2025-05-08T12:18:14-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 15303 N DALLAS PARKWAY SUITE 1400 ADDISON TX 75001 990 2023-07-01 751439170 BAPTIST CHURCH LOAN CORPORATION BAPT 2148285140 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 LANDON K YEAGER CHIEF FINANCIAL OFFICER 2148285140 2025-05-07 1 1 ALLISON BROWN P01603075 9723835700 2025-05-06 2023 2025-03-06 01:10:19Z GERALD R JAMES JR 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 8055775 0 X WWW.BCLCCHURCHLENDING.ORG/ X 1952 TX ASSIST CHURCHES IN THEIR EFFORTS TO SPREAD THE GOSPEL BY PROVIDING AFFORDABLE REAL ESTATE LOANS 12 12 9 12 0 0 0 0 6251682 7990030 148816 16837 0 0 6400498 8006867 0 0 0 0 1467552 1516225 0 0 0 2340437 4058178 3807989 5574403 2592509 2432464 168000890 185971013 47123368 62837359 120877522 123133654 X TO ASSIST WITH THE LONG-TERM SPIRITUAL AND FINANCIAL HEALTH OF BORROWING CHURCHES THROUGH THE GRANTING OF LOANS WITH STRAIGHTFORWARD TERMS, RATE OPTIONS, AND UNDERWRITING GUIDELINES. THE LOANS PROVIDED BY THE COMPANY ARE TO BE USED BY BORROWING CHURCHES TO SPREAD THE GOSPEL AND PROMOTE THE FAITH. 0 0 5045999 7997121 ESTABLISH NEW CONGREGATIONS AND STRENGTHEN EXISTING ONES BY PROVIDING AND SERVICING LOANS FOR LAND PURCHASE, CONSTRUCTION, IMPORVING CURRENT FACILITIES, OR PUCHASING A NEW FACILITY FOR WORSHIP/RELIGIOUS INSTRUCTION. 368 LOANS OUTSTANDING AS OF YEAR END. 5045999 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LANDON YEAGER 2148285140 8333 DOUGLAS AVE SUITE 1460 DALLAS TX 75225 GERALD R JAMES JR PRESIDENT/CEO 40.00 X 298803 0 55159 BOB GAGE SENIOR VICE PRESIDENT 40.00 X 218252 0 43622 LANDON YEAGER SENIOR VICE PRESIDENT/ CFO 40.00 X 205663 0 36799 KAYLA PELTOMA VICE PRESIDENT OF FINANCA & ADMINISTRATION 40.00 X 121641 0 47778 MICHAEL MASON CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 PHILIP PRICE VICE CHAIRMAN 2.00 X X 0 0 0 BARBARA JANE KAPLAN DIRECTOR 2.00 X 0 0 0 LYNN MEERS DIRECTOR 2.00 X 0 0 0 GLENN GAINES DIRECTOR 2.00 X 0 0 0 KELLY MCBRAYER DIRECTOR 2.00 X 0 0 0 RALPH RAMSEY DIRECTOR 2.00 X 0 0 0 JAMYE CAPPADONNA DIRECTOR 2.00 X 0 0 0 JAN CASON DIRECTOR 2.00 X 0 0 0 RYAN GIBSON DIRECTOR 2.00 X 0 0 0 BRET HEFTON DIRECTOR 2.00 X 0 0 0 SUSAN HOGAN DIRECTOR 2.00 X 0 0 0 844359 0 183358 4 0 1 0 0 INTEREST REVENUE ON LO 525990 7978503 7978503 LATE FEES/NSF FEES 525990 11527 11527 7990030 9746 9746 55999 48908 7091 7091 7091 8006867 7997121 0 9746 909330 728055 181275 401192 320913 80279 41272 32592 8680 88912 71004 17908 75519 60415 15104 10167 10167 42932 42932 211460 173425 38035 161420 129136 32284 61073 48858 12215 15868 12694 3174 3072673 3072673 106798 85438 21360 50459 40367 10092 MINISTRY DEVELOPMENT 144660 115728 28932 DATA PROCESSING 123760 99008 24752 MISCELLANEOUS 56908 45526 11382 5574403 5045999 528404 0 7125776 4461916 149379 150267 402970 515617 158035562 179175211 78900 86297 668789 443307 242003 225482 550792 58795 1415508 1297428 168000890 185971013 283244 302833 45424616 61237098 1415508 1297428 47123368 62837359 X 120877522 123133654 120877522 123133654 168000890 185971013 X 2432464 -176332 X 0 1 X 1 0 X X X 1 BAPTIST GENERAL CONVENTION OF TEXAS 750904042 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: THE SUPPORTING AND SUPPORTED ORGANIZATIONS DO NOT SHARE ANY BOARD MEMBERS, HOWEVER THE SUPPORTED ORGANIZATION ELECTS 1/3 OF THE BOARD FOR THE SUPPORTING ORGANIZATION. IN ADDITION, UPON DISSOLUTION OF THE SUPPORTING ORGANIZATION, ASSETS WILL BE DISTRIBUTED TO THE SUPPORTED ORGANIZATION. 