Ipc National Charitable Foundation
- Assets
- $6.6m
- Revenue
- $564.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-1836543
Organization Overview
Ipc National Charitable Foundation is located in Dallas, TX. The organization was established in 2006. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Ipc National Charitable 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, Ipc National Charitable Foundation generated $564.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $528.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Ipc National Charitable Foundation has awarded 171 individual grants totaling $3,943,381. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE PRIMARILY TO VARIOUS DOMESTIC ORGANIZATIONS WHOSE PURPOSES WERE DEEMED TO BE CONSISTENT WITH THE ORGANIZATION'S MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald B Harris Pres/director | OfficerTrustee | 5 | $0 |
Carl W Forsythe Sec/director | OfficerTrustee | 0 | $0 |
Randall S Godfrey Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,979 |
| Noncash contributions included in lines 1a–1f | $32,979 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,979 |
| Total Program Service Revenue | $0 |
| Investment income | $113,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $564,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $512,650 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,372 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,659 |
| Interest | $157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $528,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $677,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $286,951 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $702,000 |
| Investments—publicly traded securities | $4,918,594 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,804 |
| Total assets | $6,610,566 |
| Accounts payable and accrued expenses | $9,251 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,000 |
| Total liabilities | $309,251 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,301,315 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,610,566 |
Grants Awarded
Over the last fiscal year, Ipc National Charitable Foundation has awarded $390,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ENCOURAGEMENT FM PURPOSE: CHRISTIAN RADIO SUPPORT | $12,500 |
FEEDING AMERICA PURPOSE: FOOD BANK | $27,000 |
HIGH ADVENTURE GOSPEL COMM MI PURPOSE: CHRISTIAN RADIO IN AFRICA | $72,000 |
CAMP DEER RUN PURPOSE: CHRISTIAN CAMP | $9,500 |
INTERNATIONAL CHURCHES MINIST PURPOSE: KAINOS PROJECT | $10,000 |
ISRAEL FIRSTFRUITS PURPOSE: CHRISTIAN BUSINESS DEVELOPMENT | $17,000 |