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Corn Bible Academy INC FY2021 filing

Tax-deductible

Clinton, OK501(c)(3)Since 1902EIN 73-0654898Revenue $2.5M in FY2021

On file with the IRScornbible.org22387 E 1070 Rd, 73601-7409 · Clinton, OKTax-exempt since Nov 1988School — 170(b)(1)(A)(ii)

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Corn Bible Academy is a nonprofit private Christian junior high and high school. Its mission is to provide a Christ-centered environment to help parents train their children to grow in knowledge, strength, spirit, and in relation with God and others.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $748K a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$99K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+51% vs prior year
Spent
$1.1M
To programs
79%
Net assets
$6.9M
By yearFY2020–FY2024
Revenue
$2.5M
FY2021▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.5M
FY2022$2.6M
FY2023$2.2M
FY2024$2.2M
FY2024$2.1M
Expenses
$1.1M
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.4M
FY2023$1.8M
FY2024$2.0M
FY2024$2.0M
Net assets
$6.9M
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$6.9M
FY2022$8.1M
FY2023$8.5M
FY2024$8.7M
FY2024$8.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1988.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $861K Management & general 17% · $190K Fundraising 3% · $38K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Brown
Vice Chairman
$0Pt VII · Sec A
Mark Graf
Chairman
$0Pt VII · Sec A
Marci Russell
Secretary
$0Pt VII · Sec A
See Corn Bible Academy INC 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 15aNo

Programs and updates

Educates Christian youth in knowledge, strength, and spirit for God and community.

Provided by the organization

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1 program · $861K · in their own filed words · FY2020
01

Corn Bible Academy operated a private Christian Jr High and High School.

$861Kprogram 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
Gibbs Christian Education Foundation INCFY2025$17K
Total grants receivedfrom 1 funder$17K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$602K
Investment incomeLn 3$186K
Money outPt IX
$1.1M
Ln 25
Programscol B$861K
Managementcol C$190K
Fundraisingcol D$38K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$356K
Total assetsLn 16$7.0M
LiabilitiesLn 26$99K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$140K
Fees for servicesLn 2g$602K
Investment incomeLn 3$186K
Other incomeLn 4–11$153K
Gains on assetsLn 7$7K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$356K
Cash and savings togetherLn 1–2$356K
Land, buildings, equipmentLn 10c$5.6M
Other assetsLn 15$1.0M
Total assetsLn 16$7.0M
LiabilitiesLn 26$99K
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 529
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
LineStart FY21End FY21
Cash and savingsLn 1–2$632K$356K
Land, buildings, equipmentLn 10c$4.3M$5.6M
Total assetsLn 16$5.7M$7.0M
LiabilitiesLn 26$214K$99K
Net assetsLn 32$5.5M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$609K$471K$110K$28K
Pension plan contributionsLn 8$13K$9K$2K$2K
Other employee benefitsLn 9$65K$43K$18K$4K
Payroll taxesLn 10$53K$41K$10K$2K
Accounting feesLn 11c$881$881
Advertising and promotionLn 12$19K$18K$810
Office expensesLn 13$7K$7K
Information technologyLn 14$42K$42K
OccupancyLn 16$57K$55K$2K
TravelLn 17$30K$27K$3K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$41K$41K
Other expenses (24a–d)Ln 24$114K$105K$9K
All other expensesLn 24e$13K$10K$3K
Total functional expensesLn 25$1.1M$861K$190K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.2M$2.0M$255K$8.7M 990 PDF
FY2023 $2.2M$1.8M$390K$8.5M 990 PDF
FY2022 $2.6M$1.4M$1.2M$8.1M 990 PDF
FY2021 Viewing $2.5M$1.1M$1.4M$6.9M 990 PDF
FY2020 $1.7M$1.2M$479K$5.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $2,496,870 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $933,727$1,555,712
I-9 Program service revenuePrior year $539,912$602,095
I-10 Investment incomePrior year $14,375$185,770
I-11 Other revenuePrior year $163,077$153,293
I-12 Total revenuePrior year $1,651,091$2,496,870
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $778,554$739,525
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $393,229$348,891
I-18 Total expensesPrior year $1,171,783$1,088,416
I-19 Revenue less expensesPrior year $479,308$1,408,454
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,496,870 across 9 lines filed
VIII-1e Government grants$139,777
VIII-1f All other contributions, gifts and grants$1,415,935
VIII-1h Total contributions, gifts and grants$1,555,712
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $602,095$602,095
VIII-3 Investment incomeRelated to mission $178,870$178,870
VIII-6 Net rental income or lossRelated to mission $5,606$5,606
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,900$6,900
VIII-8 Net income from fundraising eventsExcluded from tax $147,687$147,687
VIII-12 Total revenueRelated to mission $793,471 · Unrelated business $0 · Excluded from tax $147,687$2,496,870
Part IX · Statement of functional expenses $1,088,416 across 15 lines filed
IX-7 Other salaries and wagesPrograms $470,811 · Management $109,606 · Fundraising $28,427$608,844
IX-8 Pension plan contributionsPrograms $9,473 · Management $1,821 · Fundraising $1,517$12,811
IX-9 Other employee benefitsPrograms $42,647 · Management $17,761 · Fundraising $4,495$64,903
IX-10 Payroll taxesPrograms $40,959 · Management $9,534 · Fundraising $2,474$52,967
IX-11c Accounting feesManagement $881$881
IX-12 Advertising and promotionManagement $17,995 · Fundraising $810$18,805
IX-13 Office expensesManagement $7,349$7,349
IX-14 Information technologyPrograms $41,671$41,671
IX-16 OccupancyPrograms $55,043 · Management $1,516$56,559
IX-17 TravelPrograms $27,362 · Management $2,585$29,947
IX-20 InterestManagement $9,274$9,274
IX-22 Depreciation, depletion and amortizationPrograms $17,190$17,190
IX-23 InsurancePrograms $40,587$40,587
IX-24 Other expenses (24a–d)Programs $104,998 · Management $8,713$113,711
IX-24e All other expensesPrograms $9,944 · Management $2,973$12,917
IX-25 Total functional expensesPrograms $860,685 · Management $190,008 · Fundraising $37,723$1,088,416
Part X · Balance sheet $6,991,804 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $632,237$356,088
X-4 Accounts receivableStart of year $461$1,076
X-9 Prepaid expenses and deferred chargesStart of year $8,589$8,589
X-10c Land, buildings and equipment, netStart of year $4,289,389$5,614,284
X-15 Other assetsStart of year $767,280$1,011,767
X-16 Total assetsStart of year $5,697,956$6,991,804
X-17 Accounts payable and accrued expensesStart of year $26,582$481
X-26 Total liabilitiesStart of year $213,920$98,895
X-27 Net assets without donor restrictionsStart of year $4,157,501$5,669,325
X-28 Net assets with donor restrictionsStart of year $1,326,535$1,223,584
X-32 Total net assets or fund balancesStart of year $5,484,036$6,892,909
X-33 Total liabilities and net assetsStart of year $5,697,956$6,991,804
Part XI · Reconciliation of net assets $6,892,909 net assets at year end
XI-1 Total revenue$2,496,870
XI-2 Total expenses$1,088,416
XI-3 Revenue less expenses$1,408,454
XI-4 Net assets at start of year$5,484,036
XI-8 Prior period adjustments$419
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,892,909

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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