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← BELIEVE IN PEOPLE INC

Form 990 for tax year 2023

Filed by BELIEVE IN PEOPLE INC.

Totals

Total revenue
$7,049,637
Total expenses
$381,194,116
Contributions and grants received
$0
Grants paid
$380,902,822
Program service revenue
$0
Investment income
$6,528,560
Other revenue
$521,077
Total assets, end of year
$4,085,291,226
Total liabilities, end of year
$183,369,822
Net assets or fund balances, end of year
$3,901,921,404
Program services expenses (Part IX)
$380,902,822
Management and general expenses
$291,294
Fundraising expenses
$0
Program service expenses (Part III)
$380,902,822

Program services were 99.9% 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.

  • 3 · Investment income

    total $6,528,560 · excluded $6,528,560

  • 11a · Other revenue: K-1 INCOME

    total $521,077 · unrelated business $521,077

  • 11e · Other revenue, total

    $521,077

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $380,902,822 · program services $380,902,822

  • 11c · Fees: accounting

    total $2,179 · management and general $2,179

  • 11f · Fees: investment management

    total $1,704 · management and general $1,704

  • 24a · Other expenses: K-1 EXPENSES

    total $253,955 · management and general $253,955

  • 24b · Other expenses: TAX EXPENSE

    total $33,456 · management and general $33,456

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $524,848 · end of year $37,737

  • 12 · Investments: other securities

    beginning of year $4,275,541,035 · end of year $4,085,253,489

  • 18 · Grants payable

    end of year $183,369,822

  • 27 · Net assets without donor restrictions

    beginning of year $4,276,065,883 · end of year $3,901,921,404

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

SEE SCHEDULE OALL GRANTS ARE MADE SOLELY FOR THE PURPOSE OF SUPPORTING ENTITIES AND INDIVIDUALS WORKING TO MOVE SOCIETY TOWARD ONE MORE FULLY CHARACTERIZED BY EQUAL RIGHTS AND MUTUAL BENEFIT WHERE PEOPLE SUCCEED BY HELPING OTHERS IMPROVE THEIR LIVES AND EVERYONE HAS THE OPPORTUNITY TO FULFILL THEIR POTENTIAL.

  • ALL GRANTS MADE SOLELY FOR THE PURPOSE OF SUPPORTING ENTITIES AND INDIVIDUALS WORKING TO MOVE SOCIETY TOWARD ONE MORE FULLY CHARACTERIZED BY EQUAL RIGHTS AND MUTUAL BENEFIT WHERE PEOPLE SUCCEED BY HELPING OTHERS IMPROVE THEIR LIVES AND EVERYONE HAS THE OPPORTUNITY TO FULFILL THEIR POTENTIAL.

    Expenses $380,902,822 · Grants $380,902,822

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHARLES CHASE KOCH

    DIRECTOR/CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • DAVID L ROBERTSON

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • BRIAN HOOKS

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • BRIAN MENKES

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • CARLY MCLAUGHLIN

    ASSISTANT TREASURER

    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

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PBM CENTER INC

    C · CONSULTING · DE · controlled entity

    Directly controlled by STFEL

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349315552

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