Berean Way Inc
- Assets
- $37.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tualatin, OR
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 59-3810598
Organization Overview
Berean Way Inc is located in Tualatin, OR. The organization was established in 2005. 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. Berean Way Inc 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 12/2023, Berean Way Inc generated $38.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $40.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MAJORITY OF OUR EFFORTS THIS YEAR WERE SPENT INVESTING INTO OUR LONG-TIME RELATIONSHIPS WITH THE PASTORS AND LEADERS IN RURAL INDIA CONTINUING THE WORK OF BIBLE TRAINING AND DISCIPLE MAKING. SEVERAL THOUSAND PEOPLE WERE SERVED AND DOZENS WERE SPECIFICALLY INVESTED INTO AS THE MAIN LEADERS IN THEIR VILLAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Valdes President | 20 | $0 | |
Todd Melrose Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,708 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,708 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,044 |
| Total expenses | $40,044 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,248 |
| Other assets | $0 |
| Total assets | $37,248 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,248 |