Seminary education rooted in the Word of God. See expanded Mission Statement (attached).

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 2 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $52K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $276K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$142K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-3% vs prior year
Spent
$1.1M
To programs
66%
Net assets
$220K
By yearFY2021–FY2025
Revenue
$1.0M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$907K
FY2022$661K
FY2023$962K
FY2024$1.1M
FY2025$1.0M
Expenses
$1.1M
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$840K
FY2022$956K
FY2023$966K
FY2024$995K
FY2025$1.1M
Net assets
$220K
FY2025▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2021$548K
FY2022$253K
FY2023$250K
FY2024$314K
FY2025$220K

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $732K Management & general 30% · $332K Fundraising 5% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$125,375Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kenneth Lynn Lewis’s $125K as President is at the 49th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kenneth Lynn Lewis$125,375$122,625$117,806$114,757$100,436

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Bible Seminary executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides seminary education grounded in the Bible.

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Provided by the organization

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1 program · $732K · in their own filed words · FY2024
01

Education Activities

Providing programs that include certificate of theological studies, dual degree completion, master of arts, and master of divinity.

$732Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 1 grant · $10K · 2024–2024
Unitemized GrantFY2024$10,400

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$855K
Fees for servicesLn 2g$161K
Investment incomeLn 3$5K
Money outPt IX
$1.1M
Ln 25
Programscol B$732K
Managementcol C$332K
Fundraisingcol D$53K
Owns and owesPt X
$220K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$362K
LiabilitiesLn 26$142K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$855K
Noncash giftsLn 1g$98K
Fees for servicesLn 2g$161K
Investment incomeLn 3$5K
Other incomeLn 4–11$3K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$123K
Cash and savings togetherLn 1–2$123K
InvestmentsLn 11–13$70K
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$105K
Total assetsLn 16$362K
LiabilitiesLn 26$142K
Net assetsLn 32$220K
OperationsPt I, VI
EmployeesI 510
VolunteersI 62
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$250K$123K
InvestmentsLn 11–13$70K
Land, buildings, equipmentLn 10c$10K$15K
Total assetsLn 16$472K$362K
LiabilitiesLn 26$158K$142K
Net assetsLn 32$314K$220K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K$10K
Pay of current officers, directors and key staffLn 5$125K$93K$27K$5K
Other salaries and wagesLn 7$689K$513K$147K$29K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$21K$800$18K$2K
Advertising and promotionLn 12$37K$1K$23K$13K
Office expensesLn 13$73K$33K$38K$2K
OccupancyLn 16$88K$45K$43K$433
TravelLn 17$46K$19K$27K
Other expenses (24a–d)Ln 24$17K$17K
Total functional expensesLn 25$1.1M$732K$332K$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.0M$1.1M−$94K$220K 990 PDF
FY2024 $1.1M$995K$65K$314K 990 PDF
FY2023 $962K$966K−$4K$250K 990 PDF
FY2022 $661K$956K−$295K$253K 990 PDF
FY2021 $907K$840K$67K$548K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,022,661 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $871,826$854,694
I-9 Program service revenuePrior year $187,364$160,642
I-10 Investment incomePrior year −$3,549$4,540
I-11 Other revenuePrior year $3,464$2,785
I-12 Total revenuePrior year $1,059,105$1,022,661
I-13 Grants and similar amounts paid$10,400
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $741,349$814,719
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $253,209$291,717
I-18 Total expensesPrior year $994,558$1,116,836
I-19 Revenue less expensesPrior year $64,547−$94,175
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,022,661 across 6 lines filed
Lines not itemized here account for $2,785 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$854,694
VIII-1g Noncash contributions (included above)$98,097
VIII-1h Total contributions, gifts and grants$854,694
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $160,642$160,642
VIII-3 Investment incomeRelated to mission $4,540$4,540
VIII-12 Total revenueRelated to mission $165,182 · Excluded from tax $2,785$1,022,661
Part IX · Statement of functional expenses $1,116,836 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $10,400$10,400
IX-5 Pay of current officers, directors and key staffPrograms $93,233 · Management $26,818 · Fundraising $5,324$125,375
IX-7 Other salaries and wagesPrograms $512,617 · Management $147,452 · Fundraising $29,275$689,344
IX-11c Accounting feesManagement $10,000$10,000
IX-11g Other fees for servicesPrograms $800 · Management $17,775 · Fundraising $2,400$20,975
IX-12 Advertising and promotionPrograms $1,240 · Management $22,940 · Fundraising $13,014$37,194
IX-13 Office expensesPrograms $33,029 · Management $37,870 · Fundraising $2,251$73,150
IX-16 OccupancyPrograms $44,651 · Management $42,549 · Fundraising $433$87,633
IX-17 TravelPrograms $18,579 · Management $27,065$45,644
IX-24 Other expenses (24a–d)Programs $17,121$17,121
IX-25 Total functional expensesPrograms $731,670 · Management $332,469 · Fundraising $52,697$1,116,836
Part X · Balance sheet $362,448 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $249,637$122,712
X-4 Accounts receivableStart of year $36,036$29,770
X-9 Prepaid expenses and deferred chargesStart of year $13,894$19,475
X-10c Land, buildings and equipment, netStart of year $9,962$14,626
X-11 Publicly traded securities$70,438
X-15 Other assetsStart of year $162,313$105,427
X-16 Total assetsStart of year $471,842$362,448
X-25 Other liabilitiesStart of year $157,711$142,492
X-26 Total liabilitiesStart of year $157,711$142,492
X-27 Net assets without donor restrictionsStart of year $314,031$199,856
X-28 Net assets with donor restrictionsStart of year $100$20,100
X-32 Total net assets or fund balancesStart of year $314,131$219,956
X-33 Total liabilities and net assetsStart of year $471,842$362,448
Part XI · Reconciliation of net assets $219,956 net assets at year end
XI-1 Total revenue$1,022,661
XI-2 Total expenses$1,116,836
XI-3 Revenue less expenses−$94,175
XI-4 Net assets at start of year$314,131
XI-10 Net assets at end of year$219,956

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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