Believe Center Inc
- Assets
- $30.5k
- Revenue
- $289.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Toledo, OH
- Founding
- 05/2012
- Data as of
- 12/2020
- EIN
- 80-0733488
Organization Overview
Believe Center Inc is located in Toledo, OH. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2020, Believe Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believe Center 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 12/2020, Believe Center Inc generated $289.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $305.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 4 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS COMMUNITY ORGANIZATION SHALL BE TO PROMOTE, SUPERVISE AND FINANCE ALL BELIEVE YOUTH SPORTS, PROGRAMS, EDUCATION AND OTHER ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS ORGANIZATION SHALL BE TO PROMOTE,NINO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Britt President | OfficerTrustee | 4 | $0 |
Donna Ramierez Vice Pres | OfficerTrustee | 3 | $0 |
Helen Yglesias Secretary | OfficerTrustee | 4 | $0 |
Pat Lewinski Treasurer | OfficerTrustee | 4 | $0 |
Arthur Buttle Sgt At Arms | OfficerTrustee | 2 | $0 |
Marie Duran Exec Director | Officer | 45 | $17,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,596 |
| Noncash contributions included in lines 1a–1f | $183,781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,096 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,888 |
| 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 | $288,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,642 |
| Compensation of current officers, directors, key employees. | $17,821 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $8,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94 |
| Office expenses | $2,131 |
| Information technology | $136 |
| Royalties | $0 |
| Occupancy | $42,000 |
| Travel | $224 |
| 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 | $2,258 |
| Insurance | $4,229 |
| All other expenses | $63,472 |
| Total functional expenses | $305,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,459 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,867 |
| 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 | $2,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,922 |
| Total assets | $30,484 |
| Accounts payable and accrued expenses | $15,564 |
| Grants payable | $0 |
| Deferred revenue | $19,400 |
| 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 | $34,964 |
| Net assets without donor restrictions | -$6,347 |
| Net assets with donor restrictions | $1,867 |
| 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 | $30,484 |