Overview
What is First Baptist Properties Inc?
First Baptist Properties Inc is a corporation situated in Columbus, Georgia, primarily dedicated to managing real estate. The company's primary function is to hold property titles and collect associated income. After covering operational expenses, the entire income is transferred to First Baptist Church Inc., a nonprofit organization that qualifies for tax-exempt status under Internal Revenue Code Section 501(c)(3). By serving as a financial intermediary, First Baptist Properties Inc supports the operations of the religious organization.
Is First Baptist Properties Inc legitimate?
First Baptist Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. First Baptist Properties 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,024
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What is the mission statement of First Baptist Properties Inc?
First Baptist Properties Inc. is established with the primary objective of holding property titles and generating income from them. The corporation then proceeds to transfer the entire income, after deducting expenses, to First Baptist Church Inc., an organization that qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code of 1986. In essence, First Baptist Properties Inc. serves as a financial intermediary, channeling its earnings towards the exempt church organization.
Who is the CEO of First Baptist Properties Inc?
Ben Smith is the Member of First Baptist Properties Inc.
What is the revenue of First Baptist Properties Inc?
First Baptist Properties Inc's revenue in 2022 was $45,114.
Who are the executives of First Baptist Properties Inc and what are their salaries?
There 5 volunteers at First Baptist Properties Inc.
Here are 5 key members and their salaries:
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for First Baptist Properties Inc?
First Baptist Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Baptist Properties Inc
First Baptist Properties, as a corporation, is dedicated to a specific purpose: holding title to properties and collecting income derived from these assets. Its primary objective is to subsequently transfer the total sum of income, after deducting expenses, to First Baptist Church, Inc., an organization that falls under the exempt category of Section 501(c)(3) of the Internal Revenue Code of 1986. By performing these functions, First Baptist Properties acts as a facilitator, supporting the charitable work of First Baptist Church, Inc. in its mission to serve the community.
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Impact
October, 2024
First Baptist Properties Inc plays a significant role in supporting the local community through its operations in Columbus, GA. By holding title to property and managing its income, the organization directs resources to First Baptist Church Inc, enhancing the church's ability to serve its congregation and the wider community.
This financial support enables the church to engage in various community improvement initiatives, reflecting a commitment to uplift the local populace. With focused management under the leadership of Ben Smith, First Baptist Properties Inc effectively contributes to the sustainability and growth of programs that foster community development and outreach. Through its activities, the corporation not only ensures the financial viability of the church but also amplifies its impact on the community at large.
This information is meant to be a general summary of First Baptist Properties 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: -$36,593
- Gross Receipts: $1,337,705
Assets and Liabilities:
- Total Assets: $3,899,177
- Total Liabilities: $111,922
- Net Assets: $3,787,255
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Organization Details
Founding Year
1999
Phone
(706) 322-4468Principal Officer
Ben Smith
Main Address
PO Box 828, Columbus, GA, 319020828
NTEE Category
Code: S47 - Community improvement
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