Nonprofit · EIN 56-1388743
CAROLINA COLLEGE OF BIBLICAL STUDIES
Tax-exempt · FAYETTEVILLE, NC 28303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,808,122 | $1,635,885 | $172,237 | $4,108,910 | $118,797 | $3,990,113 |
| June 30, 2024 | 990 | $1,556,997 | $1,606,621 | -$49,624 | $3,886,989 | $103,802 | $3,783,187 |
| June 30, 2023 | 990 | $1,957,753 | $1,509,416 | $448,337 | $3,887,905 | $103,773 | $3,784,132 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $516,284
- of which government grants
- $72,416
- Program service revenue
- $1,236,968
- Investment income
- $50,669
- Net gain from sales of assets
- -$1,771
- Net income from fundraising events
- $1,113
- Other revenue
- $4,201
Expenses
- Grants and similar amounts paid
- $28,783
- Compensation of officers, directors and key employees
- $215,863
- Other salaries and wages
- $730,565
- Salaries, compensation and benefits (total)
- $1,030,456
- Professional fundraising fees
- $0
- Accounting fees
- $35,540
- Occupancy
- $64,689
- Travel
- $15,523
- Depreciation
- $66,643
- Program services (functional)
- $1,006,664
- Management and general (functional)
- $507,997
- Fundraising (functional)
- $121,224
Balance sheet and other
- Total assets, start of year
- $3,886,989
- Total assets, end of year
- $4,108,910
- Total liabilities, end of year
- $118,797
- Net assets, end of year
- $3,990,113
- Land, buildings and equipment
- $2,408,578
- Net assets without donor restrictions
- $3,369,558
- Net assets with donor restrictions
- $620,555
- Gross receipts
- $1,820,011
- Employees
- 61
- Volunteers
- 12
- Year formed
- 1982
- State of legal domicile
- NC
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 | Other / benefits |
|---|---|---|---|---|
| BILL KORVER | PRESIDENT Trustee or director, Officer | 40 | $112,260 | $28,800 |
| RICHARD HOVATER | VP OF FINANCE Officer | 40 | $67,056 | $0 |
| BRAD HALEY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DAVID TAUBER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEB BRUTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED BERKHEIMER | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| LARRY POWERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TODD C CONORMON | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| OLIN SAUNDERS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JC BASNIGHT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DONNA MEIXSELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EBON FREEMAN-JAMES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BILL KORVER | PRESIDENT Trustee or director, Officer | 40 | $105,495 | $28,800 |
| RICHARD HOVATER | VP OF FINANCE Officer | 40 | $55,547 | $0 |
| ANNA BARRETT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRAD HALEY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DAVID TAUBER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEB BRUTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED BERKHEIMER | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| LARRY POWERS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| TODD C CONORMON | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| OLIN SAUNDERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CLAUDE HALEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BILL KORVER | PRESIDENT Trustee or director, Officer | 40 | $85,768 | $59,200 |
| RICHARD HOVATER | VP OF FINANCE Officer | 40 | $45,566 | $0 |
| ANNA BARRETT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRAD HALEY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DAVID TAUBER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEB BRUTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED BERKHEIMER | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| JIM RICKMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LARRY POWERS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| TODD C CONORMON | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| OLIN SAUNDERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 817 S MCPHERSON CHURCH RD, FAYETTEVILLE, NC 28303-5157
- Principal officer (990 for 2024)
- BILL KORVER, 817 S MCPHERSON CHURCH ROAD, FAYETTEVILLE, NC 28303
- Signed the 990
- BILL KORVER, PRESIDENT
- Phone
- (910) 323-5614
- Website
- WWW.CCBS.EDU
- Return prepared by
- KELLER & OWENS LLC
Mission
CAROLINA COLLEGE OF BIBLICAL STUDIES EXISTS TO DISCIPLE CHRIST-FOLLOWERS, THROUGH BIBLICAL HIGHER EDUCATION, FOR A LIFETIME OF EFFECTIVE SERVANT LEADERSHIP.
Program accomplishments
- TO EDUCATE INDIVIDUALS TO KNOW AND APPLY GOD'S WORD IN THE CONTEXT OF EFFECTIVE LOCAL CHURCH MINISTRY.Expenses $1,006,664 · grants $28,783 · revenue $1,240,056
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
- 56-1388743
- 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
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42Z)
- Assets (IRS master file)
- $4,108,910
- Income (IRS master file)
- $1,820,011
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,808,122 | $1,635,885 | $4,108,910 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,556,997 | $1,606,621 | $3,886,989 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,957,753 | $1,509,416 | $3,887,905 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $1,405,593 | $1,352,338 | $3,505,236 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | 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 56-1388743).
Questions about CAROLINA COLLEGE OF BIBLICAL STUDIES
- What is the EIN of CAROLINA COLLEGE OF BIBLICAL STUDIES?
- The employer identification number (EIN) of CAROLINA COLLEGE OF BIBLICAL STUDIES is 56-1388743.
- Is CAROLINA COLLEGE OF BIBLICAL STUDIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to CAROLINA COLLEGE OF BIBLICAL STUDIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA COLLEGE OF BIBLICAL STUDIES 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 CAROLINA COLLEGE OF BIBLICAL STUDIES 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 CAROLINA COLLEGE OF BIBLICAL STUDIES 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 CAROLINA COLLEGE OF BIBLICAL STUDIES?
- The 990 for the year ended June 30, 2025 names BILL KORVER.
- Who are the officers and directors of CAROLINA COLLEGE OF BIBLICAL STUDIES?
- The 990 for the year ended June 30, 2025 lists 12 people; 2 received compensation from the organization, the highest $112,260 (BILL KORVER, PRESIDENT).
- How much revenue does CAROLINA COLLEGE OF BIBLICAL STUDIES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,808,122, expenses of $1,635,885 and total assets of $4,108,910 at year end.
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