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← STEWARDSHIP ENDOWMENT FUND

Form 990 for tax year 2024

Filed by STEWARDSHIP ENDOWMENT FUND.

Totals

Total revenue
$10,084,226
Total expenses
$8,970,821
Contributions and grants received
$4,531,885
Grants paid
$3,415,220
Program service revenue
$4,779,508
Investment income
$762,911
Other revenue
$9,922
Total assets, end of year
$70,113,847
Total liabilities, end of year
$75,000
Net assets or fund balances, end of year
$70,038,847
Program services expenses (Part IX)
$7,603,153
Management and general expenses
$1,367,668
Fundraising expenses
$0
Program service expenses (Part III)
$7,603,153

Program services were 84.8% 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

    $4,531,885

  • 2a · Program service revenue: RENTAL INCOME

    total $4,779,508 · related or exempt $4,779,508

  • 3 · Investment income

    total $762,911 · excluded $762,911

  • 6a · Gross rents

    personal property $100,000

  • 6b · Less rental expenses

    personal property $90,078

  • 6c · Rental income or loss

    personal property $9,922

  • 6d · Net rental income or loss

    total $9,922 · unrelated business $9,922

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,415,220 · program services $3,415,220

  • 11b · Fees: legal

    total $1,874 · management and general $1,874

  • 11c · Fees: accounting

    total $6,300 · management and general $6,300

  • 16 · Occupancy

    total $3,891,485 · program services $2,795,477 · management and general $1,096,008

  • 22 · Depreciation, depletion and amortization

    total $1,638,184 · program services $1,392,456 · management and general $245,728

  • 24a · Other expenses: UBI TAXES

    total $17,758 · management and general $17,758

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,339 · end of year $7,339

  • 2 · Savings and temporary cash investments

    beginning of year $5,966,417 · end of year $3,513,211

  • 10a · Land, buildings and equipment: cost or other basis

    $62,794,185

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,018,974

  • 10c · Land, buildings and equipment, net

    beginning of year $49,503,396 · end of year $47,775,211

  • 11 · Investments: publicly traded securities

    beginning of year $18,055,175 · end of year $18,818,086

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,000 · end of year $75,000

  • 25 · Other liabilities

    beginning of year $4,529,885 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $58,927,442 · end of year $60,038,847

  • 28 · Net assets with donor restrictions

    beginning of year $10,000,000 · end of year $10,000,000

Mission and programs · 2024

Mission

TO OPERATE EXCLUSIVELY AS A SUPPORTING ORGANIZATION TO CARRY OUT THE CHARITABLE AND/OR RELIGIOUS PURPOSES OF SCOTTSDALE BIBLE CHURCH.

Activities or mission (Part I)

SUPPORTING ORGANIZATION TO SCOTTSDALE BIBLE CHURCH.

  • THROUGH THE OPERATION OF WHOLLY OWNED LLCS FOR THE BENEFIT OF SCOTTSDALE BIBLE CHURCH, OWN REAL PROPERTY THAT IS LEASED IN CONNECTION WITH CHARITABLE PURPOSES.

    Expenses $7,603,153 · Grants $3,415,220 · Revenue $4,779,508

As filed on the 2024 return.

Listed in Part VII

  • Scott Cleverly

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Christopher Charles

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Hayes

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Scholl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Archie Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rick Kratche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 7601 E SHEA BLVD LLC

    HOLD REAL ESTATE · AZ · income $1,661,500 · assets $25,667,663

    Directly controlled by STEWARDSHIP ENDOWMENT FUND

  • 2501 E CACTUS LLC

    HOLD REAL ESTATE · AZ · income $137,004 · assets $4,862,464

    Directly controlled by STEWARDSHIP ENDOWMENT FUND

  • 6363 E DYNAMITE LLC

    HOLD REAL ESTATE · AZ · income $402,000 · assets $7,400,067

    Directly controlled by STEWARDSHIP ENDOWMENT FUND

  • 15202 N FOUNTAIN HILLS LLC

    HOLD REAL ESTATE · AZ · income $153,000 · assets $814,987

    Directly controlled by STEWARDSHIP ENDOWMENT FUND

  • 3107 E HAMPTON AVE LLC

    HOLD REAL ESTATE · AZ · income $36,000 · assets $459,568

    Directly controlled by STEWARDSHIP ENDOWMENT FUND

  • 2334 E SOUTHERN AVE LLC

    HOLD REAL ESTATE · AZ · income $2,000 · assets $7,865,946

    Directly controlled by STEWARDSHIP ENDOWMENT FUND

  • SBC STEWARDSHIP PROPERTIES

    SPECIFICALLY TO FACILITATE PROPERTY RIGHTS OWNERSHIP AND USE OF PROPERTY · AZ · income $500,000 · assets $230,000

    Directly controlled by STEWARDSHIP ENDOWMENT FUND

  • SBC HOUSING LLC

    SPECIFICALLY TO FACILITATE PROPERTY RIGHTS OWNERSHIP AND USE OF PROPERTY · AZ · income $500,000 · assets $0

    Directly controlled by SBC STEWARDSHIP PROPERTIES LLC

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523199349302762

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