Overview
What is Faith Baptist Bible College Inc?
Faith Baptist Bible College Inc is a nonprofit organization that focuses on educating children in a Christian environment. Situated with a commitment to academic excellence, social growth, and moral development, the college caters to students with average or above-average intelligence and abilities. The institution's mission is to nurture and develop these students, ensuring they receive a high-quality education.
Official website here: www.bessemeracademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Faith Baptist Bible College Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating indicates that while the organization has some strengths, there are significant areas that require attention, particularly in accountability and financial transparency. The organization boasts a fully independent board, which is a positive aspect, but it has several missing policies that could enhance governance and accountability.
The college demonstrates strong financial management, reflected in a high program expense ratio of 89.15%, suggesting that the majority of its funding is directed towards its mission. However, the lack of a conflict of interest policy, whistleblower policy, and document retention procedures raises concerns about the organization's governance practices. Additionally, the financial statements are not fully transparent, as they are only available through review or compilation, which limits the insight into the organization’s financial health.
Overall, while Faith Baptist Bible College Inc shows a commitment to its programs and has an independent governance structure, it needs to improve its policy framework and financial transparency to enhance its credibility and trust with donors and stakeholders. Addressing these issues could potentially elevate its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Baptist Bible College Inc legitimate?
Faith Baptist Bible College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Baptist Bible 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,626,240
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Official website here: www.bessemeracademy.com
What is the mission statement of Faith Baptist Bible College Inc?
Faith Baptist Bible College Inc, through its affiliate Bessemer Academy, is dedicated to educating children in a nurturing Christian environment. The institution aims to deliver academic excellence, fostering both intellectual and social growth in its students. The primary objective of Bessemer Academy is to promote the moral development of its pupils, ensuring they receive a well-rounded education.
Official website here: www.bessemeracademy.com
Who is the CEO of Faith Baptist Bible College Inc?
Brooke Nixon is the President of Faith Baptist Bible College Inc.
Official website here: www.bessemeracademy.com
What is the revenue of Faith Baptist Bible College Inc?
Faith Baptist Bible College Inc's revenue in 2023 was $3,470,906.
Official website here: www.bessemeracademy.com
Who are the executives of Faith Baptist Bible College Inc and what are their salaries?
The average compensation at Faith Baptist Bible College Inc during 2023 was $20,077. There are 81 employees and 50 volunteers at Faith Baptist Bible College Inc.
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Official website here: www.bessemeracademy.com
Where can I find the form 990 for Faith Baptist Bible College Inc?
Faith Baptist Bible College Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bessemeracademy.com
Learn more at the official website: www.bessemeracademy.com
Mission Statement of Faith Baptist Bible College Inc
Faith Baptist Bible College Inc, through its Bessemer Academy, is dedicated to educating children in a nurturing Christian environment. The institution's mission is clear: to deliver a top-notch education to students who demonstrate average or above-average intelligence and abilities. The college's objective extends beyond academics, aiming to foster social growth and instill moral values in its students. By providing a setting that promotes academic excellence, social development, and moral guidance, Bessemer Academy aims to shape well-rounded individuals who can make a positive impact in their communities and beyond.
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Impact
July, 2024
Faith Baptist Bible College Inc's impact is focused on educating children in a Christian environment through Bessemer Academy in Bessemer, Alabama. The academy is committed to providing a quality education for students of average and/or above average intelligence and abilities. The mission of Bessemer Academy is to promote academic excellence, social growth, and moral development among its students. This educational institution plays a crucial role in shaping the next generation by instilling Christian values and fostering a nurturing environment for learning and personal growth.
This information is meant to be a general summary of Faith Baptist Bible 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 2023.
- Investment Income: $6,985
- Program Service Revenue: $3,377,921
- Gross Receipts: $3,470,906
Assets and Liabilities:
- Total Assets: $4,031,251
- Total Liabilities: $926,480
- Net Assets: $3,104,771
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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
$3,377,921
Organization Details
Founding Year
1972
Phone
(205) 428-6288Principal Officer
Brooke Nixon
Main Address
1705 4TH AVENUE SW, BESSEMER, AL, 35022
Website
www.bessemeracademy.comNTEE Category
Code: B42Z - Education
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