Overview
What is Lakeshore Avenue Baptist Church Foundation Inc?
Lakeshore Avenue Baptist Church Foundation Inc is a nonprofit organization located at 3534 Lakeshore Ave, Oakland, CA 94610. Their primary mission is to manage the investments of Lakeshore Avenue Baptist Church (LABC), ensuring the church's financial sustainability for future programs and ministries. The foundation receives donations, memorials, and bequests, which they invest to generate income and increase in value. This income is then re-invested, providing long-term financial support for LABC's future needs. The quarterly distributions from the foundation's investments are allocated to LABC's ministries and operations, benefiting all church members. The foundation's activities primarily focus on investment management, ensuring the church's financial stability and growth for generations to come.
Official website here: www.labcoakland.org
Is Lakeshore Avenue Baptist Church Foundation Inc legitimate?
Lakeshore Avenue Baptist Church Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeshore Avenue Baptist Church Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.labcoakland.org
What is the mission statement of Lakeshore Avenue Baptist Church Foundation Inc?
The Lakeshore Avenue Baptist Church Foundation Inc's primary role is to manage the investments of Lakeshore Avenue Baptist Church (LABC). The foundation receives donations, bequests, and memorials, which are then invested. The generated income and appreciated value from these investments are reinvested for future support of LABC's needs and programs. The foundation's funds contribute to the church's quarterly distribution of $3,250 for ministries and operations. This financial management ensures the church's mission and ministries are sustained into the future.
Official website here: www.labcoakland.org
Who is the CEO of Lakeshore Avenue Baptist Church Foundation Inc?
Mark Wilson is the President of Lakeshore Avenue Baptist Church Foundation Inc.
Official website here: www.labcoakland.org
What is the revenue of Lakeshore Avenue Baptist Church Foundation Inc?
Lakeshore Avenue Baptist Church Foundation Inc's revenue in 2022 was $46,927.
Official website here: www.labcoakland.org
Who are the executives of Lakeshore Avenue Baptist Church Foundation Inc and what are their salaries?
- Mark Wilson (President) [Trustee/Director]
- Roehl Cinco (Treasurer) [Trustee/Director]
- Gloria Meads (Trustee)
- Barbara Bowman (Trustee)
- Leon Taylor (Trustee)
- Sheila Sims (Trustee)
- H James Hopkins (Senior Pastor) [Trustee/Director]
Official website here: www.labcoakland.org
Where can I find the form 990 for Lakeshore Avenue Baptist Church Foundation Inc?
The Lakeshore Avenue Baptist Church Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.labcoakland.org
Learn more at the official website: www.labcoakland.org
Mission Statement of Lakeshore Avenue Baptist Church Foundation Inc
Lakeshore Avenue Baptist Church Foundation Inc's primary mission is centered around managing investments that directly support the mission and various ministries of the Lakeshore Avenue Baptist Church (LABC). This foundation receives funds through bequests, memorials, and donations, and then strategically invests these resources. The objective is to generate income and appreciate the value of these investments over time. The long-term plan involves distributing funds derived from these investments to cater to the future needs and programs of the church. In simpler terms, the Lakeshore Avenue Baptist Church Foundation Inc plays a crucial role in ensuring the financial sustainability and growth of LABC's mission and ministries, ultimately benefiting all church members through fixed distributions for operations and programs.
Impact
This information is meant to be a general summary of Lakeshore Avenue Baptist Church Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, August 4, 2024
The Lakeshore Avenue Baptist Church Foundation Inc plays a crucial role in supporting the mission and ministries of the Lakeshore Avenue Baptist Church in Oakland, CA. By effectively managing investments and generating income, the foundation ensures a sustainable source of funding for the church's programs and operations. Through quarterly distributions and reinvestment strategies, the foundation helps to strengthen the church's financial foundation for the long term. This assistance ultimately benefits all members of the church community, enabling the continuance and growth of vital programs and services.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1985
Phone
(510) 893-2848
Principal Officer
Mark Wilson
Main Address
3534 Lakeshore Ave, Oakland, CA, 946102223
Website
www.labcoakland.org
NTEE Category
Code: X20 - Religion related
If you are a representative of Lakeshore Avenue Baptist Church Foundation Inc 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.