Ibac Corporation

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

EIN: 843874964 ✦ Elkmont, AL ✦ Designated as a 501(c)(3)

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Overview

What is Ibac Corporation?

Ibac Corporation is a national nonprofit organization situated in Elkmont, Alabama, with a postal address of 18659 Upper Fort Hampton. Their primary mission is to offer religious and theological education, focusing on leaders and pastors. They conduct intensive training sessions, each lasting 30 hours, with an average attendance of 80 pastors. This organization is dedicated to equipping spiritual leaders with the necessary knowledge and skills to effectively serve their communities.

Is Ibac Corporation legitimate?

Ibac Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ibac Corporation 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: $23,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ibac Corporation?

Ibac Corporation's mission revolves around providing religious and theological education. Specifically, they focus on training leaders and pastors, equipping them with the necessary knowledge and skills. This is achieved through their National Teachers-Training institute, where they offer comprehensive instruction, typically lasting for 30 hours, to a group of 80 pastors at each session.

Who is the CEO of Ibac Corporation?

James L Wilson Iii is the President of Ibac Corporation.

What is the revenue of Ibac Corporation?

Ibac Corporation's revenue in 2022 was $411,045.

Who are the executives of Ibac Corporation and what are their salaries?


Here are 4 key members and their salaries:


Jay R Grooters (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry W Vickers (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James L Wilson Iii (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Grooters (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ibac Corporation?

Ibac Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ibac Corporation

Ibac Corporation, a national institution, is dedicated to providing comprehensive religious and theological training for leaders and pastors. Its mission is to equip these individuals with the necessary knowledge and skills to effectively serve their communities. The organization offers a structured teaching program, with each institute offering approximately 30 hours of instruction. This training attracts around 80 pastors, who engage in intensive sessions aimed at enhancing their spiritual and leadership capabilities.

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Impact




October, 2024

Ibac Corporation significantly impacts the religious community by offering specialized training for leaders and pastors. Through its National Teachers-Training institute, the organization provides 30 hours of intensive instruction, equipping attendees with essential theological knowledge and leadership skills. Each session typically draws around 80 pastors, fostering a collaborative environment for learning and growth. Located in Elkmont, AL, Ibac Corporation plays a vital role in enhancing the capabilities of church leaders, ultimately contributing to more informed and effective ministry within their congregations. Their commitment to education empowers leaders to better serve their communities and enrich the spiritual lives of those they guide.




This information is meant to be a general summary of Ibac Corporation. 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
$411,045 (2022)
Expenses
$225,169 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $411,045

Assets and Liabilities:

  • Total Assets: $205,224
  • Total Liabilities: $19,414
  • Net Assets: $185,810

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Organization Details

Founding Year

2019

Principal Officer

James L Wilson Iii

Main Address

18659 Upper Fort Hampton, Elkmont, AL, 35620

NTEE Category

Code: B50 - Education

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