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← BAPTIST EDUCATIONAL AND MISSIONARY SERVICES INC

Form 990 for tax year 2023

Filed by BAPTIST EDUCATIONAL AND MISSIONARY SERVICES INC.

Totals

Total revenue
$588,163
Total expenses
$638,264
Contributions and grants received
$422,182
Grants paid
$0
Program service revenue
$162,057
Investment income
$3,273
Other revenue
$651
Total assets, end of year
$1,046,941
Total liabilities, end of year
$1,021,297
Net assets or fund balances, end of year
$25,644
Program services expenses (Part IX)
$539,346
Management and general expenses
$98,918
Fundraising expenses
$0
Program service expenses (Part III)
$539,346

Program services were 84.5% 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.

  • 1e · Government grants (contributions)

    $422,182

  • 2a · Program service revenue: RENTAL INCOME

    total $162,057 · related or exempt $162,057

  • 3 · Investment income

    total $3,273 · excluded $3,273

  • 11a · Other revenue: LAUNDRY & VENDING

    total $526 · excluded $526

  • 11b · Other revenue: TENANT CHARGES

    total $125 · excluded $125

  • 11e · Other revenue, total

    $651

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $37,887 · management and general $37,887

  • 11b · Fees: legal

    total $40 · management and general $40

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 13 · Office expenses

    total $16,318 · management and general $16,318

  • 16 · Occupancy

    total $364,347 · program services $364,347

  • 22 · Depreciation, depletion and amortization

    total $84,967 · program services $84,967

  • 23 · Insurance

    total $2,672 · program services $2,672

  • 24a · Other expenses: SERVICE COORDINATOR EXP

    total $69,287 · program services $69,287

  • 24b · Other expenses: MGMT COMPANY EMPLOYEE C

    total $59,746 · program services $18,073 · management and general $41,673

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,983 · end of year $40,112

  • 4 · Accounts receivable

    beginning of year $77,147 · end of year $13,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,625 · end of year $15,247

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

    $2,582,263

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

    $1,954,480

  • 10c · Land, buildings and equipment, net

    beginning of year $697,831 · end of year $627,783

  • 13 · Investments: program-related

    beginning of year $268,509 · end of year $334,212

  • 15 · Other assets

    beginning of year $15,410 · end of year $16,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,855 · end of year $48,361

  • 19 · Deferred revenue

    beginning of year $19 · end of year $2,017

  • 23 · Secured mortgages and notes payable

    beginning of year $966,476 · end of year $882,745

  • 25 · Other liabilities

    beginning of year $15,410 · end of year $88,174

  • 27 · Net assets without donor restrictions

    beginning of year $75,745 · end of year $25,644

Mission and programs · 2023

Mission

BAPTIST EDUCATIONAL AND MISSIONARY SERVICES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60 UNIT COMMUNITY KNOWN AS BAPTIST VILLAGE APARTMENTS LOCATED IN ANDERSON, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED.

  • BAPTIST EDUCATIONAL AND MISSIONARY SERVICES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60 UNIT COMMUNITY KNOWN AS BAPTIST VILLAGE APARTMENTS LOCATED IN ANDERSON, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED.

    Expenses $539,346 · Revenue $162,057

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

Listed in Part VII

  • Curtis Hill

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mack Hines

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Kenny Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Johnny Goldsmith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Weston

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202412979349301501

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