Overview
What is South Florida Bible College & Theological Seminary Inc?
South Florida Bible College & Theological Seminary Inc, located in Deerfield Beach, Florida, is a nonprofit institution dedicated to educating individuals in the Christian faith. With a mission to prepare men and women for ministry and vocational roles in the secular world, the seminary emphasizes biblical thought and Christian life. The seminary's mission is to serve Christ and His church, with a total of 89 employees. This higher learning institution offers a comprehensive program to equip students for their divine calling.
Official website here: www.sfbc.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Needs Improvement (Two-Star out of Four Star rating)
South Florida Bible College & Theological Seminary Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in several financial and operational areas. While the organization scored well in culture and community aspects, with a score of 93%, its overall score of 62% reflects significant concerns in accountability and finance, particularly in its Program Expense Ratio and Liabilities to Assets Ratio, which received low ratings.
The nonprofit demonstrates strong governance practices, highlighted by a majority of independent board members and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. Moreover, it excels in constituent feedback collection and usage, suggesting that it is responsive to the needs and insights of its community, as indicated by a perfect score in these categories.
However, the financial metrics raise red flags, as the organization shows a low program expense ratio, indicating that a smaller portion of its expenses is directed towards mission-related activities. This, coupled with a less favorable liabilities to assets ratio, suggests that the organization may need to enhance its financial management and transparency to ensure sustainability and instill greater confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is South Florida Bible College & Theological Seminary Inc legitimate?
South Florida Bible College & Theological Seminary Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Florida Bible College & Theological Seminary 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: $170,326
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,049,472
For more financial information, click here
Official website here: www.sfbc.edu
What is the mission statement of South Florida Bible College & Theological Seminary Inc?
South Florida Bible College & Theological Seminary Inc is an institution of higher learning with a focus on preparing individuals for ministry. The Bible serves as the central element in this process, shaping both their thoughts and lives. The mission of the seminary is to equip men and women for various vocations in the secular world and full-time ministry, aiming to strengthen the body of Christ and enable students to carry out their divine callings. The college is dedicated to providing education, resources, and support, ensuring that its graduates are well-equipped to serve Christ and His church effectively.
Official website here: www.sfbc.edu
Who is the CEO of South Florida Bible College & Theological Seminary Inc?
Marv Wilson is the Chancellor of South Florida Bible College & Theological Seminary Inc.
Official website here: www.sfbc.edu
What is the revenue of South Florida Bible College & Theological Seminary Inc?
South Florida Bible College & Theological Seminary Inc's revenue in 2022 was $3,206,392.
Official website here: www.sfbc.edu
Who are the executives of South Florida Bible College & Theological Seminary Inc and what are their salaries?
The average compensation at South Florida Bible College & Theological Seminary Inc during 2022 was $24,942. There are 89 employees at South Florida Bible College & Theological Seminary Inc.
Here are 14 key members and their salaries:
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Official website here: www.sfbc.edu
Where can I find the form 990 for South Florida Bible College & Theological Seminary Inc?
South Florida Bible College & Theological Seminary Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfbc.edu
Learn more at the official website: www.sfbc.edu
Mission Statement of South Florida Bible College & Theological Seminary Inc
South Florida Bible College & Theological Seminary Inc is an esteemed institution of higher learning, with a central focus on the Bible. Its mission is to prepare men and women for various roles in serving Christ and His church. This is achieved through a curriculum that emphasizes biblical thought and the practice of Christian life. The seminary's goal is to equip individuals for specific vocations in the secular world and to prepare others for full-time ministry. By doing so, the body of Christ is edified, and students can fulfill the divine call upon their lives. The seminary's mission is rooted in the belief that the Bible is the primary source of truth and guidance, and its teachings are intended to shape and guide the lives of its students as they embark on their respective ministries.
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Impact
July, 2024
South Florida Bible College & Theological Seminary Inc's impact lies in its dedication to training men and women for ministry and specific vocations in both the secular world and full-time ministry. By emphasizing the centrality of the Bible in their educational programs, the institution equips individuals to serve Christ and His church through biblical thought and Christian life. Through this focus, South Florida Bible College & Theological Seminary is instrumental in edifying the body of Christ and preparing students to fulfill their calling in God's work.
This information is meant to be a general summary of South Florida Bible College & Theological Seminary 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.
- Program Service Revenue: $2,843,212
- Gross Receipts: $3,235,569
Assets and Liabilities:
- Total Assets: $13,744,725
- Total Liabilities: $5,955,080
- Net Assets: $7,789,645
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION AND FEES
Revenue
$2,843,212
Organization Details
Founding Year
1997
Principal Officer
Marv Wilson
Main Address
2200 SW 10TH STREET, DEERFIELD BEACH, FL, 33442
Website
www.sfbc.eduNTEE Category
Code: B90Z - Education
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