Civic Intelligence

First Baptist Church of Covington Foundation Inc.

990 • Fiscal year 2014 • EIN 20-1802562

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 23, 2015

416 Gathing AveCovington, TX 76636

(254) 854-2244

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

53rd percentile

4.3%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

53rd percentile

3.6%

Faster asset growth than 53% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

47th percentile

-0.1%

Faster revenue growth than 47% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$352,947

Up $12,260 (+3.6%) from 2013

Net Assets

Up

$352,947

Up $12,260 (+3.6%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$284,787

Down $320 (-0.1%) from 2013

Expenses

Down

$272,527

Down $367,727 (-57%) from 2013

Net Income

Up

$12,260

Up $367,407 (+103%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,019,361Liabilities 2011: $0Net Assets 2011: $1,019,3612011Assets 2012: $695,834Liabilities 2012: $0Net Assets 2012: $695,8342012Assets 2013: $340,687Liabilities 2013: $0Net Assets 2013: $340,6872013Assets 2014: $352,947Liabilities 2014: $0Net Assets 2014: $352,9472014Assets 2015: $410,124Liabilities 2015: $0Net Assets 2015: $410,1242015Assets 2016: $420,797Liabilities 2016: $23Net Assets 2016: $420,7742016Assets 2017: $471,561Liabilities 2017: $147Net Assets 2017: $471,4142017Assets 2018: $509,140Liabilities 2018: $189Net Assets 2018: $508,9512018Assets 2019: $564,481Liabilities 2019: $0Net Assets 2019: $564,4812019Assets 2020: $548,719Liabilities 2020: $369Net Assets 2020: $548,3502020Assets 2021: $567,803Liabilities 2021: $0Net Assets 2021: $567,8032021Assets 2022: $642,566Liabilities 2022: $4,443Net Assets 2022: $638,1232022Assets 2023: $728,749Liabilities 2023: $131Net Assets 2023: $728,6182023Assets 2024: $720,527Liabilities 2024: $1,128Net Assets 2024: $719,3992024

Highlighted filing

2014

Assets$352,947
Liabilities$0
Net Assets$352,947

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $308,112Expenses 2011: $351,216Net Income 2011: -$43,1042011Revenue 2012: $307,124Expenses 2012: $630,651Net Income 2012: -$323,5272012Revenue 2013: $285,107Expenses 2013: $640,254Net Income 2013: -$355,1472013Revenue 2014: $284,787Expenses 2014: $272,527Net Income 2014: $12,2602014Revenue 2015: $286,635Expenses 2015: $229,458Net Income 2015: $57,1772015Revenue 2016: $290,560Expenses 2016: $279,910Net Income 2016: $10,6502016Revenue 2017: $294,026Expenses 2017: $243,386Net Income 2017: $50,6402017Revenue 2018: $299,095Expenses 2018: $261,558Net Income 2018: $37,5372018Revenue 2019: $305,491Expenses 2019: $249,961Net Income 2019: $55,5302019Revenue 2020: $308,477Expenses 2020: $324,608Net Income 2020: -$16,1312020Revenue 2021: $311,132Expenses 2021: $291,677Net Income 2021: $19,4552021Revenue 2022: $322,412Expenses 2022: $252,092Net Income 2022: $70,3202022Revenue 2023: $381,589Expenses 2023: $291,094Net Income 2023: $90,4952023Revenue 2024: $446,080Expenses 2024: $455,298Net Income 2024: -$9,2182024

Highlighted filing

2014

Revenue$284,787
Expenses$272,527
Net Income$12,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 23, 2015
Return Version
2014v5.0
Gross Receipts
$284,787
Mission and Program Overview

Mission

To enhance the ministries and facilities of First Baptist Church of Covington, Texas, to provide benefits to needy members of the community, scholarship assistance to deserving young people in the community, and for the maintenance of the Covington cemetery grounds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$290,687$302,947▲ $12,260
Savings and Temporary Cash Investments$50,000$50,000→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$340,687$352,947▲ $12,260
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$340,687$352,947▲ $12,260
Total Net Assets Fund Balance$340,687$352,947▲ $12,260
Total Liabilities and Net Assets / Fund Balance$340,687$352,947▲ $12,260
Compensation and Service Providers

