D/w, Form 990-EZ (2009)

Transcription

1 , /29/ PM Form 990-EZ. of A For the 2009 ca' B Check if applicale Address change Name change Initial return Termination Amended return Short Form Return of Organization Exempt From Income Tax Under section 501(c ), 527, or 4947( a)(1) of the Internal Revenue Code (except lack lung enefit trust or private foundation) Sponsoring organizations of donor advised funds and controlling organizations as defined in section 512()(13) must file Form 990 All other organizations with gross receipts less than $500,000 and total assets less than $1,250,000 at the end of the year may use this form The organization may have to use a copy of this return to satisfy state reporting requirements ixveareainnina 07/01/ 09 andendina 06/30/10 OMB No Open to Pulic Inspection Please C Name of organization D Employer identification numer use IRS lael or print or INSTE BIBLE COLLEGE type. Numer and street (or P 0 ox, if mail is not delivered to street address ) u rte E Telephone numer See 2302 SW 3RD ST Specific Instruc. City or town, state or country, and ZIP + 4 F Group Exemption t- c Section 501 ( c)(3) organizations and 4947 (a)(1) nonexempt charitale trusts must attach G Accounting method U Cash [j Accrual a com p leted Schedule A ( Form 990 or 990 -EZ ). Other ( s peci fy) I Wesite : WW. INSTE. EDU H Check if the organization is not ^I reqwired to a ach Schedule B (Form 990, J Tax-exempt status (check only one) - I^al 501(c) ( 3 )' (insert no) (a)(1) or EZ or 990-PF K Check [ ] if the organization is not a section 509(a)(3) supporting organization and its gross receipts are normally not more than $25,000 A Form 990-EZ or Form 990 return is not required, ut if the organization chooses to file a return, e sure to file a complete return L Add lines 5, 6, and 7, to line 9 to determine gross receipts; if $500,000 or more, file Form 990 instead of Form 990-EZ $ 278,829 ran I Revenue tx enses ana rvnan es in nei Assets or runs tsalances oee the Instruc uons for raft i. 1 Contriutions, gifts, grants, and similar amounts received 1 19, Program service revenue including government fees and contracts 2 172, Memership dues and assessments 3 4 Investment income 4 4, 503 5a Gross amount from sale of assets other than inventory 5a Less cost or other asis and sales expenses 5 c Gain or (loss) from sale of assets other than inventory (Sutract line 5 from line 5a) Sc 6 Special events and activities (complete applicale parts of Schedule G) If any amount is from gaming, check h ere w a Gross revenue (not including $ of contriutions ic, reported on line 1) 6a Less direct expenses other than fundraising expenses 6 c Net income or (loss) from special events and activities (Sutract line 6 from line 6a) 6c 7a Gross sales of inventory, less returns and allowances 7a 77, 557 Less cost of goods sold 7 36, 227 c Gross profit or (loss) from sales of inventory (Sutract line 7 from line 7a) 7c 41, 330 LU 8 Other revenue (descrie See Statement 1 8 4, 335 E 9 Total revenue. Add lines 1, 2, 3, 4, 5c 6c, 7c, and , Grants and similar amounts paid (attach schedule) f-j Benefits paid to or for memers 2 2a}o Q Salaries, other compensation, and employee enefits (%^ Professional fees and other payments to independent contractors 13 L(O)G DEZ UT c 14 Occupancy, rent, utilities, and maintenance 14, W 15 Printing, pulications, postage, and shipping is Other expenses (descrie See Statement 2 ) 16 55, Total ex penses. Add lines 10 throug h , Excess or (deficit) for the year (Sutract line 17 from line 9) 18 6, 390 m 19 Net assets or fund alances at eginning of year (from line 27, column (A)) (must agree with _ Q end-of-year figure reported on prior years return) , 151 Z 20 Other changes in net assets or fund alances (attach explanation) 20! 21 Net assets or fund alances at end of year Comine lines 18 throu g h , 541 Part II Balance Sheets. If Total assets on line 25, column ( B ) are $1,250, 000 or more, file Form 990 instead of Form 990-EZ (See the instructions for Part II) (A) Beginning of year (B) End of year 22 Cash, savings, and investments 276, , Land and uildings Other assets (descrie See Statement 3 ) 53, , Total assets 330, , Total liailities (descrie See Statement , Net assets or fund alances ( line 27 of column ( B ) must a g ree with line 21 ) 329, , 541 Form 990-EZ (2009) For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. DAA

