Believers Faith Outreach Ministries South Florida Inc
- Assets
- $912.1k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Tamarac, FL
- Founding
- Data as of
- 12/2023
- EIN
- 84-4737606
Organization Overview
Believers Faith Outreach Ministries South Florida Inc is located in Tamarac, FL. 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. Believers Faith Outreach Ministries South Florida 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, Believers Faith Outreach Ministries South Florida Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 42.0% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
OUR STATEMENT OF FAITH DOES NOT EXHAUST THE EXTENT OF OUR BELIEFS. THE BIBLE ITSELF, AS THE INSPIRED AND INFALLIBLE WORD OF GOD THAT SPEAKS WITH FINAL AUTHORITY CONCERNING TRUTH, MORALITY, AND THE PROPER CONDUCT OF MANKIND, IS THE SOLE AND FINAL SOURCE OF ALL THAT WE BELIEVE. FOR PURPOSES OF THE CHURCHS FAITH, DOCTRINE, PRACTICE, POLICY, AND DISCIPLINE, OUR SENIOR PASTOR AND THE BOARD OF DIRECTORS IS THE CHURCHS FINAL INTERPRETIVE AUTHORITY ON THE BIBLES MEANING AND APPLICATION.EVERY PASTOR, PASTORAL ASSISTANT, BOARD MEMBER, OFFICER, EMPLOYEE, ELDER, DEACON, MINISTRY LEADER, STAFF MEMBER OR REGULAR VOLUNTEER (COLLECTIVELY REFERRED TO AS AFFILIATES) SHALL BE IN SUBMISSION TO THE SPIRITUAL AUTHORITY OF THE SENIOR PASTOR AND BOARD OF DIRECTORS AND SHALL SIGN A STATEMENT OF FAITH AND CORE VALUES AND LIFESTYLE COMMITMENTS STATEMENT ADOPTED BY THE BOARD OF DIRECTORS THAT REFLECTS HIS OR HER UNEQUIVOCAL AGREEMENT WITH THE SINCERELY HELD RELIGIOUS BELIEFS OF THE CHURCH. EACH AFFILIATE WHOSE CO
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR STATEMENT OF FAITH DOES NOT EXHAUST THE EXTENT OF OUR BELIEFS. THE BIBLE ITSELF, AS THE INSPIRED AND INFALLIBLE WORD OF GOD THAT SPEAKS WITH FINAL AUTHORITY CONCERNING TRUTH, MORALITY, AND THE PROPER CONDUCT OF MANKIND, IS THE SOLE AND FINAL SOURCE OF ALL THAT WE BELIEVE. FOR PURPOSES OF THE CHURCHS FAITH, DOCTRINE, PRACTICE, POLICY, AND DISCIPLINE, OUR SENIOR PASTOR AND THE BOARD OF DIRECTORS IS THE CHURCHS FINAL INTERPRETIVE AUTHORITY ON THE BIBLES MEANING AND APPLICATION.EVERY PASTOR, PASTORAL ASSISTANT, BOARD MEMBER, OFFICER, EMPLOYEE, ELDER, DEACON, MINISTRY LEADER, STAFF MEMBER OR REGULAR VOLUNTEER (COLLECTIVELY REFERRED TO AS AFFILIATES) SHALL BE IN SUBMISSION TO THE SPIRITUAL AUTHORITY OF THE SENIOR PASTOR AND BOARD OF DIRECTORS AND SHALL SIGN A STATEMENT OF FAITH AND CORE VALUES AND LIFESTYLE COMMITMENTS STATEMENT ADOPTED BY THE BOARD OF DIRECTORS THAT REFLECTS HIS OR HER UNEQUIVOCAL AGREEMENT WITH THE SINCERELY HELD RELIGIOUS BELIEFS OF THE CHURCH. EACH AFFILIATE WHOSE CONFESSION OF FAITH OR BEHAVIOR IS IN CONFLICT WITH THESE SINCERELY HELD RELIGIOUS BELIEFS MAY BE SUBJECT TO CHURCH DISCIPLINE UP TO AND INCLUDING REMOVAL AND SEPARATION FROM EMPLOYMENT OR SERVICES IN MINISTRY BY THE SENIOR PASTOR AND THE BOARD OF DIRECTORS (OR THEIR DESIGNEES). FURTHER, THE SENIOR PASTOR AND THE BOARD OF DIRECTORS (OR THEIR DESIGNEES), MAY PROHIBIT THE FELLOWSHIP AND ATTENDANCE OF ANY PERSON FROM CHURCH WORSHIP SERVICES AND MEETINGS AS PROVIDED IN THESE BYLAWS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,443,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,443,046 |
| Total Program Service Revenue | $34,347 |
| 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 | $2,879,540 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,335 |
| Fees for services: Management | $20,707 |
| Fees for services: Legal | $15,414 |
| 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 | $5,910 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $453,866 |
| Travel | $35,431 |
| 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 | $29,940 |
| Insurance | $0 |
| All other expenses | $769,033 |
| Total functional expenses | $2,968,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,068 |
| Savings and temporary cash investments | $0 |
| 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 | $903,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,119 |
| 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 | $912,119 |
| 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 | $912,119 |