Form 990 for tax year 2024
Filed by THE SECOND BAPTIST SCHOOL FOUNDATION INC.
Totals
- Total revenue
- $10,110,812
- Total expenses
- $9,450,093
- Contributions and grants received
- $7,712,756
- Grants paid
- $8,913,071
- Program service revenue
- $0
- Investment income
- $1,790,639
- Other revenue
- $607,417
- Total assets, end of year
- $33,737,349
- Total liabilities, end of year
- $222,244
- Net assets or fund balances, end of year
- $33,515,105
- Program services expenses (Part IX)
- $8,913,071
- Management and general expenses
- $484,255
- Fundraising expenses
- $52,767
- Program service expenses (Part III)
- $8,913,071
Program services were 94.3% 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.
-
1c · Fundraising events
$1,357,876
-
1f · All other contributions, gifts and grants
$6,354,880
-
1g · Noncash contributions included above
$53,890
-
3 · Investment income
total $785,463 · unrelated business $0 · excluded $785,463
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $8,410,721 · other assets $11,204
-
7b · Less cost or other basis and sales expenses
securities $7,413,401 · other assets $3,348
-
7c · Gain or loss
securities $997,320 · other assets $7,856
-
7d · Net gain or loss
total $1,005,176 · excluded $1,005,176
-
8a · Fundraising events: gross income
$1,052,824
-
8a · Fundraising events: contributions included on line 1c
$1,357,876
-
8b · Fundraising events: direct expenses
$507,113
-
8c · Net income from fundraising events
total $545,711 · excluded $545,711
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MEMBERSHIP INCOME
total $61,706 · related or exempt $61,706
-
11e · Other revenue, total
$61,706
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,913,071 · program services $8,913,071
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $50,735 · management and general $50,735
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $230,563 · management and general $230,563
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $36,243 · management and general $36,243
-
14 · Information technology
total $33,867 · management and general $33,867
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,962 · management and general $2,962
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total -$9,395 · management and general -$9,395
-
23 · Insurance
total $0
-
24a · Other expenses: SPECIAL EVENTS
total $52,767 · fundraising $52,767
-
24b · Other expenses: ALUMNI RELATIONS
total $23,893 · management and general $23,893
-
24c · Other expenses: PROFESSIONAL EXPENSES
total $3,495 · management and general $3,495
-
24d · Other expenses: GIFTS
total $937 · management and general $937
-
24e · All other expenses
total $110,955 · management and general $110,955
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,146,556 · end of year $4,594,104
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $187,334 · end of year $189,760
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $3,348 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $26,700,168 · end of year $28,953,485
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $950,712 · end of year $88,914
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $29,040 · end of year $133,330
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $14,656,111 · end of year $14,172,853
-
28 · Net assets with donor restrictions
beginning of year $17,401,543 · end of year $19,342,252
Mission and programs · 2024
Mission
THE SECOND BAPTIST SCHOOL FOUNDATION, IS ORGANIZED FOR THE PURPOSES OF ASSISTING AND CONTRIBUTING TO THE ACADEMIC, PHYSICAL GROWTH AND DEVELOPMENT OF THE SECOND BAPTIST SCHOOL, A PRIVATE SCHOOL FOUNDED IN 1947 AND SITUATED IN HOUSTON, TX. TO THIS END, THE FOUNDATION IS EMPOWERED TO SOLICIT AND ACCEPT APPROPRIATE GIFTS AND BEQUESTS TO BE USED TO FURTHER SUCH PURPOSE, SPECIFICALLY INCLUDING BUT NOT LIMITED TO THE PROVISION OF FINANCIAL ASSISTANCE TO WORTHY STUDENTS OF THE SCHOOL.
Activities or mission (Part I)
SEE SCHEDULE O, ATTACHMENT 1
-
THE ANNUAL CAMPAIGN WAS OUR LARGEST PROGRAM FOR THE 2024-2025 SCHOOL YEAR. THE CAMPAIGN RAISED $1,936,879. THE FUNDS WERE USED IN THE FOLLOWING AREAS: OPERATIONS, STAFF DEVELOPMENT, TECHNOLOGY, SCHOLARSHIPS, ATHLETICS, FINE ARTS, PARENTS ASSOCIATION AND BENEVOLENCE.
Expenses $201,417 · Grants $201,417
-
THE PARENTS ASSOCIATION IS THE SECOND LARGEST SERVICE PROGRAM. IT IS A PARENT VOLUNTEER GROUP THAT SUPPORTS THE OPERATIONS OF THE SCHOOL. SOURCES OF REVENUE ARE $54,000 FROM THE ANNUAL CAMPAIGN AND THE NET PROCEEDS OF THE DISTINGUISHED SPEAKER LUNCHEON WHICH TOTALED $616,677. THE PARENTS ASSOCIATION HAD EXPENSES FOR THE FOLLOWING: ORGANIZING THE PARENT SCHOOL COFFEE, PROVIDING THE TEACHER APPRECIATION LUNCHES, PURCHASING COFFEE FOR THE SCHOOL WORKROOMS, TEACHER CHRISTMAS BONUSES, AND SALARY INCREASES. IN ADDITION, IT IS THE UMBRELLA ORGANIZATION THAT HOUSES ALL PARENT VOLUNTEERS.
Expenses $783,086 · Grants $783,086
-
THE EAGLE ATHLETIC BOOSTER CLUB IS OUR THIRD LARGEST PROGRAM. THE EABC RAISES MONEY TO SUPPORT THE ATHLETIC PROGRAMS AT SECOND BAPTIST SCHOOL. REVENUES TOTALED $279,069 AND CAME PRIMARILY FROM THE FOLLOWING AREAS: MEMBERSHIPS, CONCESSIONS, MERCHANDISE, HOMECOMING, SPRING SWING, FLIGHT NIGHT, YARD SIGNS,. NET INCOME OVER EXPENSES WAS GRANTED TO THE SCHOOL ATHLETIC DEPARTMENT TO PAY FOR UNIFORMS, EQUIPMENT AND PLAYOFF EXPENSES.
Expenses $410,321 · Grants $410,321
-
FRIENDS OF THE FINE ARTS
Revenue $61,706
-
MISCELLANEOUS
Expenses $7,518,247 · Grants $7,518,247
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David TauberDAVID TAUBER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.02 + 1 related
-
Willie LangstonWILLIE LANGSTON
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.02 + 1 related
-
Will WombleWILL WOMBLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.02 + 1 related
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
-
SECOND BAPTIST SCHOOL
$8,913,071
CHEERLEADING,BOOSTER CLUB,FINE ARTS
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.
-
SECOND BAPTIST CHURCH & SCHOOL
501(C)(3) · RELIGIOUS ORG · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513459349300826
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