Overview

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Est.

1948

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

NEW MEXICO BAPTIST FOUNDATION is a Protestant nonprofit focused on generating funds for kingdom causes and supporting individuals, churches, and charities through stewardship of entrusted resources. Based on the provided fiscal 2024 data, it operated with a budget of $1.6 million and total revenue of $1.7 million, and it provides services related to estate planning, charitable gifting, endowment creation, scholarships, church finance, and compassion causes.

Mission Statement

THE NEW MEXICO BAPTIST FOUNDATION SEEKS TO FULFILL ITS MISSION TO GENERATE FUNDS FOR KINGDOM CAUSES AROUND THE WORLD. WE ARE COMMITTED TO ASSISTING INDIVIDUALS, CHURCHES, AND CHARITIES IMPACTING THE WORLD THROUGH THE FAITHFUL STEWARDSHIP OF GOD'S RESOURCES. THE FOUNDATION MANAGES FUNDS ENTRUSTED FOR THE ONGOING BENEFIT OF CHURCHES, MISSIONS, MINISTRY, AND CHARITABLE ORGANIZATIONS. IN ADDITION, THE FOUNDATION PROVIDES RESOURCES FOR ESTATE PLANNING, CHARITABLE GIFTING, ENDOWMENT CREATION, SCHOLARSHIPS, CHURCH FINANCE, AND COMPASSION CAUSES.
Revenues
$1.7M
Expenses
$1.7M
Net Income:
-$615
Assets
$61.9M
Liabilities
$47.9M
Net Assets:
+$14M
Operating Budget
$1.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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R
Rick Breeden
Board Member
C
Chris Payton
Board Member
R
Robert Ewing
Board Member
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Frequently Asked Questions

What is NEW MEXICO BAPTIST FOUNDATION’s budget?
In 2024, NEW MEXICO BAPTIST FOUNDATION reported an annual operating budget of around $1.6 million. More detailed financial information is available to registered users.
What causes does NEW MEXICO BAPTIST FOUNDATION support?
NEW MEXICO BAPTIST FOUNDATION supports work in Protestantism.
Where does NEW MEXICO BAPTIST FOUNDATION operate?
NEW MEXICO BAPTIST FOUNDATION is headquartered in Albuquerque, NM.