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Nonprofit · EIN 26-3204092

SIBI FOUNDATION

Tax-exempt · LUBBOCK, TX 79410

Financials

$2.9M$1.1M2023$2.4M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of SIBI FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,357,099$1,275,233$1,081,866$29,165,924$36,700$29,129,224
December 31, 2023990$2,906,668$1,088,724$1,817,944$26,497,052$0$26,497,052
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,576,003
Program service revenue
$0
Investment income
$781,096
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$1,126,572
Management and general (functional)
$148,661

Balance sheet and other

Total assets, start of year
$26,497,052
Total assets, end of year
$29,165,924
Total liabilities, end of year
$36,700
Net assets, end of year
$29,129,224
Publicly traded securities
$28,946,757
Net assets without donor restrictions
$27,604,964
Net assets with donor restrictions
$1,524,260
Gross receipts
$2,357,099
Employees
0
Volunteers
0
Year formed
2011
State of legal domicile
TX

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
TRUITT ADAIRPRESIDENT
Trustee or director, Officer
1$0
KENZEL MAYVICE PRESIDENT
Trustee or director, Officer
1$0
STEVE CROCKETTTREASURER
Trustee or director, Officer
1$0
GENE MCGUIREDIRECTOR
Trustee or director
1$0
DON BROWNDIRECTOR
Trustee or director
1$0
CHRIS RANEYDIRECTOR
Trustee or director
1$0
SAM HAWTHORNEDIRECTOR
Trustee or director
1$0
MARK SAMSILLDIRECTOR
Trustee or director
1$0
JAY REYNOLDSDIRECTOR
Trustee or director
1$0
SEAN MCNIELSECRETARY
Officer
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
TRUITT ADAIRPRESIDENT
Trustee or director, Officer
1$0
KENZEL MAYVICE PRESIDENT
Trustee or director, Officer
1$0
STEVE CROCKETTTREASURER
Trustee or director, Officer
1$0
GENE MCGUIREDIRECTOR
Trustee or director
1$0
DON BROWNDIRECTOR
Trustee or director
1$0
CHRIS RANEYDIRECTOR
Trustee or director
1$0
SAM HAWTHORNEDIRECTOR
Trustee or director
1$0
MARK SAMSILLDIRECTOR
Trustee or director
1$0
JAY REYNOLDSDIRECTOR
Trustee or director
1$0
SEAN MCNIELSECRETARY
Officer
1$0

Address and contacts

Address (IRS master file)
3723 34TH ST, LUBBOCK, TX 79410-2895
In care of
% BRAD PRUITT
Principal officer (990 for 2024)
TRUITT ADAIR, 3723 34TH STREET, LUBBOCK, TX 79410
Signed the 990
TRUITT ADAIR, PRESIDENT
Phone
(806) 788-3242
Return prepared by
CRI ADVISORS LLC

Mission

SIBI FOUNDATION SOLELY SUPPORTS THE ACTIVITIES AND MISSIONS OF SUNSET INTERNATIONAL BIBLE INSTITUTE, INC

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPORT SUNSET INTERNATIONAL BIBLE INSTITUTE THROUGH TRANSFERS OF CASH FOR OPERATING PURPOSES
    Expenses $1,126,572

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
26-3204092
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$29,165,924
Income (IRS master file)
$2,357,099

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,357,099$1,275,233$29,165,924XML
990December 2023$2,906,668$1,088,724$26,497,052XML
990December 2022$3,423,400$993,684$22,325,974IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 26-3204092).

Questions about SIBI FOUNDATION

What is the EIN of SIBI FOUNDATION?
The employer identification number (EIN) of SIBI FOUNDATION is 26-3204092.
Is SIBI FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to SIBI FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does SIBI FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SIBI 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 SIBI FOUNDATION 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 SIBI FOUNDATION?
The 990 for the year ended December 31, 2024 names TRUITT ADAIR.
Who are the officers and directors of SIBI FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does SIBI FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,357,099, expenses of $1,275,233 and total assets of $29,165,924 at year end.

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