Shelby Kennedy Foundation Inc
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-0275948
Organization Overview
Shelby Kennedy Foundation Inc, operating under the name The National Bible Bee, is located in San Antonio, TX. The organization was established in 2009. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Bible Bee is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Bible Bee generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY DISCIPLESHIP THROUGH BIBLE STUDY, SCRIPTURE MEMORIZATION, PRAYER, AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL BIBLE BEE CONTESTS WERE HELD JUNE 1 - AUGUST 10, SUPPORTED BY 240LOCAL HOSTS. 5,941 COMPETITORS (CHILDREN AND YOUTH FROM THE AGES OF 7TO 18) DEMONSTRATED THEIR LEARNING OF THE BIBLE IN THE FORM OF BOTHMEMORIZED BIBLE VERSES AND KNOWLEDGE OF BIBLE FACTS. WINNERS WEREDETERMINED BY A WRITTEN TEST ONLINE.
SHELBY KENNEDY FOUNDATION, INC. HOSTED AND EXECUTED THE NATIONAL BIBLEBEE CONTEST HELD IN COVINGTON, KENTUCKY, WHERE OVER 370 CHILDREN ANDYOUTH, AGES 7 TO 18, WERE INVITED FROM THE LOCAL CONTESTS TOPARTICIPATE IN THIS NATIONAL EVENT. THE EVENT WAS HELD NOVEMBER 17-20,2021. THE COMPETITORS WERE DRAWN FROM EACH OF THREE AGE GROUPS:PRIMARY (AGES 7-10), JUNIOR (AGES 11-14), AND SENIOR (AGES 15-18). THECONTESTANTS COMPETED FOR PRIZE MONEY WITH THEIR KNOWLEDGE OF THE BIBLE,BOTH IN MEMORIZED BIBLE VERSES AND BIBLE FACTS. ELECTRONIC AND ORALTESTING DETERMINED MULTIPLE WINNERS IN THESE CATEGORIES. AT THE END OFTHE NATIONAL BIBLE BEE COMPETITION, PRIZES TOTALING JUST OVER $175,000IN THE FORM OF CASH AND/OR SCHOLARSHIPS WERE AWARDED TO THE TOP FIVECOMPETITORS IN EACH AGE GROUP.
SOME EXPENSES WERE INCURRED WHICH MAY BE FOR MULTIPLE PROGRAMS AND FOR THE OVERALL ORGANIZATION'S MISSION. TYPICALLY, THEY WERE INCURRED FOR BOTH THE LOCAL PROGRAM AND THE NATIONALS PROGRAM, BUT THERE WAS NOT DEFINED ALLOCATION OF THE COST. FOR THOSE CHARGES WHICH WERE INCURRED FOR THE USE IN MULTIPLE PROGRAMS, THE EXPENSES WERE CATEGORIZED AS OTHER PROGRAM SUPPORT EXPENSES.
NET SALES OF INVENTORY THROUGH THE LOCAL AND NATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbi Kennedy Director / Secretary | OfficerTrustee | 1 | $0 |
Brian Mullins Executive Director Of Operations | Officer | 1 | $0 |
Kimberly Feltner Treasurer | Officer | 0 | $0 |
Jason Cone President And Assistant Secretary | Officer | 1 | $0 |
Michael Farris Chairman | Trustee | 1 | $0 |
James R Leininger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $763,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $763,468 |
| Total Program Service Revenue | $331,390 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,083 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,090,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $175,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $800 |
| Payroll taxes | $0 |
| Fees for services: Management | $80,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $384,864 |
| Advertising and promotion | $18,893 |
| Office expenses | $114,432 |
| Information technology | $13,675 |
| Royalties | $0 |
| Occupancy | $26,168 |
| Travel | $94,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,137 |
| Insurance | $19,657 |
| All other expenses | $227,923 |
| Total functional expenses | $1,675,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,887 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,173,573 |
| Other assets | $0 |
| Total assets | $2,859,316 |
| Accounts payable and accrued expenses | $681,462 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $681,462 |
| Net assets without donor restrictions | $2,177,854 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,859,316 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shelby Kennedy Foundation Inc has recieved totaling $750,026.
| Awarding Organization | Amount |
|---|---|
Covenant Foundation Inc San Antonio, TX PURPOSE: GENERAL FUNDING | $750,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |
La Promesa Foundation Midland, TX | $6,255,131 | $5,059,198 |