Civic Intelligence

Kentucky Mountain Bible College Incorporated

990 • Fiscal year 2020 • EIN 61-1103422

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 01, 2020

Organization ProfileWWW.KMBC.EDU
855 Hwy 541Jackson, KY 41339

(606) 693-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.06x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.24x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$14,655

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.2%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-19%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$7,587,996

Down $167,954 (-2.2%) from 2019

Net Assets

Down

$7,169,250

Down $175,661 (-2.4%) from 2019

Liabilities

Up

$418,746

Up $7,707 (+1.9%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin20th percentile

Revenue

Down

$1,714,504

Down $412,632 (-19%) from 2019

Expenses

Down

$1,890,165

Down $124,343 (-6.2%) from 2019

Net Income

Down

-$175,661

Down $288,289 (-256%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2013: $4,198,688Liabilities 2013: $299,420Net Assets 2013: $3,899,2682013Assets 2014: $6,451,629Liabilities 2014: $290,548Net Assets 2014: $6,161,0812014Assets 2015: $6,542,901Liabilities 2015: $312,233Net Assets 2015: $6,230,6682015Assets 2016: $7,203,647Liabilities 2016: $441,606Net Assets 2016: $6,762,0412016Assets 2017: $7,508,556Liabilities 2017: $304,872Net Assets 2017: $7,203,6842017Assets 2018: $7,513,541Liabilities 2018: $281,258Net Assets 2018: $7,232,2832018Assets 2019: $7,755,950Liabilities 2019: $411,039Net Assets 2019: $7,344,9112019Assets 2020: $7,587,996Liabilities 2020: $418,746Net Assets 2020: $7,169,2502020Assets 2021: $9,339,224Liabilities 2021: $230,468Net Assets 2021: $9,108,7562021Assets 2022: $9,330,725Liabilities 2022: $157,493Net Assets 2022: $9,173,2322022Assets 2023: $9,661,221Liabilities 2023: $392,816Net Assets 2023: $9,268,4052023Assets 2024: $9,499,008Liabilities 2024: $287,555Net Assets 2024: $9,211,4532024Assets 2025: $10,023,619Liabilities 2025: $186,062Net Assets 2025: $9,837,5572025

Highlighted filing

2020

Assets$7,587,996
Liabilities$418,746
Net Assets$7,169,250
Open 2020 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,523,828Expenses 2013: $1,423,391Net Income 2013: $100,4372013Revenue 2014: $2,241,652Expenses 2014: $2,201,339Net Income 2014: $40,3132014Revenue 2015: $1,897,750Expenses 2015: $1,784,540Net Income 2015: $113,2102015Revenue 2016: $2,213,208Expenses 2016: $1,681,835Net Income 2016: $531,3732016Revenue 2017: $2,314,224Expenses 2017: $1,872,581Net Income 2017: $441,6432017Revenue 2018: $1,991,197Expenses 2018: $1,962,598Net Income 2018: $28,5992018Revenue 2019: $2,127,136Expenses 2019: $2,014,508Net Income 2019: $112,6282019Revenue 2020: $1,714,504Expenses 2020: $1,890,165Net Income 2020: -$175,6612020Revenue 2021: $3,824,165Expenses 2021: $2,083,129Net Income 2021: $1,741,0362021Revenue 2022: $2,960,534Expenses 2022: $2,164,484Net Income 2022: $796,0502022Revenue 2023: $2,548,565Expenses 2023: $2,430,329Net Income 2023: $118,2362023Revenue 2024: $2,534,935Expenses 2024: $2,591,887Net Income 2024: -$56,9522024Revenue 2025: $2,817,813Expenses 2025: $2,191,709Net Income 2025: $626,1042025

Highlighted filing

2020

Revenue$1,714,504
Expenses$1,890,165
Net Income-$175,661
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 1, 2020
Return Version
2019v5.0
Gross Receipts
$1,714,504
Mission and Program Overview

Mission

To educate and prepare students for biblical gospel ministry as educators, pastors, and foreign missionaries.

