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Faith Baptist Bible College

Ankeny, IA · EIN 47-0394397 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Faith Baptist Bible College reported $11.7 million in revenue and $10.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $76.80 went to program services, $21.69 to management and general costs and $1.51 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 71.9% of the total. The highest compensation it reported for one person was $140,392 (President). 2 people received more than $100,000 in reportable compensation. Revenue rose 64% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $11M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
76.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
21.7%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.5%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.06$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
25.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
71.9%69.9%
Highest reported compensation
Part VII-A, columns D–F
$140,392$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.30%1.28%
People paid over $100,000
Part VII, line 2
28
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
20.813.3
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$4.7M expenses · 56.1% of program spending · revenue $4.1M

Post secondary educational institution - College Students (Fall 2024-438); (Spring 2025-427) The mission of Faith Baptist Bible College is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world. convictions

$394K expenses · 4.7% of program spending · revenue $316K

Graduate education institution - Seminary Students (Fall 2024 - 36); (Spring 2025 - 39) The mission of Faith Baptist Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world

$3.2M expenses · 39.1% of program spending · revenue $3.8M

Auxiliary Operation The auxiliary operations provide essential services to support the college and seminary including residential housing, food services, a book store, and athletic activities in support of the students

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Officer, 40.00 hrs/week
$140,392$0$0$140,392
Vice President, Academic Dean
Officer, 40.00 hrs/week
$102,039$0$0$102,039
Vice President
Officer, 40.00 hrs/week
$98,791$0$0$98,791
Vice President & CFO
Officer, 40.00 hrs/week
$94,368$0$0$94,368
Executive Vice President
Officer, 40.00 hrs/week
$90,423$0$0$90,423
Dean of Seminary
Officer, 40.00 hrs/week
$82,255$0$0$82,255
Vice President
Officer, 40.00 hrs/week
$70,374$0$0$70,374

2 people received more than $100,000 in reportable compensation from Faith Baptist Bible College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $679K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$12M$11M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$12M$11M76.8%$19M$140,392
FY2024 ⓘ$10M$10M74.0%$17M$119,847
FY2023 ⓘ$8.6M$9.3M74.7%$17M$127,150
FY2022 ⓘ$8.8M$8.7M75.6%$18M$117,846
FY2021 ⓘ$9.6M$7.9M76.0%$20M$111,055
FY2020 ⓘ$7.1M$7.5M75.0%$17M$99,932

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5416
  • Volunteers Part I, line 675

Private foundation grants it received

4 private foundations reported grants to Faith Baptist Bible College totaling $32,941 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Faith Baptist Bible College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Faith Baptist Bible College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Iowa

Questions people ask

How much of Faith Baptist Bible College's spending goes to programs?

In the fiscal year ending June 30, 2025, Faith Baptist Bible College reported that 76.8% of its $10.8 million in expenses went to program services, 21.7% to management and general and 1.5% to fundraising (Form 990, Part IX).

How much does Faith Baptist Bible College pay its top executive?

The largest total compensation Faith Baptist Bible College reported for one person in the fiscal year ending June 30, 2025 was $140,392, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Faith Baptist Bible College get its money?

Of $11.7 million in revenue in the fiscal year ending June 30, 2025, 25.3% came from contributions and grants and 71.9% from program service revenue (Form 990, Part VIII).

Is Faith Baptist Bible College a registered charity?

The IRS lists EIN 47-0394397 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202513119349304221 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202443179349307359 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303189349303560 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202213189349307341 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202133199349303338 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202023109349300327 · read the filing

All filings for EIN 47-0394397: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.