Baptist Missionary Association Of
- Assets
- $4.7m
- Revenue
- $921.5k
- Investments
- $0.0
- Employees
- 33
- Location
- Waxahachie, TX
- Founding
- 06/1990
- Data as of
- 12/2022
- EIN
- 75-1980169
Organization Overview
Baptist Missionary Association Of is located in Waxahachie, TX. The organization was established in 1990. 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, Baptist Missionary Association Of employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Missionary Association Of 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 12/2022, Baptist Missionary Association Of generated $921.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PLANT NEW CHURCHES IN THE STATE OF TEXAS ACCORDING TO THE GUIDELINES GIVEN IN THE GREAT COMMISSION, MATTHEW 28:18-20; ACTS 1:8
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTIAL SUPPORT OF MISSIONARY MINISTERS; CONTRIBUTIONS OF FUNDS OR PROPERTY USED TO PROVIDE CHURCH BUILDINGS AND SITES; MAKING LOW INTEREST OR NO INTEREST LOANS FOR ACQUISITION OR CONSTRUCTION OF CHURCH BUILDINGS AND SITES; ACT AS A CLEARING HOUSE FOR SPECIFICALLY DESIGNATED CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry H Mitchell Executive Dir. | Officer | 40 | $96,674 |
Jason Collins Trustee | OfficerTrustee | 1 | $0 |
Brett Lester Chairman | OfficerTrustee | 1 | $0 |
Grady Cashion Trustee | Trustee | 1 | $0 |
Nick Kerry Trustee | Trustee | 1 | $0 |
Rickey Williams Trustee | Trustee | 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 | $850,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,731 |
| Total Program Service Revenue | $2,986 |
| Investment income | $46,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,550 |
| Net Gain/Loss on Asset Sales | -$8,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $921,507 |
| 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. | $96,674 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $710,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,802 |
| Payroll taxes | $64,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,930 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,116 |
| Office expenses | $7,972 |
| Information technology | $2,844 |
| Royalties | $0 |
| Occupancy | $15,480 |
| Travel | $134,085 |
| 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 | $1,767 |
| Insurance | $19,615 |
| All other expenses | $76,783 |
| Total functional expenses | $1,769,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,734 |
| Savings and temporary cash investments | $2,024,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,925 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,857 |
| Investments—publicly traded securities | $2,246,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,686,872 |
| Accounts payable and accrued expenses | $5,909 |
| 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 | $5,909 |
| Net assets without donor restrictions | $4,464,012 |
| Net assets with donor restrictions | $216,951 |
| 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 | $4,686,872 |
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|---|---|---|
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