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Maryland Bible College & Seminary Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Details

According to its July 2024 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$327k (2024)

Expenses
$319k (2024)

Total Assets
$790k (2024)

Total Liabilities
$167k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,332
Expenses
$318,695
Net Income
$8,637
Net Assets
$623,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,020
30.6%
Program Services $227,287
69.4%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $97,387
30.6%
Assets/Debt
Total Assets $790,475
Total Liabilities $167,177
Net Assets $623,298
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Taggart (Coo) $58,000 $0 $0
Barry Quirk (Trustee) $56,500 $0 $0
Robert Colban (Elder) $0 $0 $0
Douglas Brooks (Trustee) $0 $0 $0
Peter Westera (Trustee) $0 $0 $0
Craig Pereira (Trustee) $0 $0 $0
Isaac Hoffses (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending July
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,157,140
Expenses
$356,862
Net Income
$800,278
Net Assets
$614,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $904,753
78.2%
Program Services $251,463
21.7%
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $907
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $796,731
Total Liabilities $182,070
Net Assets $614,661
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Colban (Elder) $0 $0 $0
Peter Taggart (Coo) $0 $62,846 $0
Douglas Brooks (Trustee) $0 $0 $0
Peter Westera (Trustee) $0 $0 $0
Barry Quirk (Trustee) $0 $56,846 $0
Craig Pereira (Trustee) $0 $0 $0
Isaac Hoffses (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$259,396
Expenses
$327,716
Net Income
-$68,320
Net Assets
-$185,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,389
4.0%
Program Services $257,490
99.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$8,483
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $166,998
51.0%
Assets/Debt
Total Assets $20,082
Total Liabilities $205,699
Net Assets -$185,617
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Taggart (Director) $0 $57,500 $0
Douglas Brooks (Director) $0 $0 $0
Robert Colban (Director) $0 $0 $0
Isaac Hoffses (Director) $0 $0 $0
Craig Pereira (Director) $0 $0 $0
Barry Quirk (Director) $0 $0 $0
Peter Westera (Director) $0 $0 $0
Thomas Schaller (Senior Pastor) $0 $86,855 $0
Philippe Serrradji (Bible College Director) $0 $52,500 $0
Bill Alderson (Controller) $0 $31,200 $0

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$206,018
Expenses
$246,077
Net Income
-$40,059
Net Assets
-$117,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,672
0.8%
Program Services $204,346
99.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $141,165
57.4%
Assets/Debt
Total Assets $36,405
Total Liabilities $153,702
Net Assets -$117,297
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Taggart (Director) $0 $58,654 $0
Douglas Brooks (Director) $0 $0 $0
Robert Colban (Director) $0 $0 $0
Craig Pereira (Director) $0 $0 $0
Peter Westera (Director) $0 $0 $0
Michael Williams (Director) $0 $0 $0
Barry Quirk (Director) $0 $54,519 $0
Bill Alderson (Controller) $0 $14,658 $0
Thomas Schaller (Senior Pastor) $0 $90,958 $0

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,220
Expenses
$229,139
Net Income
-$54,919
Net Assets
-$77,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $174,220
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $59,324
Total Liabilities $136,562
Net Assets -$77,238
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thomas Schaller (Senior Pastor) $53,720 $0 $33,000
Barry Quirk (Director) $48,626 $0 $0
Peter Taggart (Secretary) $39,850 $0 $16,400
Aedan O'connell (Financial Controller) $26,699 $0 $23,800
Robert Colban (Chair) $0 $0 $0
Douglas Brooks (Treasury) $0 $0 $0
Michael Williams (Director) $0 $0 $0
Peter Westera (Director) $0 $0 $0
Craig Pereira (Director) $0 $0 $0
Isaac Hoffses (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$217,363
Expenses
$227,489
Net Income
-$10,126
Net Assets
-$22,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $947
0.4%
Program Services $214,991
98.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,425
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,932
Total Liabilities $64,251
Net Assets -$22,319
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thomas Schaller (Senior Pastor) $49,433 $0 $33,000
Barry Quirk (Director) $43,000 $0 $0
Peter Taggart (Director) $38,696 $0 $16,400
Aedan O'connell (Financial Controller) $25,400 $0 $23,800
Robert Colban (Director) $0 $0 $0
Michael Williams (Director) $0 $0 $0
Douglas Brooks (Director) $0 $0 $0
Perter Westera (Director) $0 $0 $0
Craig Pereira (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$165,297
Expenses
$213,271
Net Income
-$47,974
Net Assets
-$12,193
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,675
1.6%
Program Services $161,290
97.6%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,328
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $95,293
44.7%
Assets/Debt
Total Assets $38,599
Total Liabilities $50,792
Net Assets -$12,193
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter S Taggart (Secretary) $0 $38,680 $16,320
Robert J Colban (Director) $0 $0 $0
Michael Williams (Chair) $0 $0 $0
Jomy Atony (Vice Chaire, Resigned 12/17) $0 $0 $0
Douglas G Brooks (Treasurer) $0 $0 $0
Thomas Schaller (Senior Pastor) $0 $53,433 $29,000
Barry Quirk (Director) $0 $42,385 $0
Perter Westera (Director) $0 $0 $0
Aedan O'connell (Financial Controller) $0 $26,700 $23,800

