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Nonprofiteer
← SUNSHINE BIBLE ACADEMY FOUNDATION

Form 990 for tax year 2023

Filed by SUNSHINE BIBLE ACADEMY FOUNDATION.

Totals

Total revenue
$231,592
Total expenses
$185,075
Contributions and grants received
$51,215
Grants paid
$173,604
Program service revenue
$0
Investment income
$23,259
Other revenue
$157,118
Total assets, end of year
$1,111,146
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,111,146
Program services expenses (Part IX)
$179,895
Management and general expenses
$5,180
Fundraising expenses
$0
Program service expenses (Part III)
$179,895

Program services were 97.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $51,215

  • 3 · Investment income

    total $21,428 · excluded $21,428

  • 7a · Gross sales of assets other than inventory

    securities $1,831

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $1,831

  • 7d · Net gain or loss

    total $1,831 · excluded $1,831

  • 10a · Gross sales of inventory

    $157,182

  • 10b · Cost of goods sold

    $64

  • 10c · Net income from sales of inventory

    total $157,118 · related or exempt $157,118

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $173,604 · program services $173,604

  • 11c · Fees: accounting

    total $5,180 · management and general $5,180

  • 11f · Fees: investment management

    total $6,291 · program services $6,291

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,533 · end of year $19,267

  • 2 · Savings and temporary cash investments

    beginning of year $39,212 · end of year $40,287

  • 8 · Inventories for sale or use

    beginning of year $112,500 · end of year $117,500

  • 11 · Investments: publicly traded securities

    beginning of year $802,449 · end of year $934,092

  • 27 · Net assets without donor restrictions

    beginning of year $157,245 · end of year $177,054

  • 28 · Net assets with donor restrictions

    beginning of year $802,449 · end of year $934,092

Mission and programs · 2023

Mission

THE PURPOSE OF THE FOUNDATION IS TO SOLICIT DONATIONS AND CONTRIBUTIONS THROUGH FUNDRAISING EFFORTS AND ESTABLISH PERMANENT ENDOWMENT FUNDS IN ORDER TO PROVIDE FUNDING TO SUNSHINE BIBLE ACADEMY.

  • THE PURPOSE OF THE CATTLE FUND IS TO FINANCIALLY SUPPORT SUNSHINE BIBLE ACADEMY'S LIVESTOCK PROGRAM.

    Expenses $113,218 · Grants $113,218 · Revenue $157,118

  • THE PURPOSE OF THE GENERAL FUND IS TO FINANCIALLY SUPPORT THE GENERAL AND PROGRAM ACTIVITY OF SUNSHINE BIBLE ACADEMY.

    Expenses $31,812 · Grants $25,521

  • THE PURPOSE OF THE BUILDING FUND IS TO FINANCIALLY SUPPORT THE MAINTENANCE AND ONGOING NEEDS RELATED TO THE BUILDINGS ON THE SUNSHINE BIBLE ACADEMY CAMPUS.

    Expenses $34,865 · Grants $34,865

As filed on the 2023 return.

Listed in Part VII

  • David Paul

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.33

  • Dan Todd

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.33

  • Brad Ufen

    TREASURER

    Total calculated
    $0
    Hours/week
    1.33

  • Kelly Hettich

    MEMBER

    Total calculated
    $0
    Hours/week
    1.33

  • Mark Stiegelmeier

    MEMBER

    Total calculated
    $0
    Hours/week
    1.33

  • Ken Shay

    MEMBER

    Total calculated
    $0
    Hours/week
    1.33

  • Paul Jorgensen

    MEMBER

    Total calculated
    $0
    Hours/week
    1.33

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202441229349302354

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