Nonprofit · EIN 04-3342124
NEW LIFE BAPTIST CHURCH
Tax-exempt · WOBURN, MA 01801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,566,190 | $1,277,008 | $289,182 | $3,454,772 | $783,640 | $2,671,132 |
| December 31, 2024 | 990 | $1,480,439 | $1,036,186 | $444,253 | $3,186,886 | $804,936 | $2,381,950 |
| December 31, 2023 | 990 | $1,418,724 | $964,502 | $454,222 | $2,764,533 | $826,836 | $1,937,697 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,563,298
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $2,892
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $562,307
- Professional fundraising fees
- $0
- Legal fees
- $24,680
- Accounting fees
- $4,080
- Travel
- $22,691
- Depreciation
- $54,121
- Program services (functional)
- $234,910
- Management and general (functional)
- $1,042,098
Balance sheet and other
- Total assets, start of year
- $3,186,886
- Total assets, end of year
- $3,454,772
- Total liabilities, end of year
- $783,640
- Net assets, end of year
- $2,671,132
- Land, buildings and equipment
- $2,115,853
- Net assets without donor restrictions
- $2,671,132
- Gross unrelated business income
- $2,892
- Gross receipts
- $1,566,190
- Employees
- 4
- Volunteers
- 90
- Year formed
- 1996
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOSE DE FARIA COSTA JR | MINISTER & PRESIDENT Institutional trustee, Officer, Highest-paid employee | 50 | $0 | $130,000 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOSE DE FARIA COSTA JR | MINISTER & PRESIDENT Institutional trustee, Officer, Highest-paid employee | 50 | $0 | $96,750 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOSE DE FARIA COSTA JR | MINISTER & PRESIDENT Institutional trustee, Officer, Highest-paid employee | 50 | $0 | $93,600 |
Address and contacts
- Address (IRS master file)
- 29 MONTVALE AVE, WOBURN, MA 01801-7020
- Principal officer (990 for 2025)
- PR JOSE COSTA JR, 29 MONTVALE AVE, WOBURN, MA 01801
- Signed the 990
- JOSE COSTA JUNIOR, PRESIDENT
- Phone
- (978) 206-2935
- Website
- https://ibvnchurch.com/
- Return prepared by
- CAPITAL ACCOUNTING SOLUTIONS CORP
Mission
CHRISTIAN CHURCH PREACHING AND TEACHING THE GOSPEL OF JESUS CHRIST AND HELPING THE COMMUNITY ON ITS NEEDS.
Program accomplishments
- RELIGIOUS ACTIVITIES - ONLYExpenses $234,910 · grants $1,042,098 · revenue $1,563,298
What it must file and when
IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3342124
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Not required (church)
- Category (NTEE)
- Religion-related (X21)
- Assets (IRS master file)
- $3,454,772
- Income (IRS master file)
- $1,566,190
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,566,190 | $1,277,008 | $3,454,772 | XML |
| 990 | December 2024 | $1,480,439 | $1,036,186 | $3,186,886 | XML |
| 990 | December 2023 | $1,418,724 | $964,502 | $2,764,533 | XML |
| 990 | December 2022 | $1,279,978 | $1,044,425 | $2,327,994 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3342124).
Questions about NEW LIFE BAPTIST CHURCH
- What is the EIN of NEW LIFE BAPTIST CHURCH?
- The employer identification number (EIN) of NEW LIFE BAPTIST CHURCH is 04-3342124.
- Is NEW LIFE BAPTIST CHURCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to NEW LIFE BAPTIST CHURCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW LIFE BAPTIST CHURCH file?
- Form Not required (church). Churches are not required to file.
- When is the next return of NEW LIFE BAPTIST CHURCH due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW LIFE BAPTIST CHURCH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW LIFE BAPTIST CHURCH?
- The 990 for the year ended December 31, 2025 names PR JOSE COSTA JR.
- Who are the officers and directors of NEW LIFE BAPTIST CHURCH?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does NEW LIFE BAPTIST CHURCH have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,566,190, expenses of $1,277,008 and total assets of $3,454,772 at year end.
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