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New Mexico Baptist Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850158371 ✦ Albuquerque, NM ✦ Designated as a 501(c)(3)

Overview

What is New Mexico Baptist Foundation?

The New Mexico Baptist Foundation is a nonprofit organization dedicated to serving Baptist institutions, agencies, or enterprises, as well as benevolent, charitable, educational, or missionary undertakings. Located in Albuquerque, New Mexico, its primary goal is to support schools, hospitals, orphanages, and other enterprises operated by the Baptist Convention of New Mexico or the Southern Baptist Convention. The foundation aims to generate funds for kingdom causes worldwide and assists individuals, churches, and charities through the faithful stewardship of God's resources. It manages funds entrusted for the ongoing benefit of churches, missions, ministry, and charitable organizations. Additionally, the foundation offers resources for estate planning, charitable gift giving, endowment creation, scholarships, church finance, and compassion causes. With a team of 12 employees, the New Mexico Baptist Foundation seeks to fulfill its mission by providing support and guidance in various areas, ultimately benefiting the community and beyond.


Official website here: www.nmbf.com

Is New Mexico Baptist Foundation legitimate?

New Mexico Baptist Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Baptist Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $177,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $466,199

For more financial information, click here


Official website here: www.nmbf.com

What is the mission statement of New Mexico Baptist Foundation?

The New Mexico Baptist Foundation's mission is to generate funds for global kingdom causes. They are dedicated to assisting individuals, churches, and charities making a difference worldwide, through the responsible management of God's resources. The foundation manages funds entrusted for the continuous benefit of churches, missions, ministries, and charitable organizations. Additionally, it offers resources for estate planning, charitable gifting, endowment creation, scholarships, church finance, and compassionate causes.


Official website here: www.nmbf.com

Who is the CEO of New Mexico Baptist Foundation?

Rick Breeden is the President of New Mexico Baptist Foundation.


Official website here: www.nmbf.com

What is the revenue of New Mexico Baptist Foundation?

New Mexico Baptist Foundation's revenue in 2022 was $2,609,401.


Official website here: www.nmbf.com

Who are the executives of New Mexico Baptist Foundation and what are their salaries?

The average compensation at New Mexico Baptist Foundation during 2022 was $53,601. There are 12 employees at New Mexico Baptist Foundation.

Here are 12 key members and their salaries:

    Rick Breeden (President)
  • Compensation: $177,019
  • Related: $0
  • Other: $54,700

    • Charles Stockton (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ted With (Vice-Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Ewing (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Dean (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lewis Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Ballew (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randy Patterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carroll Vaughn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Loudat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Mccollum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Gomez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nmbf.com

    Where can I find the form 990 for New Mexico Baptist Foundation?

    The New Mexico Baptist Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nmbf.com

    Learn more at the official website: www.nmbf.com

    Mission Statement of New Mexico Baptist Foundation

    The New Mexico Baptist Foundation is dedicated to fulfilling its mission of generating funds for kingdom causes worldwide. This organization is committed to assisting individuals, churches, and charities making a significant impact globally, through the responsible management of God's resources. Beyond managing funds entrusted for the ongoing benefit of churches, missions, ministries, and charitable organizations, the foundation also offers resources for estate planning, charitable gifting, endowment creation, scholarships, church finance, and compassion causes.

    Impact

    This information is meant to be a general summary of New Mexico Baptist Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The New Mexico Baptist Foundation's impact is felt through its mission to generate funds for kingdom causes around the world. By assisting individuals, churches, and charities in impacting the world through the faithful stewardship of God's resources, the foundation plays a crucial role in supporting churches, missions, ministry, and charitable organizations. Additionally, the foundation provides resources for estate planning, charitable gifting, endowment creation, scholarships, church finance, and compassion causes. Through these efforts, the New Mexico Baptist Foundation significantly contributes to the advancement of benevolent, charitable, educational, and missionary activities within the Baptist community both locally and globally.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,036,292
  • Program Service Revenue: $956,346
  • Gross Receipts: $6,841,165

    • Assets and Liabilities:
  • Total Assets: $49,118,538
  • Total Liabilities: $37,874,573
  • Net Assets: $11,243,965
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TRUST MANAGEMENT

    Revenue

    $632,346

    MANAGEMENT SERVICES

    Revenue

    $324,000

    Organization Details

    Founding Year

    1948

    Principal Officer

    Rick Breeden

    Main Address

    PO BOX 16560, ALBUQUERQUE, NM, 87191

    NTEE Category

    Code: X21 - Religion related

    If you are a representative of New Mexico Baptist Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.