South Carolina Baptist Ministries For The Aging Inc
- Assets
- $56.8m
- Revenue
- $25.7m
- Investments
- $4.7m
- Employees
- 644
- Location
- Columbia, SC
- Founding
- 01/1961
- Data as of
- 09/2021
- EIN
- 57-0420338
Organization Overview
South Carolina Baptist Ministries For The Aging Inc is located in Columbia, SC. The organization was established in 1961. 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 09/2021, South Carolina Baptist Ministries For The Aging Inc employed 644 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Baptist Ministries For The Aging 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 09/2021, South Carolina Baptist Ministries For The Aging Inc generated $25.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $26.1m during the year ending 09/2021. While expenses have increased by 4.7% per year over the past 6 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
SCBMA ALLOWS SC BAPTISTS TO GIVE CONCRETE EVIDENCE OF OUR CONCERN FOR AND COMMITMENT TO OUR ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCBMA'S MISSION ALLOWS SC BAPTISTS TO GIVE CONCRETE EVIDENCE OF CONCERN FOR AND COMMITTMENT TO THE ELDERLY. SCBMA PROVIDES RESIDENT CARE THROUGH SERVICES INCLUDING, BUT NOT LIMITED TO, HOUSING RELATED SERVICES, FOOD PREPARATION, MEDICAL CARE, AND SOCIAL ACTIVITIES. THE ORGANIZATION SERVED OVER 600 RESIDENTS THAT WERE CARED FOR IN VARIOUS SENIOR LIVING CARE OPTIONS - INDEPENDENT, ASSISTED LIVING, AND SKILLED NURSING AND REHABILITATION. SCBMA'S FACILITIES CONTINUE TO WORK TO RETURN TO AS NORMAL AS POSSIBLE ENVIRONMENTS POST THE COVID PANDEMIC.COMMUNITY EVENTS WERE HELD AT THE TWO COMMUNITIES INCLUDING A BILLY GRAHAM HOPE TELEPHONE CALL LINE MANNED BY RESIDENTS, STAFF, AND FAMILY MEMBERS FOLLOWING WEEKLY BILLY GRAHAM TELEVISION PROGRAMS. THE CONSTRUCTION PROJECT/FACILITY AT BETHEA WAS COMPLETED IN JANUARY 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Turner III President/ceo/treasurer | Officer | 40 | $217,543 |
Polly Franks Ed Martha Franks Retirement Community | 40 | $175,792 | |
Ben Spurling Ed Bethea Retirement Community | 40 | $159,802 | |
Randy Moody Chairman (part Year) | OfficerTrustee | 1 | $0 |
Miriam Hutto Chairwoman/vice Chair (part Year) | OfficerTrustee | 1 | $0 |
Ira Bedenbaugh Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Rehabilitation Services | 9/29/21 | $675,475 |
Consolidated Medical Medical Supplies | 9/29/21 | $657,072 |
Thompson Construction Group Construction Services | 9/29/21 | $1,786,945 |
Performance Foodservice Food Services | 9/29/21 | $1,261,686 |
Winyah Pharmacy Pharmacy Services | 9/29/21 | $478,747 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,088 |
| Related organizations | $839,219 |
| Government grants | $1,289,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,089,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,402,613 |
| Total Program Service Revenue | $21,831,343 |
| Investment income | $410,511 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,732 |
| Net Gain/Loss on Asset Sales | $23,763 |
| Net Income from Fundraising Events | -$4,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,713,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $281,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $249,405 |
| Compensation of current officers, directors, key employees. | $149,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,742,241 |
| Pension plan accruals and contributions | $246,443 |
| Other employee benefits | $1,418,587 |
| Payroll taxes | $821,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,163 |
| Fees for services: Accounting | $167,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,211 |
| Fees for services: Other | $2,781,191 |
| Advertising and promotion | $324,257 |
| Office expenses | $423,377 |
| Information technology | $125,620 |
| Royalties | $0 |
| Occupancy | $1,838,121 |
| Travel | $91,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $285,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,523,185 |
| Insurance | $501,114 |
| All other expenses | $0 |
| Total functional expenses | $26,138,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,102,152 |
| Savings and temporary cash investments | $59,088 |
| Pledges and grants receivable | $263,525 |
| Accounts receivable, net | $3,917,164 |
| 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 | $296,229 |
| Net Land, buildings, and equipment | $33,937,614 |
| Investments—publicly traded securities | $17,502 |
| Investments—other securities | $4,697,187 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,542,018 |
| Total assets | $56,832,479 |
| Accounts payable and accrued expenses | $2,058,984 |
| Grants payable | $0 |
| Deferred revenue | $1,124,851 |
| 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 | $18,631,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $919,090 |
| Total liabilities | $22,734,865 |
| Net assets without donor restrictions | $21,816,984 |
| Net assets with donor restrictions | $12,280,630 |
| 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 | $56,832,479 |
Endowment Analysis
| Beg. Balance | $2,183,321 |
| Earnings | $40,143 |
| Other Expense | $41,644 |
| Ending Balance | $2,181,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Homes Of South Carolina Inc Irmo, SC | $120,175,361 | $78,300,034 |
Presbyterian Communities Of South Carolina Columbia, SC | $133,476,143 | $58,903,174 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Southminster Inc Charlotte, NC | $251,267,272 | $46,562,509 |
Bishop Gadsden Episcopal Retirement Community Charleston, SC | $293,506,409 | $50,827,097 |
Carolina Meadows Inc Chapel Hill, NC | $159,623,308 | $43,472,709 |
Springmoor Inc Raleigh, NC | $57,744,266 | $37,768,204 |
Moravian Home Incorporated Winstonsalem, NC | $135,166,146 | $36,716,865 |