2023-06-28T16:11:03-04:00 2022-12-31 843482539 SJT GROUP LLC 4811 HARDWARE DR NE SUITE E-4 ALBUQUERQUE NM 87109 990 2022-01-01 850158371 NEW MEXICO BAPTIST FOUNDATION NEWM 5053323777 PO BOX 16560 ALBUQUERQUE NM 87191 BARB MULVEY CFO 5053323777 2023-06-28 true BARB MULVEY 999009999 false ARMANDO SANCHEZ P01712667 5053128702 2023-06-28 2022 2023-04-26 12:10:37Z RICK BREEDEN PO BOX 16560 ALBUQUERQUE NM 87191 6841165 false X WWW.NMBF.COM X 1948 NM 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. 11 11 12 0 1459906 616763 882399 956346 -540336 1036292 0 1801969 2609401 0 0 904723 924579 0 148565 800689 826034 1705412 1750613 96557 858788 58684099 49118538 45977541 37874573 12706558 11243965 X 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. false false 1272164 THE GENERAL PURPOSE OF THE NEW MEXICO BAPTIST FOUNDATION (FOUNDATION) SHALL BE TO SERVE ANY BAPTIST INSTITUTION, AGENCY, OR ENTERPRISE OR ANY BENEVOLENT, CHARITABLE, EDUCATIONAL OR MISSIONARY UNDERTAKING, INSTITUTION OR AGENCY FOSTERED BY OR HAVING THE OFFICIAL SANCTION OF THE BAPTIST CONVENTION OF NEW MEXICO, OR THE SOUTHERN BAPTIST CONVENTION. SUCH CONJOINED PURPOSES TO BE EXECUTED SIMULTANEOUSLY IN THE FURTHERANCE OF THE DEVELOPMENT OF BENEVOLENT, CHARITABLE, EDUCATIONAL AND MISSIONARY ACTIVITIES IN, AND FOR THE BENEFIT OF, SCHOOLS, HOSPITALS, ORPHANAGES AND OTHER ENTERPRISES OPERATED AS BAPTIST INSTITUTIONS OR UNDER THE SUPERVISION OF THE BAPTIST CONVENTION OF NEW MEXICO OR THE SOUTHERN BAPTIST CONVENTION, OR FOR ANY CHARITABLE PURPOSE WHEN A PART OF THE INCOME OF A PARTICULAR TRUST SHALL BE FOR THE PURPOSE HEREIN ABOVE STATED, AND TO SUCH END MAY RECIEVE BY BEQUEST, DEVISE, GIFT, PURCHASE OR LEASE, EITHER ABSOLUTELY OR IN TRUST, ANY REAL OR PERSONAL PROPERTY. TO CONVEY SUCH PROPERTY, TO INVEST AND REINVEST THE SAME OF THE PROCEEDS THEREOF, IN SUCH MANNER AS IN THE JUDGMENT OF THE BOARD OF DIRECTORS WILL BEST PROMOTE SUCH OBJECTIVES. TO MAKE DISTRIBUTIONS OF INCOME AND PRINCIPAL IN ACCORDANCE WITH THE DIRECTIONS OF THE DONOR, GRANTOR OR TESTATOR. IN THE ABSENCE OF SUCH DIRECTION, SUCH DISTRIBUTIONS SHALL BE MADE AT THE DISCRETION OF THE BOARD OF DIRECTORS OF THE FOUNDATION TO AN INSTITUTION OR AGENCY OF THE BAPTIST CONVENTION OF NEW MEXICO. 1272164 true true false false false false false false false true true true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 28 0 true 12 true false false false false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false NM X BARB MULVEY 5053323777 PO BOX 16560 ALBUQUERQUE NM 87191 CHARLES STOCKTON CHAIRMAN 2.00 X X 0 0 0 TED WITH VICE-CHAIRMA 2.00 X X 0 0 0 ROBERT EWING SECRETARY 2.00 X X 0 0 0 LINDA DEAN DIRECTOR 1.00 X 0 0 0 LEWIS WILLIAMS DIRECTOR 1.00 X 0 0 0 STEVE BALLEW DIRECTOR 1.00 X 0 0 0 RANDY PATTERSON DIRECTOR 1.00 X 0 0 0 CARROLL VAUGHN DIRECTOR 1.00 X 0 0 0 JOHN LOUDAT DIRECTOR 1.00 X 0 0 0 ANNE MCCOLLUM DIRECTOR 1.00 X 0 0 0 RICHARD GOMEZ DIRECTOR 1.00 X 0 0 0 RICK BREEDEN PRESIDENT 40.00 X 177019 0 54700 177019 54700 1 false true false 616763 616763 TRUST MANAGEMENT 525920 632346 632346 MANAGEMENT SERVICES 561000 324000 324000 956346 218416 218416 5049640 4231764 817876 817876 817876 2609401 1774222 218416 177018 104244 50155 22619 466199 274539 132090 59570 281362 165691 79719 35952 29754 17522 8430 3802 20441 12037 5792 2612 30066 17706 8519 3841 55798 32859 15809 7130 24819 13987 7536 3296 28070 16530 7953 3587 6378 3756 1807 815 456 269 129 58 25458 14347 7729 3382 12344 7269 3498 1577 DISTRIBUTIONS TO BENEFICI 589916 589916 MISCELLANEOUS 2215 1304 628 283 BOARD MEETING EXPENSES 319 188 90 41 1750613 1272164 329884 148565 106266 177896 5801863 3794930 21221 19578 891799 641731 239600 250068 40893735 34355403 11621414 10520663 58684099 49118538 12802 11780 45964739 37862793 45977541 37874573 X 7662400 6381079 5044158 4862886 12706558 11243965 58684099 49118538 X 858788 -2153136 -168245 X false true X true false X X X 1 BAPTIST CONVENTION OF NEW MEXICO BAPTIST CONVENTION OF