Civic Intelligence

Bible Education Legacy Fund Inc.

990 • Fiscal year 2017 • EIN 20-8667680

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 15, 2018

Organization ProfileN/A
7901 East Shea BoulevardScottsdale, AZ 85260

(602) 850-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.11x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.67x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

87th percentile

30%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$7,445,768

Up $1,705,029 (+30%) from 2016

Net Assets

Up

$6,612,145

Up $1,086,396 (+20%) from 2016

Liabilities

Up

$833,623

Up $618,633 (+288%) from 2016

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin95th percentile

Revenue

Up

$1,250,092

Up $1,386,812 (+1014%) from 2016

Expenses

Up

$381,340

Up $237,964 (+166%) from 2016

Net Income

Up

$868,752

Up $1,148,848 (+410%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $13,032,446Liabilities 2011: $8,045,316Net Assets 2011: $4,987,1302011Assets 2012: $12,095,625Liabilities 2012: $7,015,376Net Assets 2012: $5,080,2492012Assets 2013: $12,093,691Liabilities 2013: $7,094,753Net Assets 2013: $4,998,9382013Assets 2014: $6,534,385Liabilities 2014: $223,280Net Assets 2014: $6,311,1052014Assets 2015: $6,117,114Liabilities 2015: $218,299Net Assets 2015: $5,898,8152015Assets 2016: $5,740,739Liabilities 2016: $214,990Net Assets 2016: $5,525,7492016Assets 2017: $7,445,768Liabilities 2017: $833,623Net Assets 2017: $6,612,1452017Assets 2018: $11,430,563Liabilities 2018: $945,862Net Assets 2018: $10,484,7012018Assets 2019: $10,364,358Liabilities 2019: $214,010Net Assets 2019: $10,150,3482019Assets 2020: $9,862,319Liabilities 2020: $22,013Net Assets 2020: $9,840,3062020Assets 2021: $11,897,225Liabilities 2021: $55,763Net Assets 2021: $11,841,4622021Assets 2022: $12,669,807Liabilities 2022: $87,147Net Assets 2022: $12,582,6602022Assets 2023: $11,698,857Liabilities 2023: $630Net Assets 2023: $11,698,2272023Assets 2024: $11,036,155Liabilities 2024: $72,552Net Assets 2024: $10,963,6032024Assets 2025: $11,787,281Liabilities 2025: $52,690Net Assets 2025: $11,734,5912025

Highlighted filing

2017

Assets$7,445,768
Liabilities$833,623
Net Assets$6,612,145
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $559,7742011Expenses 2012: $506,2442012Revenue 2013: $434,320Expenses 2013: $515,631Net Income 2013: -$81,3112013Revenue 2014: $2,017,022Expenses 2014: $380,095Net Income 2014: $1,636,9272014Revenue 2015: $159,619Expenses 2015: $177,331Net Income 2015: -$17,7122015Revenue 2016: -$136,720Expenses 2016: $143,376Net Income 2016: -$280,0962016Revenue 2017: $1,250,092Expenses 2017: $381,340Net Income 2017: $868,7522017Revenue 2018: $6,699,108Expenses 2018: $1,093,292Net Income 2018: $5,605,8162018Revenue 2019: $141,789Expenses 2019: $463,331Net Income 2019: -$321,5422019Revenue 2020: $205,545Expenses 2020: $460,845Net Income 2020: -$255,3002020Revenue 2021: $2,098,718Expenses 2021: $295,957Net Income 2021: $1,802,7612021Revenue 2022: $1,452,108Expenses 2022: $364,693Net Income 2022: $1,087,4152022Revenue 2023: $128,070Expenses 2023: $1,231,017Net Income 2023: -$1,102,9472023Revenue 2024: $213,265Expenses 2024: $1,073,811Net Income 2024: -$860,5462024Revenue 2025: $982,607Expenses 2025: $508,613Net Income 2025: $473,9942025

Highlighted filing

2017

Revenue$1,250,092
Expenses$381,340
Net Income$868,752
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 15, 2018
Return Version
2016v3.0
Gross Receipts
$5,695,185
Mission and Program Overview

