Alabama Baptist Inc
- Assets
- $7.6m
- Revenue
- $2.2m
- Investments
- $6.5m
- Employees
- 22
- Location
- Birmingham, AL
- Founding
- 12/1977
- Data as of
- 12/2020
- 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 12/2021, 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 12/2020, Alabama Baptist Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2020. 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
2020
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 |
|---|---|---|---|
Jennifer D Ras President/edit | Officer | 40 | $123,619 |
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 | $609,553 |
| Investment income | $155,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $390,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,178,958 |
| 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. | $122,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,434 |
| Pension plan accruals and contributions | $59,019 |
| Other employee benefits | $0 |
| Payroll taxes | $60,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,150 |
| Fees for services: Accounting | $56,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,248 |
| Fees for services: Other | $19,660 |
| Advertising and promotion | $11,610 |
| Office expenses | $4,425 |
| Information technology | $16,876 |
| Royalties | $0 |
| Occupancy | $26,346 |
| Travel | $7,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,796 |
| Interest | $1,657 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,151 |
| Insurance | $109,438 |
| All other expenses | $0 |
| Total functional expenses | $2,366,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,047 |
| 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 | $54,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,473,914 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $7,568,535 |
| Accounts payable and accrued expenses | $166,330 |
| Grants payable | $0 |
| Deferred revenue | $193,466 |
| 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 | $569,009 |
| 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 | $6,999,526 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alabama Baptist Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Morning Star Foundation Enterprise, AL PURPOSE: SUPPORT FOR STATE BAPTIST NEWSPAPER | $100 |
Endowment Analysis
| Beg. Balance | $45,077 |
| Earnings | $4,050 |
| Other Expense | $2,304 |
| Ending Balance | $46,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Epworth By The Sea Inc St Simons Island, GA | $22,098,975 | $11,861,370 |
Lighthouse Gospel Mission Inc Riverview, FL | $956,099 | $6,409,452 |
Equip Leadership Inc Duluth, GA | $5,673,774 | $7,651,794 |
Score International Inc Chattanooga, TN | $7,470,885 | $5,241,961 |