Overview
What is Southern Bible Institute & College?
Southern Bible Institute & College is a nonprofit organization situated in Dallas, Texas. Their primary objective is to educate individuals through comprehensive biblical studies, empowering them to serve effectively in their personal lives, churches, communities, and the world at large. The institute aims to develop servant leaders, regardless of their denominational affiliation, with a distinctive identity rooted in the authority of the Scripture. Their mission is to impart biblical knowledge, equipping students to spread God's word through preaching, teaching, and evangelism. With a workforce of seven dedicated individuals, Southern Bible Institute & College is committed to shaping future leaders in the ministry field.
Official website here: www.southernbible.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating. This rating indicates that Southern Bible Institute & College has a mixed performance in terms of accountability and financial health. While the organization boasts a majority independent board and adheres to several governance policies, its overall score reflects some concerns regarding its financial management.
Strengths of the organization include a fully independent board and thorough conflict of interest policies, which contribute positively to its governance practices. It also scored well on factors like material diversion of assets and the availability of board meeting minutes, demonstrating a commitment to transparency and oversight in these areas.
However, significant limitations are evident, particularly in the financial aspects. The organization received low ratings for its liabilities to assets ratio and program expense ratio, indicating potential financial instability and inefficiency in resource allocation. These factors may raise concerns for potential donors regarding the sustainability and impact of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Bible Institute & College legitimate?
Southern Bible Institute & College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Bible Institute & College 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: $387,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.southernbible.org
What is the mission statement of Southern Bible Institute & College?
The Southern Bible Institute & College's mission is centered around equipping both men and women to become competent servant leaders, instilling in them a Bible-centered worldview. Their primary goal is to educate individuals in the truth of the Holy Scripture, equipping them for more effective service in various spheres of life, including their homes, churches, communities, and the world at large. Their motto is centered around transforming students into servant leaders, with a strong emphasis on the authority of God's Word. The institute's rigorous academic instruction aims to produce graduates who will make significant contributions to the ministry field, regardless of their denominational affiliations, all while upholding the SBIC's branding statement of "Timeless servant leadership rooted in God's authoritative Word."
Official website here: www.southernbible.org
What is the revenue of Southern Bible Institute & College?
Southern Bible Institute & College's revenue in 2023 was $333,859.
Official website here: www.southernbible.org
Who are the executives of Southern Bible Institute & College and what are their salaries?
The average compensation at Southern Bible Institute & College during 2023 was $48,432. There are 8 employees and 1 volunteer at Southern Bible Institute & College.
Here are 7 key members and their salaries:
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- Compensation: $69,643
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- Other: $24,000
Official website here: www.southernbible.org
Where can I find the form 990 for Southern Bible Institute & College?
Southern Bible Institute & College's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southernbible.org
Learn more at the official website: www.southernbible.org
Mission Statement of Southern Bible Institute & College
Southern Bible Institute & College is dedicated to the mission of educating men and women to become competent servant leaders, instilling in them a Bible-centered worldview. Their primary objective is to teach the Word of God to these individuals, equipping them for effective ministry through preaching, teaching, and evangelizing. The college's motto is centered around transforming students into servant leaders, preparing them for service in various settings, including their homes, churches, communities, and the world at large.
The academic curriculum at Southern Bible Institute & College is rigorous, focusing on the truth of the Holy Scripture. The institution aims to produce graduates who are distinguished as servant leaders in the ministry field, irrespective of their denominational affiliations. The college's branding statement is "Timeless servant leadership rooted in God's authoritative Word," which encapsulates their commitment to equipping students with the necessary skills and values to serve effectively in their chosen ministry paths.
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Impact
July, 2024
Southern Bible Institute & College's impact is significant in equipping men and women to be competent servant leaders with a Bible-centered worldview. By providing rigorous academic instruction rooted in the truth of Holy Scripture, SBIC prepares individuals for more effective service in their home, church, community, and the world. Graduates are equipped to be servant leaders in the ministry field, transcending denominational boundaries and embodying the institution's branding statement of "Timeless servant leadership rooted in God's authoritative Word." Through teaching the word of God and transforming students into servant leaders, SBIC plays a vital role in spreading God's word through preaching, teaching, and evangelizing. This institution's impact resonates in the lives of its students and the communities they serve, fostering a culture of excellence in Biblical leadership.
This information is meant to be a general summary of Southern Bible Institute & College. 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: $14
- Program Service Revenue: $67,495
- Gross Receipts: $335,462
Assets and Liabilities:
- Total Assets: $1,760,119
- Total Liabilities: $762,122
- Net Assets: $997,997
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuitions
Revenue
$67,495
Organization Details
Founding Year
1927
Principal Officer
Terrance Ford
Website
www.southernbible.orgNTEE Category
Code: B99Z - Education
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