BB PROPERTY TRUST UA DATED 71013
5670 GRANNY WHITE PIKE, BRENTWOOD, TN 37027

Total Revenue
$13,750
Total Expenses
$490,487
Net Assets
$14,840,469

Organizations Filed Purposes: 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.

THE TRUST MAINTAINS A LEASE AGREEMENT WITH BETHEL WORLD OUTREACH CENTER, INC. PURSUANT TO WHICH THE TRUST LEASES THE BRENTWOOD CHURCH TO BETHEL, FOR NOMINAL CONSIDERATION. IN ADDITION TO ACTING AS BETHEL'S LANDLORD UNDER THE LEASE AGREEMENT, THE TRUST UTILIZES 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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Michael OmartianCO-TRUSTEE0.25$0
Brian ChurchCO-TRUSTEE0.25$0
Timothy JohnsonCO-TRUSTEE0.25$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202031699349301018_public.xml