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Nonprofit · EIN 81-5070331

CHARIS BIBLE COLLEGES INC

Also known as CHARIS BIBLE COLLEGE

Tax-exempt · WOODLAND PARK, CO 80863

Financials

$21.7M$30M2022
Revenue Expenses · by fiscal year end
Financials of CHARIS BIBLE COLLEGES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2023990$21,683,289$29,979,689-$8,296,400$1,336,232$20,796,383-$19,460,151
Financial details: 990 for the year ended September 30, 2023

Revenue

Contributions, gifts and grants
$9,030,170
Program service revenue
$12,007,512
Investment income
$152,637
Royalties
$22
Net gain from sales of assets
$129,045
Net income from sales of inventory
$459,004
Other revenue
$492,970

Expenses

Grants and similar amounts paid
$1,128,510
Compensation of officers, directors and key employees
$935,484
Other salaries and wages
$14,043,380
Salaries, compensation and benefits (total)
$17,363,876
Professional fundraising fees
$0
Occupancy
$4,436,239
Travel
$1,765,361
Program services (functional)
$28,104,286
Management and general (functional)
$1,500,535
Fundraising (functional)
$374,868

Balance sheet and other

Total assets, start of year
$2,310,840
Total assets, end of year
$1,336,232
Total liabilities, end of year
$20,796,383
Net assets, end of year
-$19,460,151
Land, buildings and equipment
$66,493
Publicly traded securities
$1,015,671
Net assets without donor restrictions
-$22,710,604
Net assets with donor restrictions
$3,250,453
Gross receipts
$22,549,891
Employees
358
Volunteers
1,845
Year formed
2017
State of legal domicile
CO

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 September 30, 2023, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Andrew WommackPresident
Trustee or director, Officer
1$0$436,339$14,771
Billy EpperhartCEO
Trustee or director, Officer
1$0$198,692$29,537
Mike PickettVP
Highest-paid employee
40$0$105,455$8,826
Greg MohrMinistry Ambassador
Trustee or director, Officer
40$78,071$0$24,152

Address and contacts

Address (IRS master file)
800 GOSPEL TRUTH WAY, WOODLAND PARK, CO 80863-8169
Principal officer (990 for 2022)
Billy Epperhart, 800 Gospel Truth Way, Woodland Park, CO 80863
Signed the 990
Billy Epperhart, CEO
Phone
(719) 635-2111
Return prepared by
Capin Crouse LLP

Mission

Charis Bible Colleges, Inc. (CBC) was established to train and equip individuals to carry out the Gospel of Jesus Christ through practical application through mentoring, training, and teaching.

990 for the year ended September 30, 2023

Program accomplishments

  • Charis Bible Colleges has over 1,000 students attending the main campus in Woodland Park, Colorado. Through its world outreach program, it has an additional 37 extension schools with over 950 students across the United States. In addition, Charis Bible Colleges has over 2,000 online and correspondence students. Charis Bible Colleges hosts both public educational events and student experience events. These events help offer a varied educational experience to students and foster greater relationships between the students and staff of the school.
    Expenses $28,104,286 · grants $1,128,510 · revenue $12,007,512

What it must file and when

IRS records say it files Not required (religious organization). Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026Not on file
2023September 30, 2024February 17, 2025Not on file

IRS record

EIN
81-5070331
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
2023
Accounting year ends
September
Files
Not required (religious organization)
Category (NTEE)
Religion-related (X11)
Assets (IRS master file)
$1,336,232
Income (IRS master file)
$22,549,891

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2023$21,683,289$29,979,689$1,336,232XML
990September 2022$14,402,297$29,328,707$2,310,840IRS

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 81-5070331).

Questions about CHARIS BIBLE COLLEGES INC

What is the EIN of CHARIS BIBLE COLLEGES INC?
The employer identification number (EIN) of CHARIS BIBLE COLLEGES INC is 81-5070331.
Is CHARIS BIBLE COLLEGES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to CHARIS BIBLE COLLEGES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHARIS BIBLE COLLEGES INC file?
Form Not required (religious organization).
When is the next return of CHARIS BIBLE COLLEGES INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHARIS BIBLE COLLEGES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2023.
Who is the principal officer of CHARIS BIBLE COLLEGES INC?
The 990 for the year ended September 30, 2023 names Billy Epperhart.
Who are the officers and directors of CHARIS BIBLE COLLEGES INC?
The 990 for the year ended September 30, 2023 lists 4 people; 1 received compensation from the organization.
How much revenue does CHARIS BIBLE COLLEGES INC have?
On its 990 for the year ended September 30, 2023 it reported revenue of $21,683,289, expenses of $29,979,689 and total assets of $1,336,232 at year end.

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