The Second Baptist School Foundation Inc
- Assets
- $27.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1984
- Data as of
- 07/2023
- EIN
- 76-0088961
Organization Overview
The Second Baptist School Foundation Inc is located in Houston, TX. The organization was established in 1984. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Baptist School Foundation 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 07/2023, Second Baptist School Foundation Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $3.4m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O, ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL CAMPAIGN WAS OUR LARGEST PROGRAM FOR THE 2023-2024 SCHOOL YEAR. THE CAMPAIGN RAISED $1,676,854. THE FUNDS WERE USED IN THE FOLLOWING AREAS: OPERATIONS, STAFF DEVELOPMENT, TECHNOLOGY, SCHOLARSHIPS, ATHLETICS, FINE ARTS, PARENTS ASSOCIATION AND BENEVOLENCE.
THE PARENTS ASSOCIATION IS THE SECOND LARGEST SERVICE PROGRAM. IT IS A PARENT VOLUNTEER GROUP THAT SUPPORTS THE OPERATIONS OF THE SCHOOL. SOURCES OF REVENUE ARE $54,000 FROM THE ANNUAL CAMPAIGN AND THE NET PROCEEDS OF THE DISTINGUISHED SPEAKER LUNCHEON WHICH TOTALED $581,894. THE PARENTS ASSOCIATION HAD EXPENSES FOR THE FOLLOWING: ORGANIZING THE PARENT SCHOOL COFFEE, PROVIDING THE TEACHER APPRECIATION LUNCHES, PURCHASING COFFEE FOR THE SCHOOL WORKROOMS, TEACHER CHRISTMAS BONUSES, AND SALARY INCREASES. IN ADDITION, IT IS THE UMBRELLA ORGANIZATION THAT HOUSES ALL PARENT VOLUNTEERS.
THE EAGLE ATHLETIC BOOSTER CLUB IS OUR THIRD LARGEST PROGRAM. THE EABC RAISES MONEY TO SUPPORT THE ATHLETIC PROGRAMS AT SECOND BAPTIST SCHOOL. REVENUES TOTALED $405,499 AND CAME PRIMARILY FROM THE FOLLOWING AREAS: MEMBERSHIPS, CONCESSIONS, MERCHANDISE, HOMECOMING, SPRING SWING, FLIGHT NIGHT, YARD SIGNS. NET INCOME OVER EXPENSES WAS GRANTED TO THE SCHOOL ATHLETIC DEPARTMENT TO PAY FOR UNIFORMS, EQUIPMENT AND PLAYOFF EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tauber Chairman | Officer | 0.02 | $0 |
Willie Langston Vice Chairman | Officer | 0.02 | $0 |
David Thrasher Secretary | Officer | 0.02 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,039,466 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,690,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,729,488 |
| Total Program Service Revenue | $0 |
| Investment income | $585,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,016 |
| Net Income from Fundraising Events | $630,742 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,185,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,961,786 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $207,469 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,411 |
| Information technology | $17,800 |
| Royalties | $0 |
| Occupancy | $2,394 |
| Travel | $0 |
| 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 | -$9,808 |
| Insurance | $0 |
| All other expenses | $102,210 |
| Total functional expenses | $3,439,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,842,625 |
| Savings and temporary cash investments | $0 |
| 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 | $171,203 |
| Net Land, buildings, and equipment | $3,348 |
| Investments—publicly traded securities | $22,953,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,970,859 |
| Accounts payable and accrued expenses | $122,891 |
| Grants payable | $0 |
| Deferred revenue | $52,170 |
| 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 | $175,061 |
| Net assets without donor restrictions | $11,191,683 |
| Net assets with donor restrictions | $15,604,115 |
| 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 | $26,970,859 |