Nonprofit · EIN 56-2454734
THE CORNERSTONE BIBLE COLLEGE AND SEMINARY
Tax-exempt · VALLEJO, CA 94590
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $309,977 | $301,853 | $8,124 | $73,312 | $37,156 | $36,156 |
| June 30, 2024 | 990 | $307,945 | $310,806 | -$2,861 | $39,317 | $11,477 | $27,840 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $132,539
- Program service revenue
- $177,438
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,740
- Other salaries and wages
- $9,371
- Salaries, compensation and benefits (total)
- $214,006
- Professional fundraising fees
- $0
- Occupancy
- $9,600
- Travel
- $4,582
- Program services (functional)
- $301,853
Balance sheet and other
- Total assets, start of year
- $39,317
- Total assets, end of year
- $73,312
- Total liabilities, end of year
- $37,156
- Net assets, end of year
- $36,156
- Net assets without donor restrictions
- $36,156
- Gross receipts
- $309,977
- Employees
- 21
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ryan Rippee | President/CEO Trustee or director, Officer, Key employee, Highest-paid employee | 20 | $60,918 |
| Derek Brown | Academic Dean Key employee | 10 | $28,550 |
| Eileen Lucas | Administrator Key employee | 15 | $20,399 |
| Cliff McManis | Board Secretary Trustee or director | 4 | $10,500 |
| Tony Sanelli | Board Chairman Trustee or director | 4 | $3,600 |
| Phil Foley | Board Treasurer Trustee or director | 4 | $1,773 |
| Bob Douglas | Board Member Trustee or director | 4 | $0 |
| Ronald Prosise | Board Member Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ryan Rippee | President/CEO Trustee or director, Key employee, Highest-paid employee | 20 | $70,623 |
| Derek Brown | Academic Dean Key employee | 10 | $30,600 |
| Eileen Lucas | Administrator Key employee | 15 | $18,419 |
| Cliff McManis | Board Secretary Trustee or director | 4 | $8,400 |
| Tony Sanelli | Board Chairman Trustee or director | 4 | $2,300 |
| Phil Foley | Treasurer Trustee or director | 4 | $177 |
| Bob Douglas | Board Member Trustee or director | 4 | $0 |
| Ronald Prosise | Board Member Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 710 BROADWAY ST, VALLEJO, CA 94590-3306
- In care of
- % VEDASTO CAGUIN
- Principal officer (990 for 2024)
- Ryan Rippee, 710 Broadway Street, Vallejo, CA 94590
- Signed the 990
- Eileen Lucas, Administrator
- Phone
- (707) 645-1043
- Website
- www.tcbs.org
California records
California keeps its own records of charities and corporations. Search them by EIN 56-2454734 or by the name THE CORNERSTONE BIBLE COLLEGE AND SEMINARY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The training of men and women for ministry in local churches. Specifically, providing a Bachelor's Degree or Certificate of Accomplishment designating the completion of course material required. Also, the rewarding of a Master's Degree designation for post graduate students specifically tied to the level of theological and pastoral training necessary for the effective teaching, preaching, ministry and administration of activities related to the care and oversight of local churches both in the United States and around the world.
Program accomplishments
- The largest component of program expenses is related to the payment of one full time staff member and the array of qualified local pastors that comprise the faculty. Pastors serve as adjunct faculty delivering segments of educational training commensurate with the master's degree achieved by each graduating student. Revenues are the sum of tuition paid by those students either on a full time of part time schedule.Expenses $301,853 · revenue $177,438
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2454734
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43)
- Assets (IRS master file)
- $73,312
- Income (IRS master file)
- $309,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $309,977 | $301,853 | $73,312 | XML |
| 990 | June 2024 | $307,945 | $310,806 | $39,317 | XML |
| 990 | June 2023 | $294,463 | $250,313 | $38,716 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2454734).
Questions about THE CORNERSTONE BIBLE COLLEGE AND SEMINARY
- What is the EIN of THE CORNERSTONE BIBLE COLLEGE AND SEMINARY?
- The employer identification number (EIN) of THE CORNERSTONE BIBLE COLLEGE AND SEMINARY is 56-2454734.
- Is THE CORNERSTONE BIBLE COLLEGE AND SEMINARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to THE CORNERSTONE BIBLE COLLEGE AND SEMINARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CORNERSTONE BIBLE COLLEGE AND SEMINARY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE CORNERSTONE BIBLE COLLEGE AND SEMINARY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE CORNERSTONE BIBLE COLLEGE AND SEMINARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE CORNERSTONE BIBLE COLLEGE AND SEMINARY?
- The 990 for the year ended June 30, 2025 names Ryan Rippee.
- Who are the officers and directors of THE CORNERSTONE BIBLE COLLEGE AND SEMINARY?
- The 990 for the year ended June 30, 2025 lists 8 people; 6 received compensation from the organization, the highest $60,918 (Ryan Rippee, President/CEO).
- How much revenue does THE CORNERSTONE BIBLE COLLEGE AND SEMINARY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $309,977, expenses of $301,853 and total assets of $73,312 at year end.
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