2 , /29/ PM Form990-EZ 2009 INSTE BIBLE COLLEGE Page 2 k Part III I Statement of Pro ram Service Accom p lishments ( See the instructions for Part III. Expenses What is the organization 's primary exempt purpose? ( Required for section RELIGIOUS EDUCATION A THE LOCAL CHURCH LEVEL 501(c)(3 ) and 501(c)(4) Descrie what was achieved in carrying out the organization's exempt purposes In a clear and concise organizations and section manner, descrie the services provided, the numer of persons enefited, or other relevant information for 4947 (a)(1) trusts, optional each p ro g ram title. for others ) 28 See Statement 5 29 (Grants $ If this amount includes forei g n g rants, check here I I 28a 178, (Grants $ If this amount includes forei g n g rants, check here rl 29a (Grants $ If this amount includes foreig n g rants, check here F1 30a 31 Other program services ( attach schedule) (Grants $ If this amount includes forei g n g rants, check here n 31a 32 Total prog ram service ex penses ( add lines 28a throu g h 31a , 536 L Part IV 1 List of Officers, Directors, Trustees, and Key Em p loyees. List each one even if not com pensated. See the instructions for Part IV () Title and average (c) Compensation ( d) Contriutions to (e) Expense (a) Name and address hours per week ( If not paid, employee enefit plans account and devoted to position enter -0-. ) deferred com p ensation other allowances REV VINCE MCCARTY JOHNSTON 8900 OAKDALE DR IA DR LEONA VENDITTI DES MOINES 2811 SE 22ND ST UNIT 1240 IA DR. NICHOLAS VENDITTI DES MOINES 2811 SE 22ND ST UNIT 1240 IA REV LOIS MCCARTY JOHNSTON 8900 OAKDALE DRIVE IA DR. DONALD BRYAN EUGENE 1017 ELLSWORTH ST OR REV PAUL CANFIELD DES MOINES 3812 THORNTON AVE IA DR. RIGOBERTO RAMOS CLEVELAND PO BO 2430 TN REV RICKY POON EUGENE 3863 ASHFORD DR OR EEC. VP , PRESIDENT , D/w, Form 990-EZ (2009)

3 M865 09/29/ PM Form 990-EZ (2009) INSTE BIBLE COLLEGE Page 3 1 Part V ; Other Information (Note the statement requirements in the instructions for Part V.) a 36 37a 38a 39 a 40a c d e 41 42a c 43 Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed description of each activity Were any changes made to the organizing or governing documents? If "Yes," attached a conformed copy of the changes If the organization had income from usiness activities, such as those reported on lines 2, 6a, and 7a (among others), ut not reported on Form 990-T, attach a statement explaining why the organization did not report the income on Form 990-T. Did the organization have unrelated usiness gross income of $1,000 or more or was it suject to section 6033(e) notice, reporting, and proxy tax requirements? If "Yes," has it filed a tax return on Form 990 -T for this year? Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If "Yes," complete applicale parts of Schedule N Enter amount of political expenditures, direct or indirect, as descried in the instr. 137a Did the organization file Form POL for this year? Did the organization orrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the period covered y this return? If 'Yes,' complete Schedule L, Part II and enter the total amount involved 38 Section 501 (c)(7) organizations Enter. Initiation fees and capital contriutions included on line 9 Gross receipts, included on line 9, for pulic use of clu facilities 39 Section 501 (c)(3) organizations Enter amount of tax imposed on the organization during the year under section ; section , section 4955 Section 501 (c)(3) and 501 (c)(4) organizations Did the organization engage in any section 4958 excess enefit transaction during the year or is it aware that it engaged in an excess enefit transaction with a disqualified person in a prior year, and that the transaction has not een reported on any of the organization's prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I Section 501(c)(3) and 501(c)(4) organizations Enter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 Section 501 (c)(3) and 501 (c)(4) organizations Enter amount of tax on line 40c reimursed y the organization All organizations At any time during the tax year, was the organization a party to a prohiited tax shelter transaction? If "Yes," complete Form 8886-T List the states with which a copy of this return is filed None The organization's ooks are in care of LEONA VENDITTI Telephone no 2303 SW 3RD ST Located at ANKENY, IA ZIP + 4 At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a ank account, securities account, or other financial account)' If "Yes," enter the name of the foreign country See the instructions for exceptions and filing requirements for Form TD F , Report of Foreign Bank and Financial Accounts. At any time during the calendar year, did the organization maintain an office outside of the U S? If "Yes," enter the name of the foreign country. Section 4947(a)(1) nonexempt charitale trusts filing Form 990-EZ in lieu of Form 1041-Check here and enter the amount of tax-exempt interest received or accrued during the tax year 39a a a 40 40e c Yes No q 44 Did the organization maintain any donor advised funds? If "Yes," Form 990 must e completed instead of Form 990-EZ 45 Is any related organization a controlled entity of the organization within the meaning of section 512()(13)' If "Yes." Form 990 must e completed instead of Form 990-EZ No Form 990-EZ (2009) DAA

