Overview
What is Tampa Bay Baptist Foundation Inc?
Tampa Bay Baptist Foundation Inc is a nonprofit organization situated in Tampa, Florida, specifically at 1060 W BUSCH BLVD. The primary mission of this organization is to aid churches within the Tampa Bay Baptist Association in spreading the message of Jesus Christ. In response to Hurricane Ian, they provided financial assistance to the Royal Palm Baptist Association and the Florida Baptist Convention, amounting to $12,500 and $87,500 respectively, for disaster relief. The funds were utilized to support pastors and their churches, as well as to assist other churches affected by the hurricane.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)
Tampa Bay Baptist Foundation Inc has received a Two-Star rating from Charity Navigator, which indicates a moderate level of organizational effectiveness, particularly in Accountability & Finance. The foundation scored 73%, reflecting a solid commitment to transparency and effective use of funds. The high scores in areas such as having a majority of independent board members and no material diversion of assets highlight the organization's strong governance practices.
Strengths include a 93.24% program expense ratio, meaning the majority of its expenditures directly support its programs. The foundation’s board is entirely independent, which can enhance decision-making processes and ensure that the organization remains focused on its mission without undue influence. Furthermore, the low liabilities to assets ratio of 0.00% suggests a strong financial position without reliance on debt.
However, with an overall score derived solely from Accountability & Finance, the organization's performance may not be fully reflective of its broader impact or effectiveness in achieving its mission. As such, while the financial metrics are commendable, potential donors may want to seek additional information about the foundation's programmatic outcomes and community engagement efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Tampa Bay Baptist Foundation Inc legitimate?
Tampa Bay Baptist Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tampa Bay Baptist Foundation Inc 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
What is the mission statement of Tampa Bay Baptist Foundation Inc?
Tampa Bay Baptist Foundation Inc's primary mission is to aid churches within the Tampa Bay Baptist Association in spreading the gospel of Jesus Christ. This mission is carried out through direct assistance to the churches in their proclamation efforts. Recently, the foundation provided financial aid to the Royal Palm Baptist Association and the Florida Baptist Convention to help them recover from the aftermath of Hurricane Ian, aiding pastors and their churches in the affected association.
Who is the CEO of Tampa Bay Baptist Foundation Inc?
Elbert Nasworthy is the President of Tampa Bay Baptist Foundation Inc.
What is the revenue of Tampa Bay Baptist Foundation Inc?
Tampa Bay Baptist Foundation Inc's revenue in 2022 was $180,849.
Who are the executives of Tampa Bay Baptist Foundation Inc and what are their salaries?
There 10 volunteers at Tampa Bay Baptist Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tampa Bay Baptist Foundation Inc?
Tampa Bay Baptist Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tampa Bay Baptist Foundation Inc
Tampa Bay Baptist Foundation Inc is dedicated to supporting the churches within the Tampa Bay Baptist Association in their mission to spread the gospel of Jesus Christ. The organization's primary objective is to assist these churches in their proclamation efforts. This mission is a crucial part of the foundation's activities, aiming to contribute to the spiritual growth and outreach of the churches it serves.
In the aftermath of natural disasters, Tampa Bay Baptist Foundation Inc has shown its commitment to its mission by providing aid. Following Hurricane Ian, the foundation allocated $12,500 to the Royal Palm Baptist Association to assist pastors and their churches within the association. Additionally, the foundation contributed $87,500 to the Florida Baptist Convention for disaster relief, further demonstrating their role in supporting churches during challenging times. This relief effort allows the Florida Baptist Convention to extend aid to other churches affected by the hurricane, demonstrating the foundation's far-reaching impact on the Baptist community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Tampa Bay Baptist Foundation Inc plays a crucial role in strengthening the churches within the Tampa Bay Baptist Association by providing essential support for the proclamation of the Gospel of Jesus Christ. After Hurricane Ian, the foundation made significant contributions, including $12,500 in aid to the Royal Palm Baptist Association, aimed at supporting pastors and their churches during a challenging recovery period. Additionally, it allocated $87,500 to the Florida Baptist Convention specifically for disaster relief, helping to extend assistance to other churches affected by the hurricane. Through these efforts, the foundation not only aids in immediate relief but also fosters community resilience and continuity in faith-based outreach, ensuring that churches can continue their mission to share the Gospel in times of crisis.
This information is meant to be a general summary of Tampa Bay Baptist Foundation Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $175,756
- Gross Receipts: $1,279,704
Assets and Liabilities:
- Total Assets: $1,918,766
- Total Liabilities: $0
- Net Assets: $1,918,766
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1974
Principal Officer
Elbert Nasworthy
Main Address
1060 W BUSCH BLVD, Tampa, FL, 33612
If you are a representative of Tampa Bay Baptist Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.