Civic Intelligence

Alaska Bible College

990 • Fiscal year 2016 • EIN 94-3255546

Jun 01, 2015 to May 31, 2016 • Filed on Nov 07, 2016

248 E Elmwood AvePalmer, AK 99645

(907) 745-3201

Siviq Scores

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

Liabilities / Assets

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

77th percentile

0.52x

Higher debt load relative to revenue than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

3rd percentile

-99%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

40th percentile

$34,900

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

6th percentile

-22%

Faster asset growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-13%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,686,994

Down $768,374 (-22%) from 2015

Net Assets

Down

$2,282,653

Down $766,497 (-25%) from 2015

Liabilities

Down

$404,341

Down $1,877 (-0.5%) from 2015

Revenue

Down

$770,952

Down $113,793 (-13%) from 2015

Expenses

Up

$1,537,449

Up $539,957 (+54%) from 2015

Net Income

Down

-$766,497

Down $653,750 (-580%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,520,706Liabilities 2010: $25,762Net Assets 2010: $2,494,9442010Assets 2011: $3,580,974Liabilities 2011: $382,608Net Assets 2011: $3,198,3662011Assets 2012: $3,022,627Liabilities 2012: $53,479Net Assets 2012: $2,969,1482012Assets 2013: $3,430,454Liabilities 2013: $87,538Net Assets 2013: $3,342,9162013Assets 2014: $3,307,207Liabilities 2014: $143,172Net Assets 2014: $3,164,0352014Assets 2015: $3,455,368Liabilities 2015: $406,218Net Assets 2015: $3,049,1502015Assets 2016: $2,686,994Liabilities 2016: $404,341Net Assets 2016: $2,282,6532016Assets 2017: $2,600,329Liabilities 2017: $433,189Net Assets 2017: $2,167,1402017Assets 2018: $2,602,370Liabilities 2018: $429,668Net Assets 2018: $2,172,7022018Assets 2019: $2,585,752Liabilities 2019: $372,812Net Assets 2019: $2,212,9402019Assets 2020: $2,643,082Liabilities 2020: $483,342Net Assets 2020: $2,159,7402020Assets 2021: $2,818,507Liabilities 2021: $344,624Net Assets 2021: $2,473,8832021Assets 2022: $3,170,200Liabilities 2022: $299,893Net Assets 2022: $2,870,3072022Assets 2023: $3,033,459Liabilities 2023: $360,400Net Assets 2023: $2,673,0592023Assets 2024: $2,632,965Liabilities 2024: $250,784Net Assets 2024: $2,382,1812024Assets 2025: $2,342,856Liabilities 2025: $241,889Net Assets 2025: $2,100,9672025

Highlighted filing

2016

Assets$2,686,994
Liabilities$404,341
Net Assets$2,282,653

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $879,7622010Expenses 2011: $933,7842011Expenses 2012: $1,021,6742012Expenses 2013: $1,164,9782013Revenue 2014: $973,100Expenses 2014: $1,149,646Net Income 2014: -$176,5462014Revenue 2015: $884,745Expenses 2015: $997,492Net Income 2015: -$112,7472015Revenue 2016: $770,952Expenses 2016: $1,537,449Net Income 2016: -$766,4972016Revenue 2017: $762,277Expenses 2017: $877,790Net Income 2017: -$115,5132017Revenue 2018: $901,350Expenses 2018: $895,788Net Income 2018: $5,5622018Revenue 2019: $977,328Expenses 2019: $937,090Net Income 2019: $40,2382019Revenue 2020: $899,337Expenses 2020: $946,582Net Income 2020: -$47,2452020Revenue 2021: $1,445,284Expenses 2021: $1,160,690Net Income 2021: $284,5942021Revenue 2022: $1,598,571Expenses 2022: $977,160Net Income 2022: $621,4112022Revenue 2023: $661,163Expenses 2023: $904,070Net Income 2023: -$242,9072023Revenue 2024: $747,578Expenses 2024: $1,010,431Net Income 2024: -$262,8532024Revenue 2025: $682,671Expenses 2025: $1,053,682Net Income 2025: -$371,0112025

Highlighted filing

2016

Revenue$770,952
Expenses$1,537,449
Net Income-$766,497
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Nov 7, 2016
Return Version
2015v3.0
Gross Receipts
$787,376
Mission and Program Overview

Mission

The purpose of alaska bible college is to exalt the lord jesus christ and extend his church by biblically training believers to be servant-leaders with christ-like character.

