The Albert Baker Fund EIN 94-1613751 Form 990 (PDF) Claim this org

The Albert Baker Fund

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Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Provides resources for Christian Scientists' education and development. For fiscal year 2024 it reported $-441K in revenue, $3.0M in expenses, and $41.3M in net assets.Pt I

Founded
1964
Type
Public charity (501(c)(3)) · Nonprofit
Location
Folsom, CA
Website
www.albertbakerfund.org
Filings
5 on file (2020–2024)
Revenue
$-441KFY2024
Expenses
$3.0M
Net assets
$41.3M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-1613751 Public charity (501(c)(3)) Folsom, CA Founded 1964
Form 990 (PDF)
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Size
<$100K
What they do
Provides resources for Christian Scientists' education and development.
Leadership
Joseph Ritter · CEO · $220K
Money in and out
$-441K revenue, $3.0M expenses
Bottom line
63% program efficiency
Where the money goes · FY2024
Total revenue
$-441K
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$41.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3.4M
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.23 Fundraising $0.14
Program efficiency
63%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
174.9mo
months of highly liquid reserves at operating expense rate▲ +38% vs prior filing year
Goes to people
34%
of spending is salaries & benefits▲ +19% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$-441K
FY2024▼ -132%
Expenses
$3.0M
FY2024▼ -15%
Total assets
$41.4M
FY2024▲ +13%
Total liabilities
$71K
FY2024▼ -43%
Revenue less expensesPt I · Ln 19−$3.4M
Total assetsPt X · Ln 16$41.4M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Albert Baker Fund
EINHdr · item D94-1613751
Principal addressHdr · item CFolsom, CA
WebsiteHdr · item Jwww.albertbakerfund.org
Year of formationHdr · item L1964
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$220,465Pt VII · Sec A
Chief Advancement Officer
$179,822Pt VII · Sec A
Scholarship Mgr.
$142,223Pt VII · Sec A
Controller
$108,655Pt VII · Sec A
Manager of Operations
$104,878Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Joseph Ritter$220,465$212,027$208,806$201,107$179,274
Sue Ellen Coughtry$179,822
Janee Shaw$173,467$164,446$160,603
Janee Shaw Thru 112023$171,398
Alan Bashor$156,297$168,080
Libby Scheiern$142,223$127,750
Donna Fletcher$134,638
Jill Stucker$127,046$128,992$116,741

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

Provided 178 post secondary educational grants to christian science students in north america.

$1.3Mprogram expense
02

Provided 211 scholarships and educational grants to international students.

$426Kprogram expense
03

Provided 53 scholarships and grants to students obtaining training as christian science nurses.

$135Kprogram expense

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.23 Fundraising $0.14
Program services63%$1.9M
Management & general23%$699K
Fundraising14%$425K
Total functional expensesLn 25$3.0M

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$41.4M
Total liabilitiesLn 26$71K
Total net assetsLn 32$41.3M
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $40.6M · Operating expenses (Pt IX) $3.0M · Less non-cash grants $221K · Cash operating expenses/yr $2.8M
174.9 months
Where the money goes
Program services
Program services $1.9M · Total expenses $3.0M
63%
Management & General
Management & general $699K · Total expenses $3.0M
23%
Fundraising
Fundraising $425K · Total expenses $3.0M
14%
Cost to raise $1
Fundraising expense (3-yr avg) $422K · Solicited contributions (3-yr avg) $1.2M
$0.34 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $971K · Total revenue $-441K
Government reliance
Government grants — · Total revenue $-441K
Earned-income share
Program service revenue $0 · Total revenue $-441K
Investment reliance
Investment income $-1.5M · Total revenue $-441K
Program self-sufficiency
Program service revenue $0 · Total expenses $3.0M
0%
Growth & trend
Revenue growth (YoY)
This year $-441K · Prior year $1.4M
-132%
Net-asset trend (YoY)
End of year $41.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-441K · Expenses $3.0M
Liabilities-to-Assets
Total liabilities — · Total assets $41.4M
Net-asset ratio
Net assets $41.3M · Total assets $41.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $34.5M · Other securities (Pt X, ln 12) $4.8M · Total assets (Pt X, ln 16) $41.4M
95%
People & payroll
Highest Reported Total Compensation
Individual Joseph Ritter · Reported title CEO · Highest reported compensation $220K · Total expenses $3.0M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $3.0M
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 23%
Fundraising cost ratio 44%
Revenue growth -132%

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 · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 26 grants · $8.5M · 2019–2024
Unitemized GrantFY2024$949,424
Unitemized GrantFY2024$61,300
Unitemized GrantFY2024$17,500
Unitemized GrantFY2024$17,025
Unitemized GrantFY2023$1,004,648
Unitemized GrantFY2023$453,500
Unitemized GrantFY2023$107,665
Unitemized GrantFY2023$17,605
Unitemized GrantFY2022$758,308
Unitemized GrantFY2022$541,500
Unitemized GrantFY2022$112,760
Adventure UnlimitedCO · FY2022$20,000
Unitemized GrantFY2021$835,364
Unitemized GrantFY2021$505,000
Adventure UnlimitedCO · FY2021$75,000
Unitemized GrantFY2021$56,870
Unitemized GrantFY2021$6,000
Unitemized GrantFY2020$885,687
See all 26 grants →

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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
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$2.9M revenue · ⤓ 990 PDF
FY2022$3.6M revenue · ⤓ 990 PDF
FY2021$3.8M revenue · ⤓ 990 PDF
FY2020$1.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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