Isaiah 61 Foundation
- Assets
- $12.1m
- Revenue
- $738.4k
- Investments
- $10.2m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 14-1827942
Organization Overview
Isaiah 61 Foundation is located in Burlington, VT. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isaiah 61 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Isaiah 61 Foundation generated $738.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $834.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Isaiah 61 Foundation has awarded 120 individual grants totaling $6,239,837. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Schonbek Trustee | 0 | $0 | |
Alice J Schonbek Trustee | 0 | $0 | |
Eileen Schonbek-Beer Trustee | 0 | $0 | |
Michael Beer Trustee | 0 | $0 | |
Stephanie Beer Trustee | 0 | $0 | |
Matthew Beer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $9,214 |
| Dividends & Interest | $437,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $272,278 |
| Capital Gain Net Income | $272,278 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,937 |
| Total Revenue | $738,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15 |
| Taxes | $18,225 |
| Depreciation | $52,969 |
| Occupancy | $207,167 |
| Travel, conferences, and meetings | $13,103 |
| Printing and publications | $678 |
| Other expenses | $10,486 |
| Total operating and administrative expenses | $421,734 |
| Contributions, gifts, grants paid | $413,004 |
| Total expenses and disbursements | $834,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,105 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,624,943 |
| Other assets | $0 |
| Total assets | $12,079,451 |
| Accounts payable and accrued expenses | $6,787 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,787 |
Grants Awarded
Over the last fiscal year, Isaiah 61 Foundation has awarded $413,004 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH WITH A MISSION PURPOSE: SUPPORT OF MINISTRY | $2,250 |
CHURCH AT PRISON INC PURPOSE: SUPPORT OF MINISTRY | $15,250 |
LEADWELL PURPOSE: SUPPORT OF MINISTRY | $26,054 |
DAYBREAK COMMUNITY CHURCH PURPOSE: SUPPORT OF MINISTRY | $10,500 |
FIRST BAPTIST OF ROBERTSDALE PURPOSE: SUPPORT OF MINISTRY | $20,000 |
FINAL FRONTIER MINISTRIES PURPOSE: SUPPORT OF MINISTRY | $12,000 |