Pillsbury Baptist Bible College in Owatonna, Minnesota (MN)

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Pillsbury Baptist Bible College
Employer Identification Number (EIN)410481700
Name of OrganizationPillsbury Baptist Bible College
Address315 S Grove Ave, Owatonna, MN 55060-3068
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date09/1940
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,381,148
Amount of Income$303,869
Form 990 Revenue Amount$288,628
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Community or Junior Colleges


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Amount of income in 2011: $303,869
This organization: 

 $303,869
Other organizations performing similar types of work: 

 $27,394,082

Assets in 2011: $2,381,148
This organization: 

 $2,381,148
Other organizations performing similar types of work: 

 $35,592,528

Expenses in 2011: $428,772
This organization: 

 $428,772
Other organizations performing similar types of work: 

 $20,126,182

Income to expenses ratio in 2011: 0.7
Pillsbury Baptist Bible College: 

 0.7
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2006: 87.9%
Pillsbury Baptist Bible College: 

 87.9%
Other organizations performing similar types of work: 

 80.3%

Number of employees in 2006: 117
Pillsbury Baptist Bible College: 

 117
Other organizations performing similar types of work: 

 425

Employees paid over $50,000 in 2006: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 14.0%

Grants share in income in 2011: 74.5%
This organization: 

 74.5%
Other organizations performing similar types of work: 

