net Assets / Fund Balance$19,003,759$19,602,397▲ $598,638

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,506,336$6,875,658$13,381,994
Equipment$933,394$3,643,631$4,577,025
Other Land Buildings$976,282$1,753,418$2,729,700
Land$367,301-$367,301

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$8,925,835$226,752▲ $982,294-$9,554,530
2021$11,238,328$37,947▼ $1,825,329-$8,925,835
2020$9,752,577$97,654▲ $1,901,596-$11,238,328
2019$9,589,472$22,860▲ $593,535-$9,752,577
2018$9,434,816$29,437▲ $698,983-$9,589,472
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James R TillotsonPresidentFT$127,150$127,150
Kenneth D RathbunVice President, Academic DeanFT$95,350$95,350
Paul BrayVice President & CFOFT$87,102$87,102
Martin T HerronExecutive Vice PresidentFT$81,646$81,646
Douglas E BrownDean of SeminaryFT$74,985$74,985
Daniel H BjokneVice PresidentFT$74,858$74,858
Mark L DavisVice PresidentFT$71,323$71,323

Board Members and Trustees

NameTitle
Tim CaponDirector & Chairman
James RandolphDirector & Vice Chairman
Anthony WilsonDirector
Bernie AugsburgerDirector
Dan E WalkerDirector
Jason PilchardDirector
Kenneth R HansenDirector
Michael BlackstoneDirector
Patrick OdleDirector
Paul MannDirector
Samuel ChoiDirector
Steven BohnDirector
David Burman JrDirector & Secretary
None-
Revenue and Support

Revenue Composition

Contributions and Grants
$1,782,559
Program Service Revenue
$6,285,542
Investment Income
$528,302
Other Revenue
$0
All Other Contributions
$1,782,559
Change in Net Assets
$-689,878

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,517,362
Revenue Not Reported on Financial Statements
$79,041
Revenue Not Reported on Form 990
$556,485
Total Revenue per Audited Statements
$9,073,847
Total Revenue per Form 990
$8,596,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,184,988
Other Expenses$4,101,293
Total Fundraising Expense$199,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,162,287$569,072$30,955$3,762,314
Depreciation Depletion$559,746$122,871$0$682,617
Current Officers, Directors, Trustees, and Key Employees$241,659$295,898$74,858$612,415
Other Employee Benefits$418,088$90,515$11,734$520,337
Other Expenses$379,763$53,951$2,865$436,579
Occupancy$179,180$196,401$0$375,581
Travel$263,838$58,634$26,638$349,110
Office Expenses$249,928$87,052$6,625$343,605
Conferences and Meetings$233,177$100,027$1,829$335,033
Payroll Taxes$170,413$59,028$6,560$236,001
Information Technology$53,720$94,681$10,385$158,786
Insurance$34,607$86,761$0$121,368
Fees for Services Accounting$64,815$33,645$0$98,460
Fees for Service Investment Mgmnt Fees$0$79,041$0$79,041
Pension Plan Contributions$41,956$10,661$1,304$53,921
Interest$2,799$17,615$0$20,414
Fees for Services Management$0$10,289$0$10,289
Total Functional Expenses$6,939,468$2,147,713$199,100$9,286,281

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,286,281
Total Expenses per Audited Statements$9,286,281
Total Expenses per Form 990$9,286,281
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
Scholarships payable$286,640
Deposits payable$266,546
Accrued expenses$226,772
Charitable gift annuities payable$193,285
Trust obligations$126,774
Deposits held for others$15,040
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Faith Baptist Bible College
EIN
47-0394397
Phone
5159640601
Address
1900 NW Fourth Street, Ankeny, IA 50023-2152

Signing Officer

Name
Paul M Bray
Title
Vice President and CFO
Phone
5159640601
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Tillotson
Formed
1921
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
358
Volunteers
75

Preparer

Firm
Delmar R Mohler CPA
Address
2455 Scenic Valley Dr, West Des Moines, IA 50265
Preparer
Delmar R Mohler CPA
Phone
5152827250
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Faith Baptist Bible College and Theological Seminiary IRS Form 990 is delivered to members of its Board of Directors for their review prior to its being filed with the IRS. However, IRS Form 990, Schedule B, listing donors of $5,000.00 or more is not included in the copy delivered to the members of the Board of Directors.