61402 153 61555 61094 308 61402 60788 306 61094 60174 614 60788 60146 28 60174 0.40000 0.60000 0 0 102805 85142 17663 409122 301933 107189 156862 56232 100630 225482 OPERATING LEASE LIABILITY 1297428 1297428 X 4757862 -3249005 -3249005 8006867 0 8006867 2501733 0 2501733 3072670 3072670 5574403 PART X, LINE 2: THE COMPANY IS EXEMPT, UNDER INTERNAL REVENUE CODE (CODE) SECTION 501(C)(3), FROM FEDERAL AND STATE INCOME TAXES. THE COMPANY HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. COMPANY MANAGEMENT CONSIDERED THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY, OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES, RELATED TO EVENTS THAT ARE MORE LIEKLY THAN NOT TO OCCUR. THIS INCLUDES CHANGES TO THE COMPANY'S STATUS AS A NONPROFIT ENTITY. MANAGEMENT BELIEVES THE COMPANY MET THE REQUIREMENTS TO MAINTAIN ITS STATUS AS A NONPROFIT ENTITY. THE COMPANY ALSO BELIEVES IT HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). AS A RESULT, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE COMPANY EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2024 AND 2023. THE COMPANY IS NOT SUBJECT TO EXAMINATIONS FOR INCOME TAXES FILED BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED ON AUDIT -3,072,673. CREDIT PROVISION FOR LOAN LOSSES NETTED ON AUDIT -176,329. ROUNDING -3. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED ON AUDIT 3,072,673. ROUNDING -3. PART V IN NOVEMBER 1998, THE CORPORATION ESTABLISHED THE BRUCE W BOWLES SPECIAL NEEDS CHURCH FUND (THE "FUND") TO HONOR MR. BOWLES FOR 25 YEARS OF SERVICE TO THE CORPORATION. THE PURPOSE OF THE FUND IS TO MAKE FUNDS AVAILABLE TO ASSIST CHURCHES IN SITUATIONS WHERE A CHURCH CAN NEITHER AFFORD TO BORROW, NOR OTHERWISE RAISE FUNDS FOR AN URGENT NEED. FUND EARNINGS MAY BE DISBURSED FROM THE FUND AS DETERMINED BY A THREE-PERSON COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS, HOWEVER THE CORPUS MAY BE USED ONLY IN AN AMOUNT PREVIOUSLY APPROVED BY THE BOARD OF DIRECTORS. THERE WERE NO GRANTS DURING THE FISCAL YEAR ENDED JUNE 30, 2024. X X X X 0 0 0 0 0 0 0 0 0 GERALD R JAMES JR PRESIDENT/CEO 278945 0 13948 0 5910 0 41842 0 13317 0 353962 0 0 0 BOB GAGE SENIOR VICE PRESIDENT 198221 0 9920 0 10111 0 29733 0 13889 0 261874 0 0 0 LANDON YEAGER SENIOR VICE PRESIDENT/ CFO 189446 0 9475 0 6742 0 24628 0 12171 0 242462 0 0 0 KAYLA PELTOMA VICE PRESIDENT OF FINANCA & ADMINIST 114400 0 7241 0 0 0 17160 0 30618 0 169419 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS NO MEMBERS, BUT THE BAPTIST GENERAL CONVENTION OF TEXAS ELECTS 1/3 OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE SVP/FINANCE & ADMINISTRATION AND THE PRESIDENT/CEO REVIEW THE FORM 990 WITH THE CPA FIRM THAT PREPARED THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR IS REQUIRED TO SIGN THE CONFLICT OF INTEREST AND CODE OF CONDUCT POLICY, ACKNOWLEDGING THAT THEY ARE IN COMPLIANCE UPON JOINING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE PRESIDENT/CEO PROVIDES A SCHEDULE LISTING EACH OF THE CORPORATE OFFICERS' SALARY, BENEFITS, ANNUITY CONTRIBUTIONS, AND COMPARABLE SALARY DATA TO THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS. UPON MOTION FROM THE NOMINATING COMMITTEE, THE BOARD OF DIRECTORS MUST APPROVE THE SALARIES OF THE FOLLOWING: CHAIRMAN OF THE BOARD, VICE PRESIDENT, PRESIDENT/CEO, SENIOR VP/SECRETARY, VP/CONTROLLER/TREASURER, EMERGENCY OFFICERS AND EXECUTIVE COMPENSATION. THE PRESIDENT PROVIDED THE NOMINATING COMMITTEE WITH A SALARY AND COMPENSATION SURVEY REPORT. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS AVAILABLE ON GUIDESTAR. FORM 990, PART XI, LINE 9: ROUNDING -3. PROVISION FOR LOAN LOSS -176,329. BAPTIST GENERAL CONVENTION OF TEXAS 7557 RAMBLER PARK RD STE 1200 DALLAS TX 75231 756044885 SUPPORT BAPTIST CHURCHES TX 501(C)(3) LINE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0