Overview
What is Baptist Foundation Of Maryland/Delaware Inc?
Baptist Foundation of Maryland/Delaware Inc is a nonprofit organization situated in Columbia, Maryland. Its primary mission is to serve as a custodian for financial and other resources, ensuring their perpetual support for the Baptist Convention of Maryland/Delaware, Inc. and its related ministries. The foundation professionally manages these funds, adhering to the wishes of the donors. By doing so, it actively contributes to the continued success and growth of the Baptist Convention of Maryland/Delaware, Inc. and its initiatives.
Official website here: www.bcmd.org
Is Baptist Foundation Of Maryland/Delaware Inc legitimate?
Baptist Foundation Of Maryland/Delaware Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Foundation Of Maryland/Delaware 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:
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For more financial information, click here
Official website here: www.bcmd.org
What is the mission statement of Baptist Foundation Of Maryland/Delaware Inc?
The Baptist Foundation of Maryland/Delaware Inc. is tasked with managing the investments of funds assigned to it by the Baptist Convention of Maryland/Delaware, Inc., as well as managing funds entrusted to its care in accordance with donors' wishes. Its primary role is to serve as a custodian of financial and other resources, providing perpetual support for the Baptist Convention of Maryland/Delaware and its ministries. The foundation's mission is to professionally manage these funds, ensuring they are used in accordance with the intentions of their donors.
Official website here: www.bcmd.org
What is the revenue of Baptist Foundation Of Maryland/Delaware Inc?
Baptist Foundation Of Maryland/Delaware Inc's revenue in 2024 was $2,371,700.
Official website here: www.bcmd.org
Who are the executives of Baptist Foundation Of Maryland/Delaware Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.bcmd.org
Where can I find the form 990 for Baptist Foundation Of Maryland/Delaware Inc?
Baptist Foundation Of Maryland/Delaware Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bcmd.org
Learn more at the official website: www.bcmd.org
Mission Statement of Baptist Foundation Of Maryland/Delaware Inc
The Baptist Foundation of Maryland/Delaware Inc is committed to professionally managing the investments of funds assigned to it by the Baptist Convention of Maryland/Delaware, Inc., as well as managing the investments of all funds entrusted to its care in accordance with the donors' wishes. Its mission is to serve as a custodian of financial and other resources, providing perpetual support for the Baptist Convention of Maryland/Delaware, Inc. and its ministries. By adhering to this mission, the Baptist Foundation of Maryland/Delaware Inc ensures that the funds placed in its care are invested responsibly and in compliance with the intentions of the donors. The organization's role is essential in supporting the long-term financial stability and growth of the Baptist Convention of Maryland/Delaware, Inc. and its associated ministries.
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Impact
October, 2024
Baptist Foundation of Maryland/Delaware Inc significantly impacts the financial well-being and sustainability of the Baptist Convention of Maryland/Delaware and its ministries. By professionally managing the investment of funds entrusted to it, the foundation ensures that resources are optimized in accordance with donor wishes. This custodianship supports the ongoing mission and activities of the Baptist Convention, fostering a strong religious community while enhancing the ability of various ministries to operate effectively and expand their reach. Through careful financial stewardship, the foundation plays a critical role in ensuring that the vision and goals of the Baptist community are realized, ultimately contributing to the growth and support of spiritual initiatives in the region.
This information is meant to be a general summary of Baptist Foundation Of Maryland/Delaware 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 2024.
- Investment Income: $295,840
- Program Service Revenue: $148,905
- Gross Receipts: $2,467,823
Assets and Liabilities:
- Total Assets: $12,438,124
- Total Liabilities: $120,638
- Net Assets: $12,317,486
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHURCH LOAN INTEREST
Revenue
$147,930
LOAN INTEREST
Revenue
$975
Organization Details
Founding Year
1991
Principal Officer
Russ Spikes
Website
www.bcmd.orgNTEE Category
Code: X21I - Religion related
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