Bacone Baptist Church
- Assets
- $8.3m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 107
- Location
- Muskogee, OK
- Founding
- 04/1955
- Data as of
- 07/2021
- EIN
- 73-0590036
Organization Overview
Bacone Baptist Church is located in Muskogee, OK. The organization was established in 1955. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 07/2021, Bacone Baptist Church employed 107 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bacone Baptist Church 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 07/2021, Bacone Baptist Church generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $8.8m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. 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
BACONE COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE AFFILIATED WITH THE AMERICAN BAPTIST CHURCH EMBRACING A HISTORIC EDUCATIONAL MISSION WITH AMERICAN INDIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM COSTS RELATED TO LIBERAL ARTS, CAREER AND CONTINUING EDUCATION PROGRAMS.
PROGRAM COSTS RELATED TO LIBERAL ARTS, CAREER AND CONTINUING EDUCATION PROGRAMS.
AUXILIARY ENTERPRISES, ENDOWMENT AND MISCELLANEOUS EXPENSES.
AUXILIARY ENTERPRISES, ENDOWMENT AND MISCELLANEOUS EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ferlin Clark President | Officer | 40 | $150,670 |
Jerome Steele Vice President Of Finance/cfo | Officer | 40 | $64,637 |
Leroy Thompson VP Of Academic Affairs | Officer | 40 | $57,598 |
Quinton Roman Nose Chair | OfficerTrustee | 1 | $0 |
W Richard West Jr Vice Chair | OfficerTrustee | 1 | $0 |
Joseph Garcia Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,590 |
| Investment income | $480 |
| 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 | $7,873,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,834,032 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,586,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,350 |
| Payroll taxes | $315,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146,419 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,240 |
| Advertising and promotion | $2,625 |
| Office expenses | $475,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $489,856 |
| Travel | $87,333 |
| 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 | $791,543 |
| Insurance | $342,544 |
| All other expenses | $0 |
| Total functional expenses | $8,836,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $245,949 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,070 |
| Prepaid expenses and deferred charges | $32,374 |
| Investments—publicly traded securities | $85,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,262,001 |
| Accounts payable and accrued expenses | $1,045,659 |
| 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 | $1,067,740 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,113,399 |
| 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 | $6,148,602 |