Civic Intelligence

Southeastern Bible College

990 • Fiscal year 2017 • EIN 63-0338081

Jun 01, 2016 to May 31, 2017 • Filed on Apr 15, 2018

Organization Profilesebc.edu
2545 Valleydale RoadBirmingham, AL 35244

(205) 970-9200

Siviq Scores

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

Liabilities / Assets

65th percentile

0.32x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.85x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

10th percentile

-26%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$86,000

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

2nd percentile

-37%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

1.0%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$6,158,891

Down $3,668,318 (-37%) from 2016

Net Assets

Down

$4,163,625

Down $3,550,356 (-46%) from 2016

Liabilities

Down

$1,995,266

Down $117,962 (-5.6%) from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin10th percentile

Revenue

Up

$2,340,572

Up $23,142 (+1.0%) from 2016

Expenses

Down

$2,941,342

Down $464,544 (-14%) from 2016

Net Income

Up

-$600,770

Up $487,686 (+45%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$15M$10M$5.0M$0Assets 2011: $11,501,760Liabilities 2011: $2,384,888Net Assets 2011: $9,116,8722011Assets 2012: $10,948,633Liabilities 2012: $2,429,748Net Assets 2012: $8,518,8852012Assets 2013: $11,032,887Liabilities 2013: $2,268,603Net Assets 2013: $8,764,2842013Assets 2014: $11,439,470Liabilities 2014: $2,144,448Net Assets 2014: $9,295,0222014Assets 2015: $11,018,390Liabilities 2015: $2,104,138Net Assets 2015: $8,914,2522015Assets 2016: $9,827,209Liabilities 2016: $2,113,228Net Assets 2016: $7,713,9812016Assets 2017: $6,158,891Liabilities 2017: $1,995,266Net Assets 2017: $4,163,6252017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$6,158,891
Liabilities$1,995,266
Net Assets$4,163,625
Open 2017 Filing

Operations Trend

Revenue Growth39th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,724,6092011Expenses 2012: $2,738,0892012Revenue 2013: $2,783,202Expenses 2013: $2,661,171Net Income 2013: $122,0312013Revenue 2014: $3,308,249Expenses 2014: $2,812,162Net Income 2014: $496,0872014Revenue 2015: $2,450,605Expenses 2015: $2,795,426Net Income 2015: -$344,8212015Revenue 2016: $2,317,430Expenses 2016: $3,405,886Net Income 2016: -$1,088,4562016Revenue 2017: $2,340,572Expenses 2017: $2,941,342Net Income 2017: -$600,7702017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2017

Revenue$2,340,572
Expenses$2,941,342
Net Income-$600,770
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 15, 2018
Return Version
2016v3.0
Gross Receipts
$2,340,572
Mission and Program Overview

Mission

The mission of southeastern bible college is to produce graduates who are biblically grounded, spiritually mature and culturally relevant. The vision of the college is to equip servant leaders for christian living and service worldwide through being an institution of academic and spiritual excellence.

Southeastern Bible College, Inc (SEBC) is a four-year baccalaureate, private Christian college that is denominationally unaffiliated. The college opened its doors for classes on May 1, 1935 and received its charter from the State of Alabama to grant degrees in 1950. SEBC provides quality education, balancing biblical truth with an arts and sciences education. SEBC seeks students who are academically motivated and committed to Christian values and standards. SEBC is accredited by the Association for Biblical Higher Education (ABHE) and is a charter member of the Evangelical Council for Financial Responsibility (ECFA).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,994,069$4,500,000▼ $3,494,069
Investments in Publicly Traded Securities$1,494,854$1,629,341▲ $134,487
Savings and Temporary Cash Investments$107,255--
Accounts Receivable$57,085$0▼ $57,085
Pledges and Grants Receivable$55,500$0▼ $55,500
Cash and Non-Interest-Bearing Accounts$95,407$28,445▼ $66,962
Prepaid Expenses and Deferred Charges$21,264--
Inventories for Sale or Use$0--
Total Assets$9,827,209$6,158,891▼ $3,668,318
Other Assets Total$1,775$1,105▼ $670
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,991,850$1,836,016▼ $155,834
Accounts Payable and Accrued Expenses$76,567$114,439▲ $37,872
Other Liabilities$44,811$44,811→ $0
Total Liabilities$2,113,228$1,995,266▼ $117,962
Net Assets / Fund Balance
Unrestricted Net Assets$5,923,924$2,323,524▼ $3,600,400
Permanently Rstr Net Assets$1,518,701$1,498,659▼ $20,042
Temporarily Rstr Net Assets$271,356$341,442▲ $70,086
Total Net Assets Fund Balance$7,713,981$4,163,625▼ $3,550,356
Total Liabilities and Net Assets / Fund Balance$9,827,209$6,158,891▼ $3,668,318

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,742,000-$2,742,000
Land$1,758,000-$1,758,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,562,863$128,648▲ $162,839-$1,596,234
2015$1,930,251$825▼ $8,213-$1,562,863
2014$1,891,842$1,600▲ $72,009-$1,930,251
2013$1,751,321$500▲ $178,751-$1,891,842
2012$1,564,289$1,000▲ $224,762-$1,751,321
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Alex GranadosPresidentFT$86,000$86,000

