Fellowship Missionary Baptist Church Inc
- Assets
- $4.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Minneapolis, MN
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 41-1761012
Organization Overview
Fellowship Missionary Baptist Church Inc is located in Minneapolis, MN. The organization was established in 1999. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Fellowship Missionary Baptist Church Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fellowship Missionary Baptist Church 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, Fellowship Missionary Baptist Church Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BRING PERSONS INTO A SAVING REDEMPTIVE RELATIONSHIP WITH JESUS CHRIST. WE ARE A SPIRITUAL BODY WHOSE ONLY FOUNDATION IS THE WORD OF GOD. WE FULFILL OUR MINISTRY AS WE PREACH AND TEACH, PRAY AND EMPOWER, FORGIVE AND RECONCILE. FMBC SEEKS TO BE GOD'S AGENT OF HEALING AND WHOLENESS IN A WOUNDED AND FRAGMENTED COMMUNITY. FURTHERMORE, FMBC SEEKS TO BE A CONGREGATION THAT MINISTERS TO ALL OF ITS MEMBERS AND VALUES ITS YOUTH BY RELIGIOUSLY EDUCATING THEM SO THAT THEY MAY LIVE BALANCED AND FRUITFUL LIVES.
Describe the Organization's Program Activity:
THE CHURCH IS A NONPROFIT ORGANIZATION AND IS DEDICATED TO SPREADING THE GOSPEL THROUGH ESTABLISHING, DEVELOPING, AND PROMOTING ALL ASPECTS OF CHURCH MINISTRY WITHIN ITS LOCAL COMMUNITY, THE NATION, AND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elijah Mcdavid III Pastor | 40 | $110,250 | |
Kathie Eiland-Madison Trustee | Trustee | 1 | $0 |
Quinton Bonds Trustee | Trustee | 1 | $0 |
Shawn Brundidget Trustee | Trustee | 1 | $0 |
Jimmy Buggs Trustee | Trustee | 1 | $0 |
Patricia Roberts Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,189,003 |
| Investment income | $166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,500 |
| 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 | $1,260,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $128,798 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $240,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,334 |
| Payroll taxes | $10,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322,550 |
| Advertising and promotion | $0 |
| Office expenses | $116,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,266 |
| Travel | $47,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,216 |
| Interest | $60,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,925 |
| Insurance | $19,308 |
| All other expenses | $0 |
| Total functional expenses | $1,353,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,291 |
| Savings and temporary cash investments | $412,866 |
| 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 | $27,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,124,969 |
| Accounts payable and accrued expenses | $31,118 |
| 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 | $1,627,894 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,600 |
| Total liabilities | $1,660,612 |
| Net assets without donor restrictions | $1,921,717 |
| Net assets with donor restrictions | $542,640 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,464,357 |