4 /29/ PM Form 990-EZ (2009) INSTE BIBLE COLLEGE Page 4 Part VI Section 501 ( c)(3) organizations and section 4947( a)(1) nonexempt charitale trusts only. All section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitale trusts must answer questions and com p lete the tales for lines 50 and Did the organization engage in direct or indirect political campaign activities on ehalf of or in opposition to Yes No candidates for pulic office? If 'Yes," complete Schedule C, Part I Did the organization engage in loying activities? If 'Yes,' complete Schedule C, Part II Is the organization operating a school as descried in section 170()(1)(A)(u)? If "Yes,' complete Schedule E 48 49a Did the organization make any transfers to an exempt non-chantale related organization? 49a If "Yes," was the related organization a section 527 organization? Complete this tale for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization If there is none, enter "None () Title and average (c) Compensation (d) Contriutions to (a) Name and address of each employee paid more hours per week employee enefit plans than $100,000 devoted to position deferred com p ensation None (e) Expense account and other allowances f Total numer of other employees paid over $100, Complete this tale for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization If there is none, enter "None "

5 /29/ PM SCHEDULE A (Form 990 or 990-EZ) Department of the Treasury Internal Revenue Service Name of the organization Pulic Charity Status and Pulic Support OMB No Complete if the organization Is a section 501(c)(3) organization or a section (a)(1) nonexempt charitale trust. Open to Pulic Attach to Form 990 or Form 990-EZ. See separate instructions. Inspection Employer identification numer INSTE BIBLE COLLEGE Part I I Reason for Pulic Charity Status (All organizations must complete this part.) See instructions. The organization is not a private foundation ecause it is (For lines 1 through 11, check only one ox ) 1 q A church, convention of churches, or association of churches descried in section 170 ( )(1)(A)(i). 2 q A school descried in section 170( )( 1)(A)(ii). (Attach Schedule E ) 3 q A hospital or a cooperative hospital service organization descried in section 170 ( )(1)(A)(iii). 4 A medical research organization operated in conjunction with a hospital descried in section 170 ( )(1)(A)(iii). Enter the hospital's name, 5 F1 city, and state An organization operated for the enefit of a college or university owned or operated y a governmental unit descried in section 170()(1)(A)(iv). (Complete Part II ) 6 q A federal, state, or local government or governmental unit descried in section 170()(1)(A)(v). 7 q An organization that normally receives a sustantial part of its support from a governmental unit or from the general pulic descried in section 170()(1)(A)(vi). (Complete Part II ) 8 q A community trust descried in section 170()(1)(A)(vi). (Complete Part II ) 9 An organization that normally receives (1) more than 33 1/3 % of its support from contriutions, memership fees, and gross receipts from activities related to its exempt functions-suject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated usiness taxale income (less section 511 tax) from usinesses acquired y the organization after June 30, 1975 See section 509(a)(2). (Complete Part III ) 10 q An organization organized and operated exclusively to test for pulic safety See section 509(a)(4). 11 q An organization organized and operated exclusively for the enefit of, to perform the functions of, or to carry out the purposes of one or more pulicly supported organizations descried in section 509(a)(1) or section 509(a)(2) See section 509(a)(3). Check the ox that descries the type of supporting organization and complete lines 11 a through 11 h a q Type I q Type II c q Type III-Functionally integrated d q Type III-Other e q By checking this ox, I certify that the organization is not controlled directly or indirectly y one or more disqualified persons other than foundation managers and other than one or more pulicly supported organizations descried in section 509(a)(1) or section 509(a)(2) f If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this ox g h (i) Since August 17, 2006, has the organization accepted any gift or contriution from any of the following persons? (i) A person who directly or indirectly controls, either alone or together with persons descried in (u) and (ui) elow, the governing ody of the supported organization's (ii) A family memer of a person descried in (i) aove'? (iii) A 35% controlled entity of a person descried in (I) or (u) aove? Provide the following information aout the suooorted organization(s) Name of supported organization (ii) EIN (iii) Type of organization (descried on lines 1-9 aove or IRC section (see instructions )) (Iv) Is the organization in col (1) listed in your governing document? (v) Did you notify the organization in col (I) of your support? (vl) Is the organization in col (I) organized in the US? Yes No Yes No Yes No II 11 ill Yes (vii) Amount of support No Total For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule A (Form 990 or 990-EZ) 2009 DAA

6 /29/ PM Schedule A (Form 990 or 990-EZ) 2009 INSTE BIBLE COLLEGE Page 2 Part II-- ; Support Schedule for Organizations Descried in Sections 170()(1)(A)(iv) and 170( )(1)(A)(vi) (Complete only if you checked the ox on line 5, 7, or 8 of Part I.) Section A, Pulic Support Calendar year (or fiscal year eginning in) (a) 2005 () 2006 (c) 2007 (d) 2008 (e) 2009 (f) Total I Gifts, grants, contriutions, and memership fees received (Do not include any "unusual grants ") 2 Tax revenues levied for the organization's enefit and either paid to or expended on its ehalf 3 The value of services or facilities furnished y a governmental unit to the organization without charge 4 Total. Add lines 1 through 3 5 The portion of total contriutions y each person (other than a governmental unit or pulicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) 6 Pulic su pp ort. Sutract line 5 from line 4 Section B. Total Su pport Calendar year (or fiscal year eginning In) (a) 2005 () 2006 (c) 2007 (d) 2008 (e) 2009 (f) Total 7 Amounts from line 4 8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources 9 Net income from unrelated usiness activities, whether or not the usiness is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets (Explain in Part IV) 11 Total support. Add lines 7 through Gross receipts from related activities, etc (see instructions) First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3) organization, check this ox and stop here Section C. Com p utation of Pulic Su pp ort Percenta g e 14 Pulic support percentage for 2009 (line 6, column (f) divided y line 11, column (f)) 14 % 15 Pulic support percentage from 2008 Schedule A, Part II, line % 16a 33 1 /3 % support test If the organization did not check the ox on line 13, and line 14 is 33 1/3 % or more, check this ox and stop here. The organization qualifies as a pulicly supported organization q 33 1/3 % support test If the organization did not check a ox on line 13 or 16a, and line 15 is 33 1/3 % or more, check this ox and stop here. The organization qualifies as a pulicly supported organization q 17a 10%-facts-and -circumstances test If the organization did not check a ox on line 13, 16a, or 16, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this ox and stop here. Explain in Part IV how the organization meets the "facts-and-circumstances" test The organization qualifies as a pulicly supported organization q 10%-facts -and-circumstances test If the organization did not check a ox on line 13, 16a, 16, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this ox and stop here. Explain in Part IV how the organization meets the "facts-and-circumstances" test The organization qualifies as a pulicly supported organization 18 Private foundation. If the organization did not check a ox on line 13, 16a, 16, 17a, or 17, check this ox and see instructions q H Schedule A (Form 990 or 990-EZ) 2009 DAA

