Baptist Foundation Of New England

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043232388 ✦ Northborough, MA ✦ Designated as a 501(c)(3)

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Overview

What is Baptist Foundation Of New England?

The Baptist Foundation of New England is a nonprofit organization located at 87 Lincoln Street, Northborough, Massachusetts 01532. Its primary mission is to bolster the existing Baptist churches in New England, particularly by offering financial aid to maintain aged church properties. The foundation serves this purpose by providing grants and financial support to Baptist churches and ministries within the region. Furthermore, it manages investments on behalf of and extends interest-bearing loans to affiliated churches, contributing to their growth and sustainability. By accepting donations and managing assets, the Baptist Foundation of New England advances Gospel work in New England, ultimately strengthening Baptist churches and ministries within the region.


Official website here: www.bcne.net/bfne

What do the Facebook reviews say about Baptist Foundation Of New England?

96% of 50 reviewers on Facebook recommend the Baptist Foundation of New England. Here is a summary of their reviews:

The feedback highlights strong leadership within the organization, which resonates well with supporters, indicating a sense of trust and reliability in the foundation's management. Reviewers express appreciation for the foundation’s commitment to addressing significant needs in the community, emphasizing its impactful role.

Overall, the sentiment towards the Baptist Foundation of New England is very positive, with many feeling encouraged by the organization's dedication to serving its mission effectively.


This AI summary has been generated from reviews found on Facebook.

Is Baptist Foundation Of New England legitimate?

Baptist Foundation Of New England is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Foundation Of New England submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bcne.net/bfne

What is the mission statement of Baptist Foundation Of New England?

The Baptist Foundation of New England's mission, in essence, is to advance gospel work in the region by managing donations intended for strengthening Baptist churches and ministries. They manage investments and utilize the earnings to support these religious institutions in New England. The foundation provides grants and interest-bearing loans to affiliated churches, aiding them in maintaining their properties, thereby enhancing their overall capabilities.


Official website here: www.bcne.net/bfne

Who is the CEO of Baptist Foundation Of New England?

Dr Terry Dorsett is the Executive Dir. of Baptist Foundation Of New England.


Official website here: www.bcne.net/bfne

What is the revenue of Baptist Foundation Of New England?

Baptist Foundation Of New England's revenue in 2021 was $587,163.


Official website here: www.bcne.net/bfne

Who are the executives of Baptist Foundation Of New England and what are their salaries?

There 50 volunteers at Baptist Foundation Of New England.


Here are 11 key members and their salaries:


Terry Dorsett (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Akinsola (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sweyden Dibble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wanda Reyes-Dawes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsey Presley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Goodenough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Derrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Miers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Merrill Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russel Dimmick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bcne.net/bfne

Where can I find the form 990 for Baptist Foundation Of New England?

Baptist Foundation Of New England's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.bcne.net/bfne

Learn more at the official website: www.bcne.net/bfne

Mission Statement of Baptist Foundation Of New England

Baptist Foundation of New England, a nonprofit organization, is dedicated to furthering Gospel work in the region by accepting donations and utilizing them to strengthen Baptist churches and ministries across New England. The foundation manages its assets and financial investments, and the proceeds are used to support the churches and ministries affiliated with it. One of its key activities involves providing interest-bearing loans to these churches, particularly to help maintain aging church properties. By doing so, Baptist Foundation of New England plays a crucial role in strengthening the existing Baptist churches in New England.

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Impact




October, 2024

The Baptist Foundation of New England plays a crucial role in bolstering the presence and effectiveness of Baptist churches and ministries across New England. By providing grants and financial support, the foundation helps strengthen existing Southern Baptist congregations, ensuring that they can maintain and upgrade aging church properties. This financial assistance is vital for communities, allowing churches to continue their outreach and service missions effectively.

Furthermore, through the management of investments, the foundation not only secures financial stability for affiliated churches but also facilitates interest-bearing loans that enable them to revitalize their facilities and expand their ministries. This commitment to nurturing the local church network reflects a broader mission to further Gospel work in the region, ultimately fostering spiritual growth and community development. The impact is felt not just in the maintenance of physical spaces, but in the continued vibrancy and outreach of faith-based initiatives in New England.




This information is meant to be a general summary of Baptist Foundation Of New England. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$587,163 (2021)
Expenses
$141,558 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $270,416
  • Program Service Revenue: $316,747
  • Gross Receipts: $587,163

Assets and Liabilities:

  • Total Assets: $3,392,824
  • Total Liabilities: $0
  • Net Assets: $3,392,824

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Other

Revenue

$24,753

Program Contributions

Revenue

$291,994

Organization Details

Founding Year

1976

Principal Officer

Dr Terry Dorsett

Main Address

87 Lincoln Street, Northborough, MA, 01532

NTEE Category

Code: Z99 - Unknown

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