First Baptist Cares Inc
- Assets
- $54.4k
- Revenue
- $223.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chatanooga, TN
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-4710069
Organization Overview
First Baptist Cares Inc is located in Chatanooga, TN. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Baptist Cares 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, First Baptist Cares Inc generated $223.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $332.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT THE UNDERSERVED AND MARGINALIZED WITHIN OUR COMMUNITY WITH ESSENTIAL LIVING AND LIFE RESOURCES TO FLOURISH SOCIALLY, ECONOMICALLY, AND SPIRITUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST BAPTIST CARES PARTNERS WITH FIRST BAPTIST CHURCH, THE GREATER CHATTANOOGA COMMUNITY FOUNDATION, MEMORIAL HOSPITAL, AND THE CHATTANOOGA AREA FOODBANK TO PROVIDE SHELTER AND MEALS FOR THE HOMELESS AND OTHER FAMILIES IN NEED. DURING 2023 FIRST BAPTIST CARES PROVIDED SHORT TERM HOUSING FOR HOMELESS FAMILIES, PROVIDED DINNER FOR FAMILIES WITH FAMILY MEMBERS IN THE ICU, AND SERVED BETWEEN 200 AND 250 FAMILIES IN 2023 THROUGH OUR PARTNERSHIP WITH THE CHATTANOOGA AREA FOOD BANK. FIRST BAPTIST CARES WAS ABLE TO ASSIST 60 FAMILIES IN NEED OF SHELTER IN 2023 AND LOOKS FORWARD TO CONTINUING TO SERVE THOSE IN NEED WITH THE HELP OF OUR COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Terry Ladd III President | OfficerTrustee | 0.05 | $0 |
Terrilyn Ladd Secretary | Trustee | 0.05 | $0 |
Sara Chambers Treasurer | Trustee | 0.05 | $0 |
Larry Bray Board Member | Trustee | 0.05 | $0 |
Glen Chambers Board Member | Trustee | 0.05 | $0 |
Bonnie Marsh Board Member | Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $202,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,094 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $223,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $153,434 |
| Fees for services: Legal | $849 |
| Fees for services: Accounting | $5,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,439 |
| Advertising and promotion | $480 |
| Office expenses | $3,000 |
| Information technology | $19,668 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $5,170 |
| 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 | $2,229 |
| All other expenses | $0 |
| Total functional expenses | $332,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,356 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,356 |
| 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 | $1,872 |
| Total liabilities | $1,872 |
| Net assets without donor restrictions | $52,484 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $54,356 |