2012-05-14T15:36:07-07:00 2011-06-30 DELMAR R MOHLER CPA 2455 SCENIC VALLEY DR WEST DES MOINES IA 502657707 990 2010-07-01 470394397 FAITH BAPTIST BIBLE COLLEGE FAIT 5159640601 1900 NW FOURTH STREET ANKENY IA 500232152 DANIEL BJOKNE 5159640601 2012-05-14 DELMAR R MOHLER CPA 5152827250 2012-05-14 X 2010 2016-02-24 21:20:13Z DR JAMES D MAXWELL III 1900 NW FOURTH STREET ANKENY IA 500232152 14825710 false X www.faith.edu X 1921 IA Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to provide an intensive biblical, vocational, and general education on the college and post graduate level with the goal of preparing students to minister effectively in Christian Service in leadership positions. 18 18 288 50 0 757481 1077567 6876816 6541687 1602121 1148646 0 9236418 8767900 1044902 1068006 0 4230008 3370542 6000 54920 3419191 3250793 8694101 7695341 542317 1072559 17313737 18104499 2329493 2047696 14984244 16056803 Post secondary and graduate educational institution false false 3914537 1068006 4168162 POST SECONDARY EDUCATIONAL INSTITUTION - COLLEGE STUDENTS (FALL-325); (SPRING-316) THE MISSION OF FAITH BAPTIST BIBLE COLLEGE IS TO PROVIDE AN INTENSIVE BIBLICAL, VOCATIONAL, AND GENERAL EDUCATION ON THE COLLEGE LEVEL WITH THE GOAL OF PREPARING STUDENTS TO MINISTER EFFECTIVELY IN CHRISTIAN SERVICE THROUGH LEADERSHIP POSITIONS IN AND THROUGH FUNDAMENTAL BAPTIST CHURCHES AND OTHER ORGANIZATIONS OF LIKE CONVICTIONS. FAITH BAPTIST THEOLOGICAL SEMINARY EXISTS TO PROVIDE AN ADVANCED BIBLICAL, THEOLOGICAL, AND MINISTERIAL EDUCATION AT THE GRADUATE LEVEL WITH THE GOAL OF PREPARING BIBLE EXPOSITORS TO SERVE EFFECTIVELY IN CHRISTIAN MINISTRY THROUGH LEADERSHIP POSITIONS WITHIN BAPTIST FUNDAMENTALISM. 296233 256618 GRADUATE EDUCATION INSTITUTION - SEMINARY STUDENTS (FALL - 39); (SPRING - 39) THE MISSION OF FAITH BAPTIST THEOLOGICAL SEMINARY IS TO PROVIDE AN ADVANCED BIBLICAL, THEOLOGICAL, AND MINISTERIAL EDUCATION AT THE GRADUATE LEVEL WITH THE GOAL OF PREPARING BIBLE EXPOSITORS TO SERVE EFFECTIVELY IN CHRISTIAN MINISTRY THROUGH LEADERSHIP POSITIONS WITHIN BAPTIST FUNDAMENTALISM. 1952860 2116907 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. 6163630 true true false false false false false false true true false false false true false true false true false false false false false false false false false true true false false false false false false false false true false false false false false false false false true 82 0 true 288 true false false false false false false false false false true true false false false false X 18 18 false false false false false false false true true false false true true true true true true true true false IA X X DANIEL BJOKNE 5159640601 1900 NW 4TH STREET ANKENY IA 500232152 ROGER BISHOP 3.00 X 0 0 0 JAMES S BRYAN 3.00 X X 0 0 0 ROBERT J FIELDS 3.00 X 0 0 0 JAMES M FRAZIER 3.00 X 0 0 0 MILES GRISMORE 3.00 X 0 0 0 JOSEPH HAYES 3.00 X 0 0 0 ROBERT HOUCHIN 3.00 X 0 0 0 DON JOHNSTON 3.00 X 0 0 0 WILLIAM D LIVENGOOD 3.00 X 0 0 0 PAUL MANN 3.00 X 0 0 0 EUGENE M MATLOCK 3.00 X 0 0 0 IVAN MOORE 3.00 X 0 0 0 CHARLES NILIUS JR 3.00 X 0 0 0 DAVID A PENROD 3.00 X 0 0 0 RONALD J PHILIPS 3.00 X 0 0 0 JAMES RANDOLPH 3.00 X X 0 0 0 GLENN ROHRBACH 3.00 X 0 0 0 ARVIN TARBELL 3 X JAMES D MAXWELL III 40 X X 91942 PATRICK B ODLE 40 X 43482 DANIEL R DARK 40 X X 36701 JOHN HARTOG III 40 X X 86200 JOHN HARTOG II 40 X X 70350 DAN BJOKNE 40 X 328675 0 true false false WELLS FARGO PAYMENT REMITTANCE CENTER P O BOX 6 CAROL STREAM LA 60976 Credit card payments 203812 WELLMARK BLUE CROSS BLUE SHIELD P O BOX 10353 DES MOINES IA 50306 Group medical insurance 308655 JESTER INSURANCE SERVICES 303 WATSON POWELL JR WAY STE 300 DES MOINES IA 503054779 Insurance Broker 115020 MIDAMERICAN ENERGY COMPANY P O BOX 8020 DAVENPORT IA 528088020 Utilities - Gas & electric 177189 REGULAR BAPTIST PRESS 1300 N MEACHAM ROAD SCHAUMBURG IL 601734806 Books and publications 137476 5 1077567 150000 1077567 Tuition and Fees 900099 4396291 Auxiliary enterprises 611710 2116907 Miscellaneous fees 900099 28489 6541687 1005654 6129491 71311 5907810 150000 221681 -78689 142992 142992 8767900 7690333 1068006 1068006 291974 162532 129442 0 0 0 0 0 2430333 2094304 314608 21421 110778 86472 23187 1119 387976 302850 81208 3918 149481 116683 31288 1510 0 0 0 0 0 0 0 0 66500 0 66500 0 0 0 0 0 6000 6000 0 0 0 0 30984 30984 0 0 0 0 0 0 216619 0 216619 0 0 0 0 0 429015 364663 64352 0 112705 85393 14933 12379 0 0 0 0 48269 41297 6972 0 22907 0 22907 0 0 0 0 0 610674 244270 366404 0 120227 104844 15383 0 Supplies 720147 712975 4347 2825 Postage and shipping 32376 26085 3611 2680 Leases 225202 147184 78018 0 Telephone 35183 27735 7205 243 Printing and copies 70395 47985 22410 0 509590 499368 7397 2825 7695341 6163630 1476791 54920 797967 564593 71327 46811 398415 383178 5162 9459 15292493 7439921 8215086 7852572 7825780 