Biblical Foundations Academy FY2023 filing

Tax-deductible

Charlotte, NC501(c)(3)ReligionEIN 41-1861794Revenue $343K in FY2023

On file with the IRSbfainternational.com6801 Kinghurst Dr, 28216-8749 · Charlotte, NCTax-exempt since Apr 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Helping people build a Biblical foundation for their faith (website, tours, speaking)

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $24K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$343K
-8% vs prior year
Spent
$316K
To programs
60%
Net assets
$460K
By yearFY2020–FY2025
Revenue
$343K
FY2023▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$309K
FY2021$358K
FY2022$373K
FY2023$343K
FY2024$259K
FY2025$146K
Expenses
$316K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$231K
FY2021$305K
FY2022$306K
FY2023$316K
FY2024$237K
FY2025$251K
Net assets
$460K
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$312K
FY2021$365K
FY2022$433K
FY2023$460K
FY2024$482K
FY2025$376K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $189K Management & general 37% · $117K Fundraising 3% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
$50,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Keith Johnson’s $58K as Director is at the 59th percentile of top reported officer pay among 2132 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Keith Johnson$57,667$50,000$50,000$50,000$50,000$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds a biblical foundation for faith through websites, tours, and speaking.

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Provided by the organization

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3 programs · $57K · in their own filed words · FY2023
01

Social media/advertising/videos

$23Kprogram expense
02

Webite maintenance/App development

$19Kprogram expense
03

Support of Israel projects (Amitsim, Red Heifer)

$15Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$343K
Ln 12
Gifts and grantsLn 1h$298K
Fees for servicesLn 2g$38K
Investment incomeLn 3$4K
Money outPt IX
$316K
Ln 25
Programscol B$189K
Managementcol C$117K
Fundraisingcol D$10K
Owns and owesPt X
$460K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$461K
LiabilitiesLn 26$1K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$298K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$38K
Investment incomeLn 3$4K
Other incomeLn 4–11$3K
Total revenueLn 12$343K
Assets in detailPt X, end of year
CashLn 1$199K
SavingsLn 2$106K
Cash and savings togetherLn 1–2$305K
InvestmentsLn 11–13$153K
Total assetsLn 16$461K
LiabilitiesLn 26$1K
Net assetsLn 32$460K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$267K$305K
InvestmentsLn 11–13$153K$153K
Total assetsLn 16$421K$461K
LiabilitiesLn 26−$12K$1K
Net assetsLn 32$433K$460K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$511$511
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$14K$14K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$136K$86K$45K$5K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$25K$5K$20K
Pension plan contributionsLn 8$19K$19K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$2K$2K
Other fees for servicesLn 11g$45K$45K
Advertising and promotionLn 12$11K$6K$5K
Office expensesLn 13$13K$3K$10K
Information technologyLn 14$6K$4K$2K
RoyaltiesLn 15$12K$10K$2K
Other expenses (24a–d)Ln 24$13K$11K$2K$0
All other expensesLn 24e$11K$4K$7K
Total functional expensesLn 25$316K$189K$117K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $146K$251K−$105K$376K 990 PDF
FY2024 $259K$237K$22K$482K 990 PDF
FY2023 Viewing $343K$316K$27K$460K 990 PDF
FY2022 $373K$306K$68K$433K 990 PDF
FY2021 $358K$305K$53K$365K 990 PDF
FY2020 $309K$231K$78K$312K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $343,029 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $342,196$298,323
I-9 Program service revenuePrior year $21,506$38,342
I-10 Investment incomePrior year $3,456$3,614
I-11 Other revenuePrior year $6,214$2,750
I-12 Total revenuePrior year $373,372$343,029
I-13 Grants and similar amounts paidPrior year $53,365$14,701
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $167,411$190,413
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,792$110,971
I-18 Total expensesPrior year $305,568$316,085
I-19 Revenue less expensesPrior year $67,804$26,944
Part VI · Governance 2 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $343,029 across 12 lines filed
Lines not itemized here account for $2,750 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$298,323
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$298,323
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,342 · Unrelated business $0 · Excluded from tax $0$38,342
VIII-3 Investment incomeRelated to mission $3,614 · Unrelated business $0 · Excluded from tax $0$3,614
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $44,706 · Unrelated business $0 · Excluded from tax $0$343,029
Part IX · Statement of functional expenses $316,085 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $511$511
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $14,190$14,190
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $86,000 · Management $45,000 · Fundraising $5,000$136,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $5,000 · Management $20,000$25,000
IX-8 Pension plan contributionsManagement $18,750$18,750
IX-9 Other employee benefitsManagement $8,750$8,750
IX-10 Payroll taxesManagement $1,913$1,913
IX-11g Other fees for servicesPrograms $44,744$44,744
IX-12 Advertising and promotionPrograms $5,820 · Fundraising $5,000$10,820
IX-13 Office expensesPrograms $2,815 · Management $10,000$12,815
IX-14 Information technologyPrograms $4,000 · Management $1,688$5,688
IX-15 RoyaltiesPrograms $10,282 · Management $2,000$12,282
IX-24 Other expenses (24a–d)Programs $11,340 · Management $2,008 · Fundraising $0$13,348
IX-24e All other expensesPrograms $4,000 · Management $7,274$11,274
IX-25 Total functional expensesPrograms $188,702 · Management $117,383 · Fundraising $10,000$316,085
Part X · Balance sheet $460,735 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $266,618$199,210
X-2 Savings and temporary cash investments$106,226
X-4 Accounts receivableStart of year $435$1,820
X-8 Inventories for sale or useStart of year $517$516
X-11 Publicly traded securitiesStart of year $152,963$152,963
X-16 Total assetsStart of year $420,533$460,735
X-17 Accounts payable and accrued expensesStart of year −$12,201$1,054
X-26 Total liabilitiesStart of year −$12,201$1,054
X-27 Net assets without donor restrictionsStart of year $432,734$459,681
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $432,734$459,681
X-33 Total liabilities and net assetsStart of year $420,533$460,735
Part XI · Reconciliation of net assets $459,681 net assets at year end
XI-1 Total revenue$343,029
XI-2 Total expenses$316,085
XI-3 Revenue less expenses$26,944
XI-4 Net assets at start of year$432,734
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$3
XI-10 Net assets at end of year$459,681

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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