Overview
What is Business & Professional Foundation?
Business & Professional Foundation is a nonprofit organization situated in Springfield, Tennessee. Their primary mission is to aid organized church groups affiliated with the Kentucky-Tennessee Conference of Seventh-day Adventists by offering no-interest or low-interest loans. This initiative aims to support housing projects that reflect the denomination's high standards and ideals. Additionally, the foundation supports various evangelical, educational, medical, and welfare programs of the Kentucky-Tennessee Conference of Seventh-day Adventists, as approved by their Board of Directors and depending on the availability of funds. The foundation also has the flexibility to engage in activities as per their charter, as deemed appropriate by their board. They have previously provided a $75,000 loan to the Pulaski SDA Church.
Official website here: www.kytn-bpf.org
Is Business & Professional Foundation legitimate?
Business & Professional Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business & Professional 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:
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For more financial information, click here
Official website here: www.kytn-bpf.org
What is the mission statement of Business & Professional Foundation?
The Business & Professional Foundation aims to significantly aid in securing suitable housing for organized church groups within the Kentucky-Tennessee Conference of Seventh-day Adventists, upholding the denomination's high standards and ideals. This is achieved through no-interest or low-interest loans. Furthermore, the foundation is authorized to contribute to the evangelical, educational, medical, and welfare programs of the conference at the discretion of its Board of Directors and as funds permit. In addition, the foundation may carry out any activities as per its organization's charter, deeming them wise and appropriate by the Board of Directors.
Official website here: www.kytn-bpf.org
Who is the CEO of Business & Professional Foundation?
Cindy Boskind is the President of Business & Professional Foundation.
Official website here: www.kytn-bpf.org
What is the revenue of Business & Professional Foundation?
Business & Professional Foundation's revenue in 2022 was $9,454.
Official website here: www.kytn-bpf.org
Who are the executives of Business & Professional Foundation and what are their salaries?
There 12 volunteers at Business & Professional Foundation.
Here are 10 key members and their salaries:
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Official website here: www.kytn-bpf.org
Where can I find the form 990 for Business & Professional Foundation?
Business & Professional Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kytn-bpf.org
Learn more at the official website: www.kytn-bpf.org
Mission Statement of Business & Professional Foundation
The Business & Professional Foundation, an organization with a mission as stated, aims to significantly contribute to the provision of suitable housing for church groups affiliated with the Kentucky-Tennessee Conference of Seventh-day Adventists. These housing units are expected to embody the high standards and ideals of the denomination, and this is accomplished through the provision of no-interest or low-interest loans.
Beyond housing, the Business & Professional Foundation also extends its assistance to various evangelical, educational, medical, and welfare programs of the Kentucky-Tennessee Conference of Seventh-day Adventists. The discretion to allocate funds for these programs lies with the Board of Directors of the Foundation, ensuring that the organization's resources are utilized wisely and appropriately in accordance with its charter.
In essence, the Business & Professional Foundation serves as a support system for the Kentucky-Tennessee Conference of Seventh-day Adventists, providing financial aid for housing and other programs that align with the conference's values and objectives. The foundation's activities are guided by the wisdom of its Board of Directors and its charter, ensuring that the aid provided is both effective and aligned with the organization's mission.
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Impact
October, 2024
The Business & Professional Foundation significantly impacts the Kentucky-Tennessee Conference of Seventh-day Adventists by facilitating access to vital funding, reinforcing the community's infrastructure and services. By providing no-interest and low-interest loans for housing, the foundation ensures that organized church groups can establish and maintain facilities that reflect the high standards and ideals of their denomination.
For instance, a recent $75,000 loan to the Pulaski SDA Church exemplifies how the foundation supports congregational needs, allowing them to thrive and serve their members better. Beyond housing, the foundation also invests in various evangelical, educational, medical, and welfare programs, thereby enhancing the overall quality of life for community members. Through these initiatives, the foundation not only strengthens church communities but also fosters a spirit of collaboration and resource-sharing, ensuring that funds are allocated in ways that best serve the needs of the community.
This information is meant to be a general summary of Business & Professional 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: $9,159
- Program Service Revenue: $295
- Gross Receipts: $9,454
Assets and Liabilities:
- Total Assets: $649,225
- Total Liabilities: $0
- Net Assets: $649,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST/LOAN FEE CHURCHS
Revenue
$295
Organization Details
Founding Year
1966
Phone
(615) 384-8431Principal Officer
Cindy Boskind
Main Address
728 S MAIN STREET, SPRINGFIELD, TN, 37172
Website
www.kytn-bpf.orgNTEE Category
Code: Z99 - Unknown
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