9247886 17313737 18104499 126688 99674 1285678 1148822 917127 799200 2329493 2047696 X 10879493 11727874 630973 700221 3473778 3628708 14984244 16056803 17313737 18104499 1072559 X false true true X true true X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3473778 154930 3628708 3245301 228477 3473778 3229658 15643 3245301 true false 387049 387049 9620652 3604076 6016576 3627179 2840021 787158 1657613 995824 661789 7852572 Deferred giving payable 592742 Deposits held for others 26398 Accrued expenses 180060 799200 8767900 7695341 1072559 1072559 8767900 8767900 8767900 7695341 7695341 7695341 Pt V Line 4 The endowment funds generally provide funds for scholarships true true true true true true true false false false false false false false false false false true Line 3 THE INSTITUTION DOES NOT ADVERTISE IN THE NEWSPAPER NOR ARE WE INVOLVED IN THE BROADCAST MEDIA. OUR NONDISCRIMATION POLICY IS CLEARLY STATED IN OUR CATALOG. IT STATES, "ALL QUALIFIED APPLICATIONS WILL BE ACCEPTED REGARDLESS OF RACE, COLOR, AND NATIONAL ORIGIN." true Scholarships funded by endowments,donations and institutional funds 280 1044902 Not applicable Not applicable Pt I Line 2 Not applicable. X true true X X X X X false false false false false false false false false DANIEL R DARK 36701 36701 JOHN HARTOG III 86200 86200 JOHN HARTOG II 70350 70350 X 1 120000 Appraisal report X 1 30000 Discounted appraisal report false true false Pt VI-B, Line 12c Faith baptist Bible College and Theological Seminary Conflict of Interest Policy provides that annually each member of its Board of Directors and Officers shall file a signed Annual Statement with the Secretary fo the Board of Directors acknowledging theat they have received a copy of the Faith Baptist Bible College and Theological Seminary Conflict of Interest Policy with they have read and understood. Further they affirm that they have complied with the policy and understood the requirements they must honor on behalf of Faith Baptist Bible College and Theological Seminary to protect and maintain its federal tax exemption. Pt VI-B, Line 11a The Faith Baptist Bible College and Theological Seminary IRS Form 990 was sent to each member of the Board of Directors prior to being filed with the Internal Revenue Service. The copy sent to each board member electronically was the "Public Inspection Copy" which does not include the information filed with teh Internal Revenue Service as IRS Form 990, Schedule B. Pt VI-B, Line 15 The Faith Baptist Bible College and Theological Seminary Executive Committee of its Board of Directors reviews a summary of compensation levels derived from other Form 990s and other public information sources for its President and Vice Presidents at least once every three years. The data is gathered from various sources including IRS Form 990s, surveys conducted by accrediting organizations, and various other public sources to establish compensation levels at similar institutions based upon organizational mission statements, size, theological similarities, scope of academic offerings, and various other identifying characteristics. The Executive Committee of the Board of Directors meets with the President. Each year the President's annual compensation is established following a similar procedure taking in to account various performance metrics with the comparison to other institutions being considered at least once every three years. The most recent comparison to other institutions took place during 2011. The President meets with the Executive Committee to review the compensation for each of the Vice Presidents using a procedure similar to the process described above is followed to determine annual compensation for each Vice President. At least once every three years comparison data is gathered, reviewd, and documented to assure an appropriate compensation levels for each Vice President. The last review with external comparison data was conducted in 2009. Pt VI-C, Line 19 The Faith Baptist Bible College and Theological Seminary IRS Form 990 is available for public inspection in its offices in Ankeny, Iowa during normal business hours each day from Monday through Friday, except on holidays. Written requests for a copy of the Faith Baptist Bible College and Theological Seminary IRS Form 990 are provided within 30 days of receiving a written request. In addition, the IRS Form 990 provided by the IRS is available to the public within a few months after being filed by the school at www.guidestar.org when one performs a search for Faith Baptist Bible College located in Ankeny, Iowa. For several years, Faith Baptist Bible College and Theological Seminary has filed a copy of its audited financial statements prepared by an independent audit firm with its IRS Form 990. Readers of this statement will find a copy attached to this IRS Form 990.