South Main Baptist Foundation Inc
- Assets
- $5.0m
- Revenue
- $836.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1985
- Data as of
- 12/2015
- EIN
- 76-0149492
Organization Overview
South Main Baptist Foundation Inc is located in Houston, TX. The organization was established in 1985. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Main Baptist 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED TO RECEIVE, MANAGE AND DISTRIBUTE ASSETS (INCLUDING THE INCOME THEREFROM) EXCLUSIVELY FOR THE BENEFIT AND IN FURTHERANCE OF THE RELIGIOUS MINISTRIES OF THE SOUTH MAIN BAPTIST CHURCH, 4100 MAIN STREET, HOUSTON, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTH MAIN BAPTIST CHURCH FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE SOUTH MAIN BAPTIST CHURCH. AS REFLECTED ON SCHEDULE I, THE FOUNDATION GRANTED FUNDS FOR A MISSION TRIP, MARKETING, SALARY SUPPORT, AND WINDOW REPLACEMENT DURING 2014.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Brown President | OfficerTrustee | 4 | $0 |
Melissa Pasche Secretary | OfficerTrustee | 2 | $0 |
Alan Smith Vice President | OfficerTrustee | 2 | $0 |
Jack Townsend Asst. Secretary | Officer | 2 | $0 |
Tim Day Director | Trustee | 2 | $0 |
Brandt Edwards Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,548 |
| Investment income | $261,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,843 |
| 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 | $836,469 |
| 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. | $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 | $27,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,248 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,180 |
| All other expenses | $0 |
| Total functional expenses | $714,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,997 |
| Savings and temporary cash investments | $43,658 |
| 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 | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $4,639,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,016 |
| Other assets | $62,079 |
| Total assets | $5,008,901 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,675,647 |
| Net assets with donor restrictions | $2,181,706 |
| Capital stock or trust principal, or current funds | $151,548 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,008,901 |
Grants Awarded
Over the last fiscal year, South Main Baptist Foundation Inc has awarded $607,037 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
S MAIN BAPTIST CHURCH PURPOSE: Window replacement | $411,477 |
S MAIN BAPTIST CHURCH PURPOSE: Marketing | $150,000 |
S MAIN BAPTIST CHURCH PURPOSE: Salary support | $33,420 |
S MAIN BAPTIST CHURCH PURPOSE: China mission trip | $12,140 |
Endowment Analysis
| Beg. Balance | $2,460,981 |
| Earnings | $197,581 |
| Other Expense | $287,342 |
| Ending Balance | $2,371,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |