California Baptist Foundation in Fresno, California (CA)

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California Baptist Foundation
Employer Identification Number (EIN)941375834
Name of OrganizationCalifornia Baptist Foundation
Address7120 N Whitney Ave Ste 105, Fresno, CA 93720-0153
ActivitiesGifts, grants, or loans to other organizations, Endowment fund or financial services
SubsectionReligious Organization
Ruling Date11/1969
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (religious organization)
Asset Amount$21,460,042
Amount of Income$16,834,105
Form 990 Revenue Amount$16,834,105
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $16,834,105
This organization: 

 $16,834,105
Other organizations performing similar types of work: 

 $79,267

Assets in 2013: $21,460,042
California Baptist Foundation: 

 $21,460,042
Other organizations performing similar types of work: 

 $59,617

Expenses in 2006: $10,866,962
California Baptist Foundation: 

 $10,866,962
Other organizations performing similar types of work: 

 $53,476

Income to expenses ratio in 2006: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2006: 82.3%
This organization: 

 82.3%
Other organizations performing similar types of work: 

 82.3%

Employees paid over $50,000 in 2006: 13.3%
California Baptist Foundation: 

 13.3%
Other organizations performing similar types of work: 

 35.1%

Grants share in income in 2006: 12.9%
California Baptist Foundation: 

 12.9%
Other organizations performing similar types of work: 

