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Nonprofit · EIN 11-2848912

FREEPORT BIBLE CENTER INC

Tax-exempt · FREEPORT, NY 11520

Financials

$3.5M$3.1M2023$3M$3.1M2024
Revenue Expenses · by fiscal year end
Financials of FREEPORT BIBLE CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,030,912$3,091,611-$60,699$4,707,679$152,160$4,555,519
December 31, 2023990$3,531,772$3,122,065$409,707$4,768,378$152,160$4,616,218
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,030,912
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$93,470
Other salaries and wages
$126,887
Salaries, compensation and benefits (total)
$240,111
Professional fundraising fees
$0
Legal fees
$22,775
Occupancy
$72,994
Travel
$89,710
Depreciation
$97,350
Program services (functional)
$3,032,996
Management and general (functional)
$58,615

Balance sheet and other

Total assets, start of year
$4,768,378
Total assets, end of year
$4,707,679
Total liabilities, end of year
$152,160
Net assets, end of year
$4,555,519
Land, buildings and equipment
$2,523,388
Net assets without donor restrictions
$4,555,519
Gross receipts
$3,030,912
Employees
32
Volunteers
6
Year formed
2003
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Carlos L VargasPresident
Officer
60$93,470
Evelyn VargasVice President
Officer
25$0
Tito MatteiBoard Secretary
Officer
10$0
Juan RodriguezBoard Member
Key employee
10$0
Jose LizTrustee
Key employee
10$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
CARLOS L VARGASPresident
Officer
60$93,470
EVELYN VARGASVice President
Officer
25$18,200
TITO MATTEIBoard Secretary
Officer
–$0
JUAN RODRIGUEZBoard Member
Key employee
–$0
JOSE LIZTrustee
Key employee
–$0

Address and contacts

Address (IRS master file)
50 N MAIN ST, FREEPORT, NY 11520-2219
In care of
% CARLOS L VARGAS
Principal officer (990 for 2024)
Carlos L Vargas, 50 N Main Street, Freeport, NY 11520
Signed the 990
Carlos L Vargas, PRESIDENT
Phone
(516) 546-2020
Return prepared by
Paul E Bellini CPA

Mission

Spread the Gospel of Jesus Christ. -Church

990 for the year ended December 31, 2024

Program accomplishments

  • Religious Services
    Expenses $3,032,996 · revenue $3,030,912

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-2848912
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
December
Files
Not required (church)
Assets (IRS master file)
$4,707,679
Income (IRS master file)
$3,030,912

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,030,912$3,091,611$4,707,679XML
990December 2023$3,531,772$3,122,065$4,768,378XML
990December 2022$3,017,105$2,869,152$4,272,554IRS
990December 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2848912).

Questions about FREEPORT BIBLE CENTER INC

What is the EIN of FREEPORT BIBLE CENTER INC?
The employer identification number (EIN) of FREEPORT BIBLE CENTER INC is 11-2848912.
Is FREEPORT BIBLE CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to FREEPORT BIBLE CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREEPORT BIBLE CENTER INC file?
Form Not required (church). Churches are not required to file.
When is the next return of FREEPORT BIBLE CENTER INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEPORT BIBLE CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FREEPORT BIBLE CENTER INC?
The 990 for the year ended December 31, 2024 names Carlos L Vargas.
Who are the officers and directors of FREEPORT BIBLE CENTER INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $93,470 (Carlos L Vargas, President).
How much revenue does FREEPORT BIBLE CENTER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,030,912, expenses of $3,091,611 and total assets of $4,707,679 at year end.

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