Baptist Women In Ministry Inc
- Assets
- $861.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Waco, TX
- Founding
- 01/1984
- Data as of
- 06/2024
- EIN
- 61-1030103
Organization Overview
Baptist Women In Ministry Inc is located in Waco, TX. The organization was established in 1984. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2024, Baptist Women In Ministry Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Women In Ministry 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 06/2024, Baptist Women In Ministry Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $733.2k during the year ending 06/2024. While expenses have increased by 17.7% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CATALYST IN BAPTIST LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ACCOMPLISHMENTS FOR THE 2023-2024 INCLUDE THE FOLLOWING: BWIM HOSTED ITS 40TH ANNIVERSARY ANNUAL GATHERING IN LOUISVILLE, KY ON OCTOBER 2-4, 2023 WITH OVER 200 PEOPLE IN ATTENDANCE. BWIM CONTINUED ITS PROGRAMS DESIGNED TO SUPPORT WOMEN IN MINISTRY AND INTRODUCED A NEW PEER COMMUNITY GROUP PROGRAM IN FEBRUARY 2024. BWIM ADAPTED ITS ADDIE DAVIS AWARDS INTO A SCHOLARSHIP PROGRAM FOR BAPTIST WOMEN ATTENDING SEMINARY. BWIM PRODUCED A FEATURE DOCUMENTARY, MIDWIVES OF A MOVEMENT, WHICH TELLS THE STORY OF THE WOMEN WHO BOLDLY CHALLENGED BAPTIST PATRIARCHY TO START THE BAPTIST WOMEN IN MINISTRY MOVEMENT. 32 SCREENINGS WERE HOSTED JANUARY - JUNE 2024 AND RELEASED THE FILM FOR FREE STREAMING ON JUNE 10, 2024. BWIM HIRED TWO NEW FULL-TIME EMPLOYEES ON JUNE 1, 2024 TO COORDINATE PROGRAMS AND INITIATIVES. BWIM WAS SIGNIFICANTLY INVOLVED IN ADVOCACY EFFORTS FOR THE AFFIRMATION AND SUPPORT OF WOMEN IN MINISTRY IN THE SOUTHERN BAPTIST CONVENTION, BAPTIST GENERAL ASSOCIATION OF VIRGINIA, GENERAL STATE BAPTIST CONVENTION OF NORTH CAROLINA, AND BAPTIST GENERAL CONVENTION OF TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Stone Executive Di | OfficerTrustee | 40 | $66,359 |
Ellen Digiosia Director | Trustee | 1 | $0 |
Lynn Holmes Officer | OfficerTrustee | 1 | $0 |
Joy Martinez-Marshall Director | Trustee | 1 | $0 |
Rebecca Mathis Chair | OfficerTrustee | 1 | $0 |
Michael Mills Officer | OfficerTrustee | 1 | $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 | $1,101,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,058 |
| Total Program Service Revenue | $0 |
| Investment income | $20,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,121,755 |
| 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. | $132,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,122 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,220 |
| Payroll taxes | $9,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,428 |
| Advertising and promotion | $2,822 |
| Office expenses | $22,079 |
| Information technology | $2,118 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,859 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $791 |
| All other expenses | $10,039 |
| Total functional expenses | $733,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,679 |
| Savings and temporary cash investments | $804,854 |
| 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 | $548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $861,081 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $861,081 |
| Total liabilities and net assets/fund balances | $861,081 |