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Nonprofit · EIN 31-1782614

BELIEVERS STEWARDSHIP SERVICES INC

Tax-exempt · DUBUQUE, IA 52001

Financials

$11.7M$4.5M2022$4.8M$4.6M2023$4.5M$5.1M2024
Revenue Expenses · by fiscal year end
Financials of BELIEVERS STEWARDSHIP SERVICES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,544,986$5,106,118-$561,132$24,228,747$4,278,252$19,950,495
June 30, 2024990$4,776,002$4,583,491$192,511$23,409,163$3,779,916$19,629,247
June 30, 2023990$11,717,584$4,461,332$7,256,252$22,648,425$3,999,237$18,649,188
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,553,854
Program service revenue
$0
Investment income
$983,215
Royalties
$7,917
Net gain from sales of assets
$384,002
Other revenue
$7,917

Expenses

Grants and similar amounts paid
$4,127,238
Compensation of officers, directors and key employees
$153,044
Other salaries and wages
$274,473
Salaries, compensation and benefits (total)
$583,517
Professional fundraising fees
$0
Legal fees
$27,811
Accounting fees
$37,153
Travel
$39,090
Depreciation
$5,248
Program services (functional)
$4,593,941
Management and general (functional)
$492,983
Fundraising (functional)
$19,194

Balance sheet and other

Total assets, start of year
$23,409,163
Total assets, end of year
$24,228,747
Total liabilities, end of year
$4,278,252
Net assets, end of year
$19,950,495
Land, buildings and equipment
$8,360
Publicly traded securities
$15,289,329
Net assets without donor restrictions
$19,591,153
Net assets with donor restrictions
$359,342
Gross receipts
$11,061,739
Employees
5
Volunteers
6
Year formed
2001
State of legal domicile
IN

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ROBERT SULLIVANPRESIDENT & CEO
Trustee or director, Officer
40$121,658$19,279
WILLIAM COYLECHAIRMAN
Trustee or director, Officer
2$0$0
SAMUEL THORPE JRVICE CHAIRMAN
Trustee or director, Officer
0.2$0$0
WALTER SKIP ELLIOTTTREASURER
Trustee or director, Officer
1$0$0
MARK KELLERRISK OFFICER
Trustee or director, Officer
1$0$0
PAUL BONNERSECRETARY
Trustee or director, Officer
0.2$0$0
JOHN PEASLANDDIRECTOR
Trustee or director
0.5$0$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationOther / benefits
Robert SullivanPresident & CEO
Trustee or director, Officer
40$115,507$19,005
Mark KellerRisk Officer
Trustee or director, Officer
1$0$0
Samuel Thorpe JrVice Chairman
Trustee or director, Officer
0.2$0$0
Walkter Skip ElliottTreasurer
Trustee or director, Officer
1$0$0
William CoyleChairman & Assistant Secretary
Trustee or director, Officer
2$0$0
John PeaslandDirector
Trustee or director
0.5$0$0
Paul BonnerDirector
Trustee or director
0.2$0$0
990 for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
Robert SullivanPresident & CEO
Trustee or director, Officer
40$108,250$18,408
Mark KellerRisk Officer
Trustee or director, Officer
1$0$0
Samuel Thorpe JrVice Chairman
Trustee or director, Officer
0.2$0$0
Walkter Skip ElliottTreasurer
Trustee or director, Officer
1$0$0
William CoyleChairman & Assistant Secretary
Trustee or director, Officer
2$0$0
Paul BonnerDirector
Trustee or director
0.2$0$0

Address and contacts

Address (IRS master file)
2250 CHANEY RD, DUBUQUE, IA 52001-2913
In care of
% DAVID M ALLISON
Principal officer (990 for 2024)
ROBERT C SULLIVAN, 2250 CHANEY ROAD, DUBUQUE, IA 52001
Signed the 990
ROBERT C SULLIVAN, PRESIDENT & CEO
Phone
(563) 582-4818
Return prepared by
CRI CAPIN CROUSE ADVISORS LLC

Mission

THE MINISTRY IS DESIGNED TO GLORIFY GOD IN FULFILLING BIBLICAL STEWARDSHIP BY ASSISTING CHRISTIANS TO ACCOMPLISH THEIR FINANCIAL & ESTATE PLANNING GOALS & BY SUPPORTING LOCAL NEW TESTAMENT CHURCHES & ASSOCIATED MINISTRIES WITH FINANCIAL AND GOVERNANCE RELATED MATTERS.

990 for the year ended June 30, 2025

Program accomplishments

  • RENDERING DONOR ADVISED FUND AND OTHER FUND MANAGEMENT SERVICES TO INDIVIDIUALS, TRUSTS/ESTATES, AND ACTIVE OR DISSOLVED CHURCHES/MINISTRIES, PROVIDING CHURCHES AND OTHER MINISTRIES WITH CORPORATE GOVERNANCE, AND ASSISTING CHURCHES WITH ASSET DISSOLUTION DURING THE YEAR.
    Expenses $4,551,390 · grants $4,127,238
  • RENDERING ESTATE PLANNING SERVICES (E.G., ASSISTANCE IN THE PREPARATION OF WILLS, REVOCABLE LIVING TRUSTS, POWERS OF ATTORNEY, ESTATE AND TRUST TAX RETURNS) AND PLANNED GIVING (E.G., ADMINISTRATION OF CHARITABLE GIFT ANNUITIES AND CHARITABLE REMAINDER TRUSTS) TO CLIENTS AS WELL AS OTHER MINISTRIES' CLIENTS DURING THE FISCAL YEAR, BENEFITING MANY CHARITIES BESIDES LMS. PROVIDING DONOR EDUCATION THROUGH SEMINARS IN AREAS OF ESTATE PLANNING AND PLANNED GIVING. WE ENTERED INTO A SUBSCRIPTION AGREEMENT WITH FREEWILL IN ORDER FOR US TO HAVE AN EFFECTIVE TOOL TO ASSIST MOST INDIVIDUALS TO PREPARE WILLS, TRUSTS, ETC. THIS SUBSCRIPTION TOOL IS OFFERED TO CLIENTS AT NO CHARGE, BECAUSE WE COVER THE COST.
    Expenses $31,400
  • RENDERING OR PAYING OTHER VENDORS TO RENDER TAX PREPARATION SERVICES TO INDIVIDUALS (INCLUDING MISSIONARIES, AND MINISTERS OF THE GOSPEL), TRUSTS AND ESTATES, AND A FEW CHARITABLE ORGANIZATIONS.
    Expenses $11,151

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
31-1782614
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$24,228,747
Income (IRS master file)
$11,061,739

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,544,986$5,106,118$24,228,747IRS
990June 2024$4,776,002$4,583,491$23,409,163XML
990June 2023$11,717,584$4,461,332$22,648,425XML
990June 2022$5,402,636$5,557,491$15,426,767IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––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 31-1782614).

Questions about BELIEVERS STEWARDSHIP SERVICES INC

What is the EIN of BELIEVERS STEWARDSHIP SERVICES INC?
The employer identification number (EIN) of BELIEVERS STEWARDSHIP SERVICES INC is 31-1782614.
Is BELIEVERS STEWARDSHIP SERVICES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to BELIEVERS STEWARDSHIP SERVICES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BELIEVERS STEWARDSHIP SERVICES INC 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 BELIEVERS STEWARDSHIP SERVICES INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BELIEVERS STEWARDSHIP SERVICES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of BELIEVERS STEWARDSHIP SERVICES INC?
The 990 for the year ended June 30, 2025 names ROBERT C SULLIVAN.
Who are the officers and directors of BELIEVERS STEWARDSHIP SERVICES INC?
The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $121,658 (ROBERT SULLIVAN, PRESIDENT & CEO).
How much revenue does BELIEVERS STEWARDSHIP SERVICES INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,544,986, expenses of $5,106,118 and total assets of $24,228,747 at year end.

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