Bethlehem Bible Co Inc
- Assets
- $672.5k
- Revenue
- $1.3m
- Investments
- $101.3k
- Employees
- 0
- Location
- New Braunfels, TX
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-0747442
Organization Overview
Bethlehem Bible Co Inc is located in New Braunfels, TX. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethlehem Bible Co Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bethlehem Bible Co Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE INTERESTS AND MISSION OF BETHLEHEM BIBLE COLLEGE WEST BANK ISRAEL THROUGH FUND RAISING AND EDUCATING PEOPLE OF THE COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS CATEGORY OF PROGRAM EXPENSE IS THE PRIMARY FUNCTION OF OUR ORGANIZATION. THESE FUNDSS WERE EITHER GIVEN DIRECTLY TO OR DISBURSED ON BEHALF OF BETHLEHEM BIBLE COLLEGE, WEST BANK, ISRAEL. THESE FUNDS WERE EXPENDED TO COVER THE OPERATING EXPENSES OF BETHLEHEM BIBLE COLLEGE IN AGREEMENT WITH THE MISSION OF THIS ORGANIZATION. THE USE OF THESE FUNDS WAS OVERSEEN BY THE BOARD OF DIRECTORS OF THE COLLEGE AND BY A MEMBER OF THIS ORGANIZATION'S BOARD OF DIRECTORS WHO IS LOCATED ON SITE. A FULL ACCOUNTING OF THE COLLEGE'S EXPENITURES INCLUDING THE FUNDS LISTED HERE IS REQUIRED OF THE COLLEGE BY THIS ORGANIZATION.
THIS CATEGORY OF PROGRAM EXPENSE IS THE PRIMARY FUNCTION OF OUR ORGANIZATION. THESE FUNDSS WERE EITHER GIVEN DIRECTLY TO OR DISBURSED ON BEHALF OF BETHLEHEM BIBLE COLLEGE, WEST BANK, ISRAEL. THESE FUNDS WERE EXPENDED TO COVER THE OPERATING EXPENSES OF BETHLEHEM BIBLE COLLEGE IN AGREEMENT WITH THE MISSION OF THIS ORGANIZATION. THE USE OF THESE FUNDS WAS OVERSEEN BY THE BOARD OF DIRECTORS OF THE COLLEGE AND BY A MEMBER OF THIS ORGANIZATION'S BOARD OF DIRECTORS WHO IS LOCATED ON SITE. A FULL ACCOUNTING OF THE COLLEGE'S EXPENITURES INCLUDING THE FUNDS LISTED HERE IS REQUIRED OF THE COLLEGE BY THIS ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Den Boer Chairman | OfficerTrustee | $0 | |
Scott Tjernagel Secretarty | OfficerTrustee | $0 | |
Angela Brown Director | Trustee | $0 | |
Mary-Floye Federer Director | Trustee | $0 | |
Darrell Cates Director | Trustee | $0 | |
Safy Jacob Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,238,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,238,595 |
| Total Program Service Revenue | $63,144 |
| Investment income | $465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,302,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,217,098 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,569 |
| Office expenses | $15,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,040 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,304,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,317 |
| Savings and temporary cash investments | $422,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $101,299 |
| Investments—program-related | $93,553 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $672,488 |
| Accounts payable and accrued expenses | $507 |
| Grants payable | $4,590 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,097 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $667,391 |
| Total liabilities and net assets/fund balances | $672,488 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bethlehem Bible Co Inc has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Henry P & Susan C Crowell Tr Chicago, IL PURPOSE: GENERAL FUND | $40,000 |
Stewardship Foundation C D A B & W T Weyerhaeuser Ttees Tacoma, WA PURPOSE: BETHLEHEM BIBLE COLLEGE'S GENERAL OPERATIONS | $25,000 |
Tyndale House Ministries Carol Stream, IL PURPOSE: General program support | $14,500 |
The Oklahoma United Methodist Foundation Inc Oklahoma City, OK PURPOSE: TECHNOLOGY UPGRADES ON CAMPUS | $5,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 08/16/21 | $500 |
Endowment Analysis
| Beg. Balance | $51,152 |
| Earnings | $7,746 |
| Net Contributions | $42,401 |
| Ending Balance | $101,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John G & Marie Stella Kenedy Memorial Foundation Corpus Christi, TX | $364,888,417 | $75,089,891 |
Gods Healthy Place Inc Fort Worth, TX | $0 | $0 |
First Methodist Church Of Fort Worth Foundation Inc Fort Worth, TX | $97,113,260 | $7,597,400 |
Mary R Gallaspy Charitable Trust No One Monroe, LA | $16,837,410 | $596,346 |
Catholic Foundation Of Oklahoma Inc Oklahoma City, OK | $82,819,268 | $6,647,191 |
Park Cities Presbyterian Church Foundation Dallas, TX | $2,207,492 | $1,215,742 |
Your Harvest House Burleson, TX | $1,051,962 | $1,972,586 |
Bethlehem Bible Co Inc New Braunfels, TX | $672,488 | $1,302,204 |
Sja Foundation Baton Rouge, LA | $11,583,947 | $2,001,512 |
St Pauls Methodist Foundation Of Houston Houston, TX | $29,200,178 | $3,302,666 |
Sacred Arts Foundation Cedar Crest, NM | $282,030 | $988,067 |
Endowment Foundation First United Presbyterian Church Albuquerque Albuquerque, NM | $14,946,986 | -$140,979 |