The College molds men and women of God into obedient disciples and capable leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,220,825$2,506,657▼ $714,168
Savings and Temporary Cash Investments$66,296$105,557▲ $39,261
Accounts Receivable$34,860$46,924▲ $12,064
Prepaid Expenses and Deferred Charges$13,462$16,987▲ $3,525
Cash and Non-Interest-Bearing Accounts$82,201$6,633▼ $75,568
Investments in Publicly Traded Securities$4,197$4,236▲ $39
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,455,368$2,686,994▼ $768,374
Other Assets Total$33,527$0▼ $33,527
Liabilities
Unsecured Notes Loans Payable$335,596$364,587▲ $28,991
Accounts Payable and Accrued Expenses$55,618$23,363▼ $32,255
Other Liabilities$15,004$16,391▲ $1,387
Total Liabilities$406,218$404,341▼ $1,877
Net Assets / Fund Balance
Unrestricted Net Assets$2,889,051$2,107,593▼ $781,458
Temporarily Rstr Net Assets$113,266$128,227▲ $14,961
Permanently Rstr Net Assets$46,833$46,833→ $0
Total Net Assets Fund Balance$3,049,150$2,282,653▼ $766,497
Total Liabilities and Net Assets / Fund Balance$3,455,368$2,686,994▼ $768,374

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,144,183$1,542,889$3,687,072
Equipment$62,660$364,991$427,651
Other Land Buildings$38,315$248,878$287,193
Land$261,499-$261,499

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$57,092-▲ $194-$57,286
2014$57,471-▲ $121$500$57,092
2013$57,471-▲ $134$134$57,471
2012$57,893-▲ $178$600$57,471
2011$63,008-▲ $185$5,300$57,893
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David P LeyPresidentFT$31,500$3,400$34,900

Board Members and Trustees

NameTitle
Stan GillespieChairman
Bob LeeInterim President
Mike RoubVice Chairman
Andrew MillerDirector
Byron KohfieldDirector
Marlin BeachyDirector
Michael JohnsonDirector
Chris GatesChief Financial Officer
Josie ThayerSecr./treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$266,514
Program Service Revenue
$507,498
Investment Income
$419
Other Revenue
$-3,479
All Other Contributions
$266,514
Change in Net Assets
$-766,497

Audited Revenue Reconciliation

Revenue per Audited Statements
$762,047
Revenue Not Reported on Financial Statements
$8,905
Revenue Not Reported on Form 990
$107,598
Other Revenue Adjustments
$8,905
Total Revenue per Audited Statements
$869,645
Total Revenue per Form 990
$770,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$641,818
Other Expenses$486,669
Salaries, Compensation, and Employee Benefits$408,962
Total Fundraising Expense$11,588
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$611,389--$611,389
Other Salaries and Wages$272,478$71,387$2,976$346,841
Depreciation Depletion$89,319$39,012$1,468$129,799
Fees for Services Other-$103,582-$103,582
Occupancy$81,284--$81,284
Insurance$52,914--$52,914
Office Expenses$27,570$4,037$3,755$35,362
Current Officers, Directors, Trustees, and Key Employees$34,900--$34,900
Grants to Domestic Individuals$30,429--$30,429
Payroll Taxes$18,783$8,166$272$27,221
Interest$14,281--$14,281
Advertising-$8,623$3,117$11,740
Conferences and Meetings$8,133--$8,133
Travel$8,116--$8,116
Information Technology$2,540$3,372-$5,912
Other Expenses$4,439$2,250-$2,250
All Other Expenses$1,945--$1,945
Total Functional Expenses$1,285,432$240,429$11,588$1,537,449

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,636,142
Total Expenses per Form 990$1,537,449
Expenses per Audited Statements$1,528,544
Expenses Not Reported on Form 990$107,598
Expenses Not Reported on Financial Statements$8,905
Other Expense Adjustments$8,905
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Joy Media MinistriesGlenallen, AK501(c)(3)Donate Kcam Radio Station$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift annuities payable$16,391
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 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, Line 11B: Form 990 Review Process

