First Baptist Church Endowment Fund Incorporated

Organization Overview

First Baptist Church Endowment Fund Incorporated is located in Richmond, VA. The organization was established in 1970. 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. First Baptist Church Endowment Fund Incorporated 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 12/2020, First Baptist Church Endowment Fund Incorporated generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, First Baptist Church Endowment Fund Incorporated has awarded 68 individual grants totaling $8,706,804. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO AID BAPTIST AND OTHER CHARITABLE ORGANIZATIONS IN CARRYING OUT THEIR MISSIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ENDOWMENT PROVIDES GRANTS TO VARIOUS ORGANIZATIONS FOR RELIGIOUS, EDUCATIONAL, AND HUMANITARIAN AID.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Larson
Director
$0
Kim O Boys
Treasurer
$0
L Lee Stephenson
Secretary
$0
Carl W Johnson
Past President
$0
Charles Tilley
Director
$0
Linn P Kreckman
Director
$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$542,590
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$542,590
Total Program Service Revenue$0
Investment income $810,251
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $639,475
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,989,371

Grants Awarded

Over the last fiscal year, First Baptist Church Endowment Fund Incorporated has awarded $977,244 in support to 6 organizations.

Grant RecipientAmount

FIRST BAPTIST CHURCH

Org PageRecipient Profile

Richmond, VA

PURPOSE: COMMUNITY /MUSIC /RECREATION /TELEVISION MINISTRY, BUILDING AND GROUNDS, STAFF ASSISTANCE, SCHOLARSHIPS, YOUTH TRIPS, MISSION TRIPS, AND MULTI SUPPORT MISSIONS

$928,744

Richmond, VA

PURPOSE: COMMUNITY ASSISTANCE

$15,000

RIVER CITY FAITH NETWORK

Org PageRecipient Profile

Richmond, VA

PURPOSE: MISSION OF NONPROFIT

$10,000

RICHMOND FRIENDS OF HOMELESS

Org PageRecipient Profile

Moseley, VA

PURPOSE: MISSION OF NONPROFIT

$10,000

VIRGINIA BAPTIST HISTORICAL SOCIETY

PURPOSE: MISSION OF NONPROFIT

$7,000

CROSS OVER HEALTH SERVICES

Org PageRecipient Profile

Richmond, VA

PURPOSE: MISSION OF NONPROFIT

$6,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that First Baptist Church Endowment Fund Incorporated has recieved totaling $77,390.

Awarding OrganizationAmount
J Leonard And Dorothy B Moore Charitable Foundation

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$77,390
View Grant Recipient Profile

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