2025-04-23T17:53:19-05:00 2024-06-30 640903390 GRANTHAMPOOLE PLLC 1062 HIGHLAND COLONY PKY STE 201 RIDGELAND MS 39157 990 2023-07-01 640592533 AFRICAN BIBLE COLLEGES INC AFRI 6019221962 PO BOX 103 CLINTON MS 39060 LEE SONIUS PRESIDENT/CEO 6019221962 2025-04-11 1 0 KAREN WAGNER CPA P00257146 6014992400 2025-04-09 2023 2025-03-06 01:10:19Z LEE SONIUS PO BOX 103 CLINTON MS 39060 3962406 0 X AFRICANBIBLECOLLEGES.ORG X 1976 MS EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS 10 9 16 125 0 0 3748406 2389022 0 0 16694 100723 62418 216213 3827518 2705958 0 0 0 0 1015536 1005408 0 0 126016 2603994 2022315 3619530 3027723 207988 -321765 2935841 2732670 269878 236449 2665963 2496221 EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS 0 0 2387207 EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS IN YEPEKA, LIBERIA, LILONGWE, MALAWI, UGANDA, AND AFRICA SO THAT THEY MAY IN TURN TEACH AND TRAIN OTHERS. 2387207 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 16 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 X THOMAS KAY 6019221962 PO BOX 103 CLINTON MS 39069 NELL CHINCHEN CO-FOUNDER 40.00 X 42289 0 8250 ROB FUTRAL INTERIM EXECUTIVE DIRECTOR 40.00 X X 57000 0 48000 THOMAS KAY JR CHAIRMAN 5.00 X X 0 0 0 MARK D LINSZ DIRECTOR 2.00 X 0 0 0 JAMES L MOORE DIRECTOR EMERITUS 2.00 X 0 0 0 COREY CONKRIGHT DIRECTOR 2.00 X 0 0 0 DR W WILSON BENTON JR DIRECTOR EMERITUS 2.00 X 0 0 0 MARK BAIRD DIRECTOR 2.00 X 0 0 0 REV DR SHELTON SANFORD DIRECTOR 2.00 X 0 0 0 PALMER CHINCHEN DIRECTOR/CHANCELLOR 40.00 X 0 0 0 LEE SONIUS PRESIDENT/CEO 40.00 X 0 0 0 99289 0 56250 0 0 0 0 KURT SCHIMKE 14860 COUNTY RD 35 KARVAL CO 80823 MISSIONARY 149797 REBECCA CHINCHEN 401 CHESTNUT STREET SUITE 200 CHATTANOOGA TN 37402 MISSIONARY 120000 2 2389022 2389022 70960 70960 1286211 1256448 29763 29763 29763 REIMBURSED EXPENSES 900099 216213 216213 216213 2705958 316936 0 0 1005408 827555 177853 38984 4264 34720 22441 22441 3100 2050 1050 140540 47547 92993 46141 46141 77176 32316 44860 10159 10159 10588 10588 15749 7421 8328 SUPPORT TO BIBLE COLLEG 1050769 1050769 PROGRAM SUPPORT FOR MIS 390860 390860 ADMINISTRATIVE COSTS/FE 161657 35641 126016 DUES & SUBSCRIPTIONS 28879 12623 16256 25272 11802 13470 3027723 2387207 514500 126016 153560 267262 19713 19642 403171 89142 324617 314029 2432220 2130162 5731 1575 2935841 2732670 46746 25020 223132 211429 269878 236449 X 964136 485344 1701827 2010877 2665963 2496221 2935841 2732670 X -321765 152022 1 X X 0 1 X 1 0 X 2873104 3352552 3402335 3748406 2389022 15765419 2873104 3352552 3402335 3748406 2389022 15765419 913740 14851679 30648 31370 68050 64189 70960 265217 23844 23849 23849 17887 0 89429 316955 399286 21360 44531 216213 998345 17118410 0.86760 0.91710 X PART II AFRICAN BIBLE COLLEGES, INC (ABC) RECEIVED ITS EXEMPTION AS A 501C3 FOR BIBLE COLLEGES IN AFRICA IN 1977. OVER THE YEARS THERE HAS BEEN GREAT PUBLIC SUPPORT FOR ABC. THEREFORE, ABC HAS COMPLETED PART II OF THIS SCHEDULE PER INSTRUCTIONS SO THAT IT COULD MEET THE SPECIAL RULE FOR SCHEDULE B AND REDUCE THE AMOUNT OF INDIVIDUAL CONTRIBUTIONS THAT WOULD NEED TO BE REPORTED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 403171 89142 314029 314029 MARKETABLE SECURITIES 2130162 F 2130162 X 2835540 152022 1 152023 2683517 22441 22441 2705958 3005282 0 3005282 22441 22441 3027723 PART X, LINE 2: FOOTNOTE IN AUDIT REPORT: GAAP PROVIDES GUIDANCE ON UNCERTAINTY IN INCOME TAXES IN AN ENTITY'S FINANCIAL STATEMENTS, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITION OR ANY RELATED PENALTIES AND INTEREST FOR THE YEAR ENDED JUNE 30, 2024 AND ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THIS IS NOT CONSIDERED NECESSARY BECAUSE THE INSTITUTIONS SERVE THE CONTINENT OF AFRICA, AND CONSEQUENTLY, THE ENROLLMENT OF THE AFRICAN BIBLE COLLEGES IS ALMOST ENTIRELY BLACK. SUB-SAHARAN AFRICA 3 0 PROGRAM SERVICES RELIGIOUS EDUCATION 390860 0 0 0 0 0 0 390860 0 390860 0 0 0 0 0 0 PART I, LINE 2: RELIGIOUS EDUCATION PART 1, LINE 3 ACTIVITIES PER REGION SUB - SAHARAN AFRICA EXPENDITURES: 390,860 INVESTMENTS: $0 X 1 0 X 0 0 0 0 0 0 0 0 0 PART I, LINE 1A NELL CHINCHEN RECEIVED A MINISTERIAL HOUSING ALLOWANCE. IT IS INCLUDED IN NONTAXABLE BENEFITS ON 990, PAGE 7. IT WAS $8,250. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FROM 990 COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR OFFICERS: THE BOARD OF DIRECTORS EVALUATES COMPENSATION OF ALL EMPLOYEES ON AND ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: THE BOARD OF DIRECTORS' SUBCOMMITTEE ON FINANCE AND ADMINISTRATION WILL DETERMINE, ADMINISTER AND HAVE OVERSIGHT OF THE COMPENSATION PACKAGE OF THE ORGANIZATION'S PRESIDENT/CHIEF EXECUTIVE. THE SUBCOMMITTEE'S DUTIES WILL INCLUDE A YEARLY EVALUATION OF THE PRESIDENT'S COMPENSATION. DURING THESE ANNUAL DELIBERATIONS, THE SUBCOMMITTEE WILL CONSIDER INPUT OBTAINED FROM OTHER BOARD MEMBERS, AND FROM OTHER INFORMED SOURCES AND LEADERS ENGAGED IN HIGHER CHRISTIAN EDUCATION. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESSES HAVE NOT CHANGED FROM THE PREVIOUS YEARS.