Nonprofit · EIN 11-2848912
FREEPORT BIBLE CENTER INC
Tax-exempt · FREEPORT, NY 11520
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,030,912 | $3,091,611 | -$60,699 | $4,707,679 | $152,160 | $4,555,519 |
| December 31, 2023 | 990 | $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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carlos L Vargas | President Officer | 60 | $93,470 |
| Evelyn Vargas | Vice President Officer | 25 | $0 |
| Tito Mattei | Board Secretary Officer | 10 | $0 |
| Juan Rodriguez | Board Member Key employee | 10 | $0 |
| Jose Liz | Trustee Key employee | 10 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLOS L VARGAS | President Officer | 60 | $93,470 |
| EVELYN VARGAS | Vice President Officer | 25 | $18,200 |
| TITO MATTEI | Board Secretary Officer | – | $0 |
| JUAN RODRIGUEZ | Board Member Key employee | – | $0 |
| JOSE LIZ | Trustee 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
Program accomplishments
- Religious ServicesExpenses $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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 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
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,030,912 | $3,091,611 | $4,707,679 | XML |
| 990 | December 2023 | $3,531,772 | $3,122,065 | $4,768,378 | XML |
| 990 | December 2022 | $3,017,105 | $2,869,152 | $4,272,554 | IRS |
| 990 | December 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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