Civic Intelligence

Baptist Missionary Association Theological Seminary

990 • Fiscal year 2017 • EIN 75-0959996

Jun 01, 2016 to May 31, 2017 • Filed on Jan 22, 2018

P O Box 670Jacksonville, TX 75766

(903) 586-2501

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

44th percentile

1.1%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$104,382

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

46th percentile

2.1%

Faster asset growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-8.5%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,544,332

Up $52,116 (+2.1%) from 2016

Net Assets

Up

$2,502,530

Up $40,730 (+1.7%) from 2016

Liabilities

Up

$41,802

Up $11,386 (+37%) from 2016

Revenue

Down

$1,803,526

Down $166,968 (-8.5%) from 2016

Expenses

Down

$1,784,148

Down $102,413 (-5.4%) from 2016

Net Income

Down

$19,378

Down $64,555 (-77%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,418,019Liabilities 2012: $46,793Net Assets 2012: $2,371,2262012Assets 2013: $2,378,842Liabilities 2013: $17,718Net Assets 2013: $2,361,1242013Assets 2014: $2,579,167Liabilities 2014: $29,015Net Assets 2014: $2,550,1522014Assets 2015: $2,455,255Liabilities 2015: $64,071Net Assets 2015: $2,391,1842015Assets 2016: $2,492,216Liabilities 2016: $30,416Net Assets 2016: $2,461,8002016Assets 2017: $2,544,332Liabilities 2017: $41,802Net Assets 2017: $2,502,5302017Assets 2018: $2,576,098Liabilities 2018: $37,262Net Assets 2018: $2,538,8362018Assets 2019: $2,656,102Liabilities 2019: $50,595Net Assets 2019: $2,605,5072019Assets 2020: $3,003,820Liabilities 2020: $211,177Net Assets 2020: $2,792,6432020Assets 2021: $3,013,601Liabilities 2021: $30,036Net Assets 2021: $2,983,5652021Assets 2022: $2,836,010Liabilities 2022: $35,829Net Assets 2022: $2,800,1812022Assets 2023: $3,279,510Liabilities 2023: $57,901Net Assets 2023: $3,221,6092023Assets 2024: $3,575,016Liabilities 2024: $114,626Net Assets 2024: $3,460,3902024Assets 2025: $3,520,707Liabilities 2025: $59,786Net Assets 2025: $3,460,9212025

Highlighted filing

2017

Assets$2,544,332
Liabilities$41,802
Net Assets$2,502,530

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,603,0772012Expenses 2013: $1,590,6262013Revenue 2014: $1,869,127Expenses 2014: $1,680,099Net Income 2014: $189,0282014Revenue 2015: $1,655,985Expenses 2015: $1,828,322Net Income 2015: -$172,3372015Revenue 2016: $1,970,494Expenses 2016: $1,886,561Net Income 2016: $83,9332016Revenue 2017: $1,803,526Expenses 2017: $1,784,148Net Income 2017: $19,3782017Revenue 2018: $1,753,643Expenses 2018: $1,727,107Net Income 2018: $26,5362018Revenue 2019: $1,688,852Expenses 2019: $1,622,185Net Income 2019: $66,6672019Revenue 2020: $1,736,412Expenses 2020: $1,529,264Net Income 2020: $207,1482020Revenue 2021: $1,672,352Expenses 2021: $1,504,882Net Income 2021: $167,4702021Revenue 2022: $1,236,625Expenses 2022: $1,404,827Net Income 2022: -$168,2022022Revenue 2023: $1,942,992Expenses 2023: $1,503,185Net Income 2023: $439,8072023Revenue 2024: $1,801,223Expenses 2024: $1,600,339Net Income 2024: $200,8842024Revenue 2025: $1,541,877Expenses 2025: $1,570,844Net Income 2025: -$28,9672025

Highlighted filing

2017

Revenue$1,803,526
Expenses$1,784,148
Net Income$19,378
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Jan 22, 2018
Return Version
2016v3.0
Gross Receipts
$1,899,091
Mission and Program Overview

Mission

The purpose of the baptist missionary association theological seminary is to provide accredited undergraduate and graduate theological education for equipping individuals for christian service and leadership roles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$570,813$647,178▲ $76,365
Savings and Temporary Cash Investments$501,808$553,818▲ $52,010
Accounts Receivable$37,799$45,374▲ $7,575
Inventories for Sale or Use$16,660$922▼ $15,738
Prepaid Expenses and Deferred Charges$677$677→ $0
Cash and Non-Interest-Bearing Accounts-$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-
Intangible Assets-$0-
Total Assets$2,492,216$2,544,332▲ $52,116
Other Assets Total$1,364,459$1,296,363▼ $68,096
Liabilities
Other Liabilities$22,912$21,389▼ $1,523
Accounts Payable and Accrued Expenses$7,504$20,413▲ $12,909
Total Liabilities$30,416$41,802▲ $11,386
Net Assets / Fund Balance
Unrestricted Net Assets$1,017,356$1,088,265▲ $70,909
Permanently Rstr Net Assets$1,059,374$1,064,874▲ $5,500
Temporarily Rstr Net Assets$385,070$349,391▼ $35,679
Total Net Assets Fund Balance$2,461,800$2,502,530▲ $40,730
Total Liabilities and Net Assets / Fund Balance$2,492,216$2,544,332▲ $52,116

