Boston Baptist Social Union
- Assets
- $26.0m
- Revenue
- $10.5m
- Investments
- $25.9m
- Employees
- 0
- Location
- Melrose, MA
- Founding
- 03/1935
- Data as of
- 03/2022
- EIN
- 04-6034977
Organization Overview
Boston Baptist Social Union is located in Melrose, MA. The organization was established in 1935. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Boston Baptist Social Union 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 03/2022, Boston Baptist Social Union generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $1.6m during the year ending 03/2022. While expenses have increased by 4.0% per year over the past 6 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.
Since 2015, Boston Baptist Social Union has awarded 252 individual grants totaling $7,776,579. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin T Hobart Executive Secretary | 30 | $27,000 | |
James Thomas Treasurer | 6 | $12,000 | |
David Collins President | 2 | $0 | |
Patrick Lyons Director | 1 | $0 | |
Se Myung Chang Director | 1 | $0 | |
Jimmy Thomas Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $686,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,785,641 |
| Capital Gain Net Income | $9,785,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,683 |
| Total Revenue | $10,483,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,324 |
| Depreciation | $0 |
| Occupancy | $7,800 |
| Travel, conferences, and meetings | $107,897 |
| Printing and publications | $3,809 |
| Other expenses | $255,633 |
| Total operating and administrative expenses | $461,463 |
| Contributions, gifts, grants paid | $1,177,643 |
| Total expenses and disbursements | $1,639,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,926 |
| Savings and temporary cash investments | $86,705 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,565,796 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $25,997,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $160,913 |
| Total liabilities | $160,913 |
Grants Awarded
Over the last fiscal year, Boston Baptist Social Union has awarded $1,177,643 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
THE AMERICAN BAPTIST CHURCHES OF MASSACHUSETTS PURPOSE: TO PROVIDE SUMMER & WINTER CAN OING EXPERIENCES TO INDIVIDUALS WHO WOULD OTHERWISE BE UNABLE TO PARTICIPATE, AND SUPPORT TO MULTI CULTURAL MINISTRIES. VETERANS SUPPORT MINISTRIES. | $269,630 |
Lowell, MA PURPOSE: GENERAL MINISTRY SUPPORT | $250,000 |
RUGGLES BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $70,073 |
SEAFARER'S FRIEND PURPOSE: GENERAL SUPPORT | $40,000 |
FIRST NEPALI BAPTIST CHURCH OF SOMERVILLE PURPOSE: YOUTH SUPPORT | $40,000 |
EMMANUEL GOSPEL CENTER PURPOSE: GENERAL SUPPORT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kolel Torah Inc Brooklyn, NY | $234,559 | $10,096,931 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |
Boston Baptist Social Union Melrose, MA | $25,997,897 | $10,483,181 |
Kupath Rambahn Kolel Polin Brooklyn, NY | $316,560 | $1,630,127 |