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$186,979
Expenses
$209,926
Net Income
-$22,947
Net Assets
$35,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $292
0.2%
Program Services $186,583
99.8%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $100
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,921
Total Liabilities $6,140
Net Assets $35,781
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter S Taggart (Secretary) $0 $31,168 $17,050
Robert J Colban (Director) $0 $0 $0
Michael Williams (Chairman) $0 $0 $0
Jomy Antony (Vice Chairman) $0 $0 $0
Douglas G Brooks (Treasurer) $0 $0 $0
Thomas Schaller (Presiding Elder) $0 $54,069 $29,000
Barry Quirk (Director) $0 $42,000 $0
Peter Westera (Director) $0 $0 $0
Aedan O'connell (Financial Controller) $0 $50,500 $0

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$173,861
Expenses
$189,561
Net Income
-$15,700
Net Assets
$58,728
Notable Sources of Revenue Percent of Total Revenue
Contributions $500
0.3%
Program Services $173,305
99.7%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $50
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,044
Total Liabilities $9,316
Net Assets $58,728
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter S Taggart (Secretary) $0 $31,168 $17,050
Robert J Colban (Director) $0 $0 $0
Michael Williams (Chairman) $0 $0 $0
Jomy Antony (Vice Chairman) $0 $0 $0
Douglas G Brooks (Treasurer) $0 $0 $0
Thomas Schaller (Presiding Elder) $0 $54,069 $29,000
Barry Quirk (Director) $0 $42,000 $0
Peter Westera (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$199,527
Expenses
$180,854
Net Income
$18,673
Net Assets
$74,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,972
1.5%
Program Services $192,139
96.3%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,409
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $89,164
Total Liabilities $14,736
Net Assets $74,428
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter S Taggart (Secretary) $0 $31,168 $17,050
Robert J Colban (Director) $0 $0 $0
Michael Williams (Chairman) $0 $0 $0
Jomy Antony (Vice Chairman) $0 $0 $0
Douglas G Brooks (Treasurer) $0 $0 $0
Thomas Schaller (Presiding Elder) $0 $54,069 $29,000
Brian D Lange (Former Director) $0 $35,808 $18,808

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$164,491
Expenses
$184,278
Net Income
-$19,787
Net Assets
$55,755
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,840
1.1%
Program Services $161,232
98.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,419
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $76,914
41.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $72,022
Total Liabilities $16,267
Net Assets $55,755
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter S Taggart (Secretary/Treasurer) $0 $34,217 $0
Brian D Lange (Director) $0 $30,631 $0
Robert Colban (Director) $0 $0 $0
Jomy Anthony (Vice Chairman) $0 $0 $0
Michael Williams (Chairman) $0 $0 $0
Douglas Brooks (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$213,150
Expenses
$189,702
Net Income
$23,448
Net Assets
$75,542
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,490
0.7%
Program Services $208,356
97.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,304
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $80,951
42.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $93,133
Total Liabilities $17,591
Net Assets $75,542

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205,138
Expenses
$197,765
Net Income
$7,373
Net Assets
$52,094
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,326
1.1%
Program Services $196,210
95.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,602
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $85,373
43.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $57,423
Total Liabilities $5,329
Net Assets $52,094

Document Links

Fiscal Year Ending July
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$223,336
Expenses
$236,264
Net Income
-$12,928
Net Assets
$44,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,385
2.0%
Program Services $212,107
95.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,844
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $100,361
42.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,929
0.8%
Assets/Debt
Total Assets $98,876
Total Liabilities $54,155
Net Assets $44,721

Document Links

Fiscal Year Ending July
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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