Tabernacle Baptist Church Endowment Fund
- Assets
- $3.3m
- Revenue
- $326.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1970
- Data as of
- 12/2017
- EIN
- 54-6086982
Organization Overview
Tabernacle Baptist Church Endowment Fund is located in Richmond, VA. The organization was established in 1970. 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. Tabernacle Baptist Church Endowment Fund 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 12/2017, Tabernacle Baptist Church Endowment Fund generated $326.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $217.8k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, ESTABLISH & MAINTAIN IN PERPETUITY A FUND, THE PRINCIPAL & INCOME OF WHICH MAY BE USED FROM TIME TO TIME TO UNDERTAKE OR CONTRIBUTE TO SUCH RELIGIOUS, CHARITABLE OR EDUCATIONAL PURPOSES AS THE BOARD OF DIRECTORS MAY DETERMINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO TABERNACLE BAPTIST CHURCH TO FUND THE CHURCH'S MONTHLY AND EXTRAORDINARY EXPENSES, AS NECESSARY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcmurray 1st Vice Pre | Officer | $0 | |
Brenda Gradwell 2nd Vice Pre | Officer | $0 | |
Constance Jones Treasurer | Officer | $0 | |
Jean Finley Secretary | Officer | $0 | |
William J Welstead Jr President | Officer | $0 | |
J Hardwood Cochrane Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,750 |
| Investment income | $101,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,542 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,002 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $217,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,636 |
| 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 |
| Investments—publicly traded securities | $3,279,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,280,880 |
| 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 |
| Total liabilities and net assets/fund balances | $3,280,880 |
Grants Awarded
Over the last fiscal year, Tabernacle Baptist Church Endowment Fund has awarded $191,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: MONTHLY EXPENSES | $185,000 |
Richmond, VA PURPOSE: EXTRAORDINARY EXP. | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tabernacle Baptist Church Endowment Fund has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE | $13,000 |
Endowment Analysis
| Beg. Balance | $3,051,324 |
| Earnings | $212,591 |
| Admin Expense | $17,190 |
| Grants | $191,000 |
| Ending Balance | $3,055,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Bellevue Foundation Inc Cordova, TN | $4,434,633 | $1,873,411 |
Love Of Jesus Inc Richmond, VA | $78,913 | $756,026 |
Cathedral Of The Sacred Heart Foundation Richmond, VA | $1,493,251 | $566,622 |
Camp St Charles Inc Issue, MD | $696,980 | $720,122 |
Ground 40 Ministries Monroe, NC | $160,310 | $647,877 |
Virginia Baptist Childrens Home & Family Services Foundation Salem, VA | $12,915,726 | $2,531,560 |
Acc Foundation Washington, DC | $169,352 | $568,950 |