2024-06-13T11:50:47-07:00 2023-07-31 472003029 Curran & Company LLC 3211 Eastern Avenue Baltimore MD 21224 990 2022-08-01 521555346 Maryland Bible College and Seminary Inc MARY 4104882606 6023 Moravia Park Drive Baltimore MD 21206 Peter Taggart COO 4104882606 2023-11-28 true Peter Taggart 999009999 true Timothy Curran CPA P01718818 4108142463 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Peter Taggart 6023 Moravia Park Drive Baltimore MD 21206 1169873 false X HTTPS://MBCS.EDU X 1987 MD To provide undergraduate and graduate level education in the field of religion. 7 7 5 20 0 0 10389 904753 257490 251463 0 17 -8483 907 259396 1157140 0 0 173383 104824 0 0 154333 252038 327716 356862 -68320 800278 20082 796731 205699 182070 -185617 614661 To provide undergraduate and graduate level education in the field of religion. false false 204816 0 251463 As an indigenous ministry, Maryland Bible College and Seminary ("MBC&SX or "the College") exists under the spiritual covering of Greater Grace World Outreach ("Greater Grace"). This unique and synamic relationship bewteen the Greater Grace local church allows MBC&S students to correlate classroom education with field training. Graduates often co-labor with Greater Grace and other local churches in church planting and assist with 550 affiliated churches worldwide in missions, leadership training, evangelistic outreach and christian day schools. On January 5, 1988, the State board for higher education recognized that MBC&S satisfied all critera for the status of a religious degree-granting institution as set forth in Section 12-203 of the Educational Article. As such, MBC&S may operate and grant degrees in religious disciplines without a certificate of approval. MBC&S is a nonaccredited institution. 204816 true false false false false false false false false false true false false true true true true true true false false false false false false false false false false false false false false false false true false false true false false false false true false false false true 0 0 5 true false false false false false false false false false false false false X 7 7 false false false false false true false true true false false true true true true true true true false false MD X Peter Taggart 4104882606 6023 Moravia Park Drive Baltimore MD 21206 Robert Colban Elder 0.00 X X 0 0 0 Peter Taggart COO 1.00 X X X 0 62846 0 Douglas Brooks Trustee 1.00 X 0 0 0 Peter Westera Trustee 1.00 X 0 0 0 Barry Quirk Trustee 1.00 X 0 56846 0 Craig Pereira Trustee 1.00 X 0 0 0 Isaac Hoffses Trustee 1.00 X 0 0 0 0 119692 0 false false false 37634 867119 95000 904753 Tuition and fees 611310 251463 0 0 251463 17 0 17 13640 0 12733 907 0 907 1157140 251463 0 924 100571 26134 74437 0 4253 1105 3148 0 41 0 41 0 2820 0 2820 0 82 0 82 0 1053 0 1053 0 2124 0 2124 0 156045 95000 61045 0 2564 2504 60 0 1865 0 1865 0 Housing 68525 68525 0 0 Student Costs 9743 9743 0 0 Bad Debt Expense 1805 1805 0 0 Bank Fees 403 0 403 0 4968 0 4968 0 356862 204816 152046 0 5427 5445 772000 12942 13257 228851 227503 1713 1348 0 4681 20082 796731 11821 16622 193878 165448 205699 182070 X -185617 614661 -185617 614661 20082 796731 800278 X X false true X true false X 0 0 0 0 0 0 0 0 0 0 79420 79420 0 0 113442 112094 1348 0 35989 35989 0 1348 Housing Deposit 4681 4681 Advance from Related Party 165448 165448 X 1157140 1157140 1157140 356862 356862 356862 Pt X, Line 2 THE COLLEGE IS A WHOLLY OWNED SUBSIDIARY OF GREATER GRACE, WHICH IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. ASC 740, INCOME TAXES, PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY TO BE REALIZED UPON ULTIMATE SETTLEMENT. THE COLLEGE HAS CONSIDERED ITS INCOME TAX POSITIONS, INCLUDING ANY POSITIONS THAT MAY BE CONSIDERED UNCERTAIN BY THE RELEVANT TAX AUTHORITIES IN THE JURISDICTIONS IN WHICH THE COLLEGE OPERATES. AS OF JULY 31, 2023, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS. THE COLLEGE RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS AN EXPENSE WHEN INCURRED. THE COLLEGE DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JULY 31, 2023. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. MANAGEMENT BELIEVES THE COLLEGE HAS NO NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JULY 31, 2023. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS. true true true false false true true false false false false false false false false false false true Line 3 The College has publicized its racially nondiscriminatory policy during the registration period through the use of its website and its catalog. Line 4d Maryland Bible College & Seminary does not ask for or collect information regarding ethnicity or race in either its admissions process or its registration process. Peter Taggart President of Moravia Park Community 40800 Moravia Park Community Development Coporation owns false Sched L, Part IV (B) President of Moravia Park Community Development Corporation Sched L, Part IV (D) Moravia Park Community Development Corporation owns and operates Moravia Arms Apartments. Maryland Bible College and Seminary holds several leases for residential properties fro Moravia Park Community Development Corporation and incurred rent expense for the year ended. X 1 95000 Fair market value false false false Pt VI, Line 7a The governing body is appointed by the Board of Elders of Greater Grace World Outreach. Pt VI, Line 11b The Form 990 is reviewed by the Chief Financial Officer and is distributed to the Board of Trustees for review prior to filing with the IRS. Pt VI, Line 12c The College maintains and cultivates an atmosphere of inquiry and openness and regularly conducts staff meetings in which potential conflicts are discussed. Pt VI, Line 15a The top management officials are compensated by the reporting organization. The reporting organization relies on Greater Grace, a related organization, to establish compensation for the top management officials. Pt VI, Line 19 The College makes its governing documents, conflicts of interest policy, and financial statements avialable to the public upon request. Pt XII, Line 2c The process did not change from the prior year. Greater Grace World Outreach 6025 Moravia Park Drive Baltimore MD 21206 521528186 Non-demonintational church MD 501(c)(3) Line 1 NA false false false true false true false false false false false false false true true true false false true true Greater Grace World Outreach E 165448 Book Value Greater Grace World Outreach C 772000 Fair Value Greater Grace World Outreach N 95000 Fair Value Form 990 Schedule R Part V Line 2(1) The College was formerly a division of Greater Grace until September 1987 at which time the College was formally incorporated as a religious corporation under the laws of the state of Maryland, and from then forward the College was treated as an affiliate of Greater Grace. The College's revenues and expenses run through Greater Grace's operating bank account. In addition, Greater Grace shares facilities and supplies with the College by providing fundraising, finance, IT, security, and housekeeping support.