Form 990 is prepared by an independent CPA firm and management reviews Form 990 with the independent CPA firm prior to the distribution to the Board members. The Board members receive a copy of the Form 990 prior to filing with the Internal Revenue Service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The College regularly and consistently monitors and enforces compliance with the conflict of interest policy annually. The College tracks all transactions between board members and the College, notifying each member of those transactions annually when we send each board member the conflict of interest forms to sign.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The College determines compensation for officers and top management by the independent Board reviewing and approving compensation annually. Compensation is based on comparative salary surveys and contingent on budget considerations. The independent compensation approval is documented in the board minutes.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The College makes its Form 1023 and Form 990 available to the public upon request Form 990 is also available on the website www.guidestar.org for public review.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Alaska Bible College
EIN
94-3255546
Phone
9077453201
Address
248 E ELMWOOD AVE, PALMER, AK 99645

Signing Officer

Name
David P Ley
Title
President
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David P Ley
Formed
1966
Legal Domicile
Ak
Voting Board Members
7
Independent Board Members
7
Employees
37
Volunteers
15

Preparer

Firm
Fosselman & Associates CPAs
Address
610 South Bailey St, Palmer, AK 99645
Preparer
David Porter
Phone
9077450135
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The organization board of directors assumes responsibility for oversight of the audit and its financial statements and selection of an independent accountant. This process has not changed since the prior year.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To generate income to be used for tuition discounts and financial need-based grants.

Part X : FIN48 Footnote

The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statemnents when it is more likely than not, based on technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of May 31, 2016, the College had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.The College files information tax returns. The College is subject to income tax examinations by tax authorities for the current year and certain prior years based on applicable laws and regulations.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Tuition discounts $25329 Rent expense $-16424

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Tuition discounts $25329 Rent expense $-16424

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IRS990/Desc0TUITION AND FEES:Alaska Bible College (ABC) is a small, missions-based, accredited Bible college located in the small community of Palmer in southcentral Alaska. ABC serves 42 students and offers degree and certificate programs which will encourage further development and training in the church or graduate studies. The 4-year Bachelor of Arts degree program provides basic and advanced equipping for ministry or further study in a graduate program. Each B.A. student is a Biblical Studies major and a Christian Ministries second major, with a possible option of choosing an Educational Ministries, Missions, or Pastoral emphasis. The Associates of Arts degree is designed for the student who desires a strong biblical foundation in preparation for further study at another college or effective ministry within the local church. A core of Bible, ministry, and general education courses enable the student to gain a solid foundation for life and ministry. The Bible and Ministry Certificate is a two-year program designed for the student who desires a strong biblical and ministry foundation in preparation for effective ministry within the local church and community. The Bible Certificate is designed for a student who desires a basic understanding of the Bible to prepare for college experience elsewhere or to meet Bible requirements in preparation for missionary service. In addition, the Bible Certificate is intended for students who are unsure of their future and desire basic Bible knowledge.Program expenses include: current research material and books in ABC's Ball Memorial Library - Alaska's largest collection of theological books, up-to-date computers, a work-study program and financial aid, and a variety of activities in the Murdock Campus Center, which contains a lounge, gymnasium, and fitness center.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.34$0.24$2.10$0.68$1.05$0.37
2024Detailed filing. Detailed filing data is available for this year.$2.63$0.25$2.38$0.75$1.01$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.03$0.36$2.67$0.66$0.90$0.24
2022Detailed filing. Detailed filing data is available for this year.$3.17$0.30$2.87$1.60$0.98$0.62
2021Detailed filing. Detailed filing data is available for this year.$2.82$0.34$2.47$1.45$1.16$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.64$0.48$2.16$0.90$0.95$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.59$0.37$2.21$0.98$0.94$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.60$0.43$2.17$0.90$0.90$0.01
2017Summary only. Only limited summary data is available for this year.$2.60$0.43$2.17$0.76$0.88$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.40$2.28$0.77$1.54$0.77
2015Detailed filing. Detailed filing data is available for this year.$3.46$0.41$3.05$0.88$1.00$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.31$0.14$3.16$0.97$1.15$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.09$3.34$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.05$2.97$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.38$3.20$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.03$2.49$0.88