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Rocky Mountain Bible College Inc

Colorado Biblical University

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841360917 ✦ Fort morgan, CO ✦ Designated as a 501(c)(3)

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Overview

What is Rocky Mountain Bible College Inc?

Rocky Mountain Bible College Inc, operating under the name Colorado Biblical University, is a nonprofit institution situated in Fort Morgan, Colorado. With a staff of four individuals, it focuses on providing formal education with a specialization in Christian studies. During the recent year, the college restructured its CBU Academy to emphasize online learning, introduced tutoring and homeschooling record-keeping services, and developed officer evaluation processes. Furthermore, they established a promotional and marketing strategy to attract more learners. The college's mission is centered around nurturing spiritual growth and academic excellence in its students.


Official website here: www.coloradobiblicaluniversity.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 51%

Rocky Mountain Bible College Inc received a One-Star out of Four Star rating from Charity Navigator, indicating serious concerns regarding its accountability and financial health. With a low overall score of 51%, the organization faces significant challenges in governance and transparency, evidenced by a lack of independent board members and critical policies related to conflicts of interest and whistleblowing.

Despite these concerns, the nonprofit does demonstrate a strong program expense ratio, directing all its reported expenses towards its mission-related activities. Additionally, the organization has managed its material assets effectively, showing a commendable performance in asset management. However, the absence of transparency in various governance policies raises red flags for potential donors and stakeholders.

Overall, prospective supporters should be cautious due to the nonprofit's governance weaknesses, while its commitment to program expenses signals a focus on maintaining operational integrity. Further improvements in board independence and policy compliance will be crucial for enhancing its rating and reputation in the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Rocky Mountain Bible College Inc legitimate?

Rocky Mountain Bible College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocky Mountain 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: $19,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,873

For more financial information, click here


Official website here: www.coloradobiblicaluniversity.com

What is the mission statement of Rocky Mountain Bible College Inc?

Rocky Mountain Bible College Inc is dedicated to providing formal education, with a specialization in Christian studies. Their mission is to offer an educational environment that fosters a deep understanding of religious teachings. Throughout the year, they enroll approximately 30 learners and have recently restructured their CBU Academy to focus on online learning. Additionally, they have introduced tutoring and homeschooling record-keeping services, developed officer evaluation processes, and created a promotional/marketing strategy to attract more students.


Official website here: www.coloradobiblicaluniversity.com

Who is the CEO of Rocky Mountain Bible College Inc?

Christopher Cone is the Treasurer of Rocky Mountain Bible College Inc.


Official website here: www.coloradobiblicaluniversity.com

What is the revenue of Rocky Mountain Bible College Inc?

Rocky Mountain Bible College Inc's revenue in 2023 was $32,143.


Official website here: www.coloradobiblicaluniversity.com

Who are the executives of Rocky Mountain Bible College Inc and what are their salaries?

The average compensation at Rocky Mountain Bible College Inc during 2023 was $22,168. There are 4 employees at Rocky Mountain Bible College Inc.


Here are 6 key members and their salaries:


Ruth Patterson (Treasurer)
  • Compensation: $7,800
  • Related: $0
  • Other: $0
Christopher Cone (President)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
John Oglesby (Secretary)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Jtrent Boyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Perkins (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Steve Spurlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.coloradobiblicaluniversity.com

Where can I find the form 990 for Rocky Mountain Bible College Inc?

Rocky Mountain Bible College Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.coloradobiblicaluniversity.com

Learn more at the official website: www.coloradobiblicaluniversity.com

Mission Statement of Rocky Mountain Bible College Inc

Rocky Mountain Bible College Inc, as stated in its mission, is dedicated to providing formal education with a specialization in Christian studies. The institution's primary objective is to impart knowledge and skills within the realms of Christian studies to its enrolled learners. Throughout the year, the college restructured its curriculum to focus more on online learning, recognizing the changing needs of its students. Additionally, it introduced tutoring and homeschooling record-keeping services to enhance the learning experience and support for its students. The college also developed officer evaluation processes to ensure effective leadership and implemented a promotional and marketing strategy to attract more learners.

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Impact




August, 2024

Rocky Mountain Bible College Inc's impact can be seen in its dedication to providing formal education specializing in Christian studies. With a mission to offer quality education in this field, the organization enrolled 30 learners during the year. Additionally, they restructured CBU Academy to focus on online learning, added tutoring and homeschooling record-keeping services, developed officer evaluation processes, and created a promotional/marketing strategy to attract more learners. Based in Fort Morgan, CO, Rocky Mountain Bible College Inc is making a significant difference in the realm of Christian education.




This information is meant to be a general summary of Rocky Mountain 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.

Revenue
$32,143 (2023)
Expenses
$130,956 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $64
  • Program Service Revenue: $23,021
  • Gross Receipts: $32,143

Assets and Liabilities:

  • Total Assets: $422,411
  • Total Liabilities: $353,477
  • Net Assets: $68,934

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EDUCATION - COLLEGE

Revenue

$23,021

Organization Details

Founding Year

1996

Principal Officer

Christopher Cone

Main Address

914 STATE STREET, FORT MORGAN, CO, 80701

NTEE Category

Code: B50 - Education

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