Overview
What is First Baptist Church Foundation?
The First Baptist Church Foundation is a nonprofit organization situated in Sioux Falls, South Dakota, specifically at 1401 S Covell Ave. Its primary role is to manage both designated and undesignated donations intended to strengthen the church's financial reserves for both short-term and long-term projects. The foundation's mission is to support First Baptist Church in its various initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating.
The First Baptist Church Foundation has received a rating of 70%, indicative of a Two-Star status. This score is solely based on its Accountability & Finance metrics, reflecting strengths in its governance and financial management. The organization boasts a fully independent board and has shown no material diversion of assets, which is a positive sign for transparency and ethical oversight.
However, the foundation has several areas where improvement is needed. Key policies such as a conflict of interest policy, whistleblower policy, and documentation of board meeting minutes are notably absent. Additionally, the organization's website is not listed on its tax form, which raises questions about its online transparency and accessibility for stakeholders.
Overall, while the First Baptist Church Foundation demonstrates strong financial ratios and governance structures, the lack of essential operational policies detracts from its overall rating. Enhancing transparency and formalizing missing policies could improve its standing and trust among potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is First Baptist Church Foundation legitimate?
First Baptist Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Baptist Church 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 First Baptist Church Foundation?
The First Baptist Church Foundation's mission is centered around managing both designated and undesignated donations intended for the church. These funds are utilized to accumulate cash reserves, supporting both short-term and long-term projects within the church. The foundation's role is crucial in ensuring the church's financial stability and the execution of its various initiatives over time.
Who is the CEO of First Baptist Church Foundation?
Mark Swensen is the President of First Baptist Church Foundation.
What is the revenue of First Baptist Church Foundation?
First Baptist Church Foundation's revenue in 2022 was $176,410.
Who are the executives of First Baptist Church Foundation and what are their salaries?
There 4 volunteers at First Baptist Church Foundation.
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 First Baptist Church Foundation?
First Baptist Church Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Baptist Church Foundation
The First Baptist Church Foundation's mission is centered around managing both designated and undesignated donations intended to bolster the church's financial reserves for both short-term and long-term projects. This nonprofit organization plays a crucial role in ensuring the church has the necessary funds to carry out its various initiatives over both the immediate and distant future. By handling these donations meticulously, the First Baptist Church Foundation contributes significantly to the church's financial stability and growth.
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
First Baptist Church Foundation plays a crucial role in supporting the financial health and growth of First Baptist Church in Sioux Falls, SD. By effectively managing both designated and undesignated donations, the foundation builds essential cash reserves that enable the church to undertake short-term and long-term projects. This financial stewardship ensures that the church can invest in its community, enhance its facilities, and extend its outreach efforts, ultimately fostering a strong, vibrant environment for worship and connection. The foundation's work allows for better planning and execution of initiatives that align with the church's mission, thereby positively impacting the congregation and the broader community.
This information is meant to be a general summary of First Baptist Church 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: $20,995
- Gross Receipts: $450,648
Assets and Liabilities:
- Total Assets: $1,744,340
- Total Liabilities: $0
- Net Assets: $1,744,340
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2002
Phone
(605) 941-5029Principal Officer
Mark Swensen
Main Address
1401 S Covell Ave, Sioux Falls, SD, 57105
NTEE Category
Code: X112 - Religion related
If you are a representative of First Baptist Church Foundation 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.