Cooperative Baptist Fellowship Foundation Inc in Atlanta, Georgia (GA)

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Cooperative Baptist Fellowship Foundation Inc
Employer Identification Number (EIN)582116771
Name of OrganizationCooperative Baptist Fellowship Foundation Inc
Address2930 Flowers Road South No 133, Atlanta, GA 30341-5512
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Other religious activities, Gifts, grants, or loans to other organizations
SubsectionReligious Organization
Ruling Date08/2010
DeductibilityContributions are deductible
FoundationChurch
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2009
Assets$10,000,000 to $49,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (church)
Asset Amount$31,241,045
Amount of Income$491,505
Form 990 Revenue Amount$491,336
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Protestant


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Amount of income in 2009: $491,505
This organization: 

 $491,505
Other organizations performing similar types of work: 

 $66,638

Assets in 2009: $31,241,045
This organization: 

 $31,241,045
Other organizations performing similar types of work: 

 $23,949

Expenses in 2007: $253,674
This organization: 

 $253,674
Other organizations performing similar types of work: 

 $61,434

Income to expenses ratio in 2007: 6.9
This organization: 

 6.9
Other organizations performing similar types of work: 

 0.8

Expenses allocated to program services in 2007: 54.8%
This organization: 

 54.8%
Other organizations performing similar types of work: 

 73.1%

Grants share in income in 2007: 86.9%
This organization: 

 86.9%
Other organizations performing similar types of work: 

 49.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$286,602$135,896$855,866$1,757,892
Contributions, gifts, grants, and similar amounts received$69,673$63,339$680,237$1,527,828
Contributions to donor advised funds$0$0
Direct public support$69,673$63,339$680,237$1,527,828
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$182,870$36,856$128,048$143,180
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0
Dividends and interest from securities$40,258$37,725$47,581$85,847
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-6,199$-2,024$0$1,037
Gross amount from sales of assets other than inventory$74,716$56,636$0$65,806
Less: cost or other basis and sales expenses$80,915$58,660$0$64,769
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$273,087$283,729$243,075$253,674
Program services$157,500$171,812$165,337$139,056
Management and general$77,464$68,401$55,821$88,988
Fundraising$38,123$43,516$21,917$25,630
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$995,790$897,272$1,640,546$2,566,647
Excess or (deficit) for the year$13,515$-147,833$612,791$1,504,218
Net assets or fund balances at beginning of year$945,659$995,790$897,272$1,658,299
Other changes in net assets or fund balances$36,616$49,315$130,483$-595,870
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$253,674$139,056$88,988$25,630
Grants paid from donor advised funds$0
Other grants and allocations$10,869
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$116,757$70,054$35,028$11,675
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$37,326$22,395$11,197$3,734
Pension plan contributions not included above$8,382$5,585$2,797$0
Employee benefits not included above$6,947$4,631$2,316$0
Payroll taxes$2,461$1,641$820$0
Professional fundraising fees$10,221$0$0$10,221
Accounting fees$19,825$0$19,825$0
Legal fees$2,064$2,064$0$0
Supplies$841$0$841$0
Telephone$2,530$0$2,530$0
Postage and shipping$2,078$0$2,078$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$1,146$0$1,146$0
Travel$13,899$9,266$4,633$0
Conferences, conventions, and meetings$132$0$132$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$18,196$12,551$5,645$0
Balance Sheets
2004200520062007
Total assets$33,169,136$32,289,910$38,296,062$33,408,207
Cash - non-interest-bearing$4,988,895$5,926,031$6,189,859$4,889,498
Savings and temporary cash investments$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$1,769,216$1,791,352$1,913,406$1,569,286
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$1,696,320$1,585,480$1,477,052$1,204,451
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$6,393$298$220$1,510
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$24,708,312$22,986,749$28,715,525$25,743,462
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$32,173,346$31,392,638$36,655,516$30,841,560
Accounts payable and accrued expenses$113,298$1,668,677$901,746$175,795
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$32,060,048$29,723,961$35,753,770$30,665,765
Total liabilities and net assets/fund balances$33,169,136$32,289,910$38,296,062$33,408,207
Total net assets or fund balances$995,790$897,272$1,640,546$2,566,647
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$286,602$135,896$0$1,757,892
Total revenue, gains, and other support per audited financial statements$323,218$185,211$0$1,196,026
Other expenses$36,616$49,315$0$-561,866
Net unrealized gains on investments$36,616$49,315$0$-597,892
Donated services and use of facilities$0$0$0$34,000
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$2,026
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$273,087$283,729$0$253,674
Total expenses and losses per audited financial statements$273,087$283,729$0$287,674
Other revenue$0$0$0$34,000
Donated services and use of facilities$0$0$0$34,000
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
38$94,675$22,082$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$86,884$143,180
Program service revenue
Program service revenue 1000000$000$0$143,180
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$85,847$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,037$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2003200420052006
Total$0$0$137,920$92,982
Gifts, grants, and contributions received$0$0$63,339$41,776
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$36,856$35,600
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$37,725$15,606
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska74
Alabama625
Arkansas373
Arizona576
California4,884
Colorado607
Connecticut339
District of Columbia130
Delaware158
Florida3,061
Georgia1,827
Hawaii133
Iowa192
Idaho77
Illinois1,408
Indiana772
Kansas221
Kentucky407
Louisiana800
Massachusetts489
Maryland1,103
Maine48
Michigan878
Minnesota368
Missouri732
Mississippi410
Montana92
North Carolina1,642
North Dakota33
Nebraska130
New Hampshire54
New Jersey958
New Mexico165
Nevada259
New York2,111
Ohio1,077
Oklahoma530
Oregon304
Pennsylvania1,088
Rhode Island73
South Carolina791
South Dakota50
Tennessee788
Texas3,956
Utah68
Virginia899
Vermont22
Washington486
Wisconsin363
West Virginia135
Wyoming37
International73
Total36,876
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateCooperative Baptist Fellowship Foundation Inc2930 Flowers Road South No 133, Atlanta, GA 30341-5512GA2010-08$491,505
CentralCooperative Baptist Fellowship Inc160 Clairemont Ave Ste 500, Decatur, GA 30030-2541GA2010-08$0
SubordinateChurch Benefits Board Inc160 Clairemont Ave Ste 500, Decatur, GA 30030-2541GA2010-08$0
Number of affiliated organizations
Georgia3
Total3

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