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Nonprofit · EIN 58-2029406

FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC

Tax-exempt (reinstated) · ATHENS, GA 30601

Financials

$42K$59K2022$31K$21K2023
Revenue Expenses · by fiscal year end
Financials of FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2024990$30,614$21,030$9,584$1,564,780$0$1,564,780
September 30, 2023990$41,836$59,054-$17,218$1,274,780$1$1,274,779
Financial details: 990 for the year ended September 30, 2024

Revenue

Contributions, gifts and grants
$250
Program service revenue
$0
Investment income
$30,364
Other revenue
$0

Expenses

Grants and similar amounts paid
$13,433
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$600
Program services (functional)
$13,433
Management and general (functional)
$7,597

Balance sheet and other

Total assets, start of year
$1,274,780
Total assets, end of year
$1,564,780
Total liabilities, end of year
$0
Net assets, end of year
$1,564,780
Publicly traded securities
$1,562,895
Net assets without donor restrictions
$1,564,780
Gross receipts
$30,614
Employees
0
Year formed
1992
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
GARY BLASINGAMETreasurer
Trustee or director
6$0
CYNTHIA HAYGOODSecretary
Trustee or director
2$0
ROBERT BURTONDirector
Trustee or director
2$0
WILSON DENNEYFIN COMM REP
Trustee or director
2$0
MARK SANDERS VIDirector
Trustee or director
2$0
JIMMY THOMASONPresident
Trustee or director
2$0
990 for the year ended September 30, 2023: 6 people
NameTitleHours / weekCompensation
GARY BLASINGAMETreasurer
Trustee or director
6$0
CYNTHIA HAYGOODSecretary
Trustee or director
2$0
ROBERT BURTONDirector
Trustee or director
2$0
WILSON DENNEYFIN COMM REP
Trustee or director
2$0
MARK SANDERS VIDirector
Trustee or director
2$0
JIMMY THOMASONPresident
Trustee or director
2$0

Address and contacts

Address (IRS master file)
355 PULASKI ST, ATHENS, GA 30601-2816
In care of
% KENT CHAPMAN
Signed the 990
JIMMY THOMASON, President
Phone
(706) 548-1359
Return prepared by
TURNER AND PATAT PC

Mission

THE PURPOSE OF THE FOUNDATION IS TO RECEIVE AND ADMINISTER GIFTS AND BEQUESTS MADE TO THE FIRST BAPTIST CHURCH OF ATHENS, GEORGIA. THE ACTIVITIES OF THE FOUNDATION ARE CENTERED AROUND THE MAINTENANCE AND DISBURSEMENT OF ITS VARIOUS FUNDS FOR CHARITABLE AND RELIGIOUS PURPOSES.

990 for the year ended September 30, 2024

Program accomplishments

  • THE FIRST BAPTIST CHURCH OF ATHENS FOUNDATION SPENDS FUNDS FOR THIS PROGRAM ON ANY TYPE OF HOME OR FOREIGN MISSIONS ORGANIZATION, OR MINISTERIAL, EDUCATIONAL, OR GENERAL CHARITY. THIS PROGRAM ALSO ALLOWS THE FOUNDATION TO SPEND FUNDS TO HELP ALLEVIATE TEMPORARY HARDSHIPS OF A FINANCIAL, MEDICAL, OR OTHER NATURE. EXAMPLES INCLUDE PAYING A MORTGAGE PAYMENT, HEAT BILL, OR MEDICAL BILL FOR AN INDIVIDUAL IN NEED OF TEMPORARY HELP.
    Expenses $10,000
  • THE SCHOLARSHIP PROGRAM PROVIDES TWO DIFFERENT TYPES OF SCHOLARSHIPS. ONE SCHOLARSHIP IS INTENDED TO PROVIDE A SCHOLARSHIP FOR A STUDENT PURSUING STUDIES IN CHURCH MUSIC. TWO ADDITIONAL SCHOLARSHIPS ARE PROVIDED TO HIGH SCHOOL SENIORS WHO ARE PURSUING FUTHER EDUCATION.
    Expenses $3,433
  • THIS FOUNDATION PROGRAM IS FOR THE REPAIR, MAINTENANCE, AND UPKEEP OF THE CHURCH PROPERTY. FUNDS ARE ALSO USED FOR CONSTRUCTION, PURCHASE OF NEW EQUIPMENT, REPLACEMENT OR REMODELING OF OBSOLETE BUILDINGS AND EQUIPMENT, IMPROVEMENT OF GROUNDS AND SUSIDIZING BUDGETED OPERATIONS OF THE CHURCH.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026Not on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
58-2029406
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2014
Accounting year ends
September
Files
Form 990-N (e-Postcard)
Category (NTEE)
Religion-related (X19)
Assets (IRS master file)
$1,564,780
Income (IRS master file)
$30,614

Revocation and reinstatement

Exemption revoked
February 15, 2011
Posted by the IRS
October 7, 2011
Reinstated
Effective February 15, 2011

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2024$30,614$21,030$1,564,780XML
990September 2023$41,836$59,054$1,274,780XML
990September 2022$56,126$62,838$1,153,418IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2029406).

Questions about FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC

What is the EIN of FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC?
The employer identification number (EIN) of FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC is 58-2029406.
Is FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on February 15, 2011 and reinstated it effective February 15, 2011.
Are donations to FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2024.
Who are the officers and directors of FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC?
The 990 for the year ended September 30, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does FIRST BAPTIST CHURCH OF ATHENS FOUNDATION INC have?
On its 990 for the year ended September 30, 2024 it reported revenue of $30,614, expenses of $21,030 and total assets of $1,564,780 at year end.

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