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First Baptist Properties INC FY2023 filing

Columbus, GAMutual-benefit / member-servingSince 1999EIN 58-2264396Revenue $81K in FY2023

On file with the IRSPo Box 828, 31902-0828 · Columbus, GATax-exempt since Feb 2000

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To hold title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to First Baptist Church, Inc., an exempt organization under Internal Revenue Code Section 501(c)(3).

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 5
filings with a surplus
Average deficit $210K a year · 1423% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$119K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81K
+80% vs prior year
Spent
$222K
To programs
0%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$81K
FY2023▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020−$87K
FY2021$5K
FY2022$45K
FY2023$81K
FY2024$30K
Expenses
$222K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$204K
FY2021$219K
FY2022$218K
FY2023$222K
FY2024$260K
Net assets
$3.6M
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$4.0M
FY2022$3.8M
FY2023$3.6M
FY2024$3.4M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Feb 2000.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $222K

Form 990 Part IX, line 25. 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
$0Pt VII · Sec A
See First Baptist Properties 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

Manages property and gives all income to a tax-exempt charity.

Provided by the organization

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Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$81K
Ln 12
Other incomeLn 4–11$75K
Investment incomeLn 3$7K
Money outPt IX
$222K
Ln 25
Managementcol C$222K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$363K
Total assetsLn 16$3.8M
LiabilitiesLn 26$119K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$7K
Other incomeLn 4–11$75K
Gains on assetsLn 7$560
Total revenueLn 12$81K
Assets in detailPt X, end of year
CashLn 1$363K
Cash and savings togetherLn 1–2$363K
InvestmentsLn 11–13$313K
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$29K
Total assetsLn 16$3.8M
LiabilitiesLn 26$119K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY23End FY23
Cash and savingsLn 1–2$219K$363K
InvestmentsLn 11–13$300K$313K
Land, buildings, equipmentLn 10c$3.3M$3.0M
Total assetsLn 16$3.9M$3.8M
LiabilitiesLn 26$112K$119K
Net assetsLn 32$3.8M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$152K$152K
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$8K$8K
OccupancyLn 16$4K$4K
Other expenses (24a–d)Ln 24$48K$48K
Total functional expensesLn 25$222K$0$222K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $30K$260K−$230K$3.4M 990 PDF
FY2023 Viewing $81K$222K−$141K$3.6M 990 PDF
FY2022 $45K$218K−$173K$3.8M 990 PDF
FY2021 $5K$219K−$214K$4.0M 990 PDF
FY2020 −$87K$204K−$292K$4.1M 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 FY2023 990 (6 parts)
Part I · Summary $81,252 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$36,593$6,640
I-11 Other revenuePrior year $81,707$74,612
I-12 Total revenuePrior year $45,114$81,252
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $165,024$151,769
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,618$70,101
I-18 Total expensesPrior year $217,642$221,870
I-19 Revenue less expensesPrior year −$172,528−$140,618
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $81,252 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $6,080$6,080
VIII-6 Net rental income or lossRelated to mission $74,612$74,612
VIII-7 Net gain or loss on sales of assetsRelated to mission $560$560
VIII-12 Total revenueRelated to mission $75,172 · Unrelated business $0 · Excluded from tax $6,080$81,252
Part IX · Statement of functional expenses $221,870 across 5 lines filed
IX-7 Other salaries and wagesManagement $151,769$151,769
IX-11g Other fees for servicesManagement $10,353$10,353
IX-12 Advertising and promotionManagement $7,994$7,994
IX-16 OccupancyManagement $3,597$3,597
IX-24 Other expenses (24a–d)Management $48,157$48,157
IX-25 Total functional expensesPrograms $0 · Management $221,870 · Fundraising $0$221,870
Part X · Balance sheet $3,768,769 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $219,233$362,776
X-4 Accounts receivableStart of year $18,851$11,970
X-9 Prepaid expenses and deferred chargesStart of year $1,021$2,051
X-10c Land, buildings and equipment, netStart of year $3,339,758$3,049,632
X-11 Publicly traded securitiesStart of year $299,696$313,406
X-15 Other assetsStart of year $20,618$28,934
X-16 Total assetsStart of year $3,899,177$3,768,769
X-17 Accounts payable and accrued expensesStart of year $99,639$98,719
X-19 Deferred revenueStart of year $12,283$20,121
X-26 Total liabilitiesStart of year $111,922$118,840
X-27 Net assets without donor restrictionsStart of year $3,787,255$3,649,929
X-32 Total net assets or fund balancesStart of year $3,787,255$3,649,929
X-33 Total liabilities and net assetsStart of year $3,899,177$3,768,769
Part XI · Reconciliation of net assets $3,649,929 net assets at year end
XI-1 Total revenue$81,252
XI-2 Total expenses$221,870
XI-3 Revenue less expenses−$140,618
XI-4 Net assets at start of year$3,787,255
XI-5 Net unrealized gains (losses) on investments$3,292
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,649,929

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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