Indian Bible College Annual Report 2022 - 2023 Financial Highlights
IBC is unique in its commitment to seeing students graduate debt free. This is especially important for the many students who continue on in Native ministry since their ministry opportunities often fail to pay a minimum living wage. IBC functions as a faith mission, with most faculty and staff raising their own support under a deputized fundraising system, and primary funding for the general operation of the school coming from donations and grants. This keeps tuition costs low, which is vital for prospective students, many of whom come from a financially disadvantaged background.
During the 2022-2023 academic year, 28 full-time-on-campus students were served (this includes seniors whose less-than-full-time course loads are offset by increased ministry, leadership and discipleship responsibilities), along with 8 part-time students, most of whom participated remotely in Tuesday night courses which are open to the community.
Financials
Indian Bible College just finished its twelfth year in a row “in the black”! We are incredibly grateful for the provision of God through the generosity of His people and the good stewardship of the IBC staff.
IBC is all about changed lives, not just filled heads, and the means to achieving this is found in the valiant efforts of the staff and faculty who serve by teaching, discipling, and fulfilling other supporting roles necessary to keep the school operating. The value of this “people power” is reflected in the financials– most of the school’s expenses are personnel related, and in order to keep tuition costs low enough for students to graduate debt free, these expenses are underwritten by the missionary support raised by most of the school’s paid staff. Cash donations to staff missionary support accounts provide more than half of IBC’s total contribution revenue. And during the 2022-2023 school year, almost $100,000 was gifted to the school in the form of donated classroom instruction provided by pastors (some retired, some not), teachers, and others with a plethora of professional experience, background and wisdom that they invested into IBC students.
Volunteers
Over the years, volunteers have helped shape everything from our campus to our curriculum and have been an integral part of graduating all of our students debt-free.
Throughout the 2022-2023 school year, maintenance volunteers helped with a variety of facilities upkeep and maintenance projects. 82 volunteers donated over 1,500 hours of service in this area—a value of over $30,000! Volunteers in IBC's lunch program provided meals for students and staff on Tuesdays and Thursdays after chapel. 16 different teams ranging from 1-10 people (and visiting from as far away as Virginia!) prepared and shared meals with the IBC campus community during the 2022-2023 school year. Student discipleship volunteers include Life Coaches, adjunct instructors, and chapel speakers. Life Coaches donated over 100 hours to come alongside freshman students in weekly coaching sessions this year.
Learn more at indianbible.org/volunteer.
Theology of Work
We believe and teach that meaningful work has a divine purpose unique to each individual. While at IBC it is hoped that students experience the following:
✔ A level of health that comes from good hard work.
✔ A productive way to fit into the community.
✔ A positive step in battling dependency and healing broken economies.
✔ A model for peer and community leadership.
✔ A preparation for future ministry by development of needed work skills in light of the likelihood of a need for bi-vocational work.
Summer Overseas
IBC’s vision is to see Native America cease to be the mission field and become a mission force. As part of our commitment to equipping Native Christians for biblical ministry and spiritual leadership to their people and the world, this last year marked the launch of IBC's Summer Overseas endeavor, with 10 staff and students traveling across the globe to engage in cross-cultural ministry. Thanks to the great generosity of the Lord's people, just over $35,000 was raised to make these trips possible. Check out the photo journals for more on the trips to Uganda, Israel, and France, and stay tuned for more on the upcoming 2024 Summer Overseas!
