NEW ORLEANS BAPTIST SEMINARY FOUNDATION

EIN: 726033670 501(c)(3) Education

NEW ORLEANS, LA

Total Revenue
$2,165,328
Total Expenses
$1,795,225
Total Assets
$28,704,243
Net Assets
$28,687,437
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
LA
Principal Officer
BRETT ALLEN
Phone
5048168577
Tax Period
2024-08-01 to 2025-07-31

NEW ORLEANS BAPTIST SEMINARY FOUNDATION, founded in 1963, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $370K, a strong 17% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF THE NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY AS A CHURCH SCHOOL FOR THE SOUTHERN BAPTIST CONVENTION PRIMARILY THROUGH ENDOWMENTS AND GIFTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $104,905
Program Service Revenue $0
Investment Income $2,060,423
Other Revenue $0
TOTAL REVENUE $2,165,328

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,783,365
Other Expenses $1,795,225
TOTAL EXPENSES $1,795,225

Year-over-Year Comparison

2024 2023 Change
Revenue $2,165,328 $2,433,919 -0.1%
Expenses $1,795,225 $1,761,598 +0.0%
Net Income $370,103 $672,321 -0.4%
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
83
Independent Members
83
Employees
N/A
Volunteers
181

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
5
$0
Total Directors
83
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS TOWNSON CHAIRMAN 0.30
Officer Director
$0 $0 $0
JERRY POUNDS VICE-CHAIRMAN 0.30
Officer Director
$0 $0 $0
BEN HUMPHRIES RECORDING SECRETARY 0.30
Officer Director
$0 $0 $0
LARRY LYON TREASURER 0.30
Officer Director
$0 $0 $0
DR MIKE WETZEL EXECUTIVE SECRETARY 0.30
Officer Director
$0 $0 $0
STEVE ADAMS BOARD MEMBER 0.10
Director
$0 $0 $0
ANN ALLEN BOARD MEMBER 0.10
Director
$0 $0 $0
RAY ALLEN BOARD MEMBER 0.10
Director
$0 $0 $0
CORY ARMAND BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID BAINS BOARD MEMBER 0.10
Director
$0 $0 $0
DR LAMAR BARDEN BOARD MEMBER 0.10
Director
$0 $0 $0
ALLAN BLACK BOARD MEMBER 0.10
Director
$0 $0 $0
LARRY BLACK BOARD MEMBER 0.10
Director
$0 $0 $0
RITA BLACK BOARD MEMBER 0.10
Director
$0 $0 $0
BOBBY C BRANNON BOARD MEMBER 0.10
Director
$0 $0 $0
BOB BROOKS BOARD MEMBER 0.10
Director
$0 $0 $0
DR DONNA BROOKS BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID BRUBAKER BOARD MEMBER 0.10
Director
$0 $0 $0
TOM CALLICUTT BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID CASTON BOARD MEMBER 0.10
Director
$0 $0 $0
MARLENE CHEATHAM BOARD MEMBER 0.10
Director
$0 $0 $0
GRADON CLEMONS BOARD MEMBER 0.10
Director
$0 $0 $0
NEAL CONDREY BOARD MEMBER 0.10
Director
$0 $0 $0
DR CLAY CORVIN BOARD MEMBER 0.10
Director
$0 $0 $0
GINGER CRESS BOARD MEMBER 0.10
Director
$0 $0 $0
JAMES E DAVISON SR BOARD MEMBER 0.10
Director
$0 $0 $0
JIM DAVISON JR BOARD MEMBER 0.10
Director
$0 $0 $0
ROBIN DAWSON BOARD MEMBER 0.10
Director
$0 $0 $0
DR EMILY DEAN BOARD MEMBER 0.10
Director
$0 $0 $0
DR JODY DEAN BOARD MEMBER 0.10
Director
$0 $0 $0
DR TOM DOBBINS BOARD MEMBER 0.10
Director
$0 $0 $0
BOB DONALDSON BOARD MEMBER 0.10
