Bacone Baptist Church
- Assets
- $8.3m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 107
- Location
- Muskogee, OK
- Founding
- 04/1955
- Data as of
- 07/2021
- EIN
- 73-0590036
Organization Overview
Bacone Baptist Church is located in Muskogee, OK. The organization was established in 1955. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 07/2021, Bacone Baptist Church employed 107 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bacone Baptist Church 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 07/2021, Bacone Baptist Church generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $8.8m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BACONE COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE AFFILIATED WITH THE AMERICAN BAPTIST CHURCH EMBRACING A HISTORIC EDUCATIONAL MISSION WITH AMERICAN INDIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM COSTS RELATED TO LIBERAL ARTS, CAREER AND CONTINUING EDUCATION PROGRAMS.
AUXILIARY ENTERPRISES, ENDOWMENT AND MISCELLANEOUS EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ferlin Clark President | Officer | 40 | $150,670 |
Jerome Steele Vice President Of Finance/cfo | Officer | 40 | $64,637 |
Leroy Thompson VP Of Academic Affairs | Officer | 40 | $57,598 |
Quinton Roman Nose Chair | OfficerTrustee | 1 | $0 |
Joseph Garcia Treasurer | OfficerTrustee | 1 | $0 |
W Richard West Jr Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,688 |
| All other contributions, gifts, grants, and similar amounts not included above | $976,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,590 |
| Total Program Service Revenue | $5,163,824 |
| Investment income | $480 |
| 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 | $7,873,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,834,032 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,443 |
| Compensation of current officers, directors, key employees. | $169,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,586,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,350 |
| Payroll taxes | $315,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146,419 |
| 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 | $335,240 |
| Advertising and promotion | $2,625 |
| Office expenses | $475,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $489,856 |
| Travel | $87,333 |
| 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 | $791,543 |
| Insurance | $342,544 |
| All other expenses | $156,215 |
| Total functional expenses | $8,836,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $245,949 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,070 |
| Prepaid expenses and deferred charges | $32,374 |
| Net Land, buildings, and equipment | $7,493,948 |
| Investments—publicly traded securities | $85,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,262,001 |
| Accounts payable and accrued expenses | $1,045,659 |
| 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 | $1,067,740 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,113,399 |
| Net assets without donor restrictions | -$34,186 |
| Net assets with donor restrictions | $6,182,788 |
| 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 | $8,262,001 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bacone Baptist Church has recieved totaling $66,557.
| Awarding Organization | Amount |
|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC PURPOSE: EDUCATIONAL GRANT | $66,557 |
Endowment Analysis
| Beg. Balance | $5,818,641 |
| Ending Balance | $5,818,641 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Dallas County Community College District Foundation Inc Dallas, TX | $68,087,017 | $10,311,935 |
Jacksonville College Jacksonville, TX | $5,355,399 | $5,417,972 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
North Harris Montgomery Community College District Foundation The Woodlands, TX | $39,494,296 | $6,076,044 |
Southwestern Christian College Terrell, TX | $4,746,786 | $3,502,099 |
Labette Community College Foundation Parsons, KS | $3,484,837 | $749,910 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Pikes Peak Communtiy College Foundation Inc Colorado Springs, CO | $5,356,337 | $1,290,429 |