Civic Intelligence

Heritage Bible College Inc

EIN 56-1212691 • 501(c)3 • Dunn, NC

Profile

The college provides post-secondary christian education to men and women in the ministry or those individuals that plan to go into the ministry.

PO Box 1628Dunn, NC 28335

www.heritagebiblecollege.edu

Siviq Scores

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

Liabilities / Assets

89th percentile

0.32x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

0.09x

Higher debt load relative to revenue than 86% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Net Margin

17th percentile

-25%

Higher net margin than 17% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Top Officer Pay

96th percentile

$44,782

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

NTEE B • <$500k nonprofits • Source year 2025

Asset Growth

14th percentile

-38%

Faster asset growth than 14% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

-4.3%

Faster revenue growth than 43% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$83,102

Down $50,579 (-38%) from 2024

Liabilities

Up

$26,219

Up $18,199 (+227%) from 2024

Net Assets

Down

$56,883

Down $68,778 (-55%) from 2024

Revenue

Down

$279,247

Down $12,636 (-4.3%) from 2024

Expenses

Down

$348,025

Down $69,961 (-17%) from 2024

Net Income

Up

-$68,778

Up $57,325 (+45%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,015,076Liabilities 2011: $313,877Net Assets 2011: $701,1992011Assets 2012: $1,025,360Liabilities 2012: $286,883Net Assets 2012: $738,4772012Assets 2013: $1,065,721Liabilities 2013: $265,628Net Assets 2013: $800,0932013Assets 2014: $1,056,110Liabilities 2014: $247,328Net Assets 2014: $808,7822014Assets 2015: $984,358Liabilities 2015: $229,526Net Assets 2015: $754,8322015Assets 2016: $1,101,518Liabilities 2016: $210,090Net Assets 2016: $891,4282016Assets 2017: $1,005,980Liabilities 2017: $184,814Net Assets 2017: $821,1662017Assets 2018: $193,064Liabilities 2018: $7,051Net Assets 2018: $186,0132018Assets 2019: $198,338Liabilities 2019: $6,245Net Assets 2019: $192,0932019Assets 2020: $267,565Liabilities 2020: $25,789Net Assets 2020: $241,7762020Assets 2021: $260,141Liabilities 2021: $5,242Net Assets 2021: $254,8992021Assets 2022: $272,431Liabilities 2022: $6,760Net Assets 2022: $265,6712022Assets 2023: $262,467Liabilities 2023: $10,703Net Assets 2023: $251,7642023Assets 2024: $133,681Liabilities 2024: $8,020Net Assets 2024: $125,6612024Assets 2025: $83,102Liabilities 2025: $26,219Net Assets 2025: $56,8832025

Highlighted filing

2025

Assets$83,102
Liabilities$26,219
Net Assets$56,883

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $831,735Expenses 2011: $799,198Net Income 2011: $32,5372011Revenue 2012: $842,422Expenses 2012: $797,465Net Income 2012: $44,9572012Revenue 2013: $887,847Expenses 2013: $824,947Net Income 2013: $62,9002013Revenue 2014: $866,953Expenses 2014: $861,245Net Income 2014: $5,7082014Revenue 2015: $836,483Expenses 2015: $890,928Net Income 2015: -$54,4452015Revenue 2016: $953,829Expenses 2016: $811,475Net Income 2016: $142,3542016Revenue 2017: $677,696Expenses 2017: $754,869Net Income 2017: -$77,1732017Revenue 2018: $176,426Expenses 2018: $814,973Net Income 2018: -$638,5472018Revenue 2019: $381,509Expenses 2019: $375,861Net Income 2019: $5,6482019Revenue 2020: $457,040Expenses 2020: $407,357Net Income 2020: $49,6832020Revenue 2021: $399,189Expenses 2021: $386,066Net Income 2021: $13,1232021Revenue 2022: $448,247Expenses 2022: $437,475Net Income 2022: $10,7722022Revenue 2023: $413,968Expenses 2023: $427,875Net Income 2023: -$13,9072023Revenue 2024: $291,883Expenses 2024: $417,986Net Income 2024: -$126,1032024Revenue 2025: $279,247Expenses 2025: $348,025Net Income 2025: -$68,7782025

Highlighted filing

2025

Revenue$279,247
Expenses$348,025
Net Income-$68,778

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.08$0.03$0.06$0.28$0.35$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.13$0.29$0.42$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.41$0.43$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.27$0.45$0.44$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.40$0.39$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.03$0.24$0.46$0.41$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.38$0.38$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.19$0.18$0.81$0.64
2017Summary only. Only limited summary data is available for this year.$1.01$0.18$0.82$0.68$0.75$0.08
2016Summary only. Only limited summary data is available for this year.$1.10$0.21$0.89$0.95$0.81$0.14
2015Summary only. Only limited summary data is available for this year.$0.98$0.23$0.75$0.84$0.89$0.05
2014Summary only. Only limited summary data is available for this year.$1.06$0.25$0.81$0.87$0.86$0.01
2013Summary only. Only limited summary data is available for this year.$1.07$0.27$0.80$0.89$0.82$0.06
2012Summary only. Only limited summary data is available for this year.$1.03$0.29$0.74$0.84$0.80$0.04
2011Summary only. Only limited summary data is available for this year.$1.02$0.31$0.70$0.83$0.80$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 30, 2026
Return Version
2024v5.0
Gross Receipts
$279,247
Mission and Program Overview

