Biblica Ministries Foundation
- Assets
- $17.8m
- Revenue
- $550.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 03/1994
- Data as of
- 09/2021
- EIN
- 84-1190575
Organization Overview
Biblica Ministries Foundation is located in Colorado Springs, CO. The organization was established in 1994. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Biblica Ministries Foundation 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 09/2021, Biblica Ministries Foundation generated $550.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $161.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (28.0%) per year over the past 7 years. 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
BIBLICA MINISTRIES FOUNDATION EXISTS TO SUPPORT BIBLICA AND FOSTER PLANNED GIVING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGING AND ADMINISTERING INVESTMENTS, CHARITABLE TRUSTS AND CHARITABLE GIFT ANNUITIES IN SUCH A WAY AS TO MAXIMIZE RESOURCES FOR MINISTRY GRANTS TO BIBLICA AND CHARITABLE REMAINDERMEN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geof Morin CEO And President | OfficerTrustee | 1 | $0 |
Bruce Trowbridge CFO & Treasurer | OfficerTrustee | 1 | $0 |
Tracy Thomas Svp-Advancement & Asst Secretary | Officer | 1 | $0 |
Barry Flynn Chairman | Trustee | 1 | $0 |
Jim Bridges Chairman Of Biblica, Inc. | Trustee | 1 | $0 |
Andy Goodwin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,689 |
| Investment income | $108,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,955 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,000 |
| Fees for services: Other | $7,823 |
| Advertising and promotion | $4,753 |
| Office expenses | $284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $161,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,556 |
| Savings and temporary cash investments | $0 |
| 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 | $7,151 |
| Investments—publicly traded securities | $5,890,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,882,766 |
| Total assets | $17,831,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,260,946 |
| 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 | $1,369,875 |
| Total liabilities | $9,630,821 |
| 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 |
| Total liabilities and net assets/fund balances | $8,200,481 |