2018-01-19T15:03:59-06:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2016-07-01 751439170 BAPTIST CHURCH LOAN CORPORATION BAPT 2148285140 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 LANDON K YEAGER SVP/FINANCE & ADMINISTRATION 2148285140 2017-12-14 1 ALLISON BROWN P01603075 9723835700 67.137.57.251 2017-12-14 14:02:57 CS P AEB561FE889C33FEC0A971B5B75B31039963007A FBBA646FD5DD1083FDB637327C9E24F5F64FEE19 2016 2021-01-29 14:40:06Z LANDON K YEAGER 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 5435516 0 X WWW.BAPTISTCHURCHLOAN.ORG X 1952 TX ASSIST CHURCHES IN THEIR EFFORTS TO SPREAD THE GOSPEL BY PROVIDING AFFORDABLE REAL ESTATE LOANS 12 12 8 0 0 0 0 0 5514945 5386030 23098 26845 0 0 5538043 5412875 20000 0 0 0 1088945 1138323 0 0 0 2019348 1957582 3128293 3095905 2409750 2316970 150894242 145730646 49311584 41831017 101582658 103899629 ESTABLISH NEW CONGREGATIONS AND STRENGTHEN EXISTING ONES BY PROVIDING AND SERVICING LOANS FOR LAND PURCHASE, CONSTRUCTION, IMPROVING CURRENT FACILITIES, OR PURCHASING A NEW FACILITY FOR WORSHIP/RELIGIOUS INSTRUCTION 0 0 2794087 0 5386030 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. 515 LOANS OUTSTANDING AS OF YEAR END. 2794087 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 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 4 0 1 8 1 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 X LANDON K YEAGER 2148285140 8333 DOUGLAS AVENUE SUITE 1460 DALLAS TX 75225 EVAN HARRIS CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 TODD NORDEEN VICE CHAIRMAN 2.00 X X 0 0 0 GEUNMOO LEE DIRECTOR 2.00 X 0 0 0 KYRSTAL MIMS DIRECTOR 2.00 X 0 0 0 SCOTT ROBINSON DIRECTOR 2.00 X 0 0 0 JJ GOMEZ DIRECTOR 2.00 X 0 0 0 GARY MILLER DIRECTOR 2.00 X 0 0 0 DR DENNIS TUCKER DIRECTOR 2.00 X 0 0 0 FRANZE WALL DIRECTOR 2.00 X 0 0 0 PATRICK CRUMP DIRECTOR 2.00 X 0 0 0 JARED GREEN DIRECTOR 2.00 X 0 0 0 RYAN HEFTON DIRECTOR 2.00 X 0 0 0 GERALD R JAMES JR PRESIDENT/CEO 40.00 X 232776 0 56560 BOB GAGE SENIOR VICE PRESIDENT 40.00 X 167060 0 34244 LANDON YEAGER SVP/FINANCE & ADMINISTRATI 40.00 X 134651 0 17800 MATTHEW CARTER VICE PRESIDENT 40.00 X 154829 0 21742 689316 0 130346 4 0 1 0 BANK OF TEXAS PO BOX 29775 DALLAS TX 752299775 NOTE PAYMENTS 1830975 PROSPERITY BANK 1401 AVE Q LUBBOCK TX 79401 NOTE PAYMENTS 1808968 COMERICA BANK 8850 BOEDEKER STREET 4TH FLOOR DALLAS TX 75225 NOTE PAYMENTS 699749 BGCT 7557 RAMBLER RD SUITE 1200 DALLAS TX 752312310 INSURANCE, ANNUITY REIMBURSEMENTS 279485 4 INTEREST REVENUE ON LO 525990 5370680 5370680 LATE FEES/NSF FEES 525990 15350 15350 5386030 6749 6749 42737 22641 20096 20096 20096 5412875 5386030 0 26845 819664 678273 141391 227656 190651 37005 -5372 -3912 -1460 39076 31932 7144 57299 47542 9757 2155 2155 28090 28090 67800 61799 6001 126831 103580 23251 52010 49758 2252 7163 7163 1339183 1339183 83136 60189 22947 51225 42444 8781 MINISTRY DEVELOPMENT 92808 92808 DATA PROCESSING 62652 51912 10740 MISCELLANEOUS 34529 28610 5919 PROVISION FOR LOAN LOSS 10000 10000 3095905 2794087 301818 0 2988314 9157682 1174377 1636936 329007 307087 146110904 134306782 66691 114176 400296 192313 224949 207983 150894242 145730646 2588027 4105143 46723557 37725874 49311584 41831017 X 101582658 103899629 101582658 103899629 150894242 145730646 2316970 0 X 0 1 X 1 0 X X 1 BAPTIST GENERAL CONVENTION OF TEXAS 750904042 1 1 137964684 0 1 137964684 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. 58681 178 58859 78512 169 20000 58681 81117 395 3000 78512 82389 228 1500 81117 81942 447 82389 0.40000 0.60000 0 0 68018 29143 38875 204506 127849 76657 127772 35321 92451 207983 X 4063692 -1349183 -1349183 5412875 0 5412875 1746722 0 1746722 1349183 1349183 3095905 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 POSIITION AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED ON AUDIT PROVISION FOR LOAN LOSSES NETTED ON AUDIT PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED ON AUDIT PROVISION FOR LOAN LOSSES NETTED ON AUDIT PART V, LINE 5 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. THE BOARD APPROVED A $20,000 GRANT DURING THE FISCAL YEAR ENDED JUNE 30, 2015 FOR PAYMENT IN THE FISCAL YEAR ENDED JUNE 30, 2016. X X X X X 0 0 0 0 0 0 0 0 0 GERALD R JAMES JR PRESIDENT/CEO 209822 0 17000 0 5954 0 31500 0 25060 0 289336 0 0 0 BOB GAGE SENIOR VICE PRESIDENT 150508 0 10200 0 6352 0 18750 0 15494 0 201304 0 0 0 LANDON YEAGER SVP/FINANCE & ADMINISTRATI 125088 0 9563 0 0 0 15000 0 2800 0 152451 0 0 0 MATTHEW CARTER VICE PRESIDENT 140994 0 11093 0 2742 0 14500 0 7242 0 176571 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. IN 2010, THE PRESIDENT PROVIDED THE NOMINATING COMMITTEE WITH A SALARY SURVEY PERFORMED BY A BANK COMPENSATION CONSULTING FIRM. 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. 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 1 0 0 0