New Orleans Baptist Seminary Foundation

Organization Overview

New Orleans Baptist Seminary Foundation is located in New Orleans, LA. The organization was established in 1964. 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 a subordinate organization within an affiliated group for tax-exemption purposes. New Orleans Baptist Seminary Foundation 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 07/2022, New Orleans Baptist Seminary Foundation generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.4m during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE ACTIVITIES OF THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY AS A CHURCH SCHOOL FOR THE SOUTHERN BAPTIST CONVENTION PRIMARILY THROUGH ENDOWMENTS AND GIFTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FUNDING FOR 19 PROFESSORSHIPS AT THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY. ALSO TO PROVIDE FOR STUDENT AID AND OTHER SEMINARY CAPITAL AND OPERATIONAL SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Mike Haley
Chairman
$0
Dr Ron Mccaskill
Vice Chairman
$0
Brett Allen
Treasurer
$0
Cory Armand
Secretary
$0
Dr Mike Wetzel
Executive Secretary
$0
Stacy Adams
Board Member
$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$3,286,770
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,286,770
Total Program Service Revenue$0
Investment income $1,782,652
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,069,422

Grants Recieved

Over the last fiscal year, we have identified 2 grants that New Orleans Baptist Seminary Foundation has recieved totaling $18,732.

Awarding OrganizationAmount
Hollis Foundation Inc

Columbus, MS

PURPOSE: EDUCATION OF MINISTRIAL STUDENTS

$18,693
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$39
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$26,373,220
Earnings$1,507,478
Admin Expense$10,750
Other Expense$1,496,728
Ending Balance$26,373,220

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