Pt VI, Line 12C

The Faith Baptist Bible College and Theological Seminary Conflict of Interest Policy provides that annually each member of its Board of Directors and Officers shall complete and sign an Annual Statement with the Secretary of the Board of Directors acknowledging that they have received, read, and understand the Conflict of Interest Policy. Further they affirm that they have complied with the policy and understood the requirements they must honor on behalf of Faith Baptist Bible College and Theological Seminary to disclose any conflicts of interest to protect and maintain the organization's tax exempt status.

Pt VI, Line 15A

The Faith Baptist Bible College Executive Committee of its Board of Directors reviews a summary of compensation levels derived from other IRS Form 990s and other public information sources for its President and Vice Presidents at least once every three years. The data is gathered from various sources including IRS Form 990s, surveys conducted by accrediting organizations, and various other public sources to establish compensation levels at similar institutions based upon organizational mission statements, size, theological similarities, scope of academic offerings, and various other identifying characteristics. The Executive Committee of the Board of Directors regularly meets with the President. Each year the President's annual compensation is established following a similar procedure taking into account various performance metrics with the comparison to other institutions being considered at least once every three years. The most recent study was made during 2023.

Pt XII, Line 2C

The Finance Committee of the Board of Directors acts as the Audit Committee including selection of the independent external auditor, the engagement of the audit firm, and oversees the audit process.

Financial Statement Notes

Pt V, Line 4

Endowment Funds are primarily held to fund student scholarships for undergraduate students as set forth in individual endowment fund agreements made with donors as the Endowment Funds were created. Generally student scholarships are granted out of investment earnings.

Raw XML AppendixShowing 400 of 660 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/Form990PartVIISectionAGrp/PersonNm0Bernie Augsburger
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Blackstone
IRS990/Form990PartVIISectionAGrp/PersonNm2Steven Bohn
IRS990/Form990PartVIISectionAGrp/PersonNm3David Burman Jr
IRS990/Form990PartVIISectionAGrp/PersonNm4Tim Capon
IRS990/Form990PartVIISectionAGrp/PersonNm5Samuel Choi
IRS990/Form990PartVIISectionAGrp/PersonNm6Kenneth R Hansen
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Mann
IRS990/Form990PartVIISectionAGrp/PersonNm8Patrick Odle
IRS990/Form990PartVIISectionAGrp/PersonNm9Jason Pilchard
IRS990/Form990PartVIISectionAGrp/PersonNm10James Randolph
IRS990/Form990PartVIISectionAGrp/PersonNm11Dan E Walker
IRS990/Form990PartVIISectionAGrp/PersonNm12Anthony Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm13James R Tillotson
IRS990/Form990PartVIISectionAGrp/PersonNm14Martin T Herron
IRS990/Form990PartVIISectionAGrp/PersonNm15Daniel H Bjokne
IRS990/Form990PartVIISectionAGrp/PersonNm16Mark L Davis
IRS990/Form990PartVIISectionAGrp/PersonNm17Douglas E Brown
IRS990/Form990PartVIISectionAGrp/PersonNm18Kenneth D Rathbun
IRS990/Form990PartVIISectionAGrp/PersonNm19Paul Bray
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director & Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director & Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director & Vice Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt17Dean of Seminary
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice President, Academic Dean
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice President & CFO
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IRS990/ProgSrvcAccomActy2Grp/Desc0Graduate education institution - Seminary Students (Fall 2022 - 46); (Spring 2023 - 39) The mission of Faith Baptist Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Auxiliary Operation The auxiliary operations provide essential services to support the college and seminary including residential housing, food services, a book store, and athletic activities in support of the students.
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