NonprofitsIbac 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
$11K
Program Support
2024
$55K
RELIGIOUS MINISTRY
2023
$10K
PUBLIC, SOCIETAL BENEFIT
2023

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

Details

EIN843874964
Subsection03
Ruling date2019-11
Formed2019
Employees0
IBAC CORPORATION — Mission, Financials & Grants Received | Grantivo