Overview
What is Biblica Ministries Foundation?
Biblica Ministries Foundation is a nonprofit organization based in Colorado Springs, Colorado. Primarily, its role is to manage and administer investments, charitable trusts, and charitable gift annuities, ensuring the optimal use of resources for ministry grants to Biblica. The foundation's ultimate goal is to support Biblica and promote planned giving opportunities. Biblica, in turn, strives to provide the Bible in accurate, contemporary translations and formats, enabling more individuals worldwide to experience transformation through Jesus Christ. By doing so, the foundation plays a crucial role in expanding the reach of Biblica's mission.
Official website here: www.biblica.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Stars
Biblica Ministries Foundation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The high score is derived entirely from its performance in the Accountability & Finance beacon, indicating that the organization has robust oversight and transparency practices in place.
A significant strength of Biblica is its governance structure, with 83% of its board members being independent. This independence enhances the decision-making process and ensures that the charity operates without conflicts of interest. The organization also scores exceptionally well in its financial practices, as shown by its high program expense ratio of 86.12%, indicating that a substantial portion of its resources is directed toward its mission-driven programs.
While the organization demonstrates strong financial health, with a liabilities to assets ratio of 54.01%, it is essential to continue monitoring these figures over time to ensure sustained performance. Overall, Biblica Ministries Foundation stands out as a highly accountable organization, committed to effectively serving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Biblica Ministries Foundation?
94% of reviewers on Facebook would recommend Biblica Ministries Foundation. Here’s a summary of their reviews:
Many users express their appreciation for the accessible features offered by the nonprofit, particularly the ability to read the Bible digitally or have it read aloud. One reviewer highlighted how this service significantly benefits individuals with physical limitations, such as spinal stenosis, enabling them to engage with scripture comfortably and conveniently.
Overall, there is a strong sentiment of satisfaction, as users feel that Biblica Ministries Foundation effectively delivers valuable resources that cater to diverse needs, making Bible reading inclusive and enjoyable for all.
This AI summary has been generated from reviews found on Facebook.
Is Biblica Ministries Foundation legitimate?
Biblica Ministries Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biblica Ministries 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: $31,044
For more financial information, click here
Official website here: www.biblica.com/
What is the mission statement of Biblica Ministries Foundation?
The Biblica Ministries Foundation exists with the purpose of supporting Biblica and facilitating planned giving opportunities. Biblica, on its own, is committed to providing the Bible in accurate, contemporary translations and formats, aiming to offer more individuals worldwide the chance to be transformed by Jesus Christ. The foundation manages and administrates investments, charitable trusts, and charitable gift annuities in a manner that maximizes resources for ministry grants to Biblica and charitable remaindermen.
Official website here: www.biblica.com/
Who is the CEO of Biblica Ministries Foundation?
David Bruce Trowbridge is the Ceo And President of Biblica Ministries Foundation. The CEO's salary of Biblica Ministries Foundation is $0 and their total compensation is $297,013.
Official website here: www.biblica.com/
What is the revenue of Biblica Ministries Foundation?
Biblica Ministries Foundation's revenue in 2021 was $550,730.
Official website here: www.biblica.com/
Who are the executives of Biblica Ministries Foundation and what are their salaries?
There 6 volunteers at Biblica Ministries Foundation.
Here are 8 key members and their salaries (Biblica Ministries Foundation's CEO's salary is $0 and their total compensation is $297,013):
- Compensation: $0
- Related: $206,154
- Other: $90,859
- Compensation: $0
- Related: $156,584
- Other: $28,683
- Compensation: $0
- Related: $164,140
- Other: $7,738
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.biblica.com/
Where can I find the form 990 for Biblica Ministries Foundation?
Biblica Ministries Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.biblica.com/
Learn more at the official website: www.biblica.com/
Mission Statement of Biblica Ministries Foundation
Biblica Ministries Foundation, with its mission at its core, is committed to supporting Biblica and fostering planned giving opportunities. Biblica, the organization it partners with, has a mission to provide the Bible in accurate, contemporary translations and formats, thereby enabling more individuals worldwide to be transformed by Jesus Christ. In alignment with Biblica's mission, Biblica Ministries Foundation manages and administers investments, charitable trusts, and charitable gift annuities, aiming to maximize resources for ministry grants to Biblica and charitable remaindermen. By doing so, the foundation ensures that Biblica can continue its vital work of spreading the Word of God across the globe.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Biblica Ministries Foundation's impact is significant in supporting Biblica and fostering planned giving opportunities. By managing and administering investments, charitable trusts, and charitable gift annuities effectively, the foundation maximizes resources for ministry grants to Biblica and charitable remaindermen. This allows Biblica to fulfill its mission of providing the Bible in accurate, contemporary translations and formats to reach more people around the world, enabling them to be transformed by Jesus Christ. Their work plays a vital role in spreading the message of faith and transforming lives globally.
This information is meant to be a general summary of Biblica Ministries 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $172,041
- Gross Receipts: $1,707,084
Assets and Liabilities:
- Total Assets: $17,831,302
- Total Liabilities: $9,630,821
- Net Assets: $8,200,481
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(719) 488-9200Principal Officer
David Bruce Trowbridge
Main Address
1820 Jet Stream Drive, Colorado Springs, CO, 80921
Website
www.biblica.com/NTEE Category
Code: X20 - Religion related
If you are a representative of Biblica Ministries Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.