Overview
What is Thomaston First Baptist Foundation?
Thomaston First Baptist Foundation is a charitable organization based in Thomaston, Georgia. Their primary mission is to raise funds for capital improvement projects within the First Baptist Church. They achieve this by soliciting, encouraging, and facilitating the making of donations and gifts, which are then managed and utilized solely for the benefit of the church's causes. The foundation operates through Post Office Drawer 351, providing financial support to enhance the church's facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
Thomaston First Baptist Foundation has achieved an 80% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating highlights the organization's commitment to responsible financial practices, with a strong emphasis on transparency and governance, as demonstrated by a board comprised entirely of independent members.
The foundation has a program expense ratio of 82.54%, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, there are no reported material diversions of assets, and the foundation maintains a favorable liabilities to assets ratio of 0.00%, which suggests good financial health and stability.
While the overall rating is commendable, the score is based solely on accountability and finance, with no additional beacons to evaluate other aspects such as impact or growth. This limited scope means that while financial practices are strong, it may be beneficial for the organization to showcase more information regarding its programs and overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Thomaston First Baptist Foundation legitimate?
Thomaston First Baptist Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomaston First Baptist Foundation 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 Thomaston First Baptist Foundation?
The Thomaston First Baptist Foundation's mission is to actively seek, motivate, and assist in obtaining philanthropic contributions. These funds are then managed and allocated exclusively for the betterment of a charitable cause. The primary objective of the foundation is to utilize these gifts and donations to serve this charitable purpose effectively. By doing so, the foundation plays a crucial role in advancing the cause it supports. The funds collected are primarily intended for capital improvement projects within the associated church.
Who is the CEO of Thomaston First Baptist Foundation?
Ken Gaskins is the President of Thomaston First Baptist Foundation.
What is the revenue of Thomaston First Baptist Foundation?
Thomaston First Baptist Foundation's revenue in 2022 was $53,576.
Who are the executives of Thomaston First Baptist Foundation and what are their salaries?
There 6 volunteers at Thomaston First Baptist Foundation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Thomaston First Baptist Foundation?
Thomaston First Baptist Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thomaston First Baptist Foundation
Thomaston First Baptist Foundation is dedicated to its mission of proactively seeking and encouraging charitable contributions. The primary objective of this organization is to gather funds, donations, and benefactors, all of which are then managed and utilized exclusively for the betterment of the charity. The foundation's role is to facilitate these acts of generosity, ensuring that they directly benefit the cause they support. In the context of this organization, these funds are channeled towards capital improvement projects within the First Baptist Church.
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Impact
October, 2024
Thomaston First Baptist Foundation significantly enhances the community through its commitment to securing and managing donations aimed at supporting vital capital improvement projects for the First Baptist Church in Thomaston, GA. By acquiring and facilitating gifts, the Foundation plays a crucial role in promoting charitable initiatives that enrich the church's mission and outreach capabilities. This impact is reflected in the upgraded facilities and resources that enable the church to better serve its congregation and the surrounding community, fostering a stronger sense of unity and support within the region. The funds administered by the Foundation are dedicated exclusively to charitable efforts, ensuring that each contribution contributes directly to meaningful enhancements that resonate with the values and needs of the community it serves.
This information is meant to be a general summary of Thomaston First Baptist Foundation. 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: $32,139
- Gross Receipts: $170,961
Assets and Liabilities:
- Total Assets: $1,578,395
- Total Liabilities: $0
- Net Assets: $1,578,395
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Organization Details
Founding Year
1972
Principal Officer
Ken Gaskins
Main Address
Post Office Drawer 351, Thomaston, GA, 30286
NTEE Category
Code: X21I - Religion related
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