American Baptist Foundation
- Assets
- $172.0m
- Revenue
- $5.9m
- Investments
- $11.7k
- Employees
- 10
- Location
- East Norriton, PA
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 22-2714023
Organization Overview
American Baptist Foundation is located in East Norriton, PA. The organization was established in 1988. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2023, American Baptist Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Baptist 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 12/2023, American Baptist Foundation generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Baptist Foundation has awarded 368 individual grants totaling $7,845,072. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FUNDRAISE FOR AMERICAN BAPTIST MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS PROGRAMS. THE FOUNDATION WORKS WITH AMERICAN BAPTISTS TO ENCOURAGE PLANNED GIFTS FOR AMERICAN BAPTIST MINISTRIES, ISSUING GIFT ANNUITIES AND SERVING AS TRUSTEE FOR CHARITABLE REMAINDER TRUSTS. THREE NEWSLETTERS ARE ISSUED ANNUALLY, STAFF CONDUCTS SEMINARS IN CHURCHES (ABOUT 100 ANNUALLY) AND WORKS DIRECTLY WITH POTENTIAL DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichole Tillman Chair | OfficerTrustee | 1 | $0 |
Jackie Saxon Vice Chair | OfficerTrustee | 1 | $0 |
Marcus Pereira Treasurer | OfficerTrustee | 1 | $0 |
Ken Ellison Secretary | OfficerTrustee | 1 | $0 |
Jesse Brown Director | Trustee | 1 | $0 |
Steve Van Ostran Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $313,219 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $919,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,232,994 |
| Total Program Service Revenue | $1,083,320 |
| Investment income | $3,750,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153,743 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,912,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $794,723 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $235,815 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $217,893 |
| Compensation of current officers, directors, key employees. | $72,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $731,174 |
| Pension plan accruals and contributions | $116,278 |
| Other employee benefits | $78,868 |
| Payroll taxes | $49,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,868 |
| Fees for services: Other | $16,046 |
| Advertising and promotion | $51,444 |
| Office expenses | $69,211 |
| Information technology | $128,801 |
| Royalties | $0 |
| Occupancy | $40,094 |
| Travel | $93,456 |
| 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 | $47,321 |
| Insurance | $41,830 |
| All other expenses | $0 |
| Total functional expenses | $3,011,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,561,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $438,495 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,608 |
| Net Land, buildings, and equipment | $643,705 |
| Investments—publicly traded securities | $168,275,365 |
| Investments—other securities | $11,739 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $171,964,221 |
| Accounts payable and accrued expenses | $199,140 |
| 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 | $96,518,221 |
| Total liabilities | $96,717,361 |
| Net assets without donor restrictions | $4,928,748 |
| Net assets with donor restrictions | $70,318,112 |
| 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 | $171,964,221 |
Grants Awarded
Over the last fiscal year, American Baptist Foundation has awarded $789,723 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE OF ASIAN AMERICAN BAPTIST CHURCHES PURPOSE: PALMER GRANT PROGRAM. THESE GRANTS ENHANCE MINISTRIES OF DISCIPLESHIP AND INCARNATIONAL PRACTICE IN AMERICAN BAPTIST CHURCHES USA (ABCUSA) CONGREGATIONS AND ABCUSA-RELATED ORGANIZATIONS. | $40,000 |
AMERICAN BAPTIST CHURCHES OF THE CENTRAL REGION PURPOSE: PALMER GRANT PROGRAM. THESE GRANTS ENHANCE MINISTRIES OF DISCIPLESHIP AND INCARNATIONAL PRACTICE IN AMERICAN BAPTIST CHURCHES USA (ABCUSA) CONGREGATIONS AND ABCUSA-RELATED ORGANIZATIONS. | $10,000 |
FIRST BAPTIST CHURCH OF BETHLEHEM (LINDEN ST) PURPOSE: PALMER GRANT PROGRAM. THESE GRANTS ENHANCE MINISTRIES OF DISCIPLESHIP AND INCARNATIONAL PRACTICE IN AMERICAN BAPTIST CHURCHES USA (ABCUSA) CONGREGATIONS AND ABCUSA-RELATED ORGANIZATIONS. | $15,000 |
HEART REACH NEIGHBORHOOD MINISTRIES PURPOSE: PALMER GRANT PROGRAM. THESE GRANTS ENHANCE MINISTRIES OF DISCIPLESHIP AND INCARNATIONAL PRACTICE IN AMERICAN BAPTIST CHURCHES USA (ABCUSA) CONGREGATIONS AND ABCUSA-RELATED ORGANIZATIONS. | $14,000 |
FIRST BAPTIST CHURCH OF MOORESTOWN PURPOSE: PALMER GRANT PROGRAM. THESE GRANTS ENHANCE MINISTRIES OF DISCIPLESHIP AND INCARNATIONAL PRACTICE IN AMERICAN BAPTIST CHURCHES USA (ABCUSA) CONGREGATIONS AND ABCUSA-RELATED ORGANIZATIONS. | $14,550 |
KAIGHN AVENUE BAPTIST CHURCH PURPOSE: PALMER GRANT PROGRAM. THESE GRANTS ENHANCE MINISTRIES OF DISCIPLESHIP AND INCARNATIONAL PRACTICE IN AMERICAN BAPTIST CHURCHES USA (ABCUSA) CONGREGATIONS AND ABCUSA-RELATED ORGANIZATIONS. | $12,500 |