Seventh Street Christian Church Foundation Incorporated
- Assets
- $3.6m
- Revenue
- $83.0k
- Investments
- $3.5m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1974
- Data as of
- 12/2023
- EIN
- 23-7351600
Organization Overview
Seventh Street Christian Church Foundation Incorporated, operating under the name Alvin And Ruby Bagby Foundation, is located in Richmond, VA. The organization was established in 1974. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alvin And Ruby Bagby 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, Alvin And Ruby Bagby Foundation generated $83.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $181.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alvin And Ruby Bagby Foundation has awarded 31 individual grants totaling $1,243,864. 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
SUPPORT CHURCH PROGRAMS AND OTHER ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CHURCH PROGRAMS AND OTHER BENEVOLENT PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Barnes President | OfficerTrustee | 2 | $0 |
Terri Cheney Vice Preside | OfficerTrustee | 0.5 | $0 |
Steve Sanderford Treasurer | OfficerTrustee | 4 | $0 |
William H Poarch Secretary | OfficerTrustee | 2 | $0 |
Jamie Lynn Haskins Trustee | Trustee | 0.5 | $0 |
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 | $0 |
| Investment income | $96,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,500 |
| Grants and other assistance to domestic individuals. | $750 |
| 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 | $3,825 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,997 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $898 |
| All other expenses | $0 |
| Total functional expenses | $181,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,167 |
| Savings and temporary cash investments | $106,102 |
| 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 | $3,511,931 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,622,200 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,622,200 |
| Net assets with donor restrictions | $0 |
| 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 | $3,622,200 |
Grants Awarded
Over the last fiscal year, Seventh Street Christian Church Foundation Incorporated has awarded $153,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SEVENTH STREET CHRISTIAN CHURCH PURPOSE: SUPPORTED ORGANIZATI | $97,000 |
AREA CONGREGATIONS TOGETHER IN SERV PURPOSE: CHARITABLE DONATION | $24,000 |
SHALOM FARMS PURPOSE: CHARITABLE DONATION | $16,000 |
SOCIETY OF ST ANDREW INC PURPOSE: CHARITABLE DONATION | $10,000 |
SOPHIA THEOLOGICAL SEMINARY | | | $6,500 |