Overview
What is The Endowment Fund Of The First Baptist Church?
The Endowment Fund of the First Baptist Church, situated in Laurel, Mississippi, serves as a channel for distributing designated gifts and bequests as per the donor's instructions. Its primary mission is to support various causes and activities associated with the First Baptist Church of Laurel, ensuring their continued growth and impact within the community. The fund operates within the boundaries of PO Box 2636, Laurel, MS.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Endowment Fund of the First Baptist Church has received a solid Three-Star rating from Charity Navigator, reflecting a commendable overall score of 80%. This rating is derived exclusively from the organization's Accountability & Finance performance, indicating a strong emphasis on responsible financial management and governance practices.
The charity demonstrates strengths in various accountability areas, with a fully independent board, no material diversion of assets, and a sound conflict of interest policy. The organization also maintains a perfect program expense ratio, ensuring that all funds are directed towards its mission, which is a positive indicator of effective resource allocation.
While the overall score is favorable, the reliance on a singular beacon score means that other operational aspects may not be as thoroughly evaluated. Despite this, the strong accountability practices showcased reflect a commitment to transparency and ethical management, which are critical for donor trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Endowment Fund Of The First Baptist Church legitimate?
The Endowment Fund Of The First Baptist Church is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Endowment Fund Of The First Baptist Church 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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What is the mission statement of The Endowment Fund Of The First Baptist Church?
The Endowment Fund of a Baptist church, specifically the First Baptist Church of Laurel, is tasked with distributing designated gifts or bequests according to the donor's instructions. The funds are intended for various causes and activities within the church. The primary objective of this endowment fund is to support and uphold the initiatives and purposes of the First Baptist Church of Laurel, as specified by the donors. The fund serves as a means to sustain and advance the church's endeavors, ensuring that the donors' philanthropic intentions continue to benefit the church community.
Who is the CEO of The Endowment Fund Of The First Baptist Church?
Eric Lindstrom is the President of The Endowment Fund Of The First Baptist Church.
What is the revenue of The Endowment Fund Of The First Baptist Church?
The Endowment Fund Of The First Baptist Church's revenue in 2022 was $51,741.
Who are the executives of The Endowment Fund Of The First Baptist Church 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 Endowment Fund Of The First Baptist Church?
The Endowment Fund Of The First Baptist Church's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Endowment Fund Of The First Baptist Church
The Endowment Fund of the First Baptist Church is a charitable organization that is dedicated to distributing designated gifts or bequests as per the donor's instructions. Its mission is focused on supporting causes and activities within the First Baptist Church of Laurel. This endowment fund serves as a vital means to channel donor generosity towards the church's initiatives, thereby contributing to its overall growth and development. By adhering to the donor's instructions, the Endowment Fund ensures that the donated funds are used in a manner that aligns with the donor's intentions, thereby strengthening the bond between the donor and the church.
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Impact
October, 2024
The Endowment Fund of the First Baptist Church significantly contributes to the church's mission by ensuring that designated gifts and bequests are utilized in accordance with donors' instructions. This careful distribution enables the church to support various causes and activities that align with its vision and mission in Laurel, MS. By managing these contributions responsibly, the fund enhances the church’s capacity to carry out community outreach, support worship activities, and provide resources for spiritual growth. The impact extends beyond mere financial support; it fosters a culture of stewardship within the congregation, encouraging members to invest in the long-term sustainability and effectiveness of the church's programs. Ultimately, the Endowment Fund serves as a vital resource that empowers the First Baptist Church to respond to both immediate needs and future opportunities, enriching the lives of its members and the wider community.
This information is meant to be a general summary of The Endowment Fund Of The First Baptist Church. 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: $50,106
- Gross Receipts: $240,134
Assets and Liabilities:
- Total Assets: $1,297,884
- Total Liabilities: $0
- Net Assets: $1,297,884
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Organization Details
Phone
(601) 649-5710Principal Officer
Eric Lindstrom
Main Address
PO BOX 2636, LAUREL, MS, 39442
NTEE Category
Code: X20 - Religion related
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