Director
$0 $0 $0
HORACE D EVANS BOARD MEMBER 0.10
Director
$0 $0 $0
TERRY EWING BOARD MEMBER 0.10
Director
$0 $0 $0
EDWARD GREER BOARD MEMBER 0.10
Director
$0 $0 $0
MACK GRUBBS BOARD MEMBER 0.10
Director
$0 $0 $0
VICKIE GRUBBS BOARD MEMBER 0.10
Director
$0 $0 $0
DOUG GUNN BOARD MEMBER 0.10
Director
$0 $0 $0
BEVERLY HALEY BOARD MEMBER 0.10
Director
$0 $0 $0
DR MIKE HALEY BOARD MEMBER 0.10
Director
$0 $0 $0
DR DAVID P HAMM BOARD MEMBER 0.10
Director
$0 $0 $0
BECKY HARRIS BOARD MEMBER 0.10
Director
$0 $0 $0
CINDY HARRISON BOARD MEMBER 0.10
Director
$0 $0 $0
DR TOM HARRISON BOARD MEMBER 0.10
Director
$0 $0 $0
JACK HUNTER CHAIRMAN 0.10
Director
$0 $0 $0
JOHNNY JERNIGAN BOARD MEMBER 0.10
Director
$0 $0 $0
BRETT JONES BOARD MEMBER 0.10
Director
$0 $0 $0
LISA JONES BOARD MEMBER 0.10
Director
$0 $0 $0
DR CHUCK KELLEY BOARD MEMBER 0.10
Director
$0 $0 $0
CAPT JIM LEE BOARD MEMBER 0.10
Director
$0 $0 $0
LUKE LEMOINE BOARD MEMBER 0.10
Director
$0 $0 $0
EVELYN C MAGEE BOARD MEMBER 0.10
Director
$0 $0 $0
WAYNE MAHNKER BOARD MEMBER 0.10
Director
$0 $0 $0
DR KEITH MANUEL BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID MARTIN BOARD MEMBER 0.10
Director
$0 $0 $0
FRAN MCCASKILL BOARD MEMBER 0.10
Director
$0 $0 $0
DR RON MCCASKILL BOARD MEMBER 0.25
Director
$0 $0 $0
DR JOE MCKEEVER BOARD MEMBER 0.10
Director
$0 $0 $0
DUSTIN MORRIS BOARD MEMBER 0.10
Director
$0 $0 $0
JIM PARRIE BOARD MEMBER 0.10
Director
$0 $0 $0
CHARLES PITMAN BOARD MEMBER 0.10
Director
$0 $0 $0
CINDY RAMSEY BOARD MEMBER 0.10
Director
$0 $0 $0
SCOTT RAMSEY BOARD MEMBER 0.10
Director
$0 $0 $0
SANDRA SHELL BOARD MEMBER 0.10
Director
$0 $0 $0
JAN SIMS BOARD MEMBER 0.10
Director
$0 $0 $0
MIKE SIMS BOARD MEMBER 0.10
Director
$0 $0 $0
DR LAWSON L SWEARINGEN JR BOARD MEMBER 0.10
Director
$0 $0 $0
LISA TRUSLER BOARD MEMBER 0.10
Director
$0 $0 $0
SEAN VEREEN BOARD MEMBER 0.10
Director
$0 $0 $0
JEFF VICTORY BOARD MEMBER 0.10
Director
$0 $0 $0
DR NANCY VICTORY BOARD MEMBER 0.10
Director
$0 $0 $0
DR PHIL WALTON BOARD MEMBER 0.10
Director
$0 $0 $0
KURT WAMSLEY BOARD MEMBER 0.10
Director
$0 $0 $0
DR BILL WARREN BOARD MEMBER 0.10
Director
$0 $0 $0
KATIE WARREN BOARD MEMBER 0.10
Director
$0 $0 $0
LAURIE WATTS BOARD MEMBER 0.10
Director
$0 $0 $0
DR MIKE WILBURN BOARD MEMBER 0.10
Director
$0 $0 $0
ERROL WILKEN BOARD MEMBER 0.10
Director
$0 $0 $0
CAROL A WILKEN BOARD MEMBER 0.10
Director
$0 $0 $0
GUY WILLIAMS JR BOARD MEMBER 0.10
Director
$0 $0 $0
DR DON WILTON BOARD MEMBER 0.10
Director
$0 $0 $0
FANNIE YIN BOARD MEMBER 0.10
Director
$0 $0 $0
DR TIMOTHY YIN BOARD MEMBER 0.10
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 $2,165,328 $1,795,225 $28,704,243 $370,103
2024 $2,433,919 $1,761,598 $28,932,165 $672,321
2023 $1,667,417 $1,409,889 $29,047,618 $257,528
2022 $5,069,422 $1,407,709 $29,076,409 $3,661,713
2021 $1,039,185 $1,793,022 $27,368,730 $-753,837
2020 $1,907,395 $1,449,415 $25,215,500 $457,980
2019 $1,605,960 $1,372,781 $26,556,812 $233,179
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