2024-04-22T07:48:01-05:00 2023-06-30 640903390 GRANTHAMPOOLE PLLC 1062 HIGHLAND COLONY PKY STE 201 RIDGELAND MS 39157 990 2022-07-01 640592533 AFRICAN BIBLE COLLEGES INC AFRI 6019221962 PO BOX 103 CLINTON MS 39060 THOMAS KAY CHAIRMAN 6019221962 2024-03-04 1 THOMAS KAY 999009999 0 KAREN WAGNER CPA P00257146 6014992400 2024-03-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS KAY PO BOX 103 CLINTON MS 39060 4795242 0 X AFRICANBIBLECOLLEGES.ORG X 1976 MS EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS 11 9 19 125 17887 0 3402335 3748406 0 0 167703 16694 45209 62418 3615247 3827518 0 0 0 0 480965 1015536 0 0 174261 2994304 2603994 3475269 3619530 139978 207988 2795358 2935841 496847 269878 2298511 2665963 EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS 0 0 2267476 EDUCATE, TRAIN AND EQUIP RELIGIOUS TEACHERS AND PREACHERS IN YEPEKA, LIBERIA, LILONGWE, MALAWI, UGANDA, AND AFRICA SO THAT THEY MAY IN TURN TEACH AND TRAIN OTHERS. 2267476 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 19 0 19 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 X THOMAS KAY 6019221962 PO BOX 103 CLINTON MS 39069 NELL CHINCHEN CO-FOUNDER 40.00 X 44743 0 9000 ROB FUTRAL INTERIM EXECUTIVE DIRECTOR 40.00 X X 0 0 0 THOMAS KAY JR CHAIRMAN 5.00 X X 0 0 0 MARK D LINSZ DIRECTOR 2.00 X 0 0 0 JAMES L MOORE DIRECTOR 2.00 X 0 0 0 COREY CONKRIGHT DIRECTOR 2.00 X 0 0 0 DR W WILSON BENTON JR DIRECTOR EMERITUS 2.00 X 0 0 0 MARK BAIRD DIRECTOR 2.00 X 0 0 0 REV DR SHELTON SANFORD DIRECTOR 2.00 X 0 0 0 TIMOTHY KAY VICE PRESIDENT 40.00 X X 147896 0 0 PALMER CHINCHEN DIRECTOR/CHANCELLOR 40.00 X X 0 0 0 192639 0 9000 1 0 0 0 KURT SCHIMKE 14860 COUNTY RD 35 KARVAL CO 80823 MISSIONARY 175983 1 3748406 3748406 64189 64189 17887 0 17887 17887 17887 920229 967724 -47495 -47495 -47495 REIMBURSED EXPENSES 900099 44531 44531 44531 3827518 61225 17887 0 1015536 346437 669099 53050 53050 24031 24031 282394 170423 111971 63637 63637 96879 41405 55474 16473 16473 10588 10588 10395 6175 4220 PROGRAM EXPENSES 1255729 1255729 PROGRAM SUPPORT 511920 434504 77416 ADMINISTRATIVE COSTS/FE 247084 72823 174261 CONTRACT LABOR 21915 11726 10189 9899 1077 8822 3619530 2267476 1177793 174261 98310 153560 12195 19713 403171 78554 335205 324617 2341254 2432220 8394 5731 2795358 2935841 60189 46746 236658 223132 200000 0 496847 269878 X 242347 964136 2056164 1701827 2298511 2665963 2795358 2935841 207988 159464 0 X X 0 1 X 1 0 X 2704382 2873104 3352552 3402335 3748406 16080779 2704382 2873104 3352552 3402335 3748406 16080779 16080779 42100 30648 31370 68050 64189 236357 23849 23844 23849 23849 17887 113278 321998 316955 399286 21360 44531 1104130 17534544 0.91710 0.87090 X PART II AFRICAN BIBLE COLLEGES, INC (ABC) RECEIVED ITS EXEMPTION AS A 501C3 FOR BIBLE COLLEGES IN AFRICA IN 1977. OVER THE YEARS THERE HAS BEEN GREAT PUBLIC