First Baptist Foundation INC FY2020 filing

Tax-deductible

Columbus, GA501(c)(3)Since 1963EIN 58-1838325

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The object and purpose is to acquire, solicit, encourage and facilitate the making of gifts, donations and benefactions by deed, will, gift or otherwise, and to manage, hold and administer funds and property of every kind and nature which, after the payment of necessary expenses, shall be devoted exclusively to the causes of charity, education and religion of the First Baptist Church of Columbus, Georgia.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $88K a year · 39% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$196K
Spent
$91K
To programs
74%
Net assets
$5.4M
By yearFY2020–FY2024
Revenue
$196K
FY2020
Revenue by fiscal year
FY2020$196K
FY2021$363K
FY2022$221K
FY2023$83K
FY2024$269K
Expenses
$91K
FY2020
Expenses by fiscal year
FY2020$91K
FY2021$132K
FY2022$59K
FY2023$285K
FY2024$123K
Net assets
$5.4M
FY2020
Net assets by fiscal year
FY2020$5.4M
FY2021$5.7M
FY2022$5.2M
FY2023$5.3M
FY2024$5.7M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $67K Management & general 26% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Church Pastor
$0Pt VII · Sec A
See First Baptist Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds church operations and ministries.

Provided by the organization

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1 program · $67K · in their own filed words · FY2020
01

The Foundation contributed funds to First Baptist Church of Columbus, Ga., Inc. for the Church to use to purchase additional capital assets to be used by the Church and for Church related programs.

$67Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $566K · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$196K
Ln 12
Investment incomeLn 3$196K
Money outPt IX
$91K
Ln 25
Programscol B$67K
Managementcol C$24K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$5.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$196K
Gains on assetsLn 7$55K
Total revenueLn 12$196K
Assets in detailPt X, end of year
SavingsLn 2$163K
Cash and savings togetherLn 1–2$163K
InvestmentsLn 11–13$5.2M
Total assetsLn 16$5.4M
LiabilitiesLn 26$0
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$98K$163K
InvestmentsLn 11–13$5.1M$5.2M
Total assetsLn 16$5.1M$5.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.1M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$67K$67K
Pay of current officers, directors and key staffLn 5$6K$6K
Other fees for servicesLn 11g$4K$4K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$91K$67K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $269K$123K$146K$5.7M 990 PDF
FY2023 $83K$285K−$203K$5.3M 990 PDF
FY2022 $221K$59K$162K$5.2M 990 PDF
FY2021 $363K$132K$232K$5.7M 990 PDF
FY2020 Viewing $196K$91K$104K$5.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $195,538 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $140,982$140,982
VIII-7 Net gain or loss on sales of assetsExcluded from tax $54,556$54,556
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $195,538$195,538
Part IX · Statement of functional expenses $91,330 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $67,175$67,175
IX-5 Pay of current officers, directors and key staffManagement $5,667$5,667
IX-11g Other fees for servicesManagement $3,509$3,509
IX-24 Other expenses (24a–d)Management $14,979$14,979
IX-25 Total functional expensesPrograms $67,175 · Management $24,155 · Fundraising $0$91,330
Part X · Balance sheet $5,358,589 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $98,012$162,786
X-11 Publicly traded securitiesStart of year $5,050,099$5,195,803
X-16 Total assetsStart of year $5,148,112$5,358,589
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $5,148,112$5,358,589
X-32 Total net assets or fund balancesStart of year $5,148,112$5,358,589
X-33 Total liabilities and net assetsStart of year $5,148,112$5,358,589
Part XI · Reconciliation of net assets $5,358,589 net assets at year end
XI-1 Total revenue$195,538
XI-2 Total expenses$91,330
XI-3 Revenue less expenses$104,208
XI-4 Net assets at start of year$5,148,112
XI-5 Net unrealized gains (losses) on investments$106,270
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$5,358,589

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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