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Nonprofiteer
← COLUMBIA FOUNDATION

Form 990 for tax year 2024

Filed by COLUMBIA FOUNDATION.

Totals

Total revenue
$42,914
Total expenses
$70,532
Contributions and grants received
$25,509
Grants paid
$63,878
Program service revenue
$0
Investment income
$17,405
Other revenue
$0
Total assets, end of year
$1,721,968
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,721,968
Program services expenses (Part IX)
$63,878
Management and general expenses
$6,654
Fundraising expenses
$0
Program service expenses (Part III)
$63,878

Program services were 90.6% 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.

  • 1f · All other contributions, gifts and grants

    $25,509

  • 3 · Investment income

    total $11,111 · excluded $11,111

  • 7a · Gross sales of assets other than inventory

    securities $6,294

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

    securities $0

  • 7c · Gain or loss

    securities $6,294

  • 7d · Net gain or loss

    total $6,294 · excluded $6,294

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,298 · program services $45,298

  • 2 · Grants to domestic individuals

    total $18,580 · program services $18,580

  • 11b · Fees: legal

    total $25 · management and general $25

  • 11c · Fees: accounting

    total $3,993 · management and general $3,993

  • 13 · Office expenses

    total $2,636 · management and general $2,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170,608 · end of year $148,043

  • 2 · Savings and temporary cash investments

    beginning of year $265,418 · end of year $264,471

  • 4 · Accounts receivable

    beginning of year $20,000 · end of year $20,000

  • 11 · Investments: publicly traded securities

    beginning of year $1,240,642 · end of year $1,289,454

  • 27 · Net assets without donor restrictions

    beginning of year $936,848 · end of year $962,148

  • 28 · Net assets with donor restrictions

    beginning of year $759,820 · end of year $759,820

Mission and programs · 2024

Mission

The Foundation aids persons in need; assists persons in meeting educational aspirations; and provides financial support for religious and church activities related to the mission of Columbia Baptist Church.

Activities or mission (Part I)

To provide assistance to those in social need.

  • Education Support: Assistance to financially needy students to support their higher education goals by providing grants to cover tuition, books, housing and related expenses while attending a college or seminary; or expenses related to training provided through the Sharyn Byer Institute of Fine Arts (SB Arts).

    Expenses $18,580 · Grants $18,580

  • CBC Ministries/Mission: Grants in support of Christian ministries and mission activities sponsored or undertaken by Columbia Baptist Church (CBC).

    Expenses $18,087 · Grants $18,087

  • Social Needs: Grants in support of financially needy individuals with a connection to Columbia Baptist Church or the community to help assist with housing expenses, medical expenses, repairs, miscellaneous living expenses, emergency needs, and support for a local food bank.

    Expenses $16,211 · Grants $16,211

  • Non-CBC Ministries/Missions

    Expenses $7,200 · Grants $7,200

  • Seniors Support

    Expenses $3,800 · Grants $3,800

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

Listed in Part VII

  • Richard Stephenson

    President

    Total calculated
    $0
    Hours/week
    2

  • Greg James

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Peacock

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Jean Eubanks

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Sammie Barr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ashley Davis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clarence Dukes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Flanders

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Guidi

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Kubichek

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anne Tomas

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
21 May 2025
IRS schema version
2024v5.1
Source object
202501429349301300

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