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$575,284$924,505$1,499,789
Equipment$31,612$158,837$190,449
Leasehold Improvements$26,532$905$27,437
Land$13,750-$13,750
Other Assets Org$1,296,363--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Charley HolmesPresidentFT$84,382$20,000$104,382

Board Members and Trustees

NameTitle
Tom MitchellChairman
Forrest PriestVice Chairman
Dennis KnightTrustee
Jake VandenbergTrustee
Jamie HaguewoodTrustee
Jerry StacyTrustee
John AllenTrustee
Mike PuckettTrustee
Ray AdamsTrustee
Reggie BlakeTrustee
Ted QuinbyTrustee
Terry BoltonTrustee
Gary MurphAsst Secretary
Don J BrownSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,199,691
Program Service Revenue
$566,537
Investment Income
$31,946
Other Revenue
$5,352
All Other Contributions
$885,060
Change in Net Assets
$19,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$813,705
Other Expenses$557,440
Grants and Similar Amounts Paid$413,003
Total Fundraising Expense$141,395
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$460,613$122,830$30,708$614,151
Grants to Domestic Individuals$413,003--$413,003
All Other Expenses$104,585$12,999$5,619$123,203
Current Officers, Directors, Trustees, and Key Employees$62,630$20,877$20,875$104,382
Payroll Taxes$35,604$9,494$2,374$47,472
Other Employee Benefits$30,308$8,082$2,020$40,410
Travel$18,088$4,020$18,086$40,194
Fees for Service Investment Mgmnt Fees$28,926$3,857$5,784$38,567
Depreciation Depletion$27,836$7,422$1,856$37,114
Insurance$24,125$6,434$1,608$32,167
Occupancy$23,661$6,310$1,577$31,548
Other Expenses$30,543$8,540$33,088$30,543
Information Technology$18,068$4,818$1,204$24,090
Advertising$8,763-$8,762$17,525
Office Expenses$9,056$2,414$604$12,074
Fees for Services Accounting$7,125$1,900$475$9,500
Pension Plan Contributions$5,468$1,458$364$7,290
Payments to Affiliates$4,438$1,183$296$5,917
Fees for Services Legal$1,251$334$83$1,668
Total Functional Expenses$1,404,273$238,480$141,395$1,784,148
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Deposits$21,389
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Prior to filing the form 990 is reviewed at a regularly scheduled board meeting or other arrangements are made for review between board meetings.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Bma theological seminary takes a preemptive approach to enforcing compliance with its conflict of interest policy; potential trustees are not put on the board if there could be a conflict of interests.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The process for determining the president's compensation incorporates several comparisons. Trustees compare their recommendations for the compensation to the compensation of directors of other institutions within the association of theological schools, statistics of other theological schools and/or comparison of other director's compensation within the baptist missionary association of america.

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

The baptist missionary association theological seminary makes its governing documents, conflict of interest policy, financial statements, and form 990 available to the public upon written request received in their offices located at 1530 e. Pine, jacksonville, tx 75766.

Filing and Contact Details

Filer

Filer Name
Baptist Missionary Association
EIN
75-0959996
Phone
9035862501
Address
P O BOX 670, JACKSONVILLE, TX 75766

Signing Officer

Name
Dr Charley Holmes
Title
President
Signed
2018-01-22
Discuss with paid preparer
Yes

Organization Details

Formed
1955
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
14
Employees
36

Preparer

Firm
Murrey Paschall & Caperton PC
Address
301 E BROAD ST, FORNEY, TX 75126-4110
Preparer
Eric E Paschall
Phone
9725641660
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowment earnings are used for operational support, scholarships, and maintenance in accordance with the donor's restrictions.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.06$3.46$1.54$1.57$0.03
2024Detailed filing. Detailed filing data is available for this year.$3.58$0.11$3.46$1.80$1.60$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.28$0.06$3.22$1.94$1.50$0.44
2022Detailed filing. Detailed filing data is available for this year.$2.84$0.04$2.80$1.24$1.40$0.17
2021Detailed filing. Detailed filing data is available for this year.$3.01$0.03$2.98$1.67$1.50$0.17
2020Detailed filing. Detailed filing data is available for this year.$3.00$0.21$2.79$1.74$1.53$0.21
2019Detailed filing. Detailed filing data is available for this year.$2.66$0.05$2.61$1.69$1.62$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.58$0.04$2.54$1.75$1.73$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.04$2.50$1.80$1.78$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.49$0.03$2.46$1.97$1.89$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.46$0.06$2.39$1.66$1.83$0.17
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.03$2.55$1.87$1.68$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.02$2.36$1.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.05$2.37$1.60
Peer Organizations

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