BAPTIST FOUNDATION OF MARYLAND/DELAWARE INC

Address
10255 OLD COLUMBIA ROAD
COLUMBIA, MD 21046
Contact
Website: http://www.bcmd.org/baptist-foundation
Phone: +1 (410) 290-5290
Nonprofit
NTEE: X112 - Religion-related
EIN: 52-1731731

Mission

TO PROFESSIONALLY MANAGE THE INVESTMENT OF ALL FUNDS ASSIGNED TO IT BY THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC. AND TO PROFESSIONALLY MANAGE THE INVESTMENT OF ALL FUNDS ENTRUSTED TO THE CARE OF THE ORGANIZATION IN COMPILANCE WITH THE WISHES OF THE DONORS.
 20172016201520142013
Basic features of the organization
Year of formation1991
Subsection code03
PF filing required0    
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation $0.00$0.00  
Number of employees000  
Number of people compensated >$100k 00  
Number of volunteers 00  
Number of highly compensated contractors 00  
Personnel
, Vacant
Title SECRETARYSECRETARY  
Name of key/compensated person VACANTVACANT  
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer TrueTrue  
Average hours per week working for org 0.000.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Ashby, Mickey
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personMICKEY ASHBYMICKEY ASHBYMICKEY ASHBY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Conley, Bruce
Title  PRESIDENT  
Name of key/compensated person  REV BRUCE CONLEY  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  2.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Eaton, Bob
Title PRESIDENTVICE PRESIDENT  
Name of key/compensated person BOB EATONMR BOB EATON  
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer TrueTrue  
Average hours per week working for org 2.002.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Ely, Darlene
TitleTRUSTEETRUSTEE   
Name of key/compensated personDARLENE ELYDARLENE ELY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Gauger, John
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personJOHN GAUGERJOHN GAUGERDR JOHN GAUGER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Johnston, Karl
TitleTRUSTEE    
Name of key/compensated personKARL JOHNSTON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Lee, Tim
TitleVICE PRESIDETRUSTEETRUSTEE  
Name of key/compensated personTIM LEETIM LEETIM LEE  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrue    
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Miller, Dick
Title  TRUSTEE  
Name of key/compensated person  DICK MILLER  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  2.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Mitchell, Anne
TitleTRUSTEETRUSTEE   
Name of key/compensated personANNE MITCHELLANNE MITCHELL   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Ober, Irv
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personIRV OBERIRV OBERIRV OBER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Peacock, Bill
TitlePRESIDENTVICE PRESIDENTTRUSTEE  
Name of key/compensated personBILL PEACOCKBILL PEACOCKBILL PEACOCK  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrue   
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Smith, Kevin
TitleSECRETARY    
Name of key/compensated personKEVIN SMITH    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Stolle, Tom
TitleDIRECTOR/TREDIRECTOR/TREASURERDIRECTOR/TREASURER  
Name of key/compensated personTOM STOLLE CPATOM STOLLETOM STOLLE  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org10.0010.0010.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $15,000.00$15,000.00$15,000.00  
Tilghman, Carl
TitleTRUSTEETRUSTEE   
Name of key/compensated personCARL TILGHMANCARL TILGHMAN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Williams, Jeri
Title  TRUSTEE  
Name of key/compensated person  JERI WILLIAMS  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  2.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Wolverton, Steve
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personSTEVE WOLVERTONSTEVE WOLVERTONREV STEVE WOLVERTON  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROFESSIONALLY MANAGE THE INVESTMENT OF ALL FUNDS ASSIGNED TO IT BY THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC. AND TO PROFESSIONALLY MANAGE THE INVESTMENT OF ALL FUNDS ENTRUSTED TO THE CARE OF THE ORGANIZATION IN COMPILANCE WITH THE WISHES OF THE DONORS.RELIGIOUS- TO ASSIST WITH CHURCH STARTS AND TO MANAGE FINANCIAL RESOUCES FOR BAPTIST AGENCIES.RELIGIOUS- TO ASSIST WITH CHURCH STARTS AND TO MANAGE FINANCIAL RESOUCES FOR BAPTIST AGENCIES.  
