2024-05-08T17:27:26-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 15303 N DALLAS PARKWAY SUITE 1400 ADDISON TX 75001 990 2022-07-01 751439170 BAPTIST CHURCH LOAN CORPORATION BAPT 2148285140 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 LANDON K YEAGER CHIEF FINANCIAL OFFICER 2148285140 2024-05-06 1 LANDON YEAGER 999009999 1 ALLISON BROWN P01603075 9723835700 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GERALD R JAMES JR 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 6400498 0 X WWW.BCLCCHURCHLENDING.ORG/ X 1952 TX ASSIST CHURCHES IN THEIR EFFORTS TO SPREAD THE GOSPEL BY PROVIDING AFFORDABLE REAL ESTATE LOANS 12 12 11 12 0 0 0 0 5801678 6251682 44789 148816 0 0 5846467 6400498 0 0 0 0 1446889 1467552 0 0 0 1292381 2340437 2739270 3807989 3107197 2592509 151480737 168000890 33715499 47123368 117765238 120877522 ESTABLISH NEW CONGREGATIONS AND STRENGTHEN EXISTING ONES BY PROVIDING AND SERVICING LOANS FOR LAND PURCHASE, CONSTRUCTION, IMPROVING CURRENT FACILITIES, OR PURCHASING A NEW FACILITY FOR WORSHIP/RELIGIOUS INSTRUCTION 0 0 3293853 6288331 ESTABLISH NEW CONGREGATIONS AND STRENGTHEN EXISTING ONES BY PROVIDING AND SERVICING LOANS FOR LAND PURCHASE, CONSTRUCTION, IMPORVING CURRENT FACILITIES, OR PUCHASING A NEW FACILITY FOR WORSHIP/RELIGIOUS INSTRUCTION. 379 LOANS OUTSTANDING AS OF YEAR END. 3293853 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LANDON K YEAGER 2148285140 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 BRYAN ROGERS CHAIRMAN OF THE BOARD 2.00 X X 5935 0 0 MICHAEL MASON VICE CHAIRMAN 2.00 X X 0 0 0 BARBARA JANE KAPLAN DIRECTOR 2.00 X 0 0 0 LYNN MEERS DIRECTOR 2.00 X 0 0 0 RUSSELL SHELTON DIRECTOR 2.00 X 0 0 0 GLENN GAINES DIRECTOR 2.00 X 0 0 0 KELLY MCBRAYER DIRECTOR 2.00 X 0 0 0 RALPH RAMSEY DIRECTOR 2.00 X 0 0 0 JAMYE CAPPADONNA DIRECTOR 2.00 X 0 0 0 JAN CASON DIRECTOR 2.00 X 0 0 0 RYAN GIBSON DIRECTOR 2.00 X 0 0 0 PHILIP PRICE DIRECTOR 2.00 X 0 0 0 GERALD R JAMES JR PRESIDENT/CEO 40.00 X 297085 0 56475 BOB GAGE SENIOR VICE PRESIDENT 40.00 X 207648 0 48922 LANDON YEAGER CHIEF FINANCIAL OFFICER 40.00 X 191500 0 34108 702168 0 139505 3 0 1 0 BAPTIST GENERAL CONVENTION OF TEXAS 7557 RAMBLER PARK ROAD SUITE 1100 DALLAS TX 75231 GOLF TOURNAMENT SPONSOR & REIMBURSEMENTS 163122 THE TRADE GROUP 2900 GENESIS WAY SUITE 100 GRAPEVINE TX 76051 SHIPPING, HANDLING, CONVENTION DISPLAY 134970 2 INTEREST REVENUE ON LO 525990 6237576 6237576 LATE FEES/NSF FEES 525990 14106 14106 6251682 112167 112167 36649 0 36649 36649 36649 6400498 6288331 0 112167 788190 633072 155118 521029 416823 104206 16051 12841 3210 67701 54161 13540 74581 59665 14916 3030 3030 32025 32025 209857 172612 37245 157032 125626 31406 47993 38394 9599 11450 9160 2290 1326148 1326148 86116 68893 17223 49823 39858 9965 MINISTRY DEVELOPMENT 263588 210870 52718 DATA PROCESSING 83979 67183 16796 MISCELLANEOUS 69396 55517 13879 3807989 3293853 514136 0 11481575 7125776 148771 149379 341527 402970 129044500 158035562 91388 78900 604037 362034 232893 242003 10140083 550792 0 1415508 151480737 168000890 288753 283244 33426746 45424616 0 1415508 33715499 47123368 X 117765238 120877522 117765238 120877522 151480737 168000890 X 2592509 519775 X 0 1 X 1 0 X X 1 BAPTIST GENERAL CONVENTION OF TEXAS 750904042 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: THE SUPPORTING AND SUPPORTED ORGANIZATIONS DO NOT SHARE ANY BOARD MEMBERS, HOWEVER THE SUPPORTED ORGANIZATION ELECTS 1/3 OF THE BOARD FOR THE SUPPORTING ORGANIZATION. IN ADDITION, UPON DISSOLUTION OF THE SUPPORTING ORGANIZATION, ASSETS WILL BE DISTRIBUTED TO THE SUPPORTED ORGANIZATION. 