Believing Faith Foundation Inc
- Assets
- $403.6k
- Revenue
- $20.8k
- Investments
- $383.9k
- Employees
- 0
- Location
- Celebration, FL
- Founding
- Data as of
- 12/2022
- EIN
- 87-3952887
Organization Overview
Believing Faith Foundation Inc is located in Celebration, 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. Believing Faith Foundation 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 12/2022, Believing Faith Foundation Inc generated $20.8k in total revenue. All expenses for the organization totaled $119.4k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Zimmermann President | 1 | $0 | |
Sheri Zimmermann Vice President | 1 | $0 | |
Caleb Zimmermann Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,631 |
| Capital Gain Net Income | $18,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,226 |
| Contributions, gifts, grants paid | $118,150 |
| Total expenses and disbursements | $119,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,685 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $403,556 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Believing Faith Foundation Inc has awarded $118,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EDEN GLOBAL PURPOSE: GENERAL FUNDING | $77,650 |
SOURCE MN PURPOSE: GENERAL FUNDING | $10,000 |
FAITH COMMUNITY CHURCH PURPOSE: GENERAL FUNDING | $19,500 |
CITY JOY PURPOSE: GENERAL FUNDING | $5,000 |
SPERO PURPOSE: GENERAL FUNDING | $1,000 |
CELEBRATION COMMUNITY ATHLETICS PURPOSE: GENERAL FUNDING | $5,000 |