BELIEVERS STEWARDSHIP SERVICES INC

EIN: 311782614 501(c)(3) Philanthropy & Grantmaking

DUBUQUE, IA

Total Revenue
$4,544,986
Total Expenses
$5,106,118
Total Assets
$24,228,747
Net Assets
$19,950,495
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IN
Principal Officer
ROBERT C SULLIVAN
Phone
5635824818
Tax Period
2024-07-01 to 2025-06-30

BELIEVERS STEWARDSHIP SERVICES INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.5M in total revenue in fiscal year 2024. Expenses of $5.1M exceeded revenue, resulting in a 12% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $4,551,390

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...

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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.

Program 2
Expenses: $31,400

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...

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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.

Program 3
Expenses: $11,151

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,553,854
Program Service Revenue $0
Investment Income $983,215
Other Revenue $7,917
TOTAL REVENUE $4,544,986

Expense Breakdown

Grants Paid $4,127,238
Salaries & Benefits $583,517
Fundraising Expenses $19,194
Program Expenses $4,593,941
Other Expenses $395,363
TOTAL EXPENSES $5,106,118

Year-over-Year Comparison

2024 2023 Change
Revenue $4,544,986 $4,776,002 0.0%
Expenses $5,106,118 $4,583,491 +0.1%
Net Income $-561,132 $192,511 -3.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
5
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$140,937
Total Directors
7
$140,937
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SULLIVAN PRESIDENT & CEO 40.00
Officer Director
$121,658 $19,279 $140,937
WILLIAM COYLE CHAIRMAN 2.00
Officer Director
$0 $0 $0
SAMUEL THORPE JR VICE CHAIRMAN 0.20
Officer Director
$0 $0 $0
WALTER SKIP ELLIOTT TREASURER 1.00
Officer Director
$0 $0 $0
MARK KELLER RISK OFFICER 1.00
Officer Director
$0 $0 $0
PAUL BONNER SECRETARY 0.20
Officer Director
$0 $0 $0
JOHN PEASLAND DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,544,986 $5,106,118 $24,228,747 $-561,132
2024 $4,776,002 $4,583,491 $23,409,163 $192,511
2023 $11,717,584 $4,461,332 $22,648,425 $7,256,252
2022 $5,402,636 $5,557,491 $15,426,767 $-154,855
2021 $3,760,622 $3,383,469 $18,487,302 $377,153
2020 $3,227,788 $4,111,768 $15,661,597 $-883,980
2019 $5,164,650 $5,861,526 $16,882,062 $-696,876
2018 $3,637,410 $2,797,298 $17,463,476 $840,112
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