2024-05-13T15:10:42-05:00 2023-06-30 481195228 KELLER & OWENS LLC 10955 LOWELL AVE STE 800 OVERLAND PARK KS 66210 990 2022-07-01 561388743 CAROLINA COLLEGE OF BIBLICAL STUDIES CARO 9103235614 817 S MCPHERSON CHURCH ROAD FAYETTEVILLE NC 28303 BILL KORVER PRESIDENT 9103235614 2024-05-07 1 BILL KORVER 999009999 0 RICH A BILI P00310364 9133383500 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BILL KORVER 817 S MCPHERSON CHURCH ROAD FAYETTEVILLE NC 28303 2009579 0 X WWW.CCBS.EDU X 1982 NC CAROLINA COLLEGE OF BIBLICAL STUDIES EXISTS TO DISCIPLE CHRIST-FOLLOWERS, THROUGH BIBLICAL HIGHER EDUCATION, FOR A LIFETIME OF EFFECTIVE SERVANT LEADERSHIP. 11 10 55 10 0 0 516222 1080155 841619 869661 45644 27347 2108 -19410 1405593 1957753 39881 39024 0 0 821247 886702 0 0 105225 491210 583690 1352338 1509416 53255 448337 3505236 3887905 193244 103773 3311992 3784132 CAROLINA COLLEGE OF BIBLICAL STUDIES EXISTS TO DISCIPLE CHRIST-FOLLOWERS, THROUGH BIBLICAL HIGHER EDUCATION, FOR A LIFETIME OF EFFECTIVE SERVANT LEADERSHIP. 0 0 945919 39024 880452 TO EDUCATE INDIVIDUALS TO KNOW AND APPLY GOD'S WORD IN THE CONTEXT OF EFFECTIVE LOCAL CHURCH MINISTRY. 945919 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 162 0 55 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 9103235614 817 S MCPHERSON CHURCH ROAD FAYETTEVILLE NC 28303 ANNA BARRETT DIRECTOR 0.50 X 0 0 0 BILL KORVER PRESIDENT 40.00 X X 85768 0 59200 BRAD HALEY TREASURER 0.50 X X 0 0 0 DAVID TAUBER DIRECTOR 0.50 X 0 0 0 DEB BRUTON DIRECTOR 0.50 X 0 0 0 FRED BERKHEIMER CHAIRMAN 0.50 X X 0 0 0 JIM RICKMAN DIRECTOR 0.50 X 0 0 0 LARRY POWERS SECRETARY 0.50 X X 0 0 0 TODD C CONORMON VICE-CHAIR 0.50 X X 0 0 0 OLIN SAUNDERS DIRECTOR 0.50 X 0 0 0 RICHARD HOVATER VP OF FINANCE 40.00 X 45566 0 0 131334 0 59200 0 0 0 0 0 132690 124863 822602 153000 1080155 TUITION AND FEES 611310 858531 858531 SCHOOL & ALUMNI ACTIVI 611310 11130 11130 869661 27347 27347 21625 132690 51826 -30201 -30201 MISCELLANEOUS 611310 10791 10791 10791 1957753 880452 0 -2854 39024 39024 199672 109819 65892 23961 25639 14101 8461 3077 597627 328695 197217 71715 9830 9830 53934 29664 17798 6472 34578 34578 5731 5731 5847 5847 125114 125114 25271 17925 7346 43869 31731 12138 57837 24565 33272 14781 7736 7045 26357 26117 240 79113 19778 59335 15517 11638 3879 STUDENT SERVICES 69997 64657 5340 BOOK & LIBRARY EXPENSES 49637 49637 BAD DEBT 25977 25977 DUES & SUBSCRIPTIONS 4064 4064 1509416 945919 458272 105225 X 205059 154956 813867 656297 41065 18753 3214178 679423 1941347 2534755 489776 508219 14122 14925 3505236 3887905 42837 32003 150407 71770 193244 103773 X 2800413 3223093 511579 561039 3311992 3784132 3505236 3887905 448337 23803 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 489776 49234 25060 5731 508219 569570 -73472 6322 489776 468867 125446 18680 6063 569570 473928 18738 18360 5439 468867 480027 17491 18080 5510 473928 0.60804 0.39196 1 0 710222 710222 2276659 496253 1780406 227297 183170 44127 2534755 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 508219 F 508219 X 1988627 23803 51826 75629 1912998 5731 39024 44755 1957753 1516487 51826 51826 1464661 5731 39024 44755 1509416 PART V, LINE 4: ENDOWMENT FUNDS HAVE BEEN ESTABLISHED PRIMARILY TO BE USED AS SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TAXES, IF ANY, ON UNRELATED BUSINESS INCOME. IN ADDITION, THE COLLEGE IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE COLLEGE HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10 AS IT MIGHT APPLY TO THE COLLEGE'S FINANCIAL TRANSACTIONS. THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION THAT IS BENEFICIAL TO THE COLLEGE, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO THE TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023, AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 51,826. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS GIVEN 39,024. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 51,826. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS GIVEN 39,024. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS PUBLISHED ANNUALLY IN THE COLLEGE CATALOG. THE COLLEGE CATALOG IS AVAILABLE AT THE COLLEGE IN HARD COPY AND ON THE WEBSITE. GOLF TOURNAMENT 75345 64895 10450 1935 2700 100 3646 GALA 78970 67795 11175 7500 3737 7986 3987 20235 154315 132690 21625 9435 6437 8086 3987 23881 51826 -30201 1 SCHOLARSHIPS TO STUDENTS 14 39024 FMV OF TUITION SCHOLARSHIPS IN THE FORM OF TUITION REDUCTION PART I, LINE 2: THE ORGANIZATION GAVE NON-CASH TUITION REDUCTION SCHOLARSHIPS TO STUDENTS. THE ORGANIZATION HAS SET CRITERIA FOR SCHOLARSHIP RECIPIENTS. GARY BARRETT FATHER OF BOARD MEMBER & EMPLOYEE OF ORGANIZATION 25638 COMPENSATION 0 X 1 153000 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION UTILIZES THE SERVICES OF A STOCK BROKER AND A REAL ESTATE BROKER TO SELL APPLICABLE NONCASH DONATIONS. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE GOVERNING BODY ARE INVITED TO ASK QUESTIONS ABOUT THE FORM 990, HOWEVER THERE IS NO REQUIREMENT THAT THE GOVERNING BODY APPROVE THE FORM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL EMPLOYEES AND BOARD MEMBERS TO DISCLOSE ANY REAL OR APPARENT CONFLICTS OF INTEREST. A COPY OF THE POLICY IS PROVIDED ANNUALLY ALONG WITH A FORM TO DISCLOSE ANY CONFLICTS AND CERTIFY RECEIPT OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE PRESIDENT AND ALSO APPROVES THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.