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Nonprofiteer
← NEW ORLEANS BAPTIST SEMINARY FOUNDATION

Form 990 for tax year 2023

Filed by NEW ORLEANS BAPTIST SEMINARY FOUNDATION.

Totals

Total revenue
$2,433,919
Total expenses
$1,761,598
Contributions and grants received
$440,254
Grants paid
$0
Program service revenue
$0
Investment income
$1,993,665
Other revenue
$0
Total assets, end of year
$28,932,165
Total liabilities, end of year
$7,125
Net assets or fund balances, end of year
$28,925,040
Program services expenses (Part IX)
$1,749,933
Management and general expenses
$11,665
Fundraising expenses
$0
Program service expenses (Part III)
$1,749,933

Program services were 99.3% 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.

  • 1f · All other contributions, gifts and grants

    $440,254

  • 3 · Investment income

    total $1,993,665 · excluded $1,993,665

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $11,665 · management and general $11,665

  • 21 · Payments to affiliates

    total $1,749,933 · program services $1,749,933

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $101,716 · end of year $101,734

  • 4 · Accounts receivable

    beginning of year $59,943 · end of year $432,785

  • 7 · Other notes and loans receivable

    beginning of year $8,660,328 · end of year $8,110,430

  • 13 · Investments: program-related

    beginning of year $20,225,631 · end of year $20,287,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $925,928 · end of year $7,125

  • 27 · Net assets without donor restrictions

    beginning of year $3,863,384 · end of year $4,361,785

  • 28 · Net assets with donor restrictions

    beginning of year $24,258,306 · end of year $24,563,255

Mission and programs · 2023

Mission

TO SUPPORT THE ACTIVITIES OF THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY AS A CHURCH SCHOOL FOR THE SOUTHERN BAPTIST CONVENTION PRIMARILY THROUGH ENDOWMENTS AND GIFTS.

  • TO PROVIDE FUNDING FOR 20 PROFESSORSHIPS AT THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY. ALSO TO PROVIDE FOR STUDENT AID AND OTHER SEMINARY CAPITAL AND OPERATIONAL SUPPORT.

    Expenses $1,749,933

As filed on the 2023 return.

Listed in Part VII

  • Jack Hunter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3
  • Chris Townson

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25
  • Jerry Pounds

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • Dr Mike Wetzel

    EXECUTIVE SECRETARY

    Total calculated
    $0
    Hours/week
    0.25
  • Stacy Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Steve Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Ann Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Ray Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • David Bains

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Lamar Barden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Allan Black

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Larry Black

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Rita Black

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Bobby C Brannon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Bob Brooks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Donna Brooks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Thomas L Callicutt Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Marlene Cheatham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Stanley Cheatham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Gradon Clemons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Clay Corvin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Ginger Cress

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • James E Davison Sr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Jim Davison Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Robin Dawson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Emily Dean

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Jody Dean

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Jimmy Dukes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Horace D Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Mike Flores

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Mack Grubbs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Vickie Grubbs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Beverly Haley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr David P Hamm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Joyce Harrington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Cindy Harrison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Tom Harrison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Ben Humphries

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Johnny Jernigan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Lisa Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Brett Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Chuck Kelley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Rhonda Kelley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Janet Kemp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Luke Lemoine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Evelyn C Magee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Keith Manuel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Fran McCaskill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Joe McKeever

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Jim Parrie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Cindy Ramsey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Scott Ramsey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Sandra Shell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Jan Sims

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Mike Sims

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Lawson L Swearingen Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Lisa Trusler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Jeff Victory

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Nancy Victory

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Phil Walton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Katie Warren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Bill Warren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Mike Wilburn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Carol A Wilken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Errol Wilken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Guy Williams Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Don Wilton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Fannie Yin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Timothy Yin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Bob Donaldson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Wayne Mahnker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Charles Pitman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Edward Greer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Capt Jim Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dustin Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Todd Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Becky Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • David Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Kurt Wamsley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Neal Condrey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Ron McCaskill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Dr Mike Haley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Dr Tom Dobbins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Doug Gunn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Larry Lyon

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3
  • Cory Armand

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • David Brubaker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • David Caston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Terry Ewing

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1
  • Sean Vereen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

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.

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
2023
Filed
3 December 2024
IRS schema version
2023v5.1
Source object
202413449349300906

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