Program service expenses, total$448,468.00$425,977.00$505,773.00  
Programs, including revenue & expenses
TO PROVIDE A CUSTODIAN OF FINANCIAL AND OTHER RESOURCES FOR THE PERPETUAL SUPPORT OF THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC. AND ITS MINITRIES.
Program expenses$448,468.00$425,977.00$505,773.00  
Grants and allocations made$380,217.00$361,044.00$433,905.00  
Program revenue$600,247.00$235,579.00$574,072.00  
Program descriptionTO PROVIDE A CUSTODIAN OF FINANCIAL AND OTHER RESOURCES FOR THE PERPETUAL SUPPORT OF THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC. AND ITS MINITRIES.TO PROVIDE A CUSTODIAN OF FINANCIAL AND OTHER RESOURCES FOR THE PERPETUAL SUPPORT OF THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC., MINISTRIES.TO PROVIDE A CUSTODIAN OF FINANCIAL AND OTHER RESOURCES FOR THE PERPETUAL SUPPORT OF THE BAPTIST CONVENTION OF MARYLAND/DELAWARE, INC., MINISTRIES.  
Financial data
Revenue
Total revenue$600,247.00$270,139.00$574,400.00  
Revenue from contributions (total)$100,671.00$34,560.00$328.00$7,910.00$3,805.00
Investment income, current yr$385,713.00$114,065.00$441,941.00  
Total revenue from grants, etc., current yr$100,671.00$34,560.00$328.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$797.00$743.00$693.00  
Net unrelated business taxable revenue $0.00$0.00  
Program service revenue (total)$113,066.00$120,771.00$131,438.00$149,632.00$153,508.00
Gross receipts$700,247.00$406,778.00$574,400.00  
Sources of contributions
Contributions from related organizations $34,560.00$328.00  
Revenue from all other contributions$100,671.00    
Other types of revenue
Miscellaneous revenue (total)$797.00$743.00$693.00  
Income from dividends, interest, and similar investments$172,545.00$150,704.00$172,910.00  
Net rental income   $0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$448,468.00$425,977.00$505,773.00  
Total functional expenses: program service $448,468.00$425,977.00$505,773.00  
Total functional expenses: management and general$0.00$0.00$0.00  
Total functional expenses: fundraising$0.00$0.00$0.00  
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00  
General management fees (total)$27,232.00    
Investment management fees (total)$41,019.00    
Assets and liabilities
Total assets$11,000,277.00$10,404,860.00$10,056,258.00$10,547,830.00$10,392,256.00
Total assets, beginning of year$10,404,860.00$10,056,258.00$10,547,830.00  
Total liabilities$107,529.00$115,975.00$126,625.00$144,257.00$149,239.00
Total liabilities, beginning of year$115,975.00$126,625.00$144,257.00  
Unrestricted net assets, end of yr$2,947,480.00$2,946,747.00$2,946,318.00  
Temporarily restricted net assets$6,107.00$20,196.00$22,756.00  
Permanently restricted net assets, end of yr$7,939,161.00$7,321,942.00$6,960,559.00  
Net assets$10,892,748.00$10,288,885.00$9,929,633.00  
Net assets, beginning of year$10,288,885.00$9,929,633.00$10,403,573.00  
Other liabilities$1,303.00$2,100.00$2,845.00  
Investments: publicly traded securities$7,946,571.00$7,344,238.00$6,986,160.00  
Other financial variables
Revenue less expenses$151,779.00-$155,838.00$68,627.00  
Savings & temp cash investment$1,073,479.00$984,044.00$845,655.00  
Accounts payable & accrued expenses$106,226.00$113,875.00$123,780.00  
Total net assets or fund balances$10,892,748.00$10,288,885.00$9,929,633.00  
Governance and accountability
Number of voting members121111  
Number of independent voting members111010  
Financial sheets auditedTrueTrueTrue  
Accrual accountingTrueTrueTrue  
Tax year start date2016-10-012015-10-012014-10-01  
Tax year end date2017-09-012016-09-012015-09-012014-09-012013-09-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrue  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2018-01-162017-07-182016-02-26  
IRS schema version2016v3.02015v3.02014v5.0  
Filing identifier201733479349300508201720349349300522201533509349300143  
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