HISTORIC TABERNACLE BAPTIST CHURCH- SELMA AL LEGACY FOUNDATION

EIN: 825492969 501(c)(3) Arts, Culture & Humanities

SELMA, AL

Total Revenue
$476,168
Total Expenses
$331,539
Total Assets
$261,362
Net Assets
$261,362
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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
2018
Legal Domicile
AL
Principal Officer
VERDELL LETT DAWSON
Phone
3346522067
Tax Period
2024-01-01 to 2024-12-31

HISTORIC TABERNACLE BAPTIST CHURCH- SELMA AL LEGACY FOUNDATION, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $476K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 30% operating margin.

Mission

To preserve and prevent deterioration of the historic Classical Revival Architecture of the Tabernacle Baptist Church Edifice Building.1431 Broad ST- Selma, AL. Section 501(c) 3 or the internal revenue codes of 1986, and B. To preserve, promote, communicate, sustain and extend historic legacy of Historic Tabernacle Baptist Church-Selma, Al through research, education and informational activities that increase public awareness of Church's contribution to world progress through the National Baptist Convention, USA, INC. (1864-2013) and the National Voting Rights Movement (1963-1968) ; and C.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

none

Program 2
Expenses: $0 Revenue: $0

none

Program 3
Expenses: $0 Revenue: $0

none

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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 $460,107
Program Service Revenue $0
Investment Income $940
Other Revenue $15,121
TOTAL REVENUE $476,168

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $331,539
TOTAL EXPENSES $331,539

Year-over-Year Comparison

2024 2023 Change
Revenue $476,168 $256,430 +0.9%
Expenses $331,539 $150,202 +1.2%
Net Income $144,629 $106,228 +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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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
9
Independent Members
N/A
Employees
N/A
Volunteers
15

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
9
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CREAR DIRECTOR 3.00
Officer Director
$0 $0 $0
DR VERDELL LETT DAWSON CHAIRMAN 35.00
Officer Director
$0 $0 $0
KIRK CARRINGTON VICE-CHAIRMAN 10
Officer Director
$0 $0 $0
ROOSEVELT GOLDSBY TREASURER 20
Officer Director
$0 $0 $0
MARLA MOORE DIRECTOR 3
Officer Director
$0 $0 $0
RICKY AUSTIN SR FINANCIAL SECRETARY 3
Officer Director
$0 $0 $0
BRITTANT SOLOMON SECRETARY 3
Officer Director
$0 $0 $0
SARAH AGHEDO DIRECTOR 3
Officer Director
$0 $0 $0
AARON ROPER DIRECTOR 3
Officer 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 $476,168 $331,539 $261,362 $144,629
2023 $256,430 $150,202 $124,853 $106,228
2022 $117,457 $34,677 $72,086 $82,780
2021 $37,239 $26,800 $29,232 $10,439
2020 $74,945 $63,445 $25,425 $11,500
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