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Bible Education Legacy Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208667680 ✦ Scottsdale, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Bible Education Legacy Fund Inc?

Bible Education Legacy Fund Inc serves as a supporting organization, aiding Phoenix Seminary, a 501(c)(3) nonprofit. Its primary role is to assist Phoenix Seminary in fulfilling its mission or functions, or to carry out its purposes. This organization also extends its support to another 501(c)(3) entity, ensuring their objectives are met. By doing so, Bible Education Legacy Fund Inc contributes to the broader educational and charitable causes of these organizations.

Is Bible Education Legacy Fund Inc legitimate?

Bible Education Legacy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bible Education Legacy Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Bible Education Legacy Fund Inc?

The Bible Education Legacy Fund Inc serves as a supporting organization, assisting in the functions or carrying out the purposes of Phoenix Seminary, a 501(c)(3) organization, or another 501(c)(3) entity. Its mission is to contribute to the work of these organizations, aiming to support their objectives and further their causes. The exact nature of these objectives or causes is not specified in the provided information.

Who is the CEO of Bible Education Legacy Fund Inc?

Gary Damore is the President of Bible Education Legacy Fund Inc.

What is the revenue of Bible Education Legacy Fund Inc?

Bible Education Legacy Fund Inc's revenue in 2023 was $128,070.

Who are the executives of Bible Education Legacy Fund Inc and what are their salaries?

There 5 volunteers at Bible Education Legacy Fund Inc.


Here are 4 key members and their salaries:


Gary Damore (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Hermanson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Beckemeyer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Bartlett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Bible Education Legacy Fund Inc?

Bible Education Legacy Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Bible Education Legacy Fund Inc

Bible Education Legacy Fund (BELF) serves as a supporting organization, dedicated to aiding Phoenix Seminary, a 501(c)(3) organization. Its primary role is to assist Phoenix Seminary in fulfilling its mission and objectives. BELF's purpose is to complement the activities and objectives of Phoenix Seminary, ensuring the continuation and expansion of its educational programs and initiatives. By acting as a supporting organization, BELF allows Phoenix Seminary to focus on its primary mission, while providing additional resources and support where needed.

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Impact




October, 2024

Bible Education Legacy Fund Inc plays a pivotal role in enhancing and supporting the educational mission of Phoenix Seminary. By providing essential resources and funding, it empowers the seminary to deliver quality theological education and training. This support allows students to engage in comprehensive biblical studies, equipping them with the knowledge and skills necessary for effective ministry and leadership within their communities.

Additionally, the fund fosters an environment where individuals can deepen their faith and understanding of biblical principles, which ultimately extends its impact beyond the classroom. The educational programs bolstered by Bible Education Legacy Fund Inc not only prepare future pastors and ministry leaders but also contribute to the broader community, promoting spiritual growth and outreach initiatives.

In summary, the impact of Bible Education Legacy Fund Inc is far-reaching, aiding in the formation of dedicated leaders and enriching the spiritual landscape of the community through robust biblical education.




This information is meant to be a general summary of Bible Education Legacy Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$128,070 (2023)
Expenses
$1,231,017 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: -$32,530
  • Program Service Revenue: $60,000
  • Gross Receipts: $1,665,178

Assets and Liabilities:

  • Total Assets: $11,698,857
  • Total Liabilities: $630
  • Net Assets: $11,698,227

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$60,000

Organization Details

Founding Year

2006

Principal Officer

Gary Damore

Main Address

7901 EAST SHEA BLVD, SCOTTSDALE, AZ, 85260

NTEE Category

Code: T20 - Philanthropy

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