Overview
What is Baptist Faith Mission Inc?
Baptist Faith Mission Inc is a nonprofit organization based in Lexington, Kentucky, USA. Their primary mission is to assist Baptist churches in sending God-called missionaries worldwide for disciple-making and church-planting missions, following the Great Commission. In 2022, eight missionary families spread the gospel in Brazil, Peru, France, and Kenya, conducting Bible studies, baptizing new believers, and establishing churches. They also engage with their supporters through mission conferences, updating them on their missionaries' work and soliciting continued contributions. Furthermore, Baptist Faith Mission Inc expands its reach by attending and hosting exhibits at various national and regional conferences. Their workforce consists of a single individual.
Official website here: www.baptistfaithmissions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Baptist Faith Mission Inc has received a two-star rating from Charity Navigator, indicating a "Needs Improvement" status with an overall score of 69%. While the organization has successfully maintained a high program expense ratio of 99.92%, demonstrating a strong commitment to its mission, it struggles significantly in areas of transparency and compliance, particularly with missing financial statements and key policies.
Strengths include a fully independent board, with 82% of members being independent, which is a positive indicator of governance. Additionally, there have been no reported material diversions of assets, and the organization does maintain documented minutes for board meetings. However, the absence of vital documents such as a conflict of interest policy and a whistleblower policy suggests areas where the organization could improve its accountability.
To enhance its rating and overall performance, Baptist Faith Mission Inc should prioritize improving its transparency by providing accessible financial statements and implementing necessary governance policies. Addressing these limitations will not only strengthen its operational integrity but also build trust with potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Faith Mission Inc legitimate?
Baptist Faith Mission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Faith Mission 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: $31,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $182,400
For more financial information, click here
Official website here: www.baptistfaithmissions.org
What is the mission statement of Baptist Faith Mission Inc?
Baptist Faith Mission Inc's primary objective is to assist Baptist churches in sending missionaries globally, with the aim of fulfilling disciple-making and church-planting missions. Their mission is deeply rooted in the Great Commission, as stated in Matthew 28:19-20, which encourages believers to "go into all the world and preach the gospel to every creature." The organization believes in making disciples of all nations by preaching the gospel, evangelizing, baptizing disciples, establishing Baptist churches, and training these disciples to follow the teachings of Jesus Christ.
Official website here: www.baptistfaithmissions.org
Who is the CEO of Baptist Faith Mission Inc?
Dave Parks is the Executive Se of Baptist Faith Mission Inc.
Official website here: www.baptistfaithmissions.org
What is the revenue of Baptist Faith Mission Inc?
Baptist Faith Mission Inc's revenue in 2022 was $848,892.
Official website here: www.baptistfaithmissions.org
Who are the executives of Baptist Faith Mission Inc and what are their salaries?
The average compensation at Baptist Faith Mission Inc during 2022 was $214,200. There is 1 employee and 3600 volunteers at Baptist Faith Mission Inc.
Here are 17 key members and their salaries:
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Official website here: www.baptistfaithmissions.org
Where can I find the form 990 for Baptist Faith Mission Inc?
Baptist Faith Mission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baptistfaithmissions.org
Learn more at the official website: www.baptistfaithmissions.org
Mission Statement of Baptist Faith Mission Inc
Baptist Faith Missions is an organization dedicated to aiding Baptist churches in sending missionaries worldwide. Their primary goal is to fulfill disciple-making and church-planting missions as part of the Great Commission, which encourages Christians to spread the gospel and make disciples of all nations. They believe that this mission is essential in making disciples of all nations by preaching the gospel, evangelizing, baptizing new converts, establishing Baptist churches, and training these disciples to obey everything that Jesus Christ has commanded. By assisting Baptist churches in sending missionaries, Baptist Faith Missions plays a crucial role in spreading the word of God and establishing a strong Christian presence in various nations.
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Impact
July, 2024
Baptist Faith Mission Inc has made a significant impact by sending out missionary families to preach the gospel, assist the needy, conduct Bible studies, baptize new believers, and establish churches in various nations like Brazil, Peru, France, and Kenya. They have also conducted missions conferences to gather supporters, update them on the work of missionaries, encourage continued contributions, and be transparent about the use of funds. Additionally, they have expanded their outreach by attending and hosting exhibits at national and regional conferences related to their mission. Through these efforts, Baptist Faith Mission Inc is actively fulfilling the Great Commission of making disciples of all nations and spreading the teachings of Jesus Christ.
This information is meant to be a general summary of Baptist Faith Mission 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: $22,470
- Gross Receipts: $848,892
Assets and Liabilities:
- Total Assets: $844,110
- Total Liabilities: $0
- Net Assets: $844,110
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Organization Details
Founding Year
1943
Phone
(859) 223-8374Principal Officer
Dave Parks
Main Address
3985 BOSTON ROAD, LEXINGTON, KY, 405141507
Website
www.baptistfaithmissions.orgNTEE Category
Code: X21 - Religion related
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