Mission

BELF is a supporting organization for the benefit of, to perform the functions of, or to carry out the purposes of another 501(c)(3) entity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$260,333$3,359,104▲ $3,098,771
Investments in Publicly Traded Securities$3,765,293$2,338,080▼ $1,427,213
Savings and Temporary Cash Investments$501,986$42,426▼ $459,560
Cash and Non-Interest-Bearing Accounts$4,694$3,501▼ $1,193
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,740,739$7,445,768▲ $1,705,029
Other Assets Total$1,208,433$1,702,657▲ $494,224
Liabilities
Mortgage Notes Payable Secured by Investment Property$212,208$831,723▲ $619,515
Accounts Payable and Accrued Expenses$2,782--
Deferred Revenue-$1,900-
Total Liabilities$214,990$833,623▲ $618,633
Net Assets / Fund Balance
Unrestricted Net Assets$3,699,945$5,137,996▲ $1,438,051
Permanently Rstr Net Assets$1,351,560$1,351,860▲ $300
Temporarily Rstr Net Assets$474,244$122,289▼ $351,955
Total Net Assets Fund Balance$5,525,749$6,612,145▲ $1,086,396
Total Liabilities and Net Assets / Fund Balance$5,740,739$7,445,768▲ $1,705,029

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,116,250-$2,116,250
Buildings$1,242,854$50,896$1,293,750
Other Assets Org$1,702,657--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,363,505$300▲ $141,753-$1,501,079
2015$1,399,650$600▼ $27,385-$1,363,505
2014$1,499,719$2,600▼ $93,608-$1,399,650
2013$1,534,418$8,720▼ $16,022-$1,499,719
2012$1,553,561$3,606▲ $18,258-$1,534,418
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Ron ErikssonPresident
John LangVice President
Randy GarciaDirector
Robert MachenSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,166,875
Program Service Revenue
$22,800
Investment Income
$60,417
Other Revenue
$0
All Other Contributions
$1,166,875
Change in Net Assets
$868,752

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$162,312Fair value
Total Noncash Contributions1$162,312-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$381,340
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$18,229$8,000-$26,229
Interest-$9,729-$9,729
Fees for Services Legal$4,263$220-$4,483
Other Expenses$25,123$2,327-$2,327
Fees for Services Accounting-$1,913-$1,913
All Other Expenses-$1,289-$1,289
Insurance-$1,025-$1,025
Total Functional Expenses$354,375$26,965$0$381,340
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Board of Directors reviews the Form 990 before it is signed and submitted to the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Board of Directors complete a conflict of interest form each year.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Bible Education Legacy Fund Inc
EIN
20-8667680
Phone
6028508000
Address
7901 East Shea Boulevard, Scottsdale, AZ 85260

Signing Officer

Name
Ron Eriksson
Title
President
Signed
2018-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Eriksson
Formed
2006
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Romek Sanders & Co
Address
1640 SOUTH STAPLEY DRIVE SUITE 126, MESA, AZ 85204
Preparer
Vicki Sanders
Phone
4808205041
Supplemental Narrative

Additional Explanations

Form 990, Part I Summary

“BELF, Inc. is an affiliated support organization for a tax-exempt school, section 170(b)(1)(A)(ii).”

Form 990, Part XII, Line 2B

“The financial statements of Bible Education Legacy Fund, Inc. were consolidated into audited financial statements that included other organizations. Separate audited financial statements were not issued for Bible Education Legacy Fund, Inc.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Earnings are to provide student scholarships and fund faculty salaries.”

Part X : FIN48 Footnote

“BELF is a not for profit corporation, which qualifies as a tax-exempt organization under Internal Revenue Code Section 501(c)(3) and comparable state law. Contributions to BELF are tax deductible within the limitations described by the Code.As of June 30, 2017, BELF had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. BELF will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax if incurred.BELF's tax returns are subject to review and examination by federal and state authorities. The tax returns for the years ended June 30, 2014 to 2016 are open to examination by federal authorities and for the years ended June 30, 2013 to 2016 by state authorities.”

