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Nonprofiteer
← SAN MARCOS BAPTIST ACADEMY FOUNDATION INC

Form 990 for tax year 2023

Filed by SAN MARCOS BAPTIST ACADEMY FOUNDATION INC.

Totals

Total revenue
$39,498
Total expenses
$40,631
Contributions and grants received
$0
Grants paid
$39,457
Program service revenue
$0
Investment income
$39,498
Other revenue
$0
Total assets, end of year
$842,316
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$842,316
Program services expenses (Part IX)
$39,457
Management and general expenses
$1,174
Fundraising expenses
$0
Program service expenses (Part III)
$39,457

Program services were 97.1% 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.

  • 3 · Investment income

    total $39,498 · excluded $39,498

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,457 · program services $39,457

  • 11c · Fees: accounting

    total $1,150 · management and general $1,150

  • 24a · Other expenses: BANK CHARGES

    total $24 · management and general $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,290 · end of year $4,290

  • 2 · Savings and temporary cash investments

    beginning of year $3,096 · end of year $1,963

  • 13 · Investments: program-related

    beginning of year $785,827 · end of year $836,063

  • 27 · Net assets without donor restrictions

    beginning of year $51,640 · end of year $50,507

  • 28 · Net assets with donor restrictions

    beginning of year $741,573 · end of year $791,809

Mission and programs · 2023

Mission

THE PURPOSE FOR WHICH THE FOUNDATION WAS ORGANIZED ARE: EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF IRS SECTION 501(C)(3) IN SUPPORT OF THE MISSION OF SAN MARCOS BAPTIST ACADEMY - TO EDUCATE YOUNG MEN AND WOMEN WITHIN A NURTURING COMMUNITY BASED ON CHRISTIAN VALUES.

Activities or mission (Part I)

SUPPORT THE MISSION OF SAN MARCOS BAPTIST ACADEMY IN EDUCATING YOUNG MEN AND WOMEN WITHIN A NURTURING COMMUNITY BASED ON CHRISTIAN VALUES WITHIN THE MEANING OF IRS SECTION 501(C)(3).

  • THE FOUNDATION'S PRIMARY PURPOSE OF SUPPORTING SAN MARCOS BAPTIST ACADEMY WAS ACHIEVED THROUGH EARNINGS OF INVESTMENTS.

    Expenses $39,457 · Grants $39,457

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BILLY BELCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR JOHN GARRISON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR HENRY OLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR CLAY SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202541049349300819

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