FIRST BAPTIST CHURCH ENDOWMENT FUND INCORPORATED

EIN: 540858196 501(c)(3)

RICHMOND, VA

Total Revenue
$3,267,043
Total Expenses
$2,732,131
Total Assets
$28,942,956
Net Assets
$28,850,431
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
VA
Principal Officer
JAMES W NORVELLE
Phone
8043558637
Tax Period
2025-01-01 to 2025-12-31

FIRST BAPTIST CHURCH ENDOWMENT FUND INCORPORATED, founded in 1912, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $535K, a strong 16% operating margin.

Mission

TO PROVIDE HELP & SUPPORT TO THE MINISTRIES OF FIRST BAPTIST CHURCH, THE COMMUNITY,STATE, NATIONAL AND INTERNATIONAL MISSIONS.

Program Service Accomplishments

Program 1
Expenses: $2,452,811

THE ENDOWMENT PROVIDES GRANTS TO VARIOUS ORGANIZATIONS FOR RELIGIOUS, EDUCATIONAL, AND HUMANITARIAN AID.

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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 (2025)

Revenue Breakdown

Contributions & Grants $358,588
Program Service Revenue $0
Investment Income $2,918,530
Other Revenue $-10,075
TOTAL REVENUE $3,267,043

Expense Breakdown

Grants Paid $2,452,811
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,452,811
Other Expenses $279,320
TOTAL EXPENSES $2,732,131

Year-over-Year Comparison

2025 2024 Change
Revenue $3,267,043 $3,480,761 -0.1%
Expenses $2,732,131 $4,431,452 -0.4%
Net Income $534,912 $-950,691 -1.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIE ALLRED DIRECTOR N/A
Director
$0 $0 $0
LESLIE BEALE DIRECTOR N/A
Director
$0 $0 $0
KIM O BOYS TREASURER N/A
Officer Director
$0 $0 $0
SHANNON HARTON DIRECTOR N/A
Director
$0 $0 $0
LINN P KRECKMAN DIRECTOR N/A
Director
$0 $0 $0
MARK LARSON PRESIDENT N/A
Director
$0 $0 $0
MICHAEL LIPFORD DIRECTOR N/A
Director
$0 $0 $0
JAMES E MARKHAM DIRECTOR N/A
Director
$0 $0 $0
BURTON M MARSHALL DIRECTOR N/A
Director
$0 $0 $0
JAMES W NORVELLE PRESIDENT N/A
Officer Director
$0 $0 $0
MARY OVERHOLSER DIRECTOR N/A
Director
$0 $0 $0
SHEARER PETTIGREW DIRECTOR N/A
Director
$0 $0 $0
JULIA O SCOTT DIRECTOR N/A
Director
$0 $0 $0
L LEE STEPHENSON SECRETARY N/A
Officer Director
$0 $0 $0
CHARLES TILLEY 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
2025 $3,267,043 $2,732,131 $28,942,956 $534,912
2024 No data No data No data No data
2023 $2,979,139 $2,413,410 $29,339,629 $565,729
2022 $3,532,542 $1,814,156 $29,944,544 $1,718,386
2021 $4,906,214 $1,888,771 $28,168,962 $3,017,443
2020 $1,989,371 $1,499,354 $24,958,374 $490,017
2019 $1,738,846 $1,699,598 $24,298,505 $39,248
2018 $3,043,322 $2,175,640 $24,124,956 $867,682
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