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Sibi Foundation

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

EIN: 263204092 ✦ Lubbock, TX ✦ Designated as a 501(c)(3)

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Overview

What is Sibi Foundation?

The Sibi Foundation is a charitable organization situated in Lubbock, Texas, with an address at 3723 34th Street, 79410. Its primary mission lies in supporting Sunset International Bible Institute through financial transfers, serving as a vital resource for its operational needs. The Sibi Foundation is deeply committed to advancing the objectives and goals of Sunset International Bible Institute, Inc., ensuring their continued success and impact.


Official website here: www.sibi.cc/foundation

Is Sibi Foundation legitimate?

Sibi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sibi Foundation 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


Official website here: www.sibi.cc/foundation

What is the mission statement of Sibi Foundation?

The Sibi Foundation primarily focuses on supporting the activities and missions of Sunset International Bible Institute, Inc. In essence, its mission is to contribute financially to the operations of this organization, thereby aiding in its various endeavors. The foundation's primary mode of support is through cash transfers. While the Sibi Foundation does not have a mission statement of its own, its purpose can be inferred from its support of Sunset International Bible Institute, Inc.


Official website here: www.sibi.cc/foundation

Who is the CEO of Sibi Foundation?

Truitt Adair is the President of Sibi Foundation.


Official website here: www.sibi.cc/foundation

What is the revenue of Sibi Foundation?

Sibi Foundation's revenue in 2022 was $3,423,400.


Official website here: www.sibi.cc/foundation

Who are the executives of Sibi Foundation and what are their salaries?

There 2 volunteers at Sibi Foundation.


Here are 10 key members and their salaries:


Truitt Adair (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Crockett (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenzel May (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Raney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Hawthorne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Mcguire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Samsill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Mcniel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sibi.cc/foundation

Where can I find the form 990 for Sibi Foundation?

Sibi Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sibi.cc/foundation

Learn more at the official website: www.sibi.cc/foundation

Mission Statement of Sibi Foundation

The Sibi Foundation is devoted to upholding and backing the activities and objectives of Sunset International Bible Institute, Inc. In essence, its mission is to provide financial aid in the form of cash transfers, contributing to the operational expenses of this institute. By supporting Sunset International Bible Institute, the Sibi Foundation plays a crucial role in furthering its educational and religious missions, ultimately contributing to its overall success.

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Impact




October, 2024

Sibi Foundation plays a crucial role in enhancing the activities and missions of Sunset International Bible Institute, Inc. By providing vital financial support through cash transfers, it ensures the operational stability of the institution. This backing enables the institute to focus on its educational initiatives, promoting religious education and training for individuals seeking to deepen their understanding of biblical teachings. Based in Lubbock, TX, Sibi Foundation's impact is reflected in the growth and outreach of the institute’s programs, which aim to equip students with the knowledge and skills necessary for effective ministry and service in various communities.




This information is meant to be a general summary of Sibi Foundation. 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
$3,423,400 (2022)
Expenses
$993,684 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $749,406
  • Gross Receipts: $3,423,400

Assets and Liabilities:

  • Total Assets: $22,325,974
  • Total Liabilities: $0
  • Net Assets: $22,325,974

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Organization Details

Founding Year

2011

Principal Officer

Truitt Adair

Main Address

3723 34TH STREET, LUBBOCK, TX, 79410

NTEE Category

Code: X119 - Religion related

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