Mission
Providing religious and theological training to leaders and pastors
Public Charity
IBAC Corporation
IBAC Corporation is a Public Charity headquartered in Elkmont, AL. Financial data from the 2025 filing: $622K revenue, $578K expenses, $355K total assets. 7 publicly reported grants to this organization, totaling roughly $113K, appear in IRS filings.
EIN: 843874964
Elkmont, AL
Latest filing: 2025
Total Revenue$622K
Total Expenses$578K
Total Assets$355K
Grant Records7
Funding Total$113K
Filing Years2022–2025
Sample Grants Received
PUBLIC, SOCIETAL BENEFIT
$11,600
Program Support
$10,600
RELIGIOUS MINISTRY
$55,000
EVANGELISM
$14,000
PUBLIC, SOCIETAL BENEFIT
$9,500
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
Treasurer
Amy Grooters
President
James L Wilson
Vice President
Jay Grooters
Secretary
Jerry Vickers
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $622K | $578K | $355K |
| 2024 | $469K | $446K | $343K |
| 2023 | $363K | $300K | $311K |
| 2022 | $411K | $225K | $205K |
Between 2022 and 2025, reported annual revenue grew from $411K to $622K (+51%), with total assets most recently reported at $355K.
Interactive year-over-year charts and full filing details available with membership.