Nonprofit · EIN 75-2572778
BIBLICAL STUDIES FOUNDATION
Tax-exempt · RICHARDSON, TX 75083
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $596,397 | $385,125 | $211,272 | $2,115,164 | $2,223 | $2,112,941 |
| December 31, 2023 | 990-PF | $364,539 | $353,846 | $10,693 | $1,901,669 | $0 | $1,901,669 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $320,181
- Dividends
- $209,598
- Other income
- $15,522
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $52,000
- Salaries, compensation and benefits (total)
- $101,200
- Disbursements for charitable purposes
- $265,179
- Excise tax on investment income
- $2,913
Balance sheet and other
- Total assets, start of year
- $1,901,669
- Total assets, end of year
- $2,115,164
- Total liabilities, end of year
- $2,223
- Net assets, end of year
- $2,112,941
- Qualifying distributions
- $265,179
- Net investment income
- $209,598
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John H Keathley 6302 Galaxie Rd, Garland, TX 75044 | Director | 40 | $52,000 |
| Joe Head 1980 Airpark Lane, Plano, TX 75093 | President | 0 | $0 |
| Patsy Head 3033 E Hebron Pkwy 1403, Carrollton, TX 75010 | Vice President | 0 | $0 |
| Dori Head 1980 Airpark Lane, Plano, TX 75093 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joe Head 1980 Airpark Lane, Plano, TX 75093 | President | 0 | $0 |
| Patsy Head 3033 E Hebron Pkwy 1403, Carrollton, TX 75010 | Vice President | 0 | $0 |
| Dori Head 1980 Airpark Lane, Plano, TX 75093 | Director | 0 | $0 |
| John H Keathley 6302 Galaxie Rd, Garland, TX 75044 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 831119, RICHARDSON, TX 75083-1119
- Signed the 990-PF
- Joe Head, President
- Phone
- (972) 679-8766
- Return prepared by
- CARTER GROUP TAX SERVICE
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-2572778
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X99M)
- Assets (IRS master file)
- $2,115,164
- Income (IRS master file)
- $596,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $596,397 | $385,125 | $2,115,164 | IRS |
| 990-PF | December 2023 | $364,539 | $353,846 | $1,901,669 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 75-2572778).
Questions about BIBLICAL STUDIES FOUNDATION
- What is the EIN of BIBLICAL STUDIES FOUNDATION?
- The employer identification number (EIN) of BIBLICAL STUDIES FOUNDATION is 75-2572778.
- Is BIBLICAL STUDIES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to BIBLICAL STUDIES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does BIBLICAL STUDIES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BIBLICAL STUDIES FOUNDATION 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 BIBLICAL STUDIES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of BIBLICAL STUDIES FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $52,000 (John H Keathley, Director).
- How much revenue does BIBLICAL STUDIES FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $596,397, expenses of $385,125 and total assets of $2,115,164 at year end.
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