Public Charity

BB PROPERTY TRUST UA DATED 71013

Based in BRENTWOOD, TN, BB PROPERTY TRUST UA DATED 71013 operates as a Public Charity. The organization reported $446K in expenses, $13.1M in total assets for fiscal year 2024.

EIN: 466900012 BRENTWOOD, TN Real Estate Associations NTEE: S47 Latest filing: 2024
Total Expenses$446K
Total Assets$13.1M
Grant Records0
Filing Years2020–2024

Mission

THE BB PROPERTY TRUST (THE "TRUST") WAS CREATED BY BETHEL WORLD OUTREACH CENTER, INC. ("BETHEL"). FOLLOWING THE TRUST'S FORMATION, BETHEL CONTRIBUTED TO THE TRUST A CHURCH LOCATED AT 5670 GRANNY WHITE PIKE, BRENTWOOD, TN AND THE SURROUNDING REAL PROPERTY. THE TRUST THEN ENTERED INTO A LEASE AGREEMENT WITH BETHEL PURSUANT TO WHICH THE TRUST LEASED THE BRENTWOOD CHURCH TO BETHEL. IN ADDITION TO ACTING AS BETHEL'S LANDLORD UNDER THE LEASE AGREEMENT, THE TRUST PLANS TO UTILIZE ANY OTHER ASSETS CONTRIBUTED TO OR OTHERWISE ACQUIRED BY THE TRUST TO SUPPORT BETHEL, ITS AFFILIATES, AND ANY OTHER CHRISTIAN, BIBLE-BELIEVING CHURCH OR RELIGIOUS ORGANIZATION THAT IS OPERATED AND ORGANIZED WITH AN EMPHASIS ON CHURCH PLANTING, EVANGELISM, AND WORLD MISSIONS.

Officers & Directors

CO-TRUSTEE Michael Omartian
CO-TRUSTEE Ron Lewis
CO-TRUSTEE Timothy Johnson

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $446K $13.1M
2023 $2K $448K $13.6M
2022 $1K $451K $14.0M
2021 $10K $468K $14.5M
2020 $14K $486K $14.9M

Between 2020 and 2023, reported annual revenue declined from $14K to $2K (-86%), with total assets most recently reported at $13.1M.

Interactive year-over-year charts and full filing details available with membership.

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