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Nonprofiteer
← BAPTIST FOUNDATION OF MARYLAND DELAWARE INC

Form 990 for tax year 2022

Filed by BAPTIST FOUNDATION OF MARYLAND DELAWARE INC.

Totals

Total revenue
$527,964
Total expenses
$852,155
Contributions and grants received
$183,351
Grants paid
$788,512
Program service revenue
$128,112
Investment income
$215,363
Other revenue
$1,138
Total assets, end of year
$12,438,124
Total liabilities, end of year
$120,638
Net assets or fund balances, end of year
$12,317,486
Program services expenses (Part IX)
$852,155
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$852,155

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

    $183,351

  • 2a · Program service revenue: CHURCH LOAN INTEREST

    total $126,227 · related or exempt $126,227

  • 2b · Program service revenue: LOAN INTEREST

    total $1,885 · related or exempt $1,885

  • 3 · Investment income

    total $237,236 · related or exempt $237,236

  • 7a · Gross sales of assets other than inventory

    securities $78,127

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

    securities $100,000

  • 7c · Gain or loss

    securities -$21,873

  • 7d · Net gain or loss

    total -$21,873 · related or exempt -$21,873

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $1,138 · related or exempt $1,138

  • 11e · Other revenue, total

    $1,138

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $788,512 · program services $788,512

  • 11a · Fees: management

    total $30,406 · program services $30,406

  • 11f · Fees: investment management

    total $33,237 · program services $33,237

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $756,831 · end of year $903,764

  • 7 · Other notes and loans receivable

    beginning of year $2,321,356 · end of year $2,195,079

  • 11 · Investments: publicly traded securities

    beginning of year $8,783,829 · end of year $9,339,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,950 · end of year $120,638

  • 27 · Net assets without donor restrictions

    beginning of year $2,961,236 · end of year $2,978,205

  • 28 · Net assets with donor restrictions

    beginning of year $8,783,830 · end of year $9,339,281

Mission and programs · 2022

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 $852,155 · Grants $788,514 · Revenue $526,826

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stacy Boyles

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Wanda Minter

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Tom Stolle CPA

    SECRETARY/TR

    Total calculated
    $19,000
    From this org
    $0
    From related orgs
    $19,000
    Other
    $0
    Hours/week
    10 + 30 related

  • Ron Blankenship

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Earl Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Paulsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Amanda Humphries

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Schoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Russ Spikes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Keith Aguila

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kay Caudie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rod Montgomery

    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 INC

    $732,463

    GENERAL SUPPORT

  • LYNN HAVEN BAPTIST CHHURCH

    $20,299

  • INTERNATIONAL MISSION BOARD OF SBC

    $14,853

    GENERAL SUPPORT

  • NORTH AMERICAN MISSION BOARD OF SBC

    $14,853

    GENERAL SUPPORT

  • OTHER MINISTRIES 5000

    $6,044

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
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202400239349301350

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