BAPTIST FAITH MISSION INC

EIN: 386062107 501(c)(3) Religion

CINCINNATI, OH

Total Revenue
$783,406
Total Expenses
$775,056
Total Assets
$835,234
Net Assets
$835,234
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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
KY
Principal Officer
PHILIP DUBARRY
Phone
5136730889
Tax Period
2024-01-01 to 2024-12-31

BAPTIST FAITH MISSION INC, founded in 1943, is a small nonprofit in the Religion sector that reported $783K in total revenue in fiscal year 2024.

Mission

"GO INTO ALL THE WORLD AND PREACH THE GOSPEL TO EVERY CREATURE." THE PURPOSE OF BAPTIST FAITH MISSIONS IS TO ASSIST BAPTIST CHURCHES TO SEND GOD-CALLED MISSIONARIES TO FULFILL DISCIPLE-MAKING, CHURCH-PLANTING MISSIONS IN THE NATIONS OF THE WORLD. WE BELIEVE THAT "ESSENTIAL GREAT COMMISSION MISSIONS" IS TO "MAKE DISCIPLES OF ALL THE NATIONS" BY PREACHING THE GOSPEL, EVANGELIZING, BAPTISING DISCIPLES, ESTABLISHING BAPTIST CHURCHES, AND TRAINING THE DISCIPLES TO OBEY EVERYTHING THAT OUR LORD JESUS CHRIST HAS COMMANDED.

Program Service Accomplishments

Program 1
Expenses: $773,595

DURING 2024 - SEVEN MISSIONARY FAMILIES PREACHED THE GOSPEL, ASSISTED THE NEEDY IN MANY WAYS, CONDUCTED HUNDREDS OF BIBLE STUDIES, BAPTIZED SCORES OF NEW BELIEVERS, AND ESTABLISHED CHURCHES IN FOUR...

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DURING 2024 - SEVEN MISSIONARY FAMILIES PREACHED THE GOSPEL, ASSISTED THE NEEDY IN MANY WAYS, CONDUCTED HUNDREDS OF BIBLE STUDIES, BAPTIZED SCORES OF NEW BELIEVERS, AND ESTABLISHED CHURCHES IN FOUR NATIONS AROUND THE WORLD: BRAZIL, PERU, FRANCE, AND KENYA. STATESIDE, WE HAVE CONDUCTED FOUR MISSIONS CONFERENCES OVER THE COURSE OF THE YEAR TO GATHER OUR SUPPORTERS TOGETHER AND UPDATE THEM ON THE MINISTRIES AND SERVICE OF THEIR MISSIONARIES WHOM THEY SUPPORT, ENCOURAGE THEM IN THEIR CONTINUED CONTRIBUTIONS TO THE NEEDS OF THEIR MISSIONARIES, AND GIVE ACCOUNT TO THEM FOR THE DISTRIBUTION AND USE OF THE CONTRIBUTIONS THEY HAVE GIVEN. IN ADDITION TO OUR HOSTING OUR OWN CONFERENCES, WE HAVE ALSO EXPANDED THE OUTREACH OF BAPTIST FAITH MISSIONS BY ATTENDING AND HOSTING EXHIBITS AT A NUMBER OF NATIONAL AND REGIONAL CONFERENCES SUCH AS FOUNDERS MINISTRIES, G3 MINISTRIES, DETROIT BAPTIST THEOLOGICAL SEMINARY, CEDARVILLE COLLEGE, AND COVENANT BAPTIST THEOLOGICAL SEMINARY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $745,007
Program Service Revenue $0
Investment Income $38,399
Other Revenue $0
TOTAL REVENUE $783,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $197,248
Fundraising Expenses $0
Program Expenses $773,595
Other Expenses $577,808
TOTAL EXPENSES $775,056

Year-over-Year Comparison

2024 2023 Change
Revenue $783,406 $813,604 0.0%
Expenses $775,056 $838,286 -0.1%
Net Income $8,350 $-24,682 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
17
Independent Members
14
Employees
2
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
4
$31,800
Total Directors
17
$31,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE PARKS EXEC. SECRET N/A
Officer Director
$0 $0 $0
RANDY JONES DIRECTOR N/A
Director
$0 $0 $0
GEORGE SLEDD TREASURER N/A
Officer Director
$9,000 $0 $9,000
TERRY ADKINS DIRECTOR N/A
Director
$0 $0 $0
HAROLD DRAPER DIRECTOR N/A
Director
$0 $0 $0
DAN HILLARD DIRECTOR N/A
Director
$0 $0 $0
KENNY HURST DIRECTOR N/A
Director
$0 $0 $0
DARRELL MESSER DIRECTOR N/A
Director
$0 $0 $0
BENTON GLOVER DIRECTOR N/A
Director
$0 $0 $0
PHILIP DUBARRY EXEC. SECRET 40.00
Officer Director
$22,800 $0 $22,800
DAVID PITMAN PRESIDENT N/A
Officer Director
$0 $0 $0
STEVE WAINRIGHT DIRECTOR N/A
Director
$0 $0 $0
DAVID MITCHELL DIRECTOR N/A
Director
$0 $0 $0
SHERIDAN STANTON DIRECTOR N/A
Director
$0 $0 $0
JONATHAN TURNER DIRECTOR N/A
Director
$0 $0 $0
MARK PYLES DIRECTOR N/A
Director
$0 $0 $0
PAUL HATCHER 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 $783,406 $775,056 $835,234 $8,350
2023 $813,604 $838,286 $826,884 $-24,682
2022 $848,892 $865,244 $844,110 $-16,352
2021 $827,141 $768,814 $984,279 $58,327
2020 $835,663 $743,193 $925,952 $92,470
2019 $705,132 $733,954 $1,037,270 $-28,822
2018 $693,666 $464,600 $1,365,912 $229,066
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