Baptist Faith Missions Inc
- Assets
- $984.3k
- Revenue
- $827.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Lexington, KY
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 38-6062107
Organization Overview
Baptist Faith Missions Inc is located in Lexington, KY. The organization was established in 2008. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Baptist Faith Missions Inc 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, Baptist Faith Missions Inc generated $827.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $768.8k during the year ending 12/2021. While expenses have increased by 0.5% 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 PURPOSE OF BAPTIST FAITH MISSIONS IS TO ASSISTS BAPTIST CHURCHES TO SEND GOD-CALLED MISSIONARIES TO FULFILL DISCIPLE-MAKING, CHURCH-PLANTING MISSIONS IN THE NATIONS OF THE WORLD. WE BELIEVE THAT "ESSENTIAL GREAT COMMISSION MISSIONS" IS TO "MAKE DISCIPLES OF ALL THE NATIONS" BY PREACHING THE GOSPEL, EVANGELIZING, BAPTISING DISCIPLES, ESTABLISHING BAPTIST CHURCHES, AND TRAINING THE DISCIPLES TO OBEY EVERYTHING THAT OUR LORD JESUS CHRIST HAS COMMANDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021 - EIGHT MISSIONARY FAMILIES PREACHED THE GOSPEL, ASSISTED THE NEEDY IN MANY WAYS, CONDUCTED HUNDREDS OF BIBLE STUDIES, BAPTIZED SCORES OF NEW BELIEVERS, AND ESTABLISHED CHURCHES IN FOUR NATIONS AROUND THE WORLD: BRAZIL, PERU, FRANCE, AND KENYA. STATESIDE, WE HAVE CONDUCTED FOUR MISSIONS CONFERENCES OVER THE COURSE OF THE YEAR TO GATHER OUR SUPPORTERS TOGETHER AND UPDATE THEM ON THE MINISTRIES AND SERVICE OF THEIR MISSIONARIES WHOM THEY SUPPORT, ENCOURAGE THEM IN THEIR CONTINUED CONTRIBUTIONS TO THE NEEDS OF THEIR MISSIONARIES, AND GIVE ACCOUNT TO THEM FOR THE DISTRIBUTION AND USE OF THE CONTRIBUTIONS THEY HAVE GIVEN.
DURING 2021 - EIGHT MISSIONARY FAMILIES PREACHED THE GOSPEL, ASSISTED THE NEEDY IN MANY WAYS, CONDUCTED HUNDREDS OF BIBLE STUDIES, BAPTIZED SCORES OF NEW BELIEVERS, AND ESTABLISHED CHURCHES IN FOUR NATIONS AROUND THE WORLD: BRAZIL, PERU, FRANCE, AND KENYA. STATESIDE, WE HAVE CONDUCTED FOUR MISSIONS CONFERENCES OVER THE COURSE OF THE YEAR TO GATHER OUR SUPPORTERS TOGETHER AND UPDATE THEM ON THE MINISTRIES AND SERVICE OF THEIR MISSIONARIES WHOM THEY SUPPORT, ENCOURAGE THEM IN THEIR CONTINUED CONTRIBUTIONS TO THE NEEDS OF THEIR MISSIONARIES, AND GIVE ACCOUNT TO THEM FOR THE DISTRIBUTION AND USE OF THE CONTRIBUTIONS THEY HAVE GIVEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Parks Executive Se | OfficerTrustee | 1 | $22,800 |
George Sledd Treasurer | OfficerTrustee | 1 | $9,000 |
Randy Jones President | OfficerTrustee | 1 | $0 |
Benton Glover Director | Trustee | 1 | $0 |
Dan Hillard Director | Trustee | 1 | $0 |
Sheridan Stanton Director | Trustee | 1 | $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 | $827,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $827,141 |
| Total Program Service Revenue | $0 |
| 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 | $827,141 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $31,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $10,504 |
| 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 | $138,343 |
| All other expenses | $2,898 |
| Total functional expenses | $768,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,580 |
| Savings and temporary cash investments | $810,699 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $984,279 |
| 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 | $0 |
| 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 | $984,279 |
| Total liabilities and net assets/fund balances | $984,279 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Faith Missions Inc has recieved totaling $11,570.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $11,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Church Of The Brethren Benefit Trust Inc Elgin, IL | $509,755,287 | $50,694,165 |
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Lutheran Metropolitan Ministry Cleveland, OH | $18,738,675 | $17,759,604 |
Shalom Ministries International Inc Dublin, OH | $25,383,102 | $20,342,961 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |