Baptist Life Association
- Assets
- $26.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Buffalo, NY
- Founding
- 03/1944
- Data as of
- 12/2021
- EIN
- 16-0341875
Organization Overview
Baptist Life Association is located in Buffalo, NY. The organization was established in 1944. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Baptist Life Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Life Association is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Baptist Life Association generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. 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
BAPTIST LIFE ASSOCIATION IS A FRATERNAL BENEFICIARY SOCIETY PROVIDING LIFE, SICK, ACCIDENT, OR OTHER BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST LIFE ASSOCIATION IS A 3,700 MEMBER FRATERNAL BENEFICIARY SOCIETY PROVIDING LIFE INSURANCE, ANNUITIES, AND FRATERNAL BENEFITS INCLUDING SCHOLARSHIP GRANTS, FINANCIAL ASSISTANCE TO ORPHANS, BIBLE CONFERENCES, NEWBORN CHILD COVERAGE, NEWSLETTER AND BRANCH (LODGE) SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armstrong Jeffery A President | OfficerTrustee | 37 | $116,739 |
Woodard Steven J Chairman | Trustee | 1 | $5,500 |
Jerge Jesse J Secretary/treasurer | OfficerTrustee | 1 | $4,500 |
Murphy Richard H Vice Chairman | Trustee | 1 | $4,500 |
Bullis Kelly J Director | Trustee | 1 | $3,500 |
Hatfield Judith A Director | Trustee | 1 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,107,362 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,107,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,288,225 |
| Compensation of current officers, directors, key employees. | $147,014 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,645 |
| Pension plan accruals and contributions | $8,192 |
| Other employee benefits | $5,203 |
| Payroll taxes | $12,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,034 |
| Fees for services: Accounting | $177,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,408 |
| Information technology | $9,896 |
| Royalties | $0 |
| Occupancy | $33,750 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,031 |
| All other expenses | $0 |
| Total functional expenses | $2,986,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,375,481 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,375,481 |
| Accounts payable and accrued expenses | $263,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $25,833,609 |
| Total liabilities | $26,097,280 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $278,201 |
| 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 | $26,375,481 |
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|---|---|---|
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Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Ancient Accepted Scottish Rite Of Freemasonry Nmj Lexington, MA | $3,004,152 | $3,706,614 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |
New York Shipping Assn Inc-Prt Plce &grds Union Nysa-Ppgu Wlfr Fnd&pln Bayonne, NJ | $42,517 | $4,741,509 |
Artisans Order Of Mutual Protection Most Excellent Assembly Philadelphia, PA | $35,098,692 | $3,365,313 |
Baptist Life Association Buffalo, NY | $26,375,481 | $2,107,362 |
Polish Beneficial Association Philadelphia, PA | $0 | $2,210,610 |