Mission

The college provides post-secondary christian education to men and women in the ministry or those individuals that plan to go into the ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$132,254$81,165▼ $51,089
Accounts Receivable$1,427$1,937▲ $510
Total Assets$133,681$83,102▼ $50,579
Liabilities
Deferred Revenue-$19,903-
Accounts Payable and Accrued Expenses$8,020$6,316▼ $1,704
Total Liabilities$8,020$26,219▲ $18,199
Net Assets / Fund Balance
Net Assets With Donor Restrictions$39,148$48,784▲ $9,636
Net Assets Without Donor Restrictions$86,513$8,099▼ $78,414
Total Net Assets Fund Balance$125,661$56,883▼ $68,778
Total Liabilities and Net Assets / Fund Balance$133,681$83,102▼ $50,579

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$12,803$12,803
Other Land Buildings-$4,234$4,234
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leanne PageCFOFT$44,782$44,782
Matt ClarkTrustee-$16,309$16,309

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$63,232
Program Service Revenue
$215,191
Investment Income
$547
Other Revenue
$277
All Other Contributions
$63,232
Change in Net Assets
$-68,778

Audited Revenue Reconciliation

Revenue per Audited Statements
$276,547
Revenue Not Reported on Financial Statements
$2,700
Revenue Not Reported on Form 990
$142,000
Other Revenue Adjustments
$2,700
Total Revenue per Audited Statements
$418,547
Total Revenue per Form 990
$279,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$280,842
Other Expenses$64,483
Total Fundraising Expense$47,529
Grants and Similar Amounts Paid$2,700
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,816$44,637$29,758$198,211
Current Officers, Directors, Trustees, and Key Employees$38,162$13,758$9,171$61,091
Information Technology$18,161$3,632$2,421$24,214
Payroll Taxes$12,855$2,571$1,714$17,140
Advertising$4,293$859$572$5,724
Insurance$3,483$697$464$4,644
Other Employee Benefits$3,300$660$440$4,400
Office Expenses$2,628$526$350$3,504
Other Expenses$2,473$495$330$3,298
Grants to Domestic Individuals$2,700--$2,700
Conferences and Meetings$19$4$2$25
Total Functional Expenses$229,196$71,300$47,529$348,025

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$487,325
Total Expenses per Form 990$348,025
Expenses per Audited Statements$345,325
Expenses Not Reported on Form 990$142,000
Expenses Not Reported on Financial Statements$2,700
Other Expense Adjustments$2,700
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
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
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization provides a copy of the form 990 via e-mail to all members of its governing body for review before filing the form.

Form 990, Page 6, Part VI, Line 12C

It is the responsibility of the chairman of the board and the president to ensure that there is no conflict of interest when members are appointed or during their term of service. Each board of trustees member is required to affirm at the meeting.

Form 990, Page 6, Part VI, Line 19

The organization will make its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Heritage Bible College Inc
EIN
56-1212691
Phone
9108923178
Address
PO BOX 1628, DUNN, NC 28335

Signing Officer

Name
Chris Schaefer
Title
President
Phone
9108923178
Signed
2026-01-30

Organization Details

Principal Officer
Chris Schaefer
Formed
1971
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
22

Preparer

Firm
David C Moja CPA
Address
PO BOX 531, REIDSVILLE, GA 30453
Preparer
Dave Moja
Phone
3212589907
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Scholarships -2,700 scholarships 2,700

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

SCHOLARSHIPS 2,700

Schedule D, Page 4, Part XII, Line 4B

SCHOLARSHIPS 2,700

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S CATALOG, STUDENT HANDBOOK AND OTHER RELATED PUBLICATIONS REFLECT THAT THE SCHOOL HAS A POLICY OF NONDISCRIMINATION BASED ON RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, AGE OR HANDICAP. PRESS RELEASES REGARDING THE SCHOOL REFER READERS TO THE SCHOOL'S WEBSITE WHERE THE NONDISCRIMINATION POLICY IS POSTED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 VIA E-MAIL TO ALL MEMBERS OF ITS GOVERNING BODY FOR REVIEW BEFORE FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IT IS THE RESPONSIBILITY OF THE CHAIRMAN OF THE BOARD AND THE PRESIDENT TO ENSURE THAT THERE IS NO CONFLICT OF INTEREST WHEN MEMBERS ARE APPOINTED OR DURING THEIR TERM OF SERVICE. EACH BOARD OF TRUSTEES MEMBER IS REQUIRED TO AFFIRM AT THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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