Believe in Nashville, Tennessee (TN)

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Believe
Employer Identification Number (EIN)202149883
Name of OrganizationBelieve
In Care of NameJOSEPH TURNER
Address500 Eighth Avenue South, Nashville, TN 37203
SubsectionCharitable Organization
Ruling Date08/2006
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$5,637
Amount of Income$30,316
Form 990 Revenue Amount$9,680
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Fund Raising and/or Fund Distribution


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Amount of income in 2014: $30,316 (it was $9,680 in 2013)
Believe: 

 $30,316
Other organizations performing similar types of work: 

 $79,267

Assets in 2014: $5,637 (it was $5,637 in 2013)
Believe: 

 $5,637
Other organizations performing similar types of work: 

 $59,617

Expenses in 2013: $4,971
Believe: 

 $4,971
Other organizations performing similar types of work: 

 $53,476

Income to expenses ratio in 2013: 6.1
Believe: 

 6.1
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 116.6%
This organization: 

 116.6%
Other organizations performing similar types of work: 

 85.0%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$32,330$5,356$9,680
Contributions, gifts, grants, and similar amounts received$18,000$0$11,290
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$14,330$5,356$-1,610
Gross income from gaming$0$0$0
Gross income from fundraising events$34,971$28,077$19,026
Less: direct expenses from gaming and fundraising events$20,641$22,721$20,636
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$33,030$16,167$4,971
Total net assets$21,106$10,589$5,637
Excess/Deficit for the year$-700$-10,811$4,709
Net assets or fund balances at beginning of year$21,806$21,400$928
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$10,589$5,637
Balance Sheets
201120122013
Total assets$21,106$10,589$5,637
Total liabilities$0$0$0
Net assets or fund balances$21,106$10,589$5,637
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Lebanese Syrian Assoc Char Inc501 Saint Jude Pl, Memphis, TN 38105-1905TN1980-01$1,461,102,657
2Ria Charitable Investments Inc7500 W Camp Wisdom Rd, Dallas, TX 75236-5629TX2014-09$34,107,330
3United Methodist Foundation Of West Virginia IncPO BOX 3811, Charleston, WV 25338-3811WV2014-08$20,404,629
4Brahmananda Saraswati Foundation1750 Maharishi Center Ave, Fairfield, IA 52556-9123IA2009-03$9,505,828
5Bf Property Tr, Timothy Johnson Ttee5670 Granny White Pike, Brentwood, TN 37027-4121TN2014-09$4,945,273
6Blood Water Mission Inc521 8th Avenue S Suite 20, Nashville, TN 37203-4237TN2005-06$3,572,338
7Trinity Boston Foundation IncC/O Trinity Church 206 Clarendon St, Boston, MA 02116MA1981-10$2,091,920
8Norman E Alexander Family S Foundation Inc250 Park Ave Ste 1900, New York, NY 10177-1999NY2011-02$1,978,140
9Wiseheart Foundation112 Pidgeon Road, Memphis, TN 38117TN2013-02$692,102
10Crosslink Memphis Inc200 E Parkway N, Memphis, TN 38112-5414TN2012-05$185,747
11Rockbridge Foundation7777 Concord Rd, Brentwood, TN 37027-6726TN2007-06$128,493
12New Vision International MinistriesPO BOX 163, Kingsport, TN 37662-0163TN2010-03$81,464
13America Ablaze-Cultural Pioneering Inc2490 Keith St Nw, Cleveland, TN 37311-1309TN2010-08$46,130
14Believe500 Eighth Avenue South, Nashville, TN 37203TN2006-08$30,316
15Second Presbyterian Church Realty Foundation Inc4055 Poplar Ave, Memphis, TN 38111TN2002-04$6
16Dual Purpose Mission Foundation Inc2045 Lynnwood Dr, Franklin, TN 37069TN2013-02$0
17Give The GospelPO BOX 38164, Germantown, TN 38183TN2013-01$0
18His Covenant Ministries Inc425 Ridgecrest Dr, Arlington, TN 38002-4663TN2012-08$0
19Hope Central IncPo Box 24472, Knoxville, TN 37933TN2011-07$0
20Vida Foundation Inc2034 Greenfield Ave Nw, Cleveland, TN 37312-2543TN2015-01$0
Number of organizations performing similar types of work
Alaska2
Alabama31
Arkansas6
Arizona15
California98
Colorado17
Connecticut4
District of Columbia4
Delaware1
Florida47
Georgia34
Hawaii1
Iowa5
Idaho5
Illinois46
Indiana19
Kansas6
Kentucky11
Louisiana13
Massachusetts11
Maryland16
Maine2
Michigan31
Minnesota16
Missouri12
Mississippi8
Montana3
North Carolina31
North Dakota1
Nebraska10
New Hampshire1
New Jersey16
New Mexico3
Nevada4
New York56
Ohio19
Oklahoma6
Oregon7
Pennsylvania27
Rhode Island3
South Carolina12
Tennessee15
Texas62
Utah4
Virginia21
Vermont1
Washington16
Wisconsin9
West Virginia2
International3
Total793

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