Alabama Baptist Inc
- Assets
- $7.6m
- Revenue
- $2.6m
- Investments
- $6.5m
- Employees
- 22
- Location
- Birmingham, AL
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 63-0328638
Organization Overview
Alabama Baptist Inc is located in Birmingham, AL. The organization was established in 1977. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Alabama Baptist Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Baptist 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 12/2021, Alabama Baptist Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 3.2% 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
PUBLISHER OF FAITH-BASED DIGITAL AND PRINT RESOURCES FOR MEMBERS OF BAPTIST CHURCHES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHER OF FAITH-BASED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Fenton Chairman | Trustee | 5 | $0 |
Scott Swendenb Vice Chairman | Trustee | 5 | $0 |
Chris Roberts Secretary | Trustee | 5 | $0 |
Ben Bowden Director | Trustee | 2 | $0 |
John Brock Director | Trustee | 2 | $0 |
Sallie Bryant Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,386 |
| Investment income | $143,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $525,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,593,397 |
| 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. | $123,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $715,317 |
| Pension plan accruals and contributions | $68,373 |
| Other employee benefits | $0 |
| Payroll taxes | $64,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,422 |
| Fees for services: Other | $30,906 |
| Advertising and promotion | $1,776 |
| Office expenses | $2,420 |
| Information technology | $14,925 |
| Royalties | $0 |
| Occupancy | $16,815 |
| Travel | $17,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,169 |
| Interest | $3,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,928 |
| Insurance | $137,969 |
| All other expenses | $0 |
| Total functional expenses | $2,749,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,105 |
| 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 | $50,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,490,303 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $7,620,459 |
| Accounts payable and accrued expenses | $222,120 |
| Grants payable | $0 |
| Deferred revenue | $199,079 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $209,213 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $630,412 |
| Net assets without donor restrictions | $6,987,752 |
| Net assets with donor restrictions | $2,295 |
| 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 | $6,990,047 |