 10.1%

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$288,628
Contributions, Gifts, Grants and Other Similar Amounts$214,888
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$283
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$7,410
Gross rents (Real / Personal)$7,410 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$7,410 / $0
Net gain from sales of assets other than inventory$65,201
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $80,442
Less: cost or other basis and sales expenses (Securities / Other)$0 / $15,241
Gain or (loss) (Securities / Other)$0 / $65,201
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$846
Statement of Functional Expenses (for 2011)
Total functional expenses$428,772
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$103,343
Payroll taxes$8,062
Professional fundraising services$0
Other$317,367
Balance Sheet (for 2011)
Total assets$2,381,148
Total liabilities$2,084,770
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$704,738
Unsecured notes and loans payable to unrelated third parties$400,000
Other$980,032
Total net assets or fund balances$296,378
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220052006
Total revenue$2,299,008$2,545,498$2,551,812$2,915,452$3,508,035
Contributions, gifts, grants, and similar amounts received$372,193$431,369$457,447$762,858$889,762
Contributions to donor advised funds$0
Direct public support$372,193$216,703$220,233$533,413$685,069
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$214,666$237,214$229,445$204,693
Program service revenue including government fees and contracts$1,775,433$2,062,611$1,975,698$1,939,996$1,881,551
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$10,424$226$0$0$0
Dividends and interest from securities$119,602$12,070$23,705$32,931$56,415
Net rental income or (loss)$0$0$0$12,092$12,420
Gross rents$0$0$0$12,092$12,420
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$2,036$99,016$557,748
Gross amount from sales of assets other than inventory$0$0$24,600$1,087,352$1,180,597
Less: cost or other basis and sales expenses$0$0$22,564$988,336$622,849
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$21,356$39,222$92,926$68,559$110,139
Gross sales of inventory, less returns and allowances$66,412$101,444$157,789$114,196$129,478
Less: cost of goods sold$45,056$62,222$64,863$45,637$19,339
Other revenue$0$0$0$0$0
Total expenses$2,281,411$2,560,013$2,494,636$3,516,803$3,797,346
Program services$1,975,458$2,248,305$2,171,621$3,105,088$3,336,470
Management and general$154,617$164,658$172,696$217,482$242,510
Fundraising$151,336$147,050$150,319$194,243$218,366
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$4,560,267$4,030,275$4,058,630$3,247,789$3,072,631
Excess or (deficit) for the year$17,597$-14,515$57,176$-601,351$-289,311
Net assets or fund balances at beginning of year$5,307,999$4,560,267$4,030,275$3,833,098$3,247,789
Other changes in net assets or fund balances$-765,329$-515,477$-28,821$16,042$114,153
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,797,346$3,336,470$242,510$218,366
Grants paid from donor advised funds$0
Other grants and allocations$337,590
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$57,557$25,901$25,901$5,755
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,671,138$1,511,695$61,391$98,052
Pension plan contributions not included above$15,506$6,978$6,977$1,551
Employee benefits not included above$276,001$238,051$20,700$17,250
Payroll taxes$100,077$86,316$7,506$6,255
Professional fundraising fees$0$0$0$0
Accounting fees$13,675$0$13,675$0
Legal fees$2,711$0$2,711$0
Supplies$251,681$208,895$25,168$17,618
Telephone$16,489$13,191$1,649$1,649
Postage and shipping$22,201$5,550$5,550$11,101
Occupancy$334,000$317,300$16,700$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$39,623$24,962$0$14,661
Travel$54,047$39,049$2,702$12,296
Conferences, conventions, and meetings$5,210$990$52$4,168
Interest$140,705$140,705$0$0
Depreciation, depletion, etc.$138,982$132,033$6,949$0
Other expenses not covered above$320,153$247,264$44,879$28,010
Balance Sheets
20002001200220052006
Total assets$5,053,542$4,597,145$4,573,921$5,392,996$5,347,625
Cash - non-interest-bearing$113,421$69,659$98,785$22,742$169,618
Savings and temporary cash investments$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$39,073$50,079$63,336$108,228$131,093
Pledges receivable less allowance for doubtful accounts$0$0$0$0$123,000
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$34,624$39,976$30,341$41,782$39,394
Prepaid expenses and deferred charges$7,550$7,053$8,388$23,032$28,121
Investments - publicly-traded securities$2,053,099
Investments - other securities$2,437,907$1,944,261$1,915,305$2,101,254$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$2,336,415$2,417,237$2,404,810$2,795,958$2,803,300
Other assets, including program-related investments$84,552$68,880$52,956$300,000$0
Total liabilities$493,275$566,870$515,291$2,145,207$2,274,994
Accounts payable and accrued expenses$79,500$105,922$101,434$232,727$157,817
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$10,935$11,525
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$124,245$188,978$186,524$1,736,977$1,982,653
Other liabilities$289,530$271,970$227,333$164,568$122,999
Total liabilities and net assets/fund balances$5,053,542$4,597,145$4,573,921$5,392,996$5,347,625
Total net assets or fund balances$4,560,267$4,030,275$4,058,630$3,247,789$3,072,631
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220052006
Total revenue$2,299,008$2,545,498$2,551,812$2,915,452$3,508,035
Total revenue, gains, and other support per audited financial statements$1,578,735$2,092,243$2,587,854$2,931,494$3,622,188
Other expenses$-720,273$-453,255$36,042$16,042$114,153
Net unrealized gains on investments$-765,329$-515,477$-28,821$16,042$114,153
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$45,056$62,222$64,863$0$0
Other revenue$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220052006
Total expenses$2,281,411$2,560,013$2,494,636$3,516,803$3,797,346
Total expenses and losses per audited financial statements$2,326,467$2,622,235$2,559,499$3,516,803$3,797,346
Other revenue$45,056$62,222$64,863$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$45,056$62,222$64,863$0$0
Other expenses$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings21
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006117
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$329,270$2,289,003
Program service revenue
Program service revenue 1000000$000$0$1,318,089
Program service revenue 2000000$000$0$512,313
Program service revenue 3000000$000$0$51,149
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$56,415$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$12,420
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$162,716$395,032
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$110,139$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120042005
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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1Young Harris CollegePO BOX 68, Young Harris, GA 30582-0068GA1942-04$131,091,454
2Board Of Trustees Of Essex County College303 University Ave, Newark, NJ 07102-1719NJ1968-08$125,511,181
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5Santa Fe College3000 Nw 83rd St F40, Gainesville, FL 32606-6210FL1970-04$77,357,330
6North Greenville UniversityPO BOX 1892, Tigerville, SC 29688-1892SC1946-07$69,779,245
7Dean College99 Main St, Franklin, MA 02038-1941MA1946-09$68,025,754
8Cottey College1000 W Austin Blvd, Nevada, MO 64772-2763MO1959-06$62,370,969
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10Northwest University5520 108 Ave Ne Davis Admn Bld, Kirkland, WA 98033WA1964-08$41,858,606
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14Pillsbury Baptist Bible College315 S Grove Ave, Owatonna, MN 55060-3068MN1940-09$303,869
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18Associated Talmud Torahs Of Chicago2828 W Pratt Blvd, Chicago, IL 60645-4314IL1942-04$0
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Number of organizations performing similar types of work
California2
Connecticut1
Florida2
Georgia1
Illinois4
Kentucky1
Massachusetts3
Michigan2
Minnesota3
Missouri2
North Carolina3
New Jersey1
New York3
Ohio1
Oklahoma1
Pennsylvania1
South Carolina2
Tennessee2
Texas2
Washington2
Total39

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