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Nonprofiteer
← Valley Baptist Service Corporation

Form 990 for tax year 2024

Filed by Valley Baptist Service Corporation.

Totals

Total revenue
$2,265,005
Total expenses
$1,955,966
Contributions and grants received
$0
Grants paid
$1,874,788
Program service revenue
$0
Investment income
$2,261,724
Other revenue
$3,281
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$1,939,730
Management and general expenses
$16,236
Fundraising expenses
$0
Program service expenses (Part III)
$1,939,730

Program services were 99.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $29,724 · excluded $29,724

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $2,400,000

  • 7b · Less cost or other basis and sales expenses

    other assets $168,000

  • 7c · Gain or loss

    securities $0 · other assets $2,232,000

  • 7d · Net gain or loss

    total $2,232,000 · excluded $2,232,000

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: LEGAL SETTLEMENT

    total $3,281 · excluded $3,281

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,281

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,874,788 · program services $1,874,788

  • 11b · Fees: legal

    total $18,004 · program services $14,403 · management and general $3,601 · fundraising $0

  • 11c · Fees: accounting

    total $9,975 · program services $7,980 · management and general $1,995 · fundraising $0

  • 11f · Fees: investment management

    total $1,413 · program services $1,130 · management and general $283

  • 11g · Fees: other

    total $27,233 · program services $21,786 · management and general $5,447 · fundraising $0

  • 13 · Office expenses

    total $91 · program services $73 · management and general $18 · fundraising $0

  • 16 · Occupancy

    total $342 · program services $274 · management and general $68 · fundraising $0

  • 17 · Travel

    total $68 · program services $54 · management and general $14 · fundraising $0

  • 20 · Interest

    total $4,589 · program services $3,671 · management and general $918 · fundraising $0

  • 23 · Insurance

    total $17,051 · program services $13,641 · management and general $3,410 · fundraising $0

  • 24a · Other expenses: OTHER EXPENSES

    total $1,447 · program services $1,158 · management and general $289 · fundraising $0

  • 24b · Other expenses: BUSINESS MEALS

    total $965 · program services $772 · management and general $193

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,786 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,451 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,560,811 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,667 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $185,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $150,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,232,381 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO GOVERN ALL ACTIVITIES OF SUPPORTED ORGANIZATION, SPECIFICALLY OVERSIGHT OF CONTRACT MANAGEMENT.

  • TO GOVERN ALL ACTIVITIES OF SUPPORTED ORGANIZATION, SPECIFICALLY OVERSIGHT OF CONTRACT MANAGEMENT.

    Expenses $1,939,730 · Grants $1,874,788

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Arnie Gonzalez

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Bob Shepard

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jack Abbott

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Dahm MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Lamon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Quisenberry

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Anderson

    FINANCE DIRECTOR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • VB MEDICAL HOLDINGS

    501(c)(3) · ASSET HOLDING · TX · controlled entity

    Directly controlled by VB SVC CORP

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

5 distributions to recipients named as people, $1,854,133 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2024
Filed
4 April 2025
IRS schema version
2024v5.1
Source object
202500949349300300

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