Nonprofits›Ibac Corporation
Ibac Corporation
ELKMONT, AL
Total revenue
$469K
Total expenses
$446K
Net assets
$272K
Grants received
$101K
6 grants
EIN
843874964
Tax year
2024
Mission
Providing religious and theological training to pastors and leaders
Programs
1 program
All other operating expenses
Expenses: $394K
Financials
FY 2024
Revenue
Contributions & grants$469K
Program service revenue—
Investment income—
Other revenue—
Total revenue$469K
Expenses
Grants paid—
Salaries & benefits$225K
Fundraising—
Other expenses$221K
Total expenses$446K
Total assets$343K
Net assets$272K
People
4 listed
NameRoleCompensation
Jay Grooters
Vice President
Staff
$66K
20 hrs/wk
Amy Grooters
Treasurer
Staff
$9K
20 hrs/wk
Jerry Vickers
Secretary
Staff
—
1 hrs/wk
James L Wilson
President
Staff
—
40 hrs/wk
Grants received
Showing 6 of 6
FromAmountPurposeYear
Funded by
$101K from 4 funders · 6 grants · 2022–2024
Servant Foundation
$55K · 1 grant · 2023
Natl Christian Charitable Fdn Inc
$26K · 3 grants · 2022–2023
The New Horizons Foundation Inc
$11K · 1 grant · 2024
Donor Advised Charitable Giving Inc
$10K · 1 grant · 2023
Details
EIN843874964
Subsection03
Ruling date2019-11
Formed2019
Employees0