Nonprofit · EIN 47-0394397
FAITH BAPTIST BIBLE COLLEGE
Tax-exempt · ANKENY, IA 50023
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,712,916 | $10,808,603 | $904,313 | $21,639,583 | $2,871,432 | $18,768,151 |
| June 30, 2024 | 990 | $10,107,714 | $10,397,018 | -$289,304 | $19,924,252 | $2,819,344 | $17,104,908 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,958,069
- Program service revenue
- $8,425,728
- Investment income
- $329,119
- Net gain from sales of assets
- $24,306
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $678,641
- Other salaries and wages
- $4,575,513
- Salaries, compensation and benefits (total)
- $6,528,433
- Professional fundraising fees
- $0
- Legal fees
- $517
- Accounting fees
- $50,540
- Occupancy
- $382,789
- Travel
- $397,661
- Depreciation
- $671,551
- Program services (functional)
- $8,301,219
- Management and general (functional)
- $2,344,278
- Fundraising (functional)
- $163,106
Balance sheet and other
- Total assets, start of year
- $19,924,252
- Total assets, end of year
- $21,639,583
- Total liabilities, end of year
- $2,871,432
- Net assets, end of year
- $18,768,151
- Land, buildings and equipment
- $9,626,582
- Publicly traded securities
- $11,085,754
- Net assets without donor restrictions
- $12,566,305
- Net assets with donor restrictions
- $6,201,846
- Gross receipts
- $12,030,509
- Employees
- 416
- Volunteers
- 75
- Year formed
- 1921
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James R Tillotson | President Officer | 40 | $140,392 |
| Kenneth D Rathbun | Vice President, Academic Dean Officer | 40 | $102,039 |
| Mark L Davis | Vice President Officer | 40 | $98,791 |
| Paul Bray | Vice President & CFO Officer | 40 | $94,368 |
| Martin T Herron | Executive Vice President Officer | 40 | $90,423 |
| Douglas E Brown | Dean of Seminary Officer | 40 | $82,255 |
| Leslie W Whiteley | Vice President Officer | 40 | $70,374 |
| Michael Blackstone | Director Trustee or director | 3 | $0 |
| Steven Bohn | Director, Vice Chairman Trustee or director, Officer | 3 | $0 |
| David Burman Jr | Director & Secretary Trustee or director, Officer | 3 | $0 |
| Tim Capon | Director Trustee or director | 3 | $0 |
| Samuel Choi | Director Trustee or director | 3 | $0 |
| Kenneth R Hansen | Director Trustee or director | 3 | $0 |
| Paul Mann | Director Trustee or director | 3 | $0 |
| Alberto Marquez | Director Trustee or director | 3 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patrick Odle | Director Trustee or director | 3 | $0 |
| Jason Pilchard | Director Trustee or director | 3 | $0 |
| James Randolph | Director & Chairman Trustee or director, Officer | 3 | $0 |
| Dan E Walker | Director Trustee or director | 3 | $0 |
| Anthony Wilson | Director Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James R Tillotson | President Officer | 40 | $119,847 |
| Kenneth D Rathbun | Vice President, Academic Dean Officer | 40 | $86,491 |
| Martin T Herron | Executive Vice President Officer | 40 | $80,917 |
| Paul Bray | Vice President & CFO Officer | 40 | $79,460 |
| Mark L Davis | Vice President Officer | 40 | $71,266 |
| Douglas E Brown | Dean of Seminary Officer | 40 | $60,965 |
| Daniel H Bjokne | Vice President Officer | 40 | $49,518 |
| Michael Blackstone | Director Trustee or director | 3 | $0 |
| Steven Bohn | Director Trustee or director | 3 | $0 |
| David Burman Jr | Director & Secretary Trustee or director, Officer | 3 | $0 |
| Tim Capon | Director & Chairman Trustee or director, Officer | 3 | $0 |
| Samuel Choi | Director Trustee or director | 3 | $0 |
| Kenneth R Hansen | Director Trustee or director | 3 | $0 |
| Paul Mann | Director Trustee or director | 3 | $0 |
| Alberto Marquest | Director Trustee or director | 3 | $0 |
| Patrick Odle | Director Trustee or director | 3 | $0 |
| Jason Pilchard | Director Trustee or director | 3 | $0 |
| James Randolph | Director & Vice Chairman Trustee or director, Officer | 3 | $0 |
| Dan E Walker | Director Trustee or director | 3 | $0 |
| Anthony Wilson | Director Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 NW 4TH ST, ANKENY, IA 50023-2152
- In care of
- % FAIT
- Principal officer (990 for 2024)
- Jim Tillotson, 1900 NW Fourth Street, Ankeny, IA 500232152
- Signed the 990
- Paul M Bray, Vice President and CFO
- Phone
- (515) 964-0601
- Website
- www.faith.edu
- Return prepared by
- DELMAR R MOHLER CPA
Mission
Post secondary and graduate educational institution The mission of Faith Baptist Bible College and Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.
Program accomplishments
- Post secondary educational institution - College Students (Fall 2024-438); (Spring 2025-427) The mission of Faith Baptist Bible College is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world. convictions.Expenses $4,659,206 · revenue $4,071,228
- Graduate education institution - Seminary Students (Fall 2024 - 36); (Spring 2025 - 39) The mission of Faith Baptist Theological Seminary is to equip vocational Christian workers and other servant leaders while inspiring them to take the Word to the world.Expenses $393,516 · revenue $316,395
- 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.Expenses $3,248,497 · revenue $3,807,460
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0394397
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42Z)
- Assets (IRS master file)
- $21,639,583
- Income (IRS master file)
- $12,030,509
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,712,916 | $10,808,603 | $21,639,583 | XML |
| 990 | June 2024 | $10,107,714 | $10,397,018 | $19,924,252 | XML |
| 990 | June 2023 | $8,596,403 | $9,286,281 | $19,602,397 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0394397).
Questions about FAITH BAPTIST BIBLE COLLEGE
- What is the EIN of FAITH BAPTIST BIBLE COLLEGE?
- The employer identification number (EIN) of FAITH BAPTIST BIBLE COLLEGE is 47-0394397.
- Is FAITH BAPTIST BIBLE COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to FAITH BAPTIST BIBLE COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAITH BAPTIST BIBLE COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAITH BAPTIST BIBLE COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAITH BAPTIST BIBLE COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FAITH BAPTIST BIBLE COLLEGE?
- The 990 for the year ended June 30, 2025 names Jim Tillotson.
- Who are the officers and directors of FAITH BAPTIST BIBLE COLLEGE?
- The 990 for the year ended June 30, 2025 lists 20 people; 7 received compensation from the organization, the highest $140,392 (James R Tillotson, President).
- How much revenue does FAITH BAPTIST BIBLE COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,712,916, expenses of $10,808,603 and total assets of $21,639,583 at year end.
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