Nonprofit · EIN 54-1779894
FAITH BIBLE COLLEGE
Tax-exempt · NORFOLK, VA 23502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $318,884 | $220,026 | $98,858 | $150,988 | $50,147 | $100,841 |
| June 30, 2024 | 990 | $248,443 | $277,167 | -$28,724 | $109,831 | $107,848 | $1,983 |
| June 30, 2023 | 990-EZ | $169,358 | $270,292 | -$100,934 | $161,793 | $131,085 | $30,708 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $313,284
- Program service revenue
- $5,600
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $148,643
- Salaries, compensation and benefits (total)
- $152,859
- Professional fundraising fees
- $0
- Occupancy
- $33,544
- Program services (functional)
- $167,060
- Management and general (functional)
- $31,780
- Fundraising (functional)
- $21,186
Balance sheet and other
- Total assets, start of year
- $109,831
- Total assets, end of year
- $150,988
- Total liabilities, end of year
- $50,147
- Net assets, end of year
- $100,841
- Land, buildings and equipment
- $4,118
- Net assets without donor restrictions
- $100,841
- Gross receipts
- $318,884
- Employees
- 1
- Volunteers
- 7
- Year formed
- 1995
- State of legal domicile
- VA
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 |
|---|---|---|---|
| BARBARA ADAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID BATES | BOARD MEMBER Trustee or director | 1 | $0 |
| GREG JOHNSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| DR KEVIN NEWMAN | PRESIDENT Trustee or director, Officer | 40 | $0 |
| MOGUO SUN | BOARD MEMBER Trustee or director | 1 | $0 |
| SHANNON TERHUNE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CONLEY WHITE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID ZACHARIAS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR KEVIN NEWMAN | PRESIDENT Trustee or director, Officer | 40 | $23,400 | $27,498 |
| BARBARA ADAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID BATES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG JOHNSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MOGUO SUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHANNON TERHUNE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CONLEY WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| M ANN WRIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID ZACHARIAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990-EZ for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN NEWMAN | PRESIDENT | 0 | $45,994 |
| SHANNON TERHUNE | CHAIRMAN | 0 | $0 |
| GREG JOHNSTON | SECRETARY | 0 | $0 |
| MOGUO SUN | BOARD MEMBER | 0 | $0 |
| BARBARA ADAMS | BOARD MEMBER | 0 | $0 |
| DAVID BATES | BOARD MEMBER | 0 | $0 |
| CONLEY WHITE | BOARD MEMBER | 0 | $0 |
| ANN WRIGHT | BOARD MEMBER | 0 | $0 |
| DAVID ZACHARIAS | BOARD MEMBER | 0 | $0 |
| DARLA BOLGER | BUSINESS MANAGER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 6330 NEWTOWN RD STE 211, NORFOLK, VA 23502-4804
- Principal officer (990 for 2024)
- SHANNON TERHUNE, 6330 NEWTOWN ROAD, STE 211, NORFOLK, VA 23502
- Signed the 990
- SHANNON TERHUNE, CHAIRMAN
- Phone
- (757) 423-2095
- Website
- WWW.FAITHBIBLECOLLEGE.COM
- Return prepared by
- DAVID C MOJA CPA
Mission
FBC EXISTS TO EQUIP CHRISTIAN STUDENTS TO BE GROUNDED IN THE WORD, GROWING IN CHRIST, AND GIVING BACK TO THE CHURCH.
Program accomplishments
- TUITION: THE SCHOOL ENROLLS STUDENTS IN ITS ACADEMIC PROGRAMS FROM FALL THROUGH SUMMER.Expenses $167,060 · revenue $5,600
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
- 54-1779894
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $150,988
- Income (IRS master file)
- $318,884
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $318,884 | $220,026 | $150,988 | IRS |
| 990 | June 2024 | $248,443 | $277,167 | $109,831 | XML |
| 990-EZ | June 2023 | $169,358 | $270,292 | $161,793 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 54-1779894).
Questions about FAITH BIBLE COLLEGE
- What is the EIN of FAITH BIBLE COLLEGE?
- The employer identification number (EIN) of FAITH BIBLE COLLEGE is 54-1779894.
- Is FAITH BIBLE COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to FAITH BIBLE COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAITH 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 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 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 BIBLE COLLEGE?
- The 990 for the year ended June 30, 2025 names SHANNON TERHUNE.
- Who are the officers and directors of FAITH BIBLE COLLEGE?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does FAITH BIBLE COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $318,884, expenses of $220,026 and total assets of $150,988 at year end.
Other nonprofits in NORFOLK
- OLD DOMINION UNIVERSITY RESEARCH FOUNDATION EIN 54-6068198 · last filed 990 for 2025
- OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION EIN 54-6052014 · last filed 990 for 2024
- NORFOLK ACADEMY EIN 54-0551901 · last filed 990 for 2025
- NORFOLK COLLEGIATE SCHOOL EIN 54-0806413 · last filed 990 for 2025
- EASTERN VIRGINIA MEDICAL SCHOOL FOUNDATION EIN 23-7053028 · last filed 990 for 2025
- NORFOLK STATE UNIVERSITY FOUNDATION INC EIN 23-7235954 · last filed 990 for 2024
- NORFOLK CHRISTIAN SCHOOLS EIN 54-0573503 · last filed 990 for 2025
- JAMES BARRY ROBINSON HOME FOR BOYS TRUST EIN 54-0594700 · last filed 990 for 2025