Overview
What is Veritas Baptist College Inc?
Veritas Baptist College Inc is a nonprofit institution based in Lawrenceburg, Indiana. Its primary mission is to aid local churches in equipping Christians to fulfill the Great Commission. The college provides higher education, emphasizing academic excellence, spiritual development, and preparation for ministry, both lay and professional. The faculty and administration have a dedicated approach, establishing personal mentoring relationships with students to cater to their unique needs. Veritas Baptist College has graduated students in various states, territories, and countries, with a focus on training leaders, pastors, and missionaries. In the 2021-2022 school year, the institution served 251 students, prioritizing affordability and flexibility to ensure no financial barrier hinders Christian servants. Veritas Baptist College fosters connections with like-minded believers globally while encouraging local service.
Official website here: www.vbc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star Rating
Veritas Baptist College Inc has achieved an impressive 91% rating from Charity Navigator, which reflects strong accountability and financial health. The organization scores particularly well on its Accountability & Finance metrics, indicating a high level of transparency and responsible management of resources. Notably, 88% of its board members are independent, contributing to effective oversight.
The college exhibits numerous strengths in its governance practices, including a fully transparent conflict of interest policy, whistleblower protections, and regular documentation of board meeting minutes. Financially, it maintains a low liabilities-to-assets ratio of 24.03%, which suggests a solid financial foundation. The program expense ratio indicates that a significant portion of its budget is directed towards its educational initiatives, promoting its mission effectively.
However, the program expense ratio of 65.75% could raise some questions about the proportion of funds utilized for program services versus administrative costs. While this percentage demonstrates a commitment to programming, it leaves room for improvement to maximize impact. Overall, Veritas Baptist College Inc demonstrates strong accountability and financial practices, positioning itself as a responsible steward of donor funds.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Veritas Baptist College Inc?
100% of 27 reviewers on Facebook recommend Veritas Baptist College Inc. Here is a summary of their reviews:
Many individuals express a positive sentiment towards the college, highlighting its strong spiritual environment, quality academic programs, and the supportive nature of the faculty. The affordability of the institution is also a significant aspect that users appreciate, making it an attractive option for prospective students.
Overall, the feedback conveys a sense of satisfaction and confidence in the college’s ability to provide a well-rounded education that aligns with both spiritual and academic goals.
This AI summary has been generated from reviews found on Facebook.
Is Veritas Baptist College Inc legitimate?
Veritas Baptist College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veritas Baptist College Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $144,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $605,221
For more financial information, click here
Official website here: www.vbc.edu
What is the mission statement of Veritas Baptist College Inc?
Veritas Baptist College's mission is centered around equipping men and women for dynamic Christian service and leadership in Bible-believing churches. This is achieved through higher education that emphasizes academic excellence, spiritual development, and preparation for ministry, both lay and professional. The college aims to aid local churches in their task of equipping Christians to fulfill the Great Commission. It offers various programs and specializations to train leaders, workers, pastors, and missionaries, as well as providing continuing education for church staff members. Veritas Baptist College also offers opportunities for spiritual growth and enrichment, and its faculty and administration develop personal mentoring relationships with students to focus on their unique personal and ministry needs. The college has graduated students in various states and countries, and its education is designed to be affordable and flexible, allowing students to serve locally while connecting globally with like-minded believers.
Official website here: www.vbc.edu
Who is the CEO of Veritas Baptist College Inc?
Mike Lester is the President/Di of Veritas Baptist College Inc.
Official website here: www.vbc.edu
What is the revenue of Veritas Baptist College Inc?
Veritas Baptist College Inc's revenue in 2022 was $1,024,760.
Official website here: www.vbc.edu
Who are the executives of Veritas Baptist College Inc and what are their salaries?
The average compensation at Veritas Baptist College Inc during 2022 was $13,386. There are 56 employees and 9 volunteers at Veritas Baptist College Inc.
Here are 12 key members and their salaries:
- Compensation: $56,918
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- Other: $26,667
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Official website here: www.vbc.edu
Where can I find the form 990 for Veritas Baptist College Inc?
Veritas Baptist College Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vbc.edu
Learn more at the official website: www.vbc.edu
Mission Statement of Veritas Baptist College Inc
Veritas Baptist College, a higher education institution, is dedicated to preparing men and women for dynamic Christian service and leadership in Bible-believing churches. Their mission is to equip students with academic excellence, spiritual development, and ministry preparation, catering to both lay and professional roles. The college aims to contribute to local churches in fulfilling the Great Commission by nurturing believers to serve effectively in their respective ministries. The ultimate objective is not merely imparting academic knowledge; it's about leading each student towards spiritual maturity and Christ-likeness.
Veritas Baptist College organizes its curriculum to achieve this objective in four ways. Firstly, it trains leaders and workers for local churches and Christian schools. Secondly, it prepares pastors and missionaries to establish and lead local churches. Thirdly, it offers continuing education for pastors and church staff members serving in local churches. Lastly, it provides Christians with opportunities for spiritual growth and enrichment. Since its inception in 1984, the college has graduated students from various states and countries, demonstrating its commitment to equipping Christians worldwide.
In line with its mission, Veritas Baptist College fosters personal mentoring relationships between its faculty and students, focusing on each student's unique personal and ministry needs. The college's faculty and administration have consistently demonstrated this dedication, contributing to the growth and development of over 334 graduates across six programs and 20 specializations. In the 2021-2022 academic year, the college had the privilege of training 251 students. Veritas Baptist College believes that the cost of education should not be a barrier to Christ's servants, and it strives to keep its education affordable and flexible, allowing students to connect with like-minded believers globally while serving locally.
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Impact
October, 2024
Veritas Baptist College Inc significantly impacts the Christian community by equipping men and women for effective service and leadership within Bible-believing churches. The college's mission emphasizes a comprehensive approach to education that blends academic excellence with spiritual growth and practical ministry preparation.
By fostering personal mentoring relationships, Veritas ensures that students receive support tailored to their individual ministry needs. This personalized education encourages the development of spiritual maturity and Christ-likeness, crucial elements for those aspiring to take on roles within their churches and communities.
Since its inception in 1984, Veritas has produced 334 graduates who are actively contributing to churches across 46 states, two U.S. territories, and 15 foreign countries. The training offered extends beyond initial education; it includes continued education opportunities for pastors and church staff, ensuring that the leaders remain well-equipped for their roles.
The college upholds a belief that education should be accessible, enabling students to study locally while engaging with a global community of like-minded believers. Testimonials from graduates highlight how Veritas not only equips them with degrees but also fosters lasting relationships and personal growth, shaping their identity and purpose in Christ’s service.
Through its curriculum and commitment to affordable, flexible education, Veritas Baptist College is effectively empowering a new generation of Christian leaders dedicated to fulfilling the Great Commission.
This information is meant to be a general summary of Veritas Baptist College Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $40
- Program Service Revenue: $1,007,999
- Gross Receipts: $1,024,760
Assets and Liabilities:
- Total Assets: $617,304
- Total Liabilities: $89,319
- Net Assets: $527,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$1,007,999
Organization Details
Founding Year
2010
Principal Officer
Mike Lester
Main Address
208 WALNUT STREET SUITE 115, LAWRENCEBURG, IN, 47025
Website
www.vbc.eduNTEE Category
Code: B50 - Education
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