2025-03-05T10:56:38-05:00 2024-05-31 PORTER & ALLISON INC 18701 DENMARK CIR ANCHORAGE AK 99516 990 2023-06-01 943255546 ALASKA BIBLE COLLEGE ALAS 9077453201 248 E ELMWOOD AVE PALMER AK 99674 DAVID LEY PRESIDENT 9077453201 2025-03-04 true false AMANDA MARTTINEN P03303813 9077702727 2025-03-05 2023 2025-03-06 01:10:19Z DAVID LEY 4941 OUTRIGGER DR WASILLA AK 99623 749800 false X WWW.AKBIBLE.EDU X 1966 AK 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. 6 6 30 7 0 318939 292861 411798 440822 -83733 11266 14159 2629 661163 747578 20596 35298 0 574393 659061 0 0 309081 316072 904070 1010431 -242907 -262853 3033459 2632965 360400 250784 2673059 2382181 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. false false 539965 35298 440822 EDUCATE AND INSTRUCT STUDENTS TO TRANSFORM THE WORLD THROUGH MINISTRIES THAT EVANGLIZE, DISCIPLE, AND MEET HUMAN NEEDS.THE MAJORITY OF FULL-TIME STUDENTS LIVE IN THE CAMPUS DOMITORIES. DORM STUDENTS USUALLY EAT TOGETHER IN THE FOOD CACHE (CAFETERIA), WHICH ALSO PROVIDES A COMFORTABLE ATMOSPHERE FOR SOCIAL AND LEISURE ACTIVITIES. 539965 true true false false false false false false false true true false false false true true true false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 30 true false false false false false false false false false false false false X 6 6 false false false false false false false true true false false false true false true false false true false false X ALASKA BIBLE COLLEGE 9077453201 248 E ELMWOOD AVENUE PALMER AK 99645 DAVID LEY PRESIDENT 40.00 X 85717 0 0 AL STRAWN CHAIR/TREASU 1.00 X X 0 0 0 CHRIS GATES VICE CHAIR 1.00 X X 0 0 0 DANIEL HARRIS SECRETARY 1.00 X X 0 0 0 RON SCHROCK BOARD MEMBER 1.00 X 0 0 0 DR VAUGHN HAMMOND BOARD MBR(TH 1.00 X 0 0 0 MARK FLEENOR BOARD MBR(TH 1.00 X 0 0 0 RON WAYNER BOARD MEMBER 1.00 X 0 0 0 85717 false false false 292861 12740 292861 TUITION AND FEES 611600 364071 364071 AUXILIARY INCOME 611600 76751 76751 440822 11266 11266 3450 3450 3450 3450 1374 2222 -848 -848 OTHER 900099 15 15 PRINTING REIMBURSEMENT 900099 12 12 27 747578 439974 14743 35298 35298 84800 84800 525216 258411 266805 49045 13246 35799 41601 9376 32225 14175 14175 7311 832 6479 5510 5510 48953 48953 4942 4939 3 2883 1692 1191 14787 14787 67289 50467 16822 25523 14567 10956 SUPPLIES 41604 41604 DUES AND SUBSCRIPTIONS 24637 13958 10679 REPAIRS AND MAINTENANCE 16827 12120 4707 OTHER 30 30 1010431 539965 470466 0 46673 33780 27 30 1242 140 2253 2253 4808 2107672 922186 1229966 1185486 1748490 1411276 3033459 2632965 9506 11775 4605 2465 240412 231076 105877 5468 360400 250784 X 2485552 2210479 187507 171702 2673059 2382181 3033459 2632965 X -262853 -14701 -13324 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1748628 401 1604423 144606 1777619 -28991 1748628 111585 1916310 -200281 -49995 1777619 89878 21707 111585 46833 49000 -5955 89878 1.00000 true false 330828 330828 1148747 415507 733240 239215 217682 21533 388882 288997 99885 1185486 GIFT ANNUITIES 5468 5468 X 686477 -14701 -33076 -47777 734254 13324 13324 747578 977355 -33076 -33076 1010431 1010431 SCHEDULE D, PAGE 2, PART V, LINE 4 THE COLLEGE MAINTAINS AN ENDOWMENT FUND ESTABLISHED FOR STUDENT SCHOLARSHIPS AND A BOARD DESIGNATED QUASI ENDOWMENT TO SUPPORT FUTURE OPERATIONAL NEEDS SUBJECT TO A SPENDING POLICY ESTABLISHED BY THE BOARD. SCHEDULE D, PAGE 3, PART X THE COLLEGE HAS NO IDENTIFIABLE UNRELATED BUSINESS INCOME SUBJECT TO TAXATION UNDER THE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS 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 THE STATEMENT OF ACTIVITIES. AS OF MAY 31, 2024, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D DIRECT COSTS OF INVENTORY SALES 2,222 STUDENT SCHOLARSHIPS -35,298 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT COSTS OF INVENTORY SALES 2,222 STUDENT SCHOLARSHIPS -35,298 SCHEDULE D, PAGE 4, PART XIII QUASI ENDOWMENT - DURING 2022 THE COLLEGE BOARD OF DIRECTORS CREATED A QUASI ENDOWMENT FUND FROM THE PROCEEDS OF THE SALE OF PROPERTY. THIS AMOUNT THEY INTEND TO HOLD AS THE CORPUS OF THE GENERAL FUND QUASI ENDOWMENT(QUASI ENDOWMENT). INVESTMENT RETURN OBJECTIVES, RISKS PARAMETERS AND STRATEGIES ARE THE SAME AS FOR THEIR OTHER ENDOWMENTS. IN OCTOBER 2023 THE COLLEGE BOARD OF DIRECTORS APPROVED TO RELEASE THE QUASI ENDOWMENT TO UNRESTRICTED FUNDS. true true true true true true true false false false false false false false false false false true true SCHOLARSHIPS TO STUDENTS 35 35298 SCHEDULE I, PAGE 1, PART I, LINE 2 ALL INTERNAL ABC SCHOLARSHIPS MUST BE APPLIED FOR BEFORE BEING AWARDED. SCHOLARSHIPS ARE AWARDED ANNUALLY TO A LIMITED NUMBER OF STUDENTS WHO MEET THE CRITERIA. SCHOLARSHIP RECIPIENTS ARE CHOSEN BASED ON ACADEMIC PERFORMANCE, PERSONAL CHARACTER, OR MINISTRY FOCUS. TO APPLY FOR AN INTERNAL ABC SCHOLARSHIP, STUDENTS MUST HAVE A FNANCIAL NEED AND BE ACCEPTED INTO A DEGREE PROGRAM IN GOOD ACADEMIC STANDING. FORM 990, PAGE 6, PART VI, LINE 11B 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. FORM 990, PAGE 6, PART VI, LINE 12C 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, PAGE 6, PART VI, LINE 15A 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, PAGE 6, PART VI, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 DIRECT COSTS OF INVENTORY SALES 2,222 STUDENT SCHOLARSHIPS -35,298 DIRECT COSTS OF INVENTORY SALES -2,222 STUDENT SCHOLARSHIPS 35,298