61094 308 61402 60788 306 61094 60174 614 60788 60146 28 60174 59379 580 187 60146 0.40000 0.60000 0 0 102805 80242 22563 367115 243708 123407 134117 38084 96033 242003 OPERATING LEASE LIABILITY 1415508 1415508 X 5594120 -806378 -806378 6400498 0 6400498 2481839 0 2481839 1326150 1326150 3807989 PART X, LINE 2: THE COMPANY IS EXEMPT, UNDER INTERNAL REVENUE CODE (CODE) SECTION 501(C)(3), FROM FEDERAL AND STATE INCOME TAXES. THE COMPANY HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. COMPANY MANAGEMENT CONSIDERED THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY, OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES, RELATED TO EVENTS THAT ARE MORE LIEKLY THAN NOT TO OCCUR. THIS INCLUDES CHANGES TO THE COMPANY'S STATUS AS A NONPROFIT ENTITY. MANAGEMENT BELIEVES THE COMPANY MET THE REQUIREMENTS TO MAINTAIN ITS STATUS AS A NONPROFIT ENTITY. THE COMPANY ALSO BELIEVES IT HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). AS A RESULT, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE COMPANY EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2023 AND 2022. THE COMPANY IS NOT SUBJECT TO EXAMINATIONS FOR INCOME TAXES FILED BEFORE 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED ON AUDIT -1,326,148. CREDIT PROVISION FOR LOAN LOSSES NETTED ON AUDIT 519,770. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED ON AUDIT 1,326,148. ROUNDING 2. PART V IN NOVEMBER 1998, THE CORPORATION ESTABLISHED THE BRUCE W BOWLES SPECIAL NEEDS CHURCH FUND (THE "FUND") TO HONOR MR. BOWLES FOR 25 YEARS OF SERVICE TO THE CORPORATION. THE PURPOSE OF THE FUND IS TO MAKE FUNDS AVAILABLE TO ASSIST CHURCHES IN SITUATIONS WHERE A CHURCH CAN NEITHER AFFORD TO BORROW, NOR OTHERWISE RAISE FUNDS FOR AN URGENT NEED. FUND EARNINGS MAY BE DISBURSED FROM THE FUND AS DETERMINED BY A THREE-PERSON COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS, HOWEVER THE CORPUS MAY BE USED ONLY IN AN AMOUNT PREVIOUSLY APPROVED BY THE BOARD OF DIRECTORS. THERE WERE NO GRANTS DURING THE FISCAL YEAR ENDED JUNE 30, 2023. X X X X 0 0 0 0 0 0 0 0 0 GERALD R JAMES JR PRESIDENT/CEO 268216 0 22798 0 6071 0 40232 0 16243 0 353560 0 0 0 BOB GAGE SENIOR VICE PRESIDENT 184392 0 13829 0 9427 0 27659 0 21263 0 256570 0 0 0 LANDON YEAGER CHIEF FINANCIAL OFFICER 172224 0 12917 0 6359 0 22389 0 11719 0 225608 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS NO MEMBERS, BUT THE BAPTIST GENERAL CONVENTION OF TEXAS ELECTS 1/3 OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE SVP/FINANCE & ADMINISTRATION AND THE PRESIDENT/CEO REVIEW THE FORM 990 WITH THE CPA FIRM THAT PREPARED THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR IS REQUIRED TO SIGN THE CONFLICT OF INTEREST AND CODE OF CONDUCT POLICY, ACKNOWLEDGING THAT THEY ARE IN COMPLIANCE UPON JOINING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE PRESIDENT/CEO PROVIDES A SCHEDULE LISTING EACH OF THE CORPORATE OFFICERS' SALARY, BENEFITS, ANNUITY CONTRIBUTIONS, AND COMPARABLE SALARY DATA TO THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS. UPON MOTION FROM THE NOMINATING COMMITTEE, THE BOARD OF DIRECTORS MUST APPROVE THE SALARIES OF THE FOLLOWING: CHAIRMAN OF THE BOARD, VICE PRESIDENT, PRESIDENT/CEO, SENIOR VP/SECRETARY, VP/CONTROLLER/TREASURER, EMERGENCY OFFICERS AND EXECUTIVE COMPENSATION. THE PRESIDENT PROVIDED THE NOMINATING COMMITTEE WITH A SALARY SURVEY PERFORMED BY A BANK COMPENSATION CONSULTING FIRM. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS AVAILABLE ON GUIDESTAR. FORM 990, PART XI, LINE 9: ROUNDING 3. PROVISION FOR LOAN LOSS 519,772. BAPTIST GENERAL CONVENTION OF TEXAS 7557 RAMBLER PARK RD STE 1200 DALLAS TX 75231 756044885 SUPPORT BAPTIST CHURCHES TX 501(C)(3) LINE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 BAPTIST GENERAL CONVENTION OF TEXAS P 163122 CASH