Boston Baptist Social Union
- Assets
- $21.2m
- Revenue
- $416.6k
- Investments
- $21.0m
- Employees
- 0
- Location
- Medford, MA
- Founding
- 03/1935
- Data as of
- 03/2023
- EIN
- 04-6034977
Organization Overview
Boston Baptist Social Union is located in Medford, 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 03/2023, Boston Baptist Social Union generated $416.6k 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 (13.8%) each year. All expenses for the organization totaled $1.7m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Boston Baptist Social Union has awarded 253 individual grants totaling $7,932,741. 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 |
|---|---|---|---|
James Thomas Treasurer | 6 | $12,000 | |
Jimmy Thomas Vice President | 2 | $0 | |
David Collins President | 2 | $0 | |
Arthur Almeda Vice President | 2 | $0 | |
David Essensa Director | 1 | $0 | |
Christopher Gianacoplis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $927 |
| Dividends & Interest | $527,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$125,995 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,396 |
| Total Revenue | $416,630 |
| 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 | $16,003 |
| Depreciation | $0 |
| Occupancy | $8,550 |
| Travel, conferences, and meetings | $140,682 |
| Printing and publications | $2,377 |
| Other expenses | $350,054 |
| Total operating and administrative expenses | $569,186 |
| Contributions, gifts, grants paid | $1,099,082 |
| Total expenses and disbursements | $1,668,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,525 |
| Savings and temporary cash investments | $48,920 |
| 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 | $31,545 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,129,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $21,156,377 |
| 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 | $7,554 |
| Total liabilities | $7,554 |
Grants Awarded
Over the last fiscal year, Boston Baptist Social Union has awarded $1,099,082 in support to 33 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. | $156,000 |
CALVARY BAPTIST CHURCH OF LOWELL PURPOSE: GENERAL SUPPORT | $30,000 |
BOSTON MISSIONARY BAPTIST COMMUNITY CENTER PURPOSE: PROGRAM SUPPORT | $35,000 |
FIRST NEPALI BAPTIST CHURCH OF SOMERVILLE PURPOSE: YOUTH SUPPORT | $40,000 |
FIRST BAPTIST CHURCH OF JAMAICA PLAIN PURPOSE: GENERAL SUPPORT | $30,000 |
FIRST BAPTIST CHURCH - LYNN PURPOSE: KAREN MINISTRY | $40,000 |