Beloved In Christ Foundation
- Assets
- $72.5m
- Revenue
- -$19.8m
- Investments
- $4.7m
- Employees
- 0
- Location
- Marble Falls, TX
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 32-0395390
Organization Overview
Beloved In Christ Foundation is located in Marble Falls, TX. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beloved In Christ Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Beloved In Christ Foundation has awarded 144 individual grants totaling $37,147,579. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Vliet Director | 0 | $0 | |
Lewis Cirne Director/officer | 0 | $0 | |
Brett Rodgers Director | 0 | $0 | |
Donna Wilcox Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holland Wilcox Enterprises Inc | 12/30/23 | $168,288 |
Green Longhorn Inc | 12/30/23 | $62,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,758 |
| Dividends & Interest | $175,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,983,829 |
| Capital Gain Net Income | $15,156,379 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$19,801,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $205,400 |
| Depreciation | $0 |
| Occupancy | $37,816 |
| Travel, conferences, and meetings | $18,614 |
| Printing and publications | $0 |
| Other expenses | -$1,372,243 |
| Total operating and administrative expenses | -$600,978 |
| Contributions, gifts, grants paid | $3,018,486 |
| Total expenses and disbursements | $2,417,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,237,449 |
| Savings and temporary cash investments | $574 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $31 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,088,190 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,554,801 |
| Total assets | $72,523,074 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,884,834 |
| Total liabilities | $2,884,834 |
Grants Awarded
Over the last fiscal year, Beloved In Christ Foundation has awarded $3,018,486 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IGLESIA LIBRE POR CRISTO PENTECOSTES INC PURPOSE: GENERAL OPERATING PURPOSES | $1,500 |
CAMP AGAPE PURPOSE: GENERAL OPERATING PURPOSES | $500 |
RED AUTISMO FOUNDATION PURPOSE: GENERAL OPERATING PURPOSES | $20,000 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: GENERAL OPERATING PURPOSES | $2,996,486 |