American Baptist Estates
- Assets
- $15.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 44
- Location
- Wichita, KS
- Founding
- 04/1970
- Data as of
- 07/2023
- EIN
- 48-0720198
Organization Overview
American Baptist Estates is located in Wichita, KS. The organization was established in 1970. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 07/2023, American Baptist Estates employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Baptist Estates 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 07/2023, American Baptist Estates generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.3m during the year ending 07/2023. While expenses have increased by 5.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FACILITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FACILITIES FOR THE ELDERLY WITH SERVICES DESIGNED TO MEET THEIR NEEDS TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS IN LONGER LIVING. AT 7/31/23, THERE WERE 126 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barton President | OfficerTrustee | 1 | $0 |
Gary Huntsperger Vice President | OfficerTrustee | 1 | $0 |
Robert Harmon Treasurer | OfficerTrustee | 1 | $0 |
Susan Hubbard Secretary | OfficerTrustee | 1 | $0 |
Patty Dengler Director | Trustee | 1 | $0 |
Duane Hickerson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Construction Services Inc Construction | 7/30/18 | $464,780 |
Silva Security Service Llc Security | 7/30/18 | $101,445 |
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 | $6,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,205 |
| Total Program Service Revenue | $3,052,901 |
| Investment income | $98,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,155,583 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,806 |
| Payroll taxes | $78,747 |
| Fees for services: Management | $153,427 |
| 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 | $341,551 |
| Advertising and promotion | $41,926 |
| Office expenses | $43,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $381,399 |
| Travel | $4,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $166,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,103 |
| Insurance | $161,864 |
| All other expenses | $21,248 |
| Total functional expenses | $3,343,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,413 |
| Savings and temporary cash investments | $256,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,315 |
| 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 | $18,241 |
| Net Land, buildings, and equipment | $11,038,581 |
| Investments—publicly traded securities | $4,247,914 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,788 |
| Total assets | $15,943,531 |
| Accounts payable and accrued expenses | $262,157 |
| Grants payable | $0 |
| Deferred revenue | $68,681 |
| Tax-exempt bond liabilities | $3,190,000 |
| 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 | $265,266 |
| Total liabilities | $3,786,104 |
| Net assets without donor restrictions | $12,157,427 |
| 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 | $15,943,531 |