To educate and prepare students for biblical gospel minstry as educators, pastors and foreign missionaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,751,792$3,652,455▼ $99,337
Land, Buildings, and Equipment, Net$3,160,747$3,030,598▼ $130,149
Cash and Non-Interest-Bearing Accounts$612,923$775,625▲ $162,702
Accounts Receivable$196,436$95,266▼ $101,170
Total Assets$7,755,950$7,587,996▼ $167,954
Other Assets Total$34,052$34,052→ $0
Liabilities
Other Liabilities$331,262$268,583▼ $62,679
Unsecured Notes Loans Payable$29,555$86,290▲ $56,735
Accounts Payable and Accrued Expenses$50,222$63,873▲ $13,651
Total Liabilities$411,039$418,746▲ $7,707
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,860,565$7,169,250▲ $2,308,685
Net Assets With Donor Restrictions$2,484,346--
Total Net Assets Fund Balance$7,344,911$7,169,250▼ $175,661
Total Liabilities and Net Assets / Fund Balance$7,755,950$7,587,996▼ $167,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,269,946$4,072,142$5,342,088
Leasehold Improvements$762,909-$762,909
Equipment$726,855-$726,855
Other Land Buildings$270,888-$270,888
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Philip SpeasPresidentFT$14,655$14,655
Steve LorimerBusiness Man-$8,256$8,256
Thomas LorimerVice Preside-$2,400$2,400
James NelsonDean-$2,175$2,175

Board Members and Trustees

NameTitle
Aaron ShermanBoard Member
Bob EnglandBoard Member
Charles AdamsBoard Member
Chris CravensBoard Member
David MunsonBoard Member
David Withrow JrBoard Member
Eldon NeihofBoard Member
Glenn BlackBoard Member
Harold SpannBoard Member
Jared HenryBoard Member
Martha KirkpatrickBoard Member
Michael AveryBoard Member
Phil SimmsBoard Member
Richard SettlesBoard Member
Rob Roy MacgregorBoard Member
Ruth CundiffBoard Member
Tom MccannBoard Member
John SislerAlumni Presi
Joy PaulSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,126,251
Program Service Revenue
$958,881
Investment Income
$218,048
Other Revenue
$-588,676
All Other Contributions
$1,126,251
Change in Net Assets
$-175,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,714,504
Total Revenue per Audited Statements
$1,714,504
Total Revenue per Form 990
$1,714,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,448,940
Salaries, Compensation, and Employee Benefits$441,225
Total Fundraising Expense$2,073
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$239,931$80,463$2,073$322,467
Other Salaries and Wages$152,262$167,739-$320,001
Occupancy$251,287--$251,287
Depreciation Depletion$207,115--$207,115
Other Employee Benefits$89,340--$89,340
Other Expenses$86,136$88,727-$88,727
Office Expenses$46,459$19,204-$65,663
Insurance-$58,135-$58,135
Information Technology-$48,478-$48,478
Pension Plan Contributions$31,884--$31,884
Fees for Services Accounting-$27,770-$27,770
Advertising-$10,402-$10,402
Conferences and Meetings-$2,031-$2,031
Travel-$293-$293
Total Functional Expenses$1,379,465$508,627$2,073$1,890,165

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,890,165
Total Expenses per Audited Statements$1,890,165
Total Expenses per Form 990$1,890,165
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
Annuity Obligation$130,000
Student Advance Payments$119,580
Deffered Grant Income$19,003
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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

“Form 990 is reviewed by the executive committee”

Form 990, Page 6, Part VI, Line 19

“All governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Kentucky Mountain Bible
EIN
61-1103422
Phone
6066935000
Address
855 HWY 541, JACKSON, KY 41339

Signing Officer

Name
Philip Speas
Title
President
Phone
6066935000
Signed
2020-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Speas
Formed
1939
Legal Domicile
Ky
Voting Board Members
20
Independent Board Members
19
Employees
125

Preparer

Firm
Manning & Associates Cpas LLC
Address
PO BOX 13449, DAYTON, OH 45413-0449
Preparer
John M Manning CPA
Phone
9378983167
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Student work credit 63,977 7,744 0 singing groups & music 53,747 8,429 0 student activities 49,654 0 0 donations & benevolence 0 23,951 0 promotion and development 8,805 9,846 2,073 wmtc expenses 2,364 16,295 0 staff training 15,971 0 0 bank fees 0 14,198 0 library supplies 11,533 0 0 gasoline 10,518 0 0 contract pay 9,915 0 0 bad debts 4,780 0 0 bookstore 4,073 0 0 misc expenses 3,415 0 0 dues and fees 1,179 0 0 total 239,931 80,463 2,073”

Raw XML AppendixShowing 400 of 492 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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BUSINESS MAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DEAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21ALUMNI PRESI
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IRS990/LandBldgEquipCostOrOtherBssAmt07102740
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO EDUCATE AND PREPARE STUDENTS FOR BIBLICAL GOSPEL MINISTRY AS EDUCATORS, PASTORS AND FOREIGN MISSIONARIES.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07344911
IRS990/NetAssetsOrFundBalancesEOYAmt07169250
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019204
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt089340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt089340
IRS990/OtherExpensesGrp/Desc0RADIO STATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2SCHOLARSHIPS IN HOUSE
IRS990/OtherExpensesGrp/Desc3RECRUITING EXPENSES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt188727
IRS990/OtherExpensesGrp/ProgramServicesAmt0151336
IRS990/OtherExpensesGrp/ProgramServicesAmt1123715
IRS990/OtherExpensesGrp/ProgramServicesAmt286136
IRS990/OtherExpensesGrp/TotalAmt0151336
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IRS990/OtherExpensesGrp/TotalAmt291521
IRS990/OtherExpensesGrp/TotalAmt388727
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IRS990/OtherRevenueMiscGrp/Desc0RADIO STATION INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0153464
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-742140
IRS990/OtherRevenueTotalAmt0-588676
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0167739
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0152262
IRS990/OtherSalariesAndWagesGrp/TotalAmt0320001
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt031884
IRS990/PensionPlanContributionsGrp/TotalAmt031884
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PHILIP SPEAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0COLLEGE TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILIARY ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1266536
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2156612
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1266536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2156612
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IRS990/PYContributionsGrantsAmt0865177
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0170264
IRS990/PYOtherExpensesAmt01584031
IRS990/PYOtherRevenueAmt0158743
IRS990/PYProgramServiceRevenueAmt0932952
IRS990/PYRevenuesLessExpensesAmt0112628
IRS990/PYSalariesCompEmpBnftPaidAmt0430477
IRS990/PYTotalExpensesAmt02014508
IRS990/PYTotalRevenueAmt02127136
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-175661
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0958881
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01269946
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04072142
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05342088
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0726855
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0726855
IRS990ScheduleD/ExpensesSubtotalAmt01890165
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0762909
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0762909
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0270888
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0270888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0130000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1119580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITY OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STUDENT ADVANCE PAYMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFFERED GRANT INCOME
IRS990ScheduleD/RevenueSubtotalAmt01714504
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03030598
IRS990ScheduleD/TotalExpensesPerForm990Amt01890165
IRS990ScheduleD/TotalLiabilityAmt0268583
IRS990ScheduleD/TotalRevenuePerForm990Amt01714504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01714504
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01890165
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/ExplanationTxt0ACCREDITED INSTITUTION PARTICIPATING IN TITLE IV FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,587,996
Liabilities
$418,746
Net assets
$7,169,250
Revenue
$1,714,504
Expenses
$1,890,165
Net income
-$175,661
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.0$0.19$9.84$2.82$2.19$0.63
2024Detailed filing. Detailed filing data is available for this year.$9.50$0.29$9.21$2.53$2.59$0.06
2023Detailed filing. Detailed filing data is available for this year.$9.66$0.39$9.27$2.55$2.43$0.12
2022Detailed filing. Detailed filing data is available for this year.$9.33$0.16$9.17$2.96$2.16$0.80
2021Detailed filing. Detailed filing data is available for this year.$9.34$0.23$9.11$3.82$2.08$1.74
2020Detailed filing. Detailed filing data is available for this year.$7.59$0.42$7.17$1.71$1.89$0.18
2019Detailed filing. Detailed filing data is available for this year.$7.76$0.41$7.34$2.13$2.01$0.11
2018Detailed filing. Detailed filing data is available for this year.$7.51$0.28$7.23$1.99$1.96$0.03
2017Detailed filing. Detailed filing data is available for this year.$7.51$0.30$7.20$2.31$1.87$0.44
2016Detailed filing. Detailed filing data is available for this year.$7.20$0.44$6.76$2.21$1.68$0.53
2015Detailed filing. Detailed filing data is available for this year.$6.54$0.31$6.23$1.90$1.78$0.11
2014Summary only. Only limited summary data is available for this year.$6.45$0.29$6.16$2.24$2.20$0.04
2013Summary only. Only limited summary data is available for this year.$4.20$0.30$3.90$1.52$1.42$0.10