Foundation For Middle Eastern New Testament Studies
- Assets
- $333.3k
- Revenue
- $18.1k
- Investments
- $322.8k
- Employees
- 0
- Location
- Mercer, PA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 56-2545392
Organization Overview
Foundation For Middle Eastern New Testament Studies is located in Mercer, PA. The organization was established in 2007. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, 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. Foundation For Middle Eastern New Testament Studies 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 12/2022, Foundation For Middle Eastern New Testament Studies generated $18.1k 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 (8.7%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITY RENTAL TO HOUSE AUTHOR CONDUCTING RESEARCH AT YALE UNIVERSITY IN ORDER TO WRITE BIOGRAPHY OF DR KEN BAILEY FOUNDER OF FOMENTS
PROGRAM SUPPORT TO THE CENTER FOR MIDDLE EASTERN NEW TESTAMENT STUDIES AT THE EVANGELICAL THEOLOGICAL SEMIMARY OF CAIRO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Dawson President | 2 | $0 | |
William P Crooks Vice President Secretary | 0.5 | $0 | |
Ethel J Bailey Director | 0.5 | $0 | |
Thomas Mansell Attorney Director | 0.5 | $0 | |
Pamela Maloney Director | 0.5 | $0 | |
Riichard Kinney Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,756 |
| Capital Gain Net Income | $4,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,151 |
| Total operating and administrative expenses | $16,964 |
| Contributions, gifts, grants paid | $16,500 |
| Total expenses and disbursements | $33,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,957 |
| Savings and temporary cash investments | $8,489 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $311,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $333,289 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |