Overview
What is The First Baptist Church Of Athens Foundation Inc?
The First Baptist Church of Athens Foundation Inc, based in Athens, Georgia, serves as a charitable and religious entity. Its primary role is to manage and distribute funds received as gifts or bequests intended for the First Baptist Church of Athens, Georgia. The foundation's activities focus on maintaining and upkeeping the church property, funding construction projects, purchasing new equipment, renovating or replacing outdated buildings and equipment, improving the church grounds, and subsidizing the church's operational budget. The foundation's purpose is to support the church's charitable and religious endeavors, contributing to its overall mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
The First Baptist Church Of Athens Foundation Inc has received a low rating of 50%, which reflects significant concerns regarding its accountability and financial practices. The organization lacks an independent board, with 0% of board members being independent, raising potential issues of governance and oversight. While it has a strong program expense ratio of 87.73%, indicating that a majority of its funds are directed towards its mission, the absence of essential policies and documentation is a notable weakness.
Several critical governance policies are missing, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which negatively impacts the charity's accountability score. Additionally, the charity does not have a website listed on its tax form, nor does it provide access to board meeting minutes or its tax documents on its website, further detracting from transparency.
Despite not having material diversions of assets, the overall lack of governance infrastructure is a concern for potential donors. Improvements in these areas could enhance the organization's trustworthiness and accountability to its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The First Baptist Church Of Athens Foundation Inc legitimate?
The First Baptist Church Of Athens Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The First Baptist Church Of Athens 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The First Baptist Church Of Athens Foundation Inc?
The First Baptist Church of Athens Foundation's mission is centered around receiving and managing charitable and religious gifts and bequests. Their primary activities involve maintaining and dispensing these funds for various purposes. The foundation is also involved in the repair, upkeep, and improvement of church property. Funds are used for construction projects, purchasing new equipment, and renovating outdated buildings and equipment. Additionally, the foundation assists in subsidizing the church's budgeted operations.
Who is the CEO of The First Baptist Church Of Athens Foundation Inc?
Gary Blasingame is the Treasurer of The First Baptist Church Of Athens Foundation Inc.
What is the revenue of The First Baptist Church Of Athens Foundation Inc?
The First Baptist Church Of Athens Foundation Inc's revenue in 2022 was $56,126.
Who are the executives of The First Baptist Church Of Athens Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The First Baptist Church Of Athens Foundation Inc?
The First Baptist Church Of Athens Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The First Baptist Church Of Athens Foundation Inc
The First Baptist Church of Athens Foundation's mission revolves around receiving and managing charitable and religious gifts and bequests intended for the First Baptist Church of Athens, Georgia. The activities of this foundation are primarily focused on maintaining and disbursing these funds for suitable purposes. In essence, the foundation serves as a steward of generous contributions, directing them towards the betterment of the church and its associated causes.
The mission of The First Baptist Church of Athens Foundation is multifaceted. One of its key roles involves the upkeep and improvement of the church property. Funds are allocated for repair works, construction, purchase of new equipment, replacement or remodeling of obsolete buildings and equipment, and the enhancement of the church's grounds. The foundation also plays a crucial part in subsidizing budgeted operations of the church, ensuring that its day-to-day operations run smoothly. The mission of The First Baptist Church of Athens Foundation is, therefore, a testament to its commitment to preserving and enhancing the church's facilities and resources, all while adhering to its charitable and religious objectives.
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Impact
October, 2024
The First Baptist Church of Athens Foundation Inc plays a crucial role in preserving and enhancing the community's spiritual and physical environment. By administering gifts and bequests, the foundation ensures the ongoing maintenance and upkeep of the church property, which supports its mission and activities.
Its impact extends to various essential functions, including the repair and renovation of buildings, purchase of new equipment, and improvements to church grounds. These efforts not only enhance the aesthetic and functional aspects of the church but also create a welcoming environment for the congregation and visitors alike. Additionally, the foundation helps subsidize the church's budgeted operations, ultimately strengthening its ability to serve the community.
Through its financial stewardship and commitment to charitable and religious purposes, the foundation significantly contributes to the overall vitality and longevity of the First Baptist Church of Athens, fostering a space for worship, community engagement, and spiritual growth.
This information is meant to be a general summary of The First Baptist Church Of Athens 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: $55,520
- Gross Receipts: $56,126
Assets and Liabilities:
- Total Assets: $1,153,418
- Total Liabilities: $0
- Net Assets: $1,153,418
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Organization Details
Founding Year
1992
Phone
(706) 548-1359Principal Officer
Gary Blasingame
Main Address
355 PULASKI STREET, ATHENS, GA, 30601
NTEE Category
Code: X19 - Religion related
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