Tampa Bay Baptist Foundation Inc
- Assets
- $1.9m
- Revenue
- $57.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 02/1975
- Data as of
- 12/2023
- EIN
- 23-7397487
Organization Overview
Tampa Bay Baptist Foundation Inc is located in Tampa, FL. The organization was established in 1975. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Tampa Bay 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.
For the year ending 12/2023, Tampa Bay Baptist Foundation Inc generated $57.2k 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 (6.1%) each year. All expenses for the organization totaled $165.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Tampa Bay Baptist Foundation Inc has awarded 33 individual grants totaling $954,600. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST CHURCHES IN THE TAMPA BAY BAPTIST ASSOCIATION IN THE PROCLAMATION OF THE GOSPEL OF JESUS CHRIST
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP FIVE CHURCHES WITH PHYSICAL IMPROVEMENTS TO THEIR FACILITIES. INCLUDES EXTENSIVE INTERIOR WORK TO CHURCHES FOR ELECTRICAL WORK INCLUDING LIGHTING SYSTEM,FIRE SAFETY SYSTEM,AIR CONDITIONING SYSTEM, FLOORING AND WINDOWS.
$50,888 IN CONTRIBUTIONS WERE MADE TO THE TAMPA BAY BAPTIST ASSOCIATION TO ASSIST WITH ITS ENCOURAGE, EQUIP AND MULTIPLY MINISTRIES AND TO HELP PROVIDE ASSISTANCE TO TAMPA BAY AREA SOUTHERN BAPTIST CHURCHES WITH NEEDED REPAIRS, EQUIPMENT, PROPERTY, DOOR TO DOOR PROMOTIONS AND OTHER SPECIFIC NEEDS IN HELPING THE CHURCHES CARRY OUT THE GREAT COMMISSION IN THE TAMPA BAY AREA.
FOUR CHURCHES IN THE ASSOCIATION RECEIVED GIFTS TOTALING $20,100 TO ASSIST THEM WITH PROGRAMMING AND MINISTRY NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Perry Director | Trustee | 0 | $0 |
Jim Willis Director | Trustee | 0 | $0 |
David Kelley Director | Trustee | 0 | $0 |
Bill Humphries Director | Trustee | 0 | $0 |
Bart Azzarelli Director | Trustee | 0 | $0 |
Richard Nielsen Director | Trustee | 0 | $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 | $2,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,600 |
| Total Program Service Revenue | $0 |
| Investment income | $73,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $157,989 |
| 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 | $7,105 |
| Fees for services: Legal | $604 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $165,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,414 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,839,082 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,754 |
| Total assets | $1,911,250 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,911,250 |
| Total liabilities and net assets/fund balances | $1,911,250 |
Grants Awarded
Over the last fiscal year, Tampa Bay Baptist Foundation Inc has awarded $148,033 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHANNELSIDE CHURCH PURPOSE: ASSISTANCE WITH PROGRAMMING NEEDS | $12,600 |
TAMPA BAY BAPTIST ASSOCIATION PURPOSE: ANNUAL PROGRAMMING NEEDS | $50,888 |
SOUTH HILLS CHURCH PURPOSE: IMPROVEMENTS TO FACILITY | $11,618 |
FIRST BAPTIST CHURCH TARPON SPRINGS PURPOSE: AIR CONDITIONER UNIT | $15,000 |
SOUTHSIDE BAPTIST CHURCH OF BRANDON PURPOSE: FLOORING AND WINDOWS | $24,212 |
NO GREATER LOVE BAPTIST CHURCH PURPOSE: TEAR DOWN AND RENOVATION TO BUILDINGS | $33,715 |