Biblical Faith Ministries Inc
- Assets
- $6.2k
- Revenue
- $144.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Abilene, TX
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 75-2234438
Organization Overview
Biblical Faith Ministries Inc is located in Abilene, TX. The organization was established in 1991. 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. Biblical Faith Ministries 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, Biblical Faith Ministries Inc generated $144.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $137.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
JEWISH CHARITABLE AND EDUCATIONAL OUTREACH: PRINT, INTERNET, MULTI-MEDIA. EDUCATIONAL AND CHARITY WORKS IN USA AND ISRAEL. GIFTS AND INTEREST FREE LOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JEWISH BIBLE, TALMUD EDUCATIONAL INTERNET PROGRAMING AT WWW.BIBLICALFAITHABILENE.COM AND YOUTUBE.COM. JEWISH EDUCATIONAL WEB MAGAZINE ARTICLES AND WEBSITES AT BIBLICALFAITHABILENE.COM. BOOK PRINTING, PRODUCTION AND MARKETING. MAIL OUT TORAH STUDY LESSONS AND CORRESPONDENCE COURSES.
CHARITABLE DONATIONS
JEWISH EDUCATIONAL TALMUD, HISTORY, GEOGRAPHY AND ARCHAEOLOGICAL STUDY. BRINGING QUALIFIED TEACHING RABBIS AND SCHOLARS FROM ISRAEL TO USA FOR LOCAL AND REGIONAL CONFRENCES ON JEWISH STUDIES. EDUCATIONAL STUDY OF ISRAEL AND FAMILIARIZATION WITH OUR SUPPORTED CHARITY AND EDUCATIONAL WORKS IN ISRAEL.
MONETARY SUPPORT OF JEWISH EDUCATIONAL AND CHARITABLE NON PROFIT ORGANIZATIONS IN ISRAEL SUCH AS TEMPLE INSTITUTE IN JERUSALEM, CHABAD CAMPS FOR KIDS, CHABAD CHARITIES IN TIBERIAS INCLUDING FREE FOOD, CLOTHING AND FREE KINDERGARTENS AND EDUCATIONAL ASSISTANCE. DIRECT SUPPORT FOR POOR WIDOWS AND ORPHANS IN THE FORM OF MONETARY GIFTS, INTEREST FREE LOANS, FOOD, CLOTHING AND UTILITY PAYMENTS IN ISRAEL AND THE USA. ISRAEL TZEDAKAH FUND DIRECTED BY RABBI CHAIM RICHMAN IN JERUSALEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Carpenter Office Manager | 40 | $35,880 | |
Deadra Leonard Director | Trustee | 0 | $0 |
Jory Runnels Director | Trustee | 0 | $0 |
Kory Robinson Director | Trustee | 0 | $0 |
Don Specht Director | Trustee | 0 | $0 |
Brenda Peak Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $93 |
| Related organizations | $0 |
| Government grants | $143,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,092 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,777 |
| Grants and other assistance to Foreign Orgs/Individuals | $86,826 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,300 |
| Compensation of current officers, directors, key employees. | $2,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $800 |
| Payroll taxes | $7,931 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,316 |
| All other expenses | $3,505 |
| Total functional expenses | $137,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104 |
| Savings and temporary cash investments | $6,098 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,202 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,202 |
| 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 | $6,202 |