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Nonprofiteer
← FIRST BAPTIST HURST FOUNDATION

Form 990 for tax year 2023

Filed by FIRST BAPTIST HURST FOUNDATION.

Totals

Total revenue
$43,175
Total expenses
$58,663
Contributions and grants received
$11,100
Grants paid
$54,422
Program service revenue
$0
Investment income
$31,869
Other revenue
$206
Total assets, end of year
$822,402
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$822,402
Program services expenses (Part IX)
$54,422
Management and general expenses
$4,241
Fundraising expenses
$0
Program service expenses (Part III)
$54,422

Program services were 92.8% 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

    $11,100

  • 3 · Investment income

    total $20,240 · related or exempt $20,240

  • 7a · Gross sales of assets other than inventory

    securities $30,000 · other assets $9,732

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

    securities $28,103

  • 7c · Gain or loss

    securities $1,897 · other assets $9,732

  • 7d · Net gain or loss

    total $11,629 · related or exempt $11,629

  • 11a · Other revenue: NONDIVIDEND DISTRIBUTIONS ETC

    total $206 · related or exempt $206

  • 11e · Other revenue, total

    $206

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,600 · program services $3,600

  • 2 · Grants to domestic individuals

    total $50,822 · program services $50,822

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 11f · Fees: investment management

    total $3,741 · management and general $3,741

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,153 · end of year $37,225

  • 11 · Investments: publicly traded securities

    beginning of year $724,294 · end of year $785,177

  • 27 · Net assets without donor restrictions

    beginning of year $749,447 · end of year $822,402

Mission and programs · 2023

Mission

THE FOUNDATION IS ORGANIZED TO RECEIVE, MANAGE AND DISTRIBUTE ASSETS (INCLUDING THE INCOME GENERATED BY SUCH ASSETS) EXCLUSIVELY FOR THE BENEFIT OF AND IN FURTHERANCE OF THE MINISTRIES OF THE FIRST BAPTIST CHURCH OF HURST, TEXAS. THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR RELIGIOUS PURPOSES AND FOR SUCH CHARITABLE AND EDUCATIONAL PURPOSES CONSISTENT WITH ITS RELIGIOUS MISSION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR ANY CORRESPONDING PROVISION THAT MAY BE IN EFFECT HEREINAFTER.

  • CHARITABLE ASSISTANCE

    Expenses $3,600 · Grants $3,600

  • MINISTRY RELATED SUPPORT

    Expenses $50,822 · Grants $50,822

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

Listed in Part VII

  • Melissa Yoshioka

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Scott Souder

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.2

  • Ronnie D Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Amy Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Mark Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Sharon Reitzell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Chris Means

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Alicia Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Steven Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.0
Source object
202413079349300806

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