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IRS990/PrincipalOfficerNm0Ron Eriksson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc0Rental income
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IRS990/PYContributionsGrantsAmt0600
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-160120
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IRS990/PYOtherExpensesAmt0143376
IRS990/PYProgramServiceRevenueAmt022800
IRS990/PYRevenuesLessExpensesAmt0-280096
IRS990/PYTotalExpensesAmt0143376
IRS990/PYTotalRevenueAmt0-136720
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0868752
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01244334
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0501986
IRS990/SavingsAndTempCashInvstGrp/EOYAmt042426
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Phoenix Seminary, Inc. has both an economic and controlling interest in BELF and its wholly-owned subsidiaries. There is an officer on the BELF board of directors that is an officer on the Phoenix Seminary, Inc. board of directors.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section B, Line 1: Explanation Of How Supported Orgs. Managed Actvities
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0860711495
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0306760
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Phoenix Seminary Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0306760
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.05000
IRS990ScheduleD/BuildingsGrp/BookValueAmt01242854
IRS990ScheduleD/BuildingsGrp/DepreciationAmt050896
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01293750
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01363505
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0300
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01501079
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt04479
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0141753
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01399650
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0600
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01363505
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt09360
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-27385
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01061
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01499719
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01399650
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt08000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-93608
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01534418
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt08720
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01499719
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt027397
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-16022
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01553561
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt03606
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01534418
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt041007
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018258
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02116250
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02116250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01702657
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.90000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Earnings are to provide student scholarships and fund faculty salaries.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BELF is a not for profit corporation, which qualifies as a tax-exempt organization under Internal Revenue Code Section 501(c)(3) and comparable state law. Contributions to BELF are tax deductible within the limitations described by the Code.As of June 30, 2017, BELF had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. BELF will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax if incurred.BELF's tax returns are subject to review and examination by federal and state authorities. The tax returns for the years ended June 30, 2014 to 2016 are open to examination by federal authorities and for the years ended June 30, 2013 to 2016 by state authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.05000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03359104
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01702657
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0Fair value
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt0162312
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors reviews the Form 990 before it is signed and submitted to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors complete a conflict of interest form each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, policies and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BELF, Inc. is an affiliated support organization for a tax-exempt school, section 170(b)(1)(A)(ii).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The financial statements of Bible Education Legacy Fund, Inc. were consolidated into audited financial statements that included other organizations. Separate audited financial statements were not issued for Bible Education Legacy Fund, Inc.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part I Summary
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2b
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Bible Education Legacy Fund Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1Bible Education Legacy Fund Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2Bible Education Legacy Fund Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3Bible Education Legacy Fund Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4Bible Education Legacy Fund Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Joshua Project LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1Lost Canyon 19 LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt24222 E Thomas Rd LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt313164 N 94th Way LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4Shea Seminary LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0255834
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt13106771
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2AZ

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,445,768
Liabilities
$833,623
Net assets
$6,612,145
Revenue
$1,250,092
Expenses
$381,340
Net income
$868,752
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.8$0.05$11.7$0.98$0.51$0.47
2024Detailed filing. Detailed filing data is available for this year.$11.0$0.07$11.0$0.21$1.07$0.86
2023Detailed filing. Detailed filing data is available for this year.$11.7$0.00$11.7$0.13$1.23$1.10
2022Detailed filing. Detailed filing data is available for this year.$12.7$0.09$12.6$1.45$0.36$1.09
2021Detailed filing. Detailed filing data is available for this year.$11.9$0.06$11.8$2.10$0.30$1.80
2020Detailed filing. Detailed filing data is available for this year.$9.86$0.02$9.84$0.21$0.46$0.26
2019Detailed filing. Detailed filing data is available for this year.$10.4$0.21$10.2$0.14$0.46$0.32
2018Detailed filing. Detailed filing data is available for this year.$11.4$0.95$10.5$6.70$1.09$5.61
2017Detailed filing. Detailed filing data is available for this year.$7.45$0.83$6.61$1.25$0.38$0.87
2016Detailed filing. Detailed filing data is available for this year.$5.74$0.21$5.53$0.14$0.14$0.28
2015Detailed filing. Detailed filing data is available for this year.$6.12$0.22$5.90$0.16$0.18$0.02
2014Detailed filing. Detailed filing data is available for this year.$6.53$0.22$6.31$2.02$0.38$1.64
2013Summary only. Only limited summary data is available for this year.$12.1$7.09$5.00$0.43$0.52$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$7.02$5.08$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$8.05$4.99$0.56