LBC's mission is "to educate preachers and other Christian leaders for Christ's Church."

The college is authorized to grant degrees in the Commonwealth of Kentucky as a religious institution with a letter on file with the Council on Postsecondary Education.

Students are encouraged to participate in campus life (such as cookouts with administration, faculty and staff) and to cultivate a network of Christian mentors and friends.

Chapel services are held and are considered to be an important part of Student Life.

The board is responsible for hiring the President, setting policy, approving the budget, securing adequate funding/resources, and advancing the mission of the institution.