First Baptist Foundation INC EIN 63-0743268 Form 990 (PDF) Claim this org

First Baptist Foundation INC

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Offers scholarships to college or seminary students from our church. For fiscal year 2025 it reported $36K in revenue, $34K in expenses, and $691K in net assets.Pt I

Type
Supporting organization · Religion
Location
Dothan, AL
Filings
6 on file (2020–2025)
Revenue
$36KFY2025
Expenses
$34K
Net assets
$691K
People
12
Filings
6
Updates
0
More identity details & actions ⌄
EIN  63-0743268 Supporting organization Dothan, AL
Form 990 (PDF)
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Size
<$100K
What they do
Offers scholarships to college or seminary students from our church.
Leadership
Debra Young · Trustee
Money in and out
$36K revenue, $34K expenses
Bottom line
+6% net inflow
Money in and out · FY2025
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Net inflow
+6%
revenue over expenses, this year▼ -91% vs prior filing year
Pass-through gifts
3%
of revenue from contributions▲ +52% vs prior filing year
Program spending
97%
of expenses reach stated programs▲ +2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$36K
FY2025▼ -34%
Expenses
$34K
FY2025▲ +55%
Total assets
$691K
FY2025+0.3%
Total liabilities
$0
FY2025
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$691K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $33K of program spending, described in the organization's own filed words · FY2025.
01

Financial aid awards

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFirst Baptist Foundation INC
EINHdr · item D63-0743268
Principal addressHdr · item CDothan, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21I)
Ruling yearIRS BMFOct 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

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Statement of Revenue

Part VIII
Investment income$35K · 97%
Contributions & grants$1K · 3%
Investment income97%$35K
Contributions & grants3%$1K
Total revenueLn 12$36K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$33K
Management & general3%$941
Total functional expensesLn 25$34K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$691K
Total liabilitiesLn 26$0
Total net assetsLn 32$691K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $691K · Operating expenses/yr $34K
243.5 months
Where the money goes
Program services
Program services $33K · Total expenses $34K
97%
Management & General
Management & general $941 · Total expenses $34K
3%
Fundraising
Fundraising $0 · Total expenses $34K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $36K
3%
Government reliance
Government grants — · Total revenue $36K
Earned-income share
Program service revenue $0 · Total revenue $36K
0%
Investment reliance
Investment income $35K · Total revenue $36K
+97%
Program self-sufficiency
Program service revenue $0 · Total expenses $34K
0%
Growth & trend
Revenue growth (YoY)
This year $36K · Prior year $55K
-34%
Revenue CAGR
FY2020 $32K · FY2025 $36K
+2%
Net-asset trend (YoY)
End of year $691K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36K · Expenses $34K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $691K
Net-asset ratio
Net assets $691K · Total assets $691K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $665K · Total assets (Pt X, ln 16) $691K
96%
People & payroll
Highest Reported Total Compensation
Individual Debra Young · Reported title Trustee · Highest reported compensation $0 · Total expenses $34K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $34K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth -34%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $153K · 2020–2025
Unitemized GrantFY2025$33,120
Unitemized GrantFY2024$21,039
Unitemized GrantFY2023$17,063
Unitemized GrantFY2022$24,419
Unitemized GrantFY2021$23,500
Unitemized GrantFY2020$33,855

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$36K revenue · viewing · ⤓ 990 PDF
FY2024$55K revenue · ⤓ 990 PDF
FY2023$32K revenue · ⤓ 990 PDF
FY2022$3K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF
FY2020$32K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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