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Nonprofiteer
← BELLEVUE FOUNDATION INC

Form 990 for tax year 2023

Filed by BELLEVUE FOUNDATION INC.

Totals

Total revenue
$5,724,897
Total expenses
$1,332,214
Contributions and grants received
$5,577,020
Grants paid
$1,299,762
Program service revenue
$0
Investment income
$147,877
Other revenue
$0
Total assets, end of year
$8,573,833
Total liabilities, end of year
$9,728
Net assets or fund balances, end of year
$8,564,105
Program services expenses (Part IX)
$1,299,762
Management and general expenses
$32,452
Fundraising expenses
$0
Program service expenses (Part III)
$1,299,762

Program services were 97.6% 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.

  • 1d · Related organizations

    $2,063

  • 1f · All other contributions, gifts and grants

    $5,574,957

  • 3 · Investment income

    total $181,973 · related or exempt $181,973

  • 7a · Gross sales of assets other than inventory

    securities $3,188,574

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

    securities $3,222,670

  • 7c · Gain or loss

    securities -$34,096

  • 7d · Net gain or loss

    total -$34,096 · related or exempt -$34,096

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,299,762 · program services $1,299,762

  • 11c · Fees: accounting

    total $21,498 · management and general $21,498

  • 11f · Fees: investment management

    total $667 · management and general $667

  • 13 · Office expenses

    total $699 · management and general $699

  • 14 · Information technology

    total $6,805 · management and general $6,805

  • 24e · All other expenses

    total $2,783 · management and general $2,783

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,913 · end of year $42,550

  • 2 · Savings and temporary cash investments

    beginning of year $1,635,867 · end of year $2,395,906

  • 11 · Investments: publicly traded securities

    beginning of year $2,144,278 · end of year $5,330,491

  • 12 · Investments: other securities

    beginning of year $62,154 · end of year $804,886

  • 25 · Other liabilities

    beginning of year $10,333 · end of year $9,728

  • 27 · Net assets without donor restrictions

    beginning of year $3,867,879 · end of year $8,564,105

Mission and programs · 2023

Mission

THE BELLEVUE FOUNDATION EXISTS, IN A COVENANT RELATIONSHIP WITH ITS DONORS, TO ASSIST IN PROVIDING FUNDING FOR THE SPREAD OF THE GOSPEL OF THE LORD JESUS CHRIST THROUGH THE MINISTRIES OF THE BELLEVUE BAPTIST CHURCH AND OTHER MINISTRIES COMPATIBLE WITH THE CHURCH'S MISSION.

Activities or mission (Part I)

TO GLORIFY GOD BY SPREADING THE GOSPEL OF THE LORD JESUS CHRIST AT HOME AND AROUND THE WORLD.

  • IN FURTHERANCE OF THE FOUNDATION'S PRIMARY MISSION, CURRENT YEAR GRANTS WERE GIVEN TO CHRISTIAN YOUTH MINISTRIES, CHRISTIAN HOME FOR CHILDREN, CHRISTIAN MISSION PROJECTS, BAPTIST COLLEGES, CHURCHES AND SEMINARIES.

    Expenses $1,299,762 · Grants $1,299,762 · Revenue $147,877

As filed on the 2023 return.

Listed in Part VII

  • DAVID COOMBS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BOBBY HANCOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD ELLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATHAN WRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM MCCORMACK

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • AUBREY EARNHEART

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MIKE WAGES

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHIP FREEMAN

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN CROCKETT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

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
4 October 2024
IRS schema version
2023v5.1
Source object
202412859349301931

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