NEW MEXICO 850128001 1 true 0 0 1 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3571179 3000 -458019 95216 3020944 3067143 447630 330585 274179 3571179 2880359 37086 258678 108980 3067143 1473184 1263366 223809 80000 2880359 1647215 10577 -106608 78000 1473184 0.88000 0.12000 false false 544046 330576 213470 232267 197268 34999 115486 113887 1599 250068 NOTES RECEIVABLE 4540547 F CONSTRUCTION LOAN PARTICIPATIONS 4176263 F MINERAL RIGHTS 1049420 F REAL LAND 384165 F REAL ESTATE 331646 F ANNUITIES 34641 F INSURANCE POLICIES 3981 F 10520663 ASSETS HELD FOR OTHERS 35904444 SPLIT-INTEREST AGREEMENTS 1958349 37862793 X 288020 -2153136 -168245 -2321381 2609401 2609401 1750613 1750613 1750613 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE FOUNDATION HAS ADOPTED FASB ASC 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS NOT RECOGNIZED ANY CHANGES TO ITS FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS RESULTING FROM THIS ADOPTION. SCHEDULE D, PAGE 4, PART XI, LINE 2D PV ADJUSTMENT SPLIT INTEREST AGREEMENTS -168,245 X false false false false false false false false false RICK BREEDEN PRESIDENT 173219 3800 54700 231719 FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, LINE 4A THE GENERAL PURPOSE OF THE NEW MEXICO BAPTIST FOUNDATION (FOUNDATION) SHALL BE TO SERVE ANY BAPTIST INSTITUTION, AGENCY, OR ENTERPRISE OR ANY BENEVOLENT, CHARITABLE, EDUCATIONAL OR MISSIONARY UNDERTAKING, INSTITUTION OR AGENCY FOSTERED BY OR HAVING THE OFFICIAL SANCTION OF THE BAPTIST CONVENTION OF NEW MEXICO, OR THE SOUTHERN BAPTIST CONVENTION. SUCH CONJOINED PURPOSES TO BE EXECUTED SIMULTANEOUSLY IN THE FURTHERANCE OF THE DEVELOPMENT OF BENEVOLENT, CHARITABLE, EDUCATIONAL AND MISSIONARY ACTIVITIES IN, AND FOR THE BENEFIT OF, SCHOOLS, HOSPITALS, ORPHANAGES AND OTHER ENTERPRISES OPERATED AS BAPTIST INSTITUTIONS OR UNDER THE SUPERVISION OF THE BAPTIST CONVENTION OF NEW MEXICO OR THE SOUTHERN BAPTIST CONVENTION, OR FOR ANY CHARITABLE PURPOSE WHEN A PART OF THE INCOME OF A PARTICULAR TRUST SHALL BE FOR THE PURPOSE HEREIN ABOVE STATED, AND TO SUCH END MAY RECIEVE BY BEQUEST, DEVISE, GIFT, PURCHASE OR LEASE, EITHER ABSOLUTELY OR IN TRUST, ANY REAL OR PERSONAL PROPERTY. TO CONVEY SUCH PROPERTY, TO INVEST AND REINVEST THE SAME OF THE PROCEEDS THEREOF, IN SUCH MANNER AS IN THE JUDGMENT OF THE BOARD OF DIRECTORS WILL BEST PROMOTE SUCH OBJECTIVES. TO MAKE DISTRIBUTIONS OF INCOME AND PRINCIPAL IN ACCORDANCE WITH THE DIRECTIONS OF THE DONOR, GRANTOR OR TESTATOR. IN THE ABSENCE OF SUCH DIRECTION, SUCH DISTRIBUTIONS SHALL BE MADE AT THE DISCRETION OF THE BOARD OF DIRECTORS OF THE FOUNDATION TO AN INSTITUTION OR AGENCY OF THE BAPTIST CONVENTION OF NEW MEXICO. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE 990 INFORMATION RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTS PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY BOARD MEMBER SHALL BE DISCLOSED TO THE OTHER MEMBERS AND MADE A MATTER OF RECORD. ANY MEMBER HAVING A POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THE ABSTENTION FROM VOTING WILL BE NOTED. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS APPROVES ALL MANAGEMENT OFFICIALS COMPENSATION AS PART OF THE ANNUAL BUDGETING PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B ANY OTHER COMPENSATION FOR OFFICERS OR KEY EMPLOYEES WOULD BE APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGETING PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MAINTAINED AT THE NEW MEXICO BAPTIST FOUNDATION'S OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 PV ADJUSTMENT SPLIT INTEREST AGREEMENTS -168,245 BAPTIST CONVENTION OF NEW MEXICO 5325 WYOMING BLVD NE ALBUQUERQUE NM 87109 585202572 SUPP ORG NM 501C3 7 N/A false CHURCH FINANCE CORPORATION PO BOX 16560 ALBUQUERQUE NM 87191 850387276 MANAGEMENT NM 501C3 12A N/A false false false false false false false false false false false false true false false false false false false false CHURCH FINANCE CORPORATION L 324000 FAIR MARKET VALUE