Believers Stewardship Services Inc
- Assets
- $18.5m
- Revenue
- $3.8m
- Investments
- $135.0k
- Employees
- 11
- Location
- Dubuque, IA
- Founding
- 10/2001
- Data as of
- 06/2021
- EIN
- 31-1782614
Organization Overview
Believers Stewardship Services Inc is located in Dubuque, IA. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Believers Stewardship Services Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believers Stewardship Services 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 06/2021, Believers Stewardship Services Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $3.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Believers Stewardship Services Inc has awarded 360 individual grants totaling $21,619,206. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING CHRISTIAN BELIEVERS TO GLORIFY GOD THROUGH BIBLICAL STEWARDSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENDERING DONOR ADVISED FUND AND OTHER FUND MANAGEMENT SERVICES TO INDIVIDUALS, TRUSTS/ESTATES, AND ACTIVE OR DISSOLVED CHURCHES/MINISTRIES, PROVIDING CHURCHES AND OTHER MINISTRIES WITH CORPORATE GOVERNANCE, AND ASSISTING CHURCHES WITH ASSET DISSOLUTION DURING THE YEAR.
RENDERING ESTATE PLANNING SERVICES (E.G., ASSISTANCE IN THE PREPARATION OF WILLS, REVOCABLE LIVING TRUSTS, POWERS OF ATTORNEY, ESTATE AND TRUST TAX RETURNS) AND PLANNED GIVING (E.G., ADMINISTRATION OF CHARITABLE GIFT ANNUITIES AND CHARITABLE REMAINDER TRUSTS) TO CLIENTS AS WELL AS OTHER MINISTRIES' CLIENTS DURING THE FISCAL YEAR, BENEFITING MANY CHARITIES BESIDES BSS. PROVIDING DONOR EDUCATION THROUGH SEMINARS IN AREAS OF ESTATE PLANNING AND PLANNED GIVING.
RENDERING OR PAYING OTHER VENDORS TO RENDER TAX PREPARATION SERVICES TO INDIVIDUALS (INCLUDING MISSIONARIES, AND MINISTERS OF THE GOSPEL), TRUSTS AND ESTATES, AND A FEW CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Sullivan President | OfficerTrustee | 40 | $113,317 |
Emily Morrell Treasurer | Officer | 20 | $53,368 |
William Coyle Chairman & Assistant Secretary | OfficerTrustee | 2 | $0 |
Samuel Thorpe Jr Vice Chairman | OfficerTrustee | 0.2 | $0 |
Thomas C Harrington Secretary & Risk Officer (part Year) | OfficerTrustee | 1 | $0 |
Mark Keller Risk Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,980,566 |
| Noncash contributions included in lines 1a–1f | $988,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,122,157 |
| Total Program Service Revenue | $3,078 |
| Investment income | $232,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,357 |
| Net Rental Income | $105,852 |
| Net Gain/Loss on Asset Sales | $287,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,760,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,791,580 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $676,373 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,755 |
| Compensation of current officers, directors, key employees. | $98,814 |
| Compensation to disqualified persons | $117,894 |
| Other salaries and wages | $151,882 |
| Pension plan accruals and contributions | $91,904 |
| Other employee benefits | $28,000 |
| Payroll taxes | $38,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,877 |
| Advertising and promotion | $1,359 |
| Office expenses | $17,263 |
| Information technology | $17,778 |
| Royalties | $0 |
| Occupancy | $32,538 |
| Travel | $14,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $790 |
| Interest | $1,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,587 |
| Insurance | $5,946 |
| All other expenses | $149,070 |
| Total functional expenses | $3,383,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,719 |
| Savings and temporary cash investments | $1,799,928 |
| Pledges and grants receivable | $31,320 |
| Accounts receivable, net | $1,732 |
| 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 | $27,813 |
| Net Land, buildings, and equipment | $1,379,303 |
| Investments—publicly traded securities | $10,591,367 |
| Investments—other securities | $135,000 |
| Investments—program-related | $4,498,120 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,487,302 |
| Accounts payable and accrued expenses | $47,936 |
| Grants payable | $0 |
| Deferred revenue | $591,335 |
| 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 | $20,000 |
| Other liabilities | $4,015,604 |
| Total liabilities | $4,674,875 |
| Net assets without donor restrictions | $13,619,864 |
| Net assets with donor restrictions | $192,563 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $18,487,302 |
Grants Awarded
Over the last fiscal year, Believers Stewardship Services Inc has awarded $1,684,880 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Wall, NJ PURPOSE: General Support | $572,647 |
Woodland Park, CO PURPOSE: General Support | $174,330 |
Dubuque, IA PURPOSE: General Support | $93,703 |
Teec Nos Pos, AZ PURPOSE: General Support | $92,025 |
Kansas City, KS PURPOSE: General Support | $87,464 |
Beaverton, OR PURPOSE: General Support | $55,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Believers Stewardship Services Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Perrin Foundation Inc Montclair, NJ PURPOSE: GENERAL CHARITABLE | $75,000 |
Endowment Analysis
| Beg. Balance | $75,000 |
| Ending Balance | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |