PRIMITIVE BAPTIST SCHOLARSHIP FOUNDATION INC

EIN: 263834679 501(c)(3) Education

STATESBORO, GA

Total Revenue
$24,617
Total Expenses
$63,297
Total Assets
$757,188
Net Assets
$757,188
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
GA
Principal Officer
BAMA NEWMAN
Phone
9126902301
Tax Period
2023-01-01 to 2023-12-31

PRIMITIVE BAPTIST SCHOLARSHIP FOUNDATION INC, founded in 2008, is a micro nonprofit in the Education sector that reported $25K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 157% operating deficit.

Mission

PROVIDE SCHOLARSHIP FUNDS TO COLLEGE STUDENTS WHO DEMOSTRATE FINANCIAL NEED & PROMOTE THE PRIMITIVE BAPTIST RELIGIOUS FAITH & MAINTAIN HIGH ETHICAL & MORAL FOUNDATIONS. FUNDS ARE PAID DIRECTLY TO COLLEGES & MAY BE USED FOR ANY COLLEGE RELATED EXPENSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,316
Program Service Revenue $0
Investment Income $-6,699
Other Revenue $0
TOTAL REVENUE $24,617

Expense Breakdown

Grants Paid $52,200
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $63,297
Other Expenses $11,097
TOTAL EXPENSES $63,297

Year-over-Year Comparison

2023 2022 Change
Revenue $24,617 $59,172 -0.6%
Expenses $63,297 $60,663 +0.0%
Net Income $-38,680 $-1,491 +24.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRI DOLLAR DIRECTOR N/A
Director
$0 $0 $0
SHERRY FARR DIRECTOR N/A
Director
$0 $0 $0
ELDER STEVE FLOWERS DIRECTOR N/A
Director
$0 $0 $0
ROSE MARY GEE ASSIST. SEC. N/A
Officer Director
$0 $0 $0
BAMA NEWMAN SECRETARY-TR N/A
Officer Director
$0 $0 $0
ELDER MIKE NEWMAN DIRECTOR N/A
Director
$0 $0 $0
HARRY N PARK CHAIRMAN N/A
Officer Director
$0 $0 $0
DEE DEE PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
SARAH RAPILLARD DIRECTOR N/A
Director
$0 $0 $0
TANYA VANN DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $24,617 $63,297 $757,188 $-38,680
2022 No data No data No data No data
2021 $113,554 $65,151 $802,561 $48,403
2020 $62,926 $52,974 $696,746 $9,952
2019 $56,953 $56,501 $716,239 $452
2018 $62,174 $50,385 $635,538 $11,789
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