Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Faith Bible College
EIN 54-1779894 • 501(c)3 • Norfolk, VA
Profile
To provide as an educational institution, curriculum, faculty and lifestyles that incorporate the essence of a god-centered philosophy of education. To develop within the students, a world view which mirrors the character, values and purposes of god both subjectively in their individual lives and objectively in their life styles and ministry to others.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.98x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
29th percentile
Higher net margin than 29% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 20.5% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Balance Sheet
Assets
Down$109,831
Down $51,962 (-32%) from 2023
Liabilities
Down$107,848
Down $23,237 (-18%) from 2023
Net Assets
Down$1,983
Down $28,725 (-94%) from 2023
Revenue
Up$248,443
Up $79,085 (+47%) from 2023
Expenses
Up$277,167
Up $6,875 (+2.5%) from 2023
Net Income
Up-$28,724
Up $72,210 (+72%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $109,831
- Liabilities
- $107,848
- Net assets
- $1,983
- Revenue
- $248,443
- Expenses
- $277,167
- Net income
- -$28,724
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Nov 16, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $199,911
Mission and Program Overview
Mission
To provide as an educational institution, curriculum, faculty and lifestyles that incorporate the essence of a god-centered philosophy of education.
To provide as an educational institution, curriculum, faculty and lifestyles that incorporate the essence of a god-centered philosophy of education. To develop within the students, a world view which mirrors the character, values and purposes of god both subjectively in their individual lives and objectively in their life styles and ministry to others.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TUITIONTHE SCHOOL ENROLLS STUDENTS IN ITS ACADEMIC PROGRAMS FROM FALL THROUGH SUMMER. | $80,493 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kevin Newman | President | FT | $24,000 | - | $24,000 |
| DALE PARKER | Vice President | PT | $24,000 | - | $24,000 |
Filing and Contact Details
Filer
- Filer Name
- Faith Bible College
- EIN
- 54-1779894
- Phone
- 7574232095
- Address
- 6330 NEWTOWN ROAD STE 211, NORFOLK, VA 23502
Signing Officer
- Name
- Kevin Newman
- Title
- President
- Signed
- 2020-11-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Mulkey & Company PC
- Address
- 5339 Virginia Beach Blvd 101, Virginia Beach, VA 23462
- Preparer
- R Ryan Gore
- Phone
- 7574560908
Supplemental Narrative
Additional Explanations
Other Expenses.1001
“Advertising and Promotion $418”
Other Expenses.1002
“Office Expenses $1446”
Other Expenses.1003
“Information Technology $11101”
Other Expenses.1005
“Travel $8124”
Other Expenses.1008
“Interest $4372”
Other Expenses.1009
“Depreciation $5633”
Other Expenses.1012
“Insurance $1126”
Other Expenses.1
“accreditation $7903”
Other Expenses.2
“Telephone $2742”
Other Expenses.3
“bank fees $1008”
Other Expenses.5
“MEALS $557”
Other Expenses.6
“registration fees $550”
Other Expenses.7
“Miscellaneous $285”
Other Expenses.8
“staff development $234”
Other Expenses.9
“bad debt- tuition and fees $145”
Other Assets.1002
“Furniture and Fixtures - Beginning $8984 Furniture and Fixtures - Ending $6252”
Other Assets.1003
“Machinery and Equipment - Beginning $9786 Machinery and Equipment - Ending $7636”
Other Assets.1005
“Accounts Receivable - Beginning $820 Accounts Receivable - Ending $2809”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $2614 Prepaid Expenses and Deferred Charges - Ending $5167”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $3268 Accounts Payable and Accrued Expenses - Ending $18612”
Total Liabilities.1
“CAPITAL LEASE - Beginning $8688 CAPITAL LEASE - Ending $5935”
Total Liabilities.2
“PAYCHECK PROTECTION PROGRAM - Beginning $0 PAYCHECK PROTECTION PROGRAM - Ending $23800”
Raw XML Appendix174 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DARLA BOLGER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7574232095 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 6330 newtown rd ste 211 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NORFOLK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23502 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 1480 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 12506 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 152546 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -26458 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 12891 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 31591 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 41524 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 199911 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 7907 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 7154 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 19635 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -6823 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 19635 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -6823 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 47022 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 24000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 24000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Kevin Newman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DALE PARKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 22204 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 21864 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 45644 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE AS AN EDUCATIONAL INSTITUTION, CURRICULUM, FACULTY AND LIFESTYLES THAT INCORPORATE THE ESSENCE OF A GOD-CENTERED PHILOSOPHY OF EDUCATION. TO DEVELOP WITHIN THE STUDENTS, A WORLD VIEW WHICH MIRRORS THE CHARACTER, VALUES AND PURPOSES OF GOD BOTH SUBJECTIVELY IN THEIR INDIVIDUAL LIVES AND OBJECTIVELY IN THEIR LIFE STYLES AND MINISTRY TO OTHERS. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 612 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 47365 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TUITIONTHE SCHOOL ENROLLS STUDENTS IN ITS ACADEMIC PROGRAMS FROM FALL THROUGH SUMMER. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 80493 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 120200 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 11956 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 48347 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 226369 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 80493 |
| IRS990EZ/TotalRevenueAmt | 0 | 199911 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.FAITHBIBLECOLLEGE.COM |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Line 4 - Explanation of Records and Materials Not Maintained |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Schedule E, Line 5 - Explanation of Organization Discrimination by Race |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and Promotion $418 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Office Expenses $1446 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Information Technology $11101 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Travel $8124 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Interest $4372 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Depreciation $5633 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Insurance $1126 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | accreditation $7903 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Telephone $2742 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | bank fees $1008 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | MEALS $557 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | registration fees $550 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Miscellaneous $285 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | staff development $234 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | bad debt- tuition and fees $145 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | Furniture and Fixtures - Beginning $8984 Furniture and Fixtures - Ending $6252 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | Machinery and Equipment - Beginning $9786 Machinery and Equipment - Ending $7636 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | Accounts Receivable - Beginning $820 Accounts Receivable - Ending $2809 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | Prepaid Expenses and Deferred Charges - Beginning $2614 Prepaid Expenses and Deferred Charges - Ending $5167 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | Accounts Payable and Accrued Expenses - Beginning $3268 Accounts Payable and Accrued Expenses - Ending $18612 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 20 | CAPITAL LEASE - Beginning $8688 CAPITAL LEASE - Ending $5935 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 21 | PAYCHECK PROTECTION PROGRAM - Beginning $0 PAYCHECK PROTECTION PROGRAM - Ending $23800 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1008 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.1009 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Other Expenses.8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Other Expenses.9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Other Assets.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Other Assets.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | Other Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 20 | Total Liabilities.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 21 | Total Liabilities.2 |
| ReturnHeader/BuildTS | 0 | 2021-04-22 16:20:28Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Kevin Newman |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FAITH BIBLE COLLEGE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FAIT |
| ReturnHeader/Filer/EIN | 0 | 541779894 |
| ReturnHeader/Filer/PhoneNum | 0 | 7574232095 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 6330 NEWTOWN ROAD STE 211 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NORFOLK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23502 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 541589582 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Mulkey & Company PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5339 Virginia Beach Blvd 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Virginia Beach |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 23462 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7574560908 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | R RYAN GORE |
| ReturnHeader/ReturnTs | 0 | 2020-11-16T09:01:34-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-06-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.