Baptist Service Corporation
- Assets
- $39.4m
- Revenue
- $1.4m
- Investments
- $24.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1972
- Data as of
- 06/2022
- EIN
- 23-7170092
Organization Overview
Baptist Service Corporation is located in Los Angeles, CA. The organization was established in 1972. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Service Corporation 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 06/2022, Baptist Service Corporation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Baptist Service Corporation has awarded 22 individual grants totaling $770,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR OLDER ADULTS AND OTHER AT-RISK POPULATIONS IN OUR COMMUNITY AND ELSEWHERE THROUGH GRANTS, PARTNERSHIPS AND DIRECT PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR OLDER ADULTS AND OTHER AT-RISK POPULATIONS IN OUR COMMUNITY AND ELSEWHERE THROUGH GRANTS, PARTNERSHIPS AND DIRECT PROGRAMMING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Adams Director | 0 | $0 | |
Gerald Gubatan Director | 0 | $0 | |
Walter J Clarke Director | 0 | $0 | |
Vance Smith Director | 0 | $0 | |
Dean Rosenberger Director | 0 | $0 | |
Richard Rogers Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $404 |
| Dividends & Interest | $635,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $788,033 |
| Capital Gain Net Income | $788,033 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,423,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $346,635 |
| Contributions, gifts, grants paid | $920,000 |
| Total expenses and disbursements | $1,266,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,461 |
| Savings and temporary cash investments | $349,125 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $14,767,819 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $71,483 |
| Total assets | $39,362,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $770,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $770,000 |
Grants Awarded
Over the last fiscal year, Baptist Service Corporation has awarded $770,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES MISSION PURPOSE: HOMELESS SUPPORT | $50,000 |
ST VINCENT'S MEALS ON WHEELS PURPOSE: FOOD INSECURITY | $50,000 |
LOS ANGELES BOYS AND GIRLS CLUB PURPOSE: CHILDREN'S PROGRAMS | $25,000 |
BOYS AND GIRLS CLUB OF BURBANK AND GREATER EAST VALLEY PURPOSE: CHILDREN'S PROGRAMS | $10,000 |
BURBANK TEMPORARY AID CENTER PURPOSE: HOMELESS SUPPORT | $10,000 |
ST MONICA ACADEMY PURPOSE: CLASSICAL EDUCATION | $25,000 |