Southeastern Baptist College Foundation Inc is located in Laurel, MS. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Baptist College 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 06/2022, Southeastern Baptist College Foundation Inc generated $79.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $76.0k during the year ending 06/2022. While expenses have increased by 14.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT CHRISTIAN EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS MADE TO SOUTHEASTERN BAPTIST COLLEGE, LAUREL, MS TO ADVANCE CHRISTIAN EDUCATION AND TO PROMOTE THE CHRISTIAN FAITH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Arthur Broadhead Recording Secretary | OfficerTrustee | 0.1 | $0 |
Leon Carmical Chairman | OfficerTrustee | 0.1 | $0 |
Chris Floyd Director | OfficerTrustee | 0.1 | $0 |
Sam Oglesby Vice-Chairman | OfficerTrustee | 0.1 | $0 |
Robert Welborn Treasurer | OfficerTrustee | 1 | $0 |
Scott Carson College President | Officer | 0.1 | $0 |
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 | $8,192 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,192 |
Total Program Service Revenue | $0 |
Investment income | $41,179 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $30,485 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $79,856 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $66,948 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,225 |
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 | $4,781 |
Total functional expenses | $75,954 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,691 |
Savings and temporary cash investments | $0 |
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 | $758,780 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $761,471 |
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 | $28,475 |
Total liabilities | $28,475 |
Net assets without donor restrictions | $2,691 |
Net assets with donor restrictions | $730,305 |
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 | $0 |
Total liabilities and net assets/fund balances | $761,471 |
Over the last fiscal year, we have identified 1 grants that Southeastern Baptist College Foundation Inc has recieved totaling $6.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Organization Name | Assets | Revenue |
---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
Mc Neese State University Foundation Lake Charles, LA | $101,832,401 | $15,814,029 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |
Auxiliary Services Foundation Memphis, TN | $24,476,321 | $9,276,607 |
Provident Group - Tubman Quad Properties Inc Baton Rouge, LA | $65,014,017 | $2,517,219 |
Lsu Real Estate And Facilities Foundation Baton Rouge, LA | $27,883,351 | $21,043,945 |
Plumbers And Steamfitters Health Welfare And Educational Fund Metairie, LA | $10,022,630 | $8,551,794 |
Highlands Day School Foundation Birmingham, AL | $18,906,069 | $7,689,613 |
Mary R Gallaspy Charitable Trust No Two Natchitoches, LA | $32,819,833 | $7,568,243 |
East Tennessee State University Foundation Johnson City, TN | $138,793,222 | $16,207,692 |
Tennessee Technological University Foundation Cookeville, TN | $123,537,262 | $10,032,492 |