Trinity Baptist College INC: FY2024 Nonprofit Profile & Form 990 (EIN 41-2270181)

Revenue by fiscal year
FY2021	$5.1M
FY2022	$5.8M
FY2023	$5.2M
FY2024	$5.1M
FY2025	$5.7M

Expenses by fiscal year
FY2021	$4.4M
FY2022	$4.7M
FY2023	$5.5M
FY2024	$5.0M
FY2025	$5.6M

Net assets by fiscal year
FY2021	$3.0M
FY2022	$4.1M
FY2023	$3.8M
FY2024	$3.9M
FY2025	$4.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2009.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $5.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Mac Heavener JR

President

$0Pt VII · Sec A

Finley Hair

Board Member

$0Pt VII · Sec A

Dan Proctor

Board Member

$0Pt VII · Sec A

Gary Cooke

Secretary/Treasurer

$0Pt VII · Sec A

Howard Closs JR

Board Member

$0Pt VII · Sec A

Ed Gibson

Board Member

$0Pt VII · Sec A

Tammie McClafferty

Board Member

$0Pt VII · Sec A

Garrett Williams

Board Member

$0Pt VII · Sec A

See Trinity Baptist College INC executive salaries →

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

Trains students for Christian service in many fields.

Questions for Trinity Baptist College INC

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1 program · $5.0M · in their own filed words · FY2023

01

Education expenses

$5.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2025

Folds of Honor FoundationFY2025$14K

Total grants receivedfrom 1 funder$14K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2025 · $3.7M federal money spent

Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$2.1M

Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.6M

Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$25K

The auditor reported no findings.

Year ending Jun 2024 · $3.1M federal money spent

Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.9M

Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.1M

Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$42K

Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$24K

The auditor reported no findings.

Year ending Jun 2023 · $2.7M federal money spent

Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.7M

Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$886K

Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$27K

Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$26K

Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$20K

The auditor reported no findings.

Year ending Jun 2022 · $4.3M federal money spent

Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.9M

Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$1.4M

Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.1M

Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$23K

Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$18K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$5.1M

Ln 12

Fees for servicesLn 2g$4.8M

Gifts and grantsLn 1h$221K

Other incomeLn 4–11$58K

Money outPt IX

$5.0M

Ln 25

Programscol B$5.0M

Owns and owesPt X

$3.9M

net assets · Ln 32

Cash and savingsLn 1–2$137K

Total assetsLn 16$7.2M

LiabilitiesLn 26$3.3M

PeoplePt VI, VII

14

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$221K

Noncash giftsLn 1g$8K

Fees for servicesLn 2g$4.8M

Investment incomeLn 3$12K

Other incomeLn 4–11$58K

Total revenueLn 12$5.1M

Assets in detailPt X, end of year

CashLn 1$82K

SavingsLn 2$55K

Cash and savings togetherLn 1–2$137K

Accounts receivableLn 4$325K

Prepaid expenses and deferred chargesLn 9$10K

Land, buildings, equipmentLn 10c$6.6M

InvestmentsLn 11–13$114K

Other assetsLn 15$47K

Total assetsLn 16$7.2M

LiabilitiesLn 26$3.3M

Net assetsLn 32$3.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$345K	$137K
InvestmentsLn 11–13	$102K	$114K
Land, buildings, equipmentLn 10c	$6.8M	$6.6M
Total assetsLn 16	$7.4M	$7.2M
LiabilitiesLn 26	$3.6M	$3.3M
Net assetsLn 32	$3.8M	$3.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
OccupancyLn 16	$349K	$349K
InterestLn 20	$154K	$154K
Depreciation, depletion and amortizationLn 22	$280K	$280K
Other expenses (24a–d)Ln 24	$3.4M	$3.4M
All other expensesLn 24e	$883K	$883K
Total functional expensesLn 25	$5.0M	$5.0M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Nov 21, 2025	$5.7M	$5.6M	$77K	$4.0M	990 PDF
FY2024 ViewingFiled with the IRS Nov 26, 2024	$5.1M	$5.0M	$45K	$3.9M	990 PDF
FY2023Filed with the IRS Dec 5, 2023	$5.2M	$5.5M	−$320K	$3.8M	990 PDF
FY2022Filed with the IRS Dec 9, 2022	$5.8M	$4.7M	$1.1M	$4.1M	990 PDF
FY2021Filed with the IRS Nov 29, 2021	$5.1M	$4.4M	$722K	$3.0M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $5,076,592 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $600,617$220,531

I-9 Program service revenuePrior year $4,558,325$4,785,844

I-10 Investment incomePrior year $6,181$11,899

I-11 Other revenuePrior year $20,974$58,318

I-12 Total revenuePrior year $5,186,097$5,076,592

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $5,505,861$5,031,769

I-18 Total expensesPrior year $5,505,861$5,031,769

I-19 Revenue less expensesPrior year −$319,764$44,823

Part VI · Governance 13 of 13 board members independent, 2 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $5,076,592 across 7 lines filed

Lines not itemized here account for $72,125 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$220,531

VIII-1g Noncash contributions (included above)$8,109

VIII-1h Total contributions, gifts and grants$220,531

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,713,719$4,713,719

VIII-3 Investment incomeExcluded from tax $11,899$11,899

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $58,318$58,318

VIII-12 Total revenueRelated to mission $4,785,844 · Unrelated business $0 · Excluded from tax $70,217$5,076,592

Part IX · Statement of functional expenses $5,031,769 across 5 lines filed

IX-16 OccupancyPrograms $349,312$349,312

IX-20 InterestPrograms $154,210$154,210

IX-22 Depreciation, depletion and amortizationPrograms $280,468$280,468

IX-24 Other expenses (24a–d)Programs $3,365,117$3,365,117

IX-24e All other expensesPrograms $882,662$882,662

IX-25 Total functional expensesPrograms $5,031,769 · Management $0 · Fundraising $0$5,031,769

Part X · Balance sheet $7,190,317 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $207,204$81,521

X-2 Savings and temporary cash investmentsStart of year $137,553$55,194

X-4 Accounts receivableStart of year $141,252$324,894

X-9 Prepaid expenses and deferred chargesStart of year $28,589$10,020

X-10c Land, buildings and equipment, netStart of year $6,764,513$6,557,878

X-12 Other securitiesStart of year $102,078$113,952

X-15 Other assetsStart of year $46,159$46,858

X-16 Total assetsStart of year $7,427,348$7,190,317

X-17 Accounts payable and accrued expensesStart of year $197,198$117,258

X-19 Deferred revenueStart of year $98,795$46,241

X-23 Secured mortgages and notes payableStart of year $3,250,960$3,144,918

X-25 Other liabilitiesStart of year $51,322$8,004

X-26 Total liabilitiesStart of year $3,598,275$3,316,421

X-27 Net assets without donor restrictionsStart of year $3,704,845$3,838,057

X-28 Net assets with donor restrictionsStart of year $124,228$35,839

X-32 Total net assets or fund balancesStart of year $3,829,073$3,873,896

X-33 Total liabilities and net assetsStart of year $7,427,348$7,190,317

Part XI · Reconciliation of net assets $3,873,896 net assets at year end

XI-1 Total revenue$5,076,592

XI-2 Total expenses$5,031,769

XI-3 Revenue less expenses$44,823

XI-4 Net assets at start of year$3,829,073

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,873,896

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Trinity Baptist College INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Trinity Baptist College INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV