Overview
What is The Baptist Missionary Loan Association?
The Baptist Missionary Loan Association is a nonprofit organization, based in Waxahachie, Texas, with a postal address. Its primary mission is to support the Baptist Missionary Association of Texas, offering low-interest loans to help finance church properties or provide financing when commercial credit is unavailable. This association collaborates with both new and established Baptist churches in Texas, assisting them in purchasing property, constructing new buildings, and aiding mission churches in getting a strong start. The nonprofit has a modest workforce of three individuals.
Is The Baptist Missionary Loan Association legitimate?
The Baptist Missionary Loan Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Baptist Missionary Loan Association 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: $59,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,027
For more financial information, click here
What is the mission statement of The Baptist Missionary Loan Association?
The Baptist Missionary Loan Association collaborates with Baptist Missionary Association of Texas churches to provide financial assistance. They offer low-interest loans to help establish new church plants, support established churches in purchasing property, and construct new buildings. The association's primary objective is to ensure mission churches get a solid start by making financing available, even when it's not accessible commercially. Their mission is to strengthen and grow the religious community by offering financial aid at below-market rates.
Who is the CEO of The Baptist Missionary Loan Association?
Christa Williams is the Trustee of The Baptist Missionary Loan Association.
What is the revenue of The Baptist Missionary Loan Association?
The Baptist Missionary Loan Association's revenue in 2022 was $710,852.
Who are the executives of The Baptist Missionary Loan Association and what are their salaries?
The average compensation at The Baptist Missionary Loan Association during 2022 was $35,476. There are 3 employees at The Baptist Missionary Loan Association.
Here are 14 key members and their salaries:
- Compensation: $59,402
- Related: $49,610
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Where can I find the form 990 for The Baptist Missionary Loan Association?
The Baptist Missionary Loan Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Baptist Missionary Loan Association
The Baptist Missionary Loan Association cooperates with Baptist Missionary Association of Texas churches to provide affordable loans for purchasing property and constructing new buildings for both new church plants and established churches. Their mission is to ensure these churches have a healthy start by making loans at below-market rates or offering financing options when commercial credit is unavailable. This association aims to support the growth and development of Baptist churches in Texas, thereby contributing to the expansion of their religious communities.
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Impact
October, 2024
The Baptist Missionary Loan Association significantly contributes to the growth and sustainability of churches within the Baptist Missionary Association of Texas. By providing low-interest loans, it enables new church plants and established congregations to acquire property and construct new buildings, facilitating their expansion and outreach efforts. This financial assistance is particularly vital for mission churches, helping them to establish a solid foundation right from their inception.
Through its cooperative efforts with BMA churches, the association addresses the financial barriers that often hinder church development. By offering loans at below-market rates, it not only makes financing accessible but also helps churches that may struggle to secure commercial credit. This support fosters healthier congregations and strengthens the overall community, promoting spiritual growth and outreach across Texas.
This information is meant to be a general summary of The Baptist Missionary Loan Association. 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: $318,714
- Program Service Revenue: $346,853
- Gross Receipts: $710,852
Assets and Liabilities:
- Total Assets: $19,801,107
- Total Liabilities: $18,665,729
- Net Assets: $1,135,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$346,853
MISCELLANEOUS INCOME
Organization Details
Founding Year
1952
Phone
(972) 923-0758Principal Officer
Christa Williams
Main Address
P O BOX 425, WAXAHACHIE, TX, 75168
NTEE Category
Code: X120 - Religion related
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