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Nonprofiteer
← BAPTIST FOUNDATION OF MARYLAND DELAWARE INC

Form 990 for tax year 2024

Filed by BAPTIST FOUNDATION OF MARYLAND DELAWARE INC.

Totals

Total revenue
$4,896,321
Total expenses
$726,055
Contributions and grants received
$3,788,255
Grants paid
$631,967
Program service revenue
$143,749
Investment income
$964,317
Other revenue
$0
Total assets, end of year
$20,412,413
Total liabilities, end of year
$140,270
Net assets or fund balances, end of year
$20,272,143
Program services expenses (Part IX)
$726,055
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$726,055

Program services were 100.0% 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

    $3,788,255

  • 2a · Program service revenue: CHURCH LOAN INTEREST

    total $142,732 · related or exempt $142,732

  • 2b · Program service revenue: LOAN INTEREST

    total $1,017 · related or exempt $1,017

  • 3 · Investment income

    total $414,676 · related or exempt $414,676

  • 7a · Gross sales of assets other than inventory

    securities $675,000

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

    securities $125,359

  • 7c · Gain or loss

    securities $549,641

  • 7d · Net gain or loss

    total $549,641 · related or exempt $549,641

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $631,967 · program services $631,967

  • 11a · Fees: management

    total $46,489 · program services $46,489

  • 11f · Fees: investment management

    total $47,599 · program services $47,599

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,958,448 · end of year $2,208,814

  • 7 · Other notes and loans receivable

    beginning of year $2,396,519 · end of year $2,258,814

  • 11 · Investments: publicly traded securities

    beginning of year $11,315,706 · end of year $15,944,785

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,657 · end of year $140,270

  • 27 · Net assets without donor restrictions

    beginning of year $4,425,744 · end of year $4,551,585

  • 28 · Net assets with donor restrictions

    beginning of year $11,109,272 · end of year $15,720,558

Mission and programs · 2024

Mission

TO PROFESSIONALLY MANAGE THE INVESTMENT OF ALL FUNDS ASSIGNED TO IT BY THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC. AND TO PROFESSIONALLY MANAGE THE INVESTMENT OF ALL FUNDS ENTRUSTED TO THE CARE OF THE ORGANIZATION IN COMPILANCE WITH THE WISHES OF THE DONORS.

  • TO PROVIDE A CUSTODIAN OF FINANCIAL AND OTHER RESOURCES FOR THE PERPETUAL SUPPORT OF THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC. AND ITS MINISTRIES.

    Expenses $726,055 · Grants $631,967 · Revenue $4,896,321

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

Listed in Part VII

  • Ron Blankenship

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rod Montgomery

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Tom Stolle CPA

    SECRETARY/TR

    Total calculated
    $145,681
    From this org
    $0
    From related orgs
    $145,681
    Other
    $0
    Hours/week
    10 + 30 related

  • Carissa Beard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Phil Coffman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Virginia Frazier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Earl Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Amanda Humphries

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Mackall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Paulsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Schoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

  • BAPTIST CONVENTION OF MDDE

    $559,753

    GENERAL SUPPORT

  • FRENDSHIP BAPTIST CHURCH

    $29,777

    GENERAL SUPPORT

  • INTERNATIONAL MISSION BOARD OF SBC

    $17,620

    GENERAL SUPPORT

  • NORTH AMERICAN MISSION BOARD OF SBC

    $17,620

    GENERAL SUPPORT

  • OTHER MINISTRIES LESS THAN 5000

    $7,197

    GENERAL SUPPORT

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
23 December 2025
IRS schema version
2024v5.0
Source object
202630139349302918

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