Nonprofit · EIN 63-6050495
FIRST BAPTIST FOUNDATION OF
Also known as TUSCALOOSA
Tax-exempt · TUSCALOOSA, AL 35401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $266,054 | $33,959 | $232,095 | $5,331,315 | $0 | $5,331,315 |
| December 31, 2024 | 990 | $422,182 | $1,100 | $421,082 | $5,099,220 | $0 | $5,099,220 |
| December 31, 2023 | 990 | $247,928 | $1,200 | $246,728 | $4,678,138 | $0 | $4,678,138 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $41,099
- Program service revenue
- $0
- Investment income
- $224,955
- Net gain from sales of assets
- $107,199
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,100
- Program services (functional)
- $32,859
- Management and general (functional)
- $1,100
Balance sheet and other
- Total assets, start of year
- $5,099,220
- Total assets, end of year
- $5,331,315
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,331,315
- Publicly traded securities
- $5,309,661
- Net assets without donor restrictions
- $5,331,315
- Gross receipts
- $266,054
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1962
- State of legal domicile
- AL
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 |
|---|---|---|---|
| JOEL LAKE | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| WAYNE HOCUTT | DIRECTOR Trustee or director | 0 | $0 |
| JOHN HOGUE | DIRECTOR Trustee or director | 0 | $0 |
| CHUCK MALONE | DIRECTOR Trustee or director | 0 | $0 |
| HAL THURMOND | DIRECTOR Trustee or director | 0 | $0 |
| STAN TURNIPSEED | DIRECTOR Trustee or director | 0 | $0 |
| QUENTON MATTHEWS | DIRECTOR Trustee or director | 0 | $0 |
| WES PERRY | DIRECTOR Trustee or director | 0 | $0 |
| JASON WALKER | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOEL LAKE | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| WAYNE HOCUTT | DIRECTOR Trustee or director | 0 | $0 |
| JOHN HOGUE | DIRECTOR Trustee or director | 0 | $0 |
| CHUCK MALONE | DIRECTOR Trustee or director | 0 | $0 |
| HAL THURMOND | DIRECTOR Trustee or director | 0 | $0 |
| STAN TURNIPSEED | DIRECTOR Trustee or director | 0 | $0 |
| QUENTON MATTHEWS | DIRECTOR Trustee or director | 0 | $0 |
| WES PERRY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOEL LAKE | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| RICK GIBSON | DIRECTOR Trustee or director | 0 | $0 |
| WAYNE HOCUTT | DIRECTOR Trustee or director | 0 | $0 |
| JOHN HOGUE | DIRECTOR Trustee or director | 0 | $0 |
| LEE HENDERSON | DIRECTOR Trustee or director | 0 | $0 |
| BILL LAMB | DIRECTOR Trustee or director | 0 | $0 |
| CHUCK MALONE | DIRECTOR Trustee or director | 0 | $0 |
| HAL THURMOND | DIRECTOR Trustee or director | 0 | $0 |
| STAN TURNIPSEED | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 721 GREENSBORO AVE, TUSCALOOSA, AL 35401-1843
- Principal officer (990 for 2025)
- JOEL LAKE, 721 GREENSBORO AVE, TUSCALOOSA, AL 35401
- Signed the 990
- JOEL LAKE, OFFICER
- Phone
- (205) 345-8440
- Return prepared by
- JAMISONMONEYFARMER PC
Mission
TO ASSIST WITH MISSIONS, SCHOLARSHIPS AND OTHER RELIGIOUS ACTIVITIES AND TO BENEFIT FIRST BAPTIST CHURCH ACTIVITIES.
Program accomplishments
- TO ASSIST WITH MISSIONS, SCHOLARSHIPS AND OTHER RELIGIOUS ACTIVITIES AND TO BENEFIT FIRST BAPTIST CHURCH ACTIVITIES.Expenses $32,859
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 63-6050495
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X21I)
- Assets (IRS master file)
- $5,331,315
- Income (IRS master file)
- $266,054
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $266,054 | $33,959 | $5,331,315 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $422,182 | $1,100 | $5,099,220 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $247,928 | $1,200 | $4,678,138 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $15,548 | $995 | $4,431,410 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 63-6050495).
Questions about FIRST BAPTIST FOUNDATION OF
- What is the EIN of FIRST BAPTIST FOUNDATION OF?
- The employer identification number (EIN) of FIRST BAPTIST FOUNDATION OF is 63-6050495.
- Is FIRST BAPTIST FOUNDATION OF tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to FIRST BAPTIST FOUNDATION OF tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST BAPTIST FOUNDATION OF file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIRST BAPTIST FOUNDATION OF 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 FIRST BAPTIST FOUNDATION OF 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 FIRST BAPTIST FOUNDATION OF?
- The 990 for the year ended December 31, 2025 names JOEL LAKE.
- Who are the officers and directors of FIRST BAPTIST FOUNDATION OF?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FIRST BAPTIST FOUNDATION OF have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $266,054, expenses of $33,959 and total assets of $5,331,315 at year end.
Other nonprofits in TUSCALOOSA
- CHRIST EPISCOPAL CHURCH FOUNDATION EIN 63-1270549 · last filed 990 for 2025
- A STRONGER FAITH MINISTRIES EIN 92-1669719 · last filed 990-EZ for 2025
- OUT OF THE BOAT MINISTRIES INC EIN 20-5253257 · last filed 990 for 2025
- BLUEPRINT INC EIN 45-3453953 · last filed 990-EZ for 2024
- ENTRUSTED HOPE MINISTRIES EIN 82-3111442 · last filed 990-PF for 2025
- TUSCALOOSA PASTORS NETWORK INC EIN 63-1271414 · last filed 990-EZ for 2025
- WORLDWIDE UNITED APPEAL FUND INC EIN 20-5154141 · last filed 990-EZ for 2025
- TUSCALOOSA FELLOWSHIP MINISTRIES EIN 26-3463947 · last filed 990-PF for 2025