Biblical Perspectives Inc
- Assets
- $2.3m
- Revenue
- $66.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Spring, TX
- Founding
- 02/1982
- Data as of
- 07/2023
- EIN
- 76-0008347
Organization Overview
Biblical Perspectives Inc is located in Spring, TX. The organization was established in 1982. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Biblical Perspectives 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 07/2023, Biblical Perspectives Inc generated $66.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $60.7k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Biblical Perspectives Inc has awarded 39 individual grants totaling $395,461. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
17 GRANTS TO VARIOUS CHURCHES, AND OTHER RELIGIOUS NONPROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Frey Vice President/director | 1 | $0 | |
John M Frey President/director | 1 | $0 | |
David M Frey Director | 1 | $0 | |
Adam C Frey Director | 1 | $0 | |
David R Frey Director | 1 | $0 | |
Sarah R Hastings Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $179 |
| Dividends & Interest | $41,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,728 |
| Capital Gain Net Income | $27,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $544 |
| Total operating and administrative expenses | $3,376 |
| Contributions, gifts, grants paid | $57,303 |
| Total expenses and disbursements | $60,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,187 |
| Savings and temporary cash investments | $3,016 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $460,828 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,279,529 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Biblical Perspectives Inc has awarded $57,303 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN INLAND MISSION PURPOSE: SPREAD THE GOSPEL | $11,300 |
CALVARY CHAPEL PURPOSE: GIFT TO CHURCH | $600 |
CAPITOL COMMISSION TEXAS PURPOSE: SPREAD THE GOSPEL | $2,100 |
CAMP PENIEL PURPOSE: SPREAD THE GOSPEL | $11,800 |
COALITION FOR CHISTIAN OUTREACH PURPOSE: SPREAD THE GOSPEL | $600 |
ENTRUST MINISTRIES INTERNATL PURPOSE: SPREAD THE GOSPEL | $2,200 |