BE RENEWED INC

EIN: 882145251 501(c)(3)

FUQUAY VARINA, NC

Total Revenue
$745,371
Total Expenses
$672,380
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NC
Principal Officer
MIKE LEE
Phone
9193384056
Tax Period
2025-01-01 to 2025-12-31

BE RENEWED INC, founded in 2022, is a small nonprofit that reported $745K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $672K left a modest 10% surplus.

Mission

TO PROVIDE A RELIGIOUS MINISTRY WITH THE PRIMARY FOCUS ON THE TEACHING OF THE BIBLE AND ITS PRINCIPLES WHILE ENCOURAGING THOSE TO LIVE THOSE PRINCIPLES IN THEIR PERSONAL LIVES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $742,883
Program Service Revenue $0
Investment Income $2,488
Other Revenue $0
TOTAL REVENUE $745,371

Expense Breakdown

Grants Paid $0
Salaries & Benefits $392,423
Fundraising Expenses $0
Program Expenses $640,995
Other Expenses $279,957
TOTAL EXPENSES $672,380

Year-over-Year Comparison

2025 2024 Change
Revenue $745,371 $797,655 -0.1%
Expenses $672,380 $292,986 +1.3%
Net Income $72,991 $504,669 -0.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
3
Volunteers
N/A

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
0
$0
Total Directors
3
$176,538
Key Employees
1
$71,154
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE LEE PRESIDENT 50.0
Director
$176,538 $0 $176,538
SHANNON STEWART EMPLOYEE 40.0
Key Emp
$71,154 $0 $71,154
H GLENN BAGWELL DIRECTOR 1.0
Director
$0 $0 $0
ALEX BRENNAN DIRECTOR 1.0
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 $745,371 $672,380 No data $72,991
2024 $797,655 $292,986 $569,581 $504,669
2022 $94,750 $65,993 $28,757 $28,757
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