 85.0%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$3,566,196$5,577,095$5,936,920$8,511,464$10,583,950$11,248,967$16,834,105
Contributions, gifts, grants, and similar amounts received$0$0$0$0$109,117$42,313$2,166,434
Contributions to donor advised funds$0
Direct public support$0$0$0$0$109,117$42,313$2,166,434
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$2,950,454$3,891,709$5,255,756$7,232,943$8,023,536$9,263,592$11,255,692
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$166,005$215,639$424,064$298,857$205,812$240,851$400,206
Dividends and interest from securities$0$0$0$848,607$1,059,000$1,650,000$2,170,000
Net rental income or (loss)$52,894$47,240$20,400$33,724$24,600$20,700$18,900
Gross rents$52,894$47,240$20,400$33,724$24,600$20,700$18,900
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$65,936
Gain or (loss) from sales of assets other than inventory$0$981,039$0$0$1,161,673$31,237$-14,603
Gross amount from sales of assets other than inventory$0$2,000,000$0$0$1,203,133$63,902$27,445
Less: cost or other basis and sales expenses$0$1,018,961$0$0$41,460$32,665$42,048
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$396,843$441,468$236,700$97,333$212$274$771,540
Total expenses$2,926,542$5,165,859$5,643,613$7,554,470$8,909,792$9,538,815$10,866,962
Program services$2,487,562$4,390,981$4,797,074$6,421,303$7,330,087$7,847,583$8,940,247
Management and general$438,980$774,878$846,539$1,133,167$1,579,705$1,691,232$1,926,715
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$6,617,120$7,028,356$2,429,965$3,386,959$5,099,476$6,804,174$21,460,042
Excess or (deficit) for the year$639,654$411,236$293,307$956,994$1,674,158$1,710,152$5,967,143
Net assets or fund balances at beginning of year$5,977,466$6,617,120$2,136,658$2,429,965$3,386,959$5,099,476$6,804,174
Other changes in net assets or fund balances$0$0$0$0$38,359$-5,454$8,688,725
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$10,866,962$8,940,247$1,926,715$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$913,260$751,338$161,922$0
Compensation of former officers, directors, key employees, etc.$170,249$140,064$30,185$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$775,318$637,854$137,464$0
Pension plan contributions not included above$52,982$43,588$9,394$0
Employee benefits not included above$61,995$51,003$10,992$0
Payroll taxes$74,005$60,884$13,121$0
Professional fundraising fees$0$0$0$0
Accounting fees$34,664$28,518$6,146$0
Legal fees$119,441$98,264$21,177$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$155,083$127,587$27,496$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$4,099$3,372$727$0
Travel$81,043$66,674$14,369$0
Conferences, conventions, and meetings$13,140$10,810$2,330$0
Interest$179,971$148,062$31,909$0
Depreciation, depletion, etc.$70,601$58,083$12,518$0
Other expenses not covered above$8,161,111$6,714,146$1,446,965$0
Balance Sheets
2000200120022003200420052006
Total assets$39,597,889$56,326,618$52,809,094$72,983,342$80,160,993$98,081,753$148,113,988
Cash - non-interest-bearing$63,910$134,303$450,515$224,696$248,555$263,241$1,707,933
Savings and temporary cash investments$3,762,857$7,111,553$2,240,957$4,601,779$11,049,480$7,887,584$23,503,313
Accounts receivable less allowance for doubtful accounts$24,126,906$36,510,080$43,828,777$57,219,164$63,291,741$83,408,861$90,231,784
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$774,902
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$108,228$331,471$474,160$810,631$305,327$57,351$28,379
Investments - publicly-traded securities$4,914,181
Investments - other securities$10,888$888$1,345,470$6,943,369$4,911,518$5,530,384$16,428,208
Investments - land, buildings, and equipment less accumulated depreciation$4,198,803$3,762,183$4,053,337$2,882,505$0$0$0
Investments - other$60,633$328,138$258,647$111,373$165,420$457,506$10,159,814
Land, buildings, and equipment less accumulated depreciation$7,130,380$8,019,183$157,231$189,825$188,952$224,106$365,474
Other assets, including program-related investments$135,284$128,819$0$0$0$252,720$0
Total liabilities$32,980,769$49,298,262$50,379,129$69,596,383$75,061,517$91,277,579$126,653,946
Accounts payable and accrued expenses$3,315,372$5,614,571$672,297$4,871,515$3,925,494$2,869,878$3,943,654
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$26,371,871$43,683,691$46,092,798$64,724,866$70,889,420$88,153,523$119,310,273
Other liabilities$3,293,526$0$3,614,034$2$246,603$254,178$3,400,019
Total liabilities and net assets/fund balances$39,597,889$56,326,618$52,809,094$72,983,342$80,160,993$98,081,753$148,113,988
Total net assets or fund balances$6,617,120$7,028,356$2,429,965$3,386,959$5,099,476$6,804,174$21,460,042
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$3,566,196$5,577,095$5,936,920$8,511,464$10,583,950$11,248,967$16,834,105
Total revenue, gains, and other support per audited financial statements$3,566,196$5,577,095$5,936,920$8,511,464$10,622,308$11,243,513$19,006,177
Other expenses$0$0$0$0$38,358$-5,454$2,172,072
Net unrealized gains on investments$0$0$0$0$38,358$0$2,072
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$-5,454$2,170,000
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$2,926,542$5,165,859$5,643,613$7,554,470$8,909,792$9,538,815$10,866,962
Total expenses and losses per audited financial statements$2,926,542$5,165,859$5,643,613$7,554,470$8,909,792$9,538,815$10,866,962
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings21
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200630
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,648,512$12,019,159
Program service revenue
Program service revenue 1000000$000$0$10,232,364
Program service revenue 2000000$000$0$629,578
Program service revenue 3000000$000$0$158,500
Program service revenue 4000000$000$0$100,000
Program service revenue 5000000$000$0$135,250
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$400,206$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,170,000$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$18,900$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$65,936$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-14,603$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$8,073$763,467
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
770354735100%$2,933,467$10,302,040
770423272100%$65,936$5,652,705
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$78,745$25,358$13,052
$83,120$20,242$6,621
$79,911$11,631$5,973
$72,801$18,307$1,418
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?Yes
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$6
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$511,827
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
1999200020012002200320042005
Total$0$0$0$0$0$0$10,329,704
Gifts, grants, and contributions received$0$0$0$0$0$0$42,313
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$8,375,566
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$1,890,851
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$20,974
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska2
Alabama31
Arkansas6
Arizona15
California98
Colorado17
Connecticut4
District of Columbia4
Delaware1
Florida47
Georgia34
Hawaii1
Iowa5
Idaho5
Illinois46
Indiana19
Kansas6
Kentucky11
Louisiana13
Massachusetts11
Maryland16
Maine2
Michigan31
Minnesota16
Missouri12
Mississippi8
Montana3
North Carolina31
North Dakota1
Nebraska10
New Hampshire1
New Jersey16
New Mexico3
Nevada4
New York56
Ohio19
Oklahoma6
Oregon7
Pennsylvania27
Rhode Island3
South Carolina12
Tennessee15
Texas62
Utah4
Virginia21
Vermont1
Washington16
Wisconsin9
West Virginia2
International3
Total793

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