Board Members and Trustees

NameTitle
James JoyChairman Deacon
Avelino MartinezPresident
Toni ShanksVice President
Anita DanielTrustee
Jane PatrickTrustee
Joe KendallTrustee
Margaret WaitsTrustee
Terry BryantTrustee
Eric BlackPastor
Margaret LopezSecretary
Kathy M DunnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$284,787
Other Revenue
$0
Change in Net Assets
$12,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$272,228
Salaries, Compensation, and Employee Benefits$299
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$227,668--$227,668
Grants to Domestic Individuals$44,560--$44,560
Other Salaries and Wages$299--$299
Total Functional Expenses$272,527$0$0$272,527
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
First Baptist Church of CovingtonCovington, TX-Capital improvements to the Church, missions and benevolenc$205,981
City of CovingtonCovington, TX-Purchase Tractor$21,687
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The First Baptist Church of Covington is the sole member.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was prepared by an outside accountant and made available for review by the Board of Directors at the Foundation's office. No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Public disclosure of governing documents is available at the business office of the First Baptist Church in Covington.

Filing and Contact Details

Filer

Filer Name
First Baptist Church of Covington
EIN
20-1802562
Phone
2548542244
Address
416 Gathing Ave, Covington, TX 76636

Signing Officer

Name
Kathy M Dunn
Title
Treasurer
Signed
2015-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Avelino Martinez
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Michael R Bowles CPA
Address
1512 Crestridge Dr, Cleburne, TX 76033
Preparer
Michael R Bowles
Phone
8176410453
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: To assist students in school to become good students and good citizens by providing facilities or programs that are not otherwise provided for in the Covington schools operating budget. OTHER PROGRAM SERVICES 5: To provide funds for the improvements to the community of Covington, Texas as a whole.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt012260
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050000
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/SupportedOrganizationsCnt04
IRS990ScheduleA/SupportedOrganizationsTotalCnt04
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0742974489
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1742196981
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2746000633
IRS990ScheduleA/SupportedOrgInformationGrp/EIN3741872379
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd2true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd3true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0Church
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc1Cemetery
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc2Public School
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc3City
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0205983
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt321687
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0First Baptist Church of Covington
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Covington Cemetery Association
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2Covington Independent School Distri
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3City of Covington
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0227670
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt036979
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt17581
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships awarded to Covington graduates.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Food, housing, utilities, medical, transportation and other.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt031
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt145
IRS990ScheduleI/RecipientTable/CashGrantAmt021687
IRS990ScheduleI/RecipientTable/CashGrantAmt1205981
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Purchase Tractor
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Capital improvements to the Church, missions and benevolenc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0City of Covington
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1First Baptist Church of Covington
IRS990ScheduleI/RecipientTable/RecipientEIN0741872379
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0402 Gathings Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1416 Gathing Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Covington
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Covington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076636
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd176636
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Covington Cemetery Association is exempt under IRC Section 501(c)(13). Therefore the Foundation exercises expenditure responsibility to ensure that the funds given to or on behalf of the Cemetery Association are used for exempt purposes.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1Physical observation and monitoring of the use of the funds, which are awarded for specific purposes or projects.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: To assist students in school to become good students and good citizens by providing facilities or programs that are not otherwise provided for in the Covington schools operating budget. OTHER PROGRAM SERVICES 5: To provide funds for the improvements to the community of Covington, Texas as a whole.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The First Baptist Church of Covington is the sole member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 was prepared by an outside accountant and made available for review by the Board of Directors at the Foundation's office. No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Public disclosure of governing documents is available at the business office of the First Baptist Church in Covington.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0340687
IRS990/TotalAssetsEOYAmt0352947
IRS990/TotalAssetsGrp/BOYAmt0340687
IRS990/TotalAssetsGrp/EOYAmt0352947
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0272527
IRS990/TotalFunctionalExpensesGrp/TotalAmt0272527
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0340687

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.00$0.72$0.45$0.46$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.00$0.73$0.38$0.29$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.32$0.25$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.00$0.57$0.31$0.29$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.55$0.31$0.32$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.00$0.56$0.31$0.25$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.51$0.30$0.26$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.29$0.24$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$0.29$0.28$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.00$0.41$0.29$0.23$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.28$0.27$0.01
2013Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$0.29$0.64$0.36
2012Summary only. Only limited summary data is available for this year.$0.70$0.00$0.70$0.31$0.63$0.32
2011Summary only. Only limited summary data is available for this year.$1.02$0.00$1.02$0.31$0.35$0.04