Reformation Bible College
The information on this page was last updated 5/13/2026. If you see errors or omissions, please email: [email protected]
Summary
A Bible College like No Other
Contact information
Mailing address:
Reformation Bible College
451 Ligonier Court
Sanford, FL 32771
Website: reformationbiblecollege.org
Phone: 888.RBC.1517
Email: [email protected]
Organization details
EIN: 463103295
CEO/President: John Tweedale
Chairman: Robert Wohleber
Board size: 7
Founder: R.C. Sproul
Ruling year: 2015
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since:
Purpose
The vision of Reformation Bible College is to be faithful in educating students in the historic Christian faith, as affirmed in the Reformed confessions, so that they know, serve, and worship God in all of life.
Mission statement
We seek to equip students in the knowledge of God and His holiness, that they may glorify and enjoy Him in any career they enter.
Statement of faith
Articles
| 5/29/2026 | Reformation Bible College Receives 'Withhold Giving' Donor Confidence Score |
Donor confidence score
This organization does not file a Form 990.
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
This ministry has not been rated.
According to the organization's Form 990, it received $242,800 in government grants in 2020.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 1% | 20% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 0% | 5% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 90% | 24% | 0% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 10% | 76% | 100% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 85% | 84% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 26% | 264% | 345% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 22% | 222% | 282% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 74% | -164% | -245% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 6620% | 22% | 27% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 14% | 14% | 16% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 8.34 | 20.62 | 17.93 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 1.00 | 1.31 | 1.26 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 8.34 | 26.98 | 22.55 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 1.54 | 0.71 | 1.84 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.65 | 1.40 | 0.54 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.96 | 0.50 | -0.18 | 0.24 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 65% | 5908% | 4877% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 4% | -282% | -266% |
Financials
| Balance sheet | |||
| Assets | 2020 | 2019 | 2018 |
| Cash | $332,893 | $76,348 | $81,946 |
| Receivables, inventories, prepaids | $59,965 | $41,755 | $34,493 |
| Short-term investments | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 |
| Total current assets | $392,858 | $118,103 | $116,439 |
| Long-term investments | $0 | $0 | $0 |
| Fixed assets | $0 | $0 | $0 |
| Other long-term assets | $0 | $36,450 | $30,000 |
| Total long-term assets | $0 | $36,450 | $30,000 |
| Total assets | $392,858 | $154,553 | $146,439 |
| Liabilities | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $245,263 | $160,877 | $59,649 |
| Other current liabilities | $9,923 | $4,808 | $3,644 |
| Total current liabilities | $255,186 | $165,685 | $63,293 |
| Debt | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $8,965,118 | $7,078,859 |
| Total long-term liabilities | $0 | $8,965,118 | $7,078,859 |
| Total liabilities | $255,186 | $9,130,803 | $7,142,152 |
| Net assets | 2020 | 2019 | 2018 |
| Without donor restrictions | ($459,618) | ($9,376,250) | ($7,395,713) |
| With donor restrictions | $597,290 | $400,000 | $400,000 |
| Net assets | $137,672 | ($8,976,250) | ($6,995,713) |
| Revenues and expenses | |||
| Revenue | 2020 | 2019 | 2018 |
| Total contributions | $11,125,601 | $294,593 | $0 |
| Program service revenue | $1,238,929 | $889,649 | $751,317 |
| Membership dues | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Other revenue | $26,086 | $21,746 | $10,035 |
| Total other revenue | $1,265,015 | $911,395 | $761,352 |
| Total revenue | $12,390,616 | $1,205,988 | $761,352 |
| Expenses | 2020 | 2019 | 2018 |
| Program services | $2,773,391 | $2,672,980 | $2,143,345 |
| Management and general | $443,303 | $453,527 | $419,056 |
| Fundraising | $60,000 | $60,018 | $63,071 |
| Total expenses | $3,276,694 | $3,186,525 | $2,625,472 |
| Change in net assets | 2020 | 2019 | 2018 |
| Surplus (deficit) | $9,113,922 | ($1,980,537) | ($1,864,120) |
| Other changes in net assets | $0 | $0 | $0 |
| Total change in net assets | $9,113,922 | ($1,980,537) | ($1,864,120) |
Compensation
| Name | Title | Compensation |
| Christopher Larson | Director | $334,441 |
| Dr Stephen Nichols | Chairman/President RBC | $265,995 |
| James Moore | VP Operations/Secretary | $186,896 |
| Diane Berry | Treasurer | $161,973 |
| Vesta Sproul | Director | $113,128 |
| Dr W Robert Godfrey | Director | $87,332 |
Compensation data as of: 12/31/2020
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/13/2026. To update the information below, please email: [email protected]
History
Dr. R.C. Sproul founded Reformation Bible College in 2011. Throughout his career, he dreamed of establishing a college where the system of theology found in Scripture and outlined in the Reformed confessions could be taught by a trusted faculty to the next generation.
The early Ligonier Valley Study Center laid the foundation as a place where students could receive discipleship from Dr. Sproul and other Reformed theologians. A trip to Geneva offered the final inspiration. Seeing John Calvin's academy impressed upon Dr. Sproul the importance of theological higher education for sharpening minds, forming Christian character, and strengthening callings for the glory of God.
After much prayer and labor, the dream became a reality. Reformation Bible College opened its doors in fall 2011, welcoming the first class of 27 students. RBC's campus expanded in the following years, opening Founders Hall in 2019 and our residence hall in 2022.
We look back with gratitude on the Lord's faithfulness to RBC's staff, faculty, and students. We also look forward in anticipation of what the Lord will continue to do through the ministry of Reformation Bible College.