Jack And Pam Besteman Charitable Foundation
- Assets
- $629.0k
- Revenue
- $116.0k
- Investments
- $304.8k
- Employees
- 0
- Location
- Powderly, TX
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 83-2964523
Organization Overview
Jack And Pam Besteman Charitable Foundation is located in Powderly, TX. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Jack And Pam Besteman Charitable Foundation 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, Jack And Pam Besteman Charitable Foundation generated $116.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year.
Since 2020, Jack And Pam Besteman Charitable Foundation has awarded 129 individual grants totaling $177,290. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WILL MAKE GRANTS PRIMARILY TO OTHER QUALIFIED CHARITABLE ORGANIZATIONS THAT SERVE THE SPIRITUAL, EDUCATIONAL, AND PHYSICAL NEEDS OF RESIDENTS OF LAMAR COUNTY, TEXAS AND ADJACENT COUNTIES IN TEXAS AND OKLAHOMA, HELPING THEM GROW IN THEIR WALK AND RELATIONSHIP WITH JESUS CHRIST. THE FOUNDATION WILL FOCUS ON PROVIDING MATCHING GRANTS TO PRIMARILY QUALIFIED CHRISTIAN-BASED CHARITABLE ORGANIZATIONS THAT HELP PEOPLE COME TO KNOW THE LOVE OF CHRIST, STRIVE TO LIVE A CHRIST-LIKE LIFE, AND EXPERIENCE GOD WHILE GROWING HIS KINGDOM ON EARTH. THESE GRANTS WILL BE MADE THROUGHOUT THE YEAR. THESE GRANTS WILL FURTHER THE CHARITABLE AND RELIGIOUS PURPOSES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Faith Besteman President | 0 | $100 | |
Josh Besteman Vice President | 0 | $300 | |
Jacob Besteman Treasurer | 0 | $100 | |
Pat Martin Secretary | 0 | $500 | |
Heather Dickson Member | 0 | $200 | |
Rebecca Kelly Member | 0 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,361 |
| Interest on Savings | $871 |
| Dividends & Interest | $14,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,760 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $206 |
| Depreciation | $5,071 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,401 |
| Total operating and administrative expenses | $23,978 |
| Contributions, gifts, grants paid | $62,116 |
| Total expenses and disbursements | $86,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,859 |
| Savings and temporary cash investments | $77,581 |
| 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 | $304,842 |
| Net Land, buildings, and equipment | $227,763 |
| Other assets | $0 |
| Total assets | $629,045 |
| Accounts payable and accrued expenses | $9,401 |
| 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 | $9,401 |
Grants Awarded
Over the last fiscal year, Jack And Pam Besteman Charitable Foundation has awarded $62,116 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
PRISON FELLOWSHIP MINISTRIES PURPOSE: DONATION | $1,500 |
KEYS FOR KIDS PURPOSE: DONATION | $225 |
BIBLES FOR THE WORLD PURPOSE: DONATION | $1,284 |
FEED THE CHILDREN PURPOSE: DONATION | $300 |
CROWN FINANCIAL MIISTRIES INC PURPOSE: DONATION | $600 |
CRU CAMPUS CRUSADE FOR CHRIST PURPOSE: DONATION | $2,200 |