Alfred Street Baptist Church Foundation
- Assets
- $2.5m
- Revenue
- $487.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 13-4245463
Organization Overview
Alfred Street Baptist Church Foundation is located in Alexandria, VA. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfred Street Baptist Church Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alfred Street Baptist Church Foundation generated $487.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $442.8k during the year ending 12/2021. While expenses have increased by 18.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION AWARDS COLLEGE SCHOLARSHIPS TO DESERVING STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SCHOLARSHIPS TO 190 COLLEGE AND COLLEGE-BOUND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Wallace President | OfficerTrustee | 20 | $0 |
Julia Gibbs Vice President | OfficerTrustee | 20 | $0 |
Alton Wallace Vice President | OfficerTrustee | 15 | $0 |
Patricia Johnson Secretary | OfficerTrustee | 15 | $0 |
Terrill Garrison Treasurer | OfficerTrustee | 20 | $0 |
Jhon Mcknight Assistant Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70,732 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,800 |
| Total Program Service Revenue | $2,001 |
| Investment income | $91,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,015 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $386,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,513 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,587 |
| Office expenses | $0 |
| Information technology | $485 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,576 |
| Insurance | $1,110 |
| All other expenses | $4,855 |
| Total functional expenses | $442,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,668 |
| Savings and temporary cash investments | $1,040,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,794 |
| Net Land, buildings, and equipment | $242,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $671,303 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,507,194 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,600 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,600 |
| Net assets without donor restrictions | $82,318 |
| Net assets with donor restrictions | $2,422,276 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,507,194 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Alfred Street Baptist Church Foundation has recieved totaling $292,358.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $72,000 |
United Way Of The National Capital Area Vienna, VA PURPOSE: DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $67,957 |
Morgan Stanley Foundation Inc New York, NY PURPOSE: VOLUNTEER INCENTIVE PROGRAM | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Lumen Clarke M Williams Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $200 |
Endowment Analysis
| Beg. Balance | $724,605 |
| Earnings | $89,275 |
| Net Contributions | $1,262,008 |
| Grants | $49,000 |
| Ending Balance | $2,026,888 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Democracy Fund Inc Washington, DC | $93,636,268 | $59,747,292 |
Interchurch Medical Assistance Inc Washington, DC | $35,417,903 | $56,104,166 |
Mag America Inc Washington, DC | $11,970,594 | $53,429,692 |
Friends Of The World Food Program Inc Washington, DC | $25,343,754 | $59,828,688 |
Catholic Charities Of The Archdiocese Of Washington Inc Washington, DC | $69,271,644 | $52,757,033 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
City First Enterprises Inc Washington, DC | $50,642,589 | $41,161,285 |
United Planning Organization Washington, DC | $21,957,692 | $39,543,643 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Jewish Social Service Agency Rockville, MD | $78,004,250 | $40,027,018 |