7 /29/ PM I Schedule A (Form 990 or 990-EZ) 2009 INSTE BIBLE COLLEGE Page 3 Part III Support Schedule for Organizations Descried in Section 509(a)(2) (Complete only if you checked the ox on line 9 of Part I.) Section A..Pulic Su pp ort Calendar year (or fiscal year eginning in) (a) 2005 ( ) 2006 (c) 2007 (d) 2008 (e) 2009 (f) Total 1 Gifts, grants, contriutions, and memership fees received (Do not include any 'unusual grants ') 39, ,443 26, ,447 19, ,425 2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization ' s tax-exempt purpose 251, , , , , 491 1, 237,901 3 Gross receipts from activities that are not an unrelated trade or usiness under section Tax revenues levied for the organization's enefit and either paid to or expended on its ehalf 5 The value of services or facilities furnished y a governmental unit to the organization without charge 6 Total. Add lines 1 through 5 290, , , , , 326 1,388,326 7a Amounts included on lines 1, 2, and 3 received from disqualified persons c Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1 % of the amount on line 13 for the year Add lines 7a and 7 8 Pulic support ( Sutract line 7c from line 6 A 'A 3" Section B. Total Suaaort Calendar year ( or fiscal year eginning in) (a) 2005 () 2006 (c) 2007 (d) 2008 (e) 2009 (f) Total 9 Amounts from line 6 10a c Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources Unrelated usiness taxale income (less section 511 taxes) from usinesses acquired after June 30, 1975 Add lines 10a and Net income from unrelated usiness activities not included in line 10, whether or not the usiness is regularly carried on 12 Other income Do not include gain or loss from the sale of capital assets (Explain in Part IV ) 13 Total support. (Add lines 9, 1Oc, 11, and 12) 290, , , , ,326 1,388,326 9,644 33,719 5,586 5,005 4,503 58,457 9,644 33,719 5, 586 5, 005 4,503 58, , , , , , 446, First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3) organization, check this ox and stop here Section C. Com p utation of Pulic Su pp ort Percenta g e 15 Pulic support percentage for 2009 (line 8, column (f) divided y line 13, column (f)) % 16 Pulic su pport percentag e from 2008 Schedule A, Part III, line % Section D. Com p utation of Investment Income Percenta g e 17 Investment income percentage for 2009 (line 10c, column (f) divided y line 13, column (f)) 17 4% 18 Investment income percentage from 2008 Schedule A, Part III, line % _ 19a 33 1/3 % support tests If the organization did not check the ox on line 14, and line 15 is more than 33 1/3 %, and line 17 is not more than 33 1/3 %, check this ox and stop here. The organization qualifies as a pulicly supported organization 331/3 % support tests If the organization did not check a ox on line 14 or line 19a, and line 16 is more than 33 1/3 %, and line 18 is not more than 33 1/3 %, check this ox and stop here. The organization qualifies as a pulicly supported organization 20 Private foundation. If the organization did not check a ox on line 14, 19a, or 19, check this ox and see instructions , I Da4 Schedule A (Form 990 or 990 -EZ) q n

8 /29/ PM Schedule A (Form 990 or 990-EZ) 2009 INSTE BIBLE COLLEGE Page 4 Part IVJ Supplemental Information. Complete this part to provide the explanations required y Part II, line 10; Part II, line 17a or 17; and Part III, line 12. Provide any other additional information. See instructions. DAA Schedule A (Form 990 or 990 -EZ) 2009

9 20865 INSTE BIBLE COLLEGE 9/29/2010 5:03 PM Federal Statements FYE: 6/30/2010 Description Statement I - Form 990-EZ. Part I. Line 8 - Other Revenue Amount TITHE REBATES $ 2,356 OTHER REVENUE 1,979 Total $ 4,335 Statement 2 - Form 990-EZ, Part I, Line 16 - Other Expenses Description Amount Expenses $ PROMOTIONAL COSTS 4,625 OFFICE EPENSES 3,745 BOARD AND COMMITTEE EPENSE 899 INSURANCE 3,687 FINANCIAL AID 9,021 GRADUATION 2,888 NATIONAL CONVENTION 44 TELEPHONE 1,897 WEBSITE 206 BANK AND CREDIT CARD FEES 4,340 PROFESSIONAL FEES 9,715 ACCREDITATION EPENSES 11,463 STAFF SEARCH & RELOCATION 1,621 MISC 90 DONATIONS 1,725 Total $ 55,966 Statement 3 - Form 990 -EZ, Part II, Line 24 - Other Assets Beginning End of Description of Year Year Accounts Receivale $ 1,042 $ 3,643 Inventories for Sale or Use 41,230 32,638 OFFICE FURNITURE/EQUIPMENT 40,792 40,292 Less Accumulated Depreciation 37,406 39,731 ACCREDITATION FEES 7,883 5,683 53,541 42,525 Statement 4 - Form 990-EZ, Part II, Line 26 - Total Liailities Beginning End of Description of Year Year Accounts Payale and Accrued Expenses $ 1,308 $ 2,323 1,308 2,

10 20865 INSTE BIBLE COLLEGE 9/29/2010 5:03 PM Federal Statements FYE: 6/30/2010 Statement 5 - Form 990-EZ, Part III, Line 28 - Statement of Program Service Accomplishments Description THE ORGANIZATION PROVIDES LAY TRAINING TO INDIVIDUALS WITH THE PURPOSE OF RECIVING CERTIFICATES IN THE CHRISTIAN MINISTRY; AS WELL AS PROVIDES TRAINING TO FACILITATORS WHO COORDINATE LAY TRAINING AT THE LOCAL CHURCH LEVEL. THE ORGANIZATION ALSO PROVIDES TRAINING TO INDIVIDUALS IN LEADERSHIP DEVELOPMENT COURSES WITH THE INTENTION OF RECEIVING A DIPLOMA IN CHRISTIAN LEADERSHIP/MINISTRY. 5