First Baptist Church Foundation
- Assets
- $2.0m
- Revenue
- $370.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 43-1966375
Organization Overview
First Baptist Church Foundation is located in Sioux Falls, SD. The organization was established in 2003. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. First Baptist Church 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 12/2021, First Baptist Church Foundation generated $370.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $90.3k during the year ending 12/2021. While expenses have increased by 7.0% 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
TO HANDLE DESIGNATED AND UNDESIGNATED DONATIONS TO FIRST BAPTIST CHURCH THAT ARE TO BUILD CASH RESERVES FOR SHORT TERM AND LONG TERM PROJECTS OF THE CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HANDLE DESIGNATED AND UNDESIGNATED DONATIONS TO FIRST BAPTIST CHURCH THAT ARE TO BUILD CASH RESERVES FOR SHORT TERM AND LONG TERM PROJECTS OF THE CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle Terveen Treasurer | Trustee | 0 | $0 |
Mark Swensen President | Trustee | 0 | $0 |
Lee Elhers Director | Trustee | 0 | $0 |
Carol Johnson Vice President | Trustee | 0 | $0 |
Larry Snuttjer Director | Trustee | 0 | $0 |
Richard Klock Secretary | Trustee | 0 | $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 | $154,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,309 |
| Total Program Service Revenue | $0 |
| Investment income | $63,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,942 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,859 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,134 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $90,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,958 |
| Savings and temporary cash investments | $0 |
| 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 | $2,008,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,013,854 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $2,013,853 |
| 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 | $2,013,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Baptist Church Foundation has recieved totaling $16,728.
| Awarding Organization | Amount |
|---|---|
Sioux Falls Area Community Foundation Inc Sioux Falls, SD PURPOSE: GENERAL SUPPORT AND CAMP SCHOLARSHIP | $16,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
Know The Truth Ministries Inc Chanhassen, MN | $269,842 | $2,371,086 |
Olive Tree Ministries Maple Grove, MN | $7,814,889 | $4,185,907 |
Herzl Camp Foundation St Louis Park, MN | $6,175,107 | $1,858,323 |
Nebraska United Methodist Foundation Lincoln, NE | $58,650,709 | $2,012,304 |
Temple Israel Foundation Minneapolis, MN | $14,124,521 | $641,745 |
Minnesota Catholic Conference Saint Paul, MN | $392,885 | $767,491 |
St Pauls United Methodist Church Of Cedar Rapids Foundation Cedar Rapids, IA | $7,255,081 | $1,159,292 |
Brahmananda Saraswati Jyotish Foundation Fairfield, IA | $78,051 | $657,695 |
Dorothy Day Capital Corporation S Paul, MN | $38,103,044 | $13,121,009 |
Sunnybrook Hope Center Sioux City, IA | $350,554 | $449,966 |
Hope Redemption Center Sioux City, IA | $87,382 | $339,932 |