SUPPORT FOR ABC. THEREFORE, ABC HAS COMPLETED PART II OF THIS SCHEDULE PER INSTRUCTIONS SO THAT IT COULD MEET THE SPECIAL RULE FOR SCHEDULE B AND REDUCE THE AMOUNT OF INDIVIDUAL CONTRIBUTIONS THAT WOULD NEED TO BE REPORTED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 403171 78554 324617 324617 MARKETABLE SECURITIES 2432220 F 2432220 X 3962951 159464 159464 3803487 24031 24031 3827518 3595499 0 3595499 24031 24031 3619530 PART X, LINE 2: FOOTNOTE IN AUDIT REPORT: GAAP PROVIDES GUIDANCE ON UNCERTAINTY IN INCOME TAXES IN AN ENTITY'S FINANCIAL STATEMENTS, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITION OR ANY RELATED PENALTIES AND INTEREST FOR THE YEAR ENDED JUNE 30, 2023 AND ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THIS IS NOT CONSIDERED NECESSARY BECAUSE THE INSTITUTIONS SERVE THE CONTINENT OF AFRICA, AND CONSEQUENTLY, THE ENROLLMENT OF THE AFRICAN BIBLE COLLEGES IS ALMOST ENTIRELY BLACK. SUB-SAHARAN AFRICA 3 0 PROGRAM SERVICES RELIGIOUS EDUCATION 511920 0 0 0 0 0 0 511920 0 511920 0 0 0 0 0 0 PART I, LINE 2: RELIGIOUS EDUCATION PART III ACCOUNTING METHOD: PART I, LINE 3 ACTIVITIES PER REGION SUB - SAHARAN AFRICA EXPENDITURES: 511,920 INVESTMENTS: $0 X 1 0 X 0 0 0 0 0 0 0 0 0 PART I, LINE 1A PAUL CHINCHEN RECEIVED MINISTERIAL HOUSING ALLOWANCE OF $25,000, SHOWN AS NONTAXABLE BENEFITS ON 990, PAGE 7. NELL CHINCHEN RECEIVED A HOUSING ALLOWANCE. IT IS INCLUDED IN NONTAXABLE BENEFITS ON 990, PAGE 7 AS WELL. PAUL CHINCHEN PRESIDENT OF THE ORGANIZATION 17887 RENT PAYMENTS 0 FORM 990, PART VI, SECTION A, LINE 2 RELATED PARTY INFORMATION AMONG OFFICERS: PAUL CHINCHEN IS NELL CHINCHEN'S SON AND WAS PRESIDENT OF THE ORGANIZATION UNTIL HIS DEATH IN JULY 2022. BEGINNING IN JULY 2022, THOMAS KAY, SR AND TIMOTHY KAY ARE FATHER AND SON AND THEY ARE BOTH OFFICERS OF THE ORGANIZATION. THOMAS KAY SR IS CHAIRMAN AND TIMOTHY KAY IS VICE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FROM 990 COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR OFFICERS: THE BOARD OF DIRECTORS EVALUATES COMPENSATION OF ALL EMPLOYEES ON AND ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: THE BOARD OF DIRECTORS' SUBCOMMITTEE ON FINANCE AND ADMINSTRATION WILL DETERMINE, ADMINISTER AND HAVE OVERSIGHT OF THE COMPENSATION PACKAGE OF THE ORGANIZATION'S PRESIDENT/CHIEF EXECUTIVE. THE SUBCOMMITTEE'S DUTIES WILL INCLUDE A YEARLY EVALUATION OF THE PRESIDENT'S COMPENSATION. DURING THESE ANNUAL DELIBERATIONS, THE SUBCOMMITTEE WILL CONSIDER INPUT OBTAINED FROM OTHER BOARD MEMBERS, AND FROM OTHER INFORMED SOURCES AND LEADERS ENGAGED IN HIGHER CHRISTIAN EDUCATION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESSES HAVE NOT CHANGED FROM THE PREVIOUS YEARS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 PAUL CHINCHEN RENT PAYMENTS TO AFRICAN BIBLE COLLEGE J 17887 FAIR MARKET VALUE