Board Members and Trustees

NameTitle
Dr Michael WesleyChairman
Banks FarrisVice Chairman
Anne DumasDirector
Dale WallaceDirector
Doug SchauerDirector
Dr Mike D McLemoreDirector
James SpannDirector
Mark JacksonDirector
Robbie WilsonDirector
Kent KelsoMember at Large
Michael JonesMember at Large
Keith SidesSecretary
Dale EllinghausenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$760,646
Program Service Revenue
$1,554,903
Investment Income
$25,023
Other Revenue
$0
All Other Contributions
$760,646
Change in Net Assets
$-600,770

Audited Revenue Reconciliation

Revenue per Audited Statements
$-749,952
Revenue Not Reported on Financial Statements
$3,090,524
Revenue Not Reported on Form 990
$140,938
Other Revenue Adjustments
$3,090,524
Total Revenue per Audited Statements
$-609,014
Total Revenue per Form 990
$2,340,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,485,589
Salaries, Compensation, and Employee Benefits$1,455,753
Total Fundraising Expense$69,756
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,072,077$72,180$48,471$1,192,728
Occupancy$249,738$27,315-$277,053
Depreciation Depletion$220,402$45,143-$265,545
Office Expenses$62,414$92,863$9,316$164,593
Other Expenses$89,901$27,779$1,955$89,901
Payroll Taxes$70,341$15,155$3,287$88,783
Current Officers, Directors, Trustees, and Key Employees$86,000--$86,000
Interest-$84,004-$84,004
Other Employee Benefits$66,818$6,156$4,178$77,152
Fees for Services Other$48,569$21,840-$70,409
Fees for Services Accounting-$68,600-$68,600
Insurance-$59,626-$59,626
All Other Expenses$42,293--$42,293
Advertising$38,688$1,053-$39,741
Travel$10,355$4,694-$15,049
Pension Plan Contributions$8,665$2,425-$11,090
Conferences and Meetings$2,825--$2,825
Fees for Services Legal-$2,566-$2,566
Fees for Service Investment Mgmnt Fees-$6-$6
Total Functional Expenses$2,303,950$567,636$69,756$2,941,342

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
Interest rate swap$33,317
Annuity payment liability$6,010
other post employment benefit liability$5,484
Governance and Compliance

Governance Checklist

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

Form 990, Part VI, Section A, line 8B

“No committee has the authority to act on behalf of the board of directors.”

Form 990, Part VI, Section B, line 11B

“Upon completion of the college's Form 990, copies of the Form 990 are provided to each member of the board of trustees. The board members review the tax return and are free to ask questions or engage in discussion regarding any topic covered in the return at the next board of trustees meeting. Once the governing body has reviewed and approved the form 990, the return is filed with the Internal Revenue Service.”

Form 990, Part VI, Section B, line 12C

“The Board of Trustees provides a questionnaire to be completed by all trustees at their annual meeting. The Audit Committee of the Board reviews the questionnaires to determine if there is any conflict of interest. The conflict of interest policy is included in the employee handbook. Due to the small size of the staff, the administration is aware of anyone who may have a conflict of interest within the institution. It is the responsibility of the employees or officers to immediately notify the administration of any potential conflict of interest. As of May 31, 2017, the organization was not aware of any conflicts of interest.”

Form 990, Part VI, Section B, line 15

“Compensation for officers, key employees, and management is determined on a yearly basis. Before compensation is set, the board of trustees examines the type and amount of work performed by the employee while taking into account the college's prior year income.”

Form 990, Part VI, Section C, line 19

“The college makes all governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Southeastern Bible College
EIN
63-0338081
Phone
2059709200
Address
2545 Valleydale Road, Birmingham, AL 35244

Signing Officer

Name
Chris Ronk
Title
CFO
Phone
2059709200
Signed
2018-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Ronk
Formed
1935
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
13
Employees
79
Volunteers
2

Preparer

Firm
Haynes Downard LLP
Address
2121 2nd Avenue North Suite 400, Birmingham, AL 35203
Preparer
Lewis F Jones Jr
Phone
2052543380
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Impairment loss -3,090,524.”

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“In accordance with FASB ASC 7400, Income Taxes, management has evaluated the College's tax positions and concluded that the College had taken no uncertain tax positions that qualify for recognition of disclosure in the financial statements.”

Part XI, Line 4B - Other Adjustments:

“Impairment loss 3,090,524.”

Raw XML AppendixShowing 400 of 539 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/Desc0Since 1935, Southeastern Bible College has worked to equip men and women for Christian living and service worldwide. Students and SEBC are challenged to be biblically grounded, spiritually mature, and culturally relevant. Students may obtain a bachelor of arts degree in bible & theology or bachelor of arts degree in leadership ministries. A double-major is available in elementary education. Minors are available in eleven subjects.
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt059626
IRS990/InsuranceGrp/TotalAmt059626
IRS990/InterestGrp/ManagementAndGeneralAmt084004
IRS990/InterestGrp/TotalAmt084004
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt025023
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025023
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01494854
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01629341
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07994069
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04500000
IRS990/LandBldgEquipCostOrOtherBssAmt04500000
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of Souteastern Bible College is to produce graduates who are biblically grounded, spiritually mature and culturally relevent. The vision of the college is to equip servant leaders for Christian living and service worldwide through being an institution of academic and spiritual excellence.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01991850
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01836016
IRS990/NetAssetsOrFundBalancesBOYAmt07713981
IRS990/NetAssetsOrFundBalancesEOYAmt04163625
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0140938
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt027315
IRS990/OccupancyGrp/ProgramServicesAmt0249738
IRS990/OccupancyGrp/TotalAmt0277053
IRS990/OfficeExpensesGrp/FundraisingAmt09316
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt092863
IRS990/OfficeExpensesGrp/ProgramServicesAmt062414
IRS990/OfficeExpensesGrp/TotalAmt0164593
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01775
IRS990/OtherAssetsTotalGrp/EOYAmt01105
IRS990/OtherChangesInNetAssetsAmt0-3090524
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04178
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06156
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt066818
IRS990/OtherEmployeeBenefitsGrp/TotalAmt077152
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Food services
IRS990/OtherExpensesGrp/Desc2Other Miscellaneous exp
IRS990/OtherExpensesGrp/Desc3Student Life & Special
IRS990/OtherExpensesGrp/FundraisingAmt02549
IRS990/OtherExpensesGrp/FundraisingAmt11955
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127779
IRS990/OtherExpensesGrp/ProgramServicesAmt079934
IRS990/OtherExpensesGrp/ProgramServicesAmt193644
IRS990/OtherExpensesGrp/ProgramServicesAmt261286
IRS990/OtherExpensesGrp/ProgramServicesAmt389901
IRS990/OtherExpensesGrp/TotalAmt0118714
IRS990/OtherExpensesGrp/TotalAmt193644
IRS990/OtherExpensesGrp/TotalAmt291020
IRS990/OtherExpensesGrp/TotalAmt389901
IRS990/OtherLiabilitiesGrp/BOYAmt044811
IRS990/OtherLiabilitiesGrp/EOYAmt044811
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048471
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt072180
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01072077
IRS990/OtherSalariesAndWagesGrp/TotalAmt01192728
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03287
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015155
IRS990/PayrollTaxesGrp/ProgramServicesAmt070341
IRS990/PayrollTaxesGrp/TotalAmt088783
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02425
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08665
IRS990/PensionPlanContributionsGrp/TotalAmt011090
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01518701
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01498659
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt055500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021264
IRS990/PrincipalOfficerNm0Chris Ronk
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and fees
IRS990/ProgramServiceRevenueGrp/Desc1Auxiliary Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01222780
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1212640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01222780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1212640
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0473893
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0154885
IRS990/PYInvestmentIncomeAmt061286
IRS990/PYOtherExpensesAmt01739989
IRS990/PYOtherRevenueAmt0-10178
IRS990/PYProgramServiceRevenueAmt01792429
IRS990/PYRevenuesLessExpensesAmt0-1088456
IRS990/PYSalariesCompEmpBnftPaidAmt01511012
IRS990/PYTotalExpensesAmt03405886
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02317430
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0-600770
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01554903
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0107255
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02742000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02742000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01562863
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0128648
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01596234
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0258116
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162839
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01930251
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0825
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01562863
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0360000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-8213
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01891842
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01930251
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt035200
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt072009
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01751321
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01891842
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt038730
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0178751
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01564289
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01751321
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt038730
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0224762
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01758000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01758000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0140938
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest rate swap
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Annuity payment liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2other post employment benefit liability
IRS990ScheduleD/OtherRevenuesNotIncludedAmt03090524
IRS990ScheduleD/RevenueNotReportedAmt0140938
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03090524
IRS990ScheduleD/RevenueSubtotalAmt0-749952
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In accordance with FASB ASC 7400, Income Taxes, management has evaluated the College's tax positions and concluded that the College had taken no uncertain tax positions that qualify for recognition of disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Impairment loss 3,090,524.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04500000
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt044811
IRS990ScheduleD/TotalRevenuePerForm990Amt02340572
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-609014
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
IRS990ScheduleE/ComplianceWithRevProc7550Ind01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,158,891
Liabilities
$1,995,266
Net assets
$4,163,625
Revenue
$2,340,572
Expenses
$2,941,342
Net income
-$600,770
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$6.16$2.00$4.16$2.34$2.94$0.60
2016Detailed filing. Detailed filing data is available for this year.$9.83$2.11$7.71$2.32$3.41$1.09
2015Detailed filing. Detailed filing data is available for this year.$11.0$2.10$8.91$2.45$2.80$0.34
2014Detailed filing. Detailed filing data is available for this year.$11.4$2.14$9.30$3.31$2.81$0.50
2013Summary only. Only limited summary data is available for this year.$11.0$2.27$8.76$2.78$2.66$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$2.43$8.52$2.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$2.38$9.12$2.72