Bima Services
- Assets
- $14.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, WA
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 81-5159648
Organization Overview
Bima Services is located in Lakewood, WA. The organization was established in 2017. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bima Services 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 12/2023, Bima Services generated $164.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $163.8k during the year ending 12/2023. While expenses have increased by 19.6% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO RESTORE PURPOSE BY IMPROVING LIVES THROUGH COMMUNITY OUTREACH, SUPPORTIVE HOUSING & MEETING THE BASIC NEEDS OF LOW INCOME & UNHOUSED INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frankie Johnson Chairman | 10 | $0 | |
Bridgette Johnson President & CEO | 20 | $3,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,287 |
| Total Program Service Revenue | $157,861 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $164,151 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $2,257 |
| Salaries, other compensation, and employee benefits | $14,465 |
| Professional fees and other payments to independent contractors | $2,088 |
| Occupancy, rent, utilities, and maintenance | $115,907 |
| Printing, publications, postage, and shipping | $234 |
| Other expenses | $28,866 |
| Total expenses | $163,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,370 |
| Other assets | $0 |
| Total assets | $14,370 |
| Total liabilities | $9,168 |
| Net assets or fund balances | $5,202 |