Providence Baptist Church Foundation Inc in Opelika, Alabama (AL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Providence Baptist Church Foundation Inc | |
| Employer Identification Number (EIN) | 631288187 |
| Name of Organization | Providence Baptist Church Foundation Inc |
| In Care of Name | Wayne H Poe |
| Address | 2807 Lee Road 166, Opelika, AL 36804-0107 |
| Subsection | Religious Organization |
| Ruling Date | 02/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $307,992 |
| Amount of Income | $62,415 |
| Form 990 Revenue Amount | $8,127 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Christian |
Non-representatives - add comments:
Amount of income in 2012: $62,415 (it was $8,127 in 2011)
| Providence Baptist Church Foundation Inc: | $62,415 |
| Other organizations performing similar types of work: | $65,990 |
Assets in 2012: $307,992 (it was $251,253 in 2011)
| This organization: | $307,992 |
| Other organizations performing similar types of work: | $19,362 |
Expenses in 2012: $5,676
| Providence Baptist Church Foundation Inc: | $5,676 |
| Other organizations performing similar types of work: | $61,884 |
Income to expenses ratio in 2012: 11.0
| Providence Baptist Church Foundation Inc: | 11.0 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 93.9%
| This organization: | 93.9% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $62,415 | $3,810 | $0 | |
| Contributions, gifts, grants, etc., received | $58,605 | |||
| Interest on savings and temporary cash investments | $1,555 | |||
| Dividends and interest from securities | $2,255 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $5,676 | $300 | $0 | $5,226 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,650 | $300 | $2,200 | |
| Contributions, gifts, grants paid | $3,026 | |||
| Excess of revenue over expenses and disbursements | $56,739 | |||
| Net investment income | $3,510 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $307,992 | $304,967 |
| Cash - non-interest-bearing | $10,576 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $60,363 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $237,053 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $307,992 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $70 |
| Total credits and payments | $159 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $59 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $100 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $89 |
| Amount to be credited to 2013 estimated tax | $89 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $272,062 |
| Net value of noncharitable-use assets | $267,980 |
| Minimum investment return | $13,399 |
| Distributable Amount (for 2012) | |
| Distributable amount | $13,329 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $13,329 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $11,129 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tl Lowery Global Foundation | PO BOX 2550, Cleveland, TN 37320-2550 | TN | 2005-01 | $507,025 |
| 2 | Relevance | 3440 Nw Covey Run Rd, Corvallis, OR 97330-3155 | OR | 2006-06 | $303,047 |
| 3 | Warrior At Heart Ministry Inc | PO BOX 1511, Grand Jct, CO 81502-1511 | CO | 2007-09 | $87,472 |
| 4 | Vapor Sports Ministries | 338 Talladega Springs Rd, Sylacauga, AL 35151-5928 | AL | 2005-09 | $2,802,300 |
| 5 | Lighthouse Baptist Church | 6335 Swedetown Rd N, Theodore, AL 36582-6294 | AL | 2012-02 | $1,645,673 |
| 6 | Whosoever Ministries | PO BOX 917, Trussville, AL 35173-0917 | AL | 2006-11 | $1,345,316 |
| 7 | Radical Inc | 5511 Highway 280 Ste 215, Birmingham, AL 35242-1504 | AL | 2011-03 | $1,093,317 |
| 8 | Solid Rock Community Outreach Inc | 1260 Spring Hill Ave, Mobile, AL 36604-2728 | AL | 2014-03 | $825,805 |
| 9 | Christian Heritage Usa Fouindation | PO BOX 11651, Montgomery, AL 36111-0651 | AL | 2005-01 | $556,614 |
| 10 | New Water Ministries | 2208 University Blvd, Birmingham, AL 35233-2313 | AL | 2011-11 | $552,277 |
| 11 | New Vision Christian Church | 2383 Highway 95, Helena, AL 35080-4041 | AL | 2004-11 | $380,019 |
| 12 | E3 Volunteers Inc | PO BOX 360925, Hoover, AL 35236-0925 | AL | 2014-10 | $342,381 |
| 13 | Vine Pastoral Counseling Center Inc | 333 Franklin St Se Ste 300, Huntsville, AL 35801-4264 | AL | 1999-05 | $339,313 |
| 14 | Grain Game International | PO BOX 1435, Northport, AL 35476-6435 | AL | 2012-06 | $322,219 |
| 15 | Divine Inspirational Ministries | 4774 Hwy 199, Tuskegee, AL 36083 | AL | 2007-08 | $264,742 |
| 16 | Blue Jean Services Of Dallas County Inc, Blue Jean | PO BOX 1606, Selma, AL 36702-1606 | AL | 2013-11 | $238,239 |
| 17 | Saving Grace Home For Women Inc | 23790 Us Highway 90, Robertsdale, AL 36567-5600 | AL | 2008-01 | $212,722 |
| 18 | Vision Ministry Inc | PO BOX 189, Laceys Spring, AL 35754-0189 | AL | 2015-01 | $209,614 |
| 19 | Zarate International Outreach Inc | PO BOX 661454, Birmingham, AL 35266-1454 | AL | 2001-08 | $208,311 |
| 20 | Spear International Ministries Inc | 2522 Valleydale Rd Ste 201, Hoover, AL 35244-2702 | AL | 2009-01 | $196,898 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 50,517 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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