Totals
- Total revenue
- $2,314,375
- Total expenses
- $134,984
- Contributions and grants received
- $1,946,166
- Grants paid
- $125,375
- Program service revenue
- $0
- Investment income
- $59,643
- Other revenue
- $308,566
- Total assets, end of year
- $2,187,738
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,187,738
- Program services expenses (Part IX)
- $126,637
- Management and general expenses
- $8,347
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $126,637
Program services were 93.8% 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
$1,946,166
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $412,414
-
7b · Less cost or other basis and sales expenses
securities $352,771
-
7c · Gain or loss
securities $59,643
-
7d · Net gain or loss
total $59,643 · related or exempt $59,643
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Unrealized Capital Gains
total $308,566 · related or exempt $308,566
-
11e · Other revenue, total
$308,566
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $125,375 · program services $125,375
-
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 $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $8,347 · management and general $8,347
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,262 · program services $1,262
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
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 $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $93,822
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $2,093,916
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
end of year $2,187,738
Mission and programs · 2025
Mission
To steward and responsibly manage the charitable assets received from the dissolution of Trinity Baptist Church and to advance charitable, religious, and community initiatives through strategic grantmaking to qualified Section 501(c)(3) organizations under the oversight of the Board of Directors.
-
Steward and managed the charitable assets received from the dissolution of Trinity Baptist Church and to actively support and fund a diverse range of qualified Section 501(c)(3) organizations through strategic grantmaking, advancing religious, educational, and community initiatives in alignment with the Foundations mission and Board oversight.
Expenses $126,637
As filed on the 2025 return.
Listed in Part VII
-
Michael Bowers
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Lucas Beaver
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Todd King
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Michael Kennon
President
- Total calculated
- $0
- Hours/week
- 3
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
-
$20,000
Kenya Prison Ministry / Documentary
-
$17,000
Fund Evangelical Resources
-
$15,000
NC Sate Fair Event
-
$10,000
Fund Church Plant Replant Meetings
-
$10,000
Printing of New Song Books
-
$10,000
Fund Kenya Camp Trip
